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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 BALANCE SHEETS
(Amounts in Millions)
 
December 31, 2014
 
December 31, 2013
ASSETS:
 
 
 
Cash and cash equivalents
$
1,660.6

 
$
1,636.8

Marketable securities
6.6

 
5.3

Accounts receivable, net of allowance of $59.5 and $64.9
4,376.6

 
4,565.4

Expenditures billable to clients
1,424.2

 
1,536.4

Other current assets
342.2

 
340.1

Total current assets
7,810.2

 
8,084.0

Property and equipment, net
548.2

 
540.0

Deferred income taxes
192.9

 
144.0

Goodwill
3,669.2

 
3,629.0

Other non-current assets
526.7

 
508.0

TOTAL ASSETS
$
12,747.2

 
$
12,905.0

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
6,558.0

 
$
6,914.2

Accrued liabilities
796.0

 
718.4

Short-term borrowings
107.2

 
179.1

Current portion of long-term debt
2.1

 
353.6

Total current liabilities
7,463.3

 
8,165.3

Long-term debt
1,623.5

 
1,129.8

Deferred compensation
527.9

 
514.3

Other non-current liabilities
723.9

 
595.7

TOTAL LIABILITIES
10,338.6

 
10,405.1

 
 
 
 
Commitments and contingencies (see Note 14)


 


Redeemable noncontrolling interests (see Note 4)
257.4

 
249.1

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock, $0.10 par value, shares authorized: 800.0
shares issued: 2014 – 414.6; 2013 – 532.3
shares outstanding: 2014 – 413.8; 2013 – 424.5
41.2

 
53.0

Additional paid-in capital
1,547.5

 
2,975.2

Retained earnings
1,183.3

 
864.5

Accumulated other comprehensive loss, net of tax
(636.7
)
 
(411.2
)
 
2,135.3

 
3,481.5

Less: Treasury stock, at cost: 2014 - 0.8 shares; 2013 - 107.8 shares
(19.0
)
 
(1,266.3
)
Total IPG stockholders’ equity
2,116.3

 
2,215.2

Noncontrolling interests
34.9

 
35.6

TOTAL STOCKHOLDERS’ EQUITY
2,151.2

 
2,250.8

TOTAL LIABILITIES AND EQUITY
$
12,747.2

 
$
12,905.0


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

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