ManpowerGroup 2012 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2012 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 90

  • 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
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

December 31 2012 2011
ASSETS
Current Assets
Cash and cash equivalents $ 648.1 $ 580.5
Accounts receivable, less allowance for doubtful accounts of $118.0 and $108.6, respectively 4,179.0 4,181.3
Prepaid expenses and other assets 172.9 176.3
Future income tax benefits 60.6 52.4
Total current assets 5,060.6 4,990.5
Other Assets
Goodwill 1,041.3 984.7
Intangible assets, less accumulated amortization of $213.2 and $176.1, respectively 330.6 354.9
Other assets 395.3 395.1
Total other assets 1,767.2 1,734.7
Property and Equipment
Land, buildings, leasehold improvements and equipment 704.1 685.6
Less: accumulated depreciation and amortization 519.3 511.1
Net property and equipment 184.8 174.5
Total assets $ 7,012.6 $ 6,899.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 1,466.5 $ 1,370.6
Employee compensation payable 210.7 221.9
Accrued liabilities 533.8 520.8
Accrued payroll taxes and insurance 685.7 712.4
Value added taxes payable 472.5 502.3
Short-term borrowings and current maturities of long-term debt 308.0 434.2
Total current liabilities 3,677.2 3,762.2
Other Liabilities
Long-term debt 462.1 266.0
Other long-term liabilities 372.5 388.1
Total other liabilities 834.6 654.1
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 109,543,492 and
109,076,337 shares, respectively 1.1 1.1
Capital in excess of par value 2,873.2 2,839.9
Retained earnings 1,101.5 971.7
Accumulated other comprehensive income 34.4 35.3
Treasury stock at cost, 32,896,063 and 29,172,342 shares, respectively (1,509.4) (1,364.6)
Total shareholders’ equity 2,500.8 2,483.4
Total liabilities and shareholders’ equity $7,012.6 $ 6,899.7
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
51
Consolidated Balance Sheets ManpowerGroup 2012 Annual Report