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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 85,483 $ 106,933
Accounts receivable, less allowance for doubtful accounts of $1,875 and $3,304 359,306 449,288
Expenditures billable to clients 19,426 30,133
Other current assets 66,318 35,613
Total Current Assets 530,533 621,967
Fixed assets, at cost, less accumulated depreciation of $134,529 and $129,579 70,787 81,054
Right of use assets - operating leases 238,230 223,622
Goodwill 706,946 731,691
Other intangible assets, net 48,904 54,893
Deferred tax assets 82,696 84,900
Other assets 27,356 30,179
Total Assets 1,705,452 1,828,306
Current Liabilities:    
Accounts payable 148,349 200,148
Accruals and other liabilities 264,572 353,575
Advance billings 136,196 171,742
Current portion of lease liabilities - operating leases 38,377 48,659
Current portion of deferred acquisition consideration 36,655 45,521
Total Current Liabilities 624,149 819,645
Long-term debt 922,537 887,630
Long-term portion of deferred acquisition consideration 2,597 29,699
Long-term lease liabilities - operating leases 267,559 219,163
Other liabilities 36,503 25,771
Total Liabilities 1,853,345 1,981,908
Redeemable Noncontrolling Interests 36,710 36,973
Commitments, Contingencies, and Guarantees (Note 9)
Shareholders’ Deficit:    
Convertible preference shares, 145,000 authorized, issued and outstanding at June 30, 2020 and December 31, 2019 152,746 152,746
Common stock and other paid-in capital 98,234 101,469
Accumulated deficit (480,368) (480,779)
Accumulated other comprehensive loss (income) 4,627 (4,269)
MDC Partners Inc. Shareholders' Deficit (224,761) (230,833)
Noncontrolling interests 40,158 40,258
Total Shareholders' Deficit (184,603) (190,575)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit $ 1,705,452 $ 1,828,306