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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 10/24/2017
Entire Document
 
 
($ in Millions) Page 10 Nine Months Ended September 30, 2017 2016 NET INCOME $ 261.5 $ 295.6 OPERATING ACTIVITIES Depreciation & amortization 188.5 180.7 Deferred taxes (1.6 ) 2.6 Net losses on sales of businesses 20.9 16.1 Other non-cash items 25.6 43.4 Change in working capital, net (612.5 ) (491.8 ) Other non-current assets & liabilities (21.4 ) (73.5 ) Net cash used in operating activities (139.0 ) (26.9 ) INVESTING ACTIVITIES Capital expenditures (108.7 ) (114.5 ) Acquisitions, net of cash acquired (22.6 ) (47.9 ) Other investing activities (9.2 ) (5.1 ) Net cash used in investing activities (140.5 ) (167.5 ) FINANCING ACTIVITIES Repurchases of common stock (216.0 ) (193.3 ) Common stock dividends (211.2 ) (179.6 ) Acquisition-related payments (49.1 ) (36.7 ) Tax payments for employee shares withheld (38.4 ) (22.7 ) Repayments of long-term debt (23.6 ) (1.1 ) Distributions to noncontrolling interests (16.9 ) (10.8 ) Net increase (decrease) in short-term borrowings 429.9 (33.9 ) Exercise of stock options 12.1 10.2 Other financing activities 0.1 1.0 Net cash used in financing activities (113.1 ) (466.9 ) Currency effect 0.4 50.7 Net decrease in cash, cash equivalents and restricted cash $ (392.2 ) $ (610.6 ) Cash Flow