MAN FY 2013 Earnings Report — ManpowerGroup Inc. Revenue & Financial Results | Market Cap Arena

ManpowerGroup Inc.MAN

FY 2013 Earnings

Reported February 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$20.3B	—	$20.7B	—	-2.1%
Op. Income	$512M	—	$412M	—	24.3%
Gross Margin	16.6%	—	16.6%	—	-0.0pp
Net Margin	1.4%	—	1.0%	—	0.5pp
EPS (Diluted)	$3.62	—	$2.47	—	46.6%
Free Cash Flow	$352M	—	$260M	—	35.6%

Revenue Flow

Item	Amount
REVENUE	$20.3B
Cost of Revenue	$16.9B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$0
Operating Expenses	$2.9B
Cost & Expenses	$19.7B
OPERATING INCOME	$512M
Interest Income	$4M
Interest Expense	$37M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$476M
Income Tax Expense	$188M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$94M
EBIT	$513M
EBITDA	$607M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$20.3B
Cost of Revenue	$16.9B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.9B
SG&A Expenses	$2.9B
Other Expenses	$0
Operating Expenses	$2.9B
Cost & Expenses	$19.7B
OPERATING INCOME	$512M
Interest Income	$4M
Interest Expense	$37M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$476M
Income Tax Expense	$188M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$94M
EBIT	$513M
EBITDA	$607M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$288M
Depreciation & Amortization	$94M
Stock-Based Compensation	$32M
Deferred Income Tax	$17M
Other Non-Cash Items	$17M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$397M
Capital Expenditure	-$45M
Acquisitions (Net)	-$46M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$271M
Common Stock Repurchased	$0
Common Dividends Paid	-$72M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$226M
FREE CASH FLOW	$352M
Net Change in Cash	$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$738M
Short-Term Investments	$0
Net Receivables	$4.3B
Inventory	$0
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$166M
Goodwill	$1.1B
Intangible Assets	$309M
Long-Term Investments	$140M
Tax Assets	-$140M
Other Non-Current Assets	$479M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$7.3B
Account Payables	$1.5B
Short-Term Debt	$36M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$482M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$383M
TOTAL NON-CURRENT LIABILITIES	$865M
TOTAL LIABILITIES	$4.4B
Common Stock	$1M
Additional Paid-In Capital	$3.0B
Retained Earnings	$1.3B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	$82M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$518M
Net Debt	-$220M