MDC PARTNERS INC MDCA Cash Flow

Mdc partners inc (MDCA)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net loss
1,794	-1,696	5,513	7,333	316	-75,713	-13,667	5,951	-28,519	231,455	21,984	13,467	-9,683	11,144	-31,081	2,089	-22,773	-22,608	-6,482	32,401	-29,711	-22,019	-3,237	18,219	-7,484	-92,267	-19,289	11,330	-42,176	-22,844	-12,644	-18,304	-24,784	-55,848	-17,169	3,852	-7,080
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	326
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,901	12,651	-39,994	-23,658	-10,287	-15,811	-23,692	-55,635	-16,195	4,421	-6,754
Adjustments to reconcile net income to cash used in operating activities:
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,316	1,329	-6,294	-18,284	-1,369	-1,336	-271	1,691	-7,388	-1,321	-2,182	814	-2,357	-2,493	-1,092	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,608	-5,166	31,072	-23,417	-3,735	-1,868	19,555	-7,213	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
3,070	18,408	6,026	3,634	2,972	1,534	6,242	5,603	5,037	7,480	6,380	5,540	4,950	5,560	5,228	5,530	4,685	4,771	3,266	5,314	4,445	5,463	3,437	4,428	4,368	-	-	-	-	-	-	-	-	-	-	-	4,274
Non-cash stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,435	4,754	4,501	5,827	5,133	15,353	5,884	-	-	-	-
Depreciation and amortization
9,206	6,337	6,175	3,783	8,838	6,167	6,302	6,240	8,402	5,873	6,442	5,958	5,600	5,440	6,707	5,118	5,028	5,205	4,624	4,505	4,537	4,496	4,124	3,899	3,943	2,728	4,781	4,595	4,638	2,229	4,675	4,762	4,333	4,450	4,196	4,422	4,535
Amortization of intangibles
-	-	-	-	-	4,817	4,832	5,463	3,973	4,685	4,810	4,808	5,298	6,938	4,705	6,318	6,192	7,625	8,462	9,502	7,763	10,593	7,560	5,976	6,581	4,982	4,681	4,893	4,841	4,603	7,321	8,869	5,655	5,566	5,577	5,147	5,768
Amortization of deferred finance charges and debt discount
-	-	-	-	-	791	797	798	807	1,004	538	738	742	399	737	978	7,021	568	567	-359	1,494	543	559	568	577	717	742	650	5,653	551	569	570	559	513	504	521	637
Other asset impairment
161	5,875	1,944	0	0	56,732	21,008	0	2,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to deferred acquisition consideration
-4,600	9,030	1,943	2,073	-7,643	-8,896	11,001	-5,065	2,586	-18,173	-2,438	4,332	11,460	-	11,183	-260	6,440	-	5,697	-12,364	2,801	-	3,175	4,566	8,388	30,566	1,220	2,043	2,314	32,936	13,677	4,017	2,675	-	-	-	-
Other asset impairment
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on redemption of Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50,385	0	0	0	0	-	-	-	-
Deferred income taxes
8,511	-1,284	3,457	2,087	748	30,263	2,804	1,292	-10,786	-181,144	1,163	5,056	1,906	-9,485	-2,216	3,590	-1,927	941	-1,405	4,314	-3,929	5,080	1,072	2,744	-579	3,309	4,149	1,685	-14,570	3,796	1,819	1,707	1,100	-	-	-	-
(Gain) loss on disposition of assets
-	-	-	-	-	459	453	974	-19	2,845	-1,308	84	-21	801	-92	-285	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to deferred acquisition consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,977
(Gain) loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	-4	23	-71	-4	-17	17
Income (Loss) from Equity Method Investments
-	-	-	-	-	-296	300	-28	86	157	1,422	641	-139	-318	70	-290	229	431	172	104	351	1,183	81	79	63	85	73	82	41	234	93	34	272	-1	-120	79	255
Distributions in excess of carrying value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,058	0	0	0	0	-	-	-	-
Other
-4,489	-2,154	-1,122	1,531	2,608	-1,348	-158	110	1,004	32	2,934	-4,204	5,658	-11,674	1,666	-5,001	1,482	-750	112	-3,309	-733	-3,305	-861	-217	12,188	506	-8,183	18,316	-1,234	10,382	-118	-2,215	1,118	-	-	-	1,199
Foreign exchange
-	-	-	-	-	-11,670	3,003	-5,264	-6,864	2,524	8,248	5,495	1,370	-4,566	-4,439	3,111	14,134	-5,446	-12,465	2,945	-15,219	-6,860	-8,267	5,451	-5,145	-1,746	187	-1,002	-443	227	-591	401	-898	1,145	-1,886	-92	146
Changes in working capital:
Accounts receivable
-41,148	38,598	-22,405	-8,387	29,957	-21,637	10,607	-6,823	-12,358	-4,693	-13,166	28,034	39,855	-31,015	-12,450	28,631	31,586	-58,338	4,761	-39,387	97,760	-19,266	-28,972	28,793	55,245	-21,252	-6,893	-29,260	41,319	11,409	-18,612	18,011	18,077	-1,963	5,867	1,152	5,882
Expenditures billable to clients
-7,370	-8,520	-1,953	-6,057	4,294	-16,948	236	1,196	26,739	-11,186	71	5,270	3,953	-	-13,247	29,388	-21,692	-	10,167	694	5,721	-	10,310	22,457	6,177	-6,629	12,703	-1,938	268	6,288	-17,999	11,429	17,433	-	-	-	-
Expenditures billable to clients
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-291	-21,853	3,247
Prepaid expenses and other current assets
3,385	-194	-6,625	-28	3,373	5,673	-1,216	2,998	9,734	-169	111	-10,781	4,270	-3,243	1,894	1,927	13,030	-2,921	-9,491	-1,349	12,211	-3,163	-1,170	-3,176	9,458	5,526	-2,246	-1,344	5,899	-1,512	3,616	1,255	-366	-1,816	528	242	1,745
Accounts payable, accruals and other current liabilities
-62,120	82,450	-30,184	8,762	-75,105	31,365	10,428	16,811	-76,826	44,547	-44,481	24,089	-10,757	-32,663	31,673	23,174	-132,202	75,195	-79,623	116,017	-36,478	74,803	-42,410	64,114	-7,552	-9,074	4,450	47,974	-13,333	51,875	-4,178	3,354	14,868	758	20,252	-9,984	-20,674
Acquisition related payments
782	407	440	719	3,657	878	4,369	17,229	6,665	6,220	12,111	21,917	2,542	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings
-24,816	1,885	1,715	-3,229	32,563	-42,284	-2,169	-27,381	56,963	-17,467	2,301	14,960	14,754	-14,427	-14,355	23,163	17,016	-15,767	-21,791	-16,446	30,496	-65,242	9,172	12,841	29,424	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,078	-7,119	13,019	4,417	-29,533	-10,643	37,535	-1,069	-2,336	-19,622	-9,464
Cash flows provided by (used in) continuing operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171,884	-78,625	181,857	-112,379	128,230	13,700	65,304	-40,049	-56,818	56,994	87,272	-31,454	55,547	22,827	-16,733	13,258	9,060	21,750	11,626	-37,146
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-347	299	-1,294	1,744	-4,465	148	746	10,766	-5,714	-243	-1,504	4,951	-460	-2,347	-739	1,669	-2,229	-262	80
Net cash used in operating activities
-19,954	92,379	34,397	40,963	-81,200	49,009	29,984	-680	-61,033	86,236	-13,724	32,492	-33,218	-4,520	68,810	12,219	-122,416	171,884	-78,972	182,156	-113,673	129,974	9,235	65,452	-39,303	-46,052	51,280	87,029	-32,958	60,498	22,367	-19,080	12,519	10,729	19,521	11,364	-37,066
Cash flows from investing activities:
Capital expenditures
1,546	4,810	5,863	4,317	3,606	5,032	5,543	5,890	3,799	4,653	7,149	11,743	9,413	9,709	6,275	7,909	5,539	5,910	8,161	3,848	5,656	7,738	12,978	3,204	2,496	2,833	4,369	6,692	2,915	2,258	4,737	4,450	5,092	5,680	9,311	3,441	4,863
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-6,037	-2,118	39,261	-	-	-	-
Proceeds from sale of assets
18,920	0	0	0	23,050	2,082	0	0	0	-	-	-	-	-	-	-	-	8,610	13	-21	29	8	51	26	0	-	41	157	11	11	5	13	22	-11	-10	31	12
Acquisitions, net of cash acquired
729	-955	648	4,080	1,050	-1,590	7,004	27,299	0	-	-	-	-	0	-4,747	442	1,774	3,728	23	19,717	1,310	10,616	15,776	2,001	39,951	-	-	-	-	-	-	-	-	-	8,717	233	12,617
Deposits
-	-	-	-	-	-	-	-	-	-	200	-366	1,627	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	-663	0	-114	293	1,679	-313	-936	69	699	1,065	415	50	1,264	1,473	283	815	765	1,799	2,390	2,318	2,572	290	1,373	2,077	494	23	973	1,202	511	221	427	1,039	1,654	978	732	868
Distributions from non-consolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	2,038	342	-	2,165	356	281	517	148	0	3,096	746	376	166	0	-	-	-	-
Profit distributions from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,783
Cash flows used in continuing investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,271	-6,650	-27,160	-8,913	-20,311	-20,081	-12,943	-44,243	-14,142	-4,203	-8,018	-1,010	-2,125	-10,614	-6,816	33,152	7,949	-18,916	-4,191	-14,553
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-969	18,223	-153	-152	-811	-645	-500	-2,740	0	0	-11	-3,837	-1,963	33	-19	-473	-91	-2	-159
Net cash provided by investing activities
16,645	-3,192	-6,511	-8,283	18,101	-2,076	-12,234	-32,253	-3,868	-1,381	3,379	-11,792	-11,090	-10,533	2,099	-8,634	-8,128	-4,271	-7,619	-8,937	-9,066	-20,463	-20,892	-13,588	-44,743	-16,882	-4,203	-8,018	-1,021	-5,962	-12,577	-6,783	33,133	7,476	-19,007	-4,193	-14,712
Cash flows from financing activities:
Proceeds from issuance of notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	550,000	-	0	0	0	-	-	-	-
Repayment of 6.75% Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	425,000	0	0	0	0	-	-	-	-
Net increase (decrease) in revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,292	-	-	-	-	-	-	-	-	-	13,172	-25,279	59,741
Acquisition related payments
750	0	5,936	24,219	0	-68	3,068	21,750	7,422	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related payments
-	-	-	-	-	-	-	-	-	-	-	38,021	2,641	-38,837	15,476	83,661	30,479	1,059	25,955	95,900	11,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of revolving credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds (repayments) of revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-434	-100,187	14,133	-	-	-	-
Acquisition related payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,897	50,643	10,715	8,176	34,213	74,958	2,225	12,204	9,757	44,839	1,925	-	-	-	-
Cash overdrafts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,378	-24,274	32,103	-	10,745	14,472	-6,853	15,932	-19,712	14,512	-5,756	-3,224	2,087	20,202	6,921	1,915	-430	-8,227	1,066
Payments to Noncontrolling Interests
-	-	-	-	-	3,009	1,483	5,632	3,295	3,593	1,432	1,369	2,471	1,223	1,136	3,014	2,399	41	2,491	4,132	2,839	509	830	2,908	2,276	703	-98	3,533	1,387	590	1,528	3,909	1,646	1,763	2,172	4,036	4,293
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72	4	289	721
Payment of dividends
-	-	-	-	-	14	14	22	146	0	115	147	22	338	11,055	10,889	10,636	10,621	10,537	10,519	10,636	9,644	9,422	8,908	9,724	7,551	5,340	8,946	210	8,701	0	8,660	4,669	-	-	-	-
Premium paid on redemption of Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,873	0	0	0	0	-	-	-	-	-	0	0	50,385	0	0	0	0	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,240	2,238	18,091	0	0	0	0	-	-	-	-	4,844	0	0	15,971	2,041	75	42	74	36	32	2,710	275
Purchase of shares
-	-	-	-	-	0	283	37	456	519	609	579	51	552	324	1,572	902	596	295	621	876	623	1,250	438	3,103	8,806	611	1,020	3,380	325	19	837	2,146	1,389	164	1,087	1,481
Other
4,608	0	0	-1,536	1,536	-114	119	62	79	94	86	89	135	126	109	116	156	137	128	143	126	316	134	134	72	-685	697	113	618	196	195	216	46	459	271	101	281
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,453
Cash flows used in continuing financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-124,937	65,472	-155,191	26,086	-37,751	-11,664	-3,357	-451	100,662	-60,496	-73,476	45,068	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-40	0	0	0	-40	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
119,642	-9,527	-27,914	-35,041	60,753	-37,688	-17,221	28,725	47,618	-57,486	7,759	-22,503	39,631	20,526	-66,241	-11,071	92,443	-124,937	65,472	-155,191	26,046	-37,751	-11,664	-3,357	-491	-	-	-	-	-67,001	-9,044	61,905	-17,718	-17,863	1,628	-8,211	47,745
Effect of exchange rate changes on cash, cash equivalents, and cash held in trusts
-2,164	-	4	580	-576	-	-472	5	306	-	1,100	-1,036	-58	-	1,005	1,708	-1,517	3,024	2,026	-543	711	-874	136	-357	27	2,233	-605	441	-59	-4	357	-303	-73	409	-501	-218	46
Net increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale
114,169	80,787	-24	-1,781	-2,922	1,185	57	-4,203	-16,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents held in trusts classified within held for sale
0	-	-	-	-3,307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents classified within assets held for sale
0	0	0	2,713	1,728	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
114,169	-	-24	932	-4,501	-	-	-4,038	-17,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-1,486	-2,839	-4,735	-	5,673	-5,778	-39,618	45,700	-19,093	17,485	-95,982	70,886	-23,185	48,150	-84,510	38,695	-14,024	5,976	11,030	-12,469	1,103	35,739	27,861	751	1,641	-1,258	-3,987
Supplemental disclosures:
Cash income taxes paid
849	-1,335	137	1,817	1,677	-986	2,196	1,293	1,333	1,190	3,486	2,130	1,293	97	1,991	664	143	487	685	175	540	72	241	35	83	364	356	132	67	317	572	323	24	76	29	71	64
Cash interest paid
145	-	882	30,014	1,629	-	1,597	30,765	649	-	758	30,567	999	36,692	-2,621	4,897	25,703	26,308	590	25,401	367	26,006	624	22,289	334	19,946	261	178	18,342	20,261	458	19,701	674	19,951	308	16,816	422
Change in cash held in trusts
-	-	-	-	-	-	-	-	-	-	-344	149	36	-	-76	15	208	-545	-200,430	199,924	-246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital leases
-	-	-	-	-	-	-	-	-	-	76	152	393	265	0	-156	156	34	64	0	42	7	18	748	0	-	-	-	-	34	-2	265	134	167	0	202	313
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-588	831	188	614	-9,513	9,752	-	-	-	-
Series 4 Convertible Preferred Stock [Member]
Proceeds from issuance of common and convertible preference shares, net of issuance costs
0	0	0	991	97,629	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-