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THE INTERPUBLIC GROUP OF COMPANIES, INC.
COMPUTATION OF EARNINGS PER SHARE
(Dollars in Thousands Except Per Share Data)
Year Ended December 31
1999 1998 1997 1996 1995
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BASIC:
Net income $315,243 $333,593 $220,211 $228,914 $145,975
Weighted average number of
common shares outstanding 292,066,936 288,830,671 277,870,558 278,293,933 272,378,306
Net income per share - Basic $1.08 $1.15 $ .79 $ .82 $ .54
DILUTED:
Net income $315,243 $333,593 $220,211 $228,914 $145,975
After tax interest savings
on assumed conversion of
subordinated debentures(1)(2) -- -- 5,929 6,410 --
Add: Dividends paid net of
related income tax applicable
to the Restricted Stock Plan 631 541 447 384 461
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Net income, as adjusted $315,874 $334,134 $226,587 $235,708 $146,436
================================================================
Weighted average number of
common shares outstanding 292,066,936 288,830,671 277,870,558 278,293,933 272,378,306
Assumed conversion of
subordinated debentures(1)(2) -- 5,320 8,020,582 8,933,004 --
Weighted average number of
incremental shares in
connection with assumed
exercise of stock options 7,310,525 6,923,813 6,508,296 4,438,746 3,843,846
Weighted average number of
incremental shares in
connection with the
Restricted Stock Plan 3,536,805 3,453,838 3,277,294 3,211,128 4,160,134
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Total 302,914,266 299,213,642 295,676,730 294,876,811 280,382,286
Diluted Earnings Per Share Data:
Net Income $1.04 $1.12 $ .77 $ .80 $ .52
All share data for prior periods have been adjusted the two-for-one stock split
effective July 15, 1999.
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[FN]
(1) The computation of diluted EPS for 1999 excludes the assumed conversion of
the 1.87% and 1.80% Convertible Subordinated Notes due 2006 and 2004,
respectively, because they were antidilutive.
(2) The computation of diluted EPS for 1998 and 1997 excludes the assumed
conversion of the 1.80% Convertible Subordinated Notes due 2004 because
they were antidilutive. Similarly, the computation of diluted EPS for 1995
excludes the assumed conversion of the 3 3/4% Convertible Subordinated
Debentures due 2002 as they were antidilutive.
</FN>
EXHIBIT 11
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THE INTERPUBLIC GROUP OF COMPANIES, INC.
COMPUTATION OF EARNINGS PER SHARE (UNAUDITED)
(Dollars in Thousands Except Per Share Data)
Three Months Ended March 31
2000 1999
------------------------------
BASIC:
Net income $ 37,295 $ 48,712
Weighted average number of
common shares outstanding 293,897,273 290,532,167
Net income per share - Basic $0.13 $0.17
DILUTED(1):
Net income $ 37,295 $ 48,712
Add: Dividends paid net of
related income tax applicable
to the Restricted Stock Plan 162 143
------------------------------
Net income, as adjusted $ 37,457 $ 48,855
==============================
Weighted average number of
common shares outstanding 293,897,273 290,532,167
Weighted average number of
incremental shares in
connection with assumed
exercise of stock options 7,198,974 7,722,973
Weighted average number of
incremental shares in
connection with the
Restricted Stock Plan 3,500,778 3,520,844
------------------------------
Total 304,597,025 301,775,984
Diluted Earnings Per Share Data:
Net Income $0.12 $0.16
- -----------------
[FN]
(1) The computation of diluted EPS for 2000 and 1999 exclude the assumed
conversion of the 1.80% Convertible Subordinated Notes due 2004, and for
2000 excludes the assumed conversion of the 1.87% Convertible Subordinated
Notes due 2006, because they were antidilutive.
</FN>