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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 COMPREHENSIVE INCOME
(Amounts in Millions)
 
Years ended December 31,
 
2015
 
2014
 
2013
NET INCOME
$
480.5

 
$
505.4

 
$
288.9

 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME
 
 
 
 
 
Foreign currency translation adjustments
(256.8
)
 
(194.3
)
 
(116.9
)
Less: reclassification adjustments recognized in net income
23.3

 
(0.9
)
 
0.0

Income tax effect
0.0

 
0.0

 
(0.6
)
 
(233.5
)
 
(195.2
)
 
(117.5
)
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
Changes in market value of available-for-sale securities
0.5

 
0.7

 
0.8

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

 
0.0

 
(1.4
)
Income tax effect
0.0

 
(0.3
)
 
0.2

 
0.5

 
0.4

 
(0.4
)
 
 
 
 
 
 
Derivative instruments:
 
 
 
 
 
Changes in fair value of derivative instruments
0.0

 
(0.6
)
 
0.0

Less: recognition of previously unrealized losses included in net income
2.0

 
1.9

 
1.7

Income tax effect
(0.7
)
 
(0.5
)
 
(0.7
)
 
1.3

 
0.8

 
1.0

 
 
 
 
 
 
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net actuarial gains (losses) for the period
14.2

 
(55.5
)
 
(20.6
)
Less: amortization of unrecognized losses, transition obligation and
prior service cost included in net income
10.6

 
10.0

 
10.8

Less: settlement and curtailment (gains) losses included in net income
(0.2
)
 
0.5

 
(0.1
)
Other
0.4

 
0.5

 
1.0

Income tax effect
(6.4
)
 
10.4

 
(1.3
)
 
18.6

 
(34.1
)
 
(10.2
)
 
 
 
 
 
 
Other comprehensive loss, net of tax
(213.1
)
 
(228.1
)
 
(127.1
)
TOTAL COMPREHENSIVE INCOME
267.4

 
277.3

 
161.8

Less: comprehensive income attributable to noncontrolling interest
21.7

 
25.7

 
17.1

COMPREHENSIVE INCOME ATTRIBUTABLE TO IPG
$
245.7

 
$
251.6

 
$
144.7


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


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