EX-12.1 3 exhibit_12-1.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit_12-1.htm
Exhibit 12.1
 
STATEMENT REGARDING COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
 
MANPOWER INC.
(in millions)



   
2010
    
2009
    
2008
    
2007
    
2006
  
Earnings:
                              
     Earnings before income taxes from continuing operations
   $ (165.2 )   $
(22.9
 )   $ 442.6     $ 777.0     $ 481.9  
     Fixed charges
     161.9       183.9       200.9       185.2       162.8  
    $ (3.3 )   $ 161.0     $ 643.5     $ 962.2     $ 644.7  
                                         
Fixed charges:
                                        
     Interest (expensed or capitalized)
   $ 42.4     $ 61.7     $ 64.2     $ 65.0     $ 54.1  
     Estimated interest portion of rent expense
     119.5       122.2       136.7       120.2       108.7  
    $ 161.9     $ 183.9     $ 200.9     $ 185.2     $ 162.8  
                                         
Ratio of earnings to fixed charges
     (0.0 )      0.9       3.2       5.2       4.0  

 
   
Note:
The calculation of ratio of earnings to fixed charges set forth above is in accordance with Regulation S-K, Item 601(b)(12). This calculation is different than the fixed charge ratio that is required by our various borrowing facilities.