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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 STOCKHOLDERS’ EQUITY
(Amounts in Millions)
 
Preferred
Stock
 
Common Stock
 
Additional
Paid-In
Capital
 
Retained Earnings
 
Accumulated 
Other
Comprehensive
Loss, Net of Tax
 
Treasury
Stock
 
Total IPG
Stockholders’
Equity
 
Noncontrolling
Interests
 
Total
Stockholders’
Equity
 
Shares
 
Amount
 
Balance at December 31, 2012
$
221.5

 
492.0

 
$
48.8

 
$
2,465.4

 
$
738.3

 
$
(288.0
)
 
$
(765.4
)
 
$
2,420.6

 
$
36.0

 
$
2,456.6

Net income
 
 
 
 
 
 
 
 
267.9

 
 
 
 
 
267.9

 
21.0

 
288.9

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
(123.2
)
 
 
 
(123.2
)
 
(3.9
)
 
(127.1
)
Reclassifications related to redeemable
noncontrolling interests
 
 
 
 
 
 
0.2

 
 
 
 
 
 
 
0.2

 
(4.6
)
 
(4.4
)
Noncontrolling interest transactions
 
 
 
 
 
 
(0.1
)
 

 
 
 
 
 
(0.1
)
 
1.1

 
1.0

Distributions to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(14.9
)
 
(14.9
)
Change in redemption value of redeemable
noncontrolling interests
 
 
 
 
 
 
 
 
(6.2
)
 
 
 
 
 
(6.2
)
 
 
 
(6.2
)
Repurchase of common stock
 
 
 
 
 
 
 
 
 
 
 
 
(481.8
)
 
(481.8
)
 
 
 
(481.8
)
Common stock dividends
 
 
 
 
 
 
 
 
(126.0
)
 
 
 
 
 
(126.0
)
 
 
 
(126.0
)
Preferred stock dividends
 
 
 
 
 
 
 
 
(8.7
)
 
 
 
 
 
(8.7
)
 
 
 
(8.7
)
Conversion of convertible notes to common stock
 
 
16.9

 
1.7

 
198.3

 
 
 
 
 
 
 
200.0

 
 
 
200.0

Capped call transaction
 
 
 
 
 
 
19.1

 
 
 
 
 
(19.1
)
 
0.0

 
 
 
0.0

Conversion of preferred stock to common stock
(221.5
)
 
17.3

 
1.7

 
219.8

 
 
 
 
 
 
 
0.0

 
 
 
0.0

Stock-based compensation
 
 
2.4

 
0.5

 
43.1

 
 
 
 
 
 
 
43.6

 
 
 
43.6

Exercise of stock options
 
 
5.2

 
0.5

 
47.4

 
 
 
 
 
 
 
47.9

 
 
 
47.9

Shares withheld for taxes
 
 
(1.5
)
 
(0.2
)
 
(19.9
)
 
 
 
 
 
 
 
(20.1
)
 
 
 
(20.1
)
Other
 
 
 
 
 
 
1.9

 
(0.8
)
 
 
 
 
 
1.1

 
0.9

 
2.0

Balance at December 31, 2013
$
0.0

 
532.3

 
$
53.0

 
$
2,975.2

 
$
864.5

 
$
(411.2
)
 
$
(1,266.3
)
 
$
2,215.2

 
$
35.6

 
$
2,250.8

Net income
 
 
 
 
 
 
 
 
477.1

 
 
 
 
 
477.1

 
28.3

 
505.4

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
(225.5
)
 
 
 
(225.5
)
 
(2.6
)
 
(228.1
)
Reclassifications related to redeemable
noncontrolling interests
 
 
 
 
 
 
(3.5
)
 
 
 
 
 
 
 
(3.5
)
 
(4.2
)
 
(7.7
)
Noncontrolling interest transactions
 
 
 
 
 
 
2.1

 
 
 
 
 
 
 
2.1

 
(4.4
)
 
(2.3
)
Distributions to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(17.0
)
 
(17.0
)
Change in redemption value of redeemable
noncontrolling interests
 
 
 
 
 
 
 
 
1.5

 
 
 
 
 
1.5

 
 
 
1.5

Repurchase of common stock
 
 
 
 
 
 
 
 
 
 
 
 
(275.1
)
 
(275.1
)
 
 
 
(275.1
)
Retirement of treasury stock
 
 
(121.9
)
 
(12.2
)
 
(1,510.2
)
 
 
 
 
 
1,522.4

 
0.0

 
 
 
0.0

Common stock dividends
 
 
 
 
 
 
 
 
(159.0
)
 
 
 
 
 
(159.0
)
 
 
 
(159.0
)
Stock-based compensation
 
 
3.4

 
0.3

 
63.5

 
 
 
 
 
 
 
63.8

 
 
 
63.8

Exercise of stock options
 
 
1.7

 
0.2

 
20.1

 
 
 
 
 
 
 
20.3

 
 
 
20.3

Shares withheld for taxes
 
 
(0.9
)
 
(0.1
)
 
(14.9
)
 
 
 
 
 
 
 
(15.0
)
 
 
 
(15.0
)
Excess tax benefit from stock-based compensation
 
 
 
 
 
 
15.2

 
 
 
 
 
 
 
15.2

 
 
 
15.2

Other
 
 
 
 
 
 
 
 
(0.8
)
 
 
 
 
 
(0.8
)
 
(0.8
)
 
(1.6
)
Balance at December 31, 2014
$
0.0

 
414.6

 
$
41.2

 
$
1,547.5

 
$
1,183.3

 
$
(636.7
)
 
$
(19.0
)
 
$
2,116.3

 
$
34.9

 
$
2,151.2

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

43