ManpowerGroup 2009 Annual Report Download - page 45

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43
Consolidated Balance Sheets Manpower 2009 Annual Report
December 31 2009 2008
ASSETS
Current Assets
Cash and cash equivalents $ 1,014.6 $ 874.0
Accounts receivable, less allowance for doubtful accounts of $118.3 and $118.5, respectively 3,070.8 3,629.7
Prepaid expenses and other assets 179.6 119.9
Future income tax benefi ts 67.4 66.5
Total current assets 4,332.4 4,690.1
Other Assets
Goodwill 959.1 972.9
Intangible assets, less accumulated amortization of $100.5 and $78.4, respectively 398.4 415.2
Other assets 347.5 330.6
Total other assets 1,705.0 1,718.7
Property and Equipment
Land, buildings, leasehold improvements and equipment 703.6 744.0
Less: accumulated depreciation and amortization 527.2 530.6
Net property and equipment 176.4 213.4
Total assets $ 6,213.8 $ 6,622.2
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 944.4 $ 896.3
Employee compensation payable 187.8 213.2
Accrued liabilities 465.9 585.7
Accrued payroll taxes and insurance 572.0 617.5
Value added taxes payable 391.2 479.2
Short-term borrowings and current maturities of long-term debt 41.7 115.6
Total current liabilities 2,603.0 2,907.5
Other Liabilities
Long-term debt 715.6 837.3
Other long-term liabilities 358.7 418.0
Total other liabilities 1,074.3 1,255.3
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 104,397,965
and 103,756,138 shares, respectively
1.0 1.0
Capital in excess of par value 2,544.2 2,514.8
Retained earnings 1,109.6 1,176.8
Accumulated other comprehensive income (loss) 106.9 (8.9)
Treasury stock at cost, 25,821,405 and 25,791,941 shares, respectively (1,225.2) (1,224.3)
Total shareholders’ equity 2,536.5 2,459.4
Total liabilities and shareholders’ equity $ 6,213.8 $ 6,622.2
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Consolidated Balance Sheets
in millions, except share and per share data