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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUE:        
Net revenue $ 2,327.1 $ 2,328.5 $ 4,510.0 $ 4,505.4
Billable expenses 382.9 338.0 695.9 682.1
Total revenue 2,710.0 2,666.5 5,205.9 5,187.5
OPERATING EXPENSES:        
Salaries and related expenses 1,557.6 1,598.6 3,130.4 3,175.9
Office and other direct expenses 358.4 340.5 680.5 670.8
Billable expenses 382.9 338.0 695.9 682.1
Cost of services 2,298.9 2,277.1 4,506.8 4,528.8
Selling, general and administrative expenses 27.6 13.9 65.6 26.8
Depreciation and amortization 65.0 66.5 130.2 133.0
Restructuring charges 0.3 (1.7) 0.9 (0.1)
Total operating expenses 2,391.8 2,355.8 4,703.5 4,688.5
OPERATING INCOME 318.2 310.7 502.4 499.0
EXPENSES AND OTHER INCOME:        
Interest expense (57.9) (55.8) (120.7) (105.5)
Interest income 36.6 28.1 85.3 62.2
Other Expense, Net (1.2) (4.4) (10.7) (11.1)
Total (expenses) and other income (22.5) (32.1) (46.1) (54.4)
Income before income taxes 295.7 278.6 456.3 444.6
Provision for income taxes 75.6 10.6 122.9 44.4
Income of consolidated companies 220.1 268.0 333.4 400.2
Equity in net (loss) income of unconsolidated affiliates (0.5) 0.7 (0.2) 0.6
NET INCOME 219.6 268.7 333.2 400.8
Net income attributable to noncontrolling interests (5.1) (3.2) (8.3) (9.3)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 214.5 $ 265.5 $ 324.9 $ 391.5
Earnings per share, Basic $ 0.57 $ 0.69 $ 0.86 $ 1.01
Earnings per share, Diluted $ 0.57 $ 0.68 $ 0.86 $ 1.01
Weighted-average number of common shares outstanding, Basic 376.3 385.7 377.4 385.8
Weighted-average number of common shares outstanding, Diluted 378.7 387.7 379.7 387.6