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