Company: STGW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000876883-25-000017
Chunk: 59

Company: Stagwell Inc
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 59
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 attributable to the noncontrolling and redeemable noncontrolling interests(3,619)3,713 Comprehensive income (loss) attributable to Stagwell Inc. common shareholders$1,554 $(4,146)

See Notes to the Unaudited Consolidated Financial Statements.

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Table of Contents

STAGWELL INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

 March 31, 2025December 31, 2024ASSETS  Current Assets  Cash and cash equivalents$137,653 $131,339 Accounts receivable, net772,974 716,415 Expenditures billable to clients163,702 173,194 Other current assets147,163 114,200 Total Current Assets1,221,492 1,135,148 Fixed assets, net69,017 72,706 Right-of-use lease assets - operating leases209,720 219,400 Goodwill1,562,490 1,554,146 Other intangible assets, net822,964 836,783 Other assets96,671 90,038 Total Assets$3,982,354 $3,908,221 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS (“RNCI”), AND SHAREHOLDERS’ EQUITYCurrent LiabilitiesAccounts payable$420,779 $449,347 Accrued media295,964 245,883 Accruals and other liabilities219,047 265,356 Advance billings311,329 294,609 Current portion of lease liabilities - operating leases56,390 60,195 Current portion of deferred acquisition consideration37,336 51,906 Total Current Liabilities1,340,845 1,367,296 Long-term debt1,465,323 1,353,624 Long-term portion of deferred acquisition consideration55,941 50,209 Long-term lease liabilities - operating leases224,323 245,397 Deferred tax liabilities, net47,323 47,239 Other liabilities57,850 59,139 Total Liabilities3,191,605 3,122,904 Redeemable Noncontrolling Interests10,856 8,412 Commitments, Contingencies and Guarantees (Note 10)Shareholders