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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 income tax provision in the third quarter of 2017 was $42.5 million on income before income taxes of $192.3 million, compared to a provision of $63.8 million on income before income taxes of $196.3 million in the same period in 2016.

The income tax provision in the first nine months of 2017 was $115.8 million on income before taxes of $377.2 million, compared to a provision of $91.9 million on income before income taxes of $389.1 million in the same period in 2016.

Balance Sheet
At September 30, 2017, cash, cash equivalents and marketable securities totaled $705.0 million, compared to $1.10 billion at December 31, 2016 and $894.6 million at September 30, 2016. Total debt was $2.10 billion at September 30, 2017, compared to $1.69 billion at December 31, 2016.

Share Repurchase Program and Common Stock Dividend
During the third quarter of 2017, the company repurchased 4.7 million shares of its common stock at an aggregate cost of $101.0 million and an average price of $21.69 per share, including fees. During the first nine months of 2017, the company repurchased 9.4 million shares of its common stock at an aggregate cost of $216.0 million and an average price of $22.92 per share, including fees.

During the third quarter of 2017, the company declared and paid a common stock cash dividend of $0.18 per share, for a total of $69.8 million.

For further information regarding the company's financial results as well as certain non-GAAP measures and the reconciliation thereof, please refer to pages 18 and 19 of the earnings materials filed on Form 8-K here with and available on our website, www.interpublic.com.

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