Stagwell Inc
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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FY2023 · Filed Mar 11, 2024
STGW$11.28-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
| December 31,2023 | December 31,2022 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $119,737 | $220,589 |
| Accounts receivable, net | 697,178 | 645,846 |
| Expenditures billable to clients | 114,097 | 93,077 |
| Other current assets | 94,054 | 74,011 |
| Total Current Assets | 1,025,066 | 1,033,523 |
| Fixed assets, net | 77,825 | 98,878 |
| Right-of-use lease assets - operating leases | 254,278 | 273,567 |
| Goodwill | 1,498,815 | 1,566,956 |
| Other intangible assets, net | 818,220 | 907,529 |
| Other assets | 92,843 | 116,138 |
| Total Assets | $3,767,047 | $3,996,591 |
| LIABILITIES, RNCI, AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $414,980 | $357,253 |
| Accrued media | 291,777 | 240,506 |
| Accruals and other liabilities | 233,046 | 268,871 |
| Advance billings | 301,674 | 337,034 |
| Current portion of lease liabilities - operating leases | 65,899 | 76,349 |
| Current portion of deferred acquisition consideration | 66,953 | 90,183 |
| Total Current Liabilities | 1,374,329 | 1,370,196 |
| Long-term debt | 1,145,828 | 1,184,707 |
| Long-term portion of deferred acquisition consideration | 34,105 | 71,140 |
| Long-term lease liabilities - operating leases | 281,307 | 294,049 |
| Deferred tax liabilities, net | 40,509 | 40,879 |
| Other liabilities | 54,905 | 67,695 |
| Total Liabilities | 2,930,983 | 3,028,666 |
| Redeemable Noncontrolling Interests | 10,792 | 39,111 |
| Commitments, Contingencies and Guarantees (Note 14) | ||
| Shareholders' Equity | ||
| Common shares - Class A & B | 118 | 132 |
| Common shares - Class C | 2 | 2 |
| Paid-in capital | 348,494 | 491,899 |
| Retained earnings | 21,148 | 22,095 |
| Accumulated other comprehensive loss | (13,067) | (15,478) |
| Stagwell Inc. Shareholders' Equity | 356,695 | 498,650 |
| Noncontrolling interests | 468,577 | 430,164 |
| Total Shareholders' Equity | 825,272 | 928,814 |
| Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity | $3,767,047 | $3,996,591 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.