Annual Report 2011
Adecco Group –
Consolidated statements of operations
in millions, except share and per share information
For the fiscal years ended December 31 (in EUR) | Note | 2011 | 2010 | 2009 |
|
|
|
|
|
Revenues | 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 | (2,752) | (2,607) | (2,350) | |
Amortisation of intangible assets | (51) | (55) | (42) | |
Impairment of goodwill and intangible assets |
|
| (192) | |
Operating income | 763 | 667 | 65 | |
|
|
|
|
|
Interest expense |
| (71) | (63) | (55) |
Other income/(expenses), net | (6) | (1) | (1) | |
Income before income taxes |
| 686 | 603 | 9 |
|
|
|
|
|
Provision for income taxes | (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 | 2.72 | 2.20 | 0.04 | |
Basic weighted-average shares | 190,671,723 | 192,113,079 | 177,606,816 | |
|
|
|
|
|
Diluted earnings per share | 2.72 | 2.17 | 0.04 | |
Diluted weighted-average shares | 190,805,080 | 195,596,325 | 177,613,991 |
The accompanying notes are an integral part of these consolidated financial statements.
