XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue $ 554.1 $ 646.6 $ 1,099.5 $ 1,281.6
Operating expenses:        
Compensation and related expenses 232.1 292.2 458.7 544.9
Selling, general and administrative 96.6 114.3 192.5 223.0
Intangible amortization and impairments 28.6 28.1 55.3 55.9
Depreciation and other amortization 5.0 4.6 10.0 9.0
Other operating expenses 10.0 12.2 22.5 22.1
Total operating expenses 372.3 451.4 739.0 854.9
Operating income 181.8 195.2 360.5 426.7
Income from equity method investments 65.2 60.1 133.2 113.2
Other non-operating (income) and expenses:        
Investment and other income (11.6) (16.0) (15.6) (16.7)
Interest expense 21.9 22.5 44.0 44.7
Imputed interest expense and contingent payment arrangements 0.8 (13.2) (1.1) (40.4)
Total non-operating (income) and expenses 11.1 (6.7) 27.3 (12.4)
Income before income taxes 235.9 262.0 466.4 552.3
Income taxes 53.2 72.1 109.7 141.7
Net income 182.7 189.9 356.7 410.6
Net income (non-controlling interests) (75.3) (61.2) (144.7) (153.9)
Net income (controlling interest) $ 107.4 $ 128.7 $ 212.0 $ 256.7
Average shares outstanding—basic (in shares) 53.8 54.6 53.9 54.7
Average shares outstanding—diluted (in shares) 56.5 57.5 56.5 57.7
Earnings per share—basic (in dollars per share) $ 2.00 $ 2.36 $ 3.93 $ 4.70
Earnings per share—diluted (in dollars per share) $ 1.97 $ 2.31 $ 3.89 $ 4.58