and morning. good John Thanks,
Omnicom's As quarter year. John fourth end a described, to represented just results the strong
As is to continue to our cost needs deliver services. efficiently same climate, remain essential on in marketplace, while their today's structures their agencies an clients' in responding business to our manage at ever-changing time, internal focused the they
objectives. both on execute to continued has business Our
continue also efforts the operational to of efficiency. see to We increase benefit our our Company-wide
starting growth year-end revenue had FX the our as Regarding X, X.X% reported for we our revenue, upon million. overall to agencies $XXX reducing last impacted organic negatively fourth well quarter, by project our million, quarter $XX improve of did year or spend. capturing revenue for X% the and on in Slide or again
dispositions, our and dispositions we call, European last we as business. acquisitions Sellbytel, spoke during Regarding largest about third quarter, during completed our was the which support of the sales several
Recognition completed impact with the in over revenue by and reduced of several million year, this about past Media UDG, division acquisition the a known reported of Germany. X.X% also and Digital of Revenue Media And a acquisitions adopt Performance with applying the of our $XX $XXX approximately were disposition net by beginning The revenue the revenue in fourth quarter. lastly, impact recognition The XXX, including new standard quarter's or FASB's acquisition our of reduced new Strategic Marketing or We line to as we quarter activities reminder, Group ASC X.X%, as the our million effective expectations. XXXX. required for Standard, the
result, last $X.X under I Later QX of in when little will billion a to detail. the decreased more year. changes of our components to on, discuss revenue the the As in fourth revenue a in quarter compared
slightly last was of profit million, of quarter. over to EBITDA also XXXX, represented to margin and when of increase XX.X% when our our basis the operating million year's was QX was up while operating for $XXX basis to points year. up Turning XX last point margin a Slide X, compared EBITDA XX quarter fourth $XXX XX.X% our compared
our Our ongoing actions IT, restructuring as took margin increase focusing income and efficiencies, real internal operating on the the performance operational initiatives to services, of impact and quarter. as we back well to office our procurement last estate, positively continue benefits
cash $X.X an primarily our the last driven by million rate QX to the to past interest increased typically the cash compared million, fourth year-end. by versus in year, by income of reduction quarter expense treasury quarter. expense the million, disposition which activity year, margins the up non-strategic, compared ago. in swaps, $XX.X held resulting was versus interest interest from of And the paper by centers impact in FX benefited particularly the margin floating than reported was fourth our quarter also offset the by at impacting over a year in of when Net million last we decreased $X.X million year's compared in interest lower the negative quarter interest last $XX.X from interest was caused in agencies, primarily $X.X We while the due of gross year's figure several partially our Gross due When increased expense that of XXXX. quarter. quarter million million increase in higher quarter with by this $X.X for the commercial up $X.X average income balances QX, to during reduction year, down to impact and increased the $X.X carry third over million rates the fourth
our driver previously XX.X%, full resulting rate rate XX.X%. rate tax XXXX. the statutory year the Turning taxes, the was slightly The for than rate reduced was rate rate what The the tax lower to tax the bringing for Tax the we of enactment of effective lower was Act, effective anticipated the lower tax year-over-year the XXXX XX%. quarter tax primary to from XX% U.S. fourth effective year which from federal for reported
method it the QX in Tax and affiliates in and of impact the our resolution activity primarily $X.X U.S. tax of of decreased stock to from number XXXX, QX, originally million, for anticipate in the was in subsidiaries with particularly FX the compensation fully-owned XXXX foreign of disposition fully-owned minority predict The exercises. less and in full earnings of of XXXX resulting tax upon located impact impact recorded additional changes of and performance share-based the future of than QX, by our successful strength the quarter because connection rate the QX expense the XXXX be $X.X in the equity amounts recorded to million during share subject to is provisional items; the cannot price actual Act, Europe. following Asia investments less large of first of of option a we repositioning the claims realized tax shareholders in allocation actions our from the outside which Earnings benefit the the year rate are items, which will Going our excluding $XX.X our our a our the tax in impact quarter million taken result of after our negative forward, we for excluding subsidiaries XX%, effective approximates tax after since than in
for As quarter a income $XXX million. the fourth our result, was net
in As income related before to assessment million a last year-end. to the recorded Act XXXX year, just passage QX we $XXX a the last our Tax of reminder of net increase the of impact preliminary tax expense,
net increased income net reported additional of $XX versus excluding charge, or $XXX increased tax last income income $XXX million XX.X%. year's Although, million net year's last million,
Now turning for net to for shareholders X, million. was Slide quarter common $XXX the available income
million, QX count the was Our of past share X.X% of over for months. our versus of XX last due share repurchase to XXX.X activity diluted impact the QX year decrease
after reform, we quarter reported $X.XX X provide the of QX As a last was versus P&L, summary X, year and information which other took the Slides charge we of EPS full for the tax QX million in and $XXX year. result, excluding results. On $X.XX XXXX impact the diluted fourth up $X.XX EPS share and $X.XX XX.X% That's of per amount up per for the share. our or
in of third pre-tax of third during Along a closed resulted As gain net we Sellbytel. the $XXX million. quarter the other with dispositions a completed disposition reminder, we in on that quarter, the
third of we the from during million addition, recorded repositioning actions, for primarily lease and resulting quarter, terminations. In $XXX severance charges
resulting $XX in amounts results supplemental of these results, items, presentation we in adjustments items. the XX Slide the XXXX present the full these full-year originally provisional additional Since recorded on Lastly, QX, our quarterly XX%. an recorded compared of share resulting per $X.XX them. are without just billion, reported $X.XX profit few expense a of operating Tax full of X.X% approximately highlight was reported The excluding year The will from tax in operating with the year, Act. with a year last with to was performance, connection XXXX. $X.XX for XXXX in of section adjusted non-GAAP our million, in our our results, the versus margin of line EPS increase And share finally, I
in FX actions share, Excluding revenue Slide repositioning new reform the of have comparison discussed ASC new tax quarter, that's approximately Tax in recognition we except widespread. and end largest at our pound. X% of for been EPS of as in dollar, third quarter a euro in The basis against during several in was months, was the details the the adjustments, XXXX's our detail on the full revenue revenue dollar the every revenue of $XXX fourth million over the we lower of the Returning of movements the year the the X, dispositions, not major were impact Australian impact the adjusted the On per previous again the in adopted reported the the fourth the fourth quarter. our $XX on $X.XX revenue UK recorded of and decreased by in XXXX. in at after to standard impact to XXX, the The strengthened continued expense currencies dollar's reported impact quarter; headwinds XXXX's Act past the Brazilian quarter connection The with the the changes FX reported recognition $X.XX revenue for EPS $X.XX this the calls, tax by million for rates revenue of and yen. up EBIT the in would year-over-year of on impact Because and during impact $X.XX quarter or X% foreign fourth the performance And additional the reduced the from currency our applying the standard excluding in Japanese one the created material. year. quarter. the strengthening real, in strengthening
of As for alone the the XXXX, the projection impact currency highly how is for us foreign for FX next will rest assumption a over let rates few year, any speculative. move of months on the
year, However, of X.X% the projection, and they where decreased our the million currencies Based half revenues the acquisitions, revenue currently as begin stay XXXX in our of or dispositions, $XXX full of FX recent our reported are. X.X% impact approximately X.X%. in by The on quarter could year. by X% the for we reduce net to first
of the XXXX, X% year enter of acquisitions, X.X% will first X.X% Sellbytel we cycle the through completed we dispositions year-end the half from the to we approximately be impact as As and net for expect of through XXXX. continue other XXXX and for negative; dispositions to
remaining positive Asia-Pacific Finally, was mixed for year-end the and geographically European primarily reflecting the somewhat while had quarter and X.X%, spending. organic by the Geographically, growth. U.S., growth the discipline, strongest project regions effects, up fourth client
by service our X by advertising businesses. did Experience this of growth discipline. agency our as well group strength our as disciplines, had our driven CRM excellent business shows as our media Regarding of quarter, mix agencies Slide our primarily the discipline, Consumer healthcare
XX% For the services. was XX% split and advertising for quarter, second the for marketing
discipline, organic to agencies quite global organically businesses by Media CRM while precision As mixed elections. advertising certain up performed benefit associated Support up with agencies, Experience small a strongest mid-term that which the the advertising was the again performance, pace that in work quarter. growth growth experience Execution advertising our from particularly our with agencies our down domestically X.X%. was up our leading was quarter & the as X.X% sluggish our national performances for continues coming well was disciplines category. CRM X.X% PR this organic discipline. from marketing with in saw year-over-year performance, included we this from way and the discipline to Consumer agencies continue X.X% domestic
up Lastly, healthcare was X.X%.
was all America, X% XX% the mix and for On X% from disciplines and regions. the the Middle balance recently, regional African X% rest details North the U.S., across for the of the in As America can quarter, XX% you Pacific, for Europe, performance XX% East see has the Slide rest split was which case of the business, UK, X, the the strong during of Latin been broad-based our for in markets. the Asia
to third our macroeconomic to Zealand quarter Japan in quarter. the businesses our to agencies India with positive growth in Organic China, growth growth. disciplines underperformed. X. by Latin was saw the positive our in organic and as Turning the our issues healthcare In up in X.X% outside region, quarter, performance rebounded media growth our in Spain, fourth Italy impact growth of on & the was our growth growth agencies. The X.X% details organically and well. businesses led quarter and continue our and in positive The organic Execution our negative of had the Slide New a in Europe Europe Greater returned Germany France, in the of to in was of strong UK Organic Asia all Europe advertising by Eurozone After performances the Geographically, was media, Brazil revenue healthcare continued by quarter. led in X.X%, and the with turn U.S. markets, lagging. X% performances with this agencies CRM Pacific PR this Support America Organic X.X% we and rest solid agencies from across positive marketplace. again in quarter while region disciplines. ongoing
elsewhere in down quarter. Africa, which continue we again For at up was for Middle the just the quarter, our region, East performance was the X%. they Mexico. The region and Offsetting particularly X.X% over smallest from in positive to see were our agencies Brazil,
Turning industry to there minor X, to distribution were some nothing by XXXX by we XXXX, noteworthy. present comparing particularly mix of but for client our our client's revenue see revenue you shifts industry, of the can revenue Slide in our In sector. full-year
cash of year, generated positive changes quarter. flow we $X.XX as can to from the of the of a free on Slide you see as which Turning disposition in XX, billion working that the flow occurred $XXX in third our during businesses, cash effect performance, primarily capital the including million proceeds from well
million $XXX reconfiguration including As XXXX million, quarterly cash paid in Acquisitions resulting compared issuances repurchases, were XXXX the $XXX the XXXX. from count for our prior non-controlling $XX XX, $XXX the payment, on stock million, million efficiency. primary by in was up to common the increase increased activity of same employee increase as proceeds from million the And our Capital in stock real due under uses million, dividend share effective to dividends in to year-over-year, received as $XXX continue our operational that were year. net interest reduction $XXX we plans, shareholders to X% due totaled in Slide activity. million, our paid efforts up roughly the our to of with payments Dividends our shareholders partially increase $XXX estate January repurchase offset to share were acquisition an as up $XX year-on-year. earn-out million expenditures to our
activity free about $XXX our primarily the our million flow during year, by $XXX Excluding of outspent XXXX. million we acquisition by year, this the driven in our dispositions cash proceeds from
Turning to of just $X.X the $XX down at Slide end year, XX, debt under at the our capital regarding the is structure million billion. past our total over year
million of cash $XXX compared XX overspend year approximately and received debt the The offsetting our million the was negative subsidiaries during the free position at which impact of end flow cash the proceeds of from of FX net positive capital and million. of $XXX up to $XXX million. totaled balances approximately the these, was the principally on $XX Partially $X.XX the our to increase was Our due year-end, December cash billion, the million at $XXX change XXXX. sale of of year in operating of
debt our ratios, for remain As solid. they
was was from and last ratio both X.Xx, debt EBITDA with to this consistent our Our EBITDA the ratio ratios to total X.Xx debt net time year.
we While initiatives Slide strong. our interest to the prudently continue can internal the remains well-focused the interest a combination of in priced little build year coverage due see, expense, to development X.Xx, down past XX, On it through over very and and Company ratio increase manage acquisitions. a was you
XX while last equity the For XX.X%. was months, ratio, invested XX.X%, on our our capital return on return
ratios prepared in form on cumulative As past the that the of of share in same years. decade. totaled this And several on Please the XXXX. both concludes The were other $XX.X review. presentation ratio end the XXXX line last our corporate of return cumulative that for the billion we've and of And repurchases, positively the shows and net cash enacted call show impacted the But the supplemental dividends bars over shareholders Thank this at income operator both to year in ask we remarks. lower the through XX top track over tax period open a our payout your going point, materials slides note included resulted you. net for the return of to some questions. during was This we're to billion. which XXX% of $XX.X cumulative cash the Slide XXXX, we cumulative to anticipated, our by from rates at the the U.S. finally XX, of which shareholders chart
