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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS:    
Cash and cash equivalents $ 999.3 $ 2,574.8
Marketable securities 5.2 16.0
Accounts receivable, net of allowance of $65.7 and $59.0, respectively 3,830.2 4,496.6
Expenditures billable to clients 1,551.0 1,318.8
Other current assets 377.1 332.1
Total current assets 6,762.8 8,738.3
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,160.2 and $1,134.9, respectively 490.5 504.8
Deferred income taxes 171.3 160.5
Goodwill 3,609.3 3,580.6
Other non-current assets 498.1 509.7
TOTAL ASSETS 11,532.0 13,493.9
LIABILITIES:    
Accounts payable 5,705.6 6,584.8
Accrued liabilities 553.3 728.2
Short-term borrowings 186.3 172.1
Current portion of long-term debt 2.2 [1] 216.6 [1]
Total current liabilities 6,447.4 7,701.7
Long-term debt 1,481.0 2,060.8
Deferred compensation 483.3 489.0
Other non-current liabilities 557.2 558.6
TOTAL LIABILITIES 8,968.9 10,810.1
Redeemable noncontrolling interests (see Note 5) 229.6 227.2
STOCKHOLDERS' EQUITY:    
Preferred stock 221.5 221.5
Common stock 51.2 48.8
Additional paid-in capital 2,754.1 2,465.4
Retained earnings 710.4 738.3
Accumulated other comprehensive loss, net of tax (369.3) (288.0)
Stockholders Equity Subtotal Before Treasury Stock 3,367.9 3,186.0
Less: Treasury stock (1,065.3) (765.4)
Total IPG stockholders' equity 2,302.6 2,420.6
Noncontrolling interests 30.9 36.0
TOTAL STOCKHOLDERS' EQUITY 2,333.5 2,456.6
TOTAL LIABILITIES AND EQUITY $ 11,532.0 $ 13,493.9
[1] We included our 4.75% Convertible Senior Notes due 2023 (the “4.75% Notes”) in the current portion of long-term debt on our December 31, 2012 Consolidated Balance Sheet because holders of the 4.75% Notes had an option to require us to repurchase their Notes for cash, stock or a combination, at our election, at par on March 15, 2013. The 4.75% Notes were retired in the first quarter of 2013.