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SEC Filings

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

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in Millions)
(Unaudited)
 
March 31,
2017
 
December 31,
2016
ASSETS:
 
 
 
Cash and cash equivalents
$
775.0

 
$
1,097.6

Marketable securities
3.1

 
3.0

Accounts receivable, net of allowance of $61.0 and $55.7, respectively
3,641.5

 
4,389.7

Expenditures billable to clients
1,742.7

 
1,518.1

Assets held for sale
108.7

 
203.2

Other current assets
318.5

 
226.4

Total current assets
6,589.5

 
7,438.0

Property and equipment, net of accumulated depreciation of $989.0
and $961.6, respectively
616.3

 
622.0

Deferred income taxes
243.6

 
220.3

Goodwill
3,703.5

 
3,674.4

Other non-current assets
545.0

 
530.5

TOTAL ASSETS
$
11,697.9

 
$
12,485.2

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
5,672.6

 
$
6,303.6

Accrued liabilities
572.0

 
794.0

Short-term borrowings
310.8

 
85.7

Current portion of long-term debt
324.1

 
323.9

Liabilities held for sale
111.2

 
198.8

Total current liabilities
6,990.7

 
7,706.0

Long-term debt
1,281.9

 
1,280.7

Deferred compensation
459.3

 
480.7

Other non-current liabilities
728.4

 
708.3

TOTAL LIABILITIES
9,460.3

 
10,175.7

 
 
 
 
Redeemable noncontrolling interests (see Note 4)
241.2

 
252.8

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock
39.8

 
39.4

Additional paid-in capital
1,199.7

 
1,199.2

Retained earnings
1,751.2

 
1,804.3

Accumulated other comprehensive loss, net of tax
(909.4
)
 
(962.5
)
 
2,081.3

 
2,080.4

Less: Treasury stock
(118.3
)
 
(63.3
)
Total IPG stockholders’ equity
1,963.0

 
2,017.1

Noncontrolling interests
33.4

 
39.6

TOTAL STOCKHOLDERS’ EQUITY
1,996.4

 
2,056.7

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
11,697.9

 
$
12,485.2

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

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