EX-12 2 mdca-20150930xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Nine Months Ended September 30,
| 2015 |  | 2014
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income from continuing operations attributable to MDC Partners Inc. | $ | (4,854 | ) |  | $ | 5,678 |
Additions: |  |  |  |  |
Income expense | (566 | ) |  | 2,764 |
Noncontrolling interest in income of consolidated subsidiaries | 7,343 |  |  | 4,796 |
Fixed charges, as shown below | 54,337 |  |  | 50,729 |
Distributions received from equity-method investees | 71 |  |  | 8 |
| 61,185 |  |  | 58,297 |
Subtractions: |  |  |  |  |
Equity in income of investees | 627 |  |  | 223 |
Earnings as adjusted | $ | 55,704 |  |  | $ | 63,752 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 41,320 |  |  | 38,959 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,702 |  |  | 1,704 |
Interest within rent expense | 11,315 |  |  | 10,066 |
Total fixed charges | $ | 54,337 |  |  | $ | 50,729 |
Ratio of earnings to fixed charges | 1.03 |  |  | 1.26 |
Fixed charge deficiency | N/A |  |  | N/A |