Restated Quarterly Statements of Income, 1999-2000
The following financial statements have been restated to include the
operations of Deutsch, Inc. which was acquired November 30, 2000.
For additional
disclosure, please refer to the 8-K statement filed at the Securities and
Exchange Commission January 11, 2001.
INTERPUBLIC GROUP OF COMPANIES, INC.
STATEMENT OF INCOME
RESULTS BY QUARTER FOR 1999 AND 2000
(Dollars in thousands)
1999 |
1999 |
1999 |
1999 |
|
2000 |
2000 |
2000 |
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1ST QTR |
2ND QTR |
3RD QTR |
4TH QTR |
YEAR 1999 |
1ST QTR |
2ND QTR |
3RD QTR |
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Revenue |
$ 1,037,860 |
$ 1,249,641 |
$1,172,875 |
$ 1,517,447 |
$ 4,977,823 |
$ 1,225,365 |
$ 1,446,538 |
$ 1,353,081 |
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Salaries and related expenses |
598,127 |
629,793 |
670,517 |
847,519 |
2,745,956 |
709,378 |
730,596 |
767,575 |
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Office and general expenses |
328,788 |
346,146 |
346,240 |
448,688 |
1,469,862 |
375,081 |
392,771 |
380,905 |
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Amortization of intangible assets |
17,098 |
19,220 |
21,284 |
41,724 |
99,326 |
23,409 |
23,965 |
30,101 |
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Total costs |
944,013 |
995,159 |
1,038,041 |
1,337,931 |
4,315,144 |
1,107,868 |
1,147,332 |
1,178,581 |
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Income from Operations |
93,847 |
254,482 |
134,834 |
179,516 |
662,679 |
117,497 |
299,206 |
174,500 |
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Interest expense |
(17,475) |
(20,591) |
(21,714) |
(21,561) |
(81,341) |
(20,414) |
(22,082) |
(32,339) |
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Other income, net |
12,884 |
29,213 |
15,151 |
46,314 |
103,562 |
17,011 |
29,274 |
16,676 |
|||||||
Income before provision for income taxes |
89,256 |
263,104 |
128,271 |
204,269 |
684,900 |
114,094 |
306,398 |
158,837 |
|||||||
Provision for income taxes |
35,765 |
104,208 |
52,295 |
84,449 |
276,717 |
46,701 |
123,301 |
63,438 |
|||||||
Income of consolidated companies |
53,491 |
158,896 |
75,976 |
119,820 |
408,183 |
67,393 |
183,097 |
95,399 |
|||||||
Income applicable to minority interests |
(3,753) |
(9,003) |
(6,288) |
(14,947) |
(33,991) |
(5,422) |
(10,287) |
(10,012) |
|||||||
Equity in net income of unconsolidated affiliates |
1,367 |
2,800 |
1,924 |
2,441 |
8,532 |
1,696 |
4,690 |
1,856 |
|||||||
Net Income |
$51,105 |
$152,693 |
$71,612 |
$107,314 |
$382,724 |
$63,667 |
$177,500 |
$87,243 |
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EPS |
$ 0.17 |
$ 0.49 |
$ 0.23 |
$ 0.35 |
$ 1.24 |
$ 0.21 |
$ 0.56 |
$ 0.28 |