ManpowerGroup 2012 Annual Report Download - page 52

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CONSOLIDATED STATEMENTS OF OPERATIONS
in millions, except per share data
Year Ended December 31 2012 2011 2010
Revenues from services $ 20,678.0 $ 22,006.0 $ 18,866.5
Cost of services 17,236.0 18,299.7 15,621.1
Gross profit 3,442.0 3,706.3 3,245.4
Selling and administrative expenses, excluding impairment charges 3,030.3 3,182.1 2,938.6
Goodwill and intangible asset impairment charges —— 428.8
Selling and administrative expenses 3,030.3 3,182.1 3,367.4
Operating profit (loss) 411.7 524.2 (122.0)
Interest and other expenses 43.3 44.3 43.2
Earnings (loss) before income taxes 368.4 479.9 (165.2)
Provision for income taxes 170.8 228.3 98.4
Net earnings (loss) $ 197.6 $ 251.6 $ (263.6)
Net earnings (loss) per share — basic $ 2.49 $ 3.08 $ (3.26)
Net earnings (loss) per share — diluted $ 2.47 $ 3.04 $ (3.26)
Weighted average shares — basic 79.5 81.6 81.0
Weighted average shares — diluted 80.1 82.8 81.0
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
in millions
Year Ended December 31 2012 2011 2010
Net earnings (loss) $ 197.6 $ 251.6 $ (263.6)
Other comprehensive loss:
Foreign currency translation adjustments 0.2 (56.4) (46.3)
Translation adjustments on net investment hedge, less income taxes of
$(4.8), $7.9 and $18.0, respectively (7.9) 12.9 29.3
Translation adjustments of long-term intercompany loans 15.7 1.2 2.6
Unrealized gain on investments, less income taxes of $1.1, $0.0 and
$0.4, respectively 3.6 0.2 1.4
Defined benefit pension plans and retiree health care plan, less income
taxes of $(4.3), $(4.8) and $(3.3), respectively (12.5) (9.6) (6.9)
Total other comprehensive loss $ (0.9) $ (51.7) $ (19.9)
Comprehensive income (loss) $ 196.7 $ 199.9 $ (283.5)
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
50 ManpowerGroup 2012 Annual Report Consolidated Statements of Operations