XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUE:        
Net revenue $ 2,269.6 $ 1,853.4 $ 4,297.3 $ 3,825.5
Billable expenses 240.0 172.3 469.3 560.0
Total revenue 2,509.6 2,025.7 4,766.6 4,385.5
OPERATING EXPENSES:        
Salaries and related expenses 1,484.9 1,306.1 2,878.0 2,728.9
Office and other direct expenses 301.0 317.0 593.9 695.2
Billable expenses 240.0 172.3 469.3 560.0
Cost of services 2,025.9 1,795.4 3,941.2 3,984.1
Selling, general and administrative expenses 29.4 4.1 57.6 26.5
Depreciation and amortization 70.1 73.1 139.3 145.9
Restructuring charges (0.2) 112.6 1.1 112.6
Total operating expenses 2,125.2 1,985.2 4,139.2 4,269.1
OPERATING INCOME 384.4 40.5 627.4 116.4
EXPENSES AND OTHER INCOME:        
Interest expense (42.6) (49.8) (92.2) (94.6)
Interest income 7.6 5.9 14.5 16.6
Other Nonoperating Income (Expense) 4.7 (21.5) (79.2) (43.3)
Total (expenses) and other income (30.3) (65.4) (156.9) (121.3)
Income before income taxes 354.1 (24.9) 470.5 (4.9)
Provision for income taxes 86.7 19.0 110.5 36.2
Income of consolidated companies 267.4 (43.9) 360.0 (41.1)
Equity in net income (loss) of unconsolidated affiliates 0.4 0.0 0.2 (0.2)
NET INCOME 267.8 (43.9) 360.2 (41.3)
Net income attributable to noncontrolling interests (4.5) (1.7) (5.2) 0.4
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 263.3 $ (45.6) $ 355.0 $ (40.9)
Earnings per share, Basic $ 0.67 $ (0.12) $ 0.90 $ (0.11)
Earnings per share, Diluted $ 0.66 $ (0.12) $ 0.89 $ (0.11)
Weighted-average number of common shares outstanding, Basic 393.3 389.4 392.4 388.5
Weighted-average number of common shares outstanding, Diluted 399.0 389.4 397.6 388.5