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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 BALANCE SHEETS
(Amounts in Millions)
 
December 31, 2016
 
December 31, 2015
ASSETS:
 
 
 
Cash and cash equivalents
$
1,097.6

 
$
1,502.9

Marketable securities
3.0

 
6.8

Accounts receivable, net of allowance of $55.7 and $54.2
4,389.7

 
4,361.0

Expenditures billable to clients
1,518.1

 
1,594.4

Assets held for sale
203.2

 
12.1

Other current assets
226.4

 
215.9

Total current assets
7,438.0

 
7,693.1

Property and equipment, net
622.0

 
567.2

Deferred income taxes
220.3

 
228.4

Goodwill
3,674.4

 
3,608.5

Other non-current assets
530.5

 
487.9

TOTAL ASSETS
$
12,485.2

 
$
12,585.1

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
6,303.6

 
$
6,689.2

Accrued liabilities
794.0

 
748.4

Short-term borrowings
85.7

 
132.9

Current portion of long-term debt
323.9

 
1.9

Liabilities held for sale
198.8

 
11.9

Total current liabilities
7,706.0

 
7,584.3

Long-term debt
1,280.7

 
1,610.3

Deferred compensation
480.7

 
464.2

Other non-current liabilities
708.3

 
672.6

TOTAL LIABILITIES
10,175.7

 
10,331.4

 
 
 
 
Commitments and contingencies (see Note 13)
 
 
 
Redeemable noncontrolling interests (see Note 4)
252.8

 
251.9

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock, $0.10 par value, shares authorized: 800.0
shares issued: 2016 – 394.3; 2015 – 404.4
shares outstanding: 2016 – 391.6; 2015 – 401.3
39.4

 
40.4

Additional paid-in capital
1,199.2

 
1,404.1

Retained earnings
1,804.3

 
1,437.6

Accumulated other comprehensive loss, net of tax
(962.5
)
 
(845.6
)
 
2,080.4

 
2,036.5

Less: Treasury stock, at cost: 2016 - 2.7 shares; 2015 - 3.1 shares
(63.3
)
 
(71.0
)
Total IPG stockholders’ equity
2,017.1

 
1,965.5

Noncontrolling interests
39.6

 
36.3

TOTAL STOCKHOLDERS’ EQUITY
2,056.7

 
2,001.8

TOTAL LIABILITIES AND EQUITY
$
12,485.2

 
$
12,585.1


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

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