EX-12 2 mdca-20170930xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Nine Months Ended September 30,
| 2017 |  | 2016
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) from continuing operations attributable to MDC Partners Inc. | $ | 19,180 |  |  | $ | (54,937 | )
Additions: |  |  |  |  |
Income tax expense | 17,659 |  |  | 1,180 |
Net income attributable to the noncontrolling interests | 6,588 |  |  | 3,172 |
Fixed charges, as shown below | 64,161 |  |  | 95,444 |
Distributions received from equity-method investments | — |  |  | 123 |
| 88,408 |  |  | 99,796 |
Subtractions: |  |  |  |  |
Equity in earnings of non-consolidated affiliates | 1,924 |  |  | 9 |
Earnings as adjusted | $ | 105,664 |  |  | $ | 44,850 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 46,841 |  |  | 73,851 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 2,018 |  |  | 8,736 |
Interest within rent expense | 15,302 |  |  | 12,857 |
Total fixed charges | $ | 64,161 |  |  | $ | 95,444 |
Ratio of earnings to fixed charges | 1.65 |  |  | N/A |
Fixed charge deficiency | N/A |  |  | $ | 50,471 |