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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Current Assets:      
Cash and cash equivalents $ 221,102 $ 106,933  
Accounts receivable, less allowance for doubtful accounts of $2,111 and $3,304 407,311 450,403  
Expenditures billable to clients 22,763 30,133  
Other current assets 44,689 35,613  
Total Current Assets 695,865 623,082  
Fixed assets, at cost, less accumulated depreciation of $132,174 and $129,579 75,767 81,054  
Right-of-use assets - operating leases 216,194 223,622  
Goodwill 725,390 740,674  
Other intangible assets, net 50,640 54,893  
Deferred tax assets 77,378 85,988  
Other assets 29,622 30,179  
Total Assets 1,870,856 1,839,492  
Current Liabilities:      
Accounts payable 153,491 200,148  
Accruals and other liabilities 325,826 353,575  
Advance billings 146,803 171,742  
Current portion of lease liabilities - operating leases 48,022 48,659  
Current portion of deferred acquisition consideration 46,337 45,521  
Total Current Liabilities 720,479 819,645  
Long-term debt 1,014,260 887,630  
Long-term portion of deferred acquisition consideration 26,399 29,699  
Long-term lease liabilities - operating leases 211,254 219,163  
Other liabilities 35,523 25,771  
Total Liabilities 2,007,915 1,981,908  
Redeemable Noncontrolling Interests 35,698 36,973  
Commitments, Contingencies, and Guarantees (Note 9)  
Shareholders’ Deficit:      
Convertible preference shares, 145,000 authorized, issued and outstanding at March 31, 2020 and December 31, 2019 152,746 152,746  
Common stock and other paid-in capital 99,587 101,469  
Accumulated deficit (468,508) (469,593)  
Accumulated other comprehensive (loss) income 3,669 (4,269)  
MDC Partners Inc. Shareholders' Deficit (212,506) (219,647)  
Noncontrolling interests 39,749 40,258  
Total Shareholders' Deficit (172,757) (179,389) $ (174,273)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit $ 1,870,856 $ 1,839,492