EX-12 3 mdca-20160630xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Six Months Ended June 30,
| 2016 |  | 2015
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income from continuing operations attributable to MDC Partners Inc. | $ | (22,120 | ) |  | $ | 2,434 |
Additions: |  |  |  |  |
Income expense | 2,433 |  |  | 625 |
Noncontrolling interest in income of consolidated subsidiaries | 2,113 |  |  | 5,221 |
Fixed charges, as shown below | 74,023 |  |  | 35,686 |
Distributions received from equity-method investees | — |  |  | 41 |
| 78,569 |  |  | 41,573 |
Subtractions: |  |  |  |  |
Equity in income of investees | (61 | ) |  | 455 |
Earnings as adjusted | $ | 56,510 |  |  | $ | 43,552 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 58,048 |  |  | 27,249 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 7,999 |  |  | 1,135 |
Interest within rent expense | 7,976 |  |  | 7,302 |
Total fixed charges | $ | 74,023 |  |  | $ | 35,686 |
Ratio of earnings to fixed charges | N/A |  |  | 1.22 |
Fixed charge deficiency | $ | 17,513 |  |  | N/A |