Manpower Inc. Operating Unit Results (in thousands) 3 Months Ended Year Ended December 31 December 31 1999 1998 1999 1998 Revenues from services: United States (a) $ 591,016 $556,785 $2,250,483 $2,152,822 France $1,008,574 986,884 3,775,105 3,639,483 United Kingdom 326,666 299,191 1,170,270 1,088,218 Other Europe 432,203 349,881 1,517,197 1,152,574 Other Countries 302,038 234,812 1,057,043 781,175 ---------------------- ----------------------- $2,660,497 $2,427,553 $9,770,098 $8,814,272 ====================== ======================= Operating Unit Profit: United States $ 23,436 $ 21,622 $ 80,270 $ 78,005 France 32,611 22,579 100,910 76,959 United Kingdom 12,783 15,147 40,224 42,280 Other Europe 21,396 17,307 63,210 49,197 Other Countries 4,425 4,601 16,539 20,953 ---------------------- ----------------------- 94,651 81,256 301,153 267,394 Other corporate expenses (11,044) (11,160) (42,502) (44,891) Non-recurring expenses (b) - - (28,000) - Write-down of capitalized software (c) - (92,100) - (92,100) ---------------------- ----------------------- Operating profit 83,607 (22,004) 230,651 130,403 Interest and other expense (d) 7,828 4,975 24,821 16,633 ---------------------- ----------------------- Earnings before taxes $ 75,779 $ (26,979) $ 205,830 $ 113,770 ====================== ======================= Footnotes: (a) Total systemwide sales in the United States, which includes sales of Company-owned branches and franchises were $992,210 and $919,251 for the three months ended December 31, 1999 and 1998, respectively, and $3,758,690 and $3,577,192 for the year ended December 31, 1999 and 1998, respectively. (b) Represents non-recurring items ($16.4 after tax) in the second quarter of 1999 related to employee severances, retirement costs and other associated realignment costs. (c) The write-down of capitalized software relates to the abandonment of an information system that was being developed in the U.S. (d) The components of interest and other expense (income) were: Interest expense $4,622 $5,984 $17,315 $19,155 Interest income (2,299) (2,182) (8,028) (8,379) Translation loss (gain) 933 (599) 1,918 2,425 Loss on sale of accounts receivable 2,693 658 9,780 658 Other 1,879 1,114 3,836 2,774 -------------------- ------------------- $7,828 $4,975 $24,821 $16,633 ==================== ===================