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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 04/21/2017
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)
(Unaudited)


Note 3:  Earnings Per Share
The following sets forth basic and diluted earnings per common share available to IPG common stockholders.
 
Three months ended
March 31,
 
2017
 
2016
Net income available to IPG common stockholders
$
21.5

 
$
5.4

 
 
 
 
Weighted-average number of common shares outstanding - basic
391.7

 
400.6

Add: Effect of dilutive securities
 
 
 
       Restricted stock, stock options and other equity awards
7.6

 
8.7

Weighted-average number of common shares outstanding - diluted
399.3

 
409.3

 
 
 
 
Earnings per share available to IPG common stockholders:
 
 
 
       Basic
$
0.05

 
$
0.01

       Diluted
$
0.05

 
$
0.01


Note 4:  Supplementary Data
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
March 31,
2017
 
December 31,
2016
Salaries, benefits and related expenses
$
301.7

 
$
499.0

Acquisition obligations
91.1

 
77.5

Office and related expenses
46.7

 
46.7

Interest
17.2

 
17.3

Other
115.3

 
153.5

Total accrued liabilities
$
572.0

 
$
794.0


Other Income (Expense), Net
Results of operations for the three months ended March 31, 2017 and 2016 include certain items that are not directly associated with our revenue-producing operations.
 
Three months ended
March 31,
 
2017
 
2016
Gains (losses) on sales of businesses and investments
$
1.0

 
$
(16.3
)
Other expense, net
(0.2
)
 
(2.9
)
Total other income (expense), net
$
0.8

 
$
(19.2
)
Gains (Losses) on Sales of Businesses and Investments – During the three months ended March 31, 2016, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of accounts receivable and accounts payable, respectively, as held for sale within our Integrated Agency Networks ("IAN") operating segment.


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