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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 30,873 $ 46,179
Cash held in trusts 0 4,632
Accounts receivable, less allowance for doubtful accounts of $1,879 and $2,453 395,200 434,072
Assets held for sale 78,913 0
Expenditures billable to clients 42,369 31,146
Other current assets 42,499 26,742
Total Current Assets 589,854 542,771
Fixed assets, at cost, less accumulated depreciation of $128,546 and $123,599 88,189 90,306
Investment in non-consolidated affiliates 6,556 6,307
Goodwill 740,955 835,935
Other intangible assets, net, less accumulated amortization of $161,868 and $173,546 67,765 70,605
Deferred tax assets 92,741 115,325
Other assets 25,513 37,643
Total Assets 1,611,573 1,698,892
Current Liabilities:    
Accounts payable 221,995 244,527
Trust liability 0 4,632
Accruals and other liabilities 312,785 327,812
Liabilities held for sale 35,967 0
Advance billings 138,505 148,133
Current portion of long-term debt 356 313
Current portion of deferred acquisition consideration 32,928 50,213
Total Current Liabilities 742,536 775,630
Long-term debt, less current portion 954,229 882,806
Long-term portion of deferred acquisition consideration 50,767 72,213
Other liabilities 54,133 54,110
Deferred tax liabilities 5,329 6,760
Total Liabilities 1,806,994 1,791,519
Redeemable Noncontrolling Interests 51,546 62,886
Commitments, Contingencies and Guarantees (See Note 18)
Shareholders’ Deficit:    
Convertible preference shares, 95,000 authorized, issued and outstanding at December 31, 2018 and 2017 90,123 90,220
Common stock and other paid in capital 58,579 38,191
Accumulated deficit (464,903) (340,000)
Accumulated other comprehensive loss 4,720 (1,954)
MDC Partners Inc. Shareholders’ Deficit (311,481) (213,543)
Noncontrolling Interests 64,514 58,030
Total Shareholders’ Deficit (246,967) (155,513)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders’ Deficit $ 1,611,573 $ 1,698,892