Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020			2019
Total revenue:
IAN	$	1,818.8		$	1,862.2
CMG	541.0			499.0
Total	$	2,359.8		$	2,361.2
Net revenue:
IAN	$	1,664.5		$	1,706.1
CMG	307.6			298.7
Total	$	1,972.1		$	2,004.8
Segment EBITA 1:
IAN	$	99.0		$	116.0
CMG	22.3			0.4
Corporate and other	(24.1		)	(44.6		)
Total	$	97.2		$	71.8
Amortization of acquired intangibles:
IAN	$	20.2		$	20.5
CMG	1.1			1.1
Corporate and other	0.0			0.0
Total	$	21.3		$	21.6
Depreciation and amortization 2:
IAN	$	44.7		$	42.1
CMG	5.1			4.8
Corporate and other	1.7			2.6
Total	$	51.5		$	49.5
Capital expenditures:
IAN	$	33.7		$	26.5
CMG	1.6			1.0
Corporate and other	9.3			5.3
Total	$	44.6		$	32.8

 

1 EBITA is calculated as net income (loss) available to IPG common stockholders before provision for incomes taxes, total (expenses) and other income, equity in net loss of unconsolidated affiliates, net loss attributable to noncontrolling interests and amortization of acquired intangibles..

2 Excludes amortization of acquired intangibles.

	March 31, 2020		December 31, 2019
Total assets:
IAN	$	13,640.9	$	15,155.2
CMG	1,650.4		1,725.5
Corporate and other	1,137.6		871.2
Total	$	16,428.9	$	17,751.9

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

	Three months ended March 31,
	2020			2019
IAN EBITA	$	99.0		$	116.0
CMG EBITA	22.3			0.4
Corporate and other EBITA	(24.1		)	(44.6		)
Less: consolidated amortization of acquired intangibles	21.3			21.6
Operating income	75.9			50.2
Total (expenses) and other income	(55.9		)	(48.9		)
Income before income taxes	$	20.0		$	1.3