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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS:    
Cash and cash equivalents $ 1,636.8 $ 2,574.8
Marketable securities 5.3 16.0
Accounts receivable, net of allowance of $64.9 and $59.0 4,565.4 4,496.6
Expenditures billable to clients 1,536.4 1,318.8
Other current assets 340.1 332.1
Total current assets 8,084.0 8,738.3
Furniture, equipment and leasehold improvements, net 540.0 504.8
Deferred income taxes 144.0 160.5
Goodwill 3,629.0 3,580.6
Other non-current assets 508.0 509.7
TOTAL ASSETS 12,905.0 13,493.9
LIABILITIES:    
Accounts payable 6,914.2 6,584.8
Accrued liabilities 718.4 728.2
Short-term borrowings 179.1 172.1
Current portion of long-term debt 353.6 [1] 216.6 [1]
Total current liabilities 8,165.3 7,701.7
Long-term debt 1,129.8 2,060.8
Deferred compensation 514.3 489.0
Other non-current liabilities 595.7 558.6
TOTAL LIABILITIES 10,405.1 10,810.1
Commitments and contingencies (see Note 14)      
Redeemable noncontrolling interests (see Note 5) 249.1 227.2
STOCKHOLDERS' EQUITY:    
Preferred stock, no par value, shares authorized: 20.0 Series B shares issued and outstanding: 2013 – 0.0; 2012 – 0.2 0 221.5
Common stock, $0.10 par value, shares authorized: 800.0 shares issued: 2013 – 532.3; 2012 – 492.0 shares outstanding: 2013 – 424.5; 2012 – 417.5 53.0 48.8
Additional paid-in capital 2,975.2 2,465.4
Retained earnings 864.5 738.3
Accumulated other comprehensive loss, net of tax (411.2) (288.0)
Stockholders Equity Subtotal Before Treasury Stock 3,481.5 3,186.0
Less: Treasury stock, at cost: 2013 - 107.8 shares; 2012 - 74.6 shares (1,266.3) (765.4)
Total IPG stockholders' equity 2,215.2 2,420.6
Noncontrolling interests 35.6 36.0
TOTAL STOCKHOLDERS' EQUITY 2,250.8 2,456.6
TOTAL LIABILITIES AND EQUITY $ 12,905.0 $ 13,493.9
[1] We included our 6.25% Senior Unsecured Notes due 2014 (the "6.25% Notes") in the current portion of long-debt on our December 31, 2013 Consolidated Balance Sheet because the 6.25% Notes are scheduled to mature on November 15, 2014. 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.