XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net revenue $ 9,400.6 $ 9,449.4 $ 9,107.9
Billable expenses 1,488.7 1,478.4 1,132.8
Total revenue 10,889.3 10,927.8 10,240.7
OPERATING EXPENSES:      
Salaries and related expenses 6,243.9 6,258.3 5,975.4
Office and other direct expenses 1,342.5 1,346.4 1,279.6
Billable expense 1,488.7 1,478.4 1,132.8
Cost of services 9,075.1 9,083.1 8,387.8
Selling, General and Administrative Expense 67.2 87.1 122.3
Depreciation and amortization 264.3 274.0 283.8
Restructuring Charges 0.1 102.4 10.6
Total operating expenses 9,406.7 9,546.6 8,804.5
OPERATING INCOME 1,482.6 1,381.2 1,436.2
EXPENSES AND OTHER INCOME:      
Interest expense (225.6) (167.9) (170.6)
Interest income 140.8 56.6 27.2
Other income (expense), net 10.2 (1.0) (70.7)
Total (expenses) and other income (74.6) (112.3) (214.1)
Income before income taxes 1,408.0 1,268.9 1,222.1
Provision for income taxes 291.2 318.4 251.8
Income of consolidated companies 1,116.8 950.5 970.3
Equity in net income of unconsolidated affiliates 1.3 5.6 2.5
NET INCOME 1,118.1 956.1 972.8
Net Income Attributable to Nonredeemable Noncontrolling Interest (19.7) (18.1) (20.0)
Net Income Attributable to Parent $ 1,098.4 $ 938.0 $ 952.8
Earnings per share available to IPG common stockholders:      
Earnings per share, Basic $ 2.86 $ 2.40 $ 2.42
Earnings per share, Diluted $ 2.85 $ 2.37 $ 2.39
Weighted-average number of common shares outstanding:      
Weighted-average number of common shares outstanding, Basic 384.1 391.5 393.0
Weighted-average number of common shares outstanding, Diluted 385.9 395.1 398.4