ManpowerGroup 2011 Annual Report Download - page 49

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Consolidated Balance Sheets ManpowerGroup 2011 Annual Report 47
CONSOLIDATED BALANCE SHEETS
in millions, except share and per share data
December 31 2011 2010
A S S ET S
Current Assets
Cash and cash equivalents $ 580.5 $ 772.6
Accounts receivable, less allowance for doubtful accounts of $108.6 and $111.6, respectively 4,181.3 3,844.1
Prepaid expenses and other assets 176.3 197.6
Future income tax benefits 52.4 59.7
Total current assets 4,990.5 4,874.0
Other Assets
Goodwill 984.7 954.1
Intangible assets, less accumulated amortization of $176.1 and $138.1, respectively 354.9 376.2
Other assets 395.1 355.1
Total other assets 1,734.7 1,685.4
Property and Equipment
Land, buildings, leasehold improvements and equipment 685.6 688.8
Less: accumulated depreciation and amortization 511.1 518.5
Net property and equipment 174.5 170.3
Total assets $ 6,899.7 $ 6,729.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 1,370.6 $ 1,313.9
Employee compensation payable 221.9 240.2
Accrued liabilities 520.8 547.4
Accrued payroll taxes and insurance 712.4 677.7
Value added taxes payable 502.3 482.2
Short-term borrowings and current maturities of long-term debt 434.2 28.7
Total current liabilities 3,762.2 3,290.1
Other Liabilities
Long-term debt 266.0 669.3
Other long-term liabilities 388.1 373.1
Total other liabilities 654.1 1,042.4
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 109,076,337
and 108,294,605 shares, respectively 1.1 1.1
Capital in excess of par value 2,839.9 2,781.7
Retained earnings 971.7 785.2
Accumulated other comprehensive income 35.3 87.0
Treasury stock at cost, 29,172,342 and 26,535,104 shares, respectively (1,364.6 ) (1,257.8)
Total shareholders’ equity 2,483.4 2,397.2
Total liabilities and shareholders’ equity $ 6,899.7 $ 6,729.7
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.