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AUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest $ 25,044 $ 41,642 $ 50,044
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Stock-based compensation 52,161 57,179 33,152
Depreciation and amortization 151,652 142,831 131,273
Operating Lease, Right-of-Use Asset, Amortization Expense 75,117 76,653 77,368
Impairment and other losses 1,715 11,395 122,179
Deferred income taxes (10,686) 19,443 (18,241)
Adjustment To Deferred Acquisition Consideration 23,005 13,060 (13,405)
Gain (loss) on disposition of business 0 (94,505) 0
Other, net 7,622 8,313 (22)
Changes in working capital:      
Accounts receivable 8,465 (58,704) 37,780
Expenditures billable to clients (54,350) (21,477) (32,366)
Other assets (6,200) 1,153 (1,388)
Accounts payable 24,438 52,837 108,028
Accrued expenses and other liabilities (28,658) (24,647) (22,436)
Advance billings (22,651) (41,137) (27,062)
Increase (Decrease) in Operating Lease Liability (83,905) (87,629) (86,525)
Deferred acquisition related payments (19,910) (15,400) (10,793)
Net Cash Provided by (Used in) Operating Activities, Total 142,859 81,007 347,586
Cash flows from investing activities:      
Capital expenditures (18,912) (14,238) (22,663)
Acquisitions, net of cash acquired (103,254) (23,339) (74,234)
Capitalized software (35,094) (28,175) (12,774)
Proceeds from sale of business, net 0 229,484 0
Other (5,212) (7,781) (6,604)
Net Cash Provided by (Used in) Investing Activities, Total (162,472) 155,951 (116,275)
Cash flows from financing activities:      
Repayment of borrowings under revolving credit facility (1,755,000) (1,986,500) (1,266,000)
Proceeds from borrowings under revolving credit facility 1,960,000 1,945,500 1,255,500
Shares repurchased and cancelled (108,249) (223,835) (70,269)
Distributions to noncontrolling interests (26,723) (24,964) (39,197)
Payment of deferred consideration (29,774) (49,221) (63,170)
Proceeds from Noncontrolling Interests (3,316) 0 (3,600)
Debt issuance costs 0 (844) 0
Net Cash Provided by (Used in) Financing Activities, Total 36,938 (339,864) (186,736)
Effect of exchange rate changes on cash and cash equivalents (5,723) 2,054 (7,995)
Net increase (decrease) in cash and cash equivalents 11,602 (100,852) 36,580
Cash and cash equivalents at beginning of period 119,737 220,589 184,009
Cash and cash equivalents at end of period 131,339 119,737 220,589
Supplemental Cash Flow Information:      
Cash income taxes paid 23,906 45,538 41,235
Cash interest paid 91,050 87,068 70,935
Non-cash investing and financing activities:      
Acquisitions of business 47,082 8,332 1,178
Noncash or Part Noncash Acquisition, Noncontrolling Interest Acquired 27,207 22,172 1,000
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued 341    
Tax Receivable Agreement, Liability Established     30,556
Tax Receivables Agreement, Deferred Tax Liability Established     26,610
Conversion of Class C to Class A shares     47,930
Finalization of Stagwell Inc’s tax basis in Stagwell Global, LLC     119,470
Non-cash payment on deferred acquisition $ 18,208 $ 32,820 $ 989