ManpowerGroup Inc. (MAN) quarterly cash flow statement — complete operating, investing & financing history
ManpowerGroup Inc. (MAN) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -8M | -2.7M | -126.3M | 178.9M | 59.8M | -189.6M | -153.2M | 247.6M | 83.5M | -137.9M | 116M | 113.7M | 265.7M | -155.8M | 124.6M | 134.1M | 267.9M | -49.3M | 70.6M | 261.9M |
| Operating CF Margin % | -0.17% | -0.06% | -2.8% | 3.8% | 1.29% | -4.2% | -3.75% | 5.63% | 1.84% | -3.05% | 2.63% | 2.46% | 5.68% | -3.21% | 2.62% | 2.79% | 5.58% | -0.97% | 1.37% | 4.87% |
| Operating CF Growth % | -113.38% | 98.58% | 17.56% | -27.75% | -28.38% | -37.49% | -232.07% | 117.77% | -68.57% | 11.49% | -6.9% | -15.21% | -0.82% | -216.02% | 76.49% | -48.8% | 42.88% | -190.46% | -49.89% | 18.67% |
| Net Income | 34.1M | 53.5M | 2.5M | 30.2M | 18M | -67.1M | 5.6M | 22.5M | 22.8M | 60.1M | 39.7M | -84.5M | 30.3M | 65.2M | 77.8M | 48.7M | 111.3M | 122.2M | 91.6M | 111.1M |
| Depreciation & Amortization | 20.4M | 21.5M | 20.2M | 20.5M | 22.1M | 22.2M | 21.2M | 21.8M | 21.8M | 21.4M | 21.6M | 24.3M | 21.7M | 21.6M | 21M | 20.7M | 21.4M | 21.2M | 21.3M | 22.5M |
| Stock-Based Compensation | 7.3M | 7.6M | 6M | 6.1M | 4.9M | 7.7M | 7.6M | 5.3M | 7M | 7.5M | 7.5M | 8.7M | 8M | 6.9M | 5.1M | 8.4M | 7.6M | 11M | 10.6M | 10.1M |
| Deferred Taxes | -2.2M | 3.2M | 6.1M | -19.7M | -20.6M | -2.8M | 7.3M | -34.4M | -5.8M | 300K | 7.5M | -32.9M | -2M | -3.9M | 18.2M | 3.3M | -1.3M | 400K | 2.4M | 19.2M |
| Other Non-Cash Items | 5.4M | -21.6M | -38.5M | 2.8M | 2.4M | 95.3M | 1.5M | 11.2M | -153.5M | 1.1M | 2.6M | 57.3M | 3.8M | 2.8M | 100K | 51.1M | -3M | 3.3M | 10.8M | 4.2M |
| Working Capital Changes | -73M | -66.9M | -122.6M | 139M | 33M | -244.9M | -196.4M | 221.2M | 191.2M | -228.3M | 37.1M | 140.8M | 203.9M | -248.4M | 2.4M | 1.9M | 131.9M | -207.4M | -66.1M | 94.8M |
| Change in Receivables | 85.6M | -141.4M | 92.2M | -133.5M | -16.7M | -237.2M | 245.1M | 23.3M | 129.9M | -176M | 283.9M | -68.4M | 273.9M | -211.7M | 398M | -167.1M | 414.2M | -121.4M | -96.9M | -286.9M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -165.9M | 51.1M | -141M | 140.4M | 26.7M | 55.5M | -265.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -8.1M | 82.1M | -8.7M | -10.5M | -14.7M | -19.4M | -14.6M | -26.3M | -20.1M | -12.1M | -9.7M | -21.6M | -18M | -21.3M | -13.2M | -20M | -24.6M | -22.1M | -18.6M | -942.4M |
| Capital Expenditures | -8.8M | -5.8M | -9M | -10.9M | -15.1M | -17.6M | -13.7M | -11.3M | -16.1M | -11.9M | -11.8M | -23.1M | -20.5M | -21.4M | -13.2M | -19.7M | -14.2M | -22.3M | -19.4M | -24.5M |
| CapEx % of Revenue | 0.18% | 0.12% | 0.2% | 0.23% | 0.33% | 0.39% | 0.33% | 0.26% | 0.36% | 0.26% | 0.27% | 0.5% | 0.44% | 0.44% | 0.28% | 0.41% | 0.3% | 0.44% | 0.38% | 0.46% |
| Acquisitions | 700K | 87.5M | 0 | 400K | 1.8M | -1.8M | -1M | -15M | -6.8M | -200K | 2.1M | 1.5M | 2.5M | 100K | 0 | -300K | -10.4M | 200K | 0 | -917.3M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 400K | 0 | 0 | -1.4M | 0 | 100K | 0 | 2.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 800K | -3.8M |
| Cash from Financing | 68.2M | -125.6M | -511.2M | 426M | -64.5M | 78.3M | 45.7M | -103.6M | -140.4M | 19.1M | -57.5M | -123.2M | -58.4M | -118.5M | -48.8M | -87.3M | -538.6M | 239.6M | -95.8M | -56.9M |
| Debt Issued (Net) | 68.2M | -91.2M | -508.2M | 462.2M | -64.5M | 126.2M | 76.6M | 2.8M | -111.4M | 121.2M | 3.5M | -2.5M | -8.1M | 5.1M | -10.7M | 8.8M | -453.1M | 412.7M | -28M | 72M |
| Equity Issued (Net) | 0 | 0 | -300K | -200K | 38.2M | -13.2M | -25M | -34M | -28.9M | -27M | -49.6M | -50M | -49.9M | -49.9M | -28.3M | -25M | -85M | -100.1M | -59.9M | -60.1M |
| Dividends Paid | 0 | -33.5M | 0 | -33.4M | -40.2M | -33.3M | 0 | -72.3M | 0 | -73.5M | 0 | -71.2M | 0 | -73.1M | 0 | -68.7M | 0 | -71.2M | 0 | -68.3M |
| Share Repurchases | 0 | 0 | -300K | 0 | 38.2M | -13.2M | -25M | -34M | -29M | -27M | -50M | -50M | -49.9M | -49.9M | -30M | -25M | -85M | -100.1M | -59.9M | -59.9M |
| Other Financing | 0 | -900K | -2.7M | -2.6M | 2M | -1.4M | -5.9M | -100K | -100K | -1.6M | -11.4M | 500K | -400K | -600K | -9.8M | -2.4M | -500K | -1.8M | -7.9M | -500K |
| Net Change in Cash | 52.5M | -44.3M | -646.1M | 596.4M | -15.2M | -105.2M | -114.4M | 98.5M | -58M | -135.9M | 23.5M | 10.2M | 163.5M | -299.1M | 67.7M | 111.5M | -358.7M | 108.9M | -70.5M | -764.8M |
| Free Cash Flow | -16.8M | -8.5M | -135.3M | 168M | 44.7M | -207.2M | -166.9M | 236.3M | 67.4M | -149.8M | 104.2M | 90.6M | 245.2M | -177.2M | 111.4M | 114.4M | 253.7M | -71.6M | 51.2M | 237.4M |
| FCF Margin % | -0.35% | -0.17% | -3% | 3.56% | 0.96% | -4.58% | -4.08% | 5.37% | 1.49% | -3.31% | 2.37% | 1.96% | 5.24% | -3.65% | 2.34% | 2.38% | 5.28% | -1.41% | 1% | 4.41% |
| FCF Growth % | -137.58% | 95.9% | 18.93% | -28.9% | -33.68% | -38.32% | -260.17% | 160.82% | -72.51% | 15.46% | -6.46% | -20.8% | -3.35% | -147.49% | 117.58% | -51.81% | 47.16% | -268.08% | -60.06% | 18.4% |
| FCF per Share | -0.35 | -0.18 | -2.87 | 3.58 | 0.95 | -4.46 | -3.53 | 4.95 | 1.40 | -3.10 | 2.13 | 1.86 | 4.89 | -3.50 | 2.16 | 2.23 | 4.85 | -1.34 | 0.94 | 4.32 |
| FCF Conversion (FCF/Net Income) | -0.23x | -0.05x | -50.52x | 5.92x | 3.32x | 2.83x | -27.36x | 11.00x | 3.66x | -2.29x | 2.92x | -1.35x | 8.77x | -2.39x | 1.60x | 2.75x | 2.41x | -0.40x | 0.77x | 2.36x |
| Interest Paid | 0 | 34.4M | 20.2M | 16.4M | 17.9M | 47.1M | 16.1M | 15M | 32.7M | 22.8M | 14.4M | 12.7M | 14.1M | 38.4M | 10.7M | 7.3M | 12.8M | 12.2M | 5.9M | 3.6M |
| Taxes Paid | 0 | 14.2M | 24.2M | 23.7M | 32.1M | 65.7M | 26.2M | 46.7M | 51M | 54.1M | 35.8M | 40.5M | 49.9M | 62.8M | 29M | 50.7M | 61.4M | 75.5M | 14M | 25.4M |