ManpowerGroup 2014 Annual Report Download - page 56

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54
Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
in millions, except share and per share data
December 31 2014 2013
ASSETS
Current Assets
Cash and cash equivalents $ 699.2 $ 737.6
Accounts receivable, less allowance for doubtful accounts of $111.4 and $118.6, respectively 4,134.5 4,277.9
Prepaid expenses and other assets 147.8 161.3
Future income tax benefits 52.2 66.2
Total current assets 5,033.7 5,243.0
Other Assets
Goodwill 1,075.2 1,090.9
Intangible assets, less accumulated amortization of $276.2 and $247.9, respectively 286.8 309.1
Other assets 637.7 479.3
Total other assets 1,999.7 1,879.3
Property and Equipment
Land, buildings, leasehold improvements and equipment 633.5 706.2
Less: accumulated depreciation and amortization 484.4 540.2
Net property and equipment 149.1 166.0
Total assets $ 7,182.5 $ 7,288.3
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable $ 1,542.7 $ 1,523.9
Employee compensation payable 204.5 230.4
Accrued liabilities 493.3 536.1
Accrued payroll taxes and insurance 622.4 680.7
Value added taxes payable 466.3 502.5
Short-term borrowings and current maturities of long-term debt 45.2 36.0
Total current liabilities 3,374.4 3,509.6
Other Liabilities
Long-term debt 423.9 481.9
Other long-term liabilities 441.2 382.6
Total other liabilities 865.1 864.5
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 112,876,552
and 112,014,673 shares, respectively 1.1 1.1
Capital in excess of par value 3,084.2 3,014.0
Retained earnings 1,667.8 1,317.5
Accumulated other comprehensive (loss) income (155.2) 82.2
Treasury stock at cost, 34,762,316 and 32,658,685 shares, respectively (1,654.9) (1,500.6)
Total shareholders’ equity 2,943.0 2,914.2
Total liabilities and shareholders’ equity $ 7,182.5 $ 7,288.3
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.