MAN

Market cap $8.1232B
Enterprise value $8.354B
Employees 28,000
Revenue $21B
EBITDA $873M
Income $545M
EPS 8.04
P/E 15.25
Forward P/E 13.31
EV/EBITDA 9.57
PEG 1.46
Earnings date 2018-04-19
Volume 275k / 408k
Relative vol. 0.67 ×
Sales Q/Q 10.26%
Sales Y/Y -2.61%
Est. EPS Q/Q 51.38%
Beta 1.12
Mean Recomm. 2.30
IPO year 1991
Country United States
RSI 50.13
Range $120.88 – $122.64
52 weeks $97.02 – $136.93
SMA 50 $127 +3.34%
SMA 200 $122 -0.62%
1 year target $136 +11.04%

Intraday

5 days

1 month

3 months

6 months

1 year

5 years

10 years

All time

Recent Manpower news

Thursday, 8 February 2018
-5.93%
prnewswire
Everest Group Names ManpowerGroup Solutions' TAPFIN Managed Service Provider as Regional Leader in the Asia Pacific Region
Monday, 5 February 2018
-3.28%
zacks
ManpowerGroup Beats Q4 Earnings and Revenue Estimates
markit
See what the IHS Markit Score report has to say about ManpowerGroup Inc.
prnewswire
ManpowerGroup Appoints Dr. Tomas Chamorro-Premuzic as Chief Talent Scientist to Lead New Assessment Center of Excellence
Friday, 2 February 2018
-5.67%
ap
Manpower beats Street 4Q forecasts
prnewswire
ManpowerGroup Reports 4th Quarter and Full Year 2017 Results
Wednesday, 31 January 2018
-0.58%
globenewswire
Analysis: Positioning to Benefit within Alliqua BioMedical, Donegal Group, QAD, ManpowerGroup, Acorda Therapeutics, and Arena Pharmaceuticals — Research Highlights Growth, Revenue, and Consolidated Results
Tuesday, 23 January 2018
-1.12%
prnewswire
From C-Suite to Digital Suite: ManpowerGroup Leads Conversation on Digital Leadership and How Organizations Can Balance Machine and Human Intelligence at the World Economic Forum Annual Meeting
Monday, 22 January 2018
+0.98%
zacks
Manpower Aids Business Digitization With New Technologies
prnewswire
Digitize, Transform and Lead: ManpowerGroup Introduces Avatar 'Zara' and Launches new DigiQuotient to Assess Readiness to Lead through Digital Transformation
Friday, 19 January 2018
+1.03%
prnewswire
Robots Need Not Apply: New ManpowerGroup Research Finds Human Strengths are the Solution to the Skills Revolution
Thursday, 11 January 2018
+0.19%
zacks
Manpower Poised to Gain From Improved Labor Market
Tuesday, 9 January 2018
-0.28%
prnewswire
ManpowerGroup to Announce 4th Quarter 2017 Earnings Results
Tuesday, 12 December 2017
-1.50%
bizjournals
A quarter of Wisconsin businesses expect to hire in first 3 months of 2018, ManpowerGroup survey says
prnewswire
Job Prospects Warm Up for Winter: U.S. Employers Report the Most Optimistic Hiring Outlook in a Decade
Wednesday, 29 November 2017
-0.53%
prnewswire
EcoVadis Gold rating puts ManpowerGroup U.S. in top 5 percent of companies worldwide for Corporate Social Responsibility
Monday, 27 November 2017
-0.10%
globenewswire
Research Report Identifies Walker & Dunlop, Vanda Pharmaceuticals, Acushnet, SS&C Technologies, ManpowerGroup, and Glaukos with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
Sunday, 26 November 2017
simplywall.st
What You Must Know About ManpowerGroup Inc’s Financial Health
Friday, 24 November 2017
+0.00%
simplywall.st
Calculating The Intrinsic Value Of ManpowerGroup Inc
Wednesday, 15 November 2017
-0.39%
prnewswire
High Tech High Touch: Finding the Right Balance of Technology and Personalization is Critical To Attracting Top Talent
Monday, 13 November 2017
+1.34%
bizjournals
First veterans graduate from ManpowerGroup, Rockwell training program
prnewswire
ManpowerGroup Solutions' Managed Service Provider, TAPFIN, Rated 10-Out of-10 By Clients According to Staffing Industry Analysts' Report
Friday, 10 November 2017
+0.90%
prnewswire
ManpowerGroup and Rockwell Automation Host Graduation Ceremony for Newly Digitally-Skilled Veterans at the Academy of Advanced Manufacturing
bloomberg
Here's Why Poloz Is Fixated on Canada's Youth Labor Force
Thursday, 9 November 2017
-1.14%
prnewswire
ManpowerGroup Named Best Place to Work for LGBTQ Equality in U.S.
Monday, 6 November 2017
-0.37%
prnewswire
Driving Innovation Through Transformational Leadership: ManpowerGroup Hosts 15th Annual Supplier Diversity Roundtable Event
Sunday, 5 November 2017
seekingalpha
36 Stocks For November 2017
Friday, 3 November 2017
+0.54%
prnewswire
Right Management Named Global Leader in Talent and Workforce Consulting with Prestigious ALM Vanguard Rating
prnewswire
ManpowerGroup Director Ulice Payne Jr. Named One of 2017's Most Influential Black Corporate Directors
Wednesday, 1 November 2017
-0.20%
prnewswire
ManpowerGroup Declares 93 Cent Dividend
prnewswire
ManpowerGroup Elects Michael Van Handel to Board of Directors
Tuesday, 31 October 2017
+0.80%
nasdaq
BG Staffing Inc Ex-Dividend Date Scheduled for November 01, 2017
Monday, 30 October 2017
-1.62%
prnewswire
ManpowerGroup Solutions' TAPFIN Named Industry Leader for Fourth Consecutive Year by Everest Group
Friday, 27 October 2017
+0.55%
zacks
Top Ranked Momentum Stocks to Buy for October 27th
accesswire
Earnings Review and Free Research Report: ManpowerGroup’s Quarterly Revenue Gained 7.4%; EPS Added 9.1%
Tuesday, 24 October 2017
+2.01%
prnewswire
Right Person, Wrong Role: New Research from Right Management Finds One in Five People are in the Wrong Role
Friday, 20 October 2017
+2.28%
bizjournals
ManpowerGroup earnings climb 6% for Q3
seekingalpha
ManpowerGroup rallies to all-time high
ap
Manpower beats Street 3Q forecasts
reuters
Manpowergroup reports Q3 EPS of $2.04
prnewswire
ManpowerGroup Reports 3rd Quarter 2017 Results
reuters
Low pay, no bonus: US retailers struggle with hiring
Wednesday, 18 October 2017
+1.17%
zacks
Why ManpowerGroup Might Surprise This Earnings Season
prnewswire
U.S. Retail Workers Want Flexible Work Twice as Much as any Other Industry
Tuesday, 17 October 2017
-1.69%
prnewswire
ManpowerGroup Director Cari Dominguez Appointed to U.S. Presidential Task Force on Apprenticeship Expansion
Wednesday, 11 October 2017
-1.88%
nasdaq
Notable Wednesday Option Activity: MAN, VOXX, XPO
prnewswire
ManpowerGroup Solutions Launches New Insight and Data-Led Total Workforce Index™ to Help Companies Identify the Best Countries to Find Skilled Talent
Thursday, 5 October 2017
-0.09%
prnewswire
Is the '9-5' Job Done? U.S. Workers Look to New Ways of Working
Wednesday, 4 October 2017
+1.29%
prnewswire
Is the '9-5' Job Done? People Are Looking to New Ways of Working
Tuesday, 3 October 2017
+0.46%
nasdaq
TeleTech Holdings, Inc. Ex-Dividend Date Scheduled for October 04, 2017
Monday, 2 October 2017
+1.42%
prnewswire
ManpowerGroup to Announce 3rd Quarter 2017 Earnings Results
Thursday, 21 September 2017
-0.51%
seekingalpha
ManpowerGroup: Investing In Human Resources Makes More Sense Today Than Ever ...
Wednesday, 20 September 2017
-0.30%
nasdaq
4 Staffing Firms in Focus with Younger Workforce in India
Wednesday, 6 September 2017
-1.63%
nasdaq
Insperity, Inc. Ex-Dividend Date Scheduled for September 07, 2017
nasdaq
Kforce, Inc. Ex-Dividend Date Scheduled for September 07, 2017
Tuesday, 29 August 2017
+0.38%
nasdaq
Exponent, Inc. Ex-Dividend Date Scheduled for August 30, 2017
nasdaq
Why You Should Consider CRA International Over ManpowerGroup
Thursday, 24 August 2017
-0.16%
nasdaq
Why Is ManpowerGroup Down 10.3% Since the Last Earnings Report?
Tuesday, 22 August 2017
+1.35%
zacks
TJX Companies Focuses on Store Openings & e-Commerce Growth
nasdaq
Barrett Business Services, Inc. Ex-Dividend Date Scheduled for August ...
nasdaq
Robert Half International Inc. Ex-Dividend Date Scheduled for August 23 ...
nasdaq
Is ManpowerGroup, Inc. a Great Stock for Value Investors?
Thursday, 3 August 2017
+0.64%
nasdaq
Jaffetilchin Investment Partners, LLC Buys iShares US ...
Tuesday, 1 August 2017
-1.33%
nasdaq
Cabot Money Management Inc Buys SPDR Bloomberg Barclays Short Term Corporate ...
nasdaq
Bp Plc Buys Wal-Mart Stores Inc, NVIDIA Corp, Charles Schwab Corp, Sells ...
Friday, 28 July 2017
+0.64%
nasdaq
Zacks.com featured highlights: Magellan Health, Artisan Partners Asset ...
Tuesday, 25 July 2017
-0.68%
nasdaq
ManpowerGroup Beats Q2 Earnings on Higher Revenues
Monday, 24 July 2017
-6.34%
nasdaq
BUZZ-US STOCKS ON THE MOVE-WebMD, Hasbro, NeuroDerm, Hibbett
nasdaq
Notable Monday Option Activity: ROK, MAN, CSOD
nasdaq
BUZZ-US STOCKS ON THE MOVE-WebMD, Blue Apron, Hibbett, Halliburton
reuters
ManpowerGroup sees Q3 revenue up 5-7 pct
reuters
ManpowerGroup Q2 earnings per share $1.72
Friday, 21 July 2017
-0.07%
nasdaq
Staffing Stocks Q2 Earnings to Watch on Jul 24: MAN, HSII
Thursday, 20 July 2017
+0.53%
nasdaq
Is a Surprise Coming for ManpowerGroup This Earnings Season?
zacks
Is a Surprise Coming for ManpowerGroup This Earnings Season? July 20, 2017
Wednesday, 19 July 2017
+0.20%
nasdaq
The RMR Group Inc. Ex-Dividend Date Scheduled for July 20, 2017
Monday, 17 July 2017
-0.31%
nasdaq
3 Business Services Stocks to Profit on Solid Q2 Earnings
nasdaq
ManpowerGroup Hits New 52-Week High on Strategic Initiatives
Wednesday, 12 July 2017
+1.13%
zacks
5 Top-Ranked Stocks with Upgraded Broker Ratings to Bet On
Friday, 7 July 2017
+2.48%
nasdaq
BUZZ-US STOCKS ON THE MOVE- Oilfield services stocks, Digital Ally, Haverty
Friday, 30 June 2017
+0.64%
zacks
ManpowerGroup Hits New 52-Week High on Strong Growth Drivers
Tuesday, 27 June 2017
-0.78%
nasdaq
The Hackett Group, Inc. Ex-Dividend Date Scheduled for June 28, 2017
Thursday, 22 June 2017
-0.63%
bloomberg
The World's Workers Have Bigger Problems Than a Robot Apocalypse
Wednesday, 14 June 2017
+0.39%
nasdaq
ManpowerGroup Collaborates with Rockwell to Train Veterans
Monday, 29 May 2017
nasdaq
ManpowerGroup Poised to Grow Despite Prevailing Headwinds
Friday, 21 April 2017
+0.34%
reuters
ManpowerGroup sees Q2 total revenue up 3-5 pct in constant currency
reuters
Manpowergroup Q1 earnings per share $1.09
Thursday, 16 March 2017
+0.49%
reuters
ManpowerGroup appoints José Brenninkmeijer to lead its Netherlands business
Wednesday, 15 February 2017
+1.35%
reuters
Ciber says terms of agreement of ManpowerGroup's acquisition of Ciber Spain includes about $7 mln cash purchase price
reuters
ManpowerGroup announces acquisition of Ciber Spain
Tuesday, 31 January 2017
+1.27%
reuters
Manpowergroup sees Q1 2017 gross profit margin 16.6-16.8 pct
reuters
Manpowergroup Q4 EPS $1.87
Monday, 28 November 2016
-0.72%
reuters
Manpowergroup confirms Michael Van Handel's retirement as senior executive vice president, after successful cfo transition
Wednesday, 2 November 2016
+1.06%
reuters
Manpower Group declares 86 cent dividend
Friday, 21 October 2016
+6.41%
reuters
Manpowergroup Q3 earnings per share $1.87
Wednesday, 24 August 2016
-0.07%
reuters
Manpowergroup announces acquisition of Ciber Norway
Thursday, 28 July 2016
+0.36%
reuters
ManpowerGroup announces new share repurchase authorization
Thursday, 21 July 2016
+2.03%
reuters
ManpowerGroup reports Q2 earnings per share $1.60
Monday, 6 June 2016
+0.55%
reuters
Ciber says sale includes an escrow amount of $5 mln of purchase price
reuters
Manpowergroup announces acquisition of Ciber Netherlands
Wednesday, 3 February 2016
-6.59%
reuters
Manpowergroup announces leadership change
Thursday, 29 October 2015
+0.98%
reuters
ManpowerGroup Inc announces management change
reuters
ManpowerGroup Inc declares dividend and announces new share repurchase program
Friday, 4 September 2015
+0.02%
reuters
ManpowerGroup Inc announces pricing of seven-year Euro 400 million notes
Thursday, 3 September 2015
+0.42%
reuters
H.I.G. Completes Sale of 7S Group to ManpowerGroup Inc
Date
#
Company
Insider Title
Trans.
Transaction
Shares Price per share Total price Shares after Source
2018-02-10 Sriram Chandrashekar
EVP
EVP Option exercise 10,892 $0.00 $0
2018-02-10
10,892
2018-02-10 Richard Buchband
SVP, General Counsel
SVP, General Counsel Option exercise 1,651 $0.00 $0
2018-02-10
5,535
2017-12-04 Patricia Hemingway Hall
Director
Director Sale 3,000 $127.54 $382,620
2017-12-04
4,021
2017-12-01 Edward J Zore
Director
Director Sale 10,000 $127.00 $1,270,000
2017-12-01
29,876
2017-11-14 Cari M Dominguez
Director
Director Sale 500 $126.29 $63,145
2017-11-14
16,990
2017-11-13 Richard Buchband
SVP, General Counsel
SVP, General Counsel Option exercise 2,059 $57.13 $117,631
2017-11-13
5,943
2017-10-24 Gina Boswell
Director
Director Sale 7,725 $123.96 $957,591
2017-10-24
6,601
2017-10-23 Mara E Swan
EVP
EVP Option exercise 6,731 $52.55 $353,714
2017-10-23
31,416
2017-08-16 Mara E Swan
EVP
EVP Option exercise 2,393 $52.55 $125,752
2017-08-16
27,078
2017-08-04 Ulice Jr Payne
Director
Director Sale 2,100 $107.94 $226,674
2017-08-04
11,136
2017-07-31 Mara E Swan
EVP
EVP Option exercise 16,575 $59.10 $979,583
2017-07-31
41,260
2017-07-26 Sriram Chandrashekar
EVP
EVP Option exercise 19,912 $74.25 $1,478,466
2017-07-26
14,034
2017-07-26 Darryl Green
COO & President
COO & President Sale 76,000 $105.83 $8,043,080
2017-07-26
233
2017-06-19 Richard Buchband
SVP, General Counsel
SVP, General Counsel Sale 1,250 $109.00 $136,250
2017-06-19
3,884
2017-05-01 Jonas Prising
Chairman & CEO
Chairman & CEO Option exercise 9,237 $0.00 $0
2017-05-01
9,237
2017-05-01 Darryl Green
COO & President
COO & President Option exercise 3,848 $0.00 $0
2017-05-01
32,136
2017-04-03 Richard Buchband
SVP, General Counsel
SVP, General Counsel Sale 1,000 $103.00 $103,000
2017-04-03
5,134
2017-02-16 Sriram Chandrashekar
EVP
EVP Sale 24,259 $96.01 $2,329,107
2017-02-16
0
2017-02-15 Richard Buchband
SVP, General Counsel
SVP, General Counsel Sale 1,500 $96.94 $145,410
2017-02-15
6,134
2017-02-09 Handel Michael J Van
Director
Director Option exercise 7,207 $0.00 $0
2017-02-09
38,603
2017-02-09 Mara E Swan
EVP
EVP Option exercise 3,326 $0.00 $0
2017-02-09
26,247
2017-02-09 Jonas Prising
Chairman & CEO
Chairman & CEO Option exercise 5,544 $0.00 $0
2017-02-09
5,544
2017-02-09 Darryl Green
COO & President
COO & President Option exercise 5,544 $0.00 $0
2017-02-09
31,021
2017-02-09 Sriram Chandrashekar
EVP
EVP Option exercise 3,880 $0.00 $0
2017-02-09
24,332
2017-02-09 Richard Buchband
SVP, General Counsel
SVP, General Counsel Option exercise 1,940 $0.00 $0
2017-02-09
8,591
2017-02-03 Darryl Green
COO & President
COO & President Option exercise 61,740 $69.66 $4,300,808
2017-02-03
61,787
2017-02-02 Richard Buchband
SVP, General Counsel
SVP, General Counsel Sale 2,662 $97.43 $259,359
2017-02-02
0

Notable SEC filings of ManpowerGroup

Date Contents
Source
2017-12-12 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2017-11-03 10-Q Quarterly report
2017-11-01 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Other Events; Financial Statements and Exhibits
2017-10-20 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-08-04 10-Q Quarterly report
2017-07-24 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-05-05 10-Q Quarterly report
2017-05-02 8-K Submission of Matters to a Vote of Security Holders; Other Events; Financial Statements and Exhibits
2017-04-21 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-02-21 10-K Yearly report
2017-01-31 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-11-29 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-11-04 10-Q Quarterly report
2016-11-02 8-K Other Events; Financial Statements and Exhibits
2016-11-02 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-10-21 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-07-29 10-Q Quarterly report
2016-07-28 8-K Other Events; Financial Statements and Exhibits
2016-07-21 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-05-06 10-Q Quarterly report
2016-05-03 8-K Submission of Matters to a Vote of Security Holders; Other Events; Financial Statements and Exhibits
2016-04-21 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-02-22 10-K Yearly report
2016-02-16 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
2016-02-03 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-02-03 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits
Buy Argus 25 October 2017
Neutral Credit Suisse 22 October 2017
Buy Nomura 22 October 2017
Outperform BMO Capital 1 October 2017

Manpower executives

Insider Title Age Since Compensation
Jonas Prising (52)
Chairman of the Board, Chief Executive Officer since 2015
Chairman of the Board, Chief Executive Officer 52 2015 $10,990,100
Darryl Green (56)
President, Chief Operating Officer since 2014
President, Chief Operating Officer 56 2014 $5,345,790
John McGinnis (50)
Chief Financial Officer, Executive Vice President since 2016
Chief Financial Officer, Executive Vice President 50 2016 $4,541,100
Michael Van Handel (56)
Director since 2017
Director 56 2017 $4,165,640
Sriram Chandrashekar (50)
Executive Vice President - Operational Excellence and IT, President , Asia Pacific Middle East Region since 2014
Executive Vice President - Operational Excellence and IT, President , Asia Pacific Middle East Region 50 2014 $3,133,280
Mara Swan (57)
Executive Vice President - Global Strategy and Talent since 2009
Executive Vice President - Global Strategy and Talent 57 2009 $2,366,080
Roberto Mendoza (71)
Independent Director since 2009
Independent Director 71 2009 $267,607
Edward Zore (70)
Independent Director since 2000
Independent Director 70 2000 $266,074
John Walter (70)
Independent Director since 2012
Independent Director 70 2012 $262,620
William Downe (64)
Independent Director since 2011
Independent Director 64 2011 $260,625
Gina Boswell (54)
Independent Director since 2007
Independent Director 54 2007 $255,000
Ulice Payne (61)
Independent Director since 2007
Independent Director 61 2007 $250,000
Patricia Hemingway Hall (64)
Independent Director since 2011
Independent Director 64 2011 $243,593
Cari Dominguez (67)
Independent Director since 2007
Independent Director 67 2007 $240,754
John Ferraro (61)
Independent Director since 2016
Independent Director 61 2016 $237,839
Paul Read (50)
Independent Director since 2014
Independent Director 50 2014 $235,153
Elizabeth Sartain (62)
Independent Director since 2010
Independent Director 62 2010 $235,000
Julie Howard (54)
Independent Director since 2016
Independent Director 54 2016 $13,029
Jack McGinnis
Executive Vice President and CFO and Investor Relation since 2017
Executive Vice President and CFO and Investor Relation 2017
Richard Buchband (53)
Senior Vice President, General Counsel, Secretary since 2013
Senior Vice President, General Counsel, Secretary 53 2013
ManpowerGroup logo

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions. It also offers various assessment services; career management; training and development services; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives. In addition, the company provides workforce consulting services; professional resourcing and project-based solutions in information technology, engineering, and finance fields; contingent staffing and permanent recruitment services; solutions in the areas of organizational efficiency, individual development, and career management; and talent based outsourcing services, TAPFIN managed services, and recruitment process outsourcing services, as well as Proservia services in the areas of digital services market and IT infrastructure sector. It operates through a network of approximately 2,800 offices in 80 countries and territories. The company was founded in 1948 and is headquartered in Milwaukee, Wisconsin.

  • ManpowerGroup, 100 Manpower Place, Milwaukee 53212, United States
  • manpowergroup.com
  • 414-961-1000

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $666.9 $573.1 $724.4 $598.5
Short term investments
Net receivables $5,181 $4,927.4 $4,430.6 $4,413.1
Inventory
Other current assets $125.7 $120.6 $145.8 $121.3
Total current assets $5,973.6 $5,621.1 $5,300.8 $5,132.9
Long term investments
Property, plant & equipment $154.3 $154.9 $147.2 $147.3
Goodwill $1,322 $1,291.9 $1,256.3 $1,239.9
Intangible assets $288.1 $290.3 $287.3 $294.4
Other assets $843.7 $781.3 $687.3 $759.7
Deferred long term asset charges
Total assets $8,581.7 $8,139.5 $7,678.9 $7,574.2
Current liabilities
Accounts payable $4,173.5 $3,920.9 $3,609.6 $3,619
Short long term debt $452.7 $435.8 $37.6 $39.8
Other current liabilities
Total current liabilities $4,626.2 $4,356.7 $3,647.2 $3,658.8
Long term debt $470.6 $454.8 $796 $785.6
Other liabilities $762.2 $728.6 $703.6 $683.4
Deferred long term liabilities
Minority interest $90 $87.4 $86.7 $84.5
Total liabilities $5,859 $5,540.1 $5,146.8 $5,127.8
Stockholders' equity
Stock option warrants
Common stock $1.2 $1.2 $1.2 $1.2
Retained earnings $2,558.2 $2,420.5 $2,365.7 $2,291.3
Treasury stock -$2,927.8 -$2,863.6 -$2,804.4 -$2,731.7
Capital surplus $3,291.7 $3,278.6 $3,268.3 $3,227.2
Other stockholder equity -$290.6 -$324.7 -$385.4 -$426.1
Total stockholder equity $2,632.7 $2,512 $2,445.4 $2,361.9
Net tangible assets $1,022.6 $929.8 $901.8 $827.6
(in millions) 2016 2015 2014
Current assets
Cash $598.5 $730.5 $699.2
Short term investments
Net receivables $4,413.1 $4,243 $4,134.5
Inventory
Other current assets $121.3 $119 $147.8
Total current assets $5,132.9 $5,092.5 $4,981.5
Long term investments
Property, plant & equipment $147.3 $147.1 $149.1
Goodwill $1,239.9 $1,257.4 $1,075.2
Intangible assets $294.4 $326.5 $286.8
Other assets $759.7 $694 $688.6
Deferred long term asset charges
Total assets $7,574.2 $7,517.5 $7,181.2
Current liabilities
Accounts payable $3,619 $3,406.8 $3,308.6
Short long term debt $39.8 $44.2 $45.2
Other current liabilities
Total current liabilities $3,658.8 $3,451 $3,353.8
Long term debt $785.6 $810.9 $422.6
Other liabilities $683.4 $563.1 $461.8
Deferred long term liabilities
Minority interest $84.5 $67.8
Total liabilities $5,127.8 $4,825 $4,238.2
Stockholders' equity
Stock option warrants
Common stock $1.2 $1.2 $1.1
Retained earnings $2,291.3 $1,966 $1,667.8
Treasury stock -$2,731.7 -$2,243.2 -$1,654.9
Capital surplus $3,227.2 $3,186.7 $3,084.2
Other stockholder equity -$426.1 -$286 -$155.2
Total stockholder equity $2,361.9 $2,624.7 $2,943
Net tangible assets $827.6 $1,040.8 $1,581

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $5,464.8 $5,174.8 $4,757.2 $4,956.1
Cost of revenue $4,564.2 $4,313.1 $3,969.4 $4,115.1
Gross profit $900.6 $861.7 $787.8 $841
Operating expenses
Research & development
Selling, general & administrative $672.7 $667.1 $660.8 $629
Non-recurring
Other operating expenses
Total operating expenses
Operating income $227.9 $194.6 $127 $212
Income from continuing operations
Net other income
EBIT $227.9 $194.6 $127 $212
Interest expense $10.9 $10.4 $14.9 $15.1
Income before tax $217 $184.2 $112.1 $196.9
Income tax expense $79.3 $67.2 $37.7 $69.5
Minority interest $90 $87.4 $86.7 $84.5
Net income from continuing ops $137.7 $117 $74.4 $127.4
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $137.7 $117 $74.4 $127.4
Income (for common shares) $137.7 $117 $74.4 $127.4
(in millions) 2016 2015 2014
Revenue
Total revenue $19,654.1 $19,329.9 $20,762.8
Cost of revenue $16,320.3 $16,034.1 $17,274.6
Gross profit $3,333.8 $3,295.8 $3,488.2
Operating expenses
Research & development
Selling, general & administrative $2,583 $2,606.9 $2,768.3
Non-recurring
Other operating expenses
Total operating expenses
Operating income $750.8 $688.9 $719.9
Income from continuing operations
Net other income
EBIT $750.8 $688.9 $719.9
Interest expense $49.5 $28.2 $38.3
Income before tax $701.3 $660.7 $681.6
Income tax expense $257.6 $241.5 $254
Minority interest $84.5 $67.8 $67.8
Net income from continuing ops $443.7 $419.2 $427.6
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $443.7 $419.2 $427.6
Income (for common shares) $443.7 $419.2 $427.6

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $137.7 $117 $74.4 $127.4
Operating activities
Depreciation $21.6 $20.4 $20.3 $21.3
Net income adjustments $24.6 $24.2 $26.7 $48.9
Change in accounts receivable -$140.7 -$309.1 $50.3 -$39.9
Changes in liabilities $139.8 $133.6 -$45.8 $61
Changes in inventory
Changes in other operating activities -$43.5 -$29.1 $65.1 -$21.2
Total cash flow from operations $139.5 -$43 $191 $197.5
Investing activities
Capital expenditures -$14.7 -$14.7 -$10.8 -$14.3
Investments
Other cash flows from investing $2.7 -$7.1 -$11 -$0.1
Total cash flows from investing -$12 -$21.8 -$21.8 -$14.4
Financing activities
Dividends paid -$62.2 -$62.2 -$57.6
Sale and purchase of stock -$55.5 -$58.5 -$23.2 -$7.1
Net borrowings $1.8 -$0.7 -$3.7 $3.5
Other cash flows from financing -$1.9 -$0.5 -$28.7 $1.2
Total cash flows from financing -$55.6 -$121.9 -$55.6 -$60
Effect of exchange rate $21.9 $35.4 $12.3 -$27.7
Change in cash and equivalents $93.8 -$151.3 $125.9 $95.4
(in millions) 2016 2015 2014
Net income $443.7 $419.2 $427.6
Operating activities
Depreciation $85.3 $77.7 $83.8
Net income adjustments $120.7 $131.2 $109
Change in accounts receivable -$317.2 -$369.8 -$270.5
Changes in liabilities $342.8 $312.9 $155
Changes in inventory
Changes in other operating activities -$75.3 -$59.7 -$198.7
Total cash flow from operations $600 $511.5 $306.2
Investing activities
Capital expenditures -$56.9 -$52.3 -$51.5
Investments
Other cash flows from investing -$53.5 -$245.8 -$29.9
Total cash flows from investing -$110.4 -$298.1 -$81.4
Financing activities
Dividends paid -$118.4 -$121 -$77.3
Sale and purchase of stock -$464.2 -$476.1 -$118
Net borrowings -$6.7 $456.1 $13.4
Other cash flows from financing -$8.3 -$0.7 -$6.3
Total cash flows from financing -$597.6 -$144.2 -$188.2
Effect of exchange rate -$24 -$37.9 -$75
Change in cash and equivalents -$132 $31.3 -$38.4
Messenger