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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE:        
Net revenue $ 1,853.4 $ 2,125.9 $ 3,825.5 $ 4,130.7
Billable expenses 172.3 394.3 560.0 750.7
Total revenue 2,025.7 2,520.2 4,385.5 4,881.4
OPERATING EXPENSES:        
Salaries and related expenses 1,306.1 1,381.2 2,728.9 2,802.3
Office and other direct expenses 317.0 387.3 695.2 776.5
Billable expenses 172.3 394.3 560.0 750.7
Cost of services 1,795.4 2,162.8 3,984.1 4,329.5
Selling, general and administrative expenses 4.1 18.1 26.5 59.5
Depreciation and amortization 73.1 73.0 145.9 144.1
Restructuring charges 112.6 2.1 112.6 33.9
Total operating expenses 1,985.2 2,256.0 4,269.1 4,567.0
OPERATING INCOME 40.5 264.2 116.4 314.4
EXPENSES AND OTHER INCOME:        
Interest expense (49.8) (51.6) (94.6) (101.4)
Interest income 5.9 7.7 16.6 15.5
Other Nonoperating Income (Expense) (21.5) (3.8) (43.3) (10.7)
Total (expenses) and other income (65.4) (47.7) (121.3) (96.6)
Income before income taxes (24.9) 216.5 (4.9) 217.8
Provision for income taxes 19.0 43.6 36.2 54.1
Income of consolidated companies (43.9) 172.9 (41.1) 163.7
Equity in net income (loss) of unconsolidated affiliates 0.0 (0.1) (0.2) (0.4)
NET INCOME (43.9) 172.8 (41.3) 163.3
Net income attributable to noncontrolling interests (1.7) (3.3) 0.4 (1.8)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ (45.6) $ 169.5 $ (40.9) $ 161.5
Earnings per share, Basic $ (0.12) $ 0.44 $ (0.11) $ 0.42
Earnings per share, Diluted $ (0.12) $ 0.43 $ (0.11) $ 0.41
Weighted-average number of common shares outstanding, Basic 389.4 386.2 388.5 385.4
Weighted-average number of common shares outstanding, Diluted 389.4 391.2 388.5 390.1