ManpowerGroup 2007 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2007 ManpowerGroup annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 71

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71

61
Manpower 2007 Annual Report
Notes to Consolidated Financial Statements
Year Ended December 31 2007 2006 2005
Revenues from Services(a)
United States(b) $ 1,962.2 $ 2,114.9 $ 2,048.3
France 7,025.3 6,019.1 5,475.8
Other EMEA 6,750.4 5,230.7 4,571.4
Italy 1,398.1 1,132.6 899.8
Jefferson Wells 332.0 373.0 386.2
Right Management 409.9 387.3 401.8
Other Operations 2,622.4 2,304.9 2,062.1
$ 20,500.3 $ 17,562.5 $ 15,845.4
Operating Unit Profi t
United States $ 80.1 $ 87.4 $ 68.7
France 390.3 203.3 168.7
Other EMEA 256.7 156.7 100.5
Italy 103.7 63.5 43.6
Jefferson Wells (5.2) 31.9 33.3
Right Management 34.6 18.3 25.7
Other Operations 73.5 69.9 60.4
933.7 631.0 500.9
Corporate expenses 95.2 85.8 59.0
Amortization of intangible assets 13.1 13.1 13.1
Interest and other expense 34.2 50.2 41.8
Earnings before income taxes and discontinued operations $ 791.2 $ 481.9 $ 387.0
Depreciation and Amortization Expense
United States $ 9.7 $ 8.1 $ 8.6
France 23.3 18.8 20.0
Other EMEA 21.7 17.4 17.9
Italy 6.7 5.5 5.5
Jefferson Wells 3.1 3.9 3.4
Right Management 10.1 11.0 13.0
Other Operations 11.3 11.0 11.4
Amortization of intangible assets 13.1 13.1 13.1
$ 99.0 $ 88.8 $ 92.9
Earnings from Equity Investments
United States $ 0.8 $ 0.9 $ 0.7
France (1.1) (1.2) (1.0)
Other EMEA 2.6 4.0 2.7
Other Operations (0.1) (0.6) —
$ 2.2 $ 3.1 $ 2.4
(a) Further breakdown of Revenues from Services by geographical region is as follows:
Revenues from Services 2007 2006 2005
United States $ 2,466.8 $ 2,644.1 $ 2,593.1
France 7,056.3 6,050.6 5,506.8
Italy 1,401.5 1,135.4 899.8
U.K. 1,544.7 1,554.3 1,848.0
Total Foreign 18,033.5 14,918.4 13,252.3
(b) The U.S. revenues above represent revenues from our Company-owned branches and franchise fees received from our franchise operations. These fees are primarily based
on revenues generated by our franchise operations, which are discussed further on the fi nancial highlights page.