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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 STOCKHOLDERS’ EQUITY
(Amounts in Millions)
 
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, 2013
530.9

 
$
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
3.0

 
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
412.8

 
$
41.2

 
$
1,547.5

 
$
1,183.3

 
$
(636.7
)
 
$
(19.0
)
 
$
2,116.3

 
$
34.9

 
$
2,151.2

Net income
 
 
 
 
 
 
454.6

 
 
 
 
 
454.6

 
25.9

 
480.5

Other comprehensive loss
 
 
 
 
 
 
 
 
(208.9
)
 
 
 
(208.9
)
 
(4.2
)
 
(213.1
)
Reclassifications related to redeemable
noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(6.0
)
 
(6.0
)
Noncontrolling interest transactions
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.2

 
1.2

Distributions to noncontrolling interests
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(15.9
)
 
(15.9
)
Change in redemption value of redeemable
noncontrolling interests
 
 
 
 
 
 
(3.9
)
 
 
 
 
 
(3.9
)
 
 
 
(3.9
)
Repurchase of common stock
 
 
 
 
 
 
 
 
 
 
(285.2
)
 
(285.2
)
 
 
 
(285.2
)
Retirement of treasury stock
(11.3
)
 
(1.2
)
 
(232.0
)
 
 
 
 
 
233.2

 
0.0

 
 
 
0.0

Common stock dividends
 
 
 
 
 
 
(195.5
)
 
 
 
 
 
(195.5
)
 
 
 
(195.5
)
Stock-based compensation
2.4

 
0.3

 
83.1

 
 
 
 
 
 
 
83.4

 
 
 
83.4

Exercise of stock options
1.3

 
0.2

 
13.5

 
 
 
 
 
 
 
13.7

 
 
 
13.7

Shares withheld for taxes
(0.8
)
 
(0.1
)
 
(17.7
)
 
 
 
 
 
 
 
(17.8
)
 
 
 
(17.8
)
Excess tax benefit from stock-based compensation
 
 
 
 
10.2

 
 
 
 
 
 
 
10.2

 
 
 
10.2

Other
 
 
 
 
(0.5
)
 
(0.9
)
 
 
 
 
 
(1.4
)
 
0.4

 
(1.0
)
Balance at December 31, 2015
404.4

 
$
40.4

 
$
1,404.1

 
$
1,437.6

 
$
(845.6
)
 
$
(71.0
)
 
$
1,965.5

 
$
36.3

 
$
2,001.8

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

41