Interpublic Group of Companies, Inc. (The) (IPG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5091,1926737911,1011,5101,667
Cash and cash equivalents2,5091,1926737911,0981,5031,661
Short-term investments    377
Receivables6,4677,1437,0274,5854,3904,3614,377
Disposal group, including discontinued operation12366203  
Other current assets391412477335226228342
Other undisclosed current assets   1,7471,5181,5941,424
Total current assets:9,3688,7718,1837,4647,4387,6937,810
Noncurrent Assets
Operating lease, right-of-use asset1,3791,574
Property, plant and equipment690778791650622567548
Intangible assets, net (including goodwill)5,8795,9095,9713,9613,8233,7573,844
Goodwill4,9464,8944,8763,8203,6743,6093,669
Intangible assets, net (excluding goodwill)9341,0141,095141148148175
Regulated entity, other noncurrent assets   13121517
Deferred costs   1613119
Other noncurrent assets424468429524531488527
Other undisclosed noncurrent assets302252247664754(7)
Total noncurrent assets:8,6758,9817,4375,2315,0474,8924,937
TOTAL ASSETS:18,04317,75215,62012,69512,48512,58512,747
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,1027,9487,5057,5837,0987,4327,883
Accounts payable7,2707,2056,6986,9086,3046,6726,558
Accrued liabilities832743807675794760796
Employee-related liabilities      511
Interest and dividends payable      18
Deferred revenue658586
Debt5518227487410152109
Restructuring reserve      6
Disposal group, including discontinued operation265119199  
Contract with customer, liability534
Other undisclosed current liabilities269     (534)
Total current liabilities:9,5819,4208,1247,6787,7067,5847,463
Noncurrent Liabilities
Long-term debt and lease obligation4,3574,2023,6601,2861,2811,6101,624
Long-term debt, excluding current maturities2,9162,7723,6601,2861,2811,6101,624
Operating lease, liability1,4411,430
Liabilities, other than long-term debt1,0681,1401,2361,2441,1891,1371,252
Deferred compensation liability, classified413425423477481464528
Other liabilities655715813767708673724
Total noncurrent liabilities:5,4255,3414,8962,5292,4702,7472,875
Total liabilities:15,00614,76213,02010,20710,17610,33110,339
Stockholders' equity
Stockholders' equity attributable to parent2,8952,7762,3932,2012,0171,9662,116
Common stock39393839394041
Treasury stock, value   (59)(63)(71)(19)
Additional paid in capital1,0999778969551,1991,4041,548
Accumulated other comprehensive loss(880)(930)(941)(827)(963)(846)(637)
Retained earnings2,6372,6902,4002,0941,8041,4381,183
Stockholders' equity attributable to noncontrolling interest49504035403635
Total stockholders' equity:2,9442,8262,4332,2362,0572,0022,151
Other undisclosed liabilities and equity93165168252253252257
TOTAL LIABILITIES AND EQUITY:18,04317,75215,62012,69512,48512,58512,747

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,06110,2219,7147,8827,8477,6147,537
Cost of revenue(7,709)(8,729)(8,336)   (4,650)
Cost of goods and services sold(7,709)(8,729)(8,336)    
Gross profit:1,3521,4921,3787,8827,8477,6142,887
Operating expenses(8,473)(9,135) (6,909)(6,909)(6,742)(2,099)
Other undisclosed operating income (loss)7,7098,729(369)    
Operating income:5881,0861,009974938872788
Nonoperating expense(227)(208)(171)(98)(108)(110)(68)
Investment income, nonoperating      27
Other nonoperating expense(64)(43)(70)(26)(37)(47)(10)
Interest and debt expense(192)(199)(123)(91)(91)(86)(75)
Other undisclosed income from continuing operations before equity method investments, income taxes19219912391918675
Income from continuing operations before equity method investments, income taxes:361878838876830762721
Income (loss) from equity method investments10(1)1011
Income from continuing operations before income taxes:362879837877831763722
Income tax expense(8)(205)(199)(282)(198)(283)(217)
Net income:354674638595633481505
Net loss attributable to noncontrolling interest(3)(18)(19)(16)(24)(26)(28)
Net income available to common stockholders, diluted:351656619579609455477

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:354674638595633481505
Other comprehensive income (loss)4910(116)137(118)(213)(228)
Comprehensive income:403684522732515267277
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(17)(16)(18)(23)(22)(26)
Comprehensive income, net of tax, attributable to parent:401667506714492246252

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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