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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 BALANCE SHEETS
(Amounts in Millions)
 
December 31, 2015
 
December 31, 2014
ASSETS:
 
 
 
Cash and cash equivalents
$
1,502.9

 
$
1,660.6

Marketable securities
6.8

 
6.6

Accounts receivable, net of allowance of $54.2 and $59.5
4,361.0

 
4,376.6

Expenditures billable to clients
1,594.4

 
1,424.2

Other current assets
228.0

 
342.2

Total current assets
7,693.1

 
7,810.2

Property and equipment, net
567.2

 
548.2

Deferred income taxes
228.4

 
192.9

Goodwill
3,608.5

 
3,669.2

Other non-current assets
487.9

 
516.1

TOTAL ASSETS
$
12,585.1

 
$
12,736.6

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
6,672.0

 
$
6,558.0

Accrued liabilities
760.3

 
796.0

Short-term borrowings
150.1

 
107.2

Current portion of long-term debt
1.9

 
2.1

Total current liabilities
7,584.3

 
7,463.3

Long-term debt
1,610.3

 
1,612.9

Deferred compensation
464.2

 
527.9

Other non-current liabilities
672.6

 
723.9

TOTAL LIABILITIES
10,331.4

 
10,328.0

 
 
 
 
Commitments and contingencies (see Note 14)


 


Redeemable noncontrolling interests (see Note 4)
251.9

 
257.4

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock, $0.10 par value, shares authorized: 800.0
shares issued: 2015 – 406.3; 2014 – 414.6
shares outstanding: 2015 – 403.2; 2014 – 413.8
40.4

 
41.2

Additional paid-in capital
1,404.1

 
1,547.5

Retained earnings
1,437.6

 
1,183.3

Accumulated other comprehensive loss, net of tax
(845.6
)
 
(636.7
)
 
2,036.5

 
2,135.3

Less: Treasury stock, at cost: 2015 - 3.1 shares; 2014 - 0.8 shares
(71.0
)
 
(19.0
)
Total IPG stockholders’ equity
1,965.5

 
2,116.3

Noncontrolling interests
36.3

 
34.9

TOTAL STOCKHOLDERS’ EQUITY
2,001.8

 
2,151.2

TOTAL LIABILITIES AND EQUITY
$
12,585.1

 
$
12,736.6


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

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