EX-12 2 mdca-20170630xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Six Months Ended June 30,
| 2017 |  | 2016
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) from continuing operations attributable to MDC Partners Inc. | $ | 687 |  |  | $ | (22,797 | )
Additions: |  |  |  |  |
Income tax expense | 8,610 |  |  | 3,110 |
Net income attributable to the noncontrolling interests | 3,097 |  |  | 2,113 |
Fixed charges, as shown below | 42,555 |  |  | 74,023 |
Distributions received from equity-method investments | — |  |  | — |
| 54,262 |  |  | 79,246 |
Subtractions: |  |  |  |  |
Equity in earnings (losses) of non-consolidated affiliates | 502 |  |  | (61 | )
Earnings as adjusted | $ | 54,447 |  |  | $ | 56,510 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 30,976 |  |  | 58,048 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,480 |  |  | 7,999 |
Interest within rent expense | 10,099 |  |  | 7,976 |
Total fixed charges | $ | 42,555 |  |  | $ | 74,023 |
Ratio of earnings to fixed charges | 1.28 |  |  | N/A |
Fixed charge deficiency | N/A |  |  | $ | 17,513 |