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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 10/24/2017
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(Amounts in Millions, except per share amounts) Page 21 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 As Reported Net Losses on Sales of Businesses U.S. Federal Tax Credits Adjusted Results As Reported Net Losses on Sales of Businesses U.S. Federal Tax Credits Adjusted Results Income Before Income Taxes $ 192.3 $ (8.7 ) $ 201.0 $ 377.2 $ (20.9 ) $ 398.1 Provision for Income Taxes 42.5 1.7 $ 31.2 75.4 115.8 1.7 $ 31.2 148.7 Effective Tax Rate 22.1 % 37.5 % 30.7 % 37.4 % Equity in Net (Loss) Income of Unconsolidated Affiliates (1.0 ) (1.0 ) 0.1 0.1 Net (Income) Loss Attributable to Noncontrolling Interests (2.6 ) (2.6 ) 0.9 0.9 Net Income Available to IPG Common Stockholders $ 146.2 $ (7.0 ) $ 31.2 $ 122.0 $ 262.4 $ (19.2 ) $ 31.2 $ 250.4 Weighted-Average Number of Common Shares Outstanding - Basic 389.5 389.5 391.2 391.2 Dilutive Effect of Stock Options and Restricted Shares 7.7 7.7 7.4 7.4 Weighted-Average Number of Common Shares Outstanding - Diluted 397.2 397.2 398.6 398.6 Earnings per Share Available to IPG Common Stockholders: Basic $ 0.38 $ (0.02 ) $ 0.08 $ 0.31 $ 0.67 $ (0.05 ) $ 0.08 $ 0.64 Diluted $ 0.37 $ (0.02 ) $ 0.08 $ 0.31 $ 0.66 $ (0.05 ) $ 0.08 $ 0.63 Reconciliation of Adjusted Results (1) (1) The following table reconciles our reported results to our adjusted non-GAAP results that exclude the net losses on sales of businesses and a benefit related to foreign tax credits from distributions of unremitted earnings. 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.