EX-12.0 3 mdca-20160331xexhibit12.htm EXHIBIT 12.0
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Three Months Ended March 31,
| 2016 |  | 2015
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income from continuing operations attributable to MDC Partners Inc. | $ | (23,293 | ) |  | $ | (25,797 | )
Additions: |  |  |  |  |
Income expense | (1,972 | ) |  | (4,054 | )
Noncontrolling interest in income of consolidated subsidiaries | 859 |  |  | 2,380 |
Fixed charges, as shown below | 52,767 |  |  | 18,669 |
Distributions received from equity-method investees | — |  |  | — |
| 51,654 |  |  | 16,995 |
Subtractions: |  |  |  |  |
Equity in income of investees | 229 |  |  | 351 |
Earnings as adjusted | $ | 28,132 |  |  | $ | (9,153 | )
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 41,852 |  |  | 13,602 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 7,021 |  |  | 1,494 |
Interest within rent expense | 3,894 |  |  | 3,573 |
Total fixed charges | $ | 52,767 |  |  | $ | 18,669 |
Ratio of earnings to fixed charges | N/A |  |  | N/A |
Fixed charge deficiency | $ | 24,635 |  |  | $ | 27,822 |