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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
$ in Thousands
Sep. 30, 2019
USD ($)
Current Assets:  
Cash and cash equivalents $ 27,280
Accounts receivable, less allowance for doubtful accounts of $2,728 and $1,879 411,805
Expenditures billable to clients 38,652
Assets held for sale 0
Other current assets 35,939
Total Current Assets 513,676
Fixed assets, at cost, less accumulated depreciation of $147,342 and $128,546 82,946
Right-of-use assets - operating leases 234,137
Investments in non-consolidated affiliates 6,824
Goodwill 740,955
Other intangible assets, net of accumulated amortization of $171,941 and $161,868 56,734
Deferred tax assets 92,439
Other assets 24,018
Total Assets 1,751,729
Current Liabilities:  
Accounts payable 178,946
Accruals and other liabilities 280,783
Liabilities held for sale 0
Advance billings 169,857
Current portion of lease liabilities - operating leases 47,722
Current portion of deferred acquisition consideration 31,579
Total Current Liabilities 708,887
Long-term debt 895,379
Long-term portion of deferred acquisition consideration 24,611
Long-term lease liabilities - operating leases 230,209
Other liabilities 17,933
Deferred tax liabilities 7,486
Total Liabilities 1,884,505
Redeemable Noncontrolling Interests 41,519
Shareholders’ Deficit:  
Convertible preference shares, 145,000 authorized, issued and outstanding at September 30, 2019 and 95,000 at December 31, 2018 152,746
Common stock and other paid-in capital 98,364
Accumulated deficit (462,483)
Accumulated other comprehensive (loss) income (2,878)
MDC Partners Inc. Shareholders' Deficit (214,251)
Noncontrolling interests 39,956
Total Shareholders' Deficit (174,295)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit $ 1,751,729