OMNICOM GROUP INC

For the period ended Dec 31, 2024. Filed Feb 5, 2025.

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FY2024 · Filed Feb 5, 2025

OMC$88.50+2.5%Stored close · as of Nov 9, 2026

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Contents

Consolidated Financial Statements F-

	December 31,
	2024	2023
ASSETS
Current Assets:
Cash and cash equivalents	$4,339.4	$4,432.0
Accounts receivable, net of allowance for doubtful accounts of $15.0 and $17.2	9,242.0	8,659.8
Work in process	1,622.2	1,342.5
Other current assets	1,019.4	949.9
Total Current Assets	16,223.0	15,384.2
Property and Equipment at cost, less accumulated depreciation of $1,096.9 and $1,150.4	824.7	874.9
Operating Lease Right-Of-Use Assets	1,043.6	1,046.4
Equity Method Investments	59.0	66.4
Goodwill	10,677.4	10,082.3
Intangible Assets, net of accumulated amortization of $832.4 and $863.6	522.0	366.9
Other Assets	271.0	223.5
TOTAL ASSETS	$29,620.7	$28,044.6
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$12,484.4	$11,634.0
Customer advances	1,336.1	1,356.2
Current portion of debt	—	750.5
Short-term debt	21.3	10.9
Taxes payable	402.5	351.6
Other current liabilities	2,056.0	2,142.8
Total Current Liabilities	16,300.3	16,246.0
Long-Term Liabilities	804.2	887.7
Long-Term Liability - Operating Leases	814.2	853.0
Long-Term Debt	6,035.3	4,889.1
Deferred Tax Liabilities	491.8	529.1
Commitments and Contingent Liabilities (Note 20)
Temporary Equity - Redeemable Noncontrolling Interests	429.0	414.6
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, 297.2 million sharesissued, 196.4 million and 198.0 million shares outstanding	44.6	44.6
Additional paid-in capital	472.1	492.0
Retained earnings	11,500.5	10,571.5
Accumulated other comprehensive income (loss)	(1,475.9)	(1,337.6)
Treasury stock, at cost, 100.8 million and 99.2 million shares	(6,347.8)	(6,154.2)
Total Shareholders’ Equity	4,193.5	3,616.3
Noncontrolling interests	552.4	608.8
Total Equity	4,745.9	4,225.1
TOTAL LIABILITIES AND EQUITY	$29,620.7	$28,044.6

	Year Ended December 31,
	2024	2023	2022
Revenue	$15,689.1	$14,692.2	$14,289.1
Operating Expenses:
Salary and service costs	11,432.5	10,701.2	10,325.9
Occupancy and other costs	1,274.4	1,168.8	1,168.6
Real estate and other repositioning costs	57.8	191.5	—
Charges arising from the effects of the war in Ukraine	—	—	113.4
Gain on disposition of subsidiary	—	(78.8)	—
Cost of services	12,764.7	11,982.7	11,607.9
Selling, general and administrative expenses	408.1	393.7	378.5
Depreciation and amortization	241.7	211.1	219.4
Total Operating Expenses	13,414.5	12,587.5	12,205.8
Operating Income	2,274.6	2,104.7	2,083.3
Interest Expense	247.9	218.5	208.6
Interest Income	100.9	106.7	70.7
Income Before Income Taxes and Income From Equity Method Investments	2,127.6	1,992.9	1,945.4
Income Tax Expense	560.5	524.9	546.8
Income From Equity Method Investments	6.9	5.2	5.2
Net Income	1,574.0	1,473.2	1,403.8
Net Income Attributed To Noncontrolling Interests	93.4	81.8	87.3
Net Income - Omnicom Group Inc.	$1,480.6	$1,391.4	$1,316.5
Net Income Per Share - Omnicom Group Inc.:
Basic	$7.54	$6.98	$6.40
Diluted	$7.46	$6.91	$6.36

	Year Ended December 31,
	2024	2023	2022
Net Income	$1,574.0	$1,473.2	$1,403.8
Other Comprehensive Income (Loss):
Cash flow hedge:
Amortization of loss included in interest expense	4.4	5.6	5.6
Income tax effect	(1.3)	(1.6)	(1.6)
Cash flow hedge, net of tax	3.1	4.0	4.0
Pension and other postemployment benefits:
Unrecognized actuarial gains (losses) and prior service cost for the period	18.7	(6.8)	58.4
Amortization of prior service cost and actuarial (gains) losses	5.8	4.8	10.7
Income tax effect	(7.3)	0.6	(20.0)
Pension and other postemployment benefits, net of tax	17.2	(1.4)	49.1
Foreign currency translation adjustment	(171.7)	98.9	(255.2)
Other Comprehensive Income (Loss)	(151.4)	101.5	(202.1)
Comprehensive Income	1,422.6	1,574.7	1,201.7
Comprehensive Income Attributed To Noncontrolling Interests	80.3	83.0	70.8
Comprehensive Income - Omnicom Group Inc.	$1,342.3	$1,491.7	$1,130.9

CONSOLIDATED STATEMENTS OF EQUITY

	Year Ended December 31,
	2024	2023	2022
Common Stock, shares	297.2	297.2	297.2
Common Stock, par value	$44.6	$44.6	$44.6
Additional Paid-in Capital:
Beginning balance	492.0	571.1	622.0
Net change in noncontrolling interests	(9.9)	(88.1)	(17.1)
Change in temporary equity	(24.0)	(27.2)	(49.9)
Share-based compensation	91.4	84.8	81.7
Common stock issued, share-based compensation	(77.4)	(48.6)	(65.6)
Ending balance	472.1	492.0	571.1
Retained Earnings:
Beginning balance	10,571.5	9,739.3	8,998.8
Net income	1,480.6	1,391.4	1,316.5
Common stock dividends declared	(551.6)	(559.2)	(576.0)
Ending balance	11,500.5	10,571.5	9,739.3
Accumulated Other Comprehensive Income (Loss):
Beginning balance	(1,337.6)	(1,437.9)	(1,252.3)
Other comprehensive income (loss)	(138.3)	100.3	(185.6)
Ending balance	(1,475.9)	(1,337.6)	(1,437.9)
Treasury Stock:
Beginning balance	(6,154.2)	(5,665.0)	(5,142.9)
Common stock issued, share-based compensation	179.1	86.0	89.3
Common stock repurchased	(372.7)	(575.2)	(611.4)
Ending balance	(6,347.8)	(6,154.2)	(5,665.0)
Shareholders’ Equity	4,193.5	3,616.3	3,252.1
Noncontrolling Interests:
Beginning balance	608.8	524.3	503.5
Net income	93.4	81.8	87.3
Other comprehensive income (loss)	(13.1)	1.2	(16.5)
Dividends to noncontrolling interests	(85.4)	(70.9)	(79.5)
Net change in noncontrolling interests	(51.3)	72.4	29.5
Ending balance	552.4	608.8	524.3
Total Equity	$4,745.9	$4,225.1	$3,776.4
Dividends Declared Per Common Share	$2.80	$2.80	$2.80

	Year Ended December 31,
	2024	2023	2022
Cash Flows from Operating Activities:
Net income	$1,574.0	$1,473.2	$1,403.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of right-of-use assets	136.1	130.8	139.1
Amortization of intangible assets	105.6	80.3	80.3
Share-based compensation	91.4	84.8	81.7
Real estate and other repositioning costs	57.8	191.5	—
Gain on disposition of subsidiary	—	(78.8)	—
Non-cash charges related to the effects of the war in Ukraine	—	—	65.8
Other, net	(0.2)	3.0	(0.2)
Decrease in operating capital	(231.2)	(462.9)	(844.0)
Net Cash Provided By Operating Activities	1,733.5	1,421.9	926.5
Cash Flows from Investing Activities:
Capital expenditures	(140.6)	(78.4)	(78.2)
Acquisition of businesses and interests in affiliates, net of cash acquired	(902.1)	(93.3)	(276.8)
Maturity (purchase) of short-term investments	—	60.8	(61.4)
Proceeds from disposition of subsidiaries and other	(16.0)	190.0	35.5
Net Cash Provided By (Used In) Investing Activities	(1,058.7)	79.1	(380.9)
Cash Flows from Financing Activities:
Proceeds from borrowings	1,235.5	—	—
Repayment of debt	(750.0)	—	—
Change in short-term debt	12.6	(8.7)	8.9
Dividends paid to common shareholders	(552.7)	(562.7)	(581.1)
Repurchases of common stock	(370.7)	(570.8)	(611.4)
Proceeds from stock plans	102.1	35.6	17.4
Acquisition of additional noncontrolling interests	(53.6)	(87.6)	(20.8)
Dividends paid to noncontrolling interest shareholders	(85.4)	(70.9)	(79.5)
Payment of contingent purchase price obligations	(42.4)	(67.7)	(32.6)
Other, net	(77.4)	(55.0)	(62.9)
Net Cash Used In Financing Activities	(582.0)	(1,387.8)	(1,362.0)
Effect of foreign exchange rate changes on cash and cash equivalents	(185.4)	37.0	(218.6)
Net Increase (Decrease) in Cash and Cash Equivalents	(92.6)	150.2	(1,035.0)
Cash and Cash Equivalents at the Beginning of Year	4,432.0	4,281.8	5,316.8
Cash and Cash Equivalents at the End of Year	$4,339.4	$4,432.0	$4,281.8

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.