MANPOWERGROUP INC. MAN Cash Flow

Manpowergroup inc. (MAN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows from Operating Activities:
Net earnings
1,700	138,800	146,100	127,300	53,500	158,300	158,000	143,400	97,000	216,300	137,700	117,000	74,400	127,400	129,200	115,400	71,700	123,900	123,900	105,700	65,700	117,200	130,500	109,800	70,100	101,200	94,700	68,200	23,900	53,300	63,100	41,000	40,200	63,600	79,600	72,700	35,700	-350,400	51,300	32,700	2,800
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
18,600	20,100	18,100	19,600	19,400	21,000	21,900	21,200	21,700	22,100	21,600	20,400	20,300	21,300	21,400	21,300	21,300	20,600	19,500	18,900	18,700	19,500	21,100	21,600	21,600	23,400	22,900	23,800	24,200	25,500	25,800	24,900	24,300	26,100	26,200	26,200	25,900	29,900	29,700	29,100	21,400
Deferred income taxes
-5,000	-50,800	-5,900	11,700	2,000	-2,400	7,100	-4,700	-11,900	-237,200	14,300	12,500	13,600	37,600	6,600	15,400	14,400	18,600	27,100	27,300	18,200	47,100	1,900	6,500	-1,500	17,100	-3,400	600	2,700	-700	-7,200	-2,900	-800	27,400	-9,700	10,000	-2,900	-23,600	-38,000	2,600	-9,500
Provision for doubtful accounts
5,200	4,900	5,400	7,200	4,300	7,500	4,600	5,800	5,100	4,400	3,700	4,100	5,900	5,900	5,300	5,100	4,100	3,100	4,200	3,700	5,300	3,900	4,700	3,700	6,600	5,000	5,600	7,600	5,900	11,200	8,000	5,000	5,000	6,400	5,100	8,500	5,900	6,900	8,500	9,400	4,100
Share-based compensation
4,600	7,500	5,900	8,300	4,600	8,300	6,700	5,300	7,500	7,300	6,600	7,600	7,200	6,100	6,100	7,700	7,200	8,200	8,100	8,100	6,700	6,300	10,400	13,100	10,800	8,700	8,000	8,300	6,500	7,200	7,900	8,000	6,900	6,700	8,200	8,300	8,200	6,200	6,400	6,000	5,500
Excess tax benefit on exercise of share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	700	0	0	100	2,600	4,000	600	200	1,100	500	700	2,200	2,800	4,000	200	300	300	0	0	0	100	2,300	-600	-500	2,100	0	-700	-100
Changes in operating assets and liabilities, excluding the impact of acquisitions:
Accounts receivable
-378,300	19,300	-60,000	150,300	-29,400	5,600	8,800	198,700	-66,700	145,400	140,700	309,100	-50,300	39,900	94,500	227,000	-44,200	38,100	51,600	225,800	54,300	-84,900	131,800	251,400	-27,800	-46,200	9,800	139,200	-20,200	-246,000	70,000	162,100	-34,400	-104,600	946,800	-212,200	-212,900	1,438,300	-250,100	-353,000	-127,100
Other assets
-	-18,600	-22,400	-100,700	19,400	-26,900	54,100	-158,500	72,600	61,100	43,500	29,100	-65,100	21,200	117,000	27,100	-90,000	49,400	-83,700	25,800	68,200	62,000	37,600	43,300	55,800	-65,200	40,000	44,000	17,100	300	-8,200	400	16,700	16,700	82,900	-45,100	-6,300	-27,800	44,200	9,300	-35,600
Other liabilities
-222,400	311,200	-51,700	3,500	8,100	-32,900	-9,000	103,200	-171,900	307,000	139,800	133,600	-45,800	61,000	183,300	186,700	-88,200	144,400	33,100	105,000	30,400	-14,500	122,200	140,200	-92,900	21,000	109,300	65,600	-128,300	4,300	-10,800	67,600	-114,000	-75,400	86,100	99,800	-12,800	127,100	157,300	241,900	95,500
Cash provided by operating activities
181,000	319,000	218,300	175,200	101,900	181,100	126,400	234,000	-58,400	113,400	139,500	-43,000	191,000	197,500	140,400	97,500	164,600	228,700	244,000	16,500	22,300	201,300	120,900	-500	-15,500	285,000	183,300	-9,300	-62,300	346,200	25,000	-18,900	-20,700	142,600	118,700	-32,400	-159,700	238,500	9,300	-22,700	-43,000
Cash Flows from Investing Activities:
Capital expenditures
9,100	16,700	12,200	14,000	10,000	24,900	13,000	14,100	12,700	14,500	14,700	14,700	10,800	14,300	11,800	14,200	16,600	19,000	13,200	10,200	9,900	18,700	12,200	12,300	8,300	11,100	8,500	12,300	12,800	23,400	14,800	14,100	19,700	19,000	18,300	16,400	11,200	16,700	13,900	20,100	7,800
Acquisitions of businesses, net of cash acquired
-	-	-	-	-	900	0	0	8,200	5,400	6,100	9,500	11,700	700	15,700	27,400	13,800	19,800	210,300	20,300	10,100	6,900	1,400	14,300	9,400	28,100	1,300	16,900	0	3,000	12,000	32,500	1,500	16,900	16,900	15,200	0	9,400	2,100	258,400	100
Proceeds from the sale of subsidiaries, investments, property and equipment
800	8,800	0	4,500	3,500	11,100	1,100	800	5,900	1,000	8,800	2,400	700	600	1,100	2,000	400	9,900	1,300	3,200	300	800	1,000	300	0	800	900	1,100	600	1,300	1,500	800	100	100	1,500	1,700	1,100	1,800	800	2,000	300
Cash used in investing activities
-8,300	-	-	105,200	-6,500	-14,700	-11,900	-13,300	-15,000	-18,900	-12,000	-21,800	-21,800	-14,400	-26,400	-39,600	-30,000	-28,900	-222,200	-27,300	-19,700	-24,800	-12,600	-26,300	-17,700	-38,400	-8,900	-28,100	-12,200	-25,100	-25,300	-45,800	-21,100	-35,800	-33,700	-29,900	-10,100	-24,300	-15,200	-276,500	-7,600
Cash Flows from Financing Activities:
Net change in short-term borrowings
-9,600	13,200	1,000	-5,300	2,300	8,500	-500	-200	-4,300	7,900	1,800	-600	-3,600	3,600	11,100	-5,100	-9,900	6,400	-500	-5,200	3,400	5,800	-5,700	2,600	13,300	-4,600	-38,700	35,400	2,200	1,700	-13,000	-4,900	9,500	9,300	1,900	-5,200	9,600	3,900	-14,000	-5,700	200
Proceeds from long-term debt
300	600	1,400	7,200	400	0	0	583,300	0	-	-	-	-	-	-	-	-	100	453,800	0	100	0	0	0	0	-	-	-	-	0	0	751,500	100	700	0	0	100	400	0	-100	1,500
Repayments of long-term debt
100	600	600	0	100	300	200	408,000	100	100	100	100	100	100	300	100	5,900	100	400	300	1,200	1,000	400	600	600	800	1,200	267,200	300	1,000	1,600	692,200	8,400	700	300	0	100	100	200	1,500	-700
Payments of contingent consideration for acquisitions
-	0	0	22,200	600	0	3,500	6,400	8,700	100	0	0	12,900	0	0	2,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from share-based awards and other equity transactions
10,000	-	-	-	900	-	-	-	3,600	3,400	6,700	300	33,800	12,500	3,600	-500	2,400	4,300	70,700	16,900	12,200	1,200	5,400	12,900	6,000	35,200	50,800	4,800	10,200	1,200	900	400	3,500	10,700	1,000	12,600	5,200	12,100	200	9,900	4,900
Payments to noncontrolling interests
-	-	-	-	-	0	0	1,200	700	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other share-based award transactions
-6,500	100	0	-1,900	-5,400	0	0	-500	-16,800	100	-1,900	-500	-15,800	1,200	-3,400	0	-3,200	700	4,900	1,300	-7,600	-800	600	2,100	-8,200	4,100	9,000	2,000	1,000	-1,500	0	-300	-4,500	100	100	600	500	-	-	-	-
Excess tax benefit on exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	100
Repurchases of common stock
63,800	51,000	51,000	0	101,000	201,500	186,000	63,100	50,100	25,900	62,200	58,800	57,000	19,600	172,100	172,800	117,700	57,000	354,500	129,100	39,600	70,900	55,900	0	16,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in financing activities
-69,700	-100,800	-48,200	-84,900	-103,500	-254,200	-189,500	35,900	-77,100	-86,200	-55,600	-121,900	-55,600	-60,000	-161,100	-242,200	-134,300	-104,500	171,500	-178,500	-32,700	-104,000	-56,000	-22,000	-6,200	-2,300	23,400	-260,400	13,100	-127,100	-25,300	-12,400	200	-74,000	-21,200	-43,600	15,300	-13,400	-48,800	-25,900	6,000
Effect of exchange rate changes on cash
-29,300	16,700	-34,700	8,600	-17,500	-2,900	-9,900	-41,300	13,700	13,800	21,900	35,400	12,300	-27,700	3,900	-17,000	16,800	-17,300	-6,700	27,600	-41,500	-34,000	-30,100	-9,200	-1,700	4,600	10,000	-4,700	-3,300	9,500	15,600	-21,800	14,600	-15,800	-43,800	-100	31,400	-26,500	100,500	-66,200	-26,200
Change in cash and cash equivalents
73,700	218,700	36,700	204,100	-25,600	-90,700	-84,900	215,300	-136,800	22,100	93,800	-151,300	125,900	95,400	-43,200	-201,300	17,100	78,000	186,600	-161,700	-71,600	38,500	22,200	-58,000	-41,100	248,900	207,800	-302,500	-64,700	203,500	-10,000	-98,900	-27,000	17,000	20,000	-106,000	-123,100	174,300	45,800	-391,300	-70,800
Supplemental Cash Flow Information:
Cash paid during the period for:
Interest Paid
6,000	6,900	14,100	16,400	5,000	5,000	13,800	24,700	6,400	2,900	11,400	19,900	2,800	3,000	10,800	20,300	2,500	3,500	3,400	21,700	3,600	3,400	4,400	25,300	3,500	2,900	2,600	35,400	2,600	800	4,000	32,300	2,800	3,400	2,600	35,100	2,100	2,700	2,300	36,200	3,800
Income taxes paid, net
19,800	76,200	28,200	57,500	17,300	20,400	57,500	90,100	16,600	39,500	31,200	41,300	15,100	57,300	53,100	48,100	5,400	10,000	71,900	-25,000	19,000	36,000	42,800	9,800	17,200	17,300	25,500	30,800	-13,300	48,400	26,400	31,000	17,200	45,200	30,200	40,000	55,300	12,300	14,400	36,400	15,300
Non-cash operating activity: Right-of-use assets obtained in exchange for new operating lease liabilities
15,300	40,500	19,100	55,300	14,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-