Annual Report 2011

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

Download xls sheet

For the fiscal years ended December 31 (in EUR)

Note

2011

2010

2009

 

 

 

 

 

Revenues

16

20,545

18,656

14,797

Direct costs of services

 

(16,979)

(15,327)

(12,148)

Gross profit

 

3,566

3,329

2,649

 

 

 

 

 

Selling, general, and administrative expenses

6

(2,752)

(2,607)

(2,350)

Amortisation of intangible assets

5

(51)

(55)

(42)

Impairment of goodwill and intangible assets

5

 

 

(192)

Operating income

16

763

667

65

 

 

 

 

 

Interest expense

 

(71)

(63)

(55)

Other income/(expenses), net

13

(6)

(1)

(1)

Income before income taxes

 

686

603

9

 

 

 

 

 

Provision for income taxes

14

(166)

(179)

(1)

Net income

 

520

424

8

 

 

 

 

 

Net income attributable to noncontrolling interests

 

(1)

(1)

 

Net income attributable to Adecco shareholders

 

519

423

8

 

 

 

 

 

Basic earnings per share

15

2.72

2.20

0.04

Basic weighted-average shares

15

190,671,723

192,113,079

177,606,816

 

 

 

 

 

Diluted earnings per share

15

2.72

2.17

0.04

Diluted weighted-average shares

15

190,805,080

195,596,325

177,613,991

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