|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Revenue: |
|
|
|
| Services |
$ 1,148,881 |
$ 1,063,265 |
$ 934,288 |
| Operating Expenses: |
|
|
|
| Cost of services sold |
754,494 |
733,800 |
666,718 |
| Office and general expenses |
386,779 |
299,599 |
217,428 |
| Depreciation and amortization |
39,600 |
45,792 |
39,661 |
| Costs and Expenses, Total |
1,180,873 |
1,079,191 |
923,807 |
| Operating Profit (loss) |
(31,992) |
(15,926) |
10,481 |
| Other Income (Expenses) |
|
|
|
| Other income |
2,531 |
117 |
116 |
| Foreign exchange loss |
(5,537) |
(976) |
(1,677) |
| Interest expense and finance charges |
(45,234) |
(46,571) |
(41,922) |
| Loss on redemption of Notes |
(55,588) |
0 |
0 |
| Interest income |
230 |
381 |
361 |
| Nonoperating Income (Expense), Total |
(103,598) |
(47,049) |
(43,122) |
| Loss from continuing operations before income taxes and equity in affiliates |
(135,590) |
(62,975) |
(32,641) |
| Income tax expense (recovery) |
(4,291) |
9,553 |
41,735 |
| Loss from continuing operations before equity in affiliates |
(131,299) |
(72,528) |
(74,376) |
| Equity in earnings of non-consolidated affiliates |
281 |
633 |
213 |
| Loss from continuing operations |
(131,018) |
(71,895) |
(74,163) |
| Loss from discontinued operations attributable to MDC Partners Inc., net of taxes |
(11,384) |
(6,681) |
(2,082) |
| Net loss |
(142,402) |
(78,576) |
(76,245) |
| Net income attributable to the non-controlling interests |
(6,461) |
(6,863) |
(8,429) |
| Net loss attributable to MDC Partners Inc. |
(148,863) |
(85,439) |
(84,674) |
| Basic and diluted |
|
|
|
| Loss from continuing operations attributable to MDC Partners Inc. common shareholders (in dollars per share) |
$ (2.92) |
$ (1.71) |
$ (1.89) |
| Discontinued operations attributable to MDC Partners Inc. common shareholders (in dollars per share) |
$ (0.24) |
$ (0.14) |
$ (0.05) |
| Net loss attributable to MDC Partners Inc. common shareholders (in dollars per share) |
$ (3.16) |
$ (1.85) |
$ (1.94) |
| Weighted Average Number of Common Shares Outstanding: |
|
|
|
| Basic and diluted (in shares) |
47,108,406 |
46,090,159 |
43,680,560 |
| Stock based compensation expense is included in the following line items above: |
|
|
|
| Cost of services sold |
7,222 |
4,762 |
1,333 |
| Office and general expenses |
93,183 |
27,435 |
22,324 |
| Total |
$ 100,405 |
$ 32,197 |
$ 23,657 |