EX-12 2 mdca-20140930xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Nine Months Ended September 30, 2014
| 2014 |  | 2013
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) from continuing operations attributable to MDC Partners Inc. | $ | 3,000 |  |  | $ | (43,651 | )
Additions: |  |  |  |  |
Income expense (benefit) | 2,781 |  |  | (8,189 | )
Noncontrolling interest in income of consolidated subsidiaries | 4,796 |  |  | 4,407 |
Fixed charges, as shown below | 51,075 |  |  | 98,666 |
Distributions received from equity-method investees | 8 |  |  | 3,096 |
| 58,660 |  |  | 97,980 |
Subtractions: |  |  |  |  |
Equity in income of investees | 223 |  |  | 196 |
Earnings as adjusted | $ | 61,437 |  |  | $ | 54,133 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 38,951 |  |  | 81,935 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,704 |  |  | 7,045 |
Interest within rent expense | 10,420 |  |  | 9,686 |
Total fixed charges | $ | 51,075 |  |  | $ | 98,666 |
Ratio of earnings to fixed charges | 1.20 |  |  | N/A |
Fixed charge deficiency | N/A |  |  | $ | 44,533 |