MAN FY 2014 Earnings Report — ManpowerGroup Inc. Revenue & Financial Results | Market Cap Arena

ManpowerGroup Inc.MAN

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$20.8B	—	$20.3B	—	2.5%
Op. Income	$720M	—	$512M	—	40.6%
Gross Margin	16.8%	—	16.6%	—	0.2pp
Net Margin	2.1%	—	1.4%	—	0.6pp
EPS (Diluted)	$5.30	—	$3.62	—	46.4%
Free Cash Flow	$255M	—	$352M	—	-27.6%

Revenue Flow

Item	Amount
REVENUE	$20.8B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$20.0B
OPERATING INCOME	$720M
Interest Income	$4M
Interest Expense	$36M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$682M
Income Tax Expense	$254M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$84M
EBIT	$718M
EBITDA	$802M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$20.8B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.8B
SG&A Expenses	$2.8B
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$20.0B
OPERATING INCOME	$720M
Interest Income	$4M
Interest Expense	$36M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$682M
Income Tax Expense	$254M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$84M
EBIT	$718M
EBITDA	$802M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$428M
Depreciation & Amortization	$84M
Stock-Based Compensation	$41M
Deferred Income Tax	$54M
Other Non-Cash Items	$14M
Change in Working Capital	-$314M
OPERATING CASH FLOW	$306M
Capital Expenditure	-$52M
Acquisitions (Net)	-$32M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$81M
Net Debt Issuance	$13M
Common Stock Repurchased	-$144M
Common Dividends Paid	-$77M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$188M
FREE CASH FLOW	$255M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$699M
Short-Term Investments	$0
Net Receivables	$4.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$149M
Goodwill	$1.1B
Intangible Assets	$287M
Long-Term Investments	$132M
Tax Assets	-$132M
Other Non-Current Assets	$638M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$7.2B
Account Payables	$1.5B
Short-Term Debt	$45M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$423M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$443M
TOTAL NON-CURRENT LIABILITIES	$865M
TOTAL LIABILITIES	$4.2B
Common Stock	$1M
Additional Paid-In Capital	$3.1B
Retained Earnings	$1.7B
Treasury Stock	-$1.7B
Accum. Other Comp. Income	-$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$469M
Net Debt	-$230M