← Stagwell Inc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($45.8m) | $241.8m | ($123.7m) | ($4.7m) | ($229.0m) | $21.0m | $27.3m | $134k | $2.3m | $29.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $235.5m | ($132.1m) | — | — | ($3.7m) | — | — | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($40.6m) | $257.2m | ($111.9m) | $11.5m | ($207.2m) | $35.9m | $57.7m | $41.6m | $25.0m | $30.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($45.8m) | $241.8m | — | ($17.0m) | ($243.2m) | $35.9m | $65.8m | $41.6m | $25.0m | $30.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($40.6m) | $257.2m | ($111.9m) | — | $71.5m | $35.9m | $65.8m | $41.6m | $25.0m | $30.6m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | $71.5m | $35.9m | $65.8m | $41.6m | $25.0m | $30.6m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $5.2m | $15.4m | $11.8m | $16.2m | $21.8m | $14.9m | $38.6m | $41.5m | $22.8m | $1.5m | |
| Depreciation, Depletion and Amortization | $46.4m | $43.5m | $46.2m | $38.3m | $36.9m | $77.5m | $131.3m | $142.8m | $151.7m | $171.2m | |
| Amortization of Debt Issuance Costs | $3.0m | $3.0m | $3.2m | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | $9.1m | $3.0m | $3.2m | $3.3m | $3.5m | — | — | — | — | — | |
| Amortization of Intangible Assets | $24.2m | $19.6m | $19.1m | $13.2m | — | — | — | $112.2m | $121.6m | $145.4m | |
| Depreciation | $22.3m | $23.9m | $27.1m | $25.1m | $24.6m | $19.7m | $26.5m | $29.0m | $29.2m | $25.6m | |
| Deferred Income Tax Expense (Benefit) | ($10.0m) | ($173.0m) | $23.6m | $5.0m | $108.6m | ($3.8m) | ($18.3m) | $19.4m | ($10.7m) | $10.4m | |
| Deferred Other Tax Expense (Benefit) | — | — | ($8.9m) | $0 | ($10.0m) | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $21.0m | $24.4m | $18.4m | $31.0m | $14.2m | $75.0m | $33.2m | $57.2m | $52.2m | $54.1m | |
| Share-based Payment Arrangement, Expense | $21.0m | — | $5.9m | $2k | $5.8m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $48.5m | $3.2m | $74.6m | $4.1m | $61.7m | $0 | $116.7m | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $10.0m | — | $2.6m | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $623 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $424k | $1.6m | $1.9m | ($3.2m) | ($771k) | ($43.4m) | $0 | ($94.5m) | $0 | $2.2m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | ($43.4m) | $0 | $94.5m | $0 | ($2.2m) | |
| Income (Loss) from Equity Method Investments | ($309k) | $2.1m | $62k | $352k | ($2.2m) | ($240k) | ($79k) | ($8.9m) | $503k | $111k | |
| Income Tax Expense (Benefit) | ($9.4m) | ($168.1m) | $31.6m | $10.5m | $116.6m | $23.4m | $7.6m | $40.6m | $13.2m | $38.3m | |
| Operating Lease, Expense | — | — | — | — | $22.7m | $59.0m | $77.4m | $76.7m | $75.1m | $67.5m | |
| Other Nonoperating Income (Expense) | $414k | $1.3m | $230k | ($2.4m) | $20.5m | $50.1m | ($7.1m) | ($359k) | ($1.4m) | $171k | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | — | — | — | — | $0 | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $16.8m | $50.0m | ($30.2m) | $37.8m | ($72.5m) | $30.8m | ($37.8m) | $58.7m | ($8.5m) | ($28.8m) | |
| Increase (Decrease) in Inventories | ($13.0m) | ($1.9m) | $11.2m | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($213k) | $18.1m | ($23.3m) | $8.8m | ($982k) | ($3.3m) | ($2.6m) | ($3.0m) | ($1.7m) | ($1.6m) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($213k) | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $8.2m | $17.6m | ($20.8m) | $9.5m | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | ($2.2m) | — | — | — | — | — | |
| General and Administrative Expense | $306.3m | $310.5m | $349.1m | $328.3m | $341.6m | $424.0m | $601.5m | $661.2m | $711.8m | $732.3m | |
| Goodwill | $844.8m | $835.9m | $741.0m | $740.7m | $668.2m | $1.7b | $1.6b | $1.5b | $1.6b | $1.6b | |
| Noncash Merger Related Costs | — | — | — | — | — | $0 | $0 | — | — | — | |
| Nonoperating Income (Expense) | ($98.1m) | ($44.9m) | ($90.1m) | ($58.6m) | ($42.6m) | $14.8m | ($85.7m) | $542k | ($95.3m) | ($90.2m) | |
| Payments of Financing Costs | $21.6m | $0 | $0 | — | — | — | — | $844k | $0 | $6.1m | |
| Pension Cost (Reversal of Cost) | $10.0m | $10.1m | $9.8m | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | $0 | — | $0 | $0 | — | — | — | |
| Realized Investment Gains (Losses) | — | $833k | — | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | $198k | $501k | $0 | $300k | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | ($929k) | $0 | ($1.0m) | ($626k) | ($2.3m) | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | ($21.4m) | — | — | $49.2m | $44.5m | |
| Net Cash Provided by (Used in) Operating Activities | ($1.2m) | $115.3m | $17.3m | $86.5m | $32.6m | $200.9m | $347.6m | $81.0m | $142.9m | $291.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $29.4m | $33.0m | $20.3m | $18.6m | $24.3m | $22.6m | $22.7m | $14.2m | $18.9m | $43.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($2.5m) | $0 | $32.7m | $4.8m | $1.8m | ($150.3m) | $74.2m | $23.3m | $103.3m | $6.2m | |
| Payments for (Proceeds from) Other Investing Activities | $3.8m | $2.2m | $499k | ($484k) | $1.8m | $1.0m | $19.4m | $7.8m | $5.2m | $7.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($25.2m) | ($20.9m) | ($50.4m) | $115k | ($8.3m) | $164.0m | ($116.3m) | $156.0m | ($162.5m) | ($113.7m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $507k | $404k | $146k | $0 | $22.0m | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $3.4m | $1.8m | $776k | $601k | — | $841k | $18.7m | $223.8m | $108.2m | $134.3m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | $3.6m | $0 | ($3.3m) | $0 | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | — | — | $3.6m | $0 | $3.3m | $0 | |
| Dividends paid | $32.9m | $284k | $196k | $56k | — | — | — | — | — | — | |
| Dividends Payable | $739k | $453k | $196k | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($9.3m) | ($75.4m) | $21.4m | ($11.7m) | ($73.4m) | ($273.4m) | ($186.7m) | ($339.9m) | $36.9m | ($210.0m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.1m | ($754k) | $77k | $1k | $3.0m | $158k | ($8.0m) | $2.1m | ($5.7m) | $5.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.1m | ($754k) | ($11.6m) | $76.1m | ($46.2m) | $91.6m | $36.6m | ($100.9m) | $11.6m | ($26.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $30.9m | $106.9m | $60.8m | $184.0m | $220.6m | $119.7m | $131.3m | $104.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $64.7m | $62.9m | $64.0m | $62.2m | $57.8m | $23.5m | $70.9m | $87.1m | $91.0m | $94.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.