10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000871763-14-000019`
Period End Date	20140331
Filing Date	20140430
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	man-20140331.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`	$118.60M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$121.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$696.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$737.60M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $121.4 and $118.6, respectively	`AccountsReceivableNetCurrent`	$4.28B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $121.4 and $118.6, respectively	`AccountsReceivableNetCurrent`	$4.24B	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$247.90M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$255.40M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$161.30M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$142.80M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$66.20M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Future income tax benefits	`DeferredTaxAssetsNetCurrent`	$67.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.15B	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
Total current assets	`AssetsCurrent`	$5.24B	USD	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`	$1.10B	USD	Point-in-time
Goodwill	`Goodwill`	$1.09B	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
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Intangible assets, less accumulated amortization of $255.4 and $247.9, respectively	`IntangibleAssetsNetExcludingGoodwill`	$312.50M	USD	Point-in-time
Intangible assets, less accumulated amortization of $255.4 and $247.9, respectively	`IntangibleAssetsNetExcludingGoodwill`	$309.10M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	112.46M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$557.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$479.30M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	112.01M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	32.66M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.97B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.88B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	32.99M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$706.20M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$709.50M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$548.70M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$540.20M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$166.00M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$160.80M	USD	Point-in-time
Total assets	`Assets`	$7.29B	USD	Point-in-time
Total assets	`Assets`	$7.28B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.58B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$1.52B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$184.30M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$230.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$536.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$561.30M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$680.70M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesAndEmployeeBenefitsCurrent`	$578.00M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$476.40M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$502.50M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$45.40M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$36.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.51B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.42B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$484.30M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$481.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$382.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$395.50M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$879.80M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$864.50M	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 112,463,899 and 112,014,673 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 112,463,899 and 112,014,673 shares, respectively	`CommonStockValue`	$1.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$3.01B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$3.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.32B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.39B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$82.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$82.10M	USD	Point-in-time
Treasury stock at cost, 32,990,255 and 32,658,685 shares, respectively	`TreasuryStockValue`	$1.53B	USD	Point-in-time
Treasury stock at cost, 32,990,255 and 32,658,685 shares, respectively	`TreasuryStockValue`	$1.50B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.98B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.91B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.28B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.29B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$4.90B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$4.77B	USD	1 Quarter
Cost of services	`CostOfServices`	$3.98B	USD	1 Quarter
Cost of services	`CostOfServices`	$4.09B	USD	1 Quarter
Gross profit	`GrossProfit`	$790.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$816.50M	USD	1 Quarter
Selling and administrative expenses	`SellingAndAdministrativeExpensesExcludingGoodwillAndIntangibleAssetImpairmentCharges`	$689.60M	USD	1 Quarter
Selling and administrative expenses	`SellingAndAdministrativeExpensesExcludingGoodwillAndIntangibleAssetImpairmentCharges`	$735.70M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$54.40M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$126.90M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$9.20M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$11.50M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.90M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$117.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$70.10M	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.88	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	79.80M	shares	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.10M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.20M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.20M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$70.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.60M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.70M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.60M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.90M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$6.50M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$10.80M	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.20M	USD	1 Quarter
Excess tax benefit on exercise of share-based awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$300.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-20.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-27.80M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$55.80M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.10M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-92.90M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-128.30M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.50M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.80M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.40M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$600.00K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.20M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.70M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$13.30M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$2.20M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$300.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$600.00K	USD	1 Quarter
Proceeds from share-based awards	`SaleOfStockConsiderationReceivedOnTransaction`	$6.00M	USD	1 Quarter
Proceeds from share-based awards	`SaleOfStockConsiderationReceivedOnTransaction`	$10.20M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$1.00M	USD	1 Quarter
Other share-based award transactions	`ProceedsFromPaymentsForOtherShareBasedAwardTransactionsNet`	$-8.20M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.20M	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.10M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.30M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.70M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.70M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.10M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$696.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$737.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$696.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$648.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$583.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$737.60M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.60M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$3.50M	USD	1 Quarter
Income taxes paid (refunded), net	`IncomeTaxesPaidNet`	$-13.30M	USD	1 Quarter
Income taxes paid (refunded), net	`IncomeTaxesPaidNet`	$17.20M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$23.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$70.10M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`TranslationAdjustmentForNetInvestmentHedgeTaxBenefitExpense`	$7.40M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`TranslationAdjustmentForNetInvestmentHedgeTaxBenefitExpense`	$-400.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.30M	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$400.00K	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$300.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-31.00M	USD	1 Quarter
Translation adjustments on net investment hedge, less income taxes of $(0.4) and $7.4, Respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$-800.00K	USD	1 Quarter
Translation adjustments on net investment hedge, less income taxes of $(0.4) and $7.4, Respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$12.10M	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$2.30M	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$-23.60M	USD	1 Quarter
Unrealized gain on investments, less income taxes of $0.3 and $0.4, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.70M	USD	1 Quarter
Unrealized gain on investments, less income taxes of $0.3 and $0.4, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.20M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-41.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$70.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.40M	USD	1 Quarter

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