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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS:    
Cash and cash equivalents $ 1,187.3 $ 2,302.7
Marketable securities 14.3 12.9
Restricted marketable securities (See Note 6) 94.7 0
Accounts receivable, net of allowance of $59.4 and $55.4 3,839.9 4,425.4
Expenditures billable to clients 1,513.6 1,247.2
Other current assets 324.7 298.6
Total current assets 6,974.5 8,286.8
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,139.4 and $1,126.3 466.7 459.8
Deferred income taxes 182.7 214.5
Goodwill 3,574.3 3,444.3
Other non-current assets 530.5 471.2
TOTAL ASSETS 11,728.7 12,876.6
LIABILITIES:    
Accounts payable 5,846.8 6,647.2
Accrued liabilities 650.0 827.1
Short-term borrowings 200.5 153.5
Current portion of long-term debt 217.1 [1] 404.8 [1]
Total current liabilities 6,914.4 8,032.6
Long-term debt 1,263.1 1,210.9
Deferred compensation 430.5 440.3
Other non-current liabilities 473.9 452.1
TOTAL LIABILITIES 9,081.9 10,135.9
Redeemable noncontrolling interests (see Note 5) 220.3 243.4
STOCKHOLDERS' EQUITY:    
Preferred stock 221.5 221.5
Common stock 48.8 48.2
Additional paid-in capital 2,448.5 2,427.5
Retained earnings 450.9 405.1
Accumulated other comprehensive loss, net of tax (157.6) (225.7)
Stockholders Equity Subtotal Before Treasury Stock 3,012.1 2,876.6
Less: Treasury stock (616.3) (414.9)
Total IPG stockholders' equity 2,395.8 2,461.7
Noncontrolling interests 30.7 35.6
TOTAL STOCKHOLDERS' EQUITY 2,426.5 2,497.3
TOTAL LIABILITIES AND EQUITY $ 11,728.7 $ 12,876.6
[1] On March 15, 2013, holders of our 4.75% Convertible Senior Notes due 2023 (the “4.75% Notes”) may require us to repurchase their notes for cash at par, and accordingly, we included these notes in the current portion of long-term debt on our September 30, 2012 unaudited Consolidated Balance Sheet. The 4.75% Notes are also redeemable in whole or in part at our option beginning March 15, 2013. Any 4.75% Notes neither repurchased on March 15, 2013 nor called for redemption by us will be reclassified to long-term debt. We included our 4.25% Convertible Senior Notes due 2023 (the “4.25% Notes”) in the current portion of long-term debt on our December 31, 2011 Consolidated Balance Sheet because holders of the 4.25% Notes had a repurchase option on March 15, 2012 for cash at par. The 4.25% Notes were retired in the first quarter of 2012.