CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 35,920	$ 71,461
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Stock-based compensation	75,032	0
Depreciation and amortization	77,503	41,025
Impairment and other losses	16,240	0
Provision for bad debt	2,031	6,222
Deferred income taxes	(3,818)	(5,463)
Adjustment to deferred acquisition consideration	18,721	4,520
Interest from preferred investments	0	(600)
Equity in losses of unconsolidated affiliates, net of dividends received	0	(58)
Transaction costs contributed by Stagwell Media LP	0	10,160
Foreign currency translation loss on foreign denominated debt	0	721
Other	(1,463)	1,329
Gain on sale of business	(43,440)	0
Changes in working capital:
Accounts receivable	(30,784)	(26,805)
Expenditures billable to clients	(35,371)	10,078
Other assets	3,997	(10,461)
Accounts payable	(46,356)	5,606
Accruals and other liabilities	61,974	22,922
Advance billings	76,021	7,423
Deferred acquisition related payments	(5,351)	0
Net cash provided by operating activities	200,856	138,080
Cash flows from investing activities:
Capital expenditures	(22,626)	(12,099)
Proceeds from sale of business, net	37,232	0
Acquisitions, net of cash acquired	150,346	(14,732)
Other	(1,000)	(2,190)
Net cash provided by (used in) investing activities	163,952	(29,021)
Repayment of borrowings under revolving credit facility and term loan
Repayment of borrowings under revolving credit facility and term loan	(719,088)	(126,994)
Proceeds from borrowings under revolving credit facility	516,669	167,000
Shares acquired and cancelled	(841)	0
Payment of deferred consideration and other	0	(1,000)
Contributions	0	1,554
Proceeds from issuance of the 5.625% Notes	1,100,000	0
Purchase of noncontrolling interest	(37,500)	(1,559)
Debt issuance costs	(15,053)	(3,099)
Payment of contingent consideration	0	(500)
Distributions	(233,203)	(115,543)
Repurchase of 7.50% Senior Notes	(884,398)	0
Net cash used in financing activities	(273,414)	(80,141)
Effect of exchange rate changes on cash and cash equivalents	158	(321)
Net increase in cash and cash equivalents	91,552	28,597
Cash and cash equivalents at beginning of period	92,457	63,860
Cash and cash equivalents at end of period	184,009	92,457
Supplemental disclosures:
Cash income taxes paid	58,578	10,714
Cash interest paid	23,528	9,287
Non-cash investing and financing activities:
Acquisitions of business	425,752	23,720
Acquisitions of noncontrolling interest	170,266	0
Issuance of redeemable noncontrolling interest	27,280	0
Net unrealized gain on available for sale investment	0	5,156
Non-cash contributions	12,372	93,880
Non-cash distributions to Stagwell Media LP	13,000	0
Non-cash payment of deferred acquisition consideration	7,080	64,345
Conversion of preferred shares	$ 209,947	$ 0