Annual Report 2011
Adecco Group –
Selected financial information
in millions, except share and per share information
For the fiscal years (in EUR) | 2011 | 2010 | 2009 | 2008 | 2007 |
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Statements of operations |
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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 |
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| (192) | (116) |
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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 |
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Balance sheets |
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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 |
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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 |
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Cash flows from operations |
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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) |
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Other indicators |
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Capital expenditures | 109 | 105 | 92 | 106 | 91 |
As of | 31.12.2011 | 31.12.2010 | 31.12.2009 | 31.12.2008 | 31.12.2007 |
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Other indicators |
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Net debt (in EUR) [1] | 892 | 751 | 110 | 617 | 866 |
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Additional statistics |
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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.
