MDC PARTNERS INC MDCA Cash Flow

Mdc partners inc (MDCA)

CashFlow / TTM

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
12,944	11,466	-62,551	-81,731	-83,113	-111,948	195,220	230,871	238,387	257,223	36,912	-16,153	-27,531	-40,621	-74,373	-49,774	-19,462	-26,400	-25,811	-22,566	-36,748	-14,521	-84,769	-100,821	-107,710	-142,402	-72,979	-66,334	-95,968	-78,576	-111,580	-116,105	-93,949	-76,245	0	0	0
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62,902	-61,288	-89,750	-73,448	-105,425	-111,333	-91,101	-74,163	0	0	0
Adjustments to reconcile net income to cash used in operating activities:
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,281	-24,565	-24,618	-27,283	-21,260	-1,285	-7,304	-7,289	-9,200	-10,077	-5,046	-6,218	-5,128	0	0	0	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,119	-1,246	2,052	-9,465	6,739	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
31,138	31,040	14,166	14,382	16,351	18,416	24,362	24,500	24,437	24,350	22,430	21,278	21,268	21,003	20,214	18,252	18,036	17,796	18,488	18,659	17,773	17,696	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Non-cash stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,517	20,215	30,814	32,197	0	0	0	-	-	-	-
Depreciation and amortization
25,501	25,133	24,963	25,090	27,547	27,111	26,817	26,957	26,675	23,873	23,440	23,705	22,865	22,293	22,058	19,975	19,362	18,871	18,162	17,662	17,056	16,462	14,694	15,351	16,047	16,742	16,243	16,137	16,304	15,999	18,220	17,741	17,401	17,603	0	0	0
Amortization of intangibles
-	-	-	-	-	19,085	18,953	18,931	18,276	19,601	21,854	21,749	23,259	24,153	24,840	28,597	31,781	33,352	36,320	35,418	31,892	30,710	25,099	22,220	21,137	19,397	19,018	21,658	25,634	26,448	27,411	25,667	21,945	22,058	0	0	0
Amortization of deferred finance charges and debt discount
-	-	-	-	-	3,193	3,406	3,147	3,087	3,022	2,417	2,616	2,856	9,135	9,304	9,134	7,797	2,270	2,245	2,237	3,164	2,247	2,421	2,604	2,686	7,762	7,596	7,423	7,343	2,249	2,211	2,146	2,097	2,175	0	0	0
Other asset impairment
7,980	7,819	58,676	77,740	77,740	80,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to deferred acquisition consideration
8,446	5,403	-12,523	-3,465	-10,603	-374	-9,651	-23,090	-13,693	-4,819	0	0	0	-	0	0	0	-	0	0	0	-	46,695	44,740	42,217	36,143	38,513	50,970	52,944	53,305	0	0	0	-	-	-	-
Other asset impairment
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on redemption of Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,385	50,385	50,385	0	0	0	0	-	-	-	-
Deferred income taxes
12,771	5,008	36,555	35,902	35,107	23,573	-187,834	-189,475	-185,711	-173,019	-1,360	-4,739	-6,205	-10,038	388	1,199	1,923	-79	4,060	6,537	4,967	8,317	6,546	9,623	8,564	-5,427	-4,940	-7,270	-7,248	8,422	0	0	0	-	-	-	-
(Gain) loss on disposition of assets
-	-	-	-	-	1,867	4,253	2,492	1,602	1,600	-444	772	403	424	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to deferred acquisition consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Gain) loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-72	-56	-69	-75	0	0	0
Income (Loss) from Equity Method Investments
-	-	-	-	-	62	515	1,637	2,306	2,081	1,606	254	-677	-309	440	542	936	1,058	1,810	1,719	1,694	1,406	308	300	303	281	430	450	402	633	398	185	230	213	0	0	0
Distributions in excess of carrying value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,058	3,058	3,058	3,058	0	0	0	0	-	-	-	-
Other
-6,234	863	1,669	2,633	1,212	-392	988	4,080	-234	4,420	-7,286	-8,554	-9,351	-13,527	-2,603	-4,157	-2,465	-4,680	-7,235	-8,208	-5,116	7,805	11,616	4,294	22,827	9,405	19,281	27,346	6,815	9,167	0	0	0	-	-	-	0
Foreign exchange
-	-	-	-	-	-20,795	-6,601	-1,356	9,403	17,637	10,547	-2,140	-4,524	8,240	7,360	-666	-832	-30,185	-31,599	-27,401	-24,895	-14,821	-9,707	-1,253	-7,706	-3,004	-1,031	-1,809	-406	-861	57	-1,238	-1,731	-687	0	0	0
Changes in working capital:
Accounts receivable
-33,342	37,763	-22,472	10,540	12,104	-30,211	-13,267	-37,040	-2,183	50,030	23,708	24,424	25,021	16,752	-10,571	6,640	-61,378	4,796	43,868	10,135	78,315	35,800	33,814	55,893	-2,160	-16,086	16,575	4,856	52,127	28,885	15,513	39,992	23,133	10,938	0	0	0
Expenditures billable to clients
-23,900	-12,236	-20,664	-18,475	-11,222	11,223	16,985	16,820	20,894	-1,892	0	0	0	-	0	0	0	-	0	0	0	-	32,315	34,708	10,313	4,404	17,321	-13,381	-14	17,151	0	0	0	-	-	-	-
Expenditures billable to clients
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Prepaid expenses and other current assets
-3,462	-3,474	2,393	7,802	10,828	17,189	11,347	12,674	-1,105	-6,569	-9,643	-7,860	4,848	13,608	13,930	2,545	-731	-1,550	-1,792	6,529	4,702	1,949	10,638	9,562	11,394	7,835	797	6,659	9,258	2,993	2,689	-399	-1,412	699	0	0	0
Accounts payable, accruals and other current liabilities
-1,092	-14,077	-65,162	-24,550	-16,501	-18,222	-5,040	-59,949	-52,671	13,398	-63,812	12,342	11,427	-110,018	-2,160	-113,456	-20,613	75,111	74,719	111,932	60,029	88,955	5,078	51,938	35,798	30,017	90,966	82,338	37,718	65,919	14,802	39,232	25,894	-9,648	0	0	0
Acquisition related payments
2,348	5,223	5,694	9,623	26,133	29,141	34,483	42,225	46,913	42,790	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings
-24,445	32,934	-11,235	-15,119	-39,271	-14,871	9,946	14,416	56,757	14,548	17,588	932	9,135	11,397	10,057	2,621	-36,988	-23,508	-72,983	-42,020	-12,733	-13,805	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Advance billings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,395	-19,216	-22,740	1,776	-3,710	23,487	14,508	-32,491	0	0	0
Cash flows provided by (used in) continuing operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162,737	119,083	211,408	94,855	167,185	-17,863	25,431	47,399	55,994	168,359	134,192	30,187	74,899	28,412	27,335	55,694	5,290	0	0	0
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,342	402	-3,716	-3,867	-1,827	7,195	5,946	5,555	3,305	-2,510	2,744	640	1,405	-1,877	-3,646	-1,561	-742	0	0	0
Net cash used in operating activities
147,785	86,539	43,169	38,756	-2,887	17,280	54,507	10,799	43,971	71,786	-18,970	63,564	43,291	-45,907	130,497	-17,285	152,652	161,395	119,485	207,692	90,988	165,358	-10,668	31,377	52,954	59,299	165,849	136,936	30,827	76,304	26,535	23,689	54,133	4,548	0	0	0
Cash flows from investing activities:
Capital expenditures
16,536	18,596	18,818	18,498	20,071	20,264	19,885	21,491	27,344	32,958	38,014	37,140	33,306	29,432	25,633	27,519	23,458	23,575	25,403	30,220	29,576	26,416	21,511	12,902	16,390	16,809	16,234	16,602	14,360	16,537	19,959	24,533	23,524	23,295	0	0	0
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Proceeds from sale of assets
18,920	23,050	25,132	25,132	25,132	2,082	0	0	0	-	-	-	-	-	-	-	-	8,631	29	67	114	85	0	0	0	-	220	184	40	51	29	14	32	22	0	0	0
Acquisitions, net of cash acquired
4,502	4,823	4,188	10,544	33,763	32,713	0	0	0	-	-	-	-	-2,531	1,197	5,967	25,242	24,778	31,666	47,419	29,703	68,344	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Deposits
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-777	-484	1,858	1,545	723	499	-481	897	2,248	2,229	2,794	3,202	3,070	3,835	3,336	3,662	5,769	7,272	9,079	7,570	6,553	6,312	4,234	3,967	3,567	2,692	2,709	2,907	2,361	2,198	3,341	4,098	4,403	4,232	0	0	0
Distributions from non-consolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,319	1,302	946	3,761	3,990	4,218	4,384	1,288	0	0	0	-	-	-	-
Profit distributions from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flows used in continuing investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,994	-63,034	-76,465	-62,248	-97,578	-91,409	-75,531	-70,606	-27,373	-15,356	-21,767	-20,565	13,597	23,671	15,369	17,994	-29,711	0	0	0
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,101	16,949	17,107	-1,761	-2,108	-4,696	-3,885	-3,240	-2,751	-3,848	-5,811	-5,778	-5,786	-2,422	-550	-585	-725	0	0	0
Net cash provided by investing activities
-1,341	115	1,231	-4,492	-28,462	-50,431	-49,736	-34,123	-13,662	-20,884	-30,036	-31,316	-28,158	-25,196	-18,934	-28,652	-28,955	-29,893	-46,085	-59,358	-64,009	-99,686	-96,105	-79,416	-73,846	-30,124	-19,204	-27,578	-26,343	7,811	21,249	14,819	17,409	-30,436	0	0	0
Cash flows from financing activities:
Proceeds from issuance of notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Repayment of 6.75% Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425,000	425,000	425,000	0	0	0	0	-	-	-	-
Net increase (decrease) in revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	0	0	0
Acquisition related payments
30,905	30,155	30,087	27,219	24,750	32,172	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related payments
-	-	-	-	-	-	-	-	-	-	-	17,301	62,941	90,779	130,675	141,154	153,393	134,056	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of revolving credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds (repayments) of revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Acquisition related payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79,431	103,747	128,062	119,572	123,600	99,144	69,025	68,725	0	0	0	-	-	-	-
Cash overdrafts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	76,791	-	34,296	3,839	3,879	4,976	-14,180	7,619	13,309	25,986	31,125	28,608	179	-5,676	0	0	0
Payments to Noncontrolling Interests
-	-	-	-	-	13,419	14,003	13,952	9,689	8,865	6,495	6,199	7,844	7,772	6,590	7,945	9,063	9,503	9,971	8,310	7,086	6,523	6,717	5,789	6,414	5,525	5,412	7,038	7,414	7,673	8,846	9,490	9,617	12,264	0	0	0
Proceeds from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,086	0	0	0
Payment of dividends
-	-	-	-	-	196	182	283	408	284	622	11,562	22,304	32,918	43,201	42,683	42,313	42,313	41,336	40,221	38,610	37,698	35,605	31,523	31,561	22,047	23,197	17,857	17,571	22,030	0	0	0	-	-	-	-
Premium paid on redemption of Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	26,873	26,873	26,873	26,873	0	0	0	0	-	-	-	-	-	50,385	50,385	50,385	0	0	0	0	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	21,569	21,569	20,329	18,091	0	0	0	0	-	-	-	-	20,815	18,012	18,087	18,129	2,232	227	184	2,852	3,053	0	0	0
Purchase of shares
-	-	-	-	-	776	1,295	1,621	2,163	1,758	1,791	1,506	2,499	3,350	3,394	3,365	2,414	2,388	2,415	3,370	3,187	5,414	13,597	12,958	13,540	13,817	5,336	4,744	4,561	3,327	4,391	4,536	4,786	4,121	0	0	0
Other
3,072	0	-114	5	1,603	146	354	321	348	404	436	459	486	507	518	537	564	534	713	719	710	656	-345	218	197	743	1,624	1,122	1,225	653	916	992	877	1,112	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flows used in continuing financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-188,570	-101,384	-178,520	-26,686	-53,223	85,190	36,358	-33,761	11,758	0	0	0	-	-	-	-	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-40	-40	-40	-40	-40	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
47,160	-11,729	-39,890	-29,197	34,569	21,434	1,636	26,616	-24,612	-32,599	45,413	-28,587	-17,155	35,657	-109,806	21,907	-122,213	-188,610	-101,424	-178,560	-26,726	-53,263	0	0	0	-	-	-	-	-31,858	17,280	27,952	-42,164	23,299	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and cash held in trusts
0	-	0	0	0	-	0	0	0	-	0	0	3,587	-	4,220	5,241	2,990	5,218	1,320	-570	-384	-1,068	2,039	1,298	2,096	2,010	-227	735	-9	-23	390	-468	-383	-264	0	0	0
Net increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale
193,151	76,060	-3,542	-3,461	-5,883	-19,938	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents held in trusts classified within held for sale
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash and cash equivalents classified within assets held for sale
2,713	4,441	4,441	4,441	1,728	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
0	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	0	0	1,346	-	5,977	-18,789	4,474	-51,890	-26,704	-30,796	-131	11,341	-20,850	-11,689	-53,863	41,677	-9,487	5,640	35,403	52,234	65,454	65,992	28,995	-2,853	0	0	0
Supplemental disclosures:
Cash income taxes paid
1,468	2,296	2,645	4,704	4,180	3,836	6,012	7,302	8,139	8,099	7,006	5,511	4,045	2,895	3,285	1,979	1,490	1,887	1,472	1,028	888	431	723	838	935	919	872	1,088	1,279	1,236	995	452	200	240	0	0	0
Cash interest paid
0	-	0	0	0	-	0	0	62,545	-	69,016	65,637	39,967	64,671	54,287	57,498	78,002	52,666	52,364	52,398	49,286	49,253	43,193	42,830	20,719	38,727	39,042	39,239	58,762	41,094	40,784	40,634	37,749	37,497	0	0	0
Change in cash held in trusts
-	-	-	-	-	-	-	-	-	-	0	0	47	-	-398	-200,752	-843	-1,297	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital leases
-	-	-	-	-	-	-	-	-	-	886	810	502	265	34	98	254	140	113	67	815	773	0	0	0	-	-	-	-	431	564	566	503	682	0	0	0
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,045	-7,880	1,041	0	0	0	-	-	-	-
Series 4 Convertible Preferred Stock [Member]
Proceeds from issuance of common and convertible preference shares, net of issuance costs
991	98,620	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-