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 investments10731462861120
Cash and cash equivalents10731462861120
Receivables450395434388361355
Assets held-in-trust  55  
Assets held-for-sale, not part of disposal group 79   
Other current assets364227353737
Other undisclosed current assets304231334940
Total current assets:623590543490509552
Noncurrent Assets
Property, plant and equipment818890786460
Long-term investments and receivables6716151816
Long-term investments6716151816
Intangible assets, net (including goodwill)796809907930943937
Goodwill741741836845870851
Intangible assets, net (excluding goodwill)556871857286
Restricted cash and investments     6
Other noncurrent assets242638335474
Other undisclosed noncurrent assets310931063242
Total noncurrent assets:1,2161,0221,1561,0881,0821,097
TOTAL ASSETS:1,8391,6121,6991,5771,5901,649
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities200222245251360316
Accounts payable200222245251360316
Debt 11011
Disposal group, including discontinued operation 36    
Business combination, contingent consideration, liability4633  130 
Customer advances and deposits148134119143
Other undisclosed current liabilities574451382417303362
Total current liabilities:820743776803913822
Noncurrent Liabilities
Long-term debt and lease obligation888954883936741743
Long-term debt, excluding current maturities888954883936741743
Capital lease obligations 00 1
Liabilities, other than long-term debt7111077183354139
Deferred tax liabilities, net4571109378
Liability, pension and other postretirement and postemployment benefits16 1616 15
Other liabilities225454564546
Business combination, contingent consideration, liability3051  217 
Other undisclosed noncurrent liabilities203 56105 99
Total noncurrent liabilities:1,1621,0641,0161,2241,095981
Total liabilities:1,9821,8071,7922,0272,0081,803
Stockholders' equity
Stockholders' equity attributable to parent, including:(220)(311)(214)(575)(566)(441)
Preferred stock1539090   
Common stock101     
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 59389(45)56
Stockholders' equity attributable to noncontrolling interest406558667993
Total stockholders' equity:(179)(247)(156)(509)(487)(349)
Other undisclosed liabilities and equity3752636069195
TOTAL LIABILITIES AND EQUITY:1,8391,6121,6991,5771,5901,649

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4161,4761,5141,3861,3261,225
Revenue, net1,5141,3861,3261,225
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:455483490450447426
Operating expenses(374)(473)(358)(401)(374)(343)
Other undisclosed operating income     5
Operating income:8010132487288
Nonoperating expense(59)(90)(45)(98)(90)(73)
Foreign currency transaction gain (loss), before tax9(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 taxes65365665855
Income (loss) from continuing operations before equity method investments, income taxes:22(80)87(50)(17)15
Income (loss) from equity method investments002(0)11
Income (loss) from continuing operations before income taxes:22(80)89(50)(16)17
Income tax expense (benefit)(11)(32)1689(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)42(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.

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