MAN FY 2019 Earnings Report — ManpowerGroup Inc. Revenue & Financial Results | Market Cap Arena

ManpowerGroup Inc.MAN

FY 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$20.9B	—	$22.0B	—	-5.1%
Op. Income	$645M	—	$797M	—	-19.1%
Gross Margin	16.2%	—	16.3%	—	-0.1pp
Net Margin	2.2%	—	2.5%	—	-0.3pp
EPS (Diluted)	$7.72	—	$8.55	—	-9.7%
Free Cash Flow	$762M	—	$418M	—	82.0%

Revenue Flow

Item	Amount
REVENUE	$20.9B
Cost of Revenue	$17.5B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$20.2B
OPERATING INCOME	$645M
Interest Income	$6M
Interest Expense	$44M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$686M
Income Tax Expense	$220M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$466M
D&A	$77M
EBIT	$730M
EBITDA	$807M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$20.9B
Cost of Revenue	$17.5B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$2.7B
Cost & Expenses	$20.2B
OPERATING INCOME	$645M
Interest Income	$6M
Interest Expense	$44M
Other Income/Expenses	$41M
INCOME BEFORE TAX	$686M
Income Tax Expense	$220M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$466M
D&A	$77M
EBIT	$730M
EBITDA	$807M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$466M
Depreciation & Amortization	$77M
Stock-Based Compensation	$26M
Deferred Income Tax	-$43M
Other Non-Cash Items	$111M
Change in Working Capital	$177M
OPERATING CASH FLOW	$814M
Capital Expenditure	-$53M
Acquisitions (Net)	$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	$20M
Common Stock Repurchased	-$203M
Common Dividends Paid	-$129M
Other Financing Activities	-$25M
NET CASH FROM FINANCING	-$337M
FREE CASH FLOW	$762M
Net Change in Cash	$434M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$5.3B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.5B
PP&E (Net)	$592M
Goodwill	$1.3B
Intangible Assets	$269M
Long-Term Investments	$98M
Tax Assets	-$98M
Other Non-Current Assets	$619M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$9.2B
Account Payables	$2.5B
Short-Term Debt	$61M
Deferred Revenue	$0
Other Current Liabilities	$51M
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$672M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$6.5B
Common Stock	$1M
Additional Paid-In Capital	$3.4B
Retained Earnings	$3.5B
Treasury Stock	-$3.7B
Accum. Other Comp. Income	-$441M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$19M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$9.2B
Total Debt	$1.5B
Net Debt	$506M