EX-12 2 mdca-20180331xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Three Months Ended March 31,
| 2018 |  | 2017
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) from continuing operations attributable to MDC Partners Inc. | $ | (29,416 | ) |  | $ | (10,566 | )
Additions: |  |  |  |  |
Income tax expense | (8,330 | ) |  | 3,969 |
Net income attributable to the noncontrolling interests | 897 |  |  | 883 |
Fixed charges, as shown below | 21,847 |  |  | 21,737 |
Distributions received from equity-method investments | — |  |  | — |
| 14,414 |  |  | 26,589 |
Subtractions: |  |  |  |  |
Equity in earnings of non-consolidated affiliates | 86 |  |  | (139 | )
Earnings as adjusted | $ | (15,088 | ) |  | $ | 16,162 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 15,424 |  |  | 16,026 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 807 |  |  | 742 |
Interest within rent expense | 5,616 |  |  | 4,969 |
Total fixed charges | $ | 21,847 |  |  | $ | 21,737 |
Ratio of earnings to fixed charges | N/A |  |  | N/A |
Fixed charge deficiency | $ | 36,935 |  |  | $ | 5,575 |