Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 142

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 142
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rolling interests in mezzanine equity in the Consolidated Balance Sheets at their estimated acquisition date redemption value and adjusted at each reporting period for 

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changes to their estimated redemption value through Retained earnings (but not less than their initial redemption value), except for foreign currency translation adjustments.The following table presents Net income (loss) attributable to noncontrolling and redeemable noncontrolling interests between Class C shareholders and other equity interest holders for the years ended December 31,:202420232022(dollars in thousands)Net income attributable to Class C shareholders$17,144 $39,066 $16,004 Net income attributable to other equity interest holders2,636 3,076 5,986 Net income attributable to noncontrolling interests$19,780 $42,142 $21,990 Net income (loss) attributable to redeemable noncontrolling interests3,005 (634)8,135 Net income attributable to noncontrolling and redeemable noncontrolling interests$22,785 $41,508 $30,125 The following table presents noncontrolling interests between Class C shareholders and other equity interest holders as of December 31,:20242023(dollars in thousands)Noncontrolling interest of Class C shareholders$423,428 $436,215 Noncontrolling interest of other equity interest holders (1)21,746 32,362 Total noncontrolling interests$445,174 $468,577 (1) In January 2024, the Company entered into an agreement to purchase the remaining noncontrolling ownership interest in a subsidiary it previously controlled, the consideration for which was a portion of the subsidiary that was transferred to the noncontrolling interest owner. The non-cash purchase resulted in a reduction of the subsidiary noncontrolling interest by approximately $10.2 million.The following table presents changes in redeemable noncontrolling interests for the years ended December 31,:20242023(dollars in thousands)Beginning balance$10,792 $39,111 Redemptions (1)(17,039)(22,172)Additions1,127 — Distributions(2,880)(5,800)Changes in redemption value (2)13,363 442 Net income (loss) attributable to redeemable noncontrolling interests3,005 (634)Currency translation adjustment44 (155)Ending balance$8,412 $10,792 (1