ManpowerGroup Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-13.3M | $145.1M | $88.8M | $373.8M | $382.4M | $23.8M | $465.7M | $556.7M |
| Depreciation & Amortization | $86.0M | $86.6M | $88.6M | $84.6M | $73.4M | $76.3M | $77.2M | $85.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $31.3M | $32.7M | $34.6M | $37.1M | $24.2M | $27.2M | $29.8M | $35.1M |
| Stock-Based Compensation | $26.3M | $27.3M | $28.7M | $37.6M | $36.8M | $24.2M | $26.3M | $27.8M |
| Net Cash from Operating Activities | $-104.1M | $309.2M | $348.2M | $423.3M | $644.8M | $936.4M | $814.4M | $483.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $57.3M | $51.1M | $78.2M | $75.6M | $64.2M | $50.7M | $52.9M | $64.7M |
| Business Acquisitions | $1.0M | $4.9M | $0 | $16.4M | $924.4M | $700.0K | $-77.8M | $9.1M |
| Net Cash from Investing Activities | $-59.2M | $-68.2M | $-74.1M | $-85.3M | $-987.0M | $-42.4M | $-16.2M | $-54.9M |
| Financing Activities | ||||||||
| Dividends Paid | $66.7M | $145.8M | $144.3M | $139.9M | $136.6M | $129.1M | $129.3M | $127.3M |
| Stock Repurchases | $38.2M | $140.0M | $179.8M | $270.0M | $210.0M | $264.7M | $203.0M | $500.7M |
| Net Cash from Financing Activities | $485.5M | $-282.4M | $-349.5M | $-482.1M | $-283.7M | $-435.2M | $-337.4M | $-484.9M |
| Net Change in Cash | $361.6M | $-71.9M | $-57.7M | $-208.8M | $-719.3M | $541.3M | $433.9M | $-97.1M |
| Free Cash Flow | $-161.4M | $258.1M | $270.0M | $347.7M | $580.6M | $885.7M | $761.5M | $418.4M |