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 COMPREHENSIVE INCOME
(Amounts in Millions)
 
Years ended December 31,
 
2014
 
2013
 
2012
NET INCOME
$
505.4

 
$
288.9

 
$
464.6

 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME
 
 
 
 
 
Foreign currency translation adjustments
(194.3
)
 
(116.9
)
 
9.7

Less: reclassification adjustments recognized in net income
(0.9
)
 
0.0

 
0.0

Income tax effect
0.0

 
(0.6
)
 
0.0

 
(195.2
)
 
(117.5
)
 
9.7

 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
Changes in market value of available-for-sale securities
0.7

 
0.8

 
0.4

Less: recognition of previously unrealized (gains) losses included in net income
0.0

 
(1.4
)
 
0.7

Income tax effect
(0.3
)
 
0.2

 
(0.5
)
 
0.4

 
(0.4
)
 
0.6

 
 
 
 
 
 
Derivative instruments:
 
 
 
 
 
Changes in fair value of derivative instruments
(0.6
)
 
0.0

 
(21.9
)
Less: recognition of previously unrealized losses included in net income
1.9

 
1.7

 
0.3

Income tax effect
(0.5
)
 
(0.7
)
 
8.9

 
0.8

 
1.0

 
(12.7
)
 
 
 
 
 
 
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net actuarial losses for the period
(55.5
)
 
(20.6
)
 
(67.9
)
Less: amortization of unrecognized losses, transition obligation and
prior service cost included in net income
10.0

 
10.8

 
7.7

Less: settlement and curtailment losses (gains) included in net income
0.5

 
(0.1
)
 
0.7

Other
0.5

 
1.0

 
(3.4
)
Income tax effect
10.4

 
(1.3
)
 
1.9

 
(34.1
)
 
(10.2
)
 
(61.0
)
 
 
 
 
 
 
Other comprehensive loss, net of tax
(228.1
)
 
(127.1
)
 
(63.4
)
TOTAL COMPREHENSIVE INCOME
277.3

 
161.8

 
401.2

Less: comprehensive income attributable to noncontrolling interest
25.7

 
17.1

 
16.8

COMPREHENSIVE INCOME ATTRIBUTABLE TO IPG
$
251.6

 
$
144.7

 
$
384.4


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


39