Third Quarter 2019 Results
2019 vs. 2018 P&L Summary
Third Quarter
Revenue
Operating Expenses (a)
Operating Profit
Net Interest Expense
Income Tax Expense
Tax Rate %
Income From Equity Method Investments
Net Income Attributed To Noncontrolling Interests
Net Income - Omnicom Group Inc.
$
$
GA
OmnicomGroup
Third Quarter
2018
2019
3,623.8
3,150.5
473.3
49.3
112.3
26.5%
0.5
22.0
290.2
$
$
(b) (c)
3,714.3
3,212.0
502.3
56.7
115.3
(a) Additional information on our operating expenses can be found on page 23.
(b)
During the three months ended September 30, 2018, we disposed of certain subsidiaries and recorded a net gain, primarily related to the sale of Sellbytel, our outsourced sales, service and support
company. Additionally, during the third quarter of 2018, we recorded expenses for certain repositioning actions related to the continued improvement of our strategic position and operating
efficiencies of our businesses. Lastly, income tax expense for the three months ended September 30, 2018 includes additional expense related to an adjustment to the estimate of the impact of the
Tax Cuts and Job Act (the "2017 Tax Act"), as described in footnote (c) below. The net impact of these items increased operating profit by $29.0 million and Net Income - Omnicom Group Inc. by
$18.2 million for the three months ended September 30, 2018. Please see page 24 for additional information regarding the gain and repositioning charges.
October 15, 2019
25.9%
1.0
32.4
298.9
(c) Income tax expense for the three months ended September 30, 2018 reflected a net increase of $28.9 million related to an adjustment to the provisional amounts recorded for the 2017 Tax Act
recorded in the third quarter of 2018.
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