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SEC Filings

8-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 8-K on 10/30/2017
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
RECONCILIATION OF ADJUSTED NON-GAAP RESULTS
(Amounts in Millions except Per Share Data)
(UNAUDITED)
 
 
 
Three Months Ended September 30, 2017
 
As Reported
 
Net Losses on Sales of Businesses 1
 
U.S. Federal Tax Credits
 
Adjusted Results
Income Before Income Taxes
$
192.3

 
$
(8.7
)
 
 
 
$
201.0

Provision for Income Taxes
42.5

 
1.7

 
$
31.2

 
75.4

   Effective Tax Rate
22.1
%
 
 
 
 
 
37.5
%
Equity in Net Loss of Unconsolidated Affiliates
(1.0
)
 
 
 
 
 
(1.0
)
Net Income Attributable to Noncontrolling Interests
(2.6
)
 
 
 
 
 
(2.6
)
Net Income Available to IPG Common Stockholders
$
146.2

 
$
(7.0
)
 
$
31.2

 
$
122.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
389.5

 
 
 
 
 
389.5

Dilutive effect of stock options and restricted shares
7.7

 
 
 
 
 
7.7

Weighted-Average Number of Common Shares Outstanding - Diluted
397.2

 
 
 
 
 
397.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
 
 
  Basic
$
0.38

 
$
(0.02
)
 
$
0.08

 
$
0.31

  Diluted
$
0.37

 
$
(0.02
)
 
$
0.08

 
$
0.31

 
 
 
 
 
 
 
 
1 Includes losses on completed dispositions and the classification of certain assets as held for sale.
 
 
 
 
 
 
 
 
Note: 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.

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