The Interpublic Group of Companies, Inc. (IPG) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | 180.1M | -96M | -37M | 868.1M | 223.8M | 120.7M | -157.4M | 894.8M | 242.7M | -35.2M | -547.6M | 1.27B | 65.6M | -90.8M | -633.6M | 1.47B | 390.2M | 468.2M | -249.8M | 1.52B |
| Operating CF Margin % | 7.22% | -3.78% | -1.59% | 30.39% | 8.51% | 4.45% | -6.31% | 29.6% | 9.06% | -1.32% | -21.72% | 42.45% | 2.49% | -3.32% | -24.67% | 50.03% | 15.35% | 18.66% | -11.07% | 59.69% |
| Operating CF Growth % | -19.53% | -179.54% | 76.49% | -2.98% | -7.79% | 442.9% | 71.26% | -29.41% | 269.97% | 61.23% | 13.57% | -13.59% | -83.19% | -119.39% | -153.64% | -3.62% | -43.39% | 637.54% | 9.85% | 37.67% |
| Net Income | 127.1M | 163.6M | -85.3M | 358.3M | 24.2M | 214.5M | 113.6M | 463.2M | 245.7M | 268.7M | 132.1M | 305.9M | 257.5M | 231.8M | 160.9M | 368M | 244.6M | 267.8M | 92.4M | 117M |
| Depreciation & Amortization | 62M | 61.2M | 61M | 63.4M | 65.3M | 65M | 65.2M | 65.3M | 66M | 66.5M | 78.3M | 72.1M | 80.5M | 67.1M | 67.8M | 75.1M | 69.4M | 93.1M | 69.2M | 73.7M |
| Stock-Based Compensation | 13.7M | 19.6M | 12.2M | 12.4M | 17.9M | 18.1M | 16.4M | 10.7M | 12.1M | 12.8M | 11.1M | 12M | 12.7M | 12.8M | 12.5M | 12.2M | 15.7M | 21.9M | 20.3M | 10.6M |
| Deferred Taxes | 10M | -52.6M | -58.7M | -3.2M | 19M | -49.9M | 6M | 10.6M | 23.5M | -43.2M | 14.2M | -53M | 26.1M | -20M | 19.9M | -42.8M | -12M | 28.4M | 18.2M | -37M |
| Other Non-Cash Items | 58.8M | 41.9M | 149.8M | 57.7M | 253.8M | 16.3M | 17.7M | -17.8M | 18.6M | 10.8M | 2.2M | 119.1M | -33.8M | 2.4M | 19.4M | 20M | -1.7M | -19.9M | 91.6M | 196.9M |
| Working Capital Changes | -91.5M | -329.7M | -116M | 379.5M | -156.4M | -143.3M | -376.3M | 362.8M | -123.2M | -350.8M | -785.5M | 811.5M | -277.4M | -384.9M | -914.1M | 1.03B | 74.2M | 76.9M | -541.5M | 1.16B |
| Change in Receivables | -215.8M | 53.3M | 1.03B | -1.02B | -227.9M | -256.1M | 1.42B | -1.42B | -172.7M | -405.9M | 1.43B | -882.2M | -241.8M | -156.9M | 1.16B | -1.36B | -570.7M | -443.7M | 1.16B | -1.21B |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50M | 0 | 49.4M | 0 | 0 | 0 | 0 | 0 | 0 | 385.3M | -287.9M | -343.2M | 352.7M |
| Change in Payables | 21.1M | -388.7M | -961.4M | 1.43B | 85.8M | 223.1M | -1.53B | 1.81B | -43M | 81.1M | -1.8B | 1.57B | -144.2M | -152.3M | -1.69B | 2.16B | 313.3M | 731.6M | -1.35B | 1.99B |
| Cash from Investing | -26.3M | -21.3M | -58.2M | -19.3M | -41.4M | -40.4M | -50M | 118.9M | -48.6M | -121M | -34.7M | -303.9M | -36.4M | -61M | -28.8M | -70.2M | -72M | -43.3M | 200K | -83.7M |
| Capital Expenditures | -26.5M | -25.8M | -21.5M | -34.6M | -37.3M | -34.8M | -35.1M | -52.2M | -47.8M | -46.4M | -32.9M | -59.6M | -46.2M | -41.6M | -30.7M | -71.9M | -61.3M | -33.8M | -28.3M | -55.5M |
| CapEx % of Revenue | 1.06% | 1.02% | 0.93% | 1.21% | 1.42% | 1.28% | 1.41% | 1.73% | 1.78% | 1.74% | 1.31% | 2% | 1.75% | 1.52% | 1.2% | 2.45% | 2.41% | 1.35% | 1.25% | 2.18% |
| Acquisitions | 0 | -3.3M | -37M | 39.3M | -4.2M | -10.8M | -16.4M | 58.7M | -1.4M | -2.3M | -4M | -232.2M | 0 | -20.4M | 0 | 0 | -16.3M | 0 | 0 | -2.4M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 200K | 7.8M | 300K | -1.5M | 500K | 3.1M | 1.5M | -53.9M | 600K | -140.4M | 2.2M | -9.5M | 9.8M | 1M | -700K | -400K | -59.6M | -9.5M | -300K | -25.8M |
| Cash from Financing | -202.9M | -223.2M | -248M | -122.3M | -219.3M | -451.2M | -227.1M | -244.3M | -225.5M | 109.8M | -274.3M | -246.5M | -209.8M | -233M | -210.1M | -616.4M | -153.3M | -101.8M | -212.7M | -608.5M |
| Debt Issued (Net) | 1.8M | 17.6M | -4.1M | 6M | 15.9M | -251.2M | -20.4M | 9.3M | -7.1M | 297.3M | -12M | -31.5M | -15.7M | -26M | 13.9M | -505.5M | 1.04B | 18.7M | -71.6M | -503.6M |
| Equity Issued (Net) | -69.1M | -98.3M | -90M | 0 | -100M | -68M | -62.4M | -131.2M | -91.4M | -50.2M | -77.8M | -98.9M | -74M | -84.8M | -63.1M | 0 | -1M | -1.6M | 8M | -100K |
| Dividends Paid | -120.2M | -121.1M | -125.3M | -122.8M | -123.2M | -123.9M | -126.6M | -117.9M | -118.6M | -119.4M | -123.2M | -112.2M | -113M | -113.8M | -118.3M | -106.3M | -106.2M | -106.1M | -109.1M | -99.5M |
| Share Repurchases | -69.1M | -98.3M | -90M | 0 | -100M | -67.7M | -62.4M | -131.2M | -91M | -50.2M | -77.8M | -98.5M | -73.7M | -84.8M | -63.1M | 0 | -1M | -1.6M | 0 | -100K |
| Other Financing | -15.4M | -21.4M | -28.6M | -5.5M | -12M | -8.1M | -17.7M | -4.5M | -8.4M | -17.9M | -61.3M | -3.9M | -7.1M | -8.4M | -42.6M | -4.6M | -1.09B | -12.8M | -40M | -5.3M |
| Net Change in Cash | -35.4M | -300.5M | -319.8M | 654.7M | -15.3M | -385.7M | -454.5M | 815.1M | -52.7M | -50.4M | -866.3M | 778M | -211M | -418.6M | -867.5M | 775.3M | 152.5M | 325.6M | -492.7M | 881.2M |
| Free Cash Flow | 153.6M | -121.8M | -58.5M | 833.5M | 186.5M | 85.9M | -192.5M | 842.6M | 194.9M | -81.6M | -580.5M | 1.21B | 19.4M | -132.4M | -664.3M | 1.4B | 328.9M | 434.4M | -278.1M | 1.47B |
| FCF Margin % | 6.16% | -4.8% | -2.52% | 29.17% | 7.09% | 3.17% | -7.71% | 27.87% | 7.28% | -3.06% | -23.03% | 40.46% | 0.74% | -4.84% | -25.86% | 47.58% | 12.94% | 17.31% | -12.32% | 57.51% |
| FCF Growth % | -17.64% | -241.79% | 69.61% | -1.08% | -4.31% | 205.27% | 66.84% | -30.25% | 904.64% | 38.37% | 12.61% | -13.41% | -94.1% | -130.48% | -138.87% | -4.88% | -49.34% | 479.72% | 13.55% | 40.9% |
| FCF per Share | 0.42 | -0.33 | -0.16 | 2.21 | 0.49 | 0.23 | -0.51 | 2.20 | 0.51 | -0.21 | -1.50 | 3.08 | 0.05 | -0.33 | -1.67 | 3.49 | 0.82 | 1.09 | -0.70 | 3.70 |
| FCF Conversion (FCF/Net Income) | 1.39x | -0.59x | 0.43x | 2.52x | 11.13x | 0.56x | -1.43x | 1.93x | 1.00x | -0.13x | -4.35x | 4.27x | 0.26x | -0.40x | -3.97x | 4.10x | 1.63x | 1.78x | -2.72x | 13.55x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |