KFRC FY 2021 Earnings Report — Kforce Inc. Revenue & Financial Results | Market Cap Arena

Kforce Inc.KFRC

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	13.0%
Op. Income	$107M	—	$80M	—	32.9%
Gross Margin	28.9%	—	28.3%	—	0.6pp
Net Margin	4.8%	—	4.0%	—	0.7pp
EPS (Diluted)	$3.54	—	$2.62	—	35.1%
Free Cash Flow	$66M	—	$103M	—	-35.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$457M
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$295M
SG&A Expenses	$346M
Other Expenses	$5M
Operating Expenses	$350M
Cost & Expenses	$1.5B
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$99M
Income Tax Expense	$24M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$3M
EBIT	$107M
EBITDA	$109M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$457M
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$295M
SG&A Expenses	$346M
Other Expenses	$5M
Operating Expenses	$350M
Cost & Expenses	$1.5B
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$99M
Income Tax Expense	$24M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$3M
EBIT	$107M
EBITDA	$109M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$5M
Stock-Based Compensation	$14M
Deferred Income Tax	$2M
Other Non-Cash Items	$9M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$6M
Acquisitions (Net)	-$9M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$9M
Other Investing Activities	$24M
NET CASH FROM INVESTING	$8M
Net Debt Issuance	$0
Common Stock Repurchased	-$66M
Common Dividends Paid	-$20M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$88M
FREE CASH FLOW	$66M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$0
Net Receivables	$268M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$372M
PP&E (Net)	$21M
Goodwill	$25M
Intangible Assets	$15M
Long-Term Investments	$17M
Tax Assets	$8M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$131M
TOTAL ASSETS	$503M
Account Payables	$40M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$746.0K
TOTAL CURRENT LIABILITIES	$160M
Long-Term Debt	$100M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$155M
TOTAL LIABILITIES	$315M
Common Stock	$730.0K
Additional Paid-In Capital	$488M
Retained Earnings	$443M
Treasury Stock	-$744M
Accum. Other Comp. Income	$621.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$188M
Minority Interest	$0
TOTAL EQUITY	$188M
TOTAL LIABILITIES & EQUITY	$503M
Total Debt	$118M
Net Debt	$21M