Revenue (Notes)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue

 Revenue

Disaggregation of Revenue

We have two reportable segments as of March 31, 2020: IAN and CMG, as further discussed in Note 10. IAN principally generates revenue from providing advertising and media services as well as a comprehensive array of global communications, marketing services and data management. CMG generates revenue from providing events and public relations services as well as sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting.

Our agencies are located in over 100 countries, including every significant world market. Our geographic revenue breakdown is listed below.

	Three months ended March 31,
Total revenue:	2020		2019
United States	$	1,569.6	$	1,535.1
International:
United Kingdom	197.1		206.2
Continental Europe	169.8		178.8
Asia Pacific	211.4		232.4
Latin America	86.8		89.3
Other	125.1		119.4
Total International	790.2		826.1
Total Consolidated	$	2,359.8	$	2,361.2

 

	Three months ended March 31,
Net revenue:	2020		2019
United States	$	1,320.0	$	1,314.1
International:
United Kingdom	165.7		170.3
Continental Europe	146.0		156.8
Asia Pacific	158.8		178.0
Latin America	79.3		80.3
Other	102.3		105.3
Total International	652.1		690.7
Total Consolidated	$	1,972.1	$	2,004.8

 

IAN	Three months ended March 31,
Total revenue:	2020		2019
United States	$	1,193.3	$	1,200.1
International	625.5		662.1
Total IAN	$	1,818.8	$	1,862.2
Net revenue:
United States	$	1,111.9	$	1,114.2
International	552.6		591.9
Total IAN	$	1,664.5	$	1,706.1

 

CMG	Three months ended March 31,
Total revenue:	2020		2019
United States	$	376.3	$	335.0
International	164.7		164.0
Total CMG	$	541.0	$	499.0
Net revenue:
United States	$	208.1	$	199.9
International	99.5		98.8
Total CMG	$	307.6	$	298.7

Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.

	March 31, 2020		December 31, 2019
Accounts receivable, net of allowance of $67.0 and $40.2, respectively	$	3,661.5	$	5,209.2
Accounts receivable, billable to clients	1,914.0		1,934.1
Contract assets	58.3		63.0
Contract liabilities (deferred revenue)	571.5		585.6

Contract assets are primarily comprised of contract incentives that are generally satisfied annually under the terms of our contracts and are transferred to accounts receivable when the right to payment becomes unconditional. Contract liabilities relate to advance consideration received from customers under the terms of our contracts primarily related to reimbursements of third-party expenses, whether we act as principal or agent, and to a lesser extent, periodic retainer fees, both of which are generally recognized shortly after billing.

The majority of our contracts are for periods of one year or less with the exception of our data management contracts. For those contracts with a term of more than one year, we had approximately $715.0 of unsatisfied performance obligations as of March 31, 2020, which will be recognized as services are performed over the remaining contractual terms through 2026.