Company: STGW
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000876883-25-000024
Chunk: 53

Company: Stagwell Inc
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 53
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)(amounts in thousands)

 Six Months Ended June 30,20252024Supplemental Cash Flow Information:Cash income taxes paid$14,303 $10,636 Cash interest paid46,800 42,444 Non-cash investing and financing activities:Acquisitions of business15,300 7,193 Acquisitions of noncontrolling interest— 10,167 Share issuances— 341 Addition to deferred tax asset related to exchange of Paired Units204,722 — Addition to Tax Receivables Agreement liability related to exchange of Paired Units200,119 — Conversion of Class C to Class A shares447,562 — Non-cash payment of deferred acquisition consideration— 18,208 

See Notes to the Unaudited Consolidated Financial Statements.

7

Table of ContentsSTAGWELL INC. AND SUBSIDIARIESUNAUDITED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(amounts in thousands)

Three Months Ended June 30, 2025 Common Shares - Class ACommon Shares - Class CPaid-in CapitalRetained EarningsAccumulated Other Comprehensive LossStagwell Inc. Shareholders’ EquityNoncontrolling InterestsShareholders’ EquitySharesAmountSharesAmountBalance at March 31, 2025113,894 $114 151,649 $2 $343,082 $10,504 $(19,302)$334,400 $445,493 $779,893 Net income (loss)— — — — — (5,261)— (5,261)627 (4,634)Other comprehensive income— — — — — — 24,068 24,068 — 24,068 Total other comprehensive income (loss)— — — — — (5,261)24,068 18,807 627 19,434 Distributions to noncontrolling interests— — — — — — — — (2,459)(2,459)Changes in redemption value of RNCI, net of tax— — — — — (321)— (321)— (321)Restricted awards granted or vested4,174 4 — — 295 — — 299 — 299 Shares repurchased and cancelled(