XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE:        
Net revenue $ 2,261.7 $ 1,954.6 $ 6,559.0 $ 5,780.1
Billable expenses 280.3 170.9 749.6 730.9
Total revenue 2,542.0 2,125.5 7,308.6 6,511.0
OPERATING EXPENSES:        
Salaries and related expenses 1,511.2 1,269.9 4,389.2 3,998.8
Office and other direct expenses 300.9 307.9 894.8 1,003.1
Billable expenses 280.3 170.9 749.6 730.9
Cost of services 2,092.4 1,748.7 6,033.6 5,732.8
Selling, general and administrative expenses 32.2 9.9 89.8 36.4
Depreciation and amortization 69.4 71.0 208.7 216.9
Restructuring charges (3.5) 47.3 (2.4) 159.9
Total operating expenses 2,190.5 1,876.9 6,329.7 6,146.0
OPERATING INCOME 351.5 248.6 978.9 365.0
EXPENSES AND OTHER INCOME:        
Interest expense (42.9) (50.8) (135.1) (145.4)
Interest income 7.4 6.1 21.9 22.7
Other Nonoperating Income (Expense) 2.3 (11.3) (76.9) (54.6)
Total (expenses) and other income (33.2) (56.0) (190.1) (177.3)
Income before income taxes 318.3 192.6 788.8 187.7
Provision for (benefit of) income taxes 73.9 (86.3) 184.4 (50.1)
Income of consolidated companies 244.4 278.9 604.4 237.8
Equity in net income (loss) of unconsolidated affiliates 0.2 (0.4) 0.4 (0.6)
NET INCOME 244.6 278.5 604.8 237.2
Net (income) loss attributable to noncontrolling interests (4.7) 1.2 (9.9) 1.6
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 239.9 $ 279.7 $ 594.9 $ 238.8
Earnings per share, Basic $ 0.61 $ 0.72 $ 1.51 $ 0.61
Earnings per share, Diluted $ 0.60 $ 0.71 $ 1.49 $ 0.61
Weighted-average number of common shares outstanding, Basic 393.5 389.6 392.8 388.9
Weighted-average number of common shares outstanding, Diluted 399.8 393.9 398.3 392.6