XML 31 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Data (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Data

 

Year Ended December 31

 

2019

 

 

2018

 

 

2017

 

Revenues from Services(a)

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(b)

 

$

2,507.0

 

 

$

2,522.3

 

 

$

2,659.0

 

Other Americas

 

 

1,675.3

 

 

 

1,637.0

 

 

 

1,557.4

 

 

 

 

4,182.3

 

 

 

4,159.3

 

 

 

4,216.4

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

5,459.7

 

 

 

5,827.7

 

 

 

5,477.2

 

Italy

 

 

1,506.5

 

 

 

1,670.6

 

 

 

1,475.9

 

Other Southern Europe

 

 

2,200.2

 

 

 

1,873.3

 

 

 

1,703.9

 

 

 

 

9,166.4

 

 

 

9,371.6

 

 

 

8,657.0

 

Northern Europe

 

 

4,691.3

 

 

 

5,370.5

 

 

 

5,306.4

 

APME

 

 

2,627.2

 

 

 

2,890.3

 

 

 

2,636.4

 

Right Management

 

 

196.3

 

 

 

199.5

 

 

 

218.1

 

 

 

$

20,863.5

 

 

$

21,991.2

 

 

$

21,034.3

 

Operating Unit Profit

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

113.2

 

 

$

130.8

 

 

$

152.1

 

Other Americas

 

 

73.1

 

 

 

73.1

 

 

 

61.2

 

 

 

 

186.3

 

 

 

203.9

 

 

 

213.3

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

284.3

 

 

 

290.4

 

 

 

280.0

 

Italy

 

 

102.6

 

 

 

111.1

 

 

 

104.5

 

Other Southern Europe

 

 

67.7

 

 

 

66.1

 

 

 

59.4

 

 

 

 

454.6

 

 

 

467.6

 

 

 

443.9

 

Northern Europe

 

 

67.1

 

 

 

122.7

 

 

 

140.1

 

APME

 

 

122.6

 

 

 

114.8

 

 

 

98.9

 

Right Management

 

 

30.0

 

 

 

32.8

 

 

 

36.0

 

 

 

$

860.6

 

 

$

941.8

 

 

$

932.2

 

Corporate expenses

 

 

(121.9

)

 

 

(110.0

)

 

 

(108.4

)

Goodwill impairment charge

 

 

(64.0

)

 

 

 

 

 

 

Intangible asset amortization expense(c)

 

 

(29.8

)

 

 

(35.1

)

 

 

(34.6

)

Interest and other income (expenses), net

 

 

40.6

 

 

 

(42.0

)

 

 

(51.9

)

Earnings before income taxes

 

$

685.5

 

 

$

754.7

 

 

$

737.3

 

 


(a) Further breakdown of revenues from services by geographical region was as follows:

 

Revenues from Services

 

2019

 

 

2018

 

 

2017

 

United States

 

$

2,590.6

 

 

$

2,608.9

 

 

$

2,758.5

 

France

 

 

5,479.6

 

 

 

5,846.4

 

 

 

5,493.9

 

Italy

 

 

1,508.3

 

 

 

1,673.9

 

 

 

1,479.4

 

United Kingdom

 

 

1,598.6

 

 

 

1,672.1

 

 

 

1,619.2

 

Total Foreign

 

 

18,272.9

 

 

 

19,382.3

 

 

 

18,275.8

 

 

(b) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $14.1, $15.0 and $14.8 for 2019, 2018 and 2017, respectively.

(c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Schedule of Revenues from Services by Geographical Region Further breakdown of revenues from services by geographical region was as follows:

Revenues from Services

 

2019

 

 

2018

 

 

2017

 

United States

 

$

2,590.6

 

 

$

2,608.9

 

 

$

2,758.5

 

France

 

 

5,479.6

 

 

 

5,846.4

 

 

 

5,493.9

 

Italy

 

 

1,508.3

 

 

 

1,673.9

 

 

 

1,479.4

 

United Kingdom

 

 

1,598.6

 

 

 

1,672.1

 

 

 

1,619.2

 

Total Foreign

 

 

18,272.9

 

 

 

19,382.3

 

 

 

18,275.8

 

 

Schedule of Segment Information - Depreciation and Amortization Expense, Earnings from Equity Investment, Total Assets, Equity Investments, Long-Lived Assets and Additions to Long-Lived Assets

 

Year Ended December 31

 

2019

 

 

2018

 

 

2017

 

Depreciation and Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

8.0

 

 

$

8.2

 

 

$

9.3

 

Other Americas

 

 

2.3

 

 

 

2.2

 

 

 

2.5

 

 

 

 

10.3

 

 

 

10.4

 

 

 

11.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

13.7

 

 

 

14.0

 

 

 

12.3

 

Italy

 

 

1.8

 

 

 

1.9

 

 

 

1.8

 

Other Southern Europe

 

 

4.9

 

 

 

4.8

 

 

 

4.7

 

 

 

 

20.4

 

 

 

20.7

 

 

 

18.8

 

Northern Europe

 

 

9.5

 

 

 

11.0

 

 

 

10.6

 

APME

 

 

5.6

 

 

 

5.7

 

 

 

4.7

 

Right Management

 

 

1.5

 

 

 

2.8

 

 

 

3.7

 

Corporate expenses

 

 

0.1

 

 

 

0.1

 

 

 

0.2

 

Intangible asset amortization expense(a)

 

 

29.8

 

 

 

35.1

 

 

 

34.6

 

 

 

$

77.2

 

 

$

85.8

 

 

$

84.4

 

Earnings from Equity Investments

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

 

 

$

 

 

$

 

Other Americas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

 

 

 

 

 

 

 

Italy

 

 

(0.1

)

 

 

(0.2

)

 

 

 

Other Southern Europe

 

 

47.5

 

 

 

1.7

 

 

 

15.0

 

 

 

 

47.4

 

 

 

1.5

 

 

 

15.0

 

Northern Europe

 

 

 

 

 

 

 

 

 

APME

 

 

3.1

 

 

 

(0.3

)

 

 

 

Right Management

 

 

 

 

 

 

 

 

 

 

 

$

50.5

 

 

$

1.2

 

 

$

15.0

 

 

(a) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

 

As of December 31

 

2019

 

 

2018

 

 

2017

 

Total Assets

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

2,107.8

 

 

$

1,827.4

 

 

$

1,781.4

 

Other Americas

 

 

379.2

 

 

 

341.5

 

 

 

329.2

 

 

 

 

2,487.0

 

 

 

2,168.9

 

 

 

2,110.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

2,722.7

 

 

 

2,729.7

 

 

 

2,753.1

 

Italy

 

 

463.4

 

 

 

405.0

 

 

 

436.7

 

Other Southern Europe

 

 

771.0

 

 

 

576.7

 

 

 

596.2

 

 

 

 

3,957.1

 

 

 

3,711.4

 

 

 

3,786.0

 

Northern Europe

 

 

1,470.6

 

 

 

1,237.0

 

 

 

1,569.0

 

APME

 

 

707.6

 

 

 

754.0

 

 

 

780.7

 

Right Management

 

 

112.1

 

 

 

127.6

 

 

 

138.1

 

Corporate(a)

 

 

489.4

 

 

 

520.9

 

 

 

499.2

 

 

 

$

9,223.8

 

 

$

8,519.8

 

 

$

8,883.6

 

Equity Investments

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

 

 

$

 

 

$

 

Other Americas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

 

 

 

 

 

 

 

Italy

 

 

0.3

 

 

 

0.3

 

 

 

0.4

 

Other Southern Europe

 

 

 

 

 

157.8

 

 

 

157.2

 

 

 

 

0.3

 

 

 

158.1

 

 

 

157.6

 

Northern Europe

 

 

 

 

 

 

 

 

 

APME

 

 

 

 

 

2.3

 

 

 

0.1

 

Right Management

 

 

 

 

 

 

 

 

 

Corporate

 

 

97.5

 

 

 

1.0

 

 

 

1.0

 

 

 

$

97.8

 

 

$

161.4

 

 

$

158.7

 

 

(a) Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.

 

As of and Year Ended December 31

 

2019

 

 

2018

 

 

2017

 

Long-lived Assets(a)

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

20.0

 

 

$

19.6

 

 

$

20.6

 

Other Americas

 

 

8.0

 

 

 

6.0

 

 

 

6.1

 

 

 

 

28.0

 

 

 

25.6

 

 

 

26.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

46.3

 

 

 

49.2

 

 

 

47.9

 

Italy

 

 

5.2

 

 

 

5.0

 

 

 

4.9

 

Other Southern Europe

 

 

23.5

 

 

 

23.4

 

 

 

24.3

 

 

 

 

75.0

 

 

 

77.6

 

 

 

77.1

 

Northern Europe

 

 

27.1

 

 

 

29.9

 

 

 

28.0

 

APME

 

 

18.4

 

 

 

21.5

 

 

 

21.4

 

Right Management

 

 

2.2

 

 

 

5.3

 

 

 

8.0

 

Corporate

 

 

0.2

 

 

 

0.1

 

 

 

0.1

 

 

 

$

150.9

 

 

$

160.0

 

 

$

161.3

 

Additions to Long-Lived Assets

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

8.1

 

 

$

7.6

 

 

$

6.7

 

Other Americas

 

 

4.5

 

 

 

2.8

 

 

 

2.4

 

 

 

 

12.6

 

 

 

10.4

 

 

 

9.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

12.8

 

 

 

18.1

 

 

 

15.2

 

Italy

 

 

2.1

 

 

 

2.2

 

 

 

1.7

 

Other Southern Europe

 

 

4.9

 

 

 

5.9

 

 

 

8.8

 

 

 

 

19.8

 

 

 

26.2

 

 

 

25.7

 

Northern Europe

 

 

7.6

 

 

 

16.6

 

 

 

11.8

 

APME

 

 

8.0

 

 

 

6.8

 

 

 

6.3

 

Right Management

 

 

0.6

 

 

 

0.2

 

 

 

1.0

 

Corporate

 

 

0.1

 

 

 

0.1

 

 

 

 

 

 

$

48.7

 

 

$

60.3

 

 

$

53.9

 

 

(a) Further breakdown of long-lived assets by geographical region was as follows:

 

Long-Lived Assets

 

2019

 

 

2018

 

 

2017

 

United States

 

$

20.5

 

 

$

22.4

 

 

$

24.9

 

France

 

 

46.9

 

 

 

50.1

 

 

 

49.1

 

Italy

 

 

5.2

 

 

 

5.0

 

 

 

4.9

 

United Kingdom

 

 

5.8

 

 

 

7.0

 

 

 

9.1

 

Total Foreign

 

 

130.4

 

 

 

137.6

 

 

 

136.4

 

 

Schedule of Long-Lived Assets by Geographical Region Further breakdown of long-lived assets by geographical region was as follows:

Long-Lived Assets

 

2019

 

 

2018

 

 

2017

 

United States

 

$

20.5

 

 

$

22.4

 

 

$

24.9

 

France

 

 

46.9

 

 

 

50.1

 

 

 

49.1

 

Italy

 

 

5.2

 

 

 

5.0

 

 

 

4.9

 

United Kingdom

 

 

5.8

 

 

 

7.0

 

 

 

9.1

 

Total Foreign

 

 

130.4

 

 

 

137.6

 

 

 

136.4