Interpublic Group of Companies, Inc. (The) (IPG) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1926737911,1011,5101,6671,642
Cash and cash equivalents1,1926737911,0981,5031,6611,637
Short-term investments   3775
Receivables7,1437,0274,5854,3904,3614,3774,565
Inventory, net of allowances, customer advances and progress billings      1,536
Inventory      1,536
Disposal group, including discontinued operation2366203   
Other current assets412477335226228342340
Other undisclosed current assets  1,7471,5181,5941,424 
Total current assets:8,7718,1837,4647,4387,6937,8108,084
Noncurrent Assets
Operating lease, right-of-use asset1,574
Property, plant and equipment778791650622567548540
Intangible assets, net (including goodwill)5,9095,9713,9613,8233,7573,8443,793
Goodwill4,8944,8763,8203,6743,6093,6693,629
Intangible assets, net (excluding goodwill)1,0141,095141148148175164
Regulated entity, other noncurrent assets  1312151715
Deferred costs  1613119 
Other noncurrent assets468429524531488527508
Other undisclosed noncurrent assets252247664754(7)(35)
Total noncurrent assets:8,9817,4375,2315,0474,8924,9374,821
TOTAL ASSETS:17,75215,62012,69512,48512,58512,74712,905
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,9487,5057,5837,0987,4327,8838,100
Accounts payable7,2056,6986,9086,3046,6726,5586,914
Accrued liabilities743807675794760796718
Employee-related liabilities     511467
Interest and dividends payable     18 
Deferred revenue586
Debt8227487410152109533
Restructuring reserve     6
Disposal group, including discontinued operation65119199   
Contract with customer, liability534
Other undisclosed current liabilities     (534)(467)
Total current liabilities:9,4208,1247,6787,7067,5847,4638,165
Noncurrent Liabilities
Long-term debt and lease obligation4,2023,6601,2861,2811,6101,6241,130
Long-term debt, excluding current maturities2,7723,6601,2861,2811,6101,6241,130
Operating lease, liability1,430
Liabilities, other than long-term debt1,1401,2361,2441,1891,1371,2521,110
Deferred compensation liability, classified425423477481464528514
Other liabilities715813767708673724596
Total noncurrent liabilities:5,3414,8962,5292,4702,7472,8752,240
Total liabilities:14,76213,02010,20710,17610,33110,33910,405
Stockholders' equity
Stockholders' equity attributable to parent2,7762,3932,2012,0171,9662,1162,215
Common stock39383939404153
Treasury stock, value  (59)(63)(71)(19)(1,266)
Additional paid in capital9778969551,1991,4041,5482,975
Accumulated other comprehensive loss(930)(941)(827)(963)(846)(637)(411)
Retained earnings2,6902,4002,0941,8041,4381,183865
Stockholders' equity attributable to noncontrolling interest50403540363536
Total stockholders' equity:2,8262,4332,2362,0572,0022,1512,251
Other undisclosed liabilities and equity165168252253252257249
TOTAL LIABILITIES AND EQUITY:17,75215,62012,69512,48512,58512,74712,905

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,2219,7147,8827,8477,6147,5377,122
Cost of revenue(8,729)(8,336)   (4,650)(4,376)
Cost of goods and services sold(8,729)(8,336)     
Gross profit:1,4921,3787,8827,8477,6142,8872,747
Operating expenses(9,135) (6,909)(6,909)(6,742)(2,099)(2,149)
Other undisclosed operating income (loss)8,729(369)     
Operating income:1,0861,009974938872788598
Nonoperating expense(208)(171)(98)(108)(110)(68)(130)
Investment income, nonoperating     2725
Other nonoperating expense(43)(70)(26)(37)(47)(10)(32)
Interest and debt expense(199)(123)(91)(91)(86)(75)(168)
Other undisclosed income from continuing operations before equity method investments, income taxes19912391918675168
Income from continuing operations before equity method investments, income taxes:878838876830762721468
Income (loss) from equity method investments0(1)10112
Income from continuing operations before income taxes:879837877831763722470
Income tax expense(205)(199)(282)(198)(283)(217)(181)
Net income:674638595633481505289
Net loss attributable to noncontrolling interest(18)(19)(16)(24)(26)(28)(21)
Net income attributable to parent:656619579609455477268
Preferred stock dividends and other adjustments      (9)
Net income available to common stockholders, basic:656619579609455477259
Other undisclosed net income available to common stockholders, diluted      1
Net income available to common stockholders, diluted:656619579609455477260

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:674638595633481505289
Other comprehensive income (loss)10(116)137(118)(213)(228)(127)
Comprehensive income:684522732515267277162
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(17)(16)(18)(23)(22)(26)17
Other undisclosed comprehensive loss, net of tax, attributable to parent      (34)
Comprehensive income, net of tax, attributable to parent:667506714492246252145

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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