XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
| (dollars in thousands) |  |
Revenue: |
Integrated Agencies Network | $ | 354,341 |  |  | $ | 377,176 |  |  | $ | 684,133 |  |  | $ | 725,927 |  |  |
Brand Performance Network | 188,028 |  |  | 194,296 |  |  | 401,368 |  |  | 392,083 |  |  |
Communications Network | 81,296 |  |  | 98,762 |  |  | 147,756 |  |  | 192,017 |  |  |
All Other | 8,600 |  |  | 2,679 |  |  | 21,452 |  |  | 5,789 |  |  |
Total Revenue | $ | 632,265 |  |  | $ | 672,913 |  |  | $ | 1,254,709 |  |  | $ | 1,315,816 |  |  |
Adjusted EBITDA: |  |  |  |  |  |  |  |  |
Integrated Agencies Network | $ | 74,815 |  |  | $ | 70,376 |  |  | $ | 134,200 |  |  | $ | 139,264 |  |  |
Brand Performance Network | 20,773 |  |  | 33,699 |  |  | 44,194 |  |  | 64,947 |  |  |
Communications Network | 14,447 |  |  | 17,162 |  |  | 18,460 |  |  | 33,600 |  |  |
All Other | (2,356) |  |  | (485) |  |  | (6,161) |  |  | (609) |  |  |
Corporate | (16,511) |  |  | (9,433) |  |  | (27,303) |  |  | (24,471) |  |  |
Total Adjusted EBITDA | $ | 91,168 |  |  | $ | 111,319 |  |  | $ | 163,390 |  |  | $ | 212,731 |  |  |
Depreciation and amortization | $ | (35,488) |  |  | $ | (32,231) |  |  | $ | (68,965) |  |  | $ | (63,435) |  |  |
Impairment and other losses | (10,562) |  |  | (2,266) |  |  | (10,562) |  |  | (2,823) |  |  |
Stock-based compensation | (10,546) |  |  | (13,131) |  |  | (22,550) |  |  | (21,152) |  |  |
Deferred acquisition consideration | (392) |  |  | (13,472) |  |  | (4,480) |  |  | (15,369) |  |  |
Other items, net | (12,918) |  |  | (1,887) |  |  | (19,338) |  |  | (6,960) |  |  |
Total Operating Income | $ | 21,262 |  |  | $ | 48,332 |  |  | $ | 37,495 |  |  | $ | 102,992 |  |  |
Other Income (expenses): |  |  |  |  |  |  |  |  |
Interest expense, net | $ | (23,680) |  |  | $ | (18,151) |  |  | $ | (41,869) |  |  | $ | (36,880) |  |  |
Foreign exchange, net | (1,478) |  |  | 70 |  |  | (2,148) |  |  | (236) |  |  |
Other, net | (416) |  |  | (121) |  |  | (196) |  |  | 35 |  |  |
Income (loss) before income taxes and equity in earnings of non-consolidated affiliates | (4,312) |  |  | 30,130 |  |  | (6,718) |  |  | 65,911 |  |  |
Income tax expense | 5,717 |  |  | 5,421 |  |  | 8,101 |  |  | 8,610 |  |  |
Income (loss) before equity in earnings of non-consolidated affiliates | (10,029) |  |  | 24,709 |  |  | (14,819) |  |  | 57,301 |  |  |
Equity in income (loss) of non-consolidated affiliates | (216) |  |  | (190) |  |  | (443) |  |  | 840 |  |  |
Net income (loss) | (10,245) |  |  | 24,519 |  |  | (15,262) |  |  | 58,141 |  |  |
Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests | 5,552 |  |  | (14,056) |  |  | 11,012 |  |  | (35,003) |  |  |
Net income (loss) attributable to Stagwell Inc. common shareholders | $ | (4,693) |  |  | $ | 10,463 |  |  | $ | (4,250) |  |  | $ | 23,138 |  |  |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration