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Restated Quarterly Statements of Income, 1999-2000

January 22, 2001 at 12:00 AM EST

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

 

1ST QTR

2ND QTR

3RD QTR

4TH QTR

YEAR 1999

1ST QTR

2ND QTR

3RD QTR

 
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

Salaries and related expenses

598,127

629,793

670,517

847,519

2,745,956

709,378

730,596

767,575

Office and general expenses

328,788

346,146

346,240

448,688

1,469,862

375,081

392,771

380,905

Amortization of intangible assets

17,098

19,220

21,284

41,724

99,326

23,409

23,965

30,101

Total costs

944,013

995,159

1,038,041

1,337,931

4,315,144

1,107,868

1,147,332

1,178,581

Income from Operations

93,847

254,482

134,834

179,516

662,679

117,497

299,206

174,500

Interest expense

(17,475)

(20,591)

(21,714)

(21,561)

(81,341)

(20,414)

(22,082)

(32,339)

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

EPS

$     0.17

$      0.49

 $      0.23

 $      0.35

 $      1.24

$    0.21

$      0.56

 $    0.28