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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 65,842 $ 35,920 $ 71,461
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Stock-based compensation 33,152 75,032  
Depreciation and amortization 131,273 77,503 41,025
Impairment and other losses 122,179 16,240 0
Provision for bad debt expense 7,755 2,031 6,222
Deferred income taxes (18,319) (3,818) (5,463)
Adjustment to deferred acquisition consideration (13,405) 18,721 4,520
Gain on sale of asset 0 (43,440)  
Interest from preferred investments 0 0 (600)
Transaction costs contributed by Stagwell Media LP 0 0 10,160
Foreign currency translation loss on foreign denominated debt 0 0 721
Other, net (5,692) (1,463) 1,271
Changes in working capital:      
Accounts receivable 37,780 (30,784) (26,805)
Expenditures billable to clients (32,366) (35,371) 10,078
Other assets 1,179 3,997 (10,461)
Accounts payable 98,871 (46,356) 5,606
Accrued expenses and other liabilities (42,808) 61,974 22,922
Advance billings (27,062) 76,021 7,423
Deferred acquisition related payments (10,793) (5,351)  
Net Cash Provided by (Used in) Operating Activities, Total 347,586 200,856 138,080
Cash flows from investing activities:      
Capital expenditures (22,663) (8,797) (4,690)
Current period acquisitions, net of cash acquired (74,234) 150,346 (14,732)
Proceeds from sale of business, net 0 37,232  
Capitalized software and other (19,378) (14,829) (9,599)
Net Cash Provided by (Used in) Investing Activities, Total (116,275) 163,952 (29,021)
Repayment of borrowings under revolving credit facility      
Repayment of borrowings under revolving credit facility (1,266,000) (719,088) (126,994)
Proceeds from borrowings under revolving credit facility 1,255,500 516,669 167,000
Shares acquired and cancelled 18,729 841 0
Distributions to noncontrolling interests and other (39,197) 0 0
Payment of deferred consideration (63,170) 0 (1,000)
Contributions 0 0 1,554
Purchase of noncontrolling interest 3,600 37,500 1,559
Proceeds from issuance of the 5.625% Notes 0 1,100,000 0
Debt issuance costs 0 (15,053) (3,099)
Payment of deferred consideration 0 0 500
Distributions 0 (233,203) (115,543)
Repurchase of 7.50% Senior Notes 0 (884,398) 0
Repurchase of Common Stock (51,540) 0 0
Net Cash Provided by (Used in) Financing Activities, Total (186,736) (273,414) (80,141)
Effect of exchange rate changes on cash and cash equivalents (7,995) 158 (321)
Net increase in cash and cash equivalents 36,580 91,552 28,597
Cash and cash equivalents at beginning of period 184,009 92,457 63,860
Cash and cash equivalents at end of period 220,589 184,009 92,457
Supplemental Cash Flow Information:      
Cash income taxes paid 46,275 58,578 10,714
Cash interest paid 70,935 23,528 9,287
Non-cash investing and financing activities:      
Acquisitions of business 1,178 425,752 23,720
Acquisitions of noncontrolling interest 1,000 170,266  
Issuance of Redeemable Noncontrolling Interest   27,820  
Net unrealized gain on available for sale investment 0 0 5,156
Establishment of a deferred tax asset related to the exchange 32,890 0  
Establishment of Tax Receivables Agreement liability 28,694 0  
Non-cash contributions 0 12,372 93,880
Non-cash distributions to Stagwell Media LP 0 13,000  
Non-cash payment of deferred acquisition consideration $ 989 7,080 $ 64,345
Conversion of preferred shares   $ 209,947