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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, 2016
 
As Reported
 
Losses on Sales of Businesses
 
Settlement of Certain Tax Positions
 
Adjusted Results 1
Income Before Income Taxes
$
205.8

 
$
(3.7
)
 
 
 
$
209.5

Provision for Income Taxes
43.7

 
 
 
$
23.4

 
67.1

   Effective Tax Rate
21.2
%
 
 
 
 
 
32.0
%
Equity in Net Loss of Unconsolidated Affiliates
(1.9
)
 
 
 
 
 
(1.9
)
Net Income Attributable to Noncontrolling Interests
(3.3
)
 
 
 
 
 
(3.3
)
Net Income Available to IPG Common Stockholders
$
156.9

 
$
(3.7
)
 
$
23.4

 
$
137.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
400.1

 
 
 
 
 
400.1

Add: Effect of Dilutive Securities
 
 
 
 
 
 
 
   Restricted Stock, Stock Options and Other Equity Awards
9.7

 
 
 
 
 
9.7

Weighted-Average Number of Common Shares Outstanding - Diluted
409.8

 
 
 
 
 
409.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
 
 
  Basic
$
0.39

 
$
(0.01
)
 
$
0.06

 
$
0.34

  Diluted
$
0.38

 
$
(0.01
)
 
$
0.06

 
$
0.33

 
 
 
 
 
 
 
 
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.

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