IPG
    Print Page  Close Window

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)
 
 
 
Nine Months Ended September 30, 2016
 
As Reported
 
Net Losses on Sales of Businesses
 
Valuation Allowance Reversals
 
Settlement of Certain Tax Positions
 
Adjusted Results 1
Income Before Income Taxes
$
389.1

 
$
(16.1
)
 
 
 
 
 
$
405.2

Provision for Income Taxes
91.9

 
0.4

 
$
12.2

 
$
23.4

 
127.9

   Effective Tax Rate
23.6
%
 
 
 
 
 
 
 
31.6
%
Equity in Net Loss of Unconsolidated Affiliates
(1.6
)
 
 
 
 
 
 
 
(1.6
)
Net Income Attributable to Noncontrolling Interests
(4.7
)
 
 
 
 
 
 
 
(4.7
)
Net Income Available to IPG Common Stockholders
$
290.9

 
$
(15.7
)
 
$
12.2

 
$
23.4

 
$
271.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-Average Number of Common Shares Outstanding - Basic
399.5

 
 
 
 
 
 
 
399.5

Dilutive effect of stock options and restricted shares
9.3

 
 
 
 
 
 
 
9.3

Weighted-Average Number of Common Shares Outstanding - Diluted
408.8

 
 
 
 
 
 
 
408.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share Available to IPG Common Stockholders:
 
 
 
 
 
 
 
 
 
  Basic
$
0.73

 
$
(0.04
)
 
$
0.03

 
$
0.06

 
$
0.68

  Diluted
$
0.71

 
$
(0.04
)
 
$
0.03

 
$
0.06

 
$
0.66

 
 
 
 
 
 
 
 
 
 
1 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 reflected in both periods.
 
 
 
 
 
 
 
 
 
 
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.












24