XML 16 R2.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 466,634 $ 228,097 $ 857,436 $ 574,970
Operating expenses:        
Cost of services 324,782 149,011 558,856 373,064
Office and general expenses 121,770 42,666 226,720 127,181
Depreciation and amortization 24,790 9,974 46,122 29,838
Impairment and other losses 14,926 0 14,926 0
Costs and Expenses, Total 486,268 201,651 846,624 530,083
Operating income (loss) (19,634) 26,446 10,812 44,887
Other income (expense):        
Interest expense, net (11,912) (1,778) (15,197) (4,665)
Foreign exchange, net (893) (856) (1,955) 794
Gain on sale of business and other, net 45,621 263 46,806 948
Nonoperating Income (Expense), Total 32,816 (2,371) 29,654 (2,923)
Income before income taxes and equity in earnings of non-consolidated affiliates 13,182 24,075 40,466 41,964
Income tax expense 5,183 2,618 9,205 3,211
Income before equity in earnings of non-consolidated affiliates 7,999 21,457 31,261 38,753
Equity in losses (income) of non-consolidated affiliates (76) (35) (75) 7
Net income 7,923 21,422 31,186 38,760
Net income attributable to noncontrolling and redeemable noncontrolling interests (9,994) (3,614) (10,987) (4,636)
Net income (loss) attributable to Stagwell Inc. common shareholders $ (2,071) $ 17,808 $ 20,199 $ 34,124
Basic and diluted        
Earnings per share, basic $ (0.06)   $ (0.06)  
Earnings per share, diluted $ (0.06)   $ (0.06)  
Weighted Average Number of Common Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic 76,105,807   76,105,807  
Diluted weighted average number of common shares outstanding (in shares) 76,105,807   76,105,807