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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 BALANCE SHEETS
(Amounts in Millions)
(Unaudited)
 
September 30,
2017
 
December 31,
2016
ASSETS:
 
 
 
Cash and cash equivalents
$
704.9

 
$
1,097.6

Accounts receivable, net of allowance of $45.8 and $55.7, respectively
3,696.1

 
4,389.7

Expenditures billable to clients
1,742.3

 
1,518.1

Assets held for sale
8.3

 
203.2

Other current assets
312.2

 
229.4

Total current assets
6,463.8

 
7,438.0

Property and equipment, net of accumulated depreciation of $1,045.5
and $961.6, respectively
637.5

 
622.0

Deferred income taxes
270.9

 
220.3

Goodwill
3,799.9

 
3,674.4

Other non-current assets
544.0

 
530.5

TOTAL ASSETS
$
11,716.1

 
$
12,485.2

 
 
 
 
LIABILITIES:
 
 
 
Accounts payable
$
5,561.1

 
$
6,303.6

Accrued liabilities
550.7

 
794.0

Short-term borrowings
511.8

 
85.7

Current portion of long-term debt
301.9

 
323.9

Liabilities held for sale
20.8

 
198.8

Total current liabilities
6,946.3

 
7,706.0

Long-term debt
1,285.0

 
1,280.7

Deferred compensation
457.2

 
480.7

Other non-current liabilities
749.4

 
708.3

TOTAL LIABILITIES
9,437.9

 
10,175.7

 
 
 
 
Redeemable noncontrolling interests (see Note 4)
238.0

 
252.8

 
 
 
 
STOCKHOLDERS’ EQUITY:
 
 
 
Common stock
39.9

 
39.4

Additional paid-in capital
1,235.7

 
1,199.2

Retained earnings
1,849.8

 
1,804.3

Accumulated other comprehensive loss, net of tax
(832.7
)
 
(962.5
)
 
2,292.7

 
2,080.4

Less: Treasury stock
(279.3
)
 
(63.3
)
Total IPG stockholders’ equity
2,013.4

 
2,017.1

Noncontrolling interests
26.8

 
39.6

TOTAL STOCKHOLDERS’ EQUITY
2,040.2

 
2,056.7

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
11,716.1

 
$
12,485.2

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

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