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53
Consolidated Balance Sheets ManpowerGroup 2013 Annual Report
CONSOLIDATED BALANCE SHEETS
in millions, except share and per share data
December 31 2013 2012
ASSETS
Current Assets
Cash and cash equivalents $ 737.6 $ 648.1
Accounts receivable, less allowance for doubtful accounts of $118.6 and $118.0, respectively 4,277.9 4,179.0
Prepaid expenses and other assets 161.3 172.9
Future income tax benefits 66.2 60.6
Total current assets 5,243.0 5,060.6
Other Assets
Goodwill 1,090.9 1,041.3
Intangible assets, less accumulated amortization of $247.9 and $213.2, respectively 309.1 330.6
Other assets 479.3 395.3
Total other assets 1,879.3 1,767.2
Property and Equipment
Land, buildings, leasehold improvements and equipment 706.2 704.1
Less: accumulated depreciation and amortization 540.2 519.3
Net property and equipment 166.0 184.8
Total assets $ 7,288.3 $ 7,012.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 1,523.9 $ 1,466.5
Employee compensation payable 230.4 210.7
Accrued liabilities 536.1 533.8
Accrued payroll taxes and insurance 680.7 685.7
Value added taxes payable 502.5 472.5
Short-term borrowings and current maturities of long-term debt 36.0 308.0
Total current liabilities 3,509.6 3,677.2
Other Liabilities
Long-term debt 481.9 462.1
Other long-term liabilities 382.6 372.5
Total other liabilities 864.5 834.6
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 112,014,673 and
109,543,492 shares, respectively 1.1 1.1
Capital in excess of par value 3,014.0 2,873.2
Retained earnings 1,317.5 1,101.5
Accumulated other comprehensive income 82.2 34.4
Treasury stock at cost, 32,658,685 and 32,896,063 shares, respectively (1,500.6) (1,509.4)
Total shareholders’ equity 2,914.2 2,500.8
Total liabilities and shareholders’ equity $ 7,288.3 $ 7,012.6
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.