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8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 07/25/2017
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THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED SUMMARY OF EARNINGS
SECOND QUARTER REPORT 2017 AND 2016
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
 
 
Six months ended June 30,
 
 
2017
 
2016
 
Fav. (Unfav.)
% Variance
Revenue:
 
 
 
 
 
 
United States
$
2,272.3

 
$
2,260.3

 
0.5
 %
 
International
1,366.5

 
1,399.6

 
(2.4
)%
Total Revenue
3,638.8

 
3,659.9

 
(0.6
)%
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
Salaries and Related Expenses
2,514.7

 
2,498.3

 
(0.7
)%
 
Office and General Expenses
887.9

 
914.3

 
2.9
 %
Total Operating Expenses
3,402.6

 
3,412.6

 
0.3
 %
Operating Income
236.2

 
247.3

 
(4.5
)%
Operating Margin %
6.5
%
 
6.8
%
 
 
 
 
 
 
 
 
 
Expenses and Other Income:
 
 
 
 
 
 
Interest Expense
(46.6
)
 
(47.1
)
 
 
 
Interest Income
9.9

 
11.4

 
 
 
Other Expense, Net
(14.6
)
 
(18.8
)
 
 
Total (Expenses) and Other Income
(51.3
)
 
(54.5
)
 
 
 
 
 
 
 
 
 
Income Before Income Taxes
184.9

 
192.8

 
 
Provision for Income Taxes
73.3

 
28.1

 
 
Income of Consolidated Companies
111.6

 
164.7

 
 
 
Equity in Net Income (Loss) of Unconsolidated Affiliates
1.1

 
(1.8
)
 
 
Net Income
112.7

 
162.9

 
 
 
Net Loss (Income) Attributable to Noncontrolling Interests
3.5

 
(0.6
)
 
 
Net Income Available to IPG Common Stockholders
$
116.2

 
$
162.3

 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
Basic
$
0.30

 
$
0.41

 
 
Diluted
$
0.29

 
$
0.40

 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding:
 
 
 
 
 
Basic
392.0

 
400.4

 
 
Diluted
399.6

 
409.4

 
 
 
 
 
 
 
 
Dividends Declared Per Common Share
$
0.36

 
$
0.30

 
 
 
 
 
 
 
 
 
 
 
 
 
 




Interpublic Group 909 Third Avenue New York, NY 10022 212-704-1200 tel 212-704-1201 fax