ManpowerGroup 2014 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2014 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 98

  • 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
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

ManpowerGroup | Annual Report 2014 53
Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF OPERATIONS
in millions, except per share data
Year Ended December 31 2014 2013 2012
Revenues from services $ 20,762.8 $ 20,250.5 $ 20,678.0
Cost of services 17,274.6 16,883.8 17,236.0
Gross profit 3,488.2 3,366.7 3,442.0
Selling and administrative expenses 2,768.3 2,854.8 3,030.3
Operating profit 719.9 511.9 411.7
Interest and other expenses 38.3 36.4 43.3
Earnings before income taxes 681.6 475.5 368.4
Provision for income taxes 254.0 187.5 170.8
Net earnings $ 427.6 $ 288.0 $ 197.6
Net earnings per share — basic $ 5.38 $ 3.69 $ 2.49
Net earnings per share — diluted $ 5.30 $ 3.62 $ 2.47
Weighted average shares — basic 79.5 78.0 79.5
Weighted average shares — diluted 80.7 79.6 80.1
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
in millions
Year Ended December 31 2014 2013 2012
Net earnings $ 427.6 $ 288.0 $ 197.6
Other comprehensive (loss) income:
Foreign currency translation adjustments (265.9) 52.7 0.2
Translation adjustments on net investment hedge, net of income taxes of
$20.3, $(5.4) and $(4.8), respectively 36.1 (9.5) (7.9)
Translation adjustments of long-term intercompany loans 0.2 (0.2) 15.7
Unrealized gain (loss) on investments, net of income taxes of $2.1, $(2.3) and
$1.1, respectively 5.2 (0.3) 3.6
Defined benefit pension plans and retiree health care plan, net of income
taxes of $(8.6), $5.2 and $(4.3), respectively (13.0) 5.1 (12.5)
Total other comprehensive (loss) income $ (237.4) $ 47.8 $ (0.9)
Comprehensive income $ 190.2 $ 335.8 $ 196.7
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.