ManpowerGroup 2007 Annual Report Download - page 38

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35
Manpower 2006 Annual Report
Consolidated Balance Sheets
in millions, except share and per share data
Consolidated Balance Sheets
December 31 2007 2006
ASSETS
Current Assets
Cash and cash equivalents $ 537.5 $ 687.9
Accounts receivable, less allowance for doubtful accounts of $123.1 and $109.9, respectively 4,478.8 3,837.2
Prepaid expenses and other assets 122.2 90.5
Future income tax benefi ts 76.3 66.4
Total current assets 5,214.8 4,682.0
Other Assets
Goodwill 1,045.9 972.6
Intangible assets, less accumulated amortization of $56.1 and $41.6, respectively 364.8 321.0
Other assets 377.7 336.4
Total other assets 1,788.4 1,630.0
Property and Equipment
Land, buildings, leasehold improvements and equipment 760.8 693.2
Less: accumulated depreciation and amortization 539.6 491.1
Net property and equipment 221.2 202.1
Total assets $ 7,224.4 $ 6,514.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Accounts payable $ 1,014.4 $ 889.9
Employee compensation payable 213.6 180.7
Accrued liabilities 679.4 562.1
Accrued payroll taxes and insurance 724.7 699.9
Value added taxes payable 583.7 517.0
Short-term borrowings and current maturities of long-term debt 39.7 32.0
Total current liabilities 3,255.5 2,881.6
Other Liabilities
Long-term debt 874.8 791.2
Other long-term liabilities 424.8 367.1
Total other liabilities 1,299.6 1,158.3
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 103,414,254
and 102,606,425 shares, respectively 1.0 1.0
Capital in excess of par value 2,481.8 2,420.7
Retained earnings 1,040.3 617.0
Accumulated other comprehensive income 257.6 120.6
Treasury stock at cost, 23,541,579 and 17,536,421 shares, respectively (1,111.4 ) (685.1)
Total shareholders' equity 2,669.3 2,474.2
Total liabilities and shareholders' equity $ 7,224.4 $ 6,514.1
The accompanying notes to consolidated fi nancial statements are an integral part of these statements.