10-Q Filing

ASGN INC CIK: 890564 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001628280-21-009545`
Period End Date	20210331
Filing Date	20210507
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	asgn-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 35 Cash Flow Statement 66 Stockholders Equity 20

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$386.50M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$274.40M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$678.70M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$646.90M	USD	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$23.30M	USD	Point-in-time
Prepaid expenses and income taxes	`PrepaidExpenseCurrent`	$20.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.60M	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$994.40M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$68.30M	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$76.20M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$84.90M	USD	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	53.20M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$487.90M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$475.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.62B	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$1.62B	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Other	`OtherAssetsNoncurrent`	$22.70M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$23.00M	USD	Point-in-time
Total assets	`Assets`	$3.33B	USD	Point-in-time
Total assets	`Assets`	$3.28B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.90M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$284.70M	USD	Point-in-time
Accrued payroll and contract professional pay	`EmployeeRelatedLiabilitiesCurrent`	$266.10M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$28.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$29.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$80.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$86.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$428.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$416.20M	USD	Point-in-time
Long-term Debt	`LongTermDebt`	$1.03B	USD	Point-in-time
Long-term Debt	`LongTermDebt`	$1.03B	USD	Point-in-time
Operating Lease, Liability, Noncurrent	`OperatingLeaseLiabilityNoncurrent`	$62.90M	USD	Point-in-time
Operating Lease, Liability, Noncurrent	`OperatingLeaseLiabilityNoncurrent`	$55.00M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$108.70M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$108.60M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$62.50M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$69.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69B	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Value, Issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$661.30M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$674.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$975.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$926.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.28B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.33B	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	53.20M	shares	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.03B	USD	1 Quarter
Revenues	`Revenues`	$990.50M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$709.60M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$744.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$281.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$280.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$197.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$194.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.20M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$12.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$74.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$70.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$65.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.70M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$48.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.00M	shares	1 Quarter
Weighted-average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.70M	shares	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$41.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.50M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$8.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$10.30M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.70M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.50M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.90M	USD	1 Quarter
Prepaid expenses and income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.90M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$9.10M	USD	1 Quarter
Accrued payroll and contract professional pay	`IncreaseDecreaseInAccruedSalaries`	$19.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.70M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.90M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	$-8.90M	USD	1 Quarter
Operating lease right of use assets	`IncreaseDecreaseInOperatingRightofUseAsset`	$-7.20M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-9.50M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-7.40M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$14.10M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingAssets`	$-400.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.10M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.30M	USD	1 Quarter
Cash paid for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.30M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$85.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-101.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.40M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$65.50M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$32.50M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$7.70M	USD	1 Quarter
Proceeds from option exercises and employee stock purchase plan	`ProceedsFromIssuanceOrSaleOfEquity`	$5.90M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$4.80M	USD	1 Quarter
Payment of employment taxes related to release of restricted stock awards	`PaymentsForOtherTaxes`	$4.90M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$27.90M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.90M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.10M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-400.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-31.20M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$112.10M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$274.40M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$64.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$95.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$386.50M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$274.40M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$64.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$95.20M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$386.50M	USD	Point-in-time
Income Taxes Paid	`IncomeTaxesPaid`	$2.60M	USD	1 Quarter
Income Taxes Paid	`IncomeTaxesPaid`	$1.20M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.70M	USD	1 Quarter
Interest	`InterestPaidNet`	$2.40M	USD	1 Quarter
Operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$8.80M	USD	1 Quarter
Operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$8.40M	USD	1 Quarter
Operating lease right of use assets obtained in exchange for operating lease liabilities	`OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$300.00K	USD	1 Quarter
Operating lease right of use assets obtained in exchange for operating lease liabilities	`OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities`	$8.50M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-4.90M	USD	1 Quarter
Vesting of restricted stock units, value	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-4.80M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$7.60M	USD	1 Quarter
Employee stock purchase plan, value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$5.90M	USD	1 Quarter
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	`ProceedsFromStockOptionsExercised`	$100.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.90M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.30M	USD	1 Quarter
Stock Repurchased and Retired During Period, Value	`StockRepurchasedAndRetiredDuringPeriodValue`	$27.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$48.70M	USD	1 Quarter
Total stockholders equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.59B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.