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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 60,757 $ 106,933
Accounts receivable, less allowance for doubtful accounts of $5,473 and $3,304 374,892 449,288
Expenditures billable to clients 10,552 30,133
Other current assets 40,939 35,613
Total Current Assets 487,140 621,967
Fixed assets, at cost, less accumulated depreciation of $136,166 and $129,579 90,413 81,054
Right-of-use assets - operating leases 214,188 223,622
Goodwill 668,211 731,691
Other intangible assets, net 33,844 54,893
Deferred tax assets 179 84,900
Other assets 17,339 30,179
Total Assets 1,511,314 1,828,306
Current Liabilities:    
Accounts payable 168,398 200,148
Accruals and other liabilities 274,968 353,575
Advance billings 112,755 216,931
Current portion of lease liabilities - operating leases 41,208 48,659
Current portion of deferred acquisition consideration 53,730 45,521
Total Current Liabilities 691,260 819,645
Long-term debt 843,184 887,630
Long-term portion of deferred acquisition consideration 29,335 29,699
Long-term lease liabilities - operating leases 247,243 219,163
Other liabilities 82,065 25,771
Total Liabilities 1,893,087 1,981,908
Redeemable Noncontrolling Interests 27,137 36,973
Commitments and Contingencies
Shareholders’ Deficit:    
Convertible preference shares, 145,000 authorized, issued and outstanding at December 31, 2020 and 2019 152,746 152,746
Common stock and other paid-in capital 104,367 101,469
Accumulated deficit (709,751) (480,779)
Accumulated other comprehensive income (loss) 2,739 (4,269)
MDC Partners Inc. Shareholders' Deficit (449,899) (230,833)
Noncontrolling interests 40,989 40,258
Total Shareholders' Deficit (408,910) (190,575)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit 1,511,314 1,828,306
Advance Billings [Member]    
Current Liabilities:    
Advance billings $ 152,956 $ 171,742