XML 25 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]                      
Net revenue $ 2,284.4 $ 1,954.6 $ 1,853.4 $ 1,972.1 $ 2,433.0 $ 2,061.4 $ 2,125.9 $ 2,004.8 $ 8,064.5 $ 8,625.1 $ 8,031.6
Billable expenses 265.6 170.9 172.3 387.7 468.8 376.7 394.3 356.4 996.5 1,596.2 1,682.8
Total revenue 2,550.0 2,125.5 2,025.7 2,359.8 2,901.8 2,438.1 2,520.2 2,361.2 9,061.0 10,221.3 9,714.4
OPERATING EXPENSES:                      
Salaries and related expenses 1,346.2 1,269.9 1,306.1 1,422.8 1,432.1 1,334.4 1,381.2 1,421.1 5,345.0 5,568.8 5,298.3
Office and other direct expenses 364.8 307.9 317.0 378.2 419.7 367.9 387.3 389.2 1,367.9 1,564.1 1,355.1
Billable expense 265.6 170.9 172.3 387.7 468.8 376.7 394.3 356.4 996.5 1,596.2 1,682.8
Cost of services 1,976.6 1,748.7 1,795.4 2,188.7 2,320.6 2,079.0 2,162.8 2,166.7 7,709.4 8,729.1 8,336.2
Selling, General and Administrative Expense 22.4 9.9 4.1 22.4 24.5 9.8 18.1 41.4 58.8 93.8 166.5
Depreciation and amortization 73.7 71.0 73.1 72.8 65.4 69.0 73.0 71.1 290.6 278.5 202.9
Restructuring Charges 253.9 47.3 112.6 0.0 0.0 0.0 2.1 31.8 413.8 33.9 0.0
Total operating expenses 2,326.6 1,876.9 1,985.2 2,283.9 2,410.5 2,157.8 2,256.0 2,311.0 8,472.6 9,135.3 8,705.6
OPERATING INCOME 223.4 248.6 40.5 75.9 491.3 280.3 264.2 50.2 588.4 1,086.0 1,008.8
EXPENSES AND OTHER INCOME:                      
Interest expense                 (192.2) (199.3) (123.0)
Interest income                 29.5 34.5 21.8
Other expense, net (9.8) (11.3) (21.5) (21.8) (24.8) (7.4) (3.8) (6.9) (64.4) (42.9) (69.6)
Total (expenses) and other income (49.8) (56.0) (65.4) (55.9) (63.5) (47.6) (47.7) (48.9) (227.1) (207.7) (170.8)
Income before income taxes                 361.3 878.3 838.0
Provision for income taxes 58.1 (86.3) 19.0 17.2 86.1 64.6 43.6 10.5 8.0 204.8 199.2
Income of consolidated companies                 353.3 673.5 638.8
Equity in net (loss) income of unconsolidated affiliates                 0.9 0.4 (1.1)
NET INCOME $ 117.0 $ 278.5 $ (43.9) $ 2.6 $ 342.2 $ 168.4 $ 172.8 $ (9.5) 354.2 673.9 637.7
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest                 (3.1) (17.9) (18.8)
Net Income (Loss) Attributable to Parent                 $ 351.1 $ 656.0 $ 618.9
Earnings per share available to IPG common stockholders:                      
Earnings per share, Basic $ 0.29 $ 0.72 $ (0.12) $ 0.01 $ 0.85 $ 0.43 $ 0.44 $ (0.02) $ 0.90 $ 1.70 $ 1.61
Earnings per share, Diluted $ 0.28 $ 0.71 $ (0.12) $ 0.01 $ 0.84 $ 0.42 $ 0.43 $ (0.02) $ 0.89 $ 1.68 $ 1.59
Weighted-average number of common shares outstanding:                      
Weighted-average number of common shares outstanding, Basic                 389.4 386.1 383.3
Weighted-average number of common shares outstanding, Diluted                 393.2 391.2 389.0