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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 07/26/2017
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED NON-GAAP RESULTS
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
Three Months Ended June 30, 2017
 
As Reported
 
Net Losses on Sales of Businesses 1
 
Adjusted Results
Income Before Income Taxes
$
170.1

 
$
(13.1
)
 
$
183.2

Provision for Income Taxes
75.4

 
 
 
75.4

   Effective Tax Rate
44.3
%
 
 
 
41.2
%
Equity in Net Loss of Unconsolidated Affiliates
(0.1
)
 
 
 
(0.1
)
Net Loss Attributable to Noncontrolling Interests
0.1

 
 
 
0.1

Net Income Available to IPG Common Stockholders
$
94.7

 
$
(13.1
)
 
$
107.8

 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
392.3

 
 
 
392.3

Add: Effect of Dilutive Securities
 
 
 
 
 
   Restricted Stock, Stock Options and Other Equity Awards
8.0

 
 
 
8.0

Weighted-Average Number of Common Shares Outstanding - Diluted
400.3

 
 
 
400.3

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

 
$
(0.03
)
 
$
0.27

  Diluted
$
0.24

 
$
(0.03
)
 
$
0.27

 
 
 
 
 
 
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.

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