|
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 17,612 |
$ 119,767 |
| Accounts receivable, less allowance for doubtful accounts of $1,436 and $1,409 |
453,362 |
355,295 |
| Expenditures billable to clients |
45,854 |
40,202 |
| Other current assets |
48,892 |
36,978 |
| Total Current Assets |
565,720 |
552,242 |
| Fixed assets, at cost, less accumulated depreciation of $97,271 and $95,083 |
59,598 |
60,240 |
| Investment in non-consolidated affiliates |
8,888 |
6,110 |
| Goodwill |
838,857 |
851,373 |
| Other intangibles assets, net |
77,365 |
86,121 |
| Deferred tax asset |
23,570 |
18,758 |
| Other assets |
66,127 |
74,046 |
| Total Assets |
1,640,125 |
1,648,890 |
| Current Liabilities: |
|
|
| Accounts payable |
251,892 |
316,285 |
| Accruals and other liabilities |
324,021 |
271,273 |
| Advance billings |
173,104 |
142,608 |
| Current portion of long-term debt |
532 |
534 |
| Current portion of deferred acquisition consideration |
100,131 |
90,804 |
| Total Current Liabilities |
849,680 |
821,504 |
| Long-term debt, less current portion |
761,799 |
742,593 |
| Long-term portion of deferred acquisition consideration |
100,673 |
114,564 |
| Other liabilities |
45,814 |
45,861 |
| Deferred tax liabilities |
78,740 |
77,997 |
| Total Liabilities |
1,836,706 |
1,802,519 |
| Redeemable Noncontrolling Interests (Note 2) |
202,338 |
194,951 |
| Commitments, contingencies and guarantees (Note 11) |
|
|
| Shareholders’ Deficit: |
|
|
| Charges in excess of capital |
(229,622) |
(209,668) |
| Accumulated deficit |
(521,724) |
(489,633) |
| Accumulated other comprehensive loss |
(40) |
(7,752) |
| MDC Partners Inc. Shareholders' Deficit |
(482,564) |
(441,235) |
| Noncontrolling Interests |
83,645 |
92,655 |
| Total Shareholders' Deficit |
(398,919) |
(348,580) |
| Total Liabilities, Redeemable Noncontrolling Interests and Shareholders’ Deficit |
1,640,125 |
1,648,890 |
| Common Class A |
|
|
| Shareholders’ Deficit: |
|
|
| Class A Shares, no par value, unlimited authorized, 49,846,285 and 49,680,109 shares issued and outstanding in 2015 and 2014 |
268,821 |
265,817 |
| Class B Shares, no par value, unlimited authorized, 3,755 shares issued and outstanding in 2015 and 2014, each convertible into one Class A share |
268,821 |
265,817 |
| Common Class B |
|
|
| Shareholders’ Deficit: |
|
|
| Class A Shares, no par value, unlimited authorized, 49,846,285 and 49,680,109 shares issued and outstanding in 2015 and 2014 |
1 |
1 |
| Class B Shares, no par value, unlimited authorized, 3,755 shares issued and outstanding in 2015 and 2014, each convertible into one Class A share |
$ 1 |
$ 1 |