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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7311,6782,5451,7681,9832,402
Cash and cash equivalents1,6281,6782,5451,7681,9832,402
Short-term investments103     
Receivables6,3865,9477,3396,2796,2486,335
Prepaid expense457     
Disposal group, including discontinued operation666161830
Other current assets61540435471512502
Total current assets:8,6418,17110,3258,5358,7619,270
Noncurrent Assets
Operating lease, right-of-use asset1,2411,2491,2781,3921,4461,507
Property, plant and equipment630631637633642655
Intangible assets, net (including goodwill)5,8645,8595,8695,5785,6555,725
Goodwill5,0785,0615,0514,8034,8554,899
Intangible assets, net (excluding goodwill)786798818775800825
Deferred income tax assets287284 267301309
Other noncurrent assets447470465470445416
Other undisclosed noncurrent assets   272   
Total noncurrent assets:8,4698,4938,5208,3408,4888,611
TOTAL ASSETS:17,11016,66418,84516,87517,24917,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,1366,9999,0227,7297,9487,836
Interest and dividends payable4140
Employee-related liabilities483423
Accounts payable6,5736,4618,2356,5366,8617,245
Accrued liabilities562539787669624591
Deferred revenue691693680660664760
Debt2812845564660
Restructuring reserve11    
Disposal group, including discontinued operation55 101228
Other undisclosed current liabilities243233236(286)(208)270
Total current liabilities:8,3557,9609,9838,1698,4638,954
Noncurrent Liabilities
Long-term debt and lease obligation2,9152,8722,8714,3124,3754,437
Long-term debt, excluding current maturities2,9152,8722,8712,9032,9062,908
Liabilities, other than long-term debt2,0482,1742,247928913933
Deferred compensation liability, classified216213294293288288
Other liabilities516620573635625645
Operating lease, liability1,3171,3421,3801,4101,4691,529
Total noncurrent liabilities:4,9635,0465,1185,2405,2885,370
Total liabilities:13,31913,00615,10113,40913,75114,324
Equity
Equity, attributable to parent, including:3,6863,5593,6483,4053,4373,487
Common stock393939404040
Treasury stock, value      
Additional paid in capital1,0351,0171,0581,2391,2221,206
Accumulated other comprehensive loss(923)(937)(960)(1,103)(989)(892)
Retained earnings3,7833,6383,6323,4503,3123,197
Other undisclosed equity, attributable to parent (248)(198)(120)(222)(148)(63)
Equity, attributable to noncontrolling interest606158535262
Total equity:3,7463,6203,7063,4573,4893,549
Other undisclosed liabilities and equity463838998
TOTAL LIABILITIES AND EQUITY:17,11016,66418,84516,87517,24917,881

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,6672,5212,9862,6382,7362,569
Cost of revenue
(Cost of Goods and Services Sold)
(2,277)(2,252)(2,338)(2,216)(2,300)(2,229)
Gross profit:389269648422436339
Operating expenses   (9,547)   
Other undisclosed operating income (loss)(79)(81)9,343(80)(86)(94)
Operating income:311188445342349246
Nonoperating expense(32)(22)(32)(10)(34)(36)
Other nonoperating income (expense)(4)(7)(8)18(5)(6)
Interest and debt expense(63)(56)(49)(45)(41)(39)
Other undisclosed income from continuing operations before equity method investments, income taxes635649454139
Income from continuing operations before equity method investments, income taxes:279166413331315210
Income (loss) from equity method investments1(0)2310
Income from continuing operations before income taxes:279166415334316210
Income tax expense(11)(34)(109)(76)(84)(49)
Income from continuing operations:269132306258232161
Income before gain (loss) on sale of properties:258232161
Net income:269132306258232161
Net loss attributable to noncontrolling interest(3)(6)(9)(6)(2)(2)
Net income available to common stockholders, diluted:266126297252230159

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:269132306258232161
Other comprehensive income (loss)1424142(114)(98)2
Comprehensive income:283156448143134163
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(6)(9)(5)(1)(2)
Comprehensive income, net of tax, attributable to parent:279150439138133161

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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