Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 60

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 60
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’ EquityCommon shares - Class A114 115 Common shares - Class C2 2 Paid-in capital343,082 343,647 Retained earnings10,504 11,740 Accumulated other comprehensive loss(19,302)(23,773)Stagwell Inc. Shareholders’ Equity334,400 331,731 Noncontrolling interests445,493 445,174 Total Shareholders’ Equity779,893 776,905 Total Liabilities, Redeemable Noncontrolling Interests and Shareholders’ Equity$3,982,354 $3,908,221  

See Notes to the Unaudited Consolidated Financial Statements.

5

Table of ContentsSTAGWELL INC. AND SUBSIDIARIESUNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (amounts in thousands)

 Three Months Ended March 31,20252024Cash flows from operating activities:Net loss$(5,325)$(713)Adjustments to reconcile net income to cash used in operating activities:Stock-based compensation11,543 16,116 Depreciation and amortization42,006 34,836 Amortization of right-of-use lease assets and lease liability interest17,118 20,912 Impairment and other (gains) losses(3,529)1,500 Deferred income taxes(747)(655)Adjustment to deferred acquisition consideration6,657 154 Other, net(2,060)292 Changes in working capital:Accounts receivable(44,701)(42,976)Expenditures billable to clients11,095 6,681 Other assets(32,778)(19,584)Accounts payable(35,287)22,206 Accrued expenses and other liabilities(19,075)(63,856)Advance billings15,628 (6,124)Current portion of lease liabilities - operating leases(20,558)(21,660)Deferred acquisition related payments— (250)Net cash used in operating activities(60,013)(53,121)Cash flows from investing activities:Capitalized software(11,966)(8,794)Capital expenditures(3,912)(5,439)Acquisitions, net of cash acquired(1,090)(11,673)Other(3,391)(218)Net cash used in investing activities(20,359)(26,124)Cash flows from financing activities: