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42 Consolidated Statements of Operations Manpower Annual Report 2008
Consolidated Statements of Operations
in millions, except per share data
Year Ended December 31 2008 2007 2006
Revenues from services $ 21,552.8 $ 20,500.3 $ 17,562.5
Cost of services 17,450.2 16,651.7 14,416.5
Gross profit 4,102.6 3,848.6 3,146.0
Selling and administrative expenses, excluding impairment charge 3,430.3 3,023.2 2,613.9
Goodwill and intangible asset impairment charge 163.1 — —
Selling and administrative expenses 3,593.4 3,023.2 2,613.9
Operating profit 509.2 825.4 532.1
Interest and other expense 50.9 34.2 50.2
Earnings before income taxes and discontinued operations 458.3 791.2 481.9
Provision for income taxes 239.4 306.5 176.2
Net earnings from continuing operations 218.9 484.7 305.7
Income from discontinued operations, net of income taxes — — 92.3
Net earnings $ 218.9 $ 484.7 $ 398.0
Net earnings per share - basic:
Continuing operations $ 2.78 $ 5.83 $ 3.55
Discontinued operations — — 1.07
Total $ 2.78 $ 5.83 $ 4.62
Net earnings per share - diluted:
Continuing operations $ 2.75 $ 5.73 $ 3.48
Discontinued operations — — 1.06
Total $ 2.75 $ 5.73 $ 4.54
Weighted average shares - basic 78.7 83.1 86.2
Weighted average shares - diluted 79.7 84.6 87.7
The accompanying notes to consolidated financial statements are an integral part of these statements.