EX-12 4 v164276_ex12.htm
Exhibit 12
 
Statement of Computation of Ratio of Earnings to Fixed Charges
 
   
Nine Months Ended
September 30,
  
   
2009
    
2008
  
   
(000’s)
    
(000’s)
  
Earnings:
            
Income from continuing operations attributable to MDC Partners Inc.
  
$
503
    
$
2,084
  
Additions:
                
Income tax expense
    
3,373
      
6,415
  
Noncontrolling interest in income of consolidated subsidiaries
    
3,569
      
6,533
  
Fixed charges, as shown below
    
15,326
      
15,282
  
Distributions received from equity-method investees
    
139
      
68
  
     
22,407
      
28,298
  
Subtractions:
                
Equity in income of investees
    
258
      
290
  
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges
    
—
      
—
  
     
258
      
290
  
                 
Earnings as adjusted
  
$
22,652
    
$
30,092
  
Fixed charges:
                
Interest on indebtedness, expensed or capitalized
    
10,297
      
10,104
  
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
    
979
      
1,036
  
Interest within rent expense
    
4,050
      
4,142
  
Total fixed charges
  
$
15,326
    
$
15,282
  
Ratio of earnings to fixed charges
    
1.48
      
1.97