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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE:    
Net revenue $ 1,972.1 $ 2,004.8
Billable expenses 387.7 356.4
Total revenue 2,359.8 2,361.2
OPERATING EXPENSES:    
Salaries and related expenses 1,422.8 1,421.1
Office and other direct expenses 378.2 389.2
Billable expenses 387.7 356.4
Cost of services 2,188.7 2,166.7
Selling, general and administrative expenses 22.4 41.4
Depreciation and amortization 72.8 71.1
Restructuring charges 0.0 31.8
Total operating expenses 2,283.9 2,311.0
OPERATING INCOME 75.9 50.2
EXPENSES AND OTHER INCOME:    
Interest expense (44.8) (49.8)
Interest income 10.7 7.8
Other expense, net (21.8) (6.9)
Total (expenses) and other income (55.9) (48.9)
Income before income taxes 20.0 1.3
Provision for income taxes 17.2 10.5
Income of consolidated companies 2.8 (9.2)
Equity in net income (loss) of unconsolidated affiliates (0.2) (0.3)
NET INCOME 2.6 (9.5)
Net income attributable to noncontrolling interests 2.1 1.5
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 4.7 $ (8.0)
Earnings per share, Basic $ 0.01 $ (0.02)
Earnings per share, Diluted $ 0.01 $ (0.02)
Weighted-average number of common shares outstanding, Basic 387.7 384.5
Weighted-average number of common shares outstanding, Diluted 391.7 384.5