MAN FY 2021 Earnings Report — ManpowerGroup Inc. Revenue & Financial Results | Market Cap Arena

ManpowerGroup Inc.MAN

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$20.7B	—	$18.0B	—	15.1%
Op. Income	$585M	—	$371M	—	57.8%
Gross Margin	16.4%	—	15.7%	—	0.8pp
Net Margin	1.8%	—	0.1%	—	1.7pp
EPS (Diluted)	$6.90	—	$0.41	—	1582.9%
Free Cash Flow	$581M	—	$886M	—	-34.4%

Revenue Flow

Item	Amount
REVENUE	$20.7B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.8B
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$20.1B
OPERATING INCOME	$585M
Interest Income	$12M
Interest Expense	$39M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$568M
Income Tax Expense	$186M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$382M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$382M
D&A	$73M
EBIT	$607M
EBITDA	$680M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$20.7B
Cost of Revenue	$17.3B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.8B
Other Expenses	$0
Operating Expenses	$2.8B
Cost & Expenses	$20.1B
OPERATING INCOME	$585M
Interest Income	$12M
Interest Expense	$39M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$568M
Income Tax Expense	$186M
Net Income from Continuing Ops	$382M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$382M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$382M
D&A	$73M
EBIT	$607M
EBITDA	$680M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$382M
Depreciation & Amortization	$73M
Stock-Based Compensation	$37M
Deferred Income Tax	-$1M
Other Non-Cash Items	$18M
Change in Working Capital	$136M
OPERATING CASH FLOW	$645M
Capital Expenditure	-$64M
Acquisitions (Net)	-$924M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$987M
Net Debt Issuance	$70M
Common Stock Repurchased	-$210M
Common Dividends Paid	-$137M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$284M
FREE CASH FLOW	$581M
Net Change in Cash	-$719M

Balance Sheet

Item	Amount
Cash & Equivalents	$848M
Short-Term Investments	$0
Net Receivables	$5.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$490M
Goodwill	$1.7B
Intangible Assets	$584M
Long-Term Investments	$114M
Tax Assets	-$114M
Other Non-Current Assets	$610M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$9.8B
Account Payables	$3.0B
Short-Term Debt	$553M
Deferred Revenue	$35M
Other Current Liabilities	$140M
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$566M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$675M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$7.3B
Common Stock	$1M
Additional Paid-In Capital	$3.4B
Retained Earnings	$3.6B
Treasury Stock	-$4.2B
Accum. Other Comp. Income	-$389M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$10M
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$1.4B
Net Debt	$546M