MDCA MDC Partners Inc

SCHEDULE 1

MDC PARTNERS INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(US$ in 000s, except per Share Amounts)

Three Months Ended
December 31,

Twelve Months Ended
December 31,

2018 ⁽¹⁾

2017

2018 ⁽¹⁾

2017

Revenue:

Services

$

393,662

$

402,747

$

1,476,203

$

1,513,779

Operating expenses:

Cost of services sold

256,088

268,673

991,198

1,023,476

Office and general expenses

78,919

59,142

349,056

310,455

Depreciation and amortization

10,984

10,558

46,196

43,474

Goodwill and other asset impairment

56,732

4,415

80,057

4,415

402,723

342,788

1,466,507

1,381,820

Operating income (loss)

(9,061)

59,959

9,696

131,959

Other income (expenses):

Interest expense and finance charges, net

(17,070)

(16,055)

(67,075)

(64,364)

Foreign exchange gain (loss)

(13,324)

(660)

(23,258)

18,137

Other income (loss), net

(992)

2,331

230

1,346

(31,386)

(14,384)

(90,103)

(44,881)

Income (loss) before income taxes and equity in earnings of non-consolidated
  affiliates

(40,447)

45,575

(80,407)

87,078

Income tax expense (benefit)

34,970

(185,723)

31,603

(168,064)

Income (loss) before equity in earnings of  non-consolidated affiliates

(75,417)

231,298

(112,010)

255,142

Equity in earnings (losses) of non-consolidated affiliates

(296)

157

62

2,081

Net income (loss)

(75,713)

231,455

(111,948)

257,223

Net income attributable to the noncontrolling interests

(5,885)

(8,787)

(11,785)

(15,375)

Net income (loss) attributable to MDC Partners Inc.

(81,598)

222,668

(123,733)

241,848

Accretion on and net income allocated to convertible preference shares

(2,151)

(35,254)

(8,355)

(36,254)

Net income (loss) attributable to MDC Partners Inc. common shareholders

$

(83,749)

$

187,414

$

(132,088)

$

205,594

Income (loss) Per Common Share:

Basic

Net income (loss) attributable to MDC Partners Inc. common shareholders

$

(1.46)

$

3.33

$

(2.31)

$

3.72

Diluted

Net income (loss) attributable to MDC Partners Inc. common shareholders

$

(1.46)

$

3.30

$

(2.31)

$

3.71

Weighted Average Number of Common Shares Outstanding:

Basic

57,519,286

56,356,265

57,218,994

55,255,797

Diluted

57,519,286

56,793,442

57,218,994

55,481,786

(1) Effective January 1, 2018, we adopted ASC Topic 606, "Revenue from Contracts with Customers" (ASC 606). ASC 606 was applied using the modified retrospective method, with the cumulative effect of the initial adoption being recognized as an adjustment to opening retained earnings at January 1, 2018. As a result, comparative prior periods have not been adjusted and continue to be reported under ASC 605 "Revenue Recognition" (ASC 605). See Schedule 2 in this release, for the impact of the adoption of ASC 606, as required, on the consolidated statement of operations for the three and twelve months ended December 31, 2018.

SCHEDULE 2

MDC PARTNERS INC.

UNAUDITED RECONCILIATION OF COMPONENTS OF NON-GAAP MEASURES

(US$ in 000s, except percentages)

Three months ended December 31, 2018

Twelve months ended December 31, 2018

As Reported

Adjustments

Adjusted to
Exclude the
Impact of
Adoption of
ASC 606

As Reported

Adjustments

Adjusted to
Exclude the
Impact of
Adoption of
ASC 606

Revenue

$

393,662

$

12,459

$

406,121

$

1,476,203

$

51,636

$

1,527,839

Cost of service sold

256,088

14,275

270,363

991,198

62,358

1,053,556

Operating income (loss)

(9,061)

(1,815)

(10,876)

9,696

(10,722)

(1,026)

Net loss attributable to MDC Partners Inc.
  common shareholders

(83,749)

(798)

(84,547)

(132,088)

(6,883)

(138,971)

Loss per common share- basic and diluted

(1.46)

(0.02)

(1.48)

(2.31)

(0.12)

(2.43)

Organic revenue growth

(0.3)

%

—

(0.3)

%

0.1

%

—

0.1

%

Adjusted EBITDA

$

51,959

$

(1,815)

$

50,144

$

162,566

$

(10,722)

$

151,844

margin

13.2

%

12.3

%

11.0

%

9.9

%

* The table above summarizes the impact of the adoption of ASC 606 on our US GAAP and non-GAAP performance metrics.

Note: Actuals may not foot due to rounding

SCHEDULE 3

MDC PARTNERS INC.

UNAUDITED REVENUE RECONCILIATION

(US$ in 000s, except percentages)

Three Months Ended

Twelve Months Ended

Revenue $

% Change

Revenue $

% Change

December 31, 2017 as reported under ASC 605

$

402,747

$

1,513,779

Organic revenue growth (decline) ⁽¹⁾

(1,282)

(0.3)

%

879

0.1

%

Non-GAAP acquisitions (dispositions), net

9,578

2.4

%

13,644

0.9

%

Foreign exchange impact

(4,922)

(1.2)

%

(463)

—

%

Impact of adoption of ASC 606 ⁽²⁾

(12,459)

(3.1)

%

(51,636)

(3.4)

%

Total change

(9,085)

(2.3)

%

(37,576)

(2.5)

%

December 31, 2018 as reported under ASC 606

$

393,662

$

1,476,203

⁽¹⁾ "Organic revenue growth" and "organic revenue decline" refer to the positive or negative results, respectively, of subtracting both the foreign exchange and acquisition (disposition) components from total revenue growth, excluding the impact of adopting ASC 606. The acquisition (disposition) component is calculated by aggregating prior period revenue for any acquired businesses, less the prior period revenue of any businesses that were disposed of during the current period. The organic revenue growth (decline) component reflects the constant currency impact of (a) the change in revenue of the partner firms which the Company has held throughout each of the comparable periods presented, and (b) "non-GAAP acquisitions (dispositions), net". Non-GAAP acquisitions (dispositions), net consists of (i) for acquisitions during the current year, the revenue effect from such acquisition as if the acquisition had been owned during the equivalent period in the prior year and (ii) for acquisitions during the previous year, the revenue effect from such acquisitions as if they had been owned during that entire year (or same period as the current reportable period), taking into account their respective pre-acquisition revenues for the applicable periods, and (iii) for dispositions, the revenue effect from such disposition as if they had been disposed of during the equivalent period in the prior year.

⁽²⁾ In accordance with the adoption of ASC 606, we were required to change certain aspects of our revenue recognition accounting policy as it relates to performance incentives, retainer fees, and certain third-party pass-through and out-of-pocket costs. Under the prior guidelines, performance incentives were recognized in revenue when specific quantitative goals were achieved, or when the Company's performance against qualitative goals was determined by the client. Under ASC 606, the Company now estimates the  amount of the incentive that will be earned at the inception of the contract and recognizes such incentive over the term of the contract. Additionally, previously, fees for non-refundable retainers were generally recognized on a straight-line basis over the term of the specific customer arrangement. Under ASC 606, an input method is typically used to measure progress and recognize revenue for these types of arrangements. Finally, the adoption of ASC 606 resulted in certain client arrangements previously being accounted for as principal, now being accounted for as agent. In these instances, certain third-party pass-through and out-of-pocket costs which were billed to clients in connection with services being provided, are no longer included in revenue and therefore the revenue recorded is equal to the net amount retained.

Note: Actuals may not foot due to rounding

SCHEDULE 4

MDC PARTNERS INC.

UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA

(US$ in 000s, except percentages)

For the Three months ended December 31, 2018, as reported under ASC 606

Global
Integrated
Agencies

Domestic
Creative
Agencies

Specialist
Communications

Media Services

All Other

Corporate

Total

Revenue

$

393,662

$

188,512

$

26,560

$

49,341

$

36,292

$

92,957

$

—

$

393,662

Net loss attributable to MDC Partners Inc. common 
shareholders

(83,749)

Adjustments to reconcile to operating profit (loss):

Accretion on and net income allocated to
convertible preference shares

2,151

Net income attributable to the noncontrolling
interests

5,885

Equity in losses of non-consolidated affiliates

296

Income tax expense

34,970

Interest expense and finance charges, net

17,070

Foreign exchange loss

13,324

Other, net

992

Operating income (loss)

$

860

$

38,771

$

4,101

$

4,158

$

(51,604)

$

5,434

$

(9,921)

$

(9,061)

margin

0.2

%

20.6

%

15.4

%

8.4

%

(142.2)

%

5.8

%

(2.3)

%

Additional adjustments to reconcile to Adjusted
EBITDA:

Depreciation and amortization

10,805

5,072

398

1,089

804

3,442

179

10,984

Goodwill and other asset impairment

56,732

—

—

—

52,041

4,691

—

56,732

Stock-based compensation

964

29

155

172

36

572

570

1,534

Deferred acquisition consideration adjustments

(8,979)

(8,123)

—

(228)

135

(763)

—

(8,979)

Distributions from non- consolidated affiliates ⁽²⁾

—

—

—

—

—

—

270

270

Other items, net ⁽³⁾

—

—

—

—

—

—

479

479

Adjusted EBITDA ⁽¹⁾

$

60,382

$

35,749

$

4,654

$

5,191

$

1,412

$

13,376

$

(8,423)

$

51,959

margin

15.3

%

19.0

%

17.5

%

10.5

%

3.9

%

14.4

%

13.2

%

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure, but as shown above it represents operating profit (loss) plus depreciation and amortization, goodwill and other asset impairment, stock-based compensation, deferred acquisition consideration adjustments, distributions from non-consolidated affiliates, and other items.

⁽²⁾ Distributions from non-consolidated affiliates includes (i) cash received for profit distributions from non-consolidated affiliates, and (ii) consideration from the sale of ownership interests in non-consolidated affiliates less contributions to date plus undistributed earnings (losses).

⁽³⁾ Other items, net includes severance expense and other restructuring expenses, legal fees and related expenses, net of insurance proceeds, relating to the SEC investigation and related class action litigation claims. See Schedule 10 for a reconciliation of amounts.

SCHEDULE 5

MDC PARTNERS INC.

UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA AND COVENANT EBITDA

(US$ in 000s, except percentages)

For the Twelve months ended December 31, 2018, as reported under ASC 606

Advertising and
Communication

Global
Integrated
Agencies

Domestic
Creative
Agencies

Specialist
Communications

Media Services

All Other

Corporate

Total

Revenue

$

1,476,203

$

698,872

$

102,063

$

179,065

$

140,753

$

355,450

$

—

$

1,476,203

Net loss attributable to MDC Partners Inc. common
shareholders

(132,088)

Adjustments to reconcile to operating profit (loss):

Accretion on and net income allocated to
convertible preference shares

8,355

Net income attributable to the noncontrolling
interests

11,785

Equity in earnings of non-consolidated affiliates

(62)

Income tax expense

31,603

Interest expense and finance charges, net

67,075

Foreign exchange loss

23,258

Other, net

(230)

Operating income (loss)

$

64,853

$

44,868

$

18,552

$

18,629

$

(51,196)

$

34,000

$

(55,157)

$

9,696

margin

4.4

%

6.4

%

18.2

%

10.4

%

(36.4)

%

9.6

%

0.7

%

Additional adjustments to reconcile to Adjusted
EBITDA:

Depreciation and amortization

45,434

23,571

1,583

4,252

3,119

12,909

762

46,196

Goodwill and other asset impairment

77,740

21,008

—

—

52,041

4,691

2,317

80,057

Stock-based compensation

13,757

8,521

1,100

714

318

3,104

4,659

18,416

Deferred acquisition consideration adjustments

(457)

(5,345)

—

1,107

318

3,463

—

(457)

Distributions from non- consolidated affiliates ⁽²⁾

—

—

—

—

—

—

779

779

Other items, net ⁽³⁾

—

—

—

—

—

—

7,879

7,879

Adjusted EBITDA ⁽¹⁾

$

201,327

$

92,623

$

21,235

$

24,702

$

4,600

$

58,167

$

(38,761)

$

162,566

13.6

%

13.3

%

20.8

%

13.8

%

3.3

%

16.4

%

11.0

%

Covenant EBITDA ⁽⁴⁾

$

183,146

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure, but as shown above it represents operating profit (loss) plus depreciation and amortization, goodwill and other asset impairment, stock-based compensation, deferred acquisition consideration adjustments, distributions from non-consolidated affiliates, and other items.

⁽²⁾ Distributions from non-consolidated affiliates includes (i) cash received for profit distributions from non-consolidated affiliates, and (ii) consideration from the sale of ownership interests in non-consolidated affiliates less contributions to date plus undistributed earnings (losses).

⁽³⁾ Other items, net includes severance expense and other restructuring expenses, legal fees and related expenses, net of insurance proceeds, relating to the SEC investigation and related class action litigation claims. See Schedule 10 for a reconciliation of amounts.

⁽⁴⁾ Covenant EBITDA consist of adjusted EBITDA of $162.6 million, plus i) severance for eliminated agency positions of $11.9 million, ii) professional fees of $4.6 million, primarily related to the adoption of ASC 606, iii) proforma acquisition EBITDA of $2.4 million and iv) real estate consolidation costs of $1.6 million.

SCHEDULE 6

MDC PARTNERS INC.

UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA

(US$ in 000s, except percentages)

For the Three months ended December 31, 2017, as reported under ASC 605

Advertising and
Communication

Global
Integrated
Agencies

Domestic
Creative
Agencies

Specialist
Communications

Media Services

All Other

Corporate

Total

Revenue

$

402,747

$

212,057

$

27,092

$

47,095

$

44,010

$

72,493

$

—

$

402,747

Net income attributable to MDC Partners Inc.
common shareholders

187,414

Adjustments to reconcile to operating profit (loss):

Accretion on and net income allocated to
convertible preference shares

35,254

Net income attributable to the noncontrolling interests

8,787

Equity in earnings of non-consolidated affiliates

(157)

Income tax benefit

(185,723)

Interest expense and finance charges, net

16,055

Foreign exchange loss

660

Other, net

(2,331)

Operating income (loss)

$

71,833

$

38,618

$

3,922

$

7,304

$

3,957

$

18,032

$

(11,874)

$

59,959

margin

17.8

%

18.2

%

14.5

%

15.5

%

9.0

%

24.9

%

14.9

%

Additional adjustments to reconcile to Adjusted
EBITDA:

Depreciation and amortization

10,324

5,918

410

1,057

820

2,119

234

10,558

Goodwill and other asset impairment

3,238

2,741

—

—

497

—

1,177

4,415

Stock-based compensation

6,945

5,313

353

690

161

428

535

7,480

Deferred acquisition consideration adjustments

(18,173)

(7,763)

—

(1,025)

(1,248)

(8,137)

—

(18,173)

Distributions from non- consolidated affiliates ⁽²⁾

—

—

—

—

—

—

2,716

2,716

Other items, net ⁽³⁾

—

—

—

—

—

—

(112)

(112)

Adjusted EBITDA ⁽¹⁾

$

74,167

$

42,086

$

4,685

$

8,026

$

3,690

$

15,680

$

(7,324)

$

66,843

margin

18.4

%

19.8

%

17.3

%

17.0

%

8.4

%

21.6

%

16.6

%

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure, but as shown above it represents operating profit (loss) plus depreciation and amortization, goodwill and other asset impairment, stock-based compensation, deferred acquisition consideration adjustments, distributions from non-consolidated affiliates, and other items.

⁽²⁾ Distributions from non-consolidated affiliates includes (i) cash received for profit distributions from non-consolidated affiliates, and (ii) consideration from the sale of ownership interests in non-consolidated affiliates less contributions to date plus undistributed earnings (losses).

⁽³⁾ Other items, net includes legal fees and related expenses, net of insurance proceeds, relating to the SEC investigation and related class action litigation claims. See Schedule 10 for a reconciliation of amounts.

Note: Due to changes in the Company's internal management and reporting structure during 2018, reportable segment results for the 2017 periods presented have been recasted to reflect the reclassification of certain businesses between segments. The changes were as follows: 1) Source Marketing, previously within the All Other category, was included within the Doner operating segment, which is aggregated into the Global Integrated Agencies reportable segment, 2) Yamamoto, previously within the All Other category, was included within the Domestic Creative Agencies reportable segment, and 3) Bruce Mau Design, Hello Design and Northstar Research Partners, previously within the All Other category, and Varick Media Management, previously within the Media Services reportable segment, were included into a newly formed operating segment, Yes & Company, which is aggregated within the Media Services reportable segment.

SCHEDULE 7

MDC PARTNERS INC.

UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA

(US$ in 000s, except percentages)

For the Twelve months ended December 31, 2017, as reported under ASC 605

Advertising and
Communication

Global
Integrated
Agencies

Domestic
Creative
Agencies

Specialist
Communications

Media Services

All Other

Corporate

Total

Revenue

$

1,513,779

$

797,347

$

104,417

$

172,565

$

166,216

$

273,234

$

—

$

1,513,779

Net income attributable to MDC Partners Inc.
common shareholders

205,594

Adjustments to reconcile to operating profit (loss):

Accretion on and net income allocated to
convertible preference shares

36,254

Net income attributable to the noncontrolling
interests

15,375

Equity in earnings of non-consolidated affiliates

(2,081)

Income tax benefit

(168,064)

Interest expense and finance charges, net

64,364

Foreign exchange gain

(18,137)

Other, net

(1,346)

Operating income (loss)

$

172,815

$

71,857

$

19,333

$

20,728

$

13,126

$

47,771

$

(40,856)

$

131,959

margin

11.4

%

9.0

%

18.5

%

12.0

%

7.9

%

17.5

%

8.7

%

Additional adjustments to reconcile to Adjusted
EBITDA:

Depreciation and amortization

42,376

23,831

1,582

4,714

4,052

8,197

1,098

43,474

Goodwill and other asset impairment

3,238

2,741

—

—

497

—

1,177

4,415

Stock-based compensation

22,216

15,225

887

2,954

656

2,494

2,134

24,350

Deferred acquisition consideration adjustments

(4,898)

4,604

359

(419)

(819)

(8,623)

—

(4,898)

Distributions from non- consolidated affiliates ⁽²⁾

105

—

—

105

—

—

3,834

3,939

Other items, net ⁽³⁾

—

—

—

—

—

—

253

253

Adjusted EBITDA ⁽¹⁾

$

235,852

$

115,517

$

22,161

$

28,082

$

17,015

$

53,077

$

(32,360)

$

203,492

margin

15.6

%

14.5

%

21.2

%

16.3

%

10.2

%

19.4

%

13.4

%

⁽¹⁾ Adjusted EBITDA is a non-GAAP measure, but as shown above it represents operating profit (loss) plus depreciation and amortization, goodwill and other asset impairment, stock-based compensation, deferred acquisition consideration adjustments, distributions from non-consolidated affiliates, and other items.

⁽²⁾ Distributions from non-consolidated affiliates includes (i) cash received for profit distributions from non-consolidated affiliates, and (ii) consideration from the sale of ownership interests in non-consolidated affiliates less contributions to date plus undistributed earnings (losses).

⁽³⁾ Other items, net includes legal fees and related expenses, net of insurance proceeds, relating to the SEC investigation and related class action litigation claims. See Schedule 10 for a reconciliation of amounts.

Note: Due to changes in the Company's internal management and reporting structure during 2018, reportable segment results for the 2017 periods presented have been recasted to reflect the reclassification of certain businesses between segments. The changes were as follows: 1) Source Marketing, previously within the All Other category, was included within the Doner operating segment, which is aggregated into the Global Integrated Agencies reportable segment, 2) Yamamoto, previously within the All Other category, was included within the Domestic Creative Agencies reportable segment, and 3) Bruce Mau Design, Hello Design and Northstar Research Partners, previously within the All Other category, and Varick Media Management, previously within the Media Services reportable segment, were included into a newly formed operating segment, Yes & Company, which is aggregated within the Media Services reportable segment.

SCHEDULE 8

MDC PARTNERS INC.

UNAUDITTED CONSOLIDATED BALANCE SHEETS

(US$ in 000s)

December 31,

2018

2017

ASSETS

Current Assets:

Cash and cash equivalents

$

30,873

$

46,179

Cash held in trusts

—

4,632

Accounts receivable, less allowance for doubtful accounts of $1,879 and $2,453

395,200

434,072

Expenditures billable to clients

42,369

31,146

Assets held for sale

78,913

—

Other current assets

42,499

26,742

Total Current Assets

589,854

542,771

Fixed assets, at cost, less accumulated depreciation of $128,546 and $123,599

88,189

90,306

Investment in non-consolidated affiliates

6,556

6,307

Goodwill

740,955

835,935

Other intangible assets, net, less accumulated amortization of $161,868 and $173,546

67,765

70,605

Deferred tax assets

92,741

115,325

Other assets

25,513

37,643

Total Assets

$

1,611,573

$

1,698,892

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS, AND SHAREHOLDERS' DEFICIT

Current Liabilities:

Accounts payable

$

221,995

$

244,527

Trust liability

—

4,632

Accruals and other liabilities

312,785

327,812

Liabilities held for sale

35,967

—

Advance billings

138,505

148,133

Current portion of long-term debt

356

313

Current portion of deferred acquisition consideration

32,928

50,213

Total Current Liabilities

742,536

775,630

Long-term debt, less current portion

954,229

882,806

Long-term portion of deferred acquisition consideration

50,767

72,213

Other liabilities

54,133

54,110

Deferred tax liabilities

5,329

6,760

Total Liabilities

1,806,994

1,791,519

Redeemable Noncontrolling Interests

51,546

62,886

Commitments, Contingencies and Guarantees

Shareholders' Deficit:

Convertible preference shares, 95,000 authorized, issued and outstanding at December 31, 2018 and 2017

90,123

90,220

Common stock and other paid in capital

58,579

38,191

Accumulated deficit

(464,903)

(340,000)

Accumulated other comprehensive loss

4,720

(1,954)

MDC Partners Inc. Shareholders' Deficit

(311,481)

(213,543)

Noncontrolling Interests

64,514

58,030

Total Shareholders' Deficit

(246,967)

Total liabilities, redeemable noncontrolling interests and shareholders' deficit

$

1,611,573

$

1,698,892

SCHEDULE 9

MDC PARTNERS INC.

UNAUDITTED SUMMARY CASH FLOW DATA

(US$ in 000s)

Twelve Months Ended December 31,

2018

2017

Net cash provided by operating activities

$

17,280

$

71,786

Net cash used in investing activities

(50,431)

(20,884)

Net cash provided by (used in) financing activities

21,434

(32,599)

Effect of exchange rate changes on cash, cash equivalents and cash held in trusts

77

—

(754)

Net increase (decrease) in cash, cash equivalents and cash held in trusts including cash
classified within assets held for sale

$

(11,640)

—

$

17,549

Net decrease in cash, cash equivalents and cash held in trusts classified within assets held
for sale

(8,298)

—

Net increase(decrease) in cash, cash equivalents, and cash held in trusts

$

(19,938)

$

17,549

Note: Effective January 1, 2018, we adopted ASU 2016-15, "Statement of Cash Flows", which clarifies how cash receipts and cash payments in certain transactions are presented and classified on the statement of cash flows. We applied ASU 2016-15 on a retrospective basis, and accordingly the prior period has been reclassified to conform to the new standard.

SCHEDULE 10

MDC PARTNERS INC.

UNAUDITTED RECONCILIATION OF COMPONENTS OF NON- GAAP MEASURES

(US$ in 000s)

2017

2018

Q1

Q2

Q3

Q4

FY

Q1

Q2

Q3

Q4

FY

NON-GAAP ACQUISITIONS
(DISPOSITIONS), NET

GAAP revenue from current year acquisitions

$

—

$

—

$

—

$

—

$

—

$

—

$

11,066

$

12,734

$

12,317

$

36,117

GAAP revenue from prior year acquisitions ⁽¹⁾

18,552

24,983

—

—

43,535

—

—

—

—

—

Impact of adoption of ASC 606 exclusion

—

—

—

—

—

—

450

(1,122)

504

(168)

Foreign exchange impact

1,046

1,341

—

—

2,387

—

—

—

—

—

Contribution to organic revenue (growth)
decline ⁽²⁾

1,470

(6,399)

—

—

(4,929)

—

(3,417)

(945)

(3,243)

(7,605)

Prior year revenue from dispositions ⁽³⁾

(691)

(660)

(3,153)

(6,103)

(10,607)

(5,261)

(5,592)

(3,847)

—

(14,700)

Non-GAAP acquisitions (dispositions), net

$

20,377

$

19,265

$

(3,153)

$

(6,103)

$

30,386

$

(5,261)

$

2,507

$

6,820

$

9,578

$

13,644

2017

2018

Q1

Q2

Q3

Q4

FY

Q1

Q2

Q3

Q4

FY

OTHER ITEMS, NET

SEC investigation and class action litigation
expenses

$

339

$

382

$

330

$

287

$

1,338

$

122

$

235

$

(88)

$

131

$

400

D&O insurance proceeds

(204)

(482)

—

(399)

(1,085)

—

(303)

(231)

(24)

(558)

Severance and other restructuring expenses

—

—

—

—

—

—

—

7,665

372

8,037

Total other items, net

$

135

$

(100)

$

330

$

(112)

$

253

$

122

$

(68)

$

7,346

$

479

$

7,879

2017

2018

Q1

Q2

Q3

Q4

FY

Q1

Q2

Q3

Q4

FY

CASH INTEREST, NET & OTHER

Cash interest paid

$

(999)

$

(30,567)

$

(758)

$

(30,571)

$

(62,895)

$

(649)

$

(30,765)

$

(1,597)

$

(31,001)

$

(64,012)

Bond interest accruals adjustment

(14,625)

14,625

(14,625)

14,625

—