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v3.21.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Revenue: | (Dollars in Thousands)
Integrated Networks - Group A | $ | 102,386 |  |  | $ | 90,621 |  |  |  |  |
Integrated Networks - Group B | 111,151 |  |  | 117,707 |  |  |  |  |
Media & Data Network | 36,783 |  |  | 41,058 |  |  |  |  |
All Other | 57,265 |  |  | 78,356 |  |  |  |  |
Total | $ | 307,585 |  |  | $ | 327,742 |  |  |  |  |
Adjusted EBITDA: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | 22,462 |  |  | $ | 16,301 |  |  |  |  |
Integrated Networks - Group B | 25,869 |  |  | 17,136 |  |  |  |  |
Media & Data Network | 5,081 |  |  | 1,787 |  |  |  |  |
All Other | 6,042 |  |  | 9,904 |  |  |  |  |
Corporate | (7,520) |  |  | (5,562) |  |  |  |  |
Total Adjusted EBITDA | $ | 51,934 |  |  | $ | 39,566 |  |  |  |  |
Depreciation and amortization | $ | (8,176) |  |  | $ | (9,206) |  |  |  |  |
Impairment and other losses | (875) |  |  | (161) |  |  |  |  |
Stock-based compensation | 1,963 |  |  | (3,070) |  |  |  |  |
Deferred acquisition consideration | (11,685) |  |  | 4,600 |  |  |  |  |
Distributions from non-consolidated affiliates | (9) |  |  | 14 |  |  |  |  |
Other items, net | (5,485) |  |  | (2,416) |  |  |  |  |
Total Operating Income | $ | 27,667 |  |  | $ | 29,327 |  |  |  |  |
Other Income (expenses): |  |  |  |  |  |  |
Interest expense and finance charges, net | $ | (19,065) |  |  | $ | (15,611) |  |  |  |  |
Foreign exchange gain (loss) | 2,080 |  |  | (14,757) |  |  |  |  |
Other, net | 614 |  |  | 16,334 |  |  |  |  |
Income before income taxes and equity in earnings of non-consolidated affiliates | 11,296 |  |  | 15,293 |  |  |  |  |
Income tax expense | 1,302 |  |  | 13,500 |  |  |  |  |
Income before equity in earnings of non-consolidated affiliates | 9,994 |  |  | 1,793 |  |  |  |  |
Equity in losses of non-consolidated affiliates | (493) |  |  | — |  |  |  |  |
Net income | 9,501 |  |  | 1,793 |  |  |  |  |
Net income attributable to the noncontrolling interest | (4,491) |  |  | (791) |  |  |  |  |
Net income attributable to MDC Partners Inc. | 5,010 |  |  | 1,002 |  |  |  |  |
Accretion on and net income allocated to convertible preference shares | (4,089) |  |  | (3,440) |  |  |  |  |
Net income (loss) attributable to MDC Partners Inc. common shareholders | $ | 921 |  |  | $ | (2,438) |  |  |  |  |
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Depreciation and amortization: | (Dollars in Thousands)
Integrated Networks - Group A | $ | 1,294 |  |  | $ | 1,741 |  |  |  |  |
Integrated Networks - Group B | 3,657 |  |  | 4,526 |  |  |  |  |
Media & Data Network | 472 |  |  | 808 |  |  |  |  |
All Other | 1,537 |  |  | 1,899 |  |  |  |  |
Corporate | 1,216 |  |  | 232 |  |  |  |  |
Total | $ | 8,176 |  |  | $ | 9,206 |  |  |  |  |
Stock-based compensation: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | (3,628) |  |  | $ | 1,961 |  |  |  |  |
Integrated Networks - Group B | 953 |  |  | 900 |  |  |  |  |
Media & Data Network | 21 |  |  | (13) |  |  |  |  |
All Other | 61 |  |  | 80 |  |  |  |  |
Corporate | 630 |  |  | 142 |  |  |  |  |
Total | $ | (1,963) |  |  | $ | 3,070 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
Integrated Networks - Group A | $ | 275 |  |  | $ | 358 |  |  |  |  |
Integrated Networks - Group B | 213 |  |  | 477 |  |  |  |  |
Media & Data Network | 64 |  |  | 85 |  |  |  |  |
All Other | 134 |  |  | 324 |  |  |  |  |
Corporate | (170) |  |  | 302 |  |  |  |  |
Total | $ | 516 |  |  | $ | 1,546 |  |  |  |  |

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