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New York
|
|
13-1514814
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
|
|
|
437 Madison Avenue, New York, NY
|
|
10022
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Title of each class
|
|
Name of each exchange on which registered
|
Common Stock, $.15 Par Value
|
|
New York Stock Exchange
|
Yes
þ
|
No
o
|
Yes
o
|
No
þ
|
Yes
þ
|
No
o
|
Yes
þ
|
No
o
|
Large accelerated filer
þ
|
Accelerated filer
o
|
Non-accelerated filer
o
|
Smaller reporting company
o
|
Yes
o
|
No
þ
|
|
|
Page
|
|
PART I
|
|
Item 4.
|
||
|
|
|
|
PART II
|
|
|
|
|
|
PART III
|
|
Item 10.
|
Directors, Executive Officers and Corporate Governance
|
|
Item 11.
|
Executive Compensation
|
|
Item 12.
|
Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters
|
|
Item 13.
|
Certain Relationships and Related Transactions, and Director Independence
|
|
Item 14.
|
Principal Accounting Fees and Services
|
|
|
|
|
|
PART IV
|
|
|
|
|
|
||
Selected Quarterly Financial Data
|
advertising
|
|
investor relations
|
brand consultancy
|
|
marketing research
|
content marketing
|
|
media planning and buying
|
corporate social responsibility consulting
|
|
mobile marketing
|
crisis communications
|
|
multi-cultural marketing
|
custom publishing
|
|
non-profit marketing
|
data analytics
|
|
organizational communications
|
database management
|
|
package design
|
direct marketing
|
|
product placement
|
entertainment marketing
|
|
promotional marketing
|
environmental design
|
|
public affairs
|
experiential marketing
|
|
public relations
|
field marketing
|
|
reputation consulting
|
financial/corporate business-to-business advertising
|
|
retail marketing
|
graphic arts/digital imaging
|
|
search engine marketing
|
healthcare communications
|
|
social media marketing
|
instore design
|
|
sports and event marketing
|
interactive marketing
|
|
|
Name
|
Position
|
Age
|
Bruce Crawford
|
Chairman of the Board
|
86
|
John D. Wren
|
President and Chief Executive Officer
|
62
|
Philip J. Angelastro
|
Executive Vice President and Chief Financial Officer
|
50
|
Michael J. O’Brien
|
Senior Vice President, General Counsel and Secretary
|
53
|
Dennis E. Hewitt
|
Treasurer
|
70
|
Andrew L. Castellaneta
|
Senior Vice President, Chief Accounting Officer
|
56
|
Peter L. Swieciciki
|
Senior Vice President, Finance and Controller
|
56
|
Jonathan B. Nelson
|
CEO, Omnicom Digital
|
47
|
|
Net Rent
|
||
2015
|
$
|
316.8
|
|
2016
|
229.2
|
|
|
2017
|
186.6
|
|
|
2018
|
151.6
|
|
|
2019
|
133.5
|
|
|
Thereafter
|
529.0
|
|
|
|
$
|
1,546.7
|
|
|
|
High
|
|
Low
|
|
Dividends Paid
Per Share
|
||||||
2014
|
|
|
|
|
|
|
||||||
First Quarter
|
|
$
|
76.87
|
|
|
$
|
70.59
|
|
|
$
|
0.40
|
|
Second Quarter
|
|
72.84
|
|
|
65.43
|
|
|
0.50
|
|
|||
Third Quarter
|
|
74.14
|
|
|
68.32
|
|
|
0.50
|
|
|||
Fourth Quarter
|
|
78.49
|
|
|
64.03
|
|
|
0.50
|
|
|||
|
|
|
|
|
|
|
||||||
2013
|
|
|
|
|
|
|
|
|
|
|||
First Quarter
|
|
$
|
60.05
|
|
|
$
|
50.40
|
|
|
$
|
0.40
|
|
Second Quarter
|
|
64.29
|
|
|
57.73
|
|
|
0.40
|
|
|||
Third Quarter
|
|
70.50
|
|
|
59.70
|
|
|
0.40
|
|
|||
Fourth Quarter
|
|
74.50
|
|
|
61.35
|
|
|
0.40
|
|
Period
|
|
Total Number of
Shares Purchased
|
|
Average Price Paid
Per Share
|
|
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
|
|
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans
or Programs
|
|||
October 2014
|
|
517,207
|
|
|
$
|
68.97
|
|
|
—
|
|
—
|
November 2014
|
|
6,710
|
|
|
68.17
|
|
|
—
|
|
—
|
|
December 2014
|
|
2,105,006
|
|
|
77.05
|
|
|
—
|
|
—
|
|
|
|
2,628,923
|
|
|
$
|
75.44
|
|
|
—
|
|
—
|
|
(In millions, except per share amounts)
|
||||||||||||||||||
For the years ended December 31:
|
2014
|
|
2013
|
|
2012
|
|
2011
|
|
2010
|
||||||||||
Revenue
|
$
|
15,317.8
|
|
|
$
|
14,584.5
|
|
|
$
|
14,219.4
|
|
|
$
|
13,872.5
|
|
|
$
|
12,542.5
|
|
Operating Income
|
1,944.1
|
|
|
1,825.3
|
|
|
1,804.2
|
|
|
1,671.1
|
|
|
1,460.2
|
|
|||||
Net Income - Omnicom Group Inc.
|
1,104.0
|
|
|
991.1
|
|
|
998.3
|
|
|
952.6
|
|
|
827.7
|
|
|||||
Net Income Per Common Share - Omnicom Group Inc.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Basic
|
4.27
|
|
|
3.73
|
|
|
3.64
|
|
|
3.38
|
|
|
2.74
|
|
|||||
Diluted
|
4.24
|
|
|
3.71
|
|
|
3.61
|
|
|
3.33
|
|
|
2.70
|
|
|||||
Dividends Declared Per Common Share
|
1.90
|
|
|
1.60
|
|
|
1.20
|
|
|
1.00
|
|
|
0.80
|
|
|||||
|
(In millions)
|
||||||||||||||||||
At December 31:
|
2014
|
|
2013
|
|
2012
|
|
2011
|
|
2010
|
||||||||||
Cash and cash equivalents and short-term investments
|
$
|
2,390.3
|
|
|
$
|
2,728.7
|
|
|
$
|
2,698.9
|
|
|
$
|
1,805.0
|
|
|
$
|
2,300.0
|
|
Total Assets
|
21,559.7
|
|
|
22,098.7
|
|
|
22,151.9
|
|
|
20,505.4
|
|
|
19,566.1
|
|
|||||
Long-Term Obligations:
|
|
|
|
|
|
|
|
|
|
||||||||||
Long-term notes payable
|
4,562.6
|
|
|
3,780.7
|
|
|
3,789.1
|
|
|
2,523.5
|
|
|
2,465.1
|
|
|||||
Convertible debt
|
—
|
|
|
252.7
|
|
|
659.4
|
|
|
659.4
|
|
|
659.5
|
|
|||||
Long-term liabilities
|
774.3
|
|
|
685.1
|
|
|
739.9
|
|
|
602.0
|
|
|
576.5
|
|
|||||
Total Shareholders’ Equity
|
2,850.0
|
|
|
3,582.4
|
|
|
3,460.8
|
|
|
3,504.3
|
|
|
3,580.5
|
|
|
June 30,
|
||
|
2014
|
|
2013
|
Long-Term Growth Rate
|
4%
|
|
4%
|
WACC
|
9.9% - 10.6%
|
|
10.1% - 10.7%
|
|
2014
|
|
2013
|
||||
Revenue
|
$
|
15,317.8
|
|
|
$
|
14,584.5
|
|
Operating Expenses:
|
|
|
|
||||
Salary and service costs
|
11,350.0
|
|
|
10,724.4
|
|
||
Office and general expenses
|
2,023.7
|
|
|
2,034.8
|
|
||
Total Operating Expenses
|
13,373.7
|
|
|
12,759.2
|
|
||
Add back: Amortization of intangible assets
|
107.1
|
|
|
100.8
|
|
||
|
13,266.6
|
|
|
12,658.4
|
|
||
Earnings before interest, taxes and amortization of intangible assets (“EBITA”)
|
2,051.2
|
|
|
1,926.1
|
|
||
EBITA Margin - %
|
13.4
|
%
|
|
13.2
|
%
|
||
Deduct: Amortization of intangible assets
|
107.1
|
|
|
100.8
|
|
||
Operating Income
|
1,944.1
|
|
|
1,825.3
|
|
||
Operating Margin - %
|
12.7
|
%
|
|
12.5
|
%
|
||
Interest Expense
|
177.2
|
|
|
197.2
|
|
||
Interest Income
|
43.1
|
|
|
32.8
|
|
||
Income Before Income Taxes and Income From Equity Method Investments
|
1,810.0
|
|
|
1,660.9
|
|
||
Income Tax Expense
|
593.1
|
|
|
565.2
|
|
||
Income From Equity Method Investments
|
16.2
|
|
|
15.9
|
|
||
Net Income
|
1,233.1
|
|
|
1,111.6
|
|
||
Net Income Attributed To Noncontrolling Interests
|
129.1
|
|
|
120.5
|
|
||
Net Income - Omnicom Group Inc.
|
$
|
1,104.0
|
|
|
$
|
991.1
|
|
|
Total
|
|
Domestic
|
|
International
|
|||||||||||||||
|
$
|
|
%
|
|
$
|
|
%
|
|
$
|
|
%
|
|||||||||
December 31, 2013
|
$
|
14,584.5
|
|
|
|
|
$
|
7,569.7
|
|
|
|
|
$
|
7,014.8
|
|
|
|
|||
Components of revenue change:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Foreign exchange impact
|
(112.6
|
)
|
|
(0.8
|
)%
|
|
—
|
|
|
—
|
%
|
|
(112.6
|
)
|
|
(1.6
|
)%
|
|||
Acquisitions, net of dispositions
|
19.0
|
|
|
0.1
|
%
|
|
(48.4
|
)
|
|
(0.6
|
)%
|
|
67.4
|
|
|
0.9
|
%
|
|||
Organic growth
|
826.9
|
|
|
5.7
|
%
|
|
631.4
|
|
|
8.3
|
%
|
|
195.5
|
|
|
2.8
|
%
|
|||
December 31, 2014
|
$
|
15,317.8
|
|
|
5.0
|
%
|
|
$
|
8,152.7
|
|
|
7.7
|
%
|
|
$
|
7,165.1
|
|
|
2.1
|
%
|
•
|
The foreign exchange impact is calculated by first converting the current period’s local currency revenue using the average exchange rates from the equivalent prior period to arrive at a constant currency revenue (in this case
$15,430.4 million
for the Total column). The foreign exchange impact equals the difference between the current period revenue in U.S. Dollars and the current period revenue in constant currency (
$15,317.8 million
less
$15,430.4 million
for the Total column).
|
•
|
The acquisition component is calculated by aggregating the applicable prior period revenue of the acquired businesses, less revenue of any business included in the prior period revenue that was disposed of subsequent to the prior period.
|
•
|
Organic growth is calculated by subtracting both the foreign exchange and acquisition components from total revenue growth.
|
•
|
The percentage change is calculated by dividing the individual component amount by the prior period revenue base of that component (
$14,584.5 million
for the Total column).
|
|
$
|
|
% Change
|
|
% Organic Growth
|
||||
Americas:
|
|
|
|
|
|
||||
North America
|
$
|
8,688.7
|
|
|
6.5
|
%
|
|
7.5
|
%
|
Latin America
|
432.6
|
|
|
(1.1
|
)%
|
|
4.0
|
%
|
|
EMEA:
|
|
|
|
|
|
||||
Europe
|
4,337.9
|
|
|
4.1
|
%
|
|
2.4
|
%
|
|
Middle East and Africa
|
256.1
|
|
|
7.2
|
%
|
|
10.1
|
%
|
|
|
|
|
|
|
|
||||
Asia Pacific
|
1,602.5
|
|
|
1.4
|
%
|
|
4.5
|
%
|
|
|
$
|
15,317.8
|
|
|
5.0
|
%
|
|
5.7
|
%
|
|
Year Ended December 31,
|
||||||||||||||||||||||
|
2014
|
|
2013
|
|
2014 vs. 2013
|
||||||||||||||||||
|
$
|
|
% of
Revenue
|
|
$
|
|
% of
Revenue
|
|
$
Change
|
|
%
Change
|
|
% Organic Growth
|
||||||||||
Advertising
|
$
|
7,593.5
|
|
|
49.6
|
%
|
|
$
|
7,026.1
|
|
|
48.2
|
%
|
|
$
|
567.4
|
|
|
8.1
|
%
|
|
9.1
|
%
|
CRM
|
5,254.4
|
|
|
34.3
|
%
|
|
5,166.6
|
|
|
35.4
|
%
|
|
87.8
|
|
|
1.7
|
%
|
|
1.9
|
%
|
|||
Public relations
|
1,393.7
|
|
|
9.1
|
%
|
|
1,327.4
|
|
|
9.1
|
%
|
|
66.3
|
|
|
5.0
|
%
|
|
4.1
|
%
|
|||
Specialty communications
|
1,076.2
|
|
|
7.0
|
%
|
|
1,064.4
|
|
|
7.3
|
%
|
|
11.8
|
|
|
1.1
|
%
|
|
3.1
|
%
|
|||
|
$
|
15,317.8
|
|
|
|
|
$
|
14,584.5
|
|
|
|
|
$
|
733.3
|
|
|
5.0
|
%
|
|
5.7
|
%
|
|
|
2014
|
|
2013
|
||
Food and Beverage
|
|
13
|
%
|
|
14
|
%
|
Consumer Products
|
|
10
|
%
|
|
10
|
%
|
Pharmaceuticals and Health Care
|
|
10
|
%
|
|
10
|
%
|
Financial Services
|
|
7
|
%
|
|
7
|
%
|
Technology
|
|
9
|
%
|
|
9
|
%
|
Auto
|
|
8
|
%
|
|
8
|
%
|
Travel and Entertainment
|
|
6
|
%
|
|
5
|
%
|
Telecommunications
|
|
5
|
%
|
|
7
|
%
|
Retail
|
|
6
|
%
|
|
6
|
%
|
Other
|
|
26
|
%
|
|
24
|
%
|
|
Year Ended December 31,
|
|||||||||||||||||||||||||
|
2014
|
|
2013
|
|
2014 vs. 2013
|
|||||||||||||||||||||
|
$
|
|
% of
Revenue
|
|
% of Total
Operating
Expenses
|
|
$
|
|
% of
Revenue
|
|
% of Total
Operating
Expenses
|
|
$
Change
|
|
%
Change
|
|||||||||||
Revenue
|
$
|
15,317.8
|
|
|
|
|
|
|
$
|
14,584.5
|
|
|
|
|
|
|
$
|
733.3
|
|
|
5.0
|
%
|
||||
Operating Expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Salary and service costs
|
11,350.0
|
|
|
74.1
|
%
|
|
84.9
|
%
|
|
10,724.4
|
|
|
73.5
|
%
|
|
84.1
|
%
|
|
625.6
|
|
|
5.8
|
%
|
|||
Office and general expenses
|
2,023.7
|
|
|
13.2
|
%
|
|
15.1
|
%
|
|
2,034.8
|
|
|
14.0
|
%
|
|
15.9
|
%
|
|
(11.1
|
)
|
|
(0.5
|
)%
|
|||
Operating Expenses
|
13,373.7
|
|
|
87.3
|
%
|
|
|
|
12,759.2
|
|
|
87.5
|
%
|
|
|
|
614.5
|
|
|
4.8
|
%
|
|||||
Operating Income
|
$
|
1,944.1
|
|
|
12.7
|
%
|
|
|
|
$
|
1,825.3
|
|
|
12.5
|
%
|
|
|
|
$
|
118.8
|
|
|
6.5
|
%
|
|
2013
|
|
2012
|
||||
Revenue
|
$
|
14,584.5
|
|
|
$
|
14,219.4
|
|
Operating Expenses:
|
|
|
|
||||
Salary and service costs
|
10,724.4
|
|
|
10,406.8
|
|
||
Office and general expenses
|
2,034.8
|
|
|
2,008.4
|
|
||
Total Operating Expenses
|
12,759.2
|
|
|
12,415.2
|
|
||
Add back: Amortization of intangible assets
|
100.8
|
|
|
101.1
|
|
||
|
12,658.4
|
|
|
12,314.1
|
|
||
Earnings before interest, taxes and amortization of intangible assets (“EBITA”)
|
1,926.1
|
|
|
1,905.3
|
|
||
EBITA Margin - %
|
13.2
|
%
|
|
13.4
|
%
|
||
Deduct: Amortization of intangible assets
|
100.8
|
|
|
101.1
|
|
||
Operating Income
|
1,825.3
|
|
|
1,804.2
|
|
||
Operating Margin - %
|
12.5
|
%
|
|
12.7
|
%
|
||
Interest Expense
|
197.2
|
|
|
179.7
|
|
||
Interest Income
|
32.8
|
|
|
35.1
|
|
||
Income Before Income Taxes and Income (Loss) From Equity Method Investments.
|
1,660.9
|
|
|
1,659.6
|
|
||
Income Tax Expense
|
565.2
|
|
|
527.1
|
|
||
Income (Loss) From Equity Method Investments
|
15.9
|
|
|
(15.0
|
)
|
||
Net Income
|
1,111.6
|
|
|
1,117.5
|
|
||
Net Income Attributed To Noncontrolling Interests
|
120.5
|
|
|
119.2
|
|
||
Net Income - Omnicom Group Inc.
|
$
|
991.1
|
|
|
$
|
998.3
|
|
|
Total
|
|
Domestic
|
|
International
|
|||||||||||||||
|
$
|
|
%
|
|
$
|
|
%
|
|
$
|
|
%
|
|||||||||
December 31, 2012
|
$
|
14,219.4
|
|
|
|
|
$
|
7,363.7
|
|
|
|
|
$
|
6,855.7
|
|
|
|
|||
Components of revenue change:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Foreign exchange impact
|
(84.3
|
)
|
|
(0.6
|
)%
|
|
—
|
|
|
—
|
%
|
|
(84.3
|
)
|
|
(1.2
|
)%
|
|||
Acquisitions, net of dispositions
|
(51.7
|
)
|
|
(0.3
|
)%
|
|
(63.8
|
)
|
|
(0.9
|
)%
|
|
12.1
|
|
|
0.1
|
%
|
|||
Organic growth
|
501.1
|
|
|
3.5
|
%
|
|
269.8
|
|
|
3.7
|
%
|
|
231.3
|
|
|
3.4
|
%
|
|||
December 31, 2013
|
$
|
14,584.5
|
|
|
2.6
|
%
|
|
$
|
7,569.7
|
|
|
2.8
|
%
|
|
$
|
7,014.8
|
|
|
2.3
|
%
|
•
|
The foreign exchange impact is calculated by first converting the current period’s local currency revenue using the average exchange rates from the equivalent prior period to arrive at a constant currency revenue (in this case
$14,668.8 million
for the Total column). The foreign exchange impact equals the difference between the current period revenue in U.S. Dollars and the current period revenue in constant currency (
$14,584.5 million
less
$14,668.8 million
for the Total column).
|
•
|
The acquisition component is calculated by aggregating the applicable prior period revenue of the acquired businesses, less revenue of any business included in the prior period revenue that was disposed of subsequent to the prior period.
|
•
|
Organic growth is calculated by subtracting both the foreign exchange and acquisition components from total revenue growth.
|
•
|
The percentage change is calculated by dividing the individual component amount by the prior period revenue base of that component (
$14,219.4 million
for the Total column).
|
|
$
|
|
% Change
|
|
% Organic Growth
|
||||
Americas:
|
|
|
|
|
|
||||
North America
|
$
|
8,159.7
|
|
|
2.7
|
%
|
|
3.7
|
%
|
Latin America
|
437.4
|
|
|
1.4
|
%
|
|
9.2
|
%
|
|
EMEA:
|
|
|
|
|
|
||||
Europe
|
4,168.5
|
|
|
3.0
|
%
|
|
1.4
|
%
|
|
Middle East and Africa
|
238.9
|
|
|
(0.2
|
)%
|
|
5.3
|
%
|
|
|
|
|
|
|
|
||||
Asia Pacific
|
1,580.0
|
|
|
1.4
|
%
|
|
6.1
|
%
|
|
|
$
|
14,584.5
|
|
|
2.6
|
%
|
|
3.5
|
%
|
|
Year Ended December 31,
|
||||||||||||||||||||||
|
2013
|
|
2012
|
|
2013 vs. 2012
|
||||||||||||||||||
|
$
|
|
% of
Revenue
|
|
$
|
|
% of
Revenue
|
|
$
Change
|
|
%
Change
|
|
% Organic Growth
|
||||||||||
Advertising
|
$
|
7,026.1
|
|
|
48.2
|
%
|
|
$
|
6,769.7
|
|
|
47.6
|
%
|
|
$
|
256.4
|
|
|
3.8
|
%
|
|
4.8
|
%
|
CRM
|
5,166.6
|
|
|
35.4
|
%
|
|
5,116.1
|
|
|
36.0
|
%
|
|
50.5
|
|
|
1.0
|
%
|
|
2.1
|
%
|
|||
Public relations
|
1,327.4
|
|
|
9.1
|
%
|
|
1,290.3
|
|
|
9.1
|
%
|
|
37.1
|
|
|
2.9
|
%
|
|
1.5
|
%
|
|||
Specialty communications
|
1,064.4
|
|
|
7.3
|
%
|
|
1,043.3
|
|
|
7.3
|
%
|
|
21.1
|
|
|
2.0
|
%
|
|
4.6
|
%
|
|||
|
$
|
14,584.5
|
|
|
|
|
$
|
14,219.4
|
|
|
|
|
$
|
365.1
|
|
|
2.6
|
%
|
|
3.5
|
%
|
|
|
2013
|
|
2012
|
||
Food and Beverage
|
|
14
|
%
|
|
14
|
%
|
Consumer Products
|
|
10
|
%
|
|
9
|
%
|
Pharmaceuticals and Health Care
|
|
10
|
%
|
|
10
|
%
|
Financial Services
|
|
7
|
%
|
|
8
|
%
|
Technology
|
|
9
|
%
|
|
9
|
%
|
Auto
|
|
8
|
%
|
|
9
|
%
|
Travel and Entertainment
|
|
5
|
%
|
|
5
|
%
|
Telecommunications
|
|
7
|
%
|
|
6
|
%
|
Retail
|
|
6
|
%
|
|
6
|
%
|
Other
|
|
24
|
%
|
|
24
|
%
|
|
Year Ended December 31,
|
|||||||||||||||||||||||||
|
2013
|
|
2012
|
|
2013 vs. 2012
|
|||||||||||||||||||||
|
$
|
|
% of
Revenue
|
|
% of Total
Operating
Expenses
|
|
$
|
|
% of
Revenue
|
|
% of Total
Operating
Expenses
|
|
$
Change
|
|
%
Change
|
|||||||||||
Revenue
|
$
|
14,584.5
|
|
|
|
|
|
|
$
|
14,219.4
|
|
|
|
|
|
|
$
|
365.1
|
|
|
2.6
|
%
|
||||
Operating Expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Salary and service costs
|
10,724.4
|
|
|
73.5
|
%
|
|
84.1
|
%
|
|
10,406.8
|
|
|
73.2
|
%
|
|
83.8
|
%
|
|
317.6
|
|
|
3.1
|
%
|
|||
Office and general expenses
|
2,034.8
|
|
|
14.0
|
%
|
|
15.9
|
%
|
|
2,008.4
|
|
|
14.1
|
%
|
|
16.2
|
%
|
|
26.4
|
|
|
1.3
|
%
|
|||
Operating Expenses
|
12,759.2
|
|
|
87.5
|
%
|
|
|
|
|
12,415.2
|
|
|
87.3
|
%
|
|
|
|
|
344.0
|
|
|
2.8
|
%
|
|||
Operating Income
|
$
|
1,825.3
|
|
|
12.5
|
%
|
|
|
|
|
$
|
1,804.2
|
|
|
12.7
|
%
|
|
|
|
|
$
|
21.1
|
|
|
1.2
|
%
|
Sources
|
||||||||
Cash flow from operations
|
|
|
|
$
|
1,476.5
|
|
||
Add back decrease in operating capital
|
|
|
|
106.2
|
|
|||
Principal cash sources
|
|
|
|
1,582.7
|
|
|||
Uses
|
||||||||
Capital expenditures
|
|
$
|
(213.0
|
)
|
|
|
||
Dividends paid to common shareholders
|
|
(468.0
|
)
|
|
|
|||
Dividends paid to shareholders of noncontrolling interests
|
|
(111.3
|
)
|
|
|
|||
Acquisition payments of $74.9, net of cash acquired, plus payment of contingent purchase price obligations of $83.2 and acquisition of additional shares of noncontrolling interests of $69.5 less net proceeds from sale of investments of $21.0
|
|
(206.6
|
)
|
|
|
|||
Repurchases of common stock of $1,063.0, net of proceeds from stock plans of $39.3 and tax benefits of $29.6
|
|
(994.1
|
)
|
|
|
|||
Principal cash uses
|
|
|
|
(1,993.0
|
)
|
|||
Principal cash uses in excess of principal cash sources
|
|
|
|
(410.3
|
)
|
|||
Foreign exchange rate changes
|
|
|
|
(273.9
|
)
|
|||
Financing activities and other
|
|
|
|
468.0
|
|
|||
Decrease in operating capital
|
|
|
|
(106.2
|
)
|
|||
Decrease in cash and cash equivalents
|
|
|
|
$
|
(322.4
|
)
|
|
2014
|
|
2013
|
||||
Debt:
|
|
|
|
||||
Short-term borrowings, due in less than one year
|
$
|
7.2
|
|
|
$
|
5.9
|
|
5.9% Senior Notes due 2016
|
1,000.0
|
|
|
1,000.0
|
|
||
6.25% Senior Notes due 2019
|
500.0
|
|
|
500.0
|
|
||
4.45% Senior Notes due 2020
|
1,000.0
|
|
|
1,000.0
|
|
||
3.625% Senior Notes due 2022
|
1,250.0
|
|
|
1,250.0
|
|
||
3.65% Senior Notes due 2024
|
750.0
|
|
|
—
|
|
||
Convertible Notes due 2032
|
—
|
|
|
252.7
|
|
||
Other debt
|
0.5
|
|
|
0.5
|
|
||
Unamortized premium (discount) on Senior Notes, net
|
11.1
|
|
|
14.7
|
|
||
Adjustment to carrying value for interest rate swaps
|
51.4
|
|
|
15.9
|
|
||
Total debt
|
4,570.2
|
|
|
4,039.7
|
|
||
Cash and cash equivalents and short-term investments
|
(2,390.3
|
)
|
|
(2,728.7
|
)
|
||
Net debt
|
$
|
2,179.9
|
|
|
$
|
1,311.0
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Average amount outstanding during the year
|
$
|
909.0
|
|
|
$
|
471.7
|
|
|
$
|
288.5
|
|
Maximum amount outstanding during the year
|
$
|
1,795.8
|
|
|
$
|
1,027.5
|
|
|
$
|
837.2
|
|
Total issuances during the year
|
$
|
18,539.9
|
|
|
$
|
11,786.9
|
|
|
$
|
13,935.1
|
|
Average days outstanding
|
20.3
|
|
|
14.6
|
|
|
7.6
|
|
|||
Weighted average interest rate
|
0.29
|
%
|
|
0.33
|
%
|
|
0.41
|
%
|
|
Debt
|
|
Available Credit
|
||||
Short-term borrowings, due in less than one year
|
$
|
7.2
|
|
|
$
|
—
|
|
Credit Agreement
|
—
|
|
|
2,500.0
|
|
||
5.9% Senior Notes due 2016
|
1,000.0
|
|
|
—
|
|
||
6.25% Senior Notes due 2019
|
500.0
|
|
|
—
|
|
||
4.45% Senior Notes due 2020
|
1,000.0
|
|
|
—
|
|
||
3.625% Senior Notes due 2022
|
1,250.0
|
|
|
—
|
|
||
3.65% Senior Notes due 2024
|
750.0
|
|
|
—
|
|
||
Other debt
|
0.5
|
|
|
—
|
|
||
|
4,507.7
|
|
|
2,500.0
|
|
||
Unamortized premium (discount) on Senior Notes, net
|
11.1
|
|
|
—
|
|
||
Adjustment to carrying value for interest rate swaps
|
51.4
|
|
|
—
|
|
||
|
$
|
4,570.2
|
|
|
$
|
2,500.0
|
|
|
|
|
Obligation Due
|
||||||||||||||||
|
Total
Obligation
|
|
2015
|
|
2016 - 2017
|
|
2018 - 2019
|
|
After 2019
|
||||||||||
Long-term notes payable:
|
|
|
|
|
|
|
|
|
|
||||||||||
Principal
|
$
|
4,500.5
|
|
|
$
|
0.4
|
|
|
$
|
1,000.1
|
|
|
$
|
500.0
|
|
|
$
|
3,000.0
|
|
Interest
|
1,070.0
|
|
|
207.4
|
|
|
314.1
|
|
|
282.6
|
|
|
265.9
|
|
|||||
Lease obligations
|
1,654.1
|
|
|
366.8
|
|
|
462.3
|
|
|
293.9
|
|
|
531.1
|
|
|||||
Deferred tax liability - convertible debt
|
263.1
|
|
|
66.0
|
|
|
132.0
|
|
|
65.1
|
|
|
—
|
|
|||||
Contingent purchase price obligations
|
300.7
|
|
|
105.5
|
|
|
159.2
|
|
|
36.0
|
|
|
—
|
|
|||||
Defined benefit pension plans benefit obligation
|
222.7
|
|
|
7.6
|
|
|
17.2
|
|
|
19.7
|
|
|
178.2
|
|
|||||
Postemployment arrangements benefit obligation
|
122.1
|
|
|
8.7
|
|
|
16.6
|
|
|
13.1
|
|
|
83.7
|
|
|||||
Uncertain tax positions
|
139.8
|
|
|
14.0
|
|
|
39.2
|
|
|
85.9
|
|
|
0.7
|
|
|||||
|
$
|
8,273.0
|
|
|
$
|
776.4
|
|
|
$
|
2,140.7
|
|
|
$
|
1,296.3
|
|
|
$
|
4,059.6
|
|
|
|
|
Commitment Expires
|
||||||||||||||||
|
Total
Commitment |
|
2015
|
|
2016 - 2017
|
|
2018 - 2019
|
|
After 2019
|
||||||||||
Standby letters of credit
|
$
|
8.7
|
|
|
$
|
3.3
|
|
|
$
|
2.9
|
|
|
$
|
—
|
|
|
$
|
2.5
|
|
Guarantees
|
97.8
|
|
|
82.1
|
|
|
12.4
|
|
|
1.4
|
|
|
1.9
|
|
|||||
|
$
|
106.5
|
|
|
$
|
85.4
|
|
|
$
|
15.3
|
|
|
$
|
1.4
|
|
|
$
|
4.4
|
|
(a)(1)
|
Financial Statements:
|
Page
|
|
|
|
|
||
|
||
|
||
|
Consolidated Balance Sheets at December 31, 2014 and 2013
|
|
|
Consolidated Statements of Income for the Three Years Ended December 31, 2014
|
|
|
Consolidated Statements of Comprehensive Income for the Three Years Ended December 31, 2014
|
|
|
Consolidated Statements of Equity for the Three Years Ended December 31, 2014
|
|
|
Consolidated Statements of Cash Flows for the Three Years Ended December 31, 2014
|
|
|
||
|
Selected Quarterly Financial Data (Unaudited)
|
|
|
|
|
(a)(2)
|
Financial Statement Schedules:
|
|
|
Schedule II - Valuation and Qualifying Accounts for the Three Years Ended December 31, 2014
|
|
|
All other schedules are omitted because they are not applicable.
|
|
(a)(3)
|
Exhibits:
|
Exhibit
Number
|
Description
|
3(i)
|
Restated Certificate of Incorporation of Omnicom Group Inc. (Exhibit 3.1 to our Quarterly Report on Form 10-Q (File No. 1-10551) for the quarter ended September 30, 2011 and incorporated herein by reference).
|
|
|
3(ii)
|
By-laws of Omnicom Group Inc., as amended and restated on May 22, 2012 (Exhibit 3.2 to our Current Report on Form 8-K (File No. 1-10551) dated May 24, 2012 and incorporated herein by reference).
|
|
|
4.1
|
Form of Senior Debt Securities Indenture (Exhibit 4.1 to our Registration Statement on Form S-3 (Registration No. 333-132625) dated March 22, 2006 and incorporated herein by reference).
|
|
|
4.2
|
First Supplemental Indenture to the Form of the Senior Debt Securities Indenture, dated as of March 29, 2006, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc. and JPMorgan Chase Bank, N.A., as trustee, in connection with our issuance of $1 billion 5.9% Notes due 2016 (Exhibit 4.2 to our Current Report on Form 8-K (File No. 1-10551) dated March 29, 2006 (“March 29, 2006 8-K”) and incorporated herein by reference).
|
|
|
4.3
|
Second Supplemental Indenture to the Form of the Senior Debt Securities Indenture, dated as of July 20, 2012, among Omnicom Group Inc., Omnicom Capital Inc. and Deutsche Bank Trust Company Americas, as trustee, (Exhibit 4.3 to the July 20, 2012 8-K and incorporated herein by reference).
|
|
|
4.4
|
Form of 5.9% Notes due 2016 (Exhibit 4.3 to the March 29, 2006 8-K and incorporated herein by reference).
|
|
|
4.5
|
Indenture, dated as of July 1, 2009, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc. and Deutsche Bank Trust Company Americas, as trustee (“2009 Base Indenture”) (Exhibit 4.1 to our Current Report on Form 8-K (File No. 1-10551) dated July 1, 2009 (“July 1, 2009 8-K”) and incorporated herein by reference).
|
|
|
4.6
|
First Supplemental Indenture to the 2009 Base Indenture, dated as of July 1, 2009, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc. and Deutsche Bank Trust Company Americas, as trustee, in connection with our issuance of $500 million 6.25% Senior Notes due 2019 (Exhibit 4.2 to the July 1, 2009 8-K and incorporated herein by reference).
|
|
|
4.7
|
Second Supplemental Indenture to the 2009 Base Indenture, dated as of August 5, 2010, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc. and Deutsche Bank Trust Company Americas, as trustee, in connection with our issuance of $1 billion 4.45% Senior Notes due 2020 (Exhibit 4.1 to our Current Report on Form 8-K (File No. 1-10551) dated August 5, 2010 (“August 5, 2010 8-K”) and incorporated herein by reference).
|
|
|
4.8
|
Third Supplemental Indenture to the 2009 Base Indenture, dated as of April 23, 2012, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc. and Deutsche Bank Trust Company Americas, as trustee, in connection with our issuance of $750 million 3.625% Senior Notes due 2022 (Exhibit 4.1 to our Current Report on Form 8-K (File No. 1-10551) dated April 23, 2012 and incorporated herein by reference).
|
|
|
4.9
|
Fourth Supplemental Indenture to the 2009 Base Indenture, dated as of July 20, 2012, among Omnicom Group Inc., Omnicom Capital Inc. and Deutsche Bank Trust Company Americas, as trustee, (Exhibit 4.4 to July 20, 2012 8-K and incorporated herein by reference).
|
|
|
4.10
|
Fifth Supplemental Indenture to the 2009 Base Indenture, dated as of August 9, 2012, among Omnicom Group Inc., Omnicom Capital Inc. and Deutsche Bank Trust Company Americas, as trustee, in connection with our issuance of $500 million 3.625% Senior Notes due 2022 (Exhibit 4.1 to our Current Report on Form 8-K (File No. 1-10551) dated August 9, 2012 (“August 9, 2012 8-K”) and incorporated herein by reference).
|
|
|
4.11
|
Form of 6.25% Notes due 2019 (Exhibit 4.3 to the July 1, 2009 8-K and incorporated herein by reference).
|
|
|
4.12
|
Form of 4.45% Notes due 2020 (Exhibit 4.2 to the August 5, 2010 8-K and incorporated herein by reference).
|
|
|
4.13
|
Form of 3.625% Notes due 2022 (Exhibit 4.2 to the August 9, 2012 8-K and incorporated herein by reference).
|
|
|
4.14
|
Base Indenture, dated as of October 29, 2014, among Omnicom Group Inc., Omnicom Capital Inc. and Deutsche Bank Trust Company Americas, as trustee, (Exhibit 4.1 to our Current report on Form 8-K (File No. 1-10551) dated October 29, 2014 (“October 29, 2014 8-K”) and incorporated herein by reference).
|
|
|
4.15
|
First Supplemental Indenture, dated as of October 29, 2014, among Omnicom Group Inc., Omnicom Capital Inc. and Deutsche Bank Trust Company Americas, as trustee, in connection with our issuance of $750 million 3.65% Senior Notes due 2024 (Exhibit 4.2 to October 29, 2014 8-K and incorporated herein by reference).
|
|
|
4.16
|
Form of 3.65% Notes due 2024 (Exhibit 4.3 to October 29, 2014 8-K and incorporated herein by reference).
|
10.1
|
Amended and Restated Five Year Credit Agreement, dated as of July 31, 2014, by and among Omnicom Capital Inc., Omnicom Finance plc, Omnicom Group Inc., the banks, financial institutions and other institutional lenders and initial issuing banks listed on the signature pages thereof, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC as lead arrangers and book managers, JPMorgan Chase Bank, N.A., HSBC Securities (USA) Inc. and Wells Fargo Bank, National Association, as syndication agents, BNP Paribas and U.S. Bank National Association, as documentation agents, and Citibank, N.A., as administrative agent for the lenders (Exhibit 10.1 to our Current Report on Form 8-K (File No. 1-10551) filed on August 1, 2014 and incorporated herein by reference).
|
|
|
10.2
|
Instrument of Resignation, Appointment and Acceptance, dated October 5, 2006, among Omnicom Group Inc., Omnicom Capital Inc., Omnicom Finance Inc., JPMorgan Chase Bank, N.A. and Deutsche Bank Trust Company Americas (Exhibit 10.1 to our Current Report on Form 8-K (File No. 1-10551) dated October 11, 2006 and incorporated herein by reference).
|
|
|
10.3
|
Amended and Restated 1998 Incentive Compensation Plan (Exhibit B to our Proxy Statement (File No. 1-10551) filed on April 10, 2000 and incorporated herein by reference).
|
|
|
10.4
|
Director Equity Plan for Non-employee Directors (Appendix B to our Proxy Statement (File No. 1-10551) filed on April 23, 2004 and incorporated herein by reference).
|
|
|
10.5
|
Standard form of our Executive Salary Continuation Plan Agreement (Exhibit 10.5 to our Annual Report on Form 10-K (File No. 1-10551) for the year ended December 31, 2012 (“2012 10-K”) and incorporated herein by reference).
|
|
|
10.6
|
Standard form of the Director Indemnification Agreement (Exhibit 10.25 to our Annual Report on Form 10-K (File No. 1-10551) for the year ended December 31, 1989 and incorporated herein by reference).
|
|
|
10.7
|
Equity Incentive Plan (Exhibit 4.3 to our Registration Statement on Form S-8 (Registration No. 333-108063) dated August 18, 2003 and incorporated herein by reference).
|
|
|
10.8
|
Senior Management Incentive Plan as amended and restated on December 4, 2008 (Exhibit 10.9 to our Annual Report on Form 10-K (File No. 1-10551) for the year ended December 31, 2008 (“2008 10-K”) and incorporated herein by reference).
|
|
|
10.9
|
Omnicom Group Inc. SERCR Plan (Exhibit 10.10 to our Annual Report on Form 10-K (File No. 1-10551) for the year ended December 31, 2011 and incorporated herein by reference).
|
|
|
10.10
|
Form of Award Agreement under the Omnicom Group Inc. SERCR Plan (Exhibit 10.2 to our Current Report on Form 8-K (File No. 1-10551) dated December 13, 2006 and incorporated herein by reference).
|
|
|
10.11
|
Omnicom Group Inc. Amended and Restated 2007 Incentive Award Plan (Appendix A to our Proxy Statement (File No. 1-10551) filed on April 15, 2010 and incorporated herein by reference).
|
|
|
10.12
|
Form of Indemnification Agreement (Exhibit 10.1 to our Quarterly Report on Form 10-Q (File No. 1-10551) for the quarter ended June 30, 2007 and incorporated herein by reference).
|
|
|
10.13
|
Director Compensation and Deferred Stock Program (Exhibit 10.13 to the 2012 10-K and incorporated herein by reference).
|
|
|
10.14
|
Restricted Stock Unit Deferred Compensation Plan (Exhibit 10.16 to the 2008 10-K and incorporated herein by reference).
|
|
|
10.15
|
Restricted Stock Deferred Compensation Plan (Exhibit 10.17 to the 2008 10-K and incorporated herein by reference).
|
|
|
10.16
|
Amendment No. 1 to the Restricted Stock Deferred Compensation Plan (Exhibit 10.18 to the 2008 10-K and incorporated herein by reference).
|
|
|
10.17
|
Amendment No. 2 to the Restricted Stock Deferred Compensation Plan (Exhibit 10.19 to the 2008 10-K and incorporated herein by reference).
|
|
|
10.18
|
Form of Grant Notice and Option Agreement (Exhibit 10.20 to our Annual Report on Form 10-K (File No. 1-10551) for the year ended December 31, 2010 (“2010 10-K”) and incorporated herein by reference).
|
|
|
|
|
10.19
|
Form of Grant Notice and Restricted Stock Agreement (Exhibit 10.21 to 2010 10-K and incorporated herein by reference).
|
|
|
10.20
|
Form of Grant Notice and Restricted Stock Unit Agreement (Exhibit 10.22 to 2010 10-K and incorporated herein by reference).
|
|
|
10.21
|
Form of Grant Notice and Performance Restricted Stock Unit Agreement (Exhibit 10.1 to our Quarterly Report on Form 10-Q (File No. 1-10551) for the quarter ended June 30, 2011 and incorporated herein by reference).
|
|
|
10.22
|
Omnicom Group Inc. 2013 Incentive Award Plan (Appendix A to our Proxy Statement (File No. 1-10551) filed on April 11, 2013 and incorporated herein by reference).
|
|
|
10.23
|
Separation Agreement and General Release between Omnicom Management Inc. and Randall J. Weisenburger.
|
|
|
12
|
Computation of Ratio of Earnings to Fixed Charges.
|
|
|
21
|
Subsidiaries of the Registrant.
|
|
|
23
|
Consent of KPMG LLP.
|
|
|
31.1
|
Certification of Chief Executive Officer and President required by Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended.
|
|
|
31.2
|
Certification of Executive Vice President and Chief Financial Officer required by Rule 13a-14(a) under the Securities Exchange Act of 1934, as amended.
|
|
|
32
|
Certification of the Chief Executive Officer and President and the Executive Vice President and Chief Financial Officer required by Rule 13a-14(b) under the Securities Exchange Act of 1934, as amended, and 18 U.S.C. §1350.
|
|
|
101
|
Interactive Data File.
|
|
|
O
MNICOM
G
ROUP
I
NC.
|
February 10, 2015
|
BY:
|
/s/ P
HILIP
J. A
NGELASTRO
|
|
|
Philip J. Angelastro
Executive Vice President and Chief Financial Officer
|
Signature
|
Title
|
Date
|
|
|
|
/s/ B
RUCE
C
RAWFORD
|
Chairman and Director
|
February 10, 2015
|
Bruce Crawford
|
|
|
|
|
|
/s/ J
OHN
D. W
REN
|
Chief Executive Officer and President and Director (Principal Executive Officer)
|
February 10, 2015
|
John D. Wren
|
|
|
|
|
|
/s/ P
HILIP
J. A
NGELASTRO
|
Executive Vice President and Chief Financial Officer (Principal Financial Officer)
|
February 10, 2015
|
Philip J. Angelastro
|
|
|
|
|
|
/s/ A
NDREW
L
.
C
ASTELLANETA
|
Senior Vice President, Chief Accounting Officer (Principal Accounting Officer)
|
February 10, 2015
|
Andrew L. Castellaneta
|
|
|
|
|
|
/s/ A
LAN
R. B
ATKIN
|
Director
|
February 10, 2015
|
Alan R. Batkin
|
|
|
|
|
|
/
s
/ M
ARY
C. C
HOKSI
|
Director
|
February 10, 2015
|
Mary C. Choksi
|
|
|
|
|
|
/s/ R
OBERT
C
HARLES
C
LARK
|
Director
|
February 10, 2015
|
Robert Charles Clark
|
|
|
|
|
|
/s/ L
EONARD
S. C
OLEMAN, JR.
|
Director
|
February 10, 2015
|
Leonard S. Coleman, Jr.
|
|
|
|
|
|
/s/ E
RROL
M. C
OOK
|
Director
|
February 10, 2015
|
Errol M. Cook
|
|
|
|
|
|
/s/ S
USAN
S. D
ENISON
|
Director
|
February 10, 2015
|
Susan S. Denison
|
|
|
|
|
|
/s/ M
ICHAEL
A. H
ENNING
|
Director
|
February 10, 2015
|
Michael A. Henning
|
|
|
|
|
|
/s/ J
OHN
R. M
URPHY
|
Director
|
February 10, 2015
|
John R. Murphy
|
|
|
|
|
|
/s/ J
OHN
R. P
URCELL
|
Director
|
February 10, 2015
|
John R. Purcell
|
|
|
|
|
|
/s/ L
INDA
J
OHNSON
R
ICE
|
Director
|
February 10, 2015
|
Linda Johnson Rice
|
|
|
|
|
|
/s/ G
ARY
L. R
OUBOS
|
Director
|
February 10, 2015
|
Gary L. Roubos
|
|
|
|
December 31,
|
||||||
|
2014
|
|
2013
|
||||
ASSETS
|
|
|
|
||||
Current Assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
2,388.1
|
|
|
$
|
2,710.5
|
|
Short-term investments, at cost
|
2.2
|
|
|
18.2
|
|
||
Accounts receivable, net of allowance for doubtful accounts of $24.9 and $32.6
|
6,524.7
|
|
|
6,632.6
|
|
||
Work in process
|
1,166.6
|
|
|
1,288.0
|
|
||
Other current assets
|
1,108.9
|
|
|
1,003.0
|
|
||
Total Current Assets
|
11,190.5
|
|
|
11,652.3
|
|
||
Property and Equipment at cost, less accumulated depreciation of $1,221.2 and $1,230.1
|
708.0
|
|
|
737.4
|
|
||
Equity Method Investments
|
148.2
|
|
|
131.8
|
|
||
Goodwill
|
8,822.2
|
|
|
8,916.0
|
|
||
Intangible Assets, net of accumulated amortization of $611.4 and $552.3
|
389.4
|
|
|
386.0
|
|
||
Other Assets
|
301.4
|
|
|
275.2
|
|
||
TOTAL ASSETS
|
$
|
21,559.7
|
|
|
$
|
22,098.7
|
|
LIABILITIES AND EQUITY
|
|
|
|
||||
Current Liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
8,165.0
|
|
|
$
|
8,358.9
|
|
Customer advances
|
1,180.9
|
|
|
1,242.2
|
|
||
Current portion of debt
|
0.4
|
|
|
0.4
|
|
||
Short-term borrowings
|
7.2
|
|
|
5.9
|
|
||
Taxes payable
|
301.1
|
|
|
293.3
|
|
||
Other current liabilities
|
2,406.5
|
|
|
2,377.0
|
|
||
Total Current Liabilities
|
12,061.1
|
|
|
12,277.7
|
|
||
Long-Term Notes Payable
|
4,562.6
|
|
|
3,780.7
|
|
||
Convertible Debt
|
—
|
|
|
252.7
|
|
||
Long-Term Liabilities
|
774.3
|
|
|
685.1
|
|
||
Long-Term Deferred Tax Liabilities
|
654.7
|
|
|
832.6
|
|
||
Commitments and Contingent Liabilities (See Note 17)
|
|
|
|
|
|||
Temporary Equity - Redeemable Noncontrolling Interests
|
185.7
|
|
|
202.0
|
|
||
Equity:
|
|
|
|
||||
Shareholders’ Equity:
|
|
|
|
||||
Preferred stock, $1.00 par value, 7.5 million shares authorized, none issued
|
—
|
|
|
—
|
|
||
Common stock, $0.15 par value, 1.0 billion shares authorized, 397.2 million shares issued, 246.7 million and 257.6 million shares outstanding
|
59.6
|
|
|
59.6
|
|
||
Additional paid-in capital
|
818.6
|
|
|
817.1
|
|
||
Retained earnings
|
9,576.9
|
|
|
8,961.2
|
|
||
Accumulated other comprehensive income (loss)
|
(618.2
|
)
|
|
(191.6
|
)
|
||
Treasury stock, at cost, 150.5 million and 139.6 million shares
|
(6,986.9
|
)
|
|
(6,063.9
|
)
|
||
Total Shareholders’ Equity
|
2,850.0
|
|
|
3,582.4
|
|
||
Noncontrolling interests
|
471.3
|
|
|
485.5
|
|
||
Total Equity
|
3,321.3
|
|
|
4,067.9
|
|
||
TOTAL LIABILITIES AND EQUITY
|
$
|
21,559.7
|
|
|
$
|
22,098.7
|
|
|
Years Ended December 31,
|
||||||||||
|
2014
|
|
2013
|
|
2012
|
||||||
Revenue
|
$
|
15,317.8
|
|
|
$
|
14,584.5
|
|
|
$
|
14,219.4
|
|
Operating Expenses
|
13,373.7
|
|
|
12,759.2
|
|
|
12,415.2
|
|
|||
|
|
|
|
|
|
||||||
Operating Income
|
1,944.1
|
|
|
1,825.3
|
|
|
1,804.2
|
|
|||
|
|
|
|
|
|
||||||
Interest Expense
|
177.2
|
|
|
197.2
|
|
|
179.7
|
|
|||
Interest Income
|
43.1
|
|
|
32.8
|
|
|
35.1
|
|
|||
|
|
|
|
|
|
||||||
Income Before Income Taxes and Income (Loss) From
Equity Method Investments
|
1,810.0
|
|
|
1,660.9
|
|
|
1,659.6
|
|
|||
Income Tax Expense
|
593.1
|
|
|
565.2
|
|
|
527.1
|
|
|||
Income (Loss) From Equity Method Investments
|
16.2
|
|
|
15.9
|
|
|
(15.0
|
)
|
|||
Net Income
|
1,233.1
|
|
|
1,111.6
|
|
|
1,117.5
|
|
|||
Net Income Attributed To Noncontrolling Interests
|
129.1
|
|
|
120.5
|
|
|
119.2
|
|
|||
Net Income - Omnicom Group Inc.
|
$
|
1,104.0
|
|
|
$
|
991.1
|
|
|
$
|
998.3
|
|
|
|
|
|
|
|
||||||
Net Income Per Share - Omnicom Group Inc.:
|
|
|
|
|
|
||||||
Basic
|
$
|
4.27
|
|
|
$
|
3.73
|
|
|
$
|
3.64
|
|
Diluted
|
$
|
4.24
|
|
|
$
|
3.71
|
|
|
$
|
3.61
|
|
|
|
|
|
|
|
||||||
Dividends Declared Per Common Share
|
$
|
1.90
|
|
|
$
|
1.60
|
|
|
$
|
1.20
|
|
|
|
Years Ended December 31,
|
||||||||||
|
|
2014
|
|
2013
|
|
2012
|
||||||
Net Income
|
|
$
|
1,233.1
|
|
|
$
|
1,111.6
|
|
|
$
|
1,117.5
|
|
Unrealized gain (loss) on available-for-sale securities, net of income taxes of $0.2 and $0.2 and $0.2 for 2014, 2013 and 2012, respectively
|
|
0.4
|
|
|
0.4
|
|
|
0.3
|
|
|||
Foreign currency translation adjustment, net of income taxes of ($227.9) and ($62.3) and $41.3 for 2014, 2013 and 2012, respectively
|
|
(442.4
|
)
|
|
(120.6
|
)
|
|
80.3
|
|
|||
Defined benefit pension and postemployment plans adjustment, net of income taxes of ($15.5) and $14.1 and ($14.5) for 2014, 2013 and 2012, respectively
|
|
(23.3
|
)
|
|
21.0
|
|
|
(21.7
|
)
|
|||
Other Comprehensive Income (Loss)
|
|
(465.3
|
)
|
|
(99.2
|
)
|
|
58.9
|
|
|||
Comprehensive Income
|
|
767.8
|
|
|
1,012.4
|
|
|
1,176.4
|
|
|||
Comprehensive Income Attributed To Noncontrolling Interests
|
|
(90.4
|
)
|
|
(83.4
|
)
|
|
(115.9
|
)
|
|||
Comprehensive Income - Omnicom Group Inc.
|
|
$
|
677.4
|
|
|
$
|
929.0
|
|
|
$
|
1,060.5
|
|
|
Omnicom Group Inc.
|
|
|
|
|
|||||||||||||||||||||||||||||
|
Common Stock
|
|
Additional
Paid-in
Capital
|
|
Retained
Earnings
|
|
Accumulated
Other
Comprehensive
Income (Loss)
|
|
Treasury
Stock
|
|
Total
Shareholders’
Equity
|
|
Noncontrolling
Interests
|
|
Total
Equity
|
|||||||||||||||||||
|
Shares
|
|
Par Value
|
|
|
|
|
|
||||||||||||||||||||||||||
Balance as of December 31, 2011
|
397.2
|
|
|
$
|
59.6
|
|
|
$
|
1,043.5
|
|
|
$
|
7,724.1
|
|
|
$
|
(191.7
|
)
|
|
$
|
(5,131.2
|
)
|
|
$
|
3,504.3
|
|
|
$
|
475.5
|
|
|
$
|
3,979.8
|
|
Net Income
|
|
|
|
|
|
|
998.3
|
|
|
|
|
|
|
998.3
|
|
|
119.2
|
|
|
1,117.5
|
|
|||||||||||||
Other comprehensive income (loss)
|
|
|
|
|
|
|
|
|
62.2
|
|
|
|
|
62.2
|
|
|
(3.3
|
)
|
|
58.9
|
|
|||||||||||||
Dividends to noncontrolling interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(98.4
|
)
|
|
(98.4
|
)
|
|||||||||||||||
Acquisition of noncontrolling interests
|
|
|
|
|
(28.1
|
)
|
|
|
|
|
|
|
|
(28.1
|
)
|
|
(21.2
|
)
|
|
(49.3
|
)
|
|||||||||||||
Increase in noncontrolling interests from business combinations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23.7
|
|
|
23.7
|
|
|||||||||||||||
Change in temporary equity
|
|
|
|
|
4.7
|
|
|
|
|
|
|
|
|
|
4.7
|
|
|
|
|
|
4.7
|
|
||||||||||||
Common stock dividends declared ($1.20 per share)
|
|
|
|
|
|
|
(328.0
|
)
|
|
|
|
|
|
(328.0
|
)
|
|
|
|
(328.0
|
)
|
||||||||||||||
Share-based compensation
|
|
|
|
|
80.8
|
|
|
|
|
|
|
|
|
80.8
|
|
|
|
|
80.8
|
|
||||||||||||||
Stock issued, share-based compensation
|
|
|
|
|
(264.3
|
)
|
|
|
|
|
|
567.4
|
|
|
303.1
|
|
|
|
|
303.1
|
|
|||||||||||||
Repurchases of common stock
|
|
|
|
|
|
|
|
|
|
|
(1,136.5
|
)
|
|
(1,136.5
|
)
|
|
|
|
(1,136.5
|
)
|
||||||||||||||
Balance as of December 31, 2012
|
397.2
|
|
|
59.6
|
|
|
836.6
|
|
|
8,394.4
|
|
|
(129.5
|
)
|
|
(5,700.3
|
)
|
|
3,460.8
|
|
|
495.5
|
|
|
3,956.3
|
|
||||||||
Net Income
|
|
|
|
|
|
|
991.1
|
|
|
|
|
|
|
991.1
|
|
|
120.5
|
|
|
1,111.6
|
|
|||||||||||||
Other comprehensive income (loss)
|
|
|
|
|
|
|
|
|
(62.1
|
)
|
|
|
|
(62.1
|
)
|
|
(37.1
|
)
|
|
(99.2
|
)
|
|||||||||||||
Dividends to noncontrolling interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(100.6
|
)
|
|
(100.6
|
)
|
|||||||||||||||
Acquisition of noncontrolling interests
|
|
|
|
|
(16.8
|
)
|
|
|
|
|
|
|
|
(16.8
|
)
|
|
(8.2
|
)
|
|
(25.0
|
)
|
|||||||||||||
Increase in noncontrolling interests from business combinations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.4
|
|
|
15.4
|
|
|||||||||||||||
Change in temporary equity
|
|
|
|
|
(3.6
|
)
|
|
|
|
|
|
|
|
(3.6
|
)
|
|
|
|
(3.6
|
)
|
||||||||||||||
Shares issued for conversion of convertible notes
|
|
|
|
|
(34.3
|
)
|
|
|
|
|
|
68.8
|
|
|
34.5
|
|
|
|
|
34.5
|
|
|||||||||||||
Common stock dividends declared ($1.60 per share)
|
|
|
|
|
|
|
(424.3
|
)
|
|
|
|
|
|
(424.3
|
)
|
|
|
|
(424.3
|
)
|
||||||||||||||
Share-based compensation
|
|
|
|
|
86.3
|
|
|
|
|
|
|
|
|
86.3
|
|
|
|
|
86.3
|
|
||||||||||||||
Stock issued, share-based compensation
|
|
|
|
|
(51.1
|
)
|
|
|
|
|
|
142.9
|
|
|
91.8
|
|
|
|
|
91.8
|
|
|||||||||||||
Repurchases of common stock
|
|
|
|
|
|
|
|
|
|
|
(575.3
|
)
|
|
(575.3
|
)
|
|
|
|
(575.3
|
)
|
||||||||||||||
Balance as of December 31, 2013
|
397.2
|
|
|
59.6
|
|
|
817.1
|
|
|
8,961.2
|
|
|
(191.6
|
)
|
|
(6,063.9
|
)
|
|
3,582.4
|
|
|
485.5
|
|
|
4,067.9
|
|
||||||||
Net Income
|
|
|
|
|
|
|
1,104.0
|
|
|
|
|
|
|
1,104.0
|
|
|
129.1
|
|
|
1,233.1
|
|
|||||||||||||
Other comprehensive income (loss)
|
|
|
|
|
|
|
|
|
(426.6
|
)
|
|
|
|
(426.6
|
)
|
|
(38.7
|
)
|
|
(465.3
|
)
|
|||||||||||||
Dividends to noncontrolling interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(111.3
|
)
|
|
(111.3
|
)
|
|||||||||||||||
Acquisition of noncontrolling interests
|
|
|
|
|
(64.5
|
)
|
|
|
|
|
|
|
|
(64.5
|
)
|
|
(27.8
|
)
|
|
(92.3
|
)
|
|||||||||||||
Increase in noncontrolling interests from business combinations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34.5
|
|
|
34.5
|
|
|||||||||||||||
Change in temporary equity
|
|
|
|
|
7.9
|
|
|
|
|
|
|
|
|
7.9
|
|
|
|
|
7.9
|
|
||||||||||||||
Shares issued for conversion of convertible notes
|
|
|
|
|
(25.5
|
)
|
|
|
|
|
|
57.7
|
|
|
32.2
|
|
|
|
|
32.2
|
|
|||||||||||||
Common stock dividends declared ($1.90 per share)
|
|
|
|
|
|
|
(488.3
|
)
|
|
|
|
|
|
(488.3
|
)
|
|
|
|
|
(488.3
|
)
|
|||||||||||||
Share-based compensation
|
|
|
|
|
93.5
|
|
|
|
|
|
|
|
|
93.5
|
|
|
|
|
|
93.5
|
|
|||||||||||||
Stock issued, share-based compensation
|
|
|
|
|
(9.9
|
)
|
|
|
|
|
|
82.3
|
|
|
72.4
|
|
|
|
|
|
72.4
|
|
||||||||||||
Repurchases of common stock
|
|
|
|
|
|
|
|
|
|
|
(1,063.0
|
)
|
|
(1,063.0
|
)
|
|
|
|
|
(1,063.0
|
)
|
|||||||||||||
Balance as of December 31, 2014
|
397.2
|
|
|
$
|
59.6
|
|
|
$
|
818.6
|
|
|
$
|
9,576.9
|
|
|
$
|
(618.2
|
)
|
|
$
|
(6,986.9
|
)
|
|
$
|
2,850.0
|
|
|
$
|
471.3
|
|
|
$
|
3,321.3
|
|
|
Years Ended December 31,
|
||||||||||
|
2014
|
|
2013
|
|
2012
|
||||||
|
|
|
|
|
|
||||||
Cash Flows from Operating Activities:
|
|
|
|
|
|
||||||
Net income
|
$
|
1,233.1
|
|
|
$
|
1,111.6
|
|
|
$
|
1,117.5
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
||||||
Depreciation
|
187.3
|
|
|
184.0
|
|
|
181.6
|
|
|||
Amortization of intangible assets
|
107.1
|
|
|
100.8
|
|
|
101.1
|
|
|||
Impairment charge on equity method investment, net
|
—
|
|
|
10.7
|
|
|
29.2
|
|
|||
Share-based compensation
|
93.5
|
|
|
86.3
|
|
|
80.8
|
|
|||
Excess tax benefit from share-based compensation
|
(29.6
|
)
|
|
(37.8
|
)
|
|
(85.3
|
)
|
|||
Other, net
|
(8.7
|
)
|
|
2.1
|
|
|
1.2
|
|
|||
Change in operating capital
|
(106.2
|
)
|
|
351.3
|
|
|
25.2
|
|
|||
Net Cash Provided By Operating Activities
|
1,476.5
|
|
|
1,809.0
|
|
|
1,451.3
|
|
|||
Cash Flows from Investing Activities:
|
|
|
|
|
|
||||||
Capital expenditures
|
(213.0
|
)
|
|
(212.0
|
)
|
|
(226.3
|
)
|
|||
Acquisition of businesses and interests in affiliates, net of cash acquired
|
(74.9
|
)
|
|
(32.8
|
)
|
|
(132.7
|
)
|
|||
Proceeds from investments, net
|
21.0
|
|
|
16.6
|
|
|
8.6
|
|
|||
Net Cash Used In Investing Activities
|
(266.9
|
)
|
|
(228.2
|
)
|
|
(350.4
|
)
|
|||
Cash Flows from Financing Activities:
|
|
|
|
|
|
||||||
Repayment of short-term debt
|
2.1
|
|
|
(0.4
|
)
|
|
(3.3
|
)
|
|||
Proceeds from borrowings
|
747.6
|
|
|
—
|
|
|
1,273.2
|
|
|||
Redemption of convertible debt
|
(252.7
|
)
|
|
(406.7
|
)
|
|
—
|
|
|||
Dividends paid to common shareholders
|
(468.0
|
)
|
|
(318.4
|
)
|
|
(397.8
|
)
|
|||
Repurchases of common stock
|
(1,063.0
|
)
|
|
(575.3
|
)
|
|
(1,136.5
|
)
|
|||
Proceeds from stock plans
|
39.3
|
|
|
52.3
|
|
|
219.2
|
|
|||
Acquisition of additional noncontrolling interests
|
(69.5
|
)
|
|
(8.9
|
)
|
|
(32.0
|
)
|
|||
Dividends paid to noncontrolling interest shareholders
|
(111.3
|
)
|
|
(100.6
|
)
|
|
(98.4
|
)
|
|||
Payment of contingent purchase price obligations
|
(83.2
|
)
|
|
(70.5
|
)
|
|
(32.2
|
)
|
|||
Excess tax benefit from share-based compensation
|
29.6
|
|
|
37.8
|
|
|
85.3
|
|
|||
Other, net
|
(29.0
|
)
|
|
(29.1
|
)
|
|
(97.6
|
)
|
|||
Net Cash Used In Financing Activities
|
(1,258.1
|
)
|
|
(1,419.8
|
)
|
|
(220.1
|
)
|
|||
|
|
|
|
|
|
||||||
Effect of foreign exchange rate changes on cash and cash equivalents
|
(273.9
|
)
|
|
(128.8
|
)
|
|
16.3
|
|
|||
|
|
|
|
|
|
||||||
Net (Decrease) Increase in Cash and Cash Equivalents
|
(322.4
|
)
|
|
32.2
|
|
|
897.1
|
|
|||
Cash and Cash Equivalents at the Beginning of Year
|
2,710.5
|
|
|
2,678.3
|
|
|
1,781.2
|
|
|||
Cash and Cash Equivalents at the End of Year
|
$
|
2,388.1
|
|
|
$
|
2,710.5
|
|
|
$
|
2,678.3
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Salary and service costs
|
$
|
11,350.0
|
|
|
$
|
10,724.4
|
|
|
$
|
10,406.8
|
|
Office and general expenses
|
2,023.7
|
|
|
2,034.8
|
|
|
2,008.4
|
|
|||
|
$
|
13,373.7
|
|
|
$
|
12,759.2
|
|
|
$
|
12,415.2
|
|
•
|
Level 1 - Quoted prices for identical instruments in active markets.
|
•
|
Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations where inputs are observable or where significant value drivers are observable.
|
•
|
Level 3 - Instruments where significant value drivers are unobservable to third parties.
|
|
2014
|
|
2013
|
|
2012
|
||||||
Net Income Available for Common Shares:
|
|
|
|
|
|
||||||
Net income - Omnicom Group Inc.
|
$
|
1,104.0
|
|
|
$
|
991.1
|
|
|
$
|
998.3
|
|
Net income allocated to participating securities
|
(20.4
|
)
|
|
(25.1
|
)
|
|
(22.5
|
)
|
|||
|
$
|
1,083.6
|
|
|
$
|
966.0
|
|
|
$
|
975.8
|
|
Weighted Average Shares:
|
|
|
|
|
|
||||||
Basic
|
253.9
|
|
|
258.9
|
|
|
268.3
|
|
|||
Dilutive stock options and restricted shares
|
1.4
|
|
|
1.5
|
|
|
1.7
|
|
|||
Diluted
|
255.3
|
|
|
260.4
|
|
|
270.0
|
|
|||
|
|
|
|
|
|
||||||
Anti-dilutive stock options and restricted shares
|
0.6
|
|
|
0.7
|
|
|
0.3
|
|
|||
|
|
|
|
|
|
||||||
Net Income per Common Share - Omnicom Group Inc.:
|
|
|
|
|
|
||||||
Basic
|
$
|
4.27
|
|
|
$
|
3.73
|
|
|
$
|
3.64
|
|
Diluted
|
$
|
4.24
|
|
|
$
|
3.71
|
|
|
$
|
3.61
|
|
|
2014
|
|
2013
|
||||||||||||||||||||
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Carrying
Value
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Carrying
Value
|
||||||||||||
Goodwill
|
$
|
9,377.6
|
|
|
$
|
555.4
|
|
|
$
|
8,822.2
|
|
|
$
|
9,502.6
|
|
|
$
|
586.6
|
|
|
$
|
8,916.0
|
|
Intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Purchased and internally developed software
|
$
|
298.7
|
|
|
$
|
221.4
|
|
|
$
|
77.3
|
|
|
$
|
283.2
|
|
|
$
|
217.4
|
|
|
$
|
65.8
|
|
Customer related and other
|
702.1
|
|
|
390.0
|
|
|
312.1
|
|
|
655.1
|
|
|
334.9
|
|
|
320.2
|
|
||||||
|
$
|
1,000.8
|
|
|
$
|
611.4
|
|
|
$
|
389.4
|
|
|
$
|
938.3
|
|
|
$
|
552.3
|
|
|
$
|
386.0
|
|
|
2014
|
|
2013
|
||||
January 1
|
$
|
8,916.0
|
|
|
$
|
8,844.2
|
|
Acquisitions
|
222.4
|
|
|
69.9
|
|
||
Dispositions
|
(3.0
|
)
|
|
(8.5
|
)
|
||
Foreign currency translation
|
(313.2
|
)
|
|
10.4
|
|
||
December 31
|
$
|
8,822.2
|
|
|
$
|
8,916.0
|
|
|
2014
|
|
2013
|
||||
Credit Agreement
|
$
|
2,500.0
|
|
|
$
|
2,500.0
|
|
Uncommitted credit lines
|
937.8
|
|
|
1,051.5
|
|
||
Available and unused credit lines
|
$
|
3,437.8
|
|
|
$
|
3,551.5
|
|
|
2014
|
|
2013
|
||||
5.9% Senior Notes due 2016
|
$
|
1,000.0
|
|
|
$
|
1,000.0
|
|
6.25% Senior Notes due 2019
|
500.0
|
|
|
500.0
|
|
||
4.45% Senior Notes due 2020
|
1,000.0
|
|
|
1,000.0
|
|
||
3.625% Senior Notes due 2022
|
1,250.0
|
|
|
1,250.0
|
|
||
3.65% Senior Notes due 2024
|
750.0
|
|
|
—
|
|
||
Other notes and loans
|
0.5
|
|
|
0.5
|
|
||
|
4,500.5
|
|
|
3,750.5
|
|
||
Unamortized premium (discount) on Senior Notes, net
|
11.1
|
|
|
14.7
|
|
||
Adjustment to carrying value for interest rate swaps
|
51.4
|
|
|
15.9
|
|
||
|
4,563.0
|
|
|
3,781.1
|
|
||
Current portion of debt
|
(0.4
|
)
|
|
(0.4
|
)
|
||
Long-term notes payable
|
$
|
4,562.6
|
|
|
$
|
3,780.7
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Long-term notes payable
|
$
|
155.0
|
|
|
$
|
174.7
|
|
|
$
|
156.2
|
|
Commercial paper
|
2.9
|
|
|
1.7
|
|
|
1.3
|
|
|||
Fees
|
6.2
|
|
|
6.5
|
|
|
6.2
|
|
|||
Other
|
13.1
|
|
|
14.3
|
|
|
16.0
|
|
|||
|
$
|
177.2
|
|
|
$
|
197.2
|
|
|
$
|
179.7
|
|
2015
|
$
|
0.4
|
|
2016
|
1,000.1
|
|
|
2017
|
—
|
|
|
2018
|
—
|
|
|
2019
|
500.0
|
|
|
Thereafter
|
3,000.0
|
|
|
|
$
|
4,500.5
|
|
|
Americas
|
|
EMEA
|
|
Asia Pacific
|
|||||||
2014
|
|
|
|
|
|
|||||||
Revenue
|
$
|
9,121.3
|
|
|
$
|
4,594.0
|
|
|
$
|
1,602.5
|
|
|
Long-lived assets and goodwill
|
6,157.8
|
|
|
2,800.8
|
|
|
571.6
|
|
||||
2013
|
|
|
|
|
|
|||||||
Revenue
|
$
|
8,597.1
|
|
|
$
|
4,407.4
|
|
|
$
|
1,580.0
|
|
|
Long-lived assets and goodwill
|
6,082.6
|
|
|
2,984.6
|
|
|
586.2
|
|
||||
2012
|
|
|
|
|
|
|||||||
Revenue
|
$
|
8,375.8
|
|
|
$
|
4,285.0
|
|
|
$
|
1,558.6
|
|
|
Long-lived assets and goodwill
|
6,066.3
|
|
|
2,875.2
|
|
|
626.5
|
|
|
2014
|
|
2013
|
|
2012
|
|||||||||
|
Shares
|
|
Weighted
Average
Exercise
Price
|
|
Shares
|
|
Weighted
Average
Exercise
Price
|
|
Shares
|
|
Weighted
Average
Exercise
Price
|
|||
January 1
|
2,643,680
|
|
|
$26.39
|
|
5,590,880
|
|
|
$25.72
|
|
18,301,409
|
|
|
$26.22
|
Granted
|
60,000
|
|
|
$66.16
|
|
60,000
|
|
|
$70.68
|
|
60,000
|
|
|
$49.65
|
Exercised
|
(1,046,540
|
)
|
|
$26.19
|
|
(3,021,200
|
)
|
|
$26.01
|
|
(12,673,529
|
)
|
|
$26.47
|
(Forfeited) reinstated
|
(5,000
|
)
|
|
$23.40
|
|
14,000
|
|
|
$23.40
|
|
(97,000
|
)
|
|
$35.98
|
December 31
|
1,652,140
|
|
|
$27.97
|
|
2,643,680
|
|
|
$26.39
|
|
5,590,880
|
|
|
$25.72
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Exercisable December 31
|
1,526,140
|
|
|
$24.95
|
|
2,505,680
|
|
|
$24.67
|
|
5,333,880
|
|
|
$24.89
|
|
|
|
|
Options Outstanding
|
|
Options Exercisable
|
||||||||
Range of
Exercise Prices
|
|
Shares
|
|
Weighted Average
Remaining
Contractual Life
|
|
Weighted Average
Exercise Price
|
|
Shares
|
|
Weighted Average
Exercise Price
|
||||
$23.40
|
to
|
$29.99
|
|
1,437,140
|
|
|
4.2 years
|
|
$23.40
|
|
1,437,140
|
|
|
$23.40
|
$30.00
|
to
|
$44.99
|
|
41,000
|
|
|
6.1 years
|
|
$41.57
|
|
41,000
|
|
|
$41.57
|
$45.00
|
to
|
$59.99
|
|
54,000
|
|
|
7.5 years
|
|
$49.32
|
|
30,000
|
|
|
$49.05
|
$60.00
|
to
|
$70.68
|
|
120,000
|
|
|
9.4 years
|
|
$68.42
|
|
18,000
|
|
|
$70.68
|
|
|
|
|
1,652,140
|
|
|
|
|
|
|
1,526,140
|
|
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Expected option lives
|
5 years
|
|
5 years
|
|
5 years
|
||||||
Risk free interest rate
|
1.4%
|
|
1.4%
|
|
0.8%
|
||||||
Expected volatility
|
22.3%
|
|
26.0%
|
|
29.5%
|
||||||
Dividend yield
|
3.0%
|
|
2.0%
|
|
3.1%
|
||||||
Weighted average fair value per option granted
|
$10.50
|
|
$14.50
|
|
$10.42
|
|
2014
|
|
2013
|
|
2012
|
|||
January 1
|
6,090,697
|
|
|
7,241,490
|
|
|
6,038,978
|
|
Granted
|
915,922
|
|
|
706,900
|
|
|
2,515,127
|
|
Vested
|
(1,619,444
|
)
|
|
(1,490,786
|
)
|
|
(981,737
|
)
|
Forfeited
|
(346,534
|
)
|
|
(366,907
|
)
|
|
(330,878
|
)
|
December 31
|
5,040,641
|
|
|
6,090,697
|
|
|
7,241,490
|
|
|
|
|
|
|
|
|||
Weighted average grant date fair value of shares granted in the period
|
$64.92
|
|
$60.98
|
|
$49.55
|
|||
|
|
|
|
|
|
|||
Weighted average grant date fair value at December 31
|
$50.98
|
|
$47.47
|
|
$45.34
|
|
2014
|
|
2013
|
|
2012
|
|||||||||||||||
|
Shares
|
|
Weighted Average Grant Date Fair Value
|
|
Shares
|
|
Weighted Average Grant Date Fair Value
|
|
Shares
|
|
Weighted Average Grant Date Fair Value
|
|||||||||
January 1
|
681,555
|
|
|
$
|
51.19
|
|
|
538,948
|
|
|
$
|
48.74
|
|
|
413,909
|
|
|
48.56
|
|
|
Granted
|
188,621
|
|
|
69.89
|
|
|
183,998
|
|
|
57.77
|
|
|
166,426
|
|
|
$
|
49.13
|
|
||
Distributed
|
(165,562
|
)
|
|
48.56
|
|
|
(41,391
|
)
|
|
48.56
|
|
|
(41,387
|
)
|
|
48.56
|
|
|||
Forfeited
|
(81,755
|
)
|
|
61.76
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|||
December 31
|
622,859
|
|
|
$
|
56.16
|
|
|
681,555
|
|
|
$
|
51.19
|
|
|
538,948
|
|
|
$
|
48.74
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Domestic
|
$
|
739.9
|
|
|
$
|
629.4
|
|
|
$
|
683.5
|
|
International
|
1,070.1
|
|
|
1,031.5
|
|
|
976.1
|
|
|||
|
$
|
1,810.0
|
|
|
$
|
1,660.9
|
|
|
$
|
1,659.6
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Current:
|
|
|
|
|
|
||||||
Federal
|
$
|
356.1
|
|
|
$
|
246.3
|
|
|
$
|
163.3
|
|
State and local
|
38.1
|
|
|
30.6
|
|
|
40.1
|
|
|||
International
|
344.8
|
|
|
336.5
|
|
|
298.3
|
|
|||
|
739.0
|
|
|
613.4
|
|
|
501.7
|
|
|||
Deferred:
|
|
|
|
|
|
||||||
Federal
|
(106.4
|
)
|
|
0.3
|
|
|
41.7
|
|
|||
State and local
|
(2.3
|
)
|
|
(3.6
|
)
|
|
4.7
|
|
|||
International
|
(37.2
|
)
|
|
(44.9
|
)
|
|
(21.0
|
)
|
|||
|
(145.9
|
)
|
|
(48.2
|
)
|
|
25.4
|
|
|||
|
$
|
593.1
|
|
|
$
|
565.2
|
|
|
$
|
527.1
|
|
|
2014
|
|
2013
|
|
2012
|
|||
Statutory U.S. federal income tax rate
|
35.0
|
%
|
|
35.0
|
%
|
|
35.0
|
%
|
State and local income taxes, net of federal income tax benefit
|
1.3
|
|
|
1.0
|
|
|
1.7
|
|
Reduction of tax on unremitted foreign earnings due to
legal reorganization
|
—
|
|
|
—
|
|
|
(1.3
|
)
|
International tax rate differentials
|
(3.3
|
)
|
|
(3.0
|
)
|
|
(3.3
|
)
|
Other
|
(0.2
|
)
|
|
1.0
|
|
|
(0.3
|
)
|
Effective tax rate
|
32.8
|
%
|
|
34.0
|
%
|
|
31.8
|
%
|
|
2014
|
|
2013
|
||||
Deferred tax assets:
|
|
|
|
||||
Compensation and severance
|
$
|
311.9
|
|
|
$
|
269.8
|
|
Tax loss and credit carryforwards
|
95.6
|
|
|
149.1
|
|
||
Basis differences from acquisitions
|
38.0
|
|
|
28.7
|
|
||
Basis differences from short-term assets and liabilities
|
27.8
|
|
|
28.2
|
|
||
Other
|
33.0
|
|
|
53.2
|
|
||
Deferred tax assets
|
506.3
|
|
|
529.0
|
|
||
Valuation allowance
|
(34.1
|
)
|
|
(56.8
|
)
|
||
Net deferred tax assets
|
$
|
472.2
|
|
|
$
|
472.2
|
|
|
|
|
|
||||
Deferred tax liabilities:
|
|
|
|
||||
Goodwill and intangible assets
|
$
|
706.1
|
|
|
$
|
673.3
|
|
Financial instruments
|
263.1
|
|
|
421.8
|
|
||
Unremitted foreign earnings
|
51.1
|
|
|
114.5
|
|
||
Basis differences from investments
|
(4.2
|
)
|
|
(5.7
|
)
|
||
Deferred tax liabilities
|
$
|
1,016.1
|
|
|
$
|
1,203.9
|
|
|
|
|
|
||||
Net deferred tax assets (liabilities)
|
$
|
(543.9
|
)
|
|
$
|
(731.7
|
)
|
|
2014
|
|
2013
|
||||
Other current assets - deferred taxes
|
$
|
110.8
|
|
|
$
|
100.9
|
|
Long-term deferred tax liabilities
|
(654.7
|
)
|
|
(832.6
|
)
|
||
|
$
|
(543.9
|
)
|
|
$
|
(731.7
|
)
|
|
2014
|
|
2013
|
||||
January 1
|
$
|
137.8
|
|
|
$
|
188.6
|
|
Additions:
|
|
|
|
||||
Current year tax positions
|
6.0
|
|
|
5.1
|
|
||
Prior year tax positions
|
1.0
|
|
|
0.4
|
|
||
Reduction of prior year tax positions
|
0.5
|
|
|
(31.4
|
)
|
||
Settlements
|
(0.8
|
)
|
|
(24.6
|
)
|
||
Lapse of statute of limitations
|
(2.9
|
)
|
|
(0.2
|
)
|
||
Foreign currency translation
|
(1.8
|
)
|
|
(0.1
|
)
|
||
December 31
|
$
|
139.8
|
|
|
$
|
137.8
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Service cost
|
$
|
6.8
|
|
|
$
|
4.6
|
|
|
$
|
6.6
|
|
Interest cost
|
8.2
|
|
|
7.3
|
|
|
7.6
|
|
|||
Expected return on plan assets
|
(4.2
|
)
|
|
(3.7
|
)
|
|
(3.5
|
)
|
|||
Amortization of prior service cost
|
4.3
|
|
|
3.6
|
|
|
3.1
|
|
|||
Amortization of actuarial (gains) losses
|
2.3
|
|
|
3.5
|
|
|
1.0
|
|
|||
|
$
|
17.4
|
|
|
$
|
15.3
|
|
|
$
|
14.8
|
|
|
2014
|
|
2013
|
|
2012
|
|||
Discount rate
|
4.5
|
%
|
|
3.9
|
%
|
|
4.6
|
%
|
Compensation increases
|
1.8
|
%
|
|
1.6
|
%
|
|
1.8
|
%
|
Expected return on plan assets
|
5.8
|
%
|
|
5.3
|
%
|
|
6.0
|
%
|
|
2014
|
|
2013
|
||||
Benefit Obligation:
|
|
|
|
||||
January 1
|
$
|
185.7
|
|
|
$
|
188.4
|
|
Service cost
|
6.8
|
|
|
4.6
|
|
||
Interest cost
|
8.2
|
|
|
7.3
|
|
||
Amendments, curtailments and settlements
|
—
|
|
|
7.6
|
|
||
Actuarial (gains) losses
|
31.3
|
|
|
(18.0
|
)
|
||
Benefits paid
|
(5.0
|
)
|
|
(5.1
|
)
|
||
Foreign currency translation and other
|
(4.3
|
)
|
|
0.9
|
|
||
December 31
|
$
|
222.7
|
|
|
$
|
185.7
|
|
|
|
|
|
||||
Fair Value of Plan Assets:
|
|
|
|
||||
January 1
|
$
|
72.2
|
|
|
$
|
62.7
|
|
Actual return on plan assets
|
6.5
|
|
|
8.1
|
|
||
Employer contributions
|
3.2
|
|
|
5.5
|
|
||
Benefits paid
|
(5.0
|
)
|
|
(5.1
|
)
|
||
Foreign currency translation and other
|
(2.5
|
)
|
|
1.0
|
|
||
December 31
|
$
|
74.4
|
|
|
$
|
72.2
|
|
|
|
|
|
||||
Funded Status December 31:
|
$
|
(148.3
|
)
|
|
$
|
(113.5
|
)
|
|
2014
|
|
2013
|
||||
Other assets
|
$
|
4.6
|
|
|
$
|
5.6
|
|
Other current liabilities
|
(4.4
|
)
|
|
(1.1
|
)
|
||
Long-term liabilities
|
(148.5
|
)
|
|
(118.0
|
)
|
||
|
$
|
(148.3
|
)
|
|
$
|
(113.5
|
)
|
|
2014
|
|
2013
|
||||
Benefit obligation
|
$
|
212.0
|
|
|
$
|
143.1
|
|
Plan assets
|
59.0
|
|
|
24.0
|
|
||
|
$
|
153.0
|
|
|
$
|
119.1
|
|
|
2014
|
|
2013
|
||
|
|
|
|
||
Discount rate
|
3.5
|
%
|
|
4.4
|
%
|
Compensation increases
|
1.8
|
%
|
|
1.6
|
%
|
2015
|
$
|
7.6
|
|
2016
|
8.2
|
|
|
2017
|
9.0
|
|
|
2018
|
9.3
|
|
|
2019
|
10.4
|
|
|
2020 - 2024
|
72.0
|
|
2014
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Cash
|
$
|
2.6
|
|
|
|
|
|
|
$
|
2.6
|
|
||||
Mutual funds
|
43.4
|
|
|
|
|
|
|
43.4
|
|
||||||
Unit trusts
|
24.4
|
|
|
|
|
|
|
24.4
|
|
||||||
Insurance contracts
|
|
|
|
|
$
|
3.7
|
|
|
3.7
|
|
|||||
Other
|
|
|
$
|
0.3
|
|
|
|
|
0.3
|
|
|||||
|
$
|
70.4
|
|
|
$
|
0.3
|
|
|
$
|
3.7
|
|
|
$
|
74.4
|
|
2013
|
|
|
|
|
|
|
|
||||||||
Cash
|
$
|
2.1
|
|
|
|
|
|
|
$
|
2.1
|
|
||||
Mutual funds
|
42.5
|
|
|
|
|
|
|
42.5
|
|
||||||
Unit trusts
|
23.3
|
|
|
|
|
|
|
23.3
|
|
||||||
Insurance contracts
|
|
|
|
|
$
|
3.4
|
|
|
3.4
|
|
|||||
Other
|
|
|
$
|
0.9
|
|
|
|
|
0.9
|
|
|||||
|
$
|
67.9
|
|
|
$
|
0.9
|
|
|
$
|
3.4
|
|
|
$
|
72.2
|
|
|
2014
|
|
2013
|
||||
January 1
|
$
|
3.4
|
|
|
$
|
2.9
|
|
Actual return on assets
|
0.1
|
|
|
0.1
|
|
||
Purchases, sales and settlements, net
|
0.2
|
|
|
0.4
|
|
||
December 31
|
$
|
3.7
|
|
|
$
|
3.4
|
|
|
2014
|
|
2013
|
|||||
|
Target
Allocation
|
|
Actual
Allocation
|
|
Actual
Allocation
|
|||
Cash
|
5
|
%
|
|
3
|
%
|
|
3
|
%
|
Mutual funds
|
54
|
%
|
|
58
|
%
|
|
59
|
%
|
Unit trusts
|
33
|
%
|
|
33
|
%
|
|
32
|
%
|
Insurance contracts
|
5
|
%
|
|
5
|
%
|
|
5
|
%
|
Other
|
3
|
%
|
|
1
|
%
|
|
1
|
%
|
|
100
|
%
|
|
100
|
%
|
|
100
|
%
|
|
2014
|
|
2013
|
|
2012
|
||||||
Service cost
|
$
|
3.8
|
|
|
$
|
4.1
|
|
|
$
|
4.1
|
|
Interest cost
|
4.5
|
|
|
4.3
|
|
|
4.7
|
|
|||
Amortization of prior service cost
|
2.1
|
|
|
1.9
|
|
|
0.7
|
|
|||
Amortization of actuarial (gains) losses
|
0.9
|
|
|
1.5
|
|
|
2.0
|
|
|||
|
$
|
11.3
|
|
|
$
|
11.8
|
|
|
$
|
11.5
|
|
|
2014
|
|
2013
|
|
2012
|
|||
Discount rate
|
4.7
|
%
|
|
4.1
|
%
|
|
4.9
|
%
|
Compensation increases
|
3.5
|
%
|
|
3.5
|
%
|
|
3.5
|
%
|
|
2014
|
|
2013
|
||||
January 1
|
$
|
104.2
|
|
|
$
|
118.7
|
|
Service cost
|
3.8
|
|
|
4.1
|
|
||
Interest cost
|
4.5
|
|
|
4.3
|
|
||
Amendments
|
7.5
|
|
|
2.8
|
|
||
Actuarial (gains) losses
|
11.3
|
|
|
(12.3
|
)
|
||
Benefits paid
|
(9.2
|
)
|
|
(13.4
|
)
|
||
December 31
|
$
|
122.1
|
|
|
$
|
104.2
|
|
|
2014
|
|
2013
|
||||
Other current liabilities
|
$
|
8.7
|
|
|
$
|
9.3
|
|
Long-term liabilities
|
113.4
|
|
|
94.9
|
|
||
|
$
|
122.1
|
|
|
$
|
104.2
|
|
|
2014
|
|
2013
|
||
Discount rate
|
3.8
|
%
|
|
4.7
|
%
|
Compensation increases
|
3.5
|
%
|
|
3.5
|
%
|
2015
|
$
|
8.7
|
|
2016
|
9.0
|
|
|
2017
|
7.6
|
|
|
2018
|
7.4
|
|
|
2019
|
5.7
|
|
|
2020 - 2024
|
26.9
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
(Increase) decrease in accounts receivable
|
$
|
(227.1
|
)
|
|
$
|
244.8
|
|
|
$
|
(218.7
|
)
|
(Increase) decrease in work in process and other current assets
|
(24.2
|
)
|
|
(354.5
|
)
|
|
4.8
|
|
|||
Increase (decrease) in accounts payable
|
161.8
|
|
|
143.5
|
|
|
127.8
|
|
|||
Increase (decrease) in customer advances and other current liabilities
|
45.5
|
|
|
252.6
|
|
|
(151.8
|
)
|
|||
Change in other assets and liabilities, net
|
(62.2
|
)
|
|
64.9
|
|
|
263.1
|
|
|||
|
$
|
(106.2
|
)
|
|
$
|
351.3
|
|
|
$
|
25.2
|
|
|
|
|
|
|
|
||||||
Income taxes paid
|
$
|
610.1
|
|
|
$
|
472.4
|
|
|
$
|
321.1
|
|
|
|
|
|
|
|
||||||
Interest paid
|
$
|
188.6
|
|
|
$
|
192.8
|
|
|
$
|
165.5
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Net income attributed to Omnicom Group Inc.
|
$
|
1,104.0
|
|
|
$
|
991.1
|
|
|
$
|
998.3
|
|
Transfers (to) from noncontrolling interests:
|
|
|
|
|
|
||||||
Increase in additional paid-in capital from sale of shares in noncontrolling interests
|
6.3
|
|
|
5.2
|
|
|
2.6
|
|
|||
Decrease in additional paid-in capital from purchase of shares in noncontrolling interests
|
(70.8
|
)
|
|
(22.0
|
)
|
|
(30.7
|
)
|
|||
Net transfers (to) from noncontrolling interests
|
(64.5
|
)
|
|
(16.8
|
)
|
|
(28.1
|
)
|
|||
Change from net income attributed to Omnicom Group Inc. and
transfers (to) from noncontrolling interests
|
$
|
1,039.5
|
|
|
$
|
974.3
|
|
|
$
|
970.2
|
|
|
2014
|
|
2013
|
|
2012
|
||||||
Office base rent
|
$
|
373.1
|
|
|
$
|
379.9
|
|
|
$
|
390.5
|
|
Third party sublease rent
|
(11.2
|
)
|
|
(10.6
|
)
|
|
(10.4
|
)
|
|||
Net office rent
|
361.9
|
|
|
369.3
|
|
|
380.1
|
|
|||
Equipment rent
|
27.9
|
|
|
33.1
|
|
|
36.3
|
|
|||
|
$
|
389.8
|
|
|
$
|
402.4
|
|
|
$
|
416.4
|
|
|
Operating Leases
|
|
Capital Leases
|
||||
2015
|
$
|
351.3
|
|
|
$
|
24.0
|
|
2016
|
247.4
|
|
|
16.1
|
|
||
2017
|
194.4
|
|
|
9.0
|
|
||
2018
|
153.5
|
|
|
4.4
|
|
||
2019
|
133.7
|
|
|
3.1
|
|
||
Thereafter
|
529.0
|
|
|
2.1
|
|
||
Minimum lease payments
|
1,609.3
|
|
|
58.7
|
|
||
Sublease rent
|
(13.9
|
)
|
|
|
|||
Net rent
|
$
|
1,595.4
|
|
|
|
||
Interest component
|
|
|
(1.5
|
)
|
|||
Present value of minimum lease payments
|
|
|
$
|
57.2
|
|
|
2014
|
|
2013
|
||||
Property under capital lease:
|
|
|
|
||||
Cost
|
$
|
146.3
|
|
|
$
|
134.0
|
|
Accumulated depreciation
|
(90.6
|
)
|
|
(80.5
|
)
|
||
|
$
|
55.7
|
|
|
$
|
53.5
|
|
Capital lease obligations:
|
|
|
|
||||
Current
|
$
|
23.2
|
|
|
$
|
22.2
|
|
Long-term
|
34.0
|
|
|
33.2
|
|
||
|
$
|
57.2
|
|
|
$
|
55.4
|
|
2014
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
$
|
2,388.1
|
|
|
|
|
|
|
$
|
2,388.1
|
|
||||
Short-term investments
|
2.2
|
|
|
|
|
|
|
2.2
|
|
||||||
Available-for-sale securities
|
4.9
|
|
|
|
|
|
|
4.9
|
|
||||||
Interest rate and foreign currency derivative instruments
|
|
|
$
|
43.1
|
|
|
|
|
43.1
|
|
|||||
Liabilities:
|
|
|
|
|
|
|
|
|
|
||||||
Foreign currency derivative instruments
|
|
|
$
|
0.4
|
|
|
|
|
$
|
0.4
|
|
||||
Contingent purchase price obligations
|
|
|
|
|
$
|
300.7
|
|
|
300.7
|
|
2013
|
|
|
|
|
|
|
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
$
|
2,710.5
|
|
|
|
|
|
|
$
|
2,710.5
|
|
||||
Short-term investments
|
18.2
|
|
|
|
|
|
|
18.2
|
|
||||||
Available-for-sale securities
|
4.9
|
|
|
|
|
|
|
4.9
|
|
||||||
Foreign currency derivative instruments
|
|
|
$
|
2.2
|
|
|
|
|
2.2
|
|
|||||
Liabilities:
|
|
|
|
|
|
|
|
||||||||
Foreign currency derivative instruments
|
|
|
$
|
0.1
|
|
|
|
|
$
|
0.1
|
|
||||
Contingent interest derivative
|
|
|
2.1
|
|
|
|
|
2.1
|
|
||||||
Contingent purchase price obligations
|
|
|
|
|
$
|
220.2
|
|
|
220.2
|
|
|
2014
|
|
2013
|
||||
January 1
|
$
|
220.2
|
|
|
$
|
266.2
|
|
Acquisitions
|
167.1
|
|
|
35.8
|
|
||
Revaluation and interest
|
11.0
|
|
|
(10.9
|
)
|
||
Payments
|
(83.2
|
)
|
|
(70.5
|
)
|
||
Foreign currency translation
|
(14.4
|
)
|
|
(0.4
|
)
|
||
December 31
|
$
|
300.7
|
|
|
$
|
220.2
|
|
|
2014
|
|
2013
|
||||||||||||
|
Carrying
Amount
|
|
Fair
Value
|
|
Carrying
Amount
|
|
Fair
Value
|
||||||||
Assets:
|
|
|
|
|
|
|
|
||||||||
Cash and cash equivalents
|
$
|
2,388.1
|
|
|
$
|
2,388.1
|
|
|
$
|
2,710.5
|
|
|
$
|
2,710.5
|
|
Short-term investments
|
2.2
|
|
|
2.2
|
|
|
18.2
|
|
|
18.2
|
|
||||
Available-for-sale securities
|
4.9
|
|
|
4.9
|
|
|
4.9
|
|
|
4.9
|
|
||||
Interest rate and foreign currency derivative instruments
|
43.1
|
|
|
43.1
|
|
|
2.2
|
|
|
2.2
|
|
||||
Cost method investments
|
21.8
|
|
|
21.8
|
|
|
22.2
|
|
|
22.2
|
|
||||
Liabilities:
|
|
|
|
|
|
|
|
||||||||
Short-term borrowings
|
$
|
7.2
|
|
|
$
|
7.2
|
|
|
$
|
5.9
|
|
|
$
|
5.9
|
|
Foreign currency derivative instruments
|
0.4
|
|
|
0.4
|
|
|
0.1
|
|
|
0.1
|
|
||||
Contingent interest derivative
|
—
|
|
|
—
|
|
|
2.1
|
|
|
2.1
|
|
||||
Contingent purchase price obligations
|
300.7
|
|
|
300.7
|
|
|
220.2
|
|
|
220.2
|
|
||||
Debt
|
4,563.0
|
|
|
4,754.9
|
|
|
4,033.8
|
|
|
4,302.7
|
|
2014
|
Unrealized
Gain (Loss) on Available-for-Sale Securities
|
|
Defined Benefit Pension and Postemployment Plans
|
|
Foreign Currency Translation
|
|
Total
|
||||||||
January 1
|
$
|
(1.6
|
)
|
|
$
|
(68.8
|
)
|
|
$
|
(121.2
|
)
|
|
$
|
(191.6
|
)
|
Other comprehensive income (loss) before reclassifications
|
0.4
|
|
|
—
|
|
|
(403.7
|
)
|
|
(403.3
|
)
|
||||
Amounts reclassified from accumulated other comprehensive income (loss)
|
—
|
|
|
(23.3
|
)
|
|
—
|
|
|
(23.3
|
)
|
||||
Other comprehensive income (loss)
|
0.4
|
|
|
(23.3
|
)
|
|
(403.7
|
)
|
|
(426.6
|
)
|
||||
December 31
|
$
|
(1.2
|
)
|
|
$
|
(92.1
|
)
|
|
$
|
(524.9
|
)
|
|
$
|
(618.2
|
)
|
2013
|
|
|
|
|
|
|
|
||||||||
January 1
|
$
|
(2.0
|
)
|
|
$
|
(89.8
|
)
|
|
$
|
(37.7
|
)
|
|
$
|
(129.5
|
)
|
Other comprehensive income (loss) before reclassifications
|
0.4
|
|
|
—
|
|
|
(83.5
|
)
|
|
(83.1
|
)
|
||||
Amounts reclassified from accumulated other comprehensive income (loss)
|
—
|
|
|
21.0
|
|
|
—
|
|
|
21.0
|
|
||||
Other comprehensive income (loss)
|
0.4
|
|
|
21.0
|
|
|
(83.5
|
)
|
|
(62.1
|
)
|
||||
December 31
|
$
|
(1.6
|
)
|
|
$
|
(68.8
|
)
|
|
$
|
(121.2
|
)
|
|
$
|
(191.6
|
)
|
|
2014
|
|
2013
|
||||
Amortization of defined benefit pension and postemployment plans:
|
|
|
|
||||
Prior service cost
|
$
|
6.4
|
|
|
$
|
5.5
|
|
Actuarial (gains) losses
|
3.2
|
|
|
5.0
|
|
||
Net periodic benefit cost (see Note 12)
|
9.6
|
|
|
10.5
|
|
||
Income taxes
|
(3.8
|
)
|
|
(4.2
|
)
|
||
Periodic benefit cost, net of income tax
|
$
|
5.8
|
|
|
$
|
6.3
|
|
|
Quarter
|
||||||||||||||
|
First
|
|
Second
|
|
Third
|
|
Fourth
|
||||||||
Revenue
|
|
|
|
|
|
|
|
||||||||
2014
|
$
|
3,502.2
|
|
|
$
|
3,870.9
|
|
|
$
|
3,749.6
|
|
|
$
|
4,195.1
|
|
2013
|
3,398.9
|
|
|
3,637.0
|
|
|
3,490.5
|
|
|
4,058.1
|
|
||||
Operating Expenses
|
|
|
|
|
|
|
|
||||||||
2014
|
3,119.5
|
|
|
3,322.5
|
|
|
3,316.0
|
|
|
3,615.7
|
|
||||
2013
|
3,027.2
|
|
|
3,114.0
|
|
|
3,111.1
|
|
|
3,506.9
|
|
||||
Operating Income
|
|
|
|
|
|
|
|
||||||||
2014
|
382.7
|
|
|
548.4
|
|
|
433.6
|
|
|
579.4
|
|
||||
2013
|
371.7
|
|
|
523.0
|
|
|
379.4
|
|
|
551.2
|
|
||||
Net Income - Omnicom Group Inc.
|
|
|
|
|
|
|
|
||||||||
2014
|
205.5
|
|
|
325.2
|
|
|
243.8
|
|
|
329.5
|
|
||||
2013
|
205.1
|
|
|
289.5
|
|
|
196.0
|
|
|
300.5
|
|
||||
Net Income Per Share Omnicom Group Inc. - Basic
|
|
|
|
|
|
|
|
||||||||
2014
|
0.78
|
|
|
1.24
|
|
|
0.95
|
|
|
1.30
|
|
||||
2013
|
0.76
|
|
|
1.09
|
|
|
0.74
|
|
|
1.14
|
|
||||
Net Income Per Share Omnicom Group Inc. - Diluted
|
|
|
|
|
|
|
|
||||||||
2014
|
0.77
|
|
|
1.23
|
|
|
0.95
|
|
|
1.30
|
|
||||
2013
|
0.76
|
|
|
1.09
|
|
|
0.74
|
|
|
1.13
|
|
Description
|
Balance
Beginning
of Period
|
|
Charged
to Costs
and Expenses
|
|
Removal of
Uncollectible
Receivables
|
|
Translation
Adjustment
Increase (Decrease)
|
|
Balance
End of
Period
|
||||||||||
Valuation accounts deducted from assets:
|
|
|
|
|
|
|
|
|
|
||||||||||
Allowance for Doubtful Accounts:
|
|
|
|
|
|
|
|
|
|
||||||||||
December 31, 2014
|
$
|
32.6
|
|
|
$
|
8.5
|
|
|
$
|
(14.9
|
)
|
|
$
|
(1.3
|
)
|
|
$
|
24.9
|
|
December 31, 2013
|
35.9
|
|
|
9.7
|
|
|
(12.8
|
)
|
|
(0.2
|
)
|
|
32.6
|
|
|||||
December 31, 2012
|
40.6
|
|
|
11.4
|
|
|
(16.5
|
)
|
|
0.4
|
|
|
35.9
|
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|
No information found
No Customers Found
Suppliers
Supplier name | Ticker |
---|---|
Microsoft Corporation | MSFT |
The Walt Disney Company | DIS |
Comcast Corporation | CMCSA |
Fox Corporation | FOXA |
News Corporation | NWSA |
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|