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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 07/25/2017
Entire Document
 


THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED NON-GAAP RESULTS
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
Six Months Ended June 30, 2017
 
As Reported
 
Net Losses on Sales of Businesses 1
 
Adjusted Results
Income Before Income Taxes
$
184.9

 
$
(12.2
)
 
$
197.1

Provision for Income Taxes
73.3

 
 
 
73.3

   Effective Tax Rate
39.6
%
 
 
 
37.2
%
Equity in Net Income of Unconsolidated Affiliates
1.1

 
 
 
1.1

Net Loss Attributable to Noncontrolling Interests
3.5

 
 
 
3.5

Net Income Available to IPG Common Stockholders
$
116.2

 
$
(12.2
)
 
$
128.4

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
392.0

 
 
 
392.0

Add: Effect of Dilutive Securities
 
 
 
 
 
   Restricted Stock, Stock Options and Other Equity Awards
7.6

 
 
 
7.6

Weighted-Average Number of Common Shares Outstanding - Diluted
399.6

 
 
 
399.6

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

 
$
(0.03
)
 
$
0.33

  Diluted
$
0.29

 
$
(0.03
)
 
$
0.32

 
 
 
 
 
 
1 Includes losses on completed dispositions and the classification of certain assets as held for sale.
 
 
 
 
 
 
Note: Management believes the resulting comparisons provide useful supplemental data that, while not a substitute for GAAP measures, allow for greater transparency in the review of our financial and operational performance.

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