ManpowerGroup 2004 Annual Report Download - page 39

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FINANCIAL HIGHLIGHTS
(a) Revenues from Services include fees received from our franchise offices of $37.4 million, $28.1 million, $25.8 million, $26.5 million, and $34.5 million for 2000, 2001,
2002, 2003, and 2004, respectively. These fees are primarily based on revenues generated by the franchise operations, which were $1,639.5 million, $1,323.4 million,
$1,179.8 million, $1,214.4 million and $1,487.1 million for 2000, 2001, 2002, 2003, and 2004, respectively.
In the United States, where a majority of our franchises operate, Revenues from Services include fees received from the related franchise operations of $32.5 million, $24.1
million, $21.7 million, $21.9 million, and $25.0 million for 2000, 2001, 2002, 2003, and 2004, respectively. These fees are primarily based on revenues generated
by the franchise operations, which were $1,433.9 million, $1,135.5 million, $1,015.8 million, $1,026.2 million, and $1,181.5 million for 2000, 2001, 2002, 2003, and
2004, respectively.
(b) Systemwide Offices represents our branch offices plus the offices operating under a franchise agreement with us.
(c) On January 1, 2002, we adopted SFAS No. 142, “Goodwill and Other Intangible Assets,” which prohibits the amortization of goodwill and identifiable intangible assets
with an indefinite life.
(d) In the fourth quarter of 2004, we adopted EITF Issue No. 04-8. Previously reported Earnings Per Share – Diluted amounts have been restated to reflect the impact of
applying the “if-converted” method to our Debentures. (See note 3 to the consolidated financial statements for further information.)
2000
2001
2002
2003
2004 14,930.0
12,184.5
10,610.9
10,843.8
10,842.8
REVENUES FROM SERVICES(a)
in millions ($)
2000
2001
2002
2003
2004 395.8
257.9
234.8
237.6
311.0
OPERATING PROFIT(c)
in millions ($)
2000
2001
2002
2003
2004 4338
4041
3932
3920
3685
SYSTEMWIDE
OFFICES(b)
2000
2001
2002
2003
2004 2.59
1.69
1.42
1.59
2.22
NET EARNINGS PER SHARE –
DILUTED ($)(c)(d)