EX-12 3 v350901_ex12.htm EXHIBIT 12

Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

		Six Months Ended
		June 30,
		2013				2012
		(000’s)				(000’s)
Earnings:
Loss from continuing operations attributable to MDC Partners Inc.		$	(31,506	)		$	(42,810	)
Additions:
Income tax expense (benefit)			(12,523	)			3,807
Noncontrolling interest in income of consolidated subsidiaries			2,500				3,307
Fixed charges, as shown below			84,842				28,505
Distributions received from equity-method investees			3,096				166
			77,915				35,785
Subtractions:
Equity in income (loss) of investees			123				306
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges			—				—
			123				306
Earnings as adjusted		$	46,286			$	(7,331	)
Fixed charges:
Interest on indebtedness, expensed or capitalized			72,088				21,697
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized			6,303				1,129
Interest within rent expense			6,451				5,679
Total fixed charges		$	84,842			$	28,505
Ratio of earnings to fixed charges			N/A				N/A
Fixed charge deficiency		$	38,556				35,836