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Mdc Partners Inc (MDCA) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

SEC Filings

Mdc Partners Inc

CIK: 876883 Ticker: MDCA

mdcpartners3q2018earn_imag.jpg    

FOR IMMEDIATE ISSUE

FOR:MDC Partners Inc.CONTACT:Erica Bartsch
One World Trade Center, Floor 65Sloane & Company
New York, NY 10007212-446-1875
IR@mdc-partners.com


MDC PARTNERS INC. REPORTS RESULTS FOR THE THREE AND
TWELVE MONTHS ENDED DECEMBER 31, 2020

Company Delivers 15.8% Sequential Revenue Growth in Fourth Quarter,
Guides 7-9% Revenue Growth in 2021


FOURTH QUARTER & 2020 HIGHLIGHTS:

Revenue of $328.2 million in the fourth quarter versus $382.0 million in the prior year period, a decline of 14.1%; and $1.20 billion in 2020 versus $1.42 billion in the prior year, a decline of 15.3%.
Sequential revenue growth of 15.8% from the third quarter of 2020.
Organic revenue declined 13.7% in the fourth quarter and 13.9% in 2020.
Net loss attributable to MDC Partners Inc. common shareholders was $243.2 million (inclusive of principally non-cash impairment and other charges of $96.4 million and a $130 million non-cash income tax valuation allowance) in 2020 versus a net loss of $17.6 million in the prior year.
Adjusted EBITDA of $177.3 million in 2020 versus $174.2 million in the prior year, an increase of 1.8%. Adjusted EBITDA Margin of 14.8% in 2020, increasing 250 basis points from 12.3% in the prior year.
Excluding the sales of Kingsdale and Sloane, Adjusted EBITDA increased 5.2% in 2020 compared with the prior year.
Covenant EBITDA of $190.1 million in 2020 versus $180.5 million in 2019, an improvement of 5.3%.
Net New Business wins totaled $29.5 million in the fourth quarter and $90.3 million in 2020.

New York, NY, March 2, 2021 (NASDAQ: MDCA) – MDC Partners Inc. (“MDC Partners” or the “Company”) today announced financial results for the three and twelve months ended December 31, 2020.
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The following information was filed by Mdc Partners Inc (MDCA) on Tuesday, March 2, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Mdc Partners Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Deficit
Acquisitions And Dispositions
Acquisitions And Dispositions (Details Textual)
Basis Of Presentation And Recent Developments
Basis Of Presentation And Recent Developments Basis Of Presentation And Recent Developments (Details)
Changes In Accumulated Other Comprehensive Income (Loss)
Changes In Accumulated Other Comprehensive Income (Loss) (Tables)
Changes In Accumulated Other Comprehensive Income - Schedule Of Changes In Aoci(L) (Details)
Commitments, Contingencies And Guarantees
Commitments, Contingencies And Guarantees (Details Textual)
Debt
Debt (Details Textual)
Debt (Details)
Debt (Tables)
Deferred Acquisition Consideration
Deferred Acquisition Consideration (Details)
Deferred Acquisition Consideration (Tables)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Schedule Of Allocation Of Plan Assets (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Balance Sheet (Details)
Employee Benefit Plans - Schedule Of Amounts Recognized In Other Comprehensive Income (Loss) (Details)
Employee Benefit Plans - Schedule Of Assumptions Used To Determine Benefit Obligation (Details)
Employee Benefit Plans - Schedule Of Assumptions Used To Determine Net Periodic Costs (Details)
Employee Benefit Plans - Schedule Of Benefit Obligations (Details)
Employee Benefit Plans - Schedule Of Changes In Fair Value Of Plan Assets (Details)
Employee Benefit Plans - Schedule Of Defined Benefit Plan Amounts In Other Comprehensive Income (Details)
Employee Benefit Plans - Schedule Of Expected Benefit Payments (Details)
Employee Benefit Plans - Schedule Of Net Periodic Pension Costs (Details)
Employee Benefit Plans - Textual (Details)
Fair Value Measurements
Fair Value Measurements (Details)
Fair Value Measurements (Tables)
Fixed Assets (Tables)
Fixed Assets - Narrative (Details)
Fixed Assets - Schedule Of Fixed Assets (Details)
Fixed Assets Fixed Assets
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Schedule Of Finite-Lived Intangible Assets Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Goodwill (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (Details)
Goodwill And Intangible Assets - Textual (Details)
Income (Loss) Per Common Share
Income (Loss) Per Common Share (Details Textual)
Income (Loss) Per Common Share (Details)
Income (Loss) Per Common Share (Tables)
Income Taxes
Income Taxes (Tables)
Income Taxes - Schedule Of Changes In Tax Reserve (Details)
Income Taxes - Schedule Of Components Of Income Taxes (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Schedule Of Income Before Income Tax, Domestic And Foreign (Details)
Income Taxes - Textual (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases - Lease Costs And Other Quantitative Information (Details)
Leases - Minimum Future Rental Payments (Details)
New Accounting Pronouncements
New Accounting Pronouncements (Details)
Noncontrolling And Redeemable Noncontrolling Interests
Noncontrolling And Redeemable Noncontrolling Interests (Details Textual)
Noncontrolling And Redeemable Noncontrolling Interests (Tables)
Noncontrolling And Redeemable Noncontrolling Interests - Changes In Amounts Due To Noncontrolling Interest (Details)
Noncontrolling And Redeemable Noncontrolling Interests - Changes In Noncontrolling Interests (Details)
Noncontrolling And Redeemable Noncontrolling Interests - Changes In Redeemable Noncontrolling Interests (Details)
Quarterly Results Of Operations
Quarterly Results Of Operations (Details)
Quarterly Results Of Operations (Tables)
Quarterly Results Of Operations - Schedule Of Results Of Operations (Unaudited) (Details)
Related Party Transactions (Details)
Related Party Transactions (Notes)
Revenue
Revenue (Tables)
Revenue - Contract Assets And Liabilities (Details)
Revenue - Disaggregation Of Revenue (Details)
Schedule Ii???????Valuation And Qualifying Accounts
Sec Schedule, Article 12-09, Valuation And Qualifying Accounts (Details)
Segment Information
Segment Information (Details 1)
Segment Information (Tables)
Segment Information - Schedule Of Fixed Assets, Goodwill And Intangibles, Net (Details)
Share Capital
Share Capital - Schedule Of Share Based Compensation Performance And Time Based (Details)
Share Capital - Schedule Of Share Based Compensation, Stock Appreciation Rights (Details) (Details)
Share Capital - Schedule Of Shared Based Compensation, Stock Options (Details)
Share Capital - Textual (Details)
Share Capital Share Capital (Tables)
Significant Accounting Policies
Significant Accounting Policies (Policies)
Significant Accounting Policies - Narrative (Details)
Ticker: MDCA
CIK: 876883
Form Type: 10-K Annual Report
Accession Number: 0000876883-21-000016
Submitted to the SEC: Tue Mar 16 2021 12:47:09 PM EST
Accepted by the SEC: Tue Mar 16 2021
Period: Thursday, December 31, 2020
Industry: Advertising Agencies

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