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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 COMPREHENSIVE INCOME
(Amounts in Millions)
 
Years ended December 31,
 
2016
 
2015
 
2014
NET INCOME
$
632.5

 
$
480.5

 
$
505.4

 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME
 
 
 
 
 
Foreign currency translation:
 
 
 
 
 
Foreign currency translation adjustments
(55.9
)
 
(256.8
)
 
(194.3
)
Less: reclassification adjustments recognized in net income
3.7

 
23.3

 
(0.9
)
 
(52.2
)
 
(233.5
)
 
(195.2
)
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
Changes in market value of available-for-sale securities
0.5

 
0.5

 
0.7

Less: recognition of previously unrealized gains included in net income
(1.3
)
 
0.0

 
0.0

Income tax effect
0.1

 
0.0

 
(0.3
)
 
(0.7
)
 
0.5

 
0.4

 
 
 
 
 
 
Derivative instruments:
 
 
 
 
 
Changes in fair value of derivative instruments
0.0

 
0.0

 
(0.6
)
Less: recognition of previously unrealized losses included in net income
2.0

 
2.0

 
1.9

Income tax effect
(0.8
)
 
(0.7
)
 
(0.5
)
 
1.2

 
1.3

 
0.8

 
 
 
 
 
 
Defined benefit pension and other postretirement plans:
 
 
 
 
 
Net actuarial (losses) gains for the period
(85.4
)
 
14.2

 
(55.5
)
Less: amortization of unrecognized losses, transition obligation and
prior service cost included in net income
5.4

 
10.6

 
10.0

Less: settlement and curtailment losses (gains) included in net income
0.4

 
(0.2
)
 
0.5

Other
(2.0
)
 
0.4

 
0.5

Income tax effect
15.3

 
(6.4
)
 
10.4

 
(66.3
)
 
18.6

 
(34.1
)
 
 
 
 
 
 
Other comprehensive loss, net of tax
(118.0
)
 
(213.1
)
 
(228.1
)
TOTAL COMPREHENSIVE INCOME
514.5

 
267.4

 
277.3

Less: comprehensive income attributable to noncontrolling interest
22.9

 
21.7

 
25.7

COMPREHENSIVE INCOME ATTRIBUTABLE TO IPG
$
491.6

 
$
245.7

 
$
251.6


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


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