XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 135,153 $ 184,009
Accounts receivable, net 767,147 696,937
Expenditures billable to clients 51,069 63,065
Other current assets 69,009 61,830
Total Current Assets 1,022,378 1,005,841
Fixed assets, net 118,542 118,603
Right-of-use lease assets - operating leases 311,028 311,654
Goodwill 1,651,475 1,652,723
Other intangible assets, net 914,829 937,695
Other assets 33,581 29,064
Total Assets 4,051,833 4,055,580
Current Liabilities    
Accounts payable 248,619 271,769
Accrued media 284,735 237,794
Accruals and other liabilities 224,945 272,533
Advance billings 344,125 361,885
Current portion of lease liabilities - operating leases 70,356 72,255
Current portion of deferred acquisition consideration 75,619 77,946
Total Current Liabilities 1,248,399 1,294,182
Long-term debt 1,222,041 1,191,601
Long-term portion of deferred acquisition consideration 148,649 144,423
Long-term lease liabilities - operating leases 339,168 342,730
Deferred tax liabilities, net 78,401 103,093
Other liabilities 73,097 57,147
Total Liabilities 3,109,755 3,133,176
Redeemable Noncontrolling Interests 44,233 43,364
Commitments and Contingencies
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Paid-in capital 373,300 382,893
Retained earnings 6,668 (6,982)
Accumulated other comprehensive loss (10,625) (5,278)
Stagwell Inc. Shareholders' Equity 369,480 370,753
Noncontrolling interests 528,365 508,287
Total Shareholders' Equity 897,845 879,040
Liabilities and Equity, Total 4,051,833 4,055,580
Common Class A and Common Class B    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Common shares 135 118
Common Class C    
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Common shares $ 2 $ 2