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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 22 Three Months Ended September 30, 2016 As Reported Gains on Sales of Businesses Adjusted Results Income Before Income Taxes $ 196.3 $ 3.9 $ 192.4 Provision for Income Taxes 63.8 63.8 Effective Tax Rate 32.5 % 33.2 % Equity in Net Income of Unconsolidated Affiliates 0.2 0.2 Net Income Attributable to Noncontrolling Interests (4.1 ) (4.1 ) Net Income Available to IPG Common Stockholders $ 128.6 $ 3.9 $ 124.7 Weighted-Average Number of Common Shares Outstanding - Basic 397.7 397.7 Dilutive Effect of Stock Options and Restricted Shares 10.2 10.2 Weighted-Average Number of Common Shares Outstanding - Diluted 407.9 407.9 Earnings per Share Available to IPG Common Stockholders: Basic $ 0.32 $ 0.01 $ 0.31 Diluted $ 0.32 $ 0.01 $ 0.31 Reconciliation of Adjusted Results (1) (1) The following table reconciles our reported results to our adjusted non-GAAP results that exclude the gains on sales of businesses in our international markets, primarily in Continental Europe. The effect of the adoption of the Financial Accounting Standards Board Accounting Standards Update 2016-09, which was previously included in this table in 2016, has now been removed as the effect of the adoption is included in both periods presented within this presentation. 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.