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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUE:        
Net revenue $ 1,954.6 $ 2,061.4 $ 5,780.1 $ 6,192.1
Billable expenses 170.9 376.7 730.9 1,127.4
Total revenue 2,125.5 2,438.1 6,511.0 7,319.5
OPERATING EXPENSES:        
Salaries and related expenses 1,269.9 1,334.4 3,998.8 4,136.7
Office and other direct expenses 307.9 367.9 1,003.1 1,144.4
Billable expenses 170.9 376.7 730.9 1,127.4
Cost of services 1,748.7 2,079.0 5,732.8 6,408.5
Selling, general and administrative expenses 9.9 9.8 36.4 69.3
Depreciation and amortization 71.0 69.0 216.9 213.1
Restructuring charges 47.3 0.0 159.9 33.9
Total operating expenses 1,876.9 2,157.8 6,146.0 6,724.8
OPERATING INCOME 248.6 280.3 365.0 594.7
EXPENSES AND OTHER INCOME:        
Interest expense (50.8) (49.7) (145.4) (151.1)
Interest income 6.1 9.5 22.7 25.0
Other Nonoperating Income (Expense) (11.3) (7.4) (54.6) (18.1)
Total (expenses) and other income (56.0) (47.6) (177.3) (144.2)
Income before income taxes 192.6 232.7 187.7 450.5
Provision for income taxes (86.3) 64.6 (50.1) 118.7
Income of consolidated companies 278.9 168.1 237.8 331.8
Equity in net income (loss) of unconsolidated affiliates (0.4) 0.3 (0.6) (0.1)
NET INCOME 278.5 168.4 237.2 331.7
Net income attributable to noncontrolling interests 1.2 (2.8) 1.6 (4.6)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 279.7 $ 165.6 $ 238.8 $ 327.1
Earnings per share, Basic $ 0.72 $ 0.43 $ 0.61 $ 0.85
Earnings per share, Diluted $ 0.71 $ 0.42 $ 0.61 $ 0.84
Weighted-average number of common shares outstanding, Basic 389.6 386.7 388.9 385.8
Weighted-average number of common shares outstanding, Diluted 393.9 391.8 392.6 390.3