EX-12.0 2 mdca-20180930xexhibit12.htm EXHIBIT 12.0
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges

| Nine Months Ended September 30,
| 2018 |  | 2017
| (000’s) |  | (000’s)
Earnings: |  |  |  |  |
Income (loss) attributable to MDC Partners Inc. | $ | (42,135 | ) |  | $ | 19,180 |
Additions: |  |  |  |  |
Income tax expense (benefit) | (3,367 | ) |  | 17,659 |
Net income attributable to the noncontrolling interests | 5,900 |  |  | 6,588 |
Fixed charges, as shown below | 65,882 |  |  | 64,161 |
| 68,415 |  |  | 88,408 |
Subtractions: |  |  |  |  |
Equity in earnings of non-consolidated affiliates | 358 |  |  | 1,924 |
Earnings as adjusted | $ | 25,922 |  |  | $ | 105,664 |
Fixed charges: |  |  |  |  |
Interest on indebtedness, expensed or capitalized | 48,001 |  |  | 46,841 |
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized | 2,402 |  |  | 2,018 |
Interest within rent expense | 15,479 |  |  | 15,302 |
Total fixed charges | $ | 65,882 |  |  | $ | 64,161 |
Ratio of earnings to fixed charges | N/A |  |  | 1.65 |
Fixed charge deficiency | $ | 39,960 |  |  | N/A |