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SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/22/2016
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,
 
2015
 
2014
 
2013
REVENUE
$
7,613.8

 
$
7,537.1

 
$
7,122.3

 
 
 
 
 
 
OPERATING EXPENSES:
 
 
 
 
 
Salaries and related expenses
4,857.7

 
4,820.4

 
4,545.5

Office and general expenses
1,885.0

 
1,928.1

 
1,917.9

Restructuring and other reorganization-related (reversals) charges, net
(0.8
)
 
0.2

 
60.6

Total operating expenses
6,741.9

 
6,748.7

 
6,524.0

 
 
 
 
 
 
OPERATING INCOME
871.9

 
788.4

 
598.3

 
 
 
 
 
 
EXPENSES AND OTHER INCOME:
 
 
 
 
 
Interest expense
(85.8
)
 
(84.9
)
 
(122.7
)
Interest income
22.8

 
27.4

 
24.7

Other expense, net
(46.7
)
 
(10.2
)
 
(32.3
)
Total (expenses) and other income
(109.7
)
 
(67.7
)
 
(130.3
)
 
 
 
 
 
 
Income before income taxes
762.2

 
720.7

 
468.0

Provision for income taxes
282.8

 
216.5

 
181.2

Income of consolidated companies
479.4

 
504.2

 
286.8

Equity in net income of unconsolidated affiliates
1.1

 
1.2

 
2.1

NET INCOME
480.5

 
505.4

 
288.9

Net income attributable to noncontrolling interests
(25.9
)
 
(28.3
)
 
(21.0
)
NET INCOME ATTRIBUTABLE TO IPG
454.6

 
477.1

 
267.9

Dividends on preferred stock
0.0

 
0.0

 
(8.7
)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS
$
454.6

 
$
477.1

 
$
259.2

 
 
 
 
 
 
Earnings per share available to IPG common stockholders:
 
 
 
 
 
Basic
$
1.11

 
$
1.14

 
$
0.62

Diluted
$
1.09

 
$
1.12

 
$
0.61

 
 
 
 
 
 
Weighted-average number of common shares outstanding:
 
 
 
 
 
Basic
408.1

 
419.2

 
421.1

Diluted
415.7

 
425.4

 
429.6

 
 
 
 
 
 
Dividends declared per common share
$
0.48

 
$
0.38

 
$
0.30


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

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