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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, 2016
 
As Reported
 
Losses on Sales of Businesses
 
Valuation Allowance Reversals
 
Settlement of Certain Tax Positions
 
Adjusted Results 1
Income Before Income Taxes
$
192.8

 
$
(20.0
)
 
 
 
 
 
$
212.8

Provision for Income Taxes
28.1

 
0.4

 
$
12.2

 
$
23.4

 
64.1

   Effective Tax Rate
14.6
%
 
 
 
 
 
 
 
30.1
%
Equity in Net Loss of Unconsolidated Affiliates
(1.8
)
 
 
 
 
 
 
 
(1.8
)
Net Income Attributable to Noncontrolling Interests
(0.6
)
 
 
 
 
 
 
 
(0.6
)
Net Income Available to IPG Common Stockholders
$
162.3

 
$
(19.6
)
 
$
12.2

 
$
23.4

 
$
146.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
400.4

 
 
 
 
 
 
 
400.4

Add: Effect of Dilutive Securities
 
 
 
 
 
 
 
 
 
   Restricted Stock, Stock Options and Other Equity Awards
9.0

 
 
 
 
 
 
 
9.0

Weighted-Average Number of Common Shares Outstanding - Diluted
409.4

 
 
 
 
 
 
 
409.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
 
 
 
 
  Basic
$
0.41

 
$
(0.05
)
 
$
0.03

 
$
0.06

 
$
0.37

  Diluted
$
0.40

 
$
(0.05
)
 
$
0.03

 
$
0.06

 
$
0.36

 
 
 
 
 
 
 
 
 
 
1 The effect of the adoption of the Financial Accounting Standards Board Accounting Standards Update 2016-09, which was previously included in this table in 2016, has now been removed as the effect of the adoption is reflected in both periods.
 
 
 
 
 
 
 
 
 
 
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