XML 26 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 106,933 $ 30,873
Accounts receivable, less allowance for doubtful accounts of $3,304 and $1,879 450,403 395,200
Expenditures billable to clients 30,133 42,369
Assets held for sale 0 78,913
Other current assets 35,613 42,499
Total Current Assets 623,082 589,854
Fixed assets, at cost, less accumulated depreciation of $129,579 and $128,546 81,054 88,189
Right-of-use assets - operating leases 223,622 0
Investments in non-consolidated affiliates 6,161 6,556
Goodwill 740,674 740,955
Other intangible assets, net 54,893 67,765
Deferred tax assets 85,988 92,741
Other assets 24,018 25,513
Total Assets 1,839,492 1,611,573
Current Liabilities:    
Accounts payable 200,148 221,995
Accruals and other liabilities 353,575 313,141
Liabilities held for sale 0 35,967
Advance billings 171,742 138,505
Current portion of lease liabilities - operating leases 48,659 0
Current portion of deferred acquisition consideration 45,521 32,928
Total Current Liabilities 819,645 742,536
Long-term debt 887,630 954,107
Long-term portion of deferred acquisition consideration 29,699 50,767
Long-term lease liabilities - operating leases 219,163 0
Other liabilities 21,584 54,255
Deferred tax liabilities 4,187 5,329
Total Liabilities 1,981,908 1,806,994
Redeemable Noncontrolling Interests 36,973 51,546
Shareholders’ Deficit:    
Convertible preference shares, 145,000 authorized, issued and outstanding at December 31, 2019 and 95,000 at December 31, 2018 152,746 90,123
Common stock and other paid-in capital 101,469 58,579
Accumulated deficit (469,593) (464,903)
Accumulated other comprehensive (loss) income (4,269) 4,720
MDC Partners Inc. Shareholders' Deficit (219,647) (311,481)
Noncontrolling interests 40,258 64,514
Total Shareholders' Deficit (179,389) (246,967)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit $ 1,839,492 $ 1,611,573