UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 33,622	$ 4,603
Adjustments to reconcile net income to cash (used in) provided by operating activities:
Stock-based compensation	8,021	0
Depreciation and amortization	31,204	10,950
Impairment and other losses	557	0
Provision for bad debt expense	879	255
Deferred income taxes	(1,350)	(181)
Adjustment to deferred acquisition consideration	1,897	3,918
Transaction costs contributed by Stagwell Media LP	0	3,188
Other	(3,526)	(436)
Changes in working capital:
Accounts receivable	(70,039)	59,536
Expenditures billable to clients	11,996	(5,387)
Other assets	(6,100)	(1,134)
Accounts payable	(32,386)	(69,133)
Accruals and other liabilities	(5,592)	(1,411)
Advance billings	(17,760)	1,003
Net cash (used in) provided by operating activities	(48,577)	5,771
Cash flows from investing activities:
Capital expenditures	(6,538)	(3,311)
Acquisitions, net of cash acquired	(935)	0
Other	(816)	0
Net cash used in investing activities	(8,289)	(3,311)
Repayment of borrowings under revolving credit facility
Repayment of borrowings under revolving credit facility	(209,500)	(25,248)
Proceeds from borrowings under revolving credit facility	239,000	10,000
Shares acquired and cancelled	14,926	0
Distributions to noncontrolling interests and other	(6,464)	0
Payment of deferred consideration	(1,581)	0
Distributions	0	(25,894)
Net cash provided by (used in) financing activities	6,529	(41,142)
Effect of exchange rate changes on cash and cash equivalents	1,481	9
Net decrease in cash and cash equivalents	(48,856)	(38,673)
Cash and cash equivalents at beginning of period	184,009	92,457
Cash and cash equivalents at end of period	135,153	53,784
Supplemental disclosures:
Cash income taxes paid	6,623	2,361
Cash interest paid	30,798	928
Non-cash investing and financing activities:
Tax receivables agreement liability	20,846	0
Tax receivables deferred tax liability	24,500	0
Non-cash contributions	0	10,268
Non-cash distributions to Stagwell Media LP	0	(13,000)
Non-cash payment of deferred acquisition consideration	$ 0	$ (7,080)