Interpublic Group of Companies, Inc. (The) (IPG) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,2702,5091,1926737911,1011,510
Cash and cash equivalents3,2702,5091,1926737911,0981,503
Short-term investments     37
Receivables7,5256,4677,1437,0274,5854,3904,361
Disposal group, including discontinued operation812366203 
Other current assets429391412477335226228
Other undisclosed current assets    1,7471,5181,594
Total current assets:11,2329,3688,7718,1837,4647,4387,693
Noncurrent Assets
Operating lease, right-of-use asset1,5441,3791,574
Property, plant and equipment676690778791650622567
Intangible assets, net (including goodwill)5,7565,8795,9095,9713,9613,8233,757
Goodwill4,9094,9464,8944,8763,8203,6743,609
Intangible assets, net (excluding goodwill)8489341,0141,095141148148
Regulated entity, other noncurrent assets    131215
Deferred costs    161311
Other noncurrent assets400424468429524531488
Other undisclosed noncurrent assets301302252247664754
Total noncurrent assets:8,6778,6758,9817,4375,2315,0474,892
TOTAL ASSETS:19,90918,04317,75215,62012,69512,48512,585
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,8788,1027,9487,5057,5837,0987,432
Accounts payable8,9607,2707,2056,6986,9086,3046,672
Accrued liabilities918832743807675794760
Deferred revenue689658586
Debt485518227487410152
Disposal group, including discontinued operation9265119199 
Contract with customer, liability534
Other undisclosed current liabilities266269     
Total current liabilities:10,8909,5819,4208,1247,6787,7067,584
Noncurrent Liabilities
Long-term debt and lease obligation4,4854,3574,2023,6601,2861,2811,610
Long-term debt, excluding current maturities2,9092,9162,7723,6601,2861,2811,610
Operating lease, liability1,5761,4411,430
Liabilities, other than long-term debt9301,0681,1401,2361,2441,1891,137
Deferred compensation liability, classified329413425423477481464
Other liabilities601655715813767708673
Total noncurrent liabilities:5,4145,4255,3414,8962,5292,4702,747
Total liabilities:16,30415,00614,76213,02010,20710,17610,331
Stockholders' equity
Stockholders' equity attributable to parent3,5262,8952,7762,3932,2012,0171,966
Common stock39393938393940
Treasury stock, value    (59)(63)(71)
Additional paid in capital1,2271,0999778969551,1991,404
Accumulated other comprehensive loss(894)(880)(930)(941)(827)(963)(846)
Retained earnings3,1542,6372,6902,4002,0941,8041,438
Stockholders' equity attributable to noncontrolling interest63495040354036
Total stockholders' equity:3,5892,9442,8262,4332,2362,0572,002
Other undisclosed liabilities and equity1693165168252253252
TOTAL LIABILITIES AND EQUITY:19,90918,04317,75215,62012,69512,48512,585

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,2419,06110,2219,7147,8827,8477,614
Cost of revenue
(Cost of Goods and Services Sold)
(8,388)(7,709)(8,729)(8,336)   
Gross profit:1,8531,3521,4921,3787,8827,8477,614
Operating expenses(8,805)(8,473)(9,135) (6,909)(6,909)(6,742)
Other undisclosed operating income (loss)8,3887,7098,729(369)   
Operating income:1,4365881,0861,009974938872
Nonoperating expense(214)(227)(208)(171)(98)(108)(110)
Other nonoperating expense(71)(64)(43)(70)(26)(37)(47)
Interest and debt expense(74)(192)(199)(123)(91)(91)(86)
Other undisclosed income from continuing operations before equity method investments, income taxes74192199123919186
Income from continuing operations before equity method investments, income taxes:1,222361878838876830762
Income (loss) from equity method investments310(1)101
Income from continuing operations before income taxes:1,225362879837877831763
Income tax expense(252)(8)(205)(199)(282)(198)(283)
Net income:973354674638595633481
Net loss attributable to noncontrolling interest(20)(3)(18)(19)(16)(24)(26)
Net income available to common stockholders, diluted:953351656619579609455

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:973354674638595633481
Other comprehensive income (loss)(16)4910(116)137(118)(213)
Comprehensive income:957403684522732515267
Comprehensive loss, net of tax, attributable to noncontrolling interest(19)(2)(17)(16)(18)(23)(22)
Comprehensive income, net of tax, attributable to parent:939401667506714492246

Statements sources

The financial statements are based on the company's filings with the 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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