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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 07/25/2017
Entire Document
 
 
Reconciliation of Adjusted Results(1) Page 21 (Amounts in Millions, except per share amounts) As Reported Net Losses on Sales of Businesses Adjusted Results As Reported Net Losses on Sales of Businesses Adjusted Results Income Before Income Taxes 170.1$ (13.1)$ 183.2$ 184.9$ (12.2)$ 197.1$ Provision for Income Taxes 75.4 75.4 73.3 73.3 Equity in Net (Loss) Income of Unconsolidated Affiliates (0.1) (0.1) 1.1 1.1 Net Loss Attributable to Noncontrolling Interests 0.1 0.1 3.5 3.5 94.7$ (13.1)$ 107.8$ 116.2$ (12.2)$ 128.4$ Weighted-Average Number of Common Shares Outstanding - Basic 392.3 392.3 392.0 392.0 Add: Effect of Dilutive Securities Restricted Stock, Stock Options and Other Equity Aw ards 8.0 8.0 7.6 7.6 Weighted-Average Number of Common Shares Outstanding - Diluted 400.3 400.3 399.6 399.6 Earnings Per Share Available to IPG Common Stockholders - Basic 0.24$ (0.03)$ 0.27$ 0.30$ (0.03)$ 0.33$ Earnings Per Share Available to IPG Common Stockholders - Diluted 0.24$ (0.03)$ 0.27$ 0.29$ (0.03)$ 0.32$ Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Net lncome Available to IPG Common Stockholders (1) The following table reconciles our reported results to our adjusted non-GAAP results that exclude the net losses on sales of businesses, primarily in our international markets. This amount includes losses on completed dispositions and the classification of certain assets as held for sale during 2017. 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.