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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 10/24/2017
Entire Document
 


THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED NON-GAAP RESULTS
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
Nine Months Ended September 30, 2017
 
As Reported
 
Net Losses on Sales of Businesses 1
 
U.S. Federal Tax Credits
 
Adjusted Results
Income Before Income Taxes
$
377.2

 
$
(20.9
)
 
 
 
$
398.1

Provision for Income Taxes
115.8

 
1.7

 
$
31.2

 
148.7

   Effective Tax Rate
30.7
%
 
 
 
 
 
37.4
%
Equity in Net Income of Unconsolidated Affiliates
0.1

 
 
 
 
 
0.1

Net Loss Attributable to Noncontrolling Interests
0.9

 
 
 
 
 
0.9

Net Income Available to IPG Common Stockholders
$
262.4

 
$
(19.2
)
 
$
31.2

 
$
250.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
391.2

 
 
 
 
 
391.2

Dilutive effect of stock options and restricted shares
7.4

 
 
 
 
 
7.4

Weighted-Average Number of Common Shares Outstanding - Diluted
398.6

 
 
 
 
 
398.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
 
 
  Basic
$
0.67

 
$
(0.05
)
 
$
0.08

 
$
0.64

  Diluted
$
0.66

 
$
(0.05
)
 
$
0.08

 
$
0.63

 
 
 
 
 
 
 
 
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.

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