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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 16 Three Months Ended September 30, 2017 2016 NET INCOME $ 148.8 $ 132.7 OPERATING ACTIVITIES Depreciation & amortization 57.4 60.2 Deferred taxes (3.1 ) 6.8 Net losses (gains) on sales of businesses 8.7 (3.9 ) Other non-cash items 6.8 7.1 Change in working capital, net (198.1 ) 324.6 Other non-current assets & liabilities (6.4 ) (0.6 ) Net cash provided by operating activities 14.1 526.9 INVESTING ACTIVITIES Capital expenditures (39.8 ) (51.5 ) Acquisitions, net of cash acquired (10.0 ) (13.6 ) Other investing activities 5.3 (0.2 ) Net cash used in investing activities (44.5 ) (65.3 ) FINANCING ACTIVITIES Repurchases of common stock (101.0 ) (80.8 ) Common stock dividends (69.8 ) (59.5 ) Acquisition-related payments (12.8 ) (7.5 ) Distributions to noncontrolling interests (6.0 ) (3.6 ) Tax payments for employee shares withheld (0.6 ) 0.0 Repayments of long-term debt 0.0 (0.1 ) Exercise of stock options 0.3 0.4 Net increase (decrease) in short-term borrowings 276.4 (88.9 ) Other financing activities (0.2 ) 0.1 Net cash provided by (used in) financing activities 86.3 (239.9 ) Currency effect (7.8 ) (1.9 ) Increase in cash, cash equivalents and restricted cash $ 48.1 $ 219.8 Cash Flow