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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 37,075 $ 106,933
Accounts receivable, less allowance for doubtful accounts of $3,703 and $3,304 403,636 449,288
Expenditures billable to clients 21,884 30,133
Other current assets 67,585 35,613
Total Current Assets 530,180 621,967
Fixed assets, at cost, less accumulated depreciation of $138,859 and $129,579 87,908 81,054
Right of use assets - operating leases 227,362 223,622
Goodwill 710,013 731,691
Other intangible assets, net 46,600 54,893
Deferred tax assets 82,576 84,900
Other assets 21,493 30,179
Total Assets 1,706,132 1,828,306
Current Liabilities:    
Accounts payable 128,643 200,148
Accruals and other liabilities 323,414 353,575
Advance billings 157,101 171,742
Current portion of lease liabilities - operating leases 40,038 48,659
Current portion of deferred acquisition consideration 39,321 45,521
Total Current Liabilities 688,517 819,645
Long-term debt 860,422 887,630
Long-term portion of deferred acquisition consideration 6,824 29,699
Long-term lease liabilities - operating leases 257,107 219,163
Other liabilities 38,439 25,771
Total Liabilities 1,851,309 1,981,908
Redeemable Noncontrolling Interests 25,172 36,973
Commitments, Contingencies, and Guarantees (Note 9)
Shareholders’ Deficit:    
Convertible preference shares, 145,000 authorized, issued and outstanding at September 30, 2020 and December 31, 2019 152,746 152,746
Common stock and other paid-in capital 106,037 101,469
Accumulated deficit (476,293) (480,779)
Accumulated other comprehensive loss (income) 6,768 (4,269)
MDC Partners Inc. Shareholders' Deficit (210,742) (230,833)
Noncontrolling interests 40,393 40,258
Total Shareholders' Deficit (170,349) (190,575)
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit $ 1,706,132 $ 1,828,306