Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 161

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 161
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57,179 Depreciation and amortization142,831 Deferred acquisition consideration13,060 Impairment and other losses11,395 Other items, net45,147 Operating Income90,527 Interest expense, net(90,644)Foreign exchange, net(2,960)Gain on sale of business94,505 Other, net(359)542 Income before income taxes and equity in earnings of non-consolidated affiliates91,069 Income tax expense40,557 Income before equity in earnings of non-consolidated affiliates50,512 Equity in loss of non-consolidated affiliates(8,870)Net income41,642 Net income attributable to noncontrolling and redeemable noncontrolling interests(41,508)Net income attributable to Stagwell Inc. common shareholders$134 (1) Total consolidated revenue of $2,527,177 also includes revenue associated with operating segments that do not meet the aggregation criteria and elimination of certain intercompany service and  revenue, which amounted to $46,585.*For each reportable segment, Unbillable and other costs includes costs to fulfill customer contract requirements such as research and subscription related costs, audience measurement, data and analytics, and panels and survey costs; and also includes travel related expenses associated with contract fulfillment.

100

Year Ended December 31, 2022Integrated Agencies NetworkBrand Performance NetworkCommunicationsAll OtherCorporateTotal(dollars in thousands)Revenue$1,474,970 $757,208 $435,652 $19,962 $— $2,687,792 Adjusted EBITDA$292,293 $115,835 $87,032 $(931)$(43,111)$451,118 Stock-based compensation33,152 Depreciation and amortization131,273 Deferred acquisition consideration(13,405)Impairment and other losses122,179 Other items, net18,691 Operating Income159,228 Interest expense, net(76,062)Foreign exchange, net(2,606)Other, net(4,975)(83,643)Income before income taxes and equity in earnings of non-consolidated affiliates75,585 Income tax expense25,462 Income before equity in earnings of non-consolidated affiliates50,123 Equity in loss of non-consolidated affiliates(79)Net income50,044 Net income attributable to noncontrolling and redeemable