10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000871763-11-000029`
Period End Date	20110331
Filing Date	20110505
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	man-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 26 Cash Flow Statement 56

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.60M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$116.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$943.80M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$148.50M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $116.6 and $111.6, respectively	`AccountsReceivableNetCurrent`	$4.20B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $116.6 and $111.6, respectively	`AccountsReceivableNetCurrent`	$3.84B	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$138.10M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpensesAndIncomeTaxesReceivableCurrent`	$204.90M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpensesAndIncomeTaxesReceivableCurrent`	$197.60M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNet`	$61.10M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNet`	$59.70M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.12B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.87B	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$954.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$967.80M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Intangible assets, less accumulated amortization of $148.5 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$376.20M	USD	Point-in-time
Intangible assets, less accumulated amortization of $148.5 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$367.90M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	108.29M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	108.56M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$355.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$393.60M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.73B	USD	Point-in-time
Treasury stock at cost, shares	`TreasuryStockShares`	26.54M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.69B	USD	Point-in-time
Treasury stock at cost, shares	`TreasuryStockShares`	26.57M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$714.40M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$688.80M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$518.50M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$542.80M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$171.60M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$170.30M	USD	Point-in-time
Total assets	`Assets`	$6.73B	USD	Point-in-time
Total assets	`Assets`	$7.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.31B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrent`	$240.20M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrent`	$195.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$547.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$555.00M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$665.40M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$677.70M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$512.30M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$482.20M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$28.70M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$38.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$708.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$669.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$390.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$373.10M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$1.04B	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$1.10B	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 108,556,632 and 108,294,605 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 108,556,632 and 108,294,605 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.78B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$820.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$785.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$137.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$87.00M	USD	Point-in-time
Treasury stock at cost, 26,566,184 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.26B	USD	Point-in-time
Treasury stock at cost, 26,566,184 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.26B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.50B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.73B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.02B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$4.10B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$5.07B	USD	1 Quarter
Cost of services	`CostOfServices`	$4.21B	USD	1 Quarter
Cost of services	`CostOfServices`	$3.40B	USD	1 Quarter
Gross profit	`GrossProfit`	$857.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$701.50M	USD	1 Quarter
Selling and administrative expenses	`SellingAndAdministrativeExpensesExcludingGoodwillAndIntangibleAssetImpairmentCharges`	$668.90M	USD	1 Quarter
Selling and administrative expenses	`SellingAndAdministrativeExpensesExcludingGoodwillAndIntangibleAssetImpairmentCharges`	$772.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$32.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$85.60M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.10M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$12.90M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$74.50M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$35.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$2.80M	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	78.60M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.90M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.60M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	79.90M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$35.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$2.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-9.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.90M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.10M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$5.50M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.20M	USD	1 Quarter
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-500.00K	USD	1 Quarter
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-212.90M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-127.10M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.60M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.30M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-12.80M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$95.50M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-159.70M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-43.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$11.20M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$100.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.60M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.10M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfDebt`	$9.60M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfDebt`	$200.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromLongtermDebt`	$1.50M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromLongtermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongtermDebt`	$-700.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongtermDebt`	$-100.00K	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.90M	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.20M	USD	1 Quarter
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$100.00K	USD	1 Quarter
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$500.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.00M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.30M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-26.20M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$31.40M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-70.80M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-123.10M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$943.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$943.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$3.80M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.10M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$15.30M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$55.30M	USD	1 Quarter

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