XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue (Notes)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We have two reportable segments as of March 31, 2021: IAN and DXTRA, as further discussed in Note 11. IAN principally generates revenue from providing advertising and media services as well as a comprehensive array of global communications, marketing services and data management. DXTRA generates revenue from a comprehensive array of global public relations and communication services as well as providing events, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting.
Our agencies are located in over 100 countries, including every significant world market. Our geographic revenue breakdown is listed below.
 Three months ended
March 31,
Total revenue:20212020
United States$1,425.8 $1,569.6 
International:
United Kingdom203.5 197.1 
Continental Europe195.6 169.8 
Asia Pacific210.9 211.4 
Latin America83.6 86.8 
Other137.6 125.1 
Total International831.2 790.2 
Total Consolidated$2,257.0 $2,359.8 
 
 Three months ended
March 31,
Net revenue:20212020
United States$1,309.8 $1,320.0 
International:
United Kingdom184.0 165.7 
Continental Europe175.8 146.0 
Asia Pacific169.1 158.8 
Latin America75.4 79.3 
Other113.6 102.3 
Total International717.9 652.1 
Total Consolidated$2,027.7 $1,972.1 
 
IANThree months ended
March 31,
Total revenue:20212020
United States$1,157.9 $1,193.3 
International693.5 625.5 
Total IAN$1,851.4 $1,818.8 
Net revenue:
United States$1,113.5 $1,111.9 
International620.6 552.6 
Total IAN$1,734.1 $1,664.5 
 
DXTRAThree months ended
March 31,
Total revenue:20212020
United States$267.9 $376.3 
International137.7 164.7 
Total DXTRA$405.6 $541.0 
Net revenue:
United States$196.3 $208.1 
International97.3 99.5 
Total DXTRA$293.6 $307.6 
Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
March 31,
2021		December 31,
2020
Accounts receivable, net of allowance of $92.6 and $98.3, respectively$3,440.3 $4,646.4 
Accounts receivable, billable to clients1,842.7 1,820.7 
Contract assets43.1 51.8 
Contract liabilities (deferred revenue)689.1 657.8 
Contract assets are primarily comprised of contract incentives that are generally satisfied annually under the terms of our contracts and are transferred to accounts receivable when the right to payment becomes unconditional. Contract liabilities relate to advance consideration received from customers under the terms of our contracts primarily related to reimbursements of third-party expenses, whether we act as principal or agent, and to a lesser extent, periodic retainer fees, both of which are generally recognized shortly after billing.
The majority of our contracts are for periods of one year or less with the exception of our data management contracts. For those contracts with a term of more than one year, we had approximately $643.0 of unsatisfied performance obligations as of March 31, 2021, which will be recognized as services are performed over the remaining contractual terms through 2027.