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10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 10/26/2017
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)
(Unaudited)


Note 10:  Segment Information
As of September 30, 2017, we have two reportable segments: IAN and CMG. IAN is comprised of McCann Worldgroup, Foote, Cone & Belding ("FCB"), MullenLowe Group, IPG Mediabrands, our digital specialist agencies and our domestic integrated agencies. CMG is comprised of a number of our specialist marketing services offerings. We also report results for the “Corporate and other” group. The profitability measure employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance is segment operating income (loss). Segment information is presented consistently with the basis described in our 2016 Annual Report on Form 10-K.
Summarized financial information concerning our reportable segments is shown in the following tables.
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2017
 
2016
 
2017
 
2016
Revenue:
 
 
 
 
 
 
 
IAN
$
1,520.2

 
$
1,503.2

 
$
4,465.6

 
$
4,453.3

CMG
382.4

 
419.0

 
1,075.8

 
1,128.8

Total
$
1,902.6

 
$
1,922.2

 
$
5,541.4

 
$
5,582.1

 
 
 
 
 
 
 
 
Segment operating income (loss):
 
 
 
 
 
 
 
IAN
$
183.9

 
$
184.1

 
$
402.1

 
$
424.1

CMG
50.1

 
54.8

 
127.4

 
125.2

Corporate and other
(14.9
)
 
(30.9
)
 
(74.2
)
 
(94.0
)
Total
219.1

 
208.0

 
455.3

 
455.3

 
 
 
 
 
 
 
 
Interest expense
(21.0
)
 
(21.7
)
 
(67.6
)
 
(68.8
)
Interest income
4.1

 
4.7

 
14.0

 
16.1

Other (expense) income, net
(9.9
)
 
5.3

 
(24.5
)
 
(13.5
)
Income before income taxes
$
192.3

 
$
196.3

 
$
377.2

 
$
389.1

 
 
 
 
 
 
 
 
Depreciation and amortization of property and equipment and intangible assets:
 
 
 
 
 
 
 
IAN
$
30.7

 
$
29.1

 
$
90.8

 
$
85.9

CMG
4.6

 
4.9

 
15.2

 
14.6

Corporate and other
6.9

 
5.7

 
18.5

 
17.0

Total
$
42.2

 
$
39.7

 
$
124.5

 
$
117.5

 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
IAN
$
29.3

 
$
39.7

 
$
77.9

 
$
86.9

CMG
6.2

 
4.7

 
12.9

 
8.4

Corporate and other
4.3

 
7.1

 
17.9

 
19.2

Total
$
39.8

 
$
51.5

 
$
108.7

 
$
114.5

 
 
 
 
 
 
 
 
 
September 30,
2017
 
December 31,
2016
 
 
 
 
Total assets:
 
 
 
 
 
 
 
IAN
$
10,257.7

 
$
10,660.0

 
 
 
 
CMG
1,433.4

 
1,428.3

 
 
 
 
Corporate and other
25.0

 
396.9

 
 
 
 
Total
$
11,716.1

 
$
12,485.2

 
 
 
 
 


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