ManpowerGroup 2013 Annual Report Download - page 54

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52
CONSOLIDATED STATEMENTS OF OPERATIONS
in millions, except per share data
ManpowerGroup 2013 Annual Report Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
in millions
Year Ended December 31 2013 2012 2011
Net earnings $ 288.0 $ 197.6 $ 251.6
Other comprehensive income (loss):
Foreign currency translation adjustments 52.7 0.2 (56.4)
Translation adjustments on net investment hedge, net of income taxes of
$(5.4), $(4.8), $7.9, respectively (9.5) (7.9) 12.9
Translation adjustments of long-term intercompany loans (0.2) 15.7 1.2
Unrealized (loss) gain on investments, net of income taxes of $(2.3), $1.1 and
$0.0, respectively (0.3) 3.6 0.2
Defined benefit pension plans and retiree health care plan, net of income
taxes of $5.2, $(4.3) and $(4.8), respectively 5.1 (12.5) (9.6)
Total other comprehensive income (loss) $ 47.8 $ (0.9) $ (51.7)
Comprehensive income $ 335.8 $ 196.7 $ 199.9
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
Year Ended December 31 2013 2012 2011
Revenues from services $ 20,250.5 $ 20,678.0 $ 22,006.0
Cost of services 16,883.8 17,236.0 18,299.7
Gross profit 3,366.7 3,442.0 3,706.3
Selling and administrative expenses 2,854.8 3,030.3 3,182.1
Operating profit 511.9 411.7 524.2
Interest and other expenses 36.4 43.3 44.3
Earnings before income taxes 475.5 368.4 479.9
Provision for income taxes 187.5 170.8 228.3
Net earnings $ 288.0 $ 197.6 $ 251.6
Net earnings per share — basic $ 3.69 $ 2.49 $ 3.08
Net earnings per share — diluted $ 3.62 $ 2.47 $ 3.04
Weighted average shares — basic 78.0 79.5 81.6
Weighted average shares — diluted 79.6 80.1 82.8