EX-12 2 v323274_ex12.htm EXHIBIT12

Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

		Nine Months Ended
		September 30,
		2012				2011
		(000’s)				(000’s)
Earnings:
Loss from continuing operations attributable to MDC Partners Inc.		$	(57,738	)		$	(25,065	)
Additions:
Income tax expense			6,014				904
Noncontrolling interest in income of consolidated subsidiaries			4,428				6,537
Fixed charges, as shown below			43,218				37,536
Distributions received from equity-method investees			542				4,067
			54,202				49,044
Subtractions:
Equity in income of investees			399				214
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges			—				—
			399				214
Earnings as adjusted		$	(3,935	)		$	23,765
Fixed charges:
Interest on indebtedness, expensed or capitalized			32,722				29,368
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized			1,698				1,662
Interest within rent expense			8,798				6,506
Total fixed charges		$	43,218			$	37,536
Ratio of earnings to fixed charges			N/A				0.63
Fixed charge deficiency		$	47,153				13,771