Annual Report 2011

Adecco Group –
Selected financial information
in millions, except share and per share information

Download xls sheet

For the fiscal years (in EUR)

2011

2010

2009

2008

2007

 

 

 

 

 

 

Statements of operations

 

 

 

 

 

Revenues

20,545

18,656

14,797

19,965

21,090

Amortisation of intangible assets

(51)

(55)

(42)

(44)

(27)

Impairment of goodwill and intangible assets

 

 

(192)

(116)

 

Operating income

763

667

65

748

1,054

Net income attributable to Adecco shareholders

519

423

8

495

735

 

As of (in EUR)

31.12.2011

31.12.2010

31.12.2009

31.12.2008

31.12.2007

 

 

 

 

 

 

Balance sheets

 

 

 

 

 

Cash and cash equivalents and short-term investments

534

554

1,460

581

563

Trade accounts receivable, net

3,725

3,541

2,560

3,046

3,773

Goodwill

3,455

3,273

2,657

2,666

2,646

Total assets

9,354

8,879

7,831

7,530

8,254

 

 

 

 

 

 

Short-term debt and current maturities of long-term debt

236

217

456

56

357

Accounts payable and accrued expenses

3,545

3,472

2,716

3,053

3,476

Long-term debt, less current maturities

1,190

1,088

1,114

1,142

1,072

Total liabilities

5,543

5,312

4,717

4,732

5,374

Total shareholders’ equity

3,811

3,567

3,114

2,798

2,880

 

For the fiscal years (in EUR)

2011

2010

2009

2008

2007

 

 

 

 

 

 

Cash flows from operations

 

 

 

 

 

Cash flows from operating activities

524

455

477

1,054

1,062

Cash used in investing activities

(317)

(1,020)

(278)

(210)

(941)

Cash flows from/(used in) financing activities

(224)

(385)

652

(800)

(424)

 

 

 

 

 

 

Other indicators

 

 

 

 

 

Capital expenditures

109

105

92

106

91

 

As of

31.12.2011

31.12.2010

31.12.2009

31.12.2008

31.12.2007

 

 

 

 

 

 

Other indicators

 

 

 

 

 

Net debt (in EUR) [1]

892

751

110

617

866

 

 

 

 

 

 

Additional statistics

 

 

 

 

 

Number of FTE employees at year end (approximate)

33,000

32,000

28,000

34,000

37,000

[1]Net debt is a non-U.S. GAAP measure and comprises short-term and long-term debt, less cash and cash equivalents and short-term investments. The calculation of net debt based upon financial measures in accordance with U.S. GAAP is presented on page 42.