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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 07/27/2017
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Amounts in Millions)
(Unaudited)
 
June 30,
2017
 
December 31,
2016
ASSETS:
 
 
 
Cash and cash equivalents
$
657.6

 
$
1,097.6

Marketable securities
3.2

 
3.0

Accounts receivable, net of allowance of $56.8 and $55.7, respectively
3,762.2

 
4,389.7

Expenditures billable to clients
1,720.7

 
1,518.1

Assets held for sale
19.7

 
203.2

Other current assets
323.1

 
226.4

Total current assets
6,486.5

 
7,438.0

Property and equipment, net of accumulated depreciation of $1,020.7
and $961.6, respectively
635.0

 
622.0

Deferred income taxes
260.9

 
220.3

Goodwill
3,753.1

 
3,674.4

Other non-current assets
542.7

 
530.5

TOTAL ASSETS
$
11,678.2

 
$
12,485.2

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
5,872.0

 
$
6,303.6

Accrued liabilities
513.1

 
794.0

Short-term borrowings
237.7

 
85.7

Current portion of long-term debt
301.7

 
323.9

Liabilities held for sale
21.7

 
198.8

Total current liabilities
6,946.2

 
7,706.0

Long-term debt
1,283.1

 
1,280.7

Deferred compensation
461.8

 
480.7

Other non-current liabilities
731.4

 
708.3

TOTAL LIABILITIES
9,422.5

 
10,175.7

 
 
 
 
Redeemable noncontrolling interests (see Note 4)
243.4

 
252.8

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock
39.9

 
39.4

Additional paid-in capital
1,220.2

 
1,199.2

Retained earnings
1,774.9

 
1,804.3

Accumulated other comprehensive loss, net of tax
(874.2
)
 
(962.5
)
 
2,160.8

 
2,080.4

Less: Treasury stock
(178.3
)
 
(63.3
)
Total IPG stockholders’ equity
1,982.5

 
2,017.1

Noncontrolling interests
29.8

 
39.6

TOTAL STOCKHOLDERS’ EQUITY
2,012.3

 
2,056.7

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
11,678.2

 
$
12,485.2

 
The accompanying notes are an integral part of these unaudited financial statements.

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