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8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 10/24/2017
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THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED SUMMARY OF EARNINGS
THIRD QUARTER REPORT 2017 AND 2016
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
 
 
Three Months Ended September 30,
 
 
2017
 
2016
 
Fav. (Unfav.)
% Variance
Revenue:
 
 
 
 
 
 
United States
$
1,156.0

 
$
1,165.9

 
(0.8
)%
 
International
746.6

 
756.3

 
(1.3
)%
Total Revenue
1,902.6

 
1,922.2

 
(1.0
)%
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
Salaries and Related Expenses
1,227.6

 
1,228.0

 
0.0
 %
 
Office and General Expenses
455.9

 
486.2

 
6.2
 %
Total Operating Expenses
1,683.5

 
1,714.2

 
1.8
 %
Operating Income
219.1

 
208.0

 
5.3
 %
Operating Margin %
11.5
%
 
10.8
%
 
 
 
 
 
 
 
 
 
Expenses and Other Income:
 
 
 
 
 
 
Interest Expense
(21.0
)
 
(21.7
)
 
 
 
Interest Income
4.1

 
4.7

 
 
 
Other (Expense) Income, Net
(9.9
)
 
5.3

 
 
Total (Expenses) and Other Income
(26.8
)
 
(11.7
)
 
 
 
 
 
 
 
 
 
Income Before Income Taxes
192.3

 
196.3

 
 
Provision for Income Taxes
42.5

 
63.8

 
 
Income of Consolidated Companies
149.8

 
132.5

 
 
 
Equity in Net (Loss) Income of Unconsolidated Affiliates
(1.0
)
 
0.2

 
 
Net Income
148.8

 
132.7

 
 
 
Net Income Attributable to Noncontrolling Interests
(2.6
)
 
(4.1
)
 
 
Net Income Available to IPG Common Stockholders
$
146.2

 
$
128.6

 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
Basic
$
0.38

 
$
0.32

 
 
Diluted
$
0.37

 
$
0.32

 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding:
 
 
 
 
 
Basic
389.5

 
397.7

 
 
Diluted
397.2

 
407.9

 
 
 
 
 
 
 
 
Dividends Declared Per Common Share
$
0.18

 
$
0.15

 
 
 
 
 
 
 
 
 
 
 
 
 
 

Interpublic Group 909 Third Avenue New York, NY 10022 212-704-1200 tel 212-704-1201 fax