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SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/21/2017
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,
 
2016
 
2015
 
2014
REVENUE
$
7,846.6

 
$
7,613.8

 
$
7,537.1

 
 
 
 
 
 
OPERATING EXPENSES:
 
 
 
 
 
Salaries and related expenses
5,038.1

 
4,857.7

 
4,820.4

Office and general expenses
1,870.5

 
1,884.2

 
1,928.3

Total operating expenses
6,908.6

 
6,741.9

 
6,748.7

 
 
 
 
 
 
OPERATING INCOME
938.0

 
871.9

 
788.4

 
 
 
 
 
 
EXPENSES AND OTHER INCOME:
 
 
 
 
 
Interest expense
(90.6
)
 
(85.8
)
 
(84.9
)
Interest income
20.1

 
22.8

 
27.4

Other expense, net
(37.3
)
 
(46.7
)
 
(10.2
)
Total (expenses) and other income
(107.8
)
 
(109.7
)
 
(67.7
)
 
 
 
 
 
 
Income before income taxes
830.2

 
762.2

 
720.7

Provision for income taxes
198.0

 
282.8

 
216.5

Income of consolidated companies
632.2

 
479.4

 
504.2

Equity in net income of unconsolidated affiliates
0.3

 
1.1

 
1.2

NET INCOME
632.5

 
480.5

 
505.4

Net income attributable to noncontrolling interests
(24.0
)
 
(25.9
)
 
(28.3
)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS
$
608.5

 
$
454.6

 
$
477.1

 
 
 
 
 
 
Earnings per share available to IPG common stockholders:
 
 
 
 
 
Basic
$
1.53

 
$
1.11

 
$
1.14

Diluted
$
1.49

 
$
1.09

 
$
1.12

 
 
 
 
 
 
Weighted-average number of common shares outstanding:
 
 
 
 
 
Basic
397.9

 
408.1

 
419.2

Diluted
408.0

 
415.7

 
425.4

 
 
 
 
 
 
Dividends declared per common share
$
0.60

 
$
0.48

 
$
0.38


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

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