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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net loss$ (20,846)$ (22,406)
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes (2,044)
Income (loss) from continuing operations(20,846)(20,362)
Adjustments to reconcile net loss from continuing operations to cash (used in) provided by operating activities:  
Depreciation13,50911,991
Amortization of intangibles16,49211,205
Non-cash stock-based compensation17,82013,304
Amortization of deferred finance charges and debt discount1,6621,582
Adjustment to deferred acquisition consideration1,4013,571
(Gain) loss on disposition of assets4(15)
Deferred income taxes74(88)
Equity in earnings (loss) of non-consolidated affiliates(214)1,639
Other non-current assets and liabilities881(2,007)
Foreign exchange1,832367
Changes in working capital:  
Accounts receivable(12,901)(39,230)
Expenditures billable to clients18,8972,135
Prepaid expenses and other current assets(2,515)(2,207)
Accounts payable, accruals and other liabilities(10,855)9,264
Advance billings(31,422)35,855
Cash flows (used in) provided by continuing operating activities(6,181)27,004
Discontinued operations (1,731)
Net cash (used in) provided by operating activities(6,181)25,273
Cash flows from investing activities:  
Capital expenditures(17,867)(8,166)
Acquisitions, net of cash acquired(52,940)(78,046)
Proceeds from sale of assets3392
Other investments(2,578)(510)
Profit distributions from affiliates4,067249
Cash flows used in continuing investing activities(69,285)(86,381)
Discontinued operations (710)
Net cash used in investing activities(69,285)(87,091)
Cash flows from financing activities:  
Proceeds from issuance of 11% Senior Notes61,05067,600
Proceeds from revolving credit facility47,634 
Repayment of long-term debt(653)(755)
Proceeds from stock subscription receivable80124
Proceeds from exercise of options1,01454
Purchase of treasury shares(2,732)(1,674)
Deferred financing costs(3,017)(1,524)
Distributions to noncontrolling partners(10,501)(6,958)
Repayment of bank overdrafts(7,591) 
Payment of dividends(12,749)(6,002)
Net cash provided by financing activities72,53550,865
Effect of exchange rate changes on cash and cash equivalents(673)22
Net decrease in cash and cash equivalents(3,604)(10,931)
Cash and cash equivalents at beginning of period10,94951,926
Cash and cash equivalents at end of period7,34540,995
Supplemental disclosures:  
Cash income taxes paid164775
Cash interest paid17,54613,516
Dividends payable5,300295
Non-cash transactions:  
Capital leases$ 515$ 336