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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 04/21/2017
Entire Document
 

PART I – FINANCIAL INFORMATION
Item 1.
Financial Statements (Unaudited)
THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Millions, Except Per Share Amounts)
(Unaudited)
 
Three months ended
March 31,
 
2017
 
2016
REVENUE
$
1,753.9

 
$
1,742.0

 
 
 
 
OPERATING EXPENSES:
 
 
 
Salaries and related expenses
1,275.4

 
1,268.8

Office and general expenses
448.8

 
450.2

Total operating expenses
1,724.2

 
1,719.0

 
 
 
 
OPERATING INCOME
29.7

 
23.0

 
 
 
 
EXPENSES AND OTHER INCOME:
 
 
 
Interest expense
(20.9
)
 
(22.6
)
Interest income
5.2

 
5.8

Other income (expense), net
0.8

 
(19.2
)
Total (expenses) and other income
(14.9
)
 
(36.0
)
 
 
 
 
Income (loss) before income taxes
14.8

 
(13.0
)
Benefit of income taxes
(2.1
)
 
(15.6
)
Income of consolidated companies
16.9

 
2.6

Equity in net income of unconsolidated affiliates
1.2

 
0.1

NET INCOME
18.1

 
2.7

Net loss attributable to noncontrolling interests
3.4

 
2.7

NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS
$
21.5

 
$
5.4

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

 
$
0.01

Diluted
$
0.05

 
$
0.01

 
 
 
 
Weighted-average number of common shares outstanding:
 
 
 
Basic
391.7

 
400.6

Diluted
399.3

 
409.3

 
 
 
 
Dividends declared per common share
$
0.18

 
$
0.15

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

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