XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
shares in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE:    
Net revenue $ 2,027,700,000 $ 1,972,100,000
Billable expenses 229,300,000 387,700,000
Total revenue 2,257,000,000.0 2,359,800,000
OPERATING EXPENSES:    
Salaries and related expenses 1,393,100,000 1,422,800,000
Office and other direct expenses 292,900,000 378,200,000
Billable expenses 229,300,000 387,700,000
Cost of services 1,915,300,000 2,188,700,000
Selling, general and administrative expenses 28,200,000 22,400,000
Depreciation and amortization 69,200,000 72,800,000
Restructuring charges 1,300,000 0.0
Total operating expenses 2,014,000,000.0 2,283,900,000
OPERATING INCOME 243,000,000.0 75,900,000
EXPENSES AND OTHER INCOME:    
Interest expense (49,600,000) (44,800,000)
Interest income 6,900,000 10,700,000
Other Nonoperating Income (Expense) (83,900,000) (21,800,000)
Total (expenses) and other income (126,600,000) (55,900,000)
Income before income taxes 116,400,000 20,000,000.0
Provision for income taxes 23,800,000 17,200,000
Income of consolidated companies 92,600,000 2,800,000
Equity in net income (loss) of unconsolidated affiliates (200,000) (200,000)
NET INCOME 92,400,000 2,600,000
Net income attributable to noncontrolling interests (700,000) 2,100,000
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 91,700,000 $ 4,700,000
Earnings per share, Basic $ 0.23 $ 0.01
Earnings per share, Diluted $ 0.23 $ 0.01
Weighted-average number of common shares outstanding, Basic 391.5 387.7
Weighted-average number of common shares outstanding, Diluted 396.0 391.7