EX-12 4 mdca-20150630xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Six Months Ended June 30,
| 2015 |  | 2014
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income from continuing operations attributable to MDC Partners Inc. | $ | 2,434 |  |  | $ | 9,231 |
Additions: |  |  |  |  |
Income expense | 625 |  |  | 3,030 |
Noncontrolling interest in income of consolidated subsidiaries | 5,221 |  |  | 3,111 |
Fixed charges, as shown below | 35,686 |  |  | 33,242 |
Distributions received from equity-method investees | 41 |  |  | 8 |
| 41,573 |  |  | 39,391 |
Subtractions: |  |  |  |  |
Equity in income of investees | 455 |  |  | 142 |
Earnings as adjusted | $ | 43,552 |  |  | $ | 48,480 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 27,249 |  |  | 25,496 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,135 |  |  | 1,145 |
Interest within rent expense | 7,302 |  |  | 6,601 |
Total fixed charges | $ | 35,686 |  |  | $ | 33,242 |
Ratio of earnings to fixed charges | 1.22 |  |  | 1.46 |
Fixed charge deficiency | N/A |  |  | N/A |