ManpowerGroup 2006 Annual Report Download - page 39

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฀ 35
Manpower฀2006฀Annual฀Report
December฀31 2006 2005
ASSETS
Current฀Assets
Cash฀and฀cash฀equivalents $฀ 687.9 $฀ 454.9
Accounts฀receivable,฀less฀allowance฀for฀doubtful฀accounts฀of฀$109.9฀and฀$86.5,฀respectively 3,837.2 3,208.2
Prepaid฀expenses฀and฀other฀assets 90.5 107.5
Future฀income฀tax฀benefits 66.4 71.1
฀ Total฀current฀assets 4,682.0 3,841.7
Other฀Assets
Goodwill 972.6 923.9
Intangible฀assets,฀less฀accumulated฀amortization฀of฀$41.6฀and฀$29.8,฀respectively 321.0 332.6
Other฀assets 336.4 273.8
฀ Total฀other฀assets 1,630.0 1,530.3
Property฀and฀Equipment
Land,฀buildings,฀leasehold฀improvements฀and฀equipment 693.2 642.4
Less:฀accumulated฀depreciation฀and฀amortization 491.1 446.0
฀ Net฀property฀and฀equipment 202.1 196.4
฀ Total฀assets $฀ 6,514.1 $฀ 5,568.4
LIABILITIES฀AND฀SHAREHOLDERS’฀EQUITY
Current฀Liabilities
Accounts฀payable $฀ 889.9 $฀ 685.4
Employee฀compensation฀payable 180.7 150.6
Accrued฀liabilities 562.1 435.4
Accrued฀payroll฀taxes฀and฀insurance 699.9 607.2
Value฀added฀taxes฀payable 517.0 441.9
Short-term฀borrowings฀and฀current฀maturities฀of฀long-term฀debt 32.0 260.0
฀ Total฀current฀liabilities 2,881.6 2,580.5
Other฀Liabilities
Long-term฀debt 791.2 475.0
Other฀long-term฀liabilities 367.1 366.3
฀ Total฀other฀liabilities 1,158.3 841.3
Shareholders’฀Equity
Preferred฀stock,฀$.01฀par฀value,฀authorized฀25,000,000฀shares,฀none฀issued ——
Common฀stock,฀$.01฀par฀value,฀authorized฀125,000,000฀shares,฀issued฀102,606,425฀฀
฀ and฀101,239,813฀shares,฀respectively฀
1.0 1.0
Capital฀in฀excess฀of฀par฀value 2,420.7 2,346.7
Retained฀earnings 617.0 269.9
Accumulated฀other฀comprehensive฀income฀(loss) 120.6 (11.0)
Treasury฀stock฀at฀cost,฀17,536,421฀and฀13,867,805฀shares,฀respectively (685.1) (460.0)
฀ Total฀shareholders’฀equity 2,474.2 2,146.6
฀ Total฀liabilities฀and฀shareholders’฀equity $฀ 6,514.1 $฀ 5,568.4
The฀accompanying฀notes฀to฀consolidated฀financial฀statements฀are฀an฀integral฀part฀of฀these฀balance฀sheets.
CON SOLID ATED฀BALANCE฀SHE ETS
in฀million s,฀except฀share฀and฀per฀s hare฀data
Consolidated฀Balance฀Sheets฀