MDC Partners Inc. (MDCA) financial statements (2021 and earlier)

Company profile

Business Address ONE WORLD TRADE CENTER, FLOOR 65
NEW YORK, NY 10007
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6110731462861
Cash and cash equivalents6110731462861
Receivables375450395434388361
Assets held-in-trust   55 
Assets held-for-sale, not part of disposal group  79   
Other current assets413642273537
Other undisclosed current assets113042313349
Total current assets:487623590543490509
Noncurrent Assets
Operating lease, right-of-use asset214 
Property, plant and equipment908188907864
Long-term investments and receivables 67161518
Long-term investments 67161518
Intangible assets, net (including goodwill)702796809907930943
Goodwill668741741836845870
Intangible assets, net (excluding goodwill)345568718572
Deferred income tax assets0 
Other noncurrent assets172426383354
Other undisclosed noncurrent assets 31093106324
Total noncurrent assets:1,0241,2161,0221,1561,0881,082
TOTAL ASSETS:1,5111,8391,6121,6991,5771,590
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168200222245251360
Accounts payable168200222245251360
Debt41 1101
Disposal group, including discontinued operation  36   
Business combination, contingent consideration, liability544633  130
Customer advances and deposits148134119
Other undisclosed current liabilities428574451382417303
Total current liabilities:691820743776803913
Noncurrent Liabilities
Long-term debt and lease obligation1,090888954883936741
Long-term debt, excluding current maturities843888954883936741
Capital lease obligations 00 
Operating lease, liability247 
Liabilities, other than long-term debt1117111077183354
Deferred tax liabilities, net45711093
Liability, pension and other postretirement and postemployment benefits 16 1616 
Other liabilities822254545645
Business combination, contingent consideration, liability293051  217
Other undisclosed noncurrent liabilities 203 56105 
Total noncurrent liabilities:1,2021,1621,0641,0161,2241,095
Total liabilities:1,8931,9821,8071,7922,0272,008
Stockholders' equity
Stockholders' equity attributable to parent, including:(450)(220)(311)(214)(575)(566)
Preferred stock1531539090  
Common stock104101    
Accumulated other comprehensive income (loss)3(4)5(2)(2)6
Accumulated deficit(710)(470)(465)(340)(582)(527)
Other undisclosed stockholders' equity attributable to parent  59389(45)
Stockholders' equity attributable to noncontrolling interest414065586679
Total stockholders' equity:(409)(179)(247)(156)(509)(487)
Other undisclosed liabilities and equity273752636069
TOTAL LIABILITIES AND EQUITY:1,5111,8391,6121,6991,5771,590

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,1991,4161,4761,5141,3861,326
Revenue, net1,5141,3861,326
Cost of revenue(770)(961)(993)(1,023)(936)(880)
Cost of goods and services sold(770)(961)(991)(1,023)(936)(880)
Gross profit:429455483490450447
Operating expenses(475)(374)(473)(358)(401)(374)
Operating income (loss):(46)80101324872
Nonoperating expense(43)(59)(90)(45)(98)(90)
Foreign currency transaction gain (loss), before tax(1)9(23)18(0)(39)
Other nonoperating income (expense)21(2)0107
Interest and debt expense(62)(65)(3)(65)(66)(58)
Other undisclosed income from continuing operations before equity method investments, income taxes62653656658
Income (loss) from continuing operations before equity method investments, income taxes:(88)22(80)87(50)(17)
Income (loss) from equity method investments(2)002(0)1
Income (loss) from continuing operations before income taxes:(91)22(80)89(50)(16)
Income tax expense (benefit)(117)(11)(32)1689(6)
Income (loss) from continuing operations:(207)11(112)257(41)(22)
Loss from discontinued operations     (6)
Net income (loss):(207)11(112)257(41)(28)
Net loss attributable to noncontrolling interest(22)(16)(12)(15)(5)(9)
Net income (loss) attributable to parent:(229)(5)(124)242(46)(37)
Other undisclosed net loss available to common stockholders, basic  (8)(6)  
Net income (loss) available to common stockholders, diluted:(229)(5)(132)235(46)(37)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(207)11(112)257(41)(28)
Other comprehensive income (loss)8(9)42(8)9
Comprehensive income (loss):(199)3(108)259(48)(19)
Comprehensive loss, net of tax, attributable to noncontrolling interest(23)(17)(9)(18)(6)(4)
Comprehensive income (loss), net of tax, attributable to parent:(222)(14)(117)242(54)(23)

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.

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