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SEC Filings

INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 07/25/2017
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Reconciliation of Adjusted Results(1) Page 23 (Amounts in Millions, except per share amounts) (1) The following table reconciles our reported results to our adjusted non-GAAP results that exclude the losses on sales of businesses in our international markets, primarily in Continental Europe, valuation allowance reversals as a result of the disposition of those businesses in Continental Europe and the release of reserves related to the conclusion and settlement of a tax examination of previous tax years. The losses on sales of businesses amount includes losses on completed dispositions and the classification of certain assets as held for sale during the first half of 2016. 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 included in both periods presented within this presentation. 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. As Reported Losses on Sales of Businesses Valuation Allowance Reversals Settlement of Certain Tax Positions Adjusted Results Income Before Income Taxes 192.8$ (20.0)$ 212.8$ Provision for Income Taxes 28.1 0.4 12.2$ 23.4$ 64.1 Equity in Net Loss of Unconsolidated Affiliates (1.8) (1.8) Net Income Attributable to Noncontrolling Interests (0.6) (0.6) 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 Aw ards 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$ Earnings Per Share Available to IPG Common Stockholders - Diluted 0.40$ (0.05)$ 0.03$ 0.06$ 0.36$ Six Months Ended June 30, 2016 Net lncome Available to IPG Common Stockholders