EX-12 2 v358719_ex12.htm EXHIBIT 12

Exhibit 12

Statement of Computation of Ratio of Earnings to Fixed Charges

		Nine Months Ended
		September 30,
		2013			2012
		(000’s)			(000’s)
Earnings:
Loss from continuing operations attributable to MDC Partners Inc.		$	(43,501)		$	(54,949)
Additions:
Income tax expense (benefit)			(8,189)			6,014
Noncontrolling interest in income of consolidated subsidiaries			4,410			5,159
Fixed charges, as shown below			98,673			43,055
Distributions received from equity-method investees			3,244			542
			98,138			54,770
Subtractions:
Equity in income (loss) of investees			196			399
Noncontrolling interest in earnings of consolidated subsidiaries that have not     incurred fixed charges			—			—
			196			399
Earnings as adjusted		$	54,441		$	(578)
Fixed charges:
Interest on indebtedness, expensed or capitalized			81,935			32,722
Amortization of debt discount and expense and premium on indebtedness,     expensed or capitalized			7,045			1,698
Interest within rent expense			9,693			8,635
Total fixed charges		$	98,673		$	43,055
Ratio of earnings to fixed charges			N/A			N/A
Fixed charge deficiency		$	44,232			43,633