EX-12 2 mdca-20180630xexhibit12.htm EXHIBIT 12
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Six Months Ended June 30,
| 2018 |  | 2017
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) attributable to MDC Partners Inc. | $ | (26,010 | ) |  | $ | 687 |
Additions: |  |  |  |  |
Income tax expense (benefit) | (6,353 | ) |  | 8,610 |
Net income attributable to the noncontrolling interests | 3,442 |  |  | 3,097 |
Fixed charges, as shown below | 43,883 |  |  | 42,555 |
Distributions received from equity-method investments | — |  |  | — |
| 40,972 |  |  | 54,262 |
Subtractions: |  |  |  |  |
Equity in earnings of non-consolidated affiliates | 58 |  |  | 502 |
Earnings as adjusted | $ | 14,904 |  |  | $ | 54,447 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 31,644 |  |  | 30,976 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 1,605 |  |  | 1,480 |
Interest within rent expense | 10,634 |  |  | 10,099 |
Total fixed charges | $ | 43,883 |  |  | $ | 42,555 |
Ratio of earnings to fixed charges | N/A |  |  | 1.28 |
Fixed charge deficiency | $ | 28,979 |  |  | N/A |