ManpowerGroup 2012 Annual Report Download - page 80

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Year Ended December 31 2012 2011 2010
Revenues from Services
(a)
Americas:
United States
(b)
$ 3,010.5 $ 3,137.3 $ 2,783.4
Other Americas 1,585.4 1,512.1 1,265.5
4,595.9 4,649.4 4,048.9
Southern Europe:
France 5,425.6 6,179.1 5,208.6
Italy 1,056.8 1,255.8 1,044.2
Other Southern Europe 768.5 776.9 698.9
7,250.9 8,211.8 6,951.7
Northern Europe 5,773.9 6,159.4 5,344.1
APME 2,728.8 2,661.7 2,147.2
Right Management 328.5 323.7 374.6
$ 20,678.0 $ 22,006.0 $ 18,866.5
Operating Unit Profit (Loss)
Americas:
United States $ 60.8 $ 94.1 $ 42.8
Other Americas 50.6 47.8 36.5
111.4 141.9 79.3
Southern Europe:
France 56.7 85.2 47.1
Italy 45.4 74.1 47.5
Other Southern Europe 10.1 10.8 7.2
112.2 170.1 101.8
Northern Europe 159.8 212.6 150.2
APME 90.7 78.8 47.2
Right Management 13.4 (1.4) 3.5
487.5 602.0 382.0
Corporate expenses (112.0) (123.1) (101.2)
Goodwill and intangible asset impairment charges —— (428.8)
Intangible asset amortization expense
(c)
(36.7) (38.9) (39.3)
Reclassification of French business tax
(d)
72.9 84.2 65.3
Interest and other expenses (43.3) (44.3) (43.2)
Earnings (loss) before income taxes $ 368.4 $ 479.9 $ (165.2)
(a) Further breakdown of revenues from services by geographical region is as follows:
Revenues from Services 2012 2011 2010
United States $ 3,132.0 $ 3,254.6 $ 2,940.1
France 5,448.3 6,201.9 5,240.7
Italy 1,061.6 1,277.1 1,065.0
United Kingdom 1,898.1 1,880.4 1,822.2
Total Foreign 17,546.0 18,751.4 15,926.4
(b) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations,
which are discussed further on the financial highlights page.
(c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and
shown separately.
(d) The French business tax is reported in provision for income taxes rather than in cost of services, in accordance with the current accounting guidance
on income taxes. However, we view this tax as operational in nature. Accordingly, the financial information reviewed internally continues to include the
French business tax within the operating unit profit of our France reportable segment. Therefore, we have shown the amount of the French business
tax above to reconcile to our earnings (loss) before income taxes.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
in millions, except share and per share data
78 ManpowerGroup 2012 Annual Report Notes to Consolidated Financial Statements