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Adecco Group –
Consolidated statements of operations
in millions, except share and per share information

For the fiscal years ended December 31 (in EUR)

Note

2010

2009

2008

 

 

 

 

 

Revenues

16

18,656

14,797

19,965

Direct costs of services

 

(15,327)

(12,148)

(16,292)

Gross profit

 

3,329

2,649

3,673

 

 

 

 

 

Selling, general and administrative expenses

6

(2,607)

(2,350)

(2,765)

Amortisation of intangible assets

5

(55)

(42)

(44)

Impairment of goodwill and intangible assets

5

 

(192)

(116)

Operating income

16

667

65

748

 

 

 

 

 

Interest expense

 

(63)

(55)

(58)

Other income/(expenses), net

13

(1)

(1)

19

Income before income taxes

 

603

9

709

 

 

 

 

 

Provision for income taxes

14

(179)

(1)

(210)

Net income

 

424

8

499

 

 

 

 

 

Net income attributable to noncontrolling interests

 

(1)

 

(4)

Net income attributable to Adecco shareholders

 

423

8

495

 

 

 

 

 

Basic earnings per share

15

2.20

0.04

2.82

Basic weighted-average shares

15

192,113,079

177,606,816

175,414,832

 

 

 

 

 

Diluted earnings per share

15

2.17

0.04

2.71

Diluted weighted-average shares

15

195,596,325

177,613,991

184,859,650

The accompanying notes are an integral part of these consolidated financial statements.