Interpublic Group of Companies Inc. (The) (IPG) Financial Statements (2024 and earlier)

Company Profile

Business Address 909 THIRD AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7311 - Advertising Agencies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3862,5453,2702,5091,192673
Cash and cash equivalents2,3862,5453,2702,5091,192673
Receivables7,9987,3397,5256,4677,1437,027
Prepaid expense416     
Disposal group, including discontinued operation22681236
Other current assets129435429391412477
Total current assets:10,95010,32511,2329,3688,7718,183
Noncurrent Assets
Operating lease, right-of-use asset1,1631,2781,5441,3791,574
Property, plant and equipment637637676690778791
Intangible assets, net (including goodwill)5,8255,8695,7565,8795,9095,971
Goodwill5,0815,0514,9094,9464,8944,876
Intangible assets, net (excluding goodwill)7448188489341,0141,095
Deferred income tax assets265    
Other noncurrent assets428465400424468429
Other undisclosed noncurrent assets  272301302252247
Total noncurrent assets:8,3178,5208,6778,6758,9817,437
TOTAL ASSETS:19,26718,84519,90918,04317,75215,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0619,0229,8788,1027,9487,505
Accounts payable8,3558,2358,9607,2707,2056,698
Accrued liabilities706787918832743807
Deferred revenue685680689658586
Debt284454855182274
Restructuring reserve      
Disposal group, including discontinued operation49 926511
Contract with customer, liability534
Other undisclosed current liabilities253236266269  
Total current liabilities:10,3319,98310,8909,5819,4208,124
Noncurrent Liabilities
Long-term debt and lease obligation2,9182,8714,4854,3574,2023,660
Long-term debt, excluding current maturities2,9182,8712,9092,9162,7723,660
Liabilities, other than long-term debt1,9732,2479301,0681,1401,236
Deferred compensation liability, classified224294329413425423
Other liabilities532573601655715813
Operating lease, liability1,2171,3801,5761,4411,430
Total noncurrent liabilities:4,8905,1185,4145,4255,3414,896
Total liabilities:15,22115,10116,30415,00614,76213,020
Equity
Equity, attributable to parent, including:3,9433,6483,5262,8952,7762,393
Common stock383939393938
Treasury stock, value      
Additional paid in capital7291,0581,2271,099977896
Accumulated other comprehensive loss(946)(960)(894)(880)(930)(941)
Retained earnings4,2553,6323,1542,6372,6902,400
Other undisclosed equity, attributable to parent(133)(120)    
Equity, attributable to noncontrolling interest615863495040
Total equity:4,0043,7063,5892,9442,8262,433
Other undisclosed liabilities and equity42381693165168
TOTAL LIABILITIES AND EQUITY:19,26718,84519,90918,04317,75215,620

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues10,88910,92810,2419,06110,2219,714
Cost of revenue
(Cost of Goods and Services Sold)
(9,075)(9,083)(8,388)(7,709)(8,729)(8,336)
Gross profit:1,8141,8451,8531,3521,4921,378
Operating expenses(9,407)(9,547)(8,805)(8,473)(9,135) 
Other undisclosed operating income (loss)9,0759,0838,3887,7098,729(369)
Operating income:1,4831,3811,4365881,0861,009
Nonoperating expense(75)(112)(214)(227)(208)(171)
Other nonoperating income (expense)10(1)(71)(64)(43)(70)
Interest and debt expense(226)(175)(74)(192)(199)(123)
Other undisclosed income from continuing operations before equity method investments, income taxes22617574192199123
Income from continuing operations before equity method investments, income taxes:1,4081,2691,222361878838
Income (loss) from equity method investments16310(1)
Income from continuing operations before income taxes:1,4091,2751,225362879837
Income tax expense(291)(318)(252)(8)(205)(199)
Income from continuing operations:1,118956973354674638
Income before gain (loss) on sale of properties:973354674638
Net income:1,118956973354674638
Net loss attributable to noncontrolling interest(20)(18)(20)(3)(18)(19)
Net income available to common stockholders, diluted:1,098938953351656619

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,118956973354674638
Other comprehensive income (loss)47(68)(16)4910(116)
Comprehensive income:1,165888957403684522
Comprehensive loss, net of tax, attributable to noncontrolling interest(20)(17)(19)(2)(17)(16)
Comprehensive income, net of tax, attributable to parent:1,146872939401667506

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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