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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUE:        
Net revenue $ 2,375.5 $ 2,269.6 $ 4,602.7 $ 4,297.3
Billable expenses 360.2 240.0 701.5 469.3
Total revenue 2,735.7 2,509.6 5,304.2 4,766.6
OPERATING EXPENSES:        
Salaries and related expenses 1,590.2 1,484.9 3,154.6 2,878.0
Office and other direct expenses 349.8 301.0 673.2 593.9
Billable expenses 360.2 240.0 701.5 469.3
Cost of services 2,300.2 2,025.9 4,529.3 3,941.2
Selling, general and administrative expenses 19.4 29.4 38.7 57.6
Depreciation and amortization 67.1 70.1 134.9 139.3
Restructuring charges (0.1) (0.2) 6.5 1.1
Total operating expenses 2,386.6 2,125.2 4,709.4 4,139.2
OPERATING INCOME 349.1 384.4 594.8 627.4
EXPENSES AND OTHER INCOME:        
Interest expense (41.0) (42.6) (80.4) (92.2)
Interest income 11.2 7.6 21.0 14.5
Other Expense, Net (4.5) 4.7 (10.7) (79.2)
Total (expenses) and other income (34.3) (30.3) (70.1) (156.9)
Income before income taxes 314.8 354.1 524.7 470.5
Provision for income taxes 83.7 86.7 132.8 110.5
Income of consolidated companies 231.1 267.4 391.9 360.0
Equity in net income of unconsolidated affiliates 0.7 0.4 0.8 0.2
NET INCOME 231.8 267.8 392.7 360.2
Net income attributable to noncontrolling interests (2.2) (4.5) (3.7) (5.2)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 229.6 $ 263.3 $ 389.0 $ 355.0
Earnings per share, Basic $ 0.58 $ 0.67 $ 0.99 $ 0.90
Earnings per share, Diluted $ 0.58 $ 0.66 $ 0.98 $ 0.89
Weighted-average number of common shares outstanding, Basic 393.1 393.3 393.8 392.4
Weighted-average number of common shares outstanding, Diluted 396.8 399.0 397.5 397.6