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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE:    
Net revenue $ 2,227.2 $ 2,027.7
Billable expenses 341.3 229.3
Total revenue 2,568.5 2,257.0
OPERATING EXPENSES:    
Salaries and related expenses 1,564.4 1,393.1
Office and other direct expenses 323.4 292.9
Billable expenses 341.3 229.3
Cost of services 2,229.1 1,915.3
Selling, general and administrative expenses 19.3 28.2
Depreciation and amortization 67.8 69.2
Restructuring charges 6.6 1.3
Total operating expenses 2,322.8 2,014.0
OPERATING INCOME 245.7 243.0
EXPENSES AND OTHER INCOME:    
Interest expense (39.4) (49.6)
Interest income 9.8 6.9
Other Expense, Net (6.2) (83.9)
Total (expenses) and other income (35.8) (126.6)
Income before income taxes 209.9 116.4
Provision for income taxes 49.1 23.8
Income of consolidated companies 160.8 92.6
Equity in net income (loss) of unconsolidated affiliates 0.1 (0.2)
NET INCOME 160.9 92.4
Net income attributable to noncontrolling interests (1.5) (0.7)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 159.4 $ 91.7
Earnings per share, Basic $ 0.40 $ 0.23
Earnings per share, Diluted $ 0.40 $ 0.23
Weighted-average number of common shares outstanding, Basic 394.5 391.5
Weighted-average number of common shares outstanding, Diluted 398.4 396.0