XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS:    
Cash and cash equivalents $ 771.0 $ 1,636.8
Marketable securities 5.6 5.3
Accounts receivable, net of allowance of $67.4 and $64.9, respectively 4,013.4 4,565.4
Expenditures billable to clients 1,692.7 1,536.4
Other current assets 399.2 340.1
Total current assets 6,881.9 8,084.0
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,103.9 and $1,111.7, respectively 534.3 540.0
Deferred income taxes 162.2 144.0
Goodwill 3,663.1 3,629.0
Other non-current assets 517.7 508.0
TOTAL ASSETS 11,759.2 12,905.0
LIABILITIES:    
Accounts payable 6,048.5 6,914.2
Accrued liabilities 587.4 718.4
Short-term borrowings 171.1 179.1
Current portion of long-term debt 353.2 [1] 353.6 [1]
Total current liabilities 7,160.2 8,165.3
Long-term debt 1,130.7 1,129.8
Deferred compensation 484.2 514.3
Other non-current liabilities 563.0 595.7
TOTAL LIABILITIES 9,338.1 10,405.1
Redeemable noncontrolling interests (see Note 4) 249.8 249.1
STOCKHOLDERS' EQUITY:    
Common stock 53.2 53.0
Additional paid-in capital 3,002.7 2,975.2
Retained earnings 805.0 864.5
Accumulated other comprehensive loss, net of tax (410.9) (411.2)
Stockholders Equity Subtotal Before Treasury Stock 3,450.0 3,481.5
Less: Treasury stock (1,311.2) (1,266.3)
Total IPG stockholders' equity 2,138.8 2,215.2
Noncontrolling interests 32.5 35.6
TOTAL STOCKHOLDERS' EQUITY 2,171.3 2,250.8
TOTAL LIABILITIES AND EQUITY 11,759.2 12,905.0
Parentheticals:    
Allowance for Doubtful Accounts Receivable, Current 67.4 64.9
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment $ 1,103.9 $ 1,111.7
[1] We included our 6.25% Senior Unsecured Notes due 2014 (the "6.25% Notes") in the current portion of long-term debt on our March 31, 2014 unaudited Consolidated Balance Sheet and December 31, 2013 Consolidated Balance Sheet because the 6.25% Notes were scheduled to mature on November 15, 2014. See Note 15 for information regarding subsequent events.