10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000871763-11-000038`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	man-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 52 Cash Flow Statement 66

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$543.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$119.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$552.50M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.60M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $119.7 and $111.6, respectively	`AccountsReceivableNetCurrent`	$3.84B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $119.7 and $111.6, respectively	`AccountsReceivableNetCurrent`	$4.50B	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$197.60M	USD	Point-in-time
Accumulated Amortization on Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$138.10M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$182.10M	USD	Point-in-time
Accumulated Amortization on Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$158.20M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$59.70M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$66.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.87B	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`	$5.29B	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$985.40M	USD	Point-in-time
Goodwill	`Goodwill`	$954.10M	USD	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
Intangible assets, less accumulated amortization of $158.2 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$376.20M	USD	Point-in-time
Intangible assets, less accumulated amortization of $158.2 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$365.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$456.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$355.10M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	108.29M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.81B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.69B	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	108.78M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	26.85M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	26.54M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$743.20M	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`	$562.30M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$180.90M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$170.30M	USD	Point-in-time
Total assets	`Assets`	$7.28B	USD	Point-in-time
Total assets	`Assets`	$6.73B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.54B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.31B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$240.20M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$214.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$547.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$526.70M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$677.70M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$730.60M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$543.80M	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`	$468.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.02B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$290.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$669.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$406.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$373.10M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$696.60M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$1.04B	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 108,775,274 and 108,294,605 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 108,775,274 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`	$2.82B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$860.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$785.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$87.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$157.50M	USD	Point-in-time
Treasury stock at cost, 26,854,791 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.28B	USD	Point-in-time
Treasury stock at cost, 26,854,791 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.26B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.28B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.73B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$10.74B	USD	2 Qtrs
Revenues from services	`SalesRevenueServicesNet`	$4.59B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$5.67B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$8.68B	USD	2 Qtrs
Cost of services	`CostOfServices`	$3.79B	USD	1 Quarter
Cost of services	`CostOfServices`	$8.92B	USD	2 Qtrs
Cost of services	`CostOfServices`	$4.71B	USD	1 Quarter
Cost of services	`CostOfServices`	$7.19B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.50B	USD	2 Qtrs
Gross profit	`GrossProfit`	$962.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.82B	USD	2 Qtrs
Gross profit	`GrossProfit`	$797.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$717.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.39B	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$811.40M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.58B	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$111.70M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$150.80M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$79.10M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$236.40M	USD	2 Qtrs
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.80M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$24.80M	USD	2 Qtrs
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.90M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$22.90M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$213.50M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$67.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$139.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.90M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$66.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$105.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$51.40M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.50M	USD	1 Quarter
Net earnings	`ProfitLoss`	$72.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$108.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$35.50M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$32.70M	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.44	USD	2 Qtrs
Net earnings per share - basic	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$1.32	USD	2 Qtrs
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.44	USD	2 Qtrs
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$1.30	USD	2 Qtrs
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.10M	shares	2 Qtrs
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.50M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.00M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.00M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.20M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.70M	shares	2 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.30M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.50M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$72.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$108.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$35.50M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$32.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$50.50M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$7.10M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-6.90M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$13.50M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$14.40M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$6.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.30M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$16.50M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$11.50M	USD	2 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-800.00K	USD	2 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-1.10M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-480.10M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-425.10M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-26.30M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-51.40M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$87.00M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$337.40M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.70M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-192.10M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$27.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$27.90M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$15.20M	USD	2 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$258.50M	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.80M	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.30M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.10M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-40.00M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$4.40M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-5.50M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.40M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00K	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$800.00K	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	2 Qtrs
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$17.80M	USD	2 Qtrs
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$14.80M	USD	2 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$800.00K	USD	2 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.10M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.80M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.80M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$30.60M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.30M	USD	2 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.90M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$31.30M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-92.40M	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-462.10M	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-229.10M	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$543.50M	USD	Point-in-time
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`	$552.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$543.50M	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`	$552.50M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$37.20M	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$40.00M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$51.70M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$95.30M	USD	2 Qtrs
Common stock issued for acquisition	`StockIssued1`	$188.50M	USD	2 Qtrs
Common stock issued for acquisition	`StockIssued1`	-	USD	2 Qtrs

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