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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE:    
Net revenue $ 1,996.3 $ 2,182.9
Billable expenses 326.3 313.0
Total revenue 2,322.6 2,495.9
OPERATING EXPENSES:    
Salaries and related expenses 1,414.4 1,572.8
Office and other direct expenses 319.2 322.1
Billable expenses 326.3 313.0
Cost of services 2,059.9 2,207.9
Selling, general and administrative expenses 40.4 38.0
Depreciation and amortization 61.0 65.2
Restructuring charges 203.3 0.6
Total operating expenses 2,364.6 2,311.7
OPERATING INCOME (42.0) 184.2
EXPENSES AND OTHER INCOME:    
Interest expense (50.1) (62.8)
Interest income 34.6 48.7
Other Expense, Net (36.9) (9.5)
Total (expenses) and other income (52.4) (23.6)
Income before income taxes (94.4) 160.6
Provision for income taxes (9.2) 47.3
Income of consolidated companies (85.2) 113.3
Equity in net (loss) income of unconsolidated affiliates (0.1) 0.3
NET INCOME (LOSS) (85.3) 113.6
Net income attributable to noncontrolling interests (0.1) (3.2)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ (85.4) $ 110.4
Earnings per share, Basic $ (0.23) $ 0.29
Earnings per share, Diluted $ (0.23) $ 0.29
Weighted-average number of common shares outstanding, Basic 372.5 378.4
Weighted-average number of common shares outstanding, Diluted 375.0 380.6