For the Year Ended December 31, 2008
(thousands of United States dollars)
Strategic Marketing Services | Performance Marketing Services Group | Corporate | Total | |||||||||||||||
Revenue | $ | 363,580 | $ | 221,068 | $ | — | $ | 584,648 | ||||||||||
Cost of services sold | 226,699 | 165,446 | — | 392,145 | ||||||||||||||
Office and general expenses | 84,408 | 35,725 | 17,622 | 137,755 | ||||||||||||||
Depreciation and amortization | 24,814 | 9,189 | 401 | 34,404 | ||||||||||||||
Operating Profit (Loss) | $ | 27,659 | $ | 10,708 | $ | (18,023 | ) | 20,344 | ||||||||||
Other Income (Expense): | ||||||||||||||||||
Other expense, net | (14 | ) | ||||||||||||||||
Foreign exchange gain | 13,257 | |||||||||||||||||
Interest expense, net | (13,255 | ) | ||||||||||||||||
Income from continuing operations before income taxes, equity in affiliates | 20,332 | |||||||||||||||||
Income tax expense | (2,397 | ) | ||||||||||||||||
Income from continuing operations before equity in affiliates | 17,935 | |||||||||||||||||
Equity in earnings of non-consolidated affiliates | 349 | |||||||||||||||||
Income from continuing operations | 18,284 | |||||||||||||||||
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes | (10,015 | ) | ||||||||||||||||
Net Income | 8,269 | |||||||||||||||||
Net income attributable to the noncontrolling interests | $ | (5,302 | ) | $ | (2,834 | ) | $ | — | (8,136 | ) | ||||||||
Net income attributable to MDC Partners Inc. | $ | 133 | ||||||||||||||||
Stock-based compensation from continuing operations | $ | 6,162 | $ | 3,697 | $ | 4,578 | $ | 14,437 | ||||||||||
Capital expenditures from continuing operations | $ | 9,192 | $ | 5,094 | $ | 109 | $ | 14,395 | ||||||||||
Goodwill intangibles | $ | 224,793 | $ | 60,273 | $ | — | $ | 285,066 | ||||||||||
Total assets | $ | 358,834 | $ | 132,609 | $ | 37,796 | $ | 529,239 |
For the Year Ended December 31, 2007
(thousands of United States dollars)
Strategic Marketing Services | Performance Marketing Services Group | Corporate | Total | |||||||||||||||
Revenue | $ | 338,524 | $ | 195,359 | $ | — | $ | 533,883 | ||||||||||
Cost of services sold | 201,172 | 142,125 | — | 343,297 | ||||||||||||||
Office and general expenses | 83,644 | 32,442 | 22,148 | 138,234 | ||||||||||||||
Depreciation and amortization | 21,045 | 7,672 | 258 | 28,975 | ||||||||||||||
Operating Profit (Loss) | $ | 32,663 | $ | 13,120 | $ | (22,406 | ) | 23,377 | ||||||||||
Other Income (Expense): | ||||||||||||||||||
Other income, net | 3,165 | |||||||||||||||||
Foreign exchange loss | (7,192 | ) | ||||||||||||||||
Interest expense, net | (11,099 | ) | ||||||||||||||||
Income from continuing operations before income taxes, equity in affiliates | 8,251 | |||||||||||||||||
Income tax expense | (6,081 | ) | ||||||||||||||||
Income from continuing operations before equity in affiliates | 2,170 | |||||||||||||||||
Equity in earnings of non-consolidated affiliates | 165 | |||||||||||||||||
Income from continuing operations | 2,335 | |||||||||||||||||
Loss from discontinued operations attributable to MDC Partners Inc., net of taxes | (8,173 | ) | ||||||||||||||||
Net loss | (5,838 | ) | ||||||||||||||||
Net income attributable to the noncontrolling interests | $ | (17,457 | ) | $ | (3,060 | ) | $ | — | (20,517 | ) | ||||||||
Net loss attributable to MDC Partners Inc. | $ | (26,355 | ) | |||||||||||||||
Stock-based compensation from continuing operations | $ | 5,199 | $ | 575 | $ | 4,443 | $ | 10,217 | ||||||||||
Capital expenditures from continuing operations | $ | 10,267 | $ | 8,976 | $ | 210 | $ | 19,453 | ||||||||||
Goodwill and intangibles | $ | 212,393 | $ | 60,732 | $ | — | $ | 273,125 | ||||||||||
Total assets | $ | 359,489 | $ | 152,134 | $ | 9,075 | $ | 520,698 |