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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUE:        
Net revenue $ 2,242.7 $ 2,309.0 $ 6,752.7 $ 6,814.4
Billable expenses 386.1 369.5 1,082.0 1,051.6
Total revenue 2,628.8 2,678.5 7,834.7 7,866.0
OPERATING EXPENSES:        
Salaries and related expenses 1,464.0 1,531.1 4,594.4 4,707.0
Office and other direct expenses 327.1 318.8 1,007.6 989.6
Billable expenses 386.1 369.5 1,082.0 1,051.6
Cost of services 2,177.2 2,219.4 6,684.0 6,748.2
Selling, general and administrative expenses 20.8 16.9 86.4 43.7
Depreciation and amortization 65.3 66.0 195.5 199.0
Goodwill, Impairment Loss 232.1 0.0 232.1 0.0
Restructuring charges 0.5 (0.6) 1.4 (0.7)
Total operating expenses 2,495.9 2,301.7 7,199.4 6,990.2
OPERATING INCOME 132.9 376.8 635.3 875.8
EXPENSES AND OTHER INCOME:        
Interest expense (54.9) (58.7) (175.6) (164.2)
Interest income 34.2 35.1 119.5 97.3
Other Expense, Net (2.7) (13.7) (13.4) (24.8)
Total (expenses) and other income (23.4) (37.3) (69.5) (91.7)
Income before income taxes 109.5 339.5 565.8 784.1
Provision for income taxes 85.3 91.5 208.2 135.9
Income of consolidated companies 24.2 248.0 357.6 648.2
Equity in net (loss) income of unconsolidated affiliates 0.0 (2.3) (0.2) (1.7)
NET INCOME 24.2 245.7 357.4 646.5
Net income attributable to noncontrolling interests (4.1) (2.0) (12.4) (11.3)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 20.1 $ 243.7 $ 345.0 $ 635.2
Earnings per share, Basic $ 0.05 $ 0.64 $ 0.92 $ 1.65
Earnings per share, Diluted $ 0.05 $ 0.63 $ 0.91 $ 1.64
Weighted-average number of common shares outstanding, Basic 373.9 383.6 376.2 385.0
Weighted-average number of common shares outstanding, Diluted 376.8 385.5 378.7 386.8