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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Net revenue $ 2,182.9 $ 2,176.9
Billable expenses 313.0 344.1
Total revenue 2,495.9 2,521.0
OPERATING EXPENSES:    
Salaries and related expenses 1,572.8 1,577.3
Office and other direct expenses 322.1 330.3
Billable expenses 313.0 344.1
Cost of services 2,207.9 2,251.7
Selling, general and administrative expenses 38.0 12.9
Depreciation and amortization 65.2 66.5
Restructuring charges 0.6 1.6
Total operating expenses 2,311.7 2,332.7
OPERATING INCOME 184.2 188.3
EXPENSES AND OTHER INCOME:    
Interest expense (62.8) (49.7)
Interest income 48.7 34.1
Other (Expense) Income, Net (9.5) (6.7)
Total (expenses) and other income (23.6) (22.3)
Income before income taxes 160.6 166.0
Provision for income taxes 47.3 33.8
Income of consolidated companies 113.3 132.2
Equity in net (loss) income of unconsolidated affiliates 0.3 (0.1)
NET INCOME 113.6 132.1
Net income attributable to noncontrolling interests (3.2) (6.1)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 110.4 $ 126.0
Earnings per share, Basic $ 0.29 $ 0.33
Earnings per share, Diluted $ 0.29 $ 0.33
Weighted-average number of common shares outstanding, Basic 378.4 385.8
Weighted-average number of common shares outstanding, Diluted 380.6 387.4