EX-12 2 mdca-20170331xexhibit12.htm EXHIBIT 12 Exhibit


Exhibit 12
 
Statement of Computation of Ratio of Earnings to Fixed Charges
 

Three Months Ended March 31,
 
2017

2016
 
(000’s)

(000’s)
Earnings:
 

 
 

Loss from continuing operations attributable to MDC Partners Inc.
$
(10,566
)

$
(23,293
)
Additions:
 

 
 

Income tax expense (benefit)
3,969

 
(1,972
)
Net income attributable to the noncontrolling interests
883

 
859

Fixed charges, as shown below
21,737


52,767

Distributions received from equity-method investments
—


—

 
26,589


51,654

Subtractions:
 

 
 

Equity in earnings (losses) of non-consolidated affiliates
(139
)
 
229


 
 
 
Earnings as adjusted
$
16,162


$
28,132

Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
16,026


41,852

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
742


7,021

Interest within rent expense
4,969


3,894

Total fixed charges
$
21,737


$
52,767

Ratio of earnings to fixed charges
N/A


N/A

Fixed charge deficiency
$
5,575


$
24,635