EX-12 2 mdca-20170331xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Three Months Ended March 31,
| 2017 |  | 2016
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Loss from continuing operations attributable to MDC Partners Inc. | $ | (10,566 | ) |  | $ | (23,293 | )
Additions: |  |  |  |  |
Income tax expense (benefit) | 3,969 |  |  | (1,972 | )
Net income attributable to the noncontrolling interests | 883 |  |  | 859 |
Fixed charges, as shown below | 21,737 |  |  | 52,767 |
Distributions received from equity-method investments | — |  |  | — |
| 26,589 |  |  | 51,654 |
Subtractions: |  |  |  |  |
Equity in earnings (losses) of non-consolidated affiliates | (139 | ) |  | 229 |
Earnings as adjusted | $ | 16,162 |  |  | $ | 28,132 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 16,026 |  |  | 41,852 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 742 |  |  | 7,021 |
Interest within rent expense | 4,969 |  |  | 3,894 |
Total fixed charges | $ | 21,737 |  |  | $ | 52,767 |
Ratio of earnings to fixed charges | N/A |  |  | N/A |
Fixed charge deficiency | $ | 5,575 |  |  | $ | 24,635 |