XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 108,280 $ 60,757
Accounts receivable, less allowance for doubtful accounts of $3,656 and $5,473 426,841 374,892
Expenditures billable to clients 16,793 10,552
Other current assets 31,312 40,938
Total Current Assets 583,226 487,139
Fixed assets, at cost, less accumulated depreciation of $134,019 and $136,166 81,191 90,413
Right-of-use lease assets - operating leases 198,556 214,188
Goodwill 671,542 668,211
Other intangible assets, net 29,405 33,844
Other assets 23,258 17,517
Total Assets 1,587,178 1,511,312
Current Liabilities    
Accounts payable 158,136 168,396
Accruals and other liabilities 250,070 274,968
Current portion of lease liabilities - operating leases 41,400 41,208
Current portion of deferred acquisition consideration 59,612 53,730
Total Current Liabilities 720,466 691,258
Long-term debt 935,072 843,184
Long-term portion of deferred acquisition consideration 8,056 29,335
Long-term lease liabilities - operating leases 231,811 247,243
Other liabilities 74,826 82,065
Total Liabilities 1,970,231 1,893,085
Redeemable Noncontrolling Interests 24,639 27,137
Commitments, Contingencies and Guarantees (Note 9)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Convertible preference shares, 145,000 authorized, issued and outstanding at June 30, 2021 and December 31, 2020 152,746 152,746
Common stock and other paid-in capital 97,783 104,367
Accumulated deficit (698,635) (709,751)
Accumulated other comprehensive income 39 2,739
MDC Partners Inc. Shareholders' Deficit (448,067) (449,899)
Noncontrolling interests 40,375 40,989
Total Shareholders' Deficit (407,692) (408,910)
Liabilities and Equity, Total $ 1,587,178 $ 1,511,312