XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE:        
Net revenue $ 2,296.2 $ 2,261.7 $ 6,898.9 $ 6,559.0
Billable expenses 341.5 280.3 1,043.0 749.6
Total revenue 2,637.7 2,542.0 7,941.9 7,308.6
OPERATING EXPENSES:        
Salaries and related expenses 1,546.8 1,511.2 4,701.4 4,389.2
Office and other direct expenses 327.9 300.9 1,001.1 894.8
Billable expenses 341.5 280.3 1,043.0 749.6
Cost of services 2,216.2 2,092.4 6,745.5 6,033.6
Selling, general and administrative expenses 18.5 32.2 57.2 89.8
Depreciation and amortization 67.0 69.4 201.9 208.7
Restructuring charges (5.8) (3.5) 0.7 (2.4)
Total operating expenses 2,295.9 2,190.5 7,005.3 6,329.7
OPERATING INCOME 341.8 351.5 936.6 978.9
EXPENSES AND OTHER INCOME:        
Interest expense (44.9) (42.9) (125.3) (135.1)
Interest income 17.0 7.4 38.0 21.9
Other Income (Expense), Net 17.5 2.3 6.8 (76.9)
Total (expenses) and other income (10.4) (33.2) (80.5) (190.1)
Income before income taxes 331.4 318.3 856.1 788.8
Provision for income taxes 76.4 73.9 209.2 184.4
Income of consolidated companies 255.0 244.4 646.9 604.4
Equity in net income of unconsolidated affiliates 2.5 0.2 3.3 0.4
NET INCOME 257.5 244.6 650.2 604.8
Net income attributable to noncontrolling interests (5.7) (4.7) (9.4) (9.9)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 251.8 $ 239.9 $ 640.8 $ 594.9
Earnings per share, Basic $ 0.64 $ 0.61 $ 1.63 $ 1.51
Earnings per share, Diluted $ 0.64 $ 0.60 $ 1.62 $ 1.49
Weighted-average number of common shares outstanding, Basic 390.6 393.5 392.7 392.8
Weighted-average number of common shares outstanding, Diluted 394.1 399.8 396.2 398.3