10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000871763-11-000052`
Period End Date	20110930
Filing Date	20111104
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	man-20110930.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`	$563.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$598.30M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$111.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01B	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$112.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $112.3 and $111.6, respectively	`AccountsReceivableNetCurrent`	$3.84B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $112.3 and $111.6, respectively	`AccountsReceivableNetCurrent`	$4.34B	USD	Point-in-time
Accumulated Amortization on Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$166.60M	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`	$166.10M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$58.20M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$59.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.13B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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, 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
Goodwill	`Goodwill`	$954.10M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$989.00M	USD	Point-in-time
Intangible assets, less accumulated amortization of $166.6 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$376.20M	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 $166.6 and $138.1, respectively	`IntangibleAssetsNetExcludingGoodwill`	$367.40M	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
Other assets	`OtherAssetsNoncurrent`	$355.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$416.80M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	108.80M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.69B	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	108.29M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.77B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	26.54M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	27.48M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$688.80M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$703.00M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$530.30M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$518.50M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$172.70M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$170.30M	USD	Point-in-time
Total assets	`Assets`	$7.08B	USD	Point-in-time
Total assets	`Assets`	$6.73B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.46B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.31B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$221.80M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$240.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$508.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$547.40M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$677.70M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$719.80M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$482.20M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$538.10M	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`	$435.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.88B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.29B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$669.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$268.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$399.40M	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`	$667.60M	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 108,799,698 and 108,294,605 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 108,799,698 and 108,294,605 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.82B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$785.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$940.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$87.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$63.10M	USD	Point-in-time
Treasury stock at cost, 27,476,310 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.26B	USD	Point-in-time
Treasury stock at cost, 27,476,310 and 26,535,104 shares, respectively	`TreasuryStockValue`	$1.30B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.40B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.08B	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`	$5.78B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$16.52B	USD	3 Qtrs
Revenues from services	`SalesRevenueServicesNet`	$4.97B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$13.66B	USD	3 Qtrs
Cost of services	`CostOfServices`	$13.75B	USD	3 Qtrs
Cost of services	`CostOfServices`	$4.83B	USD	1 Quarter
Cost of services	`CostOfServices`	$11.32B	USD	3 Qtrs
Cost of services	`CostOfServices`	$4.13B	USD	1 Quarter
Gross profit	`GrossProfit`	$951.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.34B	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.77B	USD	3 Qtrs
Gross profit	`GrossProfit`	$841.20M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.38B	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$793.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$732.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.12B	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$158.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$220.60M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$108.90M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$394.40M	USD	3 Qtrs
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$33.90M	USD	3 Qtrs
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$8.40M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$33.20M	USD	3 Qtrs
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$147.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$360.50M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$100.50M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$187.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$49.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$67.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$100.60M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$172.50M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$86.80M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$51.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$79.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$188.00M	USD	3 Qtrs
Net earnings per share - basic	`EarningsPerShareBasic`	$1.08	USD	3 Qtrs
Net earnings per share - basic	`EarningsPerShareBasic`	$2.30	USD	3 Qtrs
Net earnings per share - basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$2.26	USD	3 Qtrs
Net earnings per share - diluted	`EarningsPerShareDiluted`	$1.06	USD	3 Qtrs
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.97	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.90M	shares	3 Qtrs
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.70M	shares	3 Qtrs
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.90M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.70M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.30M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.70M	shares	3 Qtrs
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.40M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.70M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$86.80M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$51.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$79.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$188.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$80.20M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.60M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-44.90M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$19.50M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$22.00M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$6.40M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.20M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$24.70M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$17.90M	USD	3 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-800.00K	USD	3 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-1.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-730.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-521.70M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.50M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.90M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$173.10M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$494.70M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.40M	USD	3 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$41.80M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$45.90M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$32.10M	USD	3 Qtrs
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$260.60M	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.30M	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-299.30M	USD	3 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-73.70M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-19.50M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$6.30M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.40M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00K	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$1.00M	USD	3 Qtrs
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$18.80M	USD	3 Qtrs
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$15.00M	USD	3 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$800.00K	USD	3 Qtrs
Excess tax benefit on exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.20M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$34.80M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$42.70M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$30.60M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.80M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.50M	USD	3 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-68.70M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.10M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.50M	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-416.30M	USD	3 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-209.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$563.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$598.30M	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$563.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$598.30M	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
Interest paid	`InterestPaidNet`	$42.30M	USD	3 Qtrs
Interest paid	`InterestPaidNet`	$39.80M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$125.50M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$66.10M	USD	3 Qtrs
Common stock issued for acquisition	`StockIssued1`	-	USD	3 Qtrs
Common stock issued for acquisition	`StockIssued1`	$188.50M	USD	3 Qtrs

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