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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5453,2702,5091,192673791
Cash and cash equivalents2,5453,2702,5091,192673791
Short-term investments      
Receivables7,3397,5256,4677,1437,0274,585
Prepaid expense      
Disposal group, including discontinued operation6812366
Other current assets435429391412477335
Other undisclosed current assets      1,747
Total current assets:10,32511,2329,3688,7718,1837,464
Noncurrent Assets
Operating lease, right-of-use asset1,2781,5441,3791,574
Property, plant and equipment637676690778791650
Intangible assets, net (including goodwill)5,8695,7565,8795,9095,9713,961
Goodwill5,0514,9094,9464,8944,8763,820
Intangible assets, net (excluding goodwill)8188489341,0141,095141
Regulated entity, other noncurrent assets      13
Deferred costs      16
Deferred income tax assets    
Other noncurrent assets465400424468429524
Other undisclosed noncurrent assets 27230130225224766
Total noncurrent assets:8,5208,6778,6758,9817,4375,231
TOTAL ASSETS:18,84519,90918,04317,75215,62012,695
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,0229,8788,1027,9487,5057,583
Accounts payable8,2358,9607,2707,2056,6986,908
Accrued liabilities787918832743807675
Deferred revenue680689658586
Debt45485518227487
Restructuring reserve      
Disposal group, including discontinued operation 9265119
Contract with customer, liability534
Other undisclosed current liabilities236266269   
Total current liabilities:9,98310,8909,5819,4208,1247,678
Noncurrent Liabilities
Long-term debt and lease obligation2,8714,4854,3574,2023,6601,286
Long-term debt, excluding current maturities2,8712,9092,9162,7723,6601,286
Liabilities, other than long-term debt2,2479301,0681,1401,2361,244
Deferred compensation liability, classified294329413425423477
Other liabilities573601655715813767
Operating lease, liability1,3801,5761,4411,430
Total noncurrent liabilities:5,1185,4145,4255,3414,8962,529
Total liabilities:15,10116,30415,00614,76213,02010,207
Equity
Equity, attributable to parent, including:3,6483,5262,8952,7762,3932,201
Common stock393939393839
Treasury stock, value     (59)
Additional paid in capital1,0581,2271,099977896955
Accumulated other comprehensive loss(960)(894)(880)(930)(941)(827)
Retained earnings3,6323,1542,6372,6902,4002,094
Other undisclosed equity, attributable to parent (120)     
Equity, attributable to noncontrolling interest586349504035
Total equity:3,7063,5892,9442,8262,4332,236
Other undisclosed liabilities and equity381693165168252
TOTAL LIABILITIES AND EQUITY:18,84519,90918,04317,75215,62012,695

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues10,92810,2419,06110,2219,7147,882
Cost of revenue
(Cost of Goods and Services Sold)
(9,083)(8,388)(7,709)(8,729)(8,336) 
Gross profit:1,8451,8531,3521,4921,3787,882
Operating expenses(9,547)(8,805)(8,473)(9,135) (6,909)
Other undisclosed operating income (loss)9,0838,3887,7098,729(369) 
Operating income:1,3811,4365881,0861,009974
Nonoperating expense(112)(214)(227)(208)(171)(98)
Other nonoperating expense(1)(71)(64)(43)(70)(26)
Interest and debt expense(175)(74)(192)(199)(123)(91)
Other undisclosed income from continuing operations before equity method investments, income taxes1757419219912391
Income from continuing operations before equity method investments, income taxes:1,2691,222361878838876
Income (loss) from equity method investments6310(1)1
Income from continuing operations before income taxes:1,2751,225362879837877
Income tax expense(318)(252)(8)(205)(199)(282)
Income from continuing operations:956973354674638595
Income before gain (loss) on sale of properties:973354674638595
Net income:956973354674638595
Net loss attributable to noncontrolling interest(18)(20)(3)(18)(19)(16)
Net income available to common stockholders, diluted:938953351656619579

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:956973354674638595
Other comprehensive income (loss)(68)(16)4910(116)137
Comprehensive income:888957403684522732
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(19)(2)(17)(16)(18)
Comprehensive income, net of tax, attributable to parent:872939401667506714

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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