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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE:        
Net revenue $ 2,125.9 $ 1,948.2 $ 4,130.7 $ 3,722.2
Billable expenses 394.3 443.6 750.7 838.7
Total revenue 2,520.2 2,391.8 4,881.4 4,560.9
OPERATING EXPENSES:        
Salaries and related expenses 1,381.2 1,292.9 2,802.3 2,623.2
Office and other direct expenses 387.3 333.3 776.5 657.1
Billable expenses 394.3 443.6 750.7 838.7
Cost of services 2,162.8 2,069.8 4,329.5 4,119.0
Selling, general and administrative expenses 18.1 28.8 59.5 63.9
Depreciation and amortization 73.0 44.0 144.1 90.0
Restructuring charges 2.1 0.0 33.9  
Total operating expenses 2,256.0 2,142.6 4,567.0 4,272.9
OPERATING INCOME 264.2 249.2 314.4 288.0
EXPENSES AND OTHER INCOME:        
Interest expense (51.6) (26.1) (101.4) (46.0)
Interest income 7.7 4.7 15.5 8.7
Other expense, net (3.8) (16.3) (10.7) (40.7)
Total (expenses) and other income (47.7) (37.7) (96.6) (78.0)
Income before income taxes 216.5 211.5 217.8 210.0
Provision for income taxes 43.6 63.6 54.1 76.3
Income of consolidated companies 172.9 147.9 163.7 133.7
Equity in net loss of unconsolidated affiliates (0.1) (0.1) (0.4) (2.0)
NET INCOME 172.8 147.8 163.3 131.7
Net income attributable to noncontrolling interests (3.3) (2.0) (1.8) (0.0)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 169.5 $ 145.8 $ 161.5 $ 131.7
Earnings per share, Basic $ 0.44 $ 0.38 $ 0.42 $ 0.34
Earnings per share, Diluted $ 0.43 $ 0.37 $ 0.41 $ 0.34
Weighted-average number of common shares outstanding, Basic 386.2 383.6 385.4 383.5
Weighted-average number of common shares outstanding, Diluted 391.2 389.5 390.1 388.9