IPG
    Print Page  Close Window

SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/23/2015
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Millions, Except Per Share Amounts)
 
Years ended December 31,
 
2014
 
2013
 
2012
REVENUE
$
7,537.1

 
$
7,122.3

 
$
6,956.2

 
 
 
 
 
 
OPERATING EXPENSES:
 
 
 
 
 
Salaries and related expenses
4,820.4

 
4,545.5

 
4,391.9

Office and general expenses
1,928.1

 
1,917.9

 
1,887.2

Restructuring and other reorganization-related charges (reversals), net
0.2

 
60.6

 
(1.2
)
Total operating expenses
6,748.7

 
6,524.0

 
6,277.9

 
 
 
 
 
 
OPERATING INCOME
788.4

 
598.3

 
678.3

 
 
 
 
 
 
EXPENSES AND OTHER INCOME:
 
 
 
 
 
Interest expense
(84.9
)
 
(122.7
)
 
(133.5
)
Interest income
27.4

 
24.7

 
29.5

Other (expense) income, net
(10.2
)
 
(32.3
)
 
100.5

Total (expenses) and other income
(67.7
)
 
(130.3
)
 
(3.5
)
 
 
 
 
 
 
Income before income taxes
720.7

 
468.0

 
674.8

Provision for income taxes
216.5

 
181.2

 
213.3

Income of consolidated companies
504.2

 
286.8

 
461.5

Equity in net income of unconsolidated affiliates
1.2

 
2.1

 
3.1

NET INCOME
505.4

 
288.9

 
464.6

Net income attributable to noncontrolling interests
(28.3
)
 
(21.0
)
 
(17.9
)
NET INCOME ATTRIBUTABLE TO IPG
477.1

 
267.9

 
446.7

Dividends on preferred stock
0.0

 
(8.7
)
 
(11.6
)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS
$
477.1

 
$
259.2

 
$
435.1

 
 
 
 
 
 
Earnings per share available to IPG common stockholders:
 
 
 
 
 
Basic
$
1.14

 
$
0.62

 
$
1.01

Diluted
$
1.12

 
$
0.61

 
$
0.94

 
 
 
 
 
 
Weighted-average number of common shares outstanding:
 
 
 
 
 
Basic
419.2

 
421.1

 
432.5

Diluted
425.4

 
429.6

 
481.4

 
 
 
 
 
 
Dividends declared per common share
$
0.38

 
$
0.30

 
$
0.24


The accompanying notes are an integral part of these financial statements.

38