MDC Partners Inc. (MDCA) financial statements (2021 and earlier)
Company profile
| Business Address |
745 FIFTH AVENUE, 19TH FLOOR NEW YORK, NY 10151 |
| State of Incorp. | ON |
| Fiscal Year End | December 31 |
| SIC | 7311 - Advertising Agencies (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 107 | 31 | 46 | 28 | 61 | 120 | ||
| Cash and cash equivalents | 107 | 31 | 46 | 28 | 61 | 120 | ||
| Receivables | 450 | 395 | 434 | 388 | 361 | 355 | ||
| Assets held-in-trust | 5 | 5 | ||||||
| Assets held-for-sale, not part of disposal group | 79 | ✕ | ||||||
| Other current assets | 36 | 42 | 27 | 35 | 37 | 37 | ||
| Other undisclosed current assets | 30 | 42 | 31 | 33 | 49 | 40 | ||
| Total current assets: | 623 | 590 | 543 | 490 | 509 | 552 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 81 | 88 | 90 | 78 | 64 | 60 | ||
| Long-term investments and receivables | 6 | 7 | 16 | 15 | 18 | 16 | ||
| Long-term investments | 6 | 7 | 16 | 15 | 18 | 16 | ||
| Intangible assets, net (including goodwill) | 796 | 809 | 907 | 930 | 943 | 937 | ||
| Goodwill | 741 | 741 | 836 | 845 | 870 | 851 | ||
| Intangible assets, net (excluding goodwill) | 55 | 68 | 71 | 85 | 72 | 86 | ||
| Restricted cash and investments | 6 | |||||||
| Other noncurrent assets | 24 | 26 | 38 | 33 | 54 | 74 | ||
| Other undisclosed noncurrent assets | 310 | 93 | 106 | 32 | 4 | 2 | ||
| Total noncurrent assets: | 1,216 | 1,022 | 1,156 | 1,088 | 1,082 | 1,097 | ||
| TOTAL ASSETS: | 1,839 | 1,612 | 1,699 | 1,577 | 1,590 | 1,649 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 200 | 222 | 245 | 251 | 360 | 316 | ||
| Accounts payable | 200 | 222 | 245 | 251 | 360 | 316 | ||
| Debt | 1 | 1 | 0 | 1 | 1 | |||
| Disposal group, including discontinued operation | 36 | |||||||
| Business combination, contingent consideration, liability | 46 | 33 | 130 | |||||
| Customer advances and deposits | ✕ | ✕ | 148 | 134 | 119 | 143 | ||
| Other undisclosed current liabilities | 574 | 451 | 382 | 417 | 303 | 362 | ||
| Total current liabilities: | 820 | 743 | 776 | 803 | 913 | 822 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 888 | 954 | 883 | 936 | 741 | 743 | ||
| Long-term debt, excluding current maturities | 888 | 954 | 883 | 936 | 741 | 743 | ||
| Capital lease obligations | ✕ | 0 | 0 | 1 | ||||
| Liabilities, other than long-term debt | 71 | 110 | 77 | 183 | 354 | 139 | ||
| Deferred tax liabilities, net | 4 | 5 | 7 | 110 | 93 | 78 | ||
| Liability, pension and other postretirement and postemployment benefits | 16 | 16 | 16 | 15 | ||||
| Other liabilities | 22 | 54 | 54 | 56 | 45 | 46 | ||
| Business combination, contingent consideration, liability | 30 | 51 | 217 | |||||
| Other undisclosed noncurrent liabilities | 203 | 56 | 105 | 99 | ||||
| Total noncurrent liabilities: | 1,162 | 1,064 | 1,016 | 1,224 | 1,095 | 981 | ||
| Total liabilities: | 1,982 | 1,807 | 1,792 | 2,027 | 2,008 | 1,803 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | (220) | (311) | (214) | (575) | (566) | (441) | ||
| Preferred stock | 153 | 90 | 90 | |||||
| Common stock | 101 | |||||||
| Accumulated other comprehensive income (loss) | (4) | 5 | (2) | (2) | 6 | (8) | ||
| Accumulated deficit | (470) | (465) | (340) | (582) | (527) | (490) | ||
| Other undisclosed stockholders' equity attributable to parent | 59 | 38 | 9 | (45) | 56 | |||
| Stockholders' equity attributable to noncontrolling interest | 40 | 65 | 58 | 66 | 79 | 93 | ||
| Total stockholders' equity: | (179) | (247) | (156) | (509) | (487) | (349) | ||
| Other undisclosed liabilities and equity | 37 | 52 | 63 | 60 | 69 | 195 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,839 | 1,612 | 1,699 | 1,577 | 1,590 | 1,649 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,416 | 1,476 | 1,514 | 1,386 | 1,326 | 1,225 | |
| Revenue, net | ✕ | ✕ | 1,514 | 1,386 | 1,326 | 1,225 | |
| Cost of revenue | (961) | (993) | (1,023) | (936) | (880) | (799) | |
| Cost of goods and services sold | (961) | (991) | (1,023) | (936) | (880) | (799) | |
| Gross profit: | 455 | 483 | 490 | 450 | 447 | 426 | |
| Operating expenses | (374) | (473) | (358) | (401) | (374) | (343) | |
| Other undisclosed operating income | 5 | ||||||
| Operating income: | 80 | 10 | 132 | 48 | 72 | 88 | |
| Nonoperating expense | (59) | (90) | (45) | (98) | (90) | (73) | |
| Foreign currency transaction gain (loss), before tax | 9 | (23) | 18 | (0) | (39) | (18) | |
| Interest and debt expense | (65) | (3) | (65) | (66) | (58) | (55) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 65 | 3 | 65 | 66 | 58 | 55 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 22 | (80) | 87 | (50) | (17) | 15 | |
| Income (loss) from equity method investments | 0 | 0 | 2 | (0) | 1 | 1 | |
| Income (loss) from continuing operations before income taxes: | 22 | (80) | 89 | (50) | (16) | 17 | |
| Income tax expense (benefit) | (11) | (32) | 168 | 9 | (6) | (12) | |
| Income (loss) from continuing operations: | 11 | (112) | 257 | (41) | (22) | 4 | |
| Loss from discontinued operations | (6) | (21) | |||||
| Net income (loss): | 11 | (112) | 257 | (41) | (28) | (17) | |
| Net loss attributable to noncontrolling interest | (16) | (12) | (15) | (5) | (9) | (7) | |
| Net income (loss) attributable to parent: | (5) | (124) | 242 | (46) | (37) | (24) | |
| Other undisclosed net income (loss) available to common stockholders, basic | (8) | (6) | 21 | ||||
| Net income (loss) available to common stockholders, diluted: | (5) | (132) | 235 | (46) | (37) | (3) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 11 | (112) | 257 | (41) | (28) | (17) | |
| Other comprehensive income (loss) | (9) | 4 | 2 | (8) | 9 | (9) | |
| Comprehensive income (loss): | 3 | (108) | 259 | (48) | (19) | (26) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (17) | (9) | (18) | (6) | (4) | (5) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (14) | (117) | 242 | (54) | (23) | (31) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.