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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE:        
Net revenue $ 2,061.4 $ 1,895.7 $ 6,192.1 $ 5,617.9
Billable expenses 376.7 401.8 1,127.4 1,240.5
Total revenue 2,438.1 2,297.5 7,319.5 6,858.4
OPERATING EXPENSES:        
Salaries and related expenses 1,334.4 1,251.4 4,136.7 3,874.6
Office and other direct expenses 367.9 317.0 1,144.4 974.1
Billable expenses 376.7 401.8 1,127.4 1,240.5
Cost of services 2,079.0 1,970.2 6,408.5 6,089.2
Selling, general and administrative expenses 9.8 21.6 69.3 85.5
Depreciation and amortization 69.0 44.0 213.1 134.0
Restructuring charges 0.0 0.0 33.9 0.0
Total operating expenses 2,157.8 2,035.8 6,724.8 6,308.7
OPERATING INCOME 280.3 261.7 594.7 549.7
EXPENSES AND OTHER INCOME:        
Interest expense (49.7) (27.6) (151.1) (73.6)
Interest income 9.5 5.3 25.0 14.0
Other expense, net (7.4) (15.3) (18.1) (56.0)
Total (expenses) and other income (47.6) (37.6) (144.2) (115.6)
Income before income taxes 232.7 224.1 450.5 434.1
Provision for income taxes 64.6 60.7 118.7 137.0
Income of consolidated companies 168.1 163.4 331.8 297.1
Equity in net income (loss) of unconsolidated affiliates 0.3 0.1 (0.1) (1.9)
NET INCOME 168.4 163.5 331.7 295.2
Net income attributable to noncontrolling interests (2.8) (2.5) (4.6) (2.5)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 165.6 $ 161.0 $ 327.1 $ 292.7
Earnings per share, Basic $ 0.43 $ 0.42 $ 0.85 $ 0.76
Earnings per share, Diluted $ 0.42 $ 0.41 $ 0.84 $ 0.75
Weighted-average number of common shares outstanding, Basic 386.7 382.6 385.8 383.2
Weighted-average number of common shares outstanding, Diluted 391.8 388.4 390.3 388.4