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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE:    
Net revenue $ 2,176.9 $ 2,227.2
Billable expenses 344.1 341.3
Total revenue 2,521.0 2,568.5
OPERATING EXPENSES:    
Salaries and related expenses 1,577.3 1,564.4
Office and other direct expenses 330.3 323.4
Billable expenses 344.1 341.3
Cost of services 2,251.7 2,229.1
Selling, general and administrative expenses 12.9 19.3
Depreciation and amortization 66.5 67.8
Restructuring charges 1.6 6.6
Total operating expenses 2,332.7 2,322.8
OPERATING INCOME 188.3 245.7
EXPENSES AND OTHER INCOME:    
Interest expense (55.8) (39.4)
Interest income 40.2 9.8
Other Income (Expense), Net (6.7) (6.2)
Total (expenses) and other income (22.3) (35.8)
Income before income taxes 166.0 209.9
Provision for income taxes 33.8 49.1
Income of consolidated companies 132.2 160.8
Equity in net income of unconsolidated affiliates (0.1) 0.1
NET INCOME 132.1 160.9
Net income attributable to noncontrolling interests (6.1) (1.5)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 126.0 $ 159.4
Earnings per share, Basic $ 0.33 $ 0.40
Earnings per share, Diluted $ 0.33 $ 0.40
Weighted-average number of common shares outstanding, Basic 385.8 394.5
Weighted-average number of common shares outstanding, Diluted 387.4 398.4