EX-12 2 mdca-20150331xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Three Months Ended March 31, 2015
| 2015 |  | 2014
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Loss from continuing operations attributable to MDC Partners Inc. | $ | (25,797 | ) |  | $ | (8,575 | )
Additions: |  |  |  |  |
Income expense benefit | (4,054 | ) |  | (346 | )
Noncontrolling interest in income of consolidated subsidiaries | 2,380 |  |  | 1,362 |
Fixed charges, as shown below | 18,669 |  |  | 16,125 |
Distributions received from equity-method investees | — |  |  | 8 |
| 16,995 |  |  | 17,149 |
Subtractions: |  |  |  |  |
Equity in income of investees | 351 |  |  | 63 |
Earnings as adjusted | $ | (9,153 | ) |  | $ | 8,511 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 13,602 |  |  | 12,177 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,494 |  |  | 577 |
Interest within rent expense | 3,573 |  |  | 3,371 |
Total fixed charges | $ | 18,669 |  |  | $ | 16,125 |
Ratio of earnings to fixed charges | N/A |  |  | N/A |
Fixed charge deficiency | $ | 27,822 |  |  | $ | 7,614 |