XML 58 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS:    
Cash and cash equivalents $ 895.1 $ 1,636.8
Marketable securities 6.3 5.3
Accounts receivable, net of allowance of $66.7 and $64.9, respectively 4,272.3 4,565.4
Expenditures billable to clients 1,798.6 1,536.4
Other current assets 429.3 340.1
Total current assets 7,401.6 8,084.0
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,112.1 and $1,111.7, respectively 537.1 540.0
Deferred income taxes 171.0 144.0
Goodwill 3,714.8 3,629.0
Other non-current assets 515.2 508.0
TOTAL ASSETS 12,339.7 12,905.0
LIABILITIES:    
Accounts payable 6,414.8 6,914.2
Accrued liabilities 594.8 718.4
Short-term borrowings 126.2 179.1
Current portion of long-term debt 2.4 [1] 353.6 [1]
Total current liabilities 7,138.2 8,165.3
Long-term debt 1,629.9 1,129.8
Deferred compensation 486.9 514.3
Other non-current liabilities 616.4 595.7
TOTAL LIABILITIES 9,871.4 10,405.1
Redeemable noncontrolling interests (see Note 4) 246.4 249.1
STOCKHOLDERS' EQUITY:    
Common stock 53.3 53.0
Additional paid-in capital 3,017.2 2,975.2
Retained earnings 865.5 864.5
Accumulated other comprehensive loss, net of tax (383.1) (411.2)
Stockholders Equity Subtotal Before Treasury Stock 3,552.9 3,481.5
Less: Treasury stock (1,363.6) (1,266.3)
Total IPG stockholders' equity 2,189.3 2,215.2
Noncontrolling interests 32.6 35.6
TOTAL STOCKHOLDERS' EQUITY 2,221.9 2,250.8
TOTAL LIABILITIES AND EQUITY 12,339.7 12,905.0
Parentheticals:    
Allowance for Doubtful Accounts Receivable, Current 66.7 64.9
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment $ 1,112.1 $ 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 December 31, 2013 Consolidated Balance Sheet because the 6.25% Notes were scheduled to mature on November 15, 2014. We redeemed the 6.25% Notes prior to their scheduled maturity during the second quarter of 2014.