01—Abstract
Summary
Summary of the 10-K/A filed February 24, 2011. Cited figures are marked; the original filing is the authoritative source.
Omnicom Group Inc. filed this Amendment No. 1 to its Form 10-K for the fiscal year ended December 31, 2010, dated February 24, 2011.
The stated purpose of the amendment is to furnish Exhibit 101, the Interactive Data File (XBRL Exhibit). The company says the original Form 10-K, filed with the SEC on February 23, 2011, could not be accepted because of formatting issues related to underlines in the interactive data file. The filing states that no other changes were made to the Form 10-K and that the amendment does not reflect subsequent events or update any disclosures in the original report.
The cover page sets out the basic equity data. The aggregate market value of common stock held by non-affiliates was $10,317,000,000a as of June 30, 2010. As of February 15, 2011, 284,035,000 shares of common stock, $.15 par value, were outstanding.
The company is a large accelerated filer and a well-known seasoned issuer, and its common stock is registered on the New York Stock Exchange. For investors, the practical content of this filing is the XBRL data file. Certain portions of the definitive proxy statement for the annual meeting of shareholders scheduled for May 24, 2011 are incorporated by reference into Part III of the report.
02—Key points
Key Highlights
- Filing type: Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2010, dated February 24, 2011.
- Purpose: furnishes Exhibit 101, the Interactive Data File (XBRL Exhibit), which the SEC did not accept with the original February 23, 2011 filing due to underline formatting issues.
- No other changes: the filing states that nothing else in the Form 10-K was modified and that no subsequent events are reflected.
- Non-affiliate market value: $10,317,000,000 of common stock held by non-affiliates as of June 30, 2010.
- Shares outstanding: 284,035,000 shares of common stock, $.15 par value, as of February 15, 2011.
- Listing and status: common stock registered on the New York Stock Exchange; the company is a large accelerated filer and a well-known seasoned issuer.
- Proxy incorporation: portions of the proxy statement for the May 24, 2011 annual shareholders meeting are incorporated by reference into Part III.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-K/AFY2010filed February 24, 2011Financial Statements
FY2010 against FY2009
| Line item | FY2010FY2009 | Change |
|---|---|---|
| Revenue | $12.54B$11.72B | +7.0% |
| Operating Expenses | $11.08B$10.35B | +7.1% |
| Operating Income | $1.46B$1.37B | +6.2% |
| Interest Expense | $134.70M$122.20M | +10.2% |
| Net Income | $827.70M$793.00M | +4.4% |
| EPS (Basic) | $2.74$2.54 | +7.9% |
| EPS (Diluted) | $2.70$2.53 | +6.7% |
| Shares Outstanding (Basic) | 299.60M308.20M | −2.8% |
| Shares Outstanding (Diluted) | 303.50M310.40M | −2.2% |
05—Questions
Frequently Asked Questions
Why was this amendment filed?
According to the explanatory note, the amendment furnishes Exhibit 101, the Interactive Data File (XBRL Exhibit). The SEC did not accept the exhibit when it was submitted with the original Form 10-K on February 23, 2011, because of formatting issues related to underlines in the file.
Did the company change any other information in its 2010 annual report with this amendment?
No. The filing states that no other changes were made to the Form 10-K beyond furnishing the XBRL exhibit, and that the amendment does not reflect subsequent events or update any disclosures in the original report.
What was the market value of Omnicom's common stock held by non-affiliates?
The aggregate market value of voting and non-voting common stock held by non-affiliates was $10,317,000,000 as of June 30, 2010.
How many Omnicom shares were outstanding in February 2011?
As of February 15, 2011, there were 284,035,000 shares of Omnicom common stock, $.15 par value, outstanding.
Where can investors find information on executive compensation and governance for the 2011 annual meeting?
Certain portions of the definitive proxy statement for the annual meeting of shareholders scheduled for May 24, 2011 are incorporated by reference into Part III of the report.
06—Continue