EX-12 2 mdca-20160930xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Nine Months Ended September 30,
| 2016 |  | 2015
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Loss from continuing operations attributable to MDC Partners Inc. | $ | (55,650 | ) |  | $ | (4,854 | )
Additions: |  |  |  |  |
Income tax expense (benefit) | 1,893 |  |  | (566 | )
Net income attributable to the noncontrolling interests | 3,172 |  |  | 7,343 |
Fixed charges, as shown below | 95,444 |  |  | 54,337 |
Distributions received from equity-method investments | 123 |  |  | 71 |
| 100,632 |  |  | 61,185 |
Subtractions: |  |  |  |  |
Equity in earnings of non-consolidated affiliates | 9 |  |  | 627 |
Earnings as adjusted | $ | 44,973 |  |  | $ | 55,704 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 73,851 |  |  | 41,320 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 8,736 |  |  | 1,702 |
Interest within rent expense | 12,857 |  |  | 11,315 |
Total fixed charges | $ | 95,444 |  |  | $ | 54,337 |
Ratio of earnings to fixed charges | N/A |  |  | 1.03 |
Fixed charge deficiency | $ | 50,471 |  |  | N/A |