ManpowerGroup 2007 Annual Report Download - page 40

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37
Manpower 2007 Annual Report
Consolidated Statements of Shareholders’ Equity
in millions, except share and per share data
Consolidated Statements of Shareholders’ Equity
Common Stock
Capital in Excess
of Par Value
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock TotalShares Issued Par Value
Balance, December 31, 2004 100,236,635 $ 1.0 $ 2,296.4 $ 51.0 $ 109.4 $ (283.8) $ 2,174.0
Comprehensive Income:
Net earnings 260.1
Foreign currency translation (117.8)
Unrealized gain on derivatives,
net of tax 3.0
Unrealized gain on investments,
net of tax 2.2
Minimum pension liability adjustment,
net of tax (7.8)
Total comprehensive income 139.7
Issuances under equity plans,
including tax benefi ts 1,003,178 31.1 31.1
Issuances for settlement of
convertible debentures 19.2 41.4 60.6
Dividends ($0.47 per share) (41.2) (41.2)
Repurchases of common stock (217.6) (217.6)
Balance, December 31, 2005 101,239,813 1.0 2,346.7 269.9 (11.0) (460.0) 2,146.6
Comprehensive Income:
Net earnings 398.0
Foreign currency translation 131.8
Unrealized gain on derivatives,
net of tax 2.0
Unrealized gain on investments,
net of tax 3.6
Minimum pension liability adjustment,
net of tax 0.9
Total comprehensive income 536.3
Adjustment to initially apply SFAS
No. 158, net of tax (6.7) (6.7)
Issuances under equity plans,
including tax benefi ts 1,366,612 51.5 10.8 62.3
Share-based compensation expense 22.5 22.5
Dividends ($0.59 per share) (50.9) (50.9)
Repurchases of common stock (235.9) (235.9)
Balance, December 31, 2006 102,606,425 1.0 2,420.7 617.0 120.6 (685.1) 2,474.2
Comprehensive Income:
Net earnings 484.7
Foreign currency translation 106.3
Unrealized gain on derivatives,
net of tax 1.6
Unrealized gain on investments,
net of tax 1.0
Defi ned benefi t pension plans and
retiree health care plan,
net of tax 28.1
Total comprehensive income 621.7
Adjustment to adopt FIN 48 (4.3) (4.3)
Issuances under equity plans,
including tax benefi ts 807,829 35.1 4.4 39.5
Share-based compensation expense 26.0 26.0
Dividends ($0.69 per share) (57.1) (57.1)
Repurchases of common stock (430.7) (430.7)
Balance, December 31, 2007 103,414,254 $ 1.0 $ 2,481.8 $ 1,040.3 $ 257.6 $ (1,111.4) $ 2,669.3
The accompanying notes to consolidated fi nancial statements are an integral part of these statements.