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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 10/26/2017
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in Millions)
(Unaudited)
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2017
 
2016
 
2017
 
2016
NET INCOME
$
148.8

 
$
132.7

 
$
261.5

 
$
295.6

 
 
 
 
 
 
 
 
OTHER COMPREHENSIVE INCOME (LOSS)
 
 
 
 
 
 
 
Foreign currency translation:
 
 
 
 
 
 
 
Foreign currency translation adjustments
29.2

 
4.4

 
114.0

 
43.5

Reclassification adjustments recognized in net income
1.5

 
(4.2
)
 
1.8

 
2.3

 
30.7

 
0.2

 
115.8

 
45.8

 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
Changes in fair value of available-for-sale securities
(0.1
)
 
0.2

 
0.0

 
0.4

Recognition of previously unrealized gains in net income
(0.7
)
 
(0.1
)
 
(0.7
)
 
(1.3
)
Income tax effect
0.1

 
0.1

 
0.1

 
0.1

 
(0.7
)
 
0.2

 
(0.6
)
 
(0.8
)
 
 
 
 
 
 
 
 
Derivative instruments:
 
 
 
 
 
 
 
Recognition of previously unrealized losses in net income
0.5

 
0.5

 
1.6

 
1.5

Income tax effect
(0.2
)
 
(0.2
)
 
(0.6
)
 
(0.6
)
 
0.3

 
0.3

 
1.0

 
0.9

 
 
 
 
 
 
 
 
Defined benefit pension and other postretirement plans:
 
 
 
 
 
 
 
Net actuarial gains (losses) for the period
8.2

 
(79.2
)
 
9.0

 
(78.4
)
Amortization of unrecognized losses, transition obligation and prior service cost included in net income
1.7

 
1.2

 
5.2

 
3.7

Settlement and curtailment losses included in net income
4.0

 
0.1

 
4.0

 
0.3

Other
0.0

 
0.0

 
(0.6
)
 
0.0

Income tax effect
(2.8
)
 
13.0

 
(3.4
)
 
12.5

 
11.1

 
(64.9
)
 
14.2

 
(61.9
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss), net of tax
41.4

 
(64.2
)
 
130.4

 
(16.0
)
TOTAL COMPREHENSIVE INCOME
190.2

 
68.5

 
391.9

 
279.6

Less: comprehensive income (loss) attributable to noncontrolling interests
2.5

 
5.4

 
(0.3
)
 
5.9

COMPREHENSIVE INCOME ATTRIBUTABLE TO IPG
$
187.7

 
$
63.1

 
$
392.2

 
$
273.7


The accompanying notes are an integral part of these unaudited financial statements.

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