Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Summarized financial information concerning reportable segments

Summarized financial information concerning our reportable segments is shown in the following table.

	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Total revenue:
IAN	$	1,968.6		$	1,812.5		$	3,840.8		$	3,498.0
CMG	551.6			579.3			1,040.6			1,062.9
Total	$	2,520.2		$	2,391.8		$	4,881.4		$	4,560.9
Net revenue:
IAN	$	1,805.8		$	1,629.1		$	3,517.0		$	3,110.4
CMG	320.1			319.1			613.7			611.8
Total	$	2,125.9		$	1,948.2		$	4,130.7		$	3,722.2
Segment EBITA:
IAN	$	261.7		$	242.2		$	376.2		$	303.2
CMG	43.6			43.2			45.5			63.9
Corporate and other	(19.8		)	(31.0		)	(64.4		)	(68.6		)
Total	$	285.5		$	254.4		$	357.3		$	298.5
Amortization of acquired intangibles:
IAN	$	20.2		$	3.9		$	40.7		$	8.0
CMG	1.1			1.3			2.2			2.5
Corporate and other	0.0			0.0			0.0			0.0
Total	$	21.3		$	5.2		$	42.9		$	10.5
Depreciation:
IAN	$	45.2		$	31.9		$	87.5		$	65.2
CMG	4.9			4.7			9.5			9.6
Corporate and other	1.6			2.2			4.2			4.7
Total	$	51.7		$	38.8		$	101.2		$	79.5
Capital expenditures:
IAN	$	35.9		$	31.9		$	62.4		$	47.7
CMG	2.9			1.9			3.9			3.0
Corporate and other	8.5			4.9			13.8			10.8
Total	$	47.3		$	38.7		$	80.1		$	61.5

 

	June 30, 2019		December 31, 2018
Total assets 1:
IAN	$	14,323.1	$	13,867.9
CMG	1,695.1		1,516.7
Corporate and other	508.7		235.7
Total	$	16,526.9	$	15,620.3

1 Results for December 31, 2018 have been restated to conform to the current-period presentation.

The following table presents the reconciliation of segment EBITA to Income before income taxes.

	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
IAN EBITA	$	261.7		$	242.2		$	376.2		$	303.2
CMG EBITA	43.6			43.2			45.5			63.9
Corporate and other EBITA	(19.8		)	(31.0		)	(64.4		)	(68.6		)
Less: consolidated amortization of acquired intangibles	21.3			5.2			42.9			10.5
Operating income	264.2			249.2			314.4			288.0
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