Stagwell Inc (MDCA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Global Integrated Agencies						688.0	712.8	653.0
All Other	20.0	25.8	21.3	330.5	346.6	244.5	247.8	295.3
Domestic Creative Agencies						277.6	97.2	91.7
Other	2,667.8	1,443.5	866.8	1,085.3	1,128.5	303.7	328.0	286.3
Total revenues [+]	2,687.8	1,469.4	888.0	1,415.8	1,475.1	1,513.8	1,385.8	1,326.3
Services								1,326.3
Revenue growth [+]	82.9%	65.5%	-37.3%	-4.0%	-2.6%	9.2%	4.5%	8.4%
Global Integrated Agencies						-3.5%	9.2%
All Other	-22.8%	21.6%	-93.6%	-4.6%	41.8%	-1.3%	-16.1%
Domestic Creative Agencies						185.6%	6.0%
Cost of goods sold	1,673.6	906.9	571.6	961.1	991.2	1,023.5	936.1	879.7
Gross profit	1,014.2	562.5	316.4	454.7	483.9	490.3	449.7	446.5
Gross margin	37.7%	38.3%	35.6%	32.1%	32.8%	32.4%	32.4%	33.7%
Selling, general and administrative [+]	601.5	424.0	191.7	328.3	349.1	310.5	306.3	322.2
General and administrative	601.5	424.0	191.7	328.3	349.1	310.5	306.3	322.2
Equity in earnings	-0.1	-0.2	0.1	0.4	0.1	2.1	-0.3	1.1
Other operating expenses				-6.2	7.9		33.3
EBITDA [+]	412.6	138.2	124.8	132.9	127.0	181.9	109.8	125.4
EBITDA growth	198.5%	10.7%	-6.1%	4.6%	-30.2%	65.7%	-12.4%	-8.0%
EBITDA margin	15.4%	9.4%	14.1%	9.4%	8.6%	12.0%	7.9%	9.5%
Depreciation	131.3	77.5	41.0	38.3	46.2	23.9	22.3	18.9
EBITA	281.3	60.7	83.8	94.6	80.8	158.1	87.5	106.5
EBITA margin	10.5%	4.1%	9.4%	6.7%	5.5%	10.4%	6.3%	8.0%
Amortization of intangibles						19.6	24.2	33.4
EBIT [+]	281.3	60.7	83.8	94.6	80.8	138.5	63.3	73.2
EBIT growth	363.3%	-27.5%	-11.4%	17.0%	-41.6%	118.6%	-13.4%	-17.9%
EBIT margin	10.5%	4.1%	9.4%	6.7%	5.5%	9.1%	4.6%	5.5%
Non-recurring items [+]	122.2	16.2		14.8	79.3	4.4	15.2
Asset impairment	122.2	16.2		8.6	87.2	4.4	48.5
Interest expense, net [+]	76.1	31.9	6.2	64.9	67.1	64.4	65.1	57.4
Interest expense	76.1	31.9	6.2	64.9	67.1	64.4	65.1	57.9
Interest income								0.5
Other income (expense), net [+]	-9.6	47.0	-0.2	6.0	-23.1	17.4	-32.8	-33.1
Gain (loss) on foreign currency transactions	-2.6	-3.3	-0.7	8.8	-23.3	18.1	0.2	-39.3
Other	-7.1	50.1	0.5	-2.4	0.2	1.3	0.4	7.2
Pre-tax income	73.5	59.6	77.3	20.9	-88.7	87.1	-49.7	-17.4
Income taxes	7.6	23.4	5.9	10.3	29.6	-168.1	-9.4	3.8
Tax rate	10.3%	39.3%	7.7%	49.4%			18.9%
Minority interest	-38.6	-14.9	-15.1	16.2	11.8	15.4	5.2	9.1
Earnings from continuing ops	27.3	21.0	56.4	-5.3	-130.0	241.8	-45.8	-29.2
Earnings from discontinued ops								-6.3
Net income	27.3	21.0	56.4	-5.3	-130.0	241.8	-45.8	-35.5
Net margin	1.0%	1.4%	6.3%	-0.4%	-8.8%	16.0%	-3.3%	-2.7%

Basic EPS [+]	$0.22	$0.23	$44,443.80	($0.08)	($2.27)	$4.38	($0.89)	($0.58)
Growth	-5.7%	-100.0%	-58490363.8%	-96.7%	-151.9%	-590.3%	52.6%	19092.1%
Diluted EPS [+]	$0.09	$0.23	$0.78	($0.08)	($2.27)	$4.36	($0.89)	($0.58)
Growth	-60.5%	-70.1%	-1122.6%	-96.7%	-152.1%	-588.3%	52.6%	19092.1%

Dividends per share [+]						$0.01	$0.64	$0.85
Growth					-100.0%	-99.2%	-24.4%	11.5%

Shares outstanding (basic) [+]	124.3	90.4	0.0	69.1	57.2	55.3	51.3	49.9
Growth	37.4%	7131129.1%	-100.0%	20.8%	3.6%	7.6%	2.9%	0.7%
Shares outstanding (diluted) [+]	296.6	90.4	72.5	69.1	57.2	55.5	51.3	49.9
Growth	228.0%	24.7%	4.9%	20.8%	3.1%	8.1%	2.9%	0.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.