IPG
    Print Page  Close Window

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
CONSOLIDATED SUMMARY OF EARNINGS
SECOND QUARTER REPORT 2017 AND 2016
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
 
 
Three months ended June 30,
 
 
2017
 
2016
 
Fav. (Unfav.)
% Variance
Revenue:
 
 
 
 
 
 
United States
$
1,160.5

 
$
1,169.1

 
(0.7
)%
 
International
724.4

 
748.8

 
(3.3
)%
Total Revenue
1,884.9

 
1,917.9

 
(1.7
)%
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
Salaries and Related Expenses
1,239.3

 
1,229.5

 
(0.8
)%
 
Office and General Expenses
439.1

 
464.1

 
5.4
 %
Total Operating Expenses
1,678.4

 
1,693.6

 
0.9
 %
Operating Income
206.5

 
224.3

 
(7.9
)%
Operating Margin %
11.0
%
 
11.7
%
 
 
 
 
 
 
 
 
 
Expenses and Other Income:
 
 
 
 
 
 
Interest Expense
(25.7
)
 
(24.5
)
 
 
 
Interest Income
4.7

 
5.6

 
 
 
Other (Expense) Income, Net
(15.4
)
 
0.4

 
 
Total (Expenses) and Other Income
(36.4
)
 
(18.5
)
 
 
 
 
 
 
 
 
 
Income Before Income Taxes
170.1

 
205.8

 
 
Provision for Income Taxes
75.4

 
43.7

 
 
Income of Consolidated Companies
94.7

 
162.1

 
 
 
Equity in Net Loss of Unconsolidated Affiliates
(0.1
)
 
(1.9
)
 
 
Net Income
94.6

 
160.2

 
 
 
Net Loss (Income) Attributable to Noncontrolling Interests
0.1

 
(3.3
)
 
 
Net Income Available to IPG Common Stockholders
$
94.7

 
$
156.9

 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
Basic
$
0.24

 
$
0.39

 
 
Diluted
$
0.24

 
$
0.38

 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding:
 
 
 
 
 
Basic
392.3

 
400.1

 
 
Diluted
400.3

 
409.8

 
 
 
 
 
 
 
 
Dividends Declared Per Common Share
$
0.18

 
$
0.15

 
 
 
 
 
 
 
 
 
 
 
 
 
 

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