MAN FY 2006 Earnings Report — ManpowerGroup Inc. Revenue & Financial Results | Market Cap Arena

ManpowerGroup Inc.MAN

FY 2006 Earnings

Reported February 28, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$17.6B	—	—	—	—
Op. Income	$532M	—	—	—	—
Gross Margin	17.9%	—	—	—	—
Net Margin	2.3%	—	—	—	—
EPS (Diluted)	$4.54	—	—	—	—
Free Cash Flow	$279M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$14.4B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.6B
SG&A Expenses	$2.6B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$17.0B
OPERATING INCOME	$532M
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$482M
Income Tax Expense	$176M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$92M
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$89M
EBIT	$532M
EBITDA	$621M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$17.6B
Cost of Revenue	$14.4B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.6B
SG&A Expenses	$2.6B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$17.0B
OPERATING INCOME	$532M
Interest Income	$0
Interest Expense	$50M
Other Income/Expenses	-$50M
INCOME BEFORE TAX	$482M
Income Tax Expense	$176M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$92M
NET INCOME	$398M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$398M
D&A	$89M
EBIT	$532M
EBITDA	$621M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$398M
Depreciation & Amortization	$89M
Stock-Based Compensation	$0
Deferred Income Tax	-$20M
Other Non-Cash Items	$42M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$359M
Capital Expenditure	-$80M
Acquisitions (Net)	$111M
Purchases of Investments	$0
Sales/Maturities of Investments	$9M
Other Investing Activities	$5M
NET CASH FROM INVESTING	$45M
Net Debt Issuance	$2M
Common Stock Repurchased	-$236M
Common Dividends Paid	-$51M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$222M
FREE CASH FLOW	$279M
Net Change in Cash	$233M

Balance Sheet

Item	Amount
Cash & Equivalents	$688M
Short-Term Investments	$0
Net Receivables	$3.8B
Inventory	$0
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$4.7B
PP&E (Net)	$202M
Goodwill	$973M
Intangible Assets	$321M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$336M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$6.5B
Account Payables	$890M
Short-Term Debt	$32M
Deferred Revenue	$1.3B
Other Current Liabilities	$562M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$791M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$367M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$4.0B
Common Stock	$1M
Additional Paid-In Capital	$2.4B
Retained Earnings	$617M
Treasury Stock	-$685M
Accum. Other Comp. Income	$121M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$6.5B
Total Debt	$823M
Net Debt	$135M