ManpowerGroup 2004 Annual Report Download - page 64

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2004 Annual Report MANPOWER INC.62
Retained Accumulated
Capital in Earnings Other
Common Excess of Par (Accumulated Comprehensive Treasury
Stock Value Deficit) Income (Loss) Stock Total
Balance, December 31, 2001 $ .9 $ 1,644.9 $ (387.6) $ (190.8) $ (253.1) $ 814.3
Comprehensive Income:
Net earnings 113.2
Foreign currency translation 75.3
Unrealized loss on derivatives,
net of tax (6.6)
Unrealized loss on investments,
net of tax (5.8)
Reclassification adjustment for
losses included in net earnings,
net of tax 5.1
Minimum pension liability
adjustment, net of tax (.9)
Total comprehensive income 180.3
Issuances for franchise acquisitions — 21.9 21.9
Issuances under equity plans — 29.4 29.4
Dividends ($.20 per share) (15.3) (15.3)
Repurchases of common stock (30.7) (30.7)
Balance, December 31, 2002 .9 1,696.2 (289.7) (123.7) (283.8) 999.9
Comprehensive Income:
Net earnings 137.7
Foreign currency translation 146.8
Unrealized gain on derivatives,
net of tax 3.4
Unrealized gain on investments,
net of tax 3.2
Reclassification adjustment for
losses included in net earnings,
net of tax 1.6
Minimum pension liability
adjustment, net of tax (3.0)
Total comprehensive income 289.7
Issuances for acquisitions — .7 .7
Issuances under equity plans — 35.6 35.6
Dividends ($.20 per share) (15.6) (15.6)
Balance, December 31, 2003 .9 1,732.5 (167.6) 28.3 (283.8) 1,310.3
Comprehensive Income:
Net earnings 245.7
Foreign currency translation 86.3
Unrealized loss on derivatives,
net of tax (2.5)
Unrealized gain on investments,
net of tax 3.4
Minimum pension liability
adjustment, net of tax (6.1)
Total comprehensive income 326.8
Issuances for acquisitions .1 487.8 487.9
Issuances under equity plans — 76.1 76.1
Dividends ($.30 per share) (27.1) (27.1)
Balance, December 31, 2004 $ 1.0 $ 2,296.4 $ 51.0 $ 109.4 $ (283.8) $ 2,174.0
The accompanying notes to consolidated financial statements are an integral part of these statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
in millions, except per share data