10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000871763-12-000023`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	man-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 26 Cash Flow Statement 56 Comprehensive Income 18

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`	$108.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$580.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.23B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.18B	USD	Point-in-time
Accumulated Amortization on Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$185.60M	USD	Point-in-time
Accumulated Amortization on Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$176.10M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$176.30M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$189.70M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$52.40M	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$56.50M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.99B	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`	$995.70M	USD	Point-in-time
Goodwill	`Goodwill`	$984.70M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$347.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$354.90M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$417.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$395.10M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	109.44M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	109.08M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.76B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.73B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	29.27M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	29.17M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$685.60M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$710.90M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$511.10M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$530.00M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$174.50M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$180.90M	USD	Point-in-time
Total assets	`Assets`	$6.90B	USD	Point-in-time
Total assets	`Assets`	$6.97B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.43B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.37B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$221.90M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$189.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$520.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$513.00M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$649.80M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$712.40M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$488.00M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$502.30M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$454.20M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$434.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.76B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.73B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$267.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$266.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$388.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$410.30M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$654.10M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$677.90M	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock	`CommonStockValue`	$1.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.84B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$2.85B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$971.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$35.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$74.80M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$1.37B	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$1.36B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.48B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.57B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.97B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$6.90B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$5.10B	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`	$4.25B	USD	1 Quarter
Gross profit	`GrossProfit`	$847.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$857.60M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$772.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$753.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$85.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$93.80M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.10M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.80M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$35.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$40.20M	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Net earnings per share - basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Net earnings per share - diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.90M	shares	1 Quarter
Weighted average shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	80.20M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	80.90M	shares	1 Quarter
Weighted average shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.60M	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`	$40.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-800.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$8.20M	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-500.00K	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$34.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-212.90M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-16.70M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.30M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-114.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-12.80M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-159.70M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$19.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$11.20M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.50M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.10M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.10M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.10M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$9.50M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$9.60M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$8.40M	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$3.50M	USD	1 Quarter
Proceeds from share-based awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.20M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$-4.50M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$500.00K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.30M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$200.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$31.40M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$14.60M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-123.10M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.00M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$772.60M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$580.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	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`	$580.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$553.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$649.50M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.10M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$2.80M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$55.30M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$17.20M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$35.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$40.20M	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$800.00K	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$300.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$73.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$39.30M	USD	1 Quarter
Income tax expense (benefit) on amortization of net loss (gain) included in net periodic benefit cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax`	$200.00K	USD	1 Quarter
Income tax expense (benefit) on amortization of net loss (gain) included in net periodic benefit cost	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax`	$100.00K	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$-300.00K	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$9.30M	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.20M	USD	1 Quarter
Unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$800.00K	USD	1 Quarter
Amortization of net loss (gain) included in net periodic benefit cost, net of tax	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$700.00K	USD	1 Quarter
Amortization of net loss (gain) included in net periodic benefit cost, net of tax	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$400.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$39.50M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$50.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$79.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$86.50M	USD	1 Quarter

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