EX-12.0 3 mdca-20160331xexhibit12.htm EXHIBIT 12.0 Exhibit


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

Three Months Ended March 31,
 
2016

2015
 
(000’s)

(000’s)
Earnings:
 

 
 

Income from continuing operations attributable to MDC Partners Inc.
$
(23,293
)

$
(25,797
)
Additions:
 

 
 

Income expense
(1,972
)

(4,054
)
Noncontrolling interest in income of consolidated subsidiaries
859


2,380

Fixed charges, as shown below
52,767


18,669

Distributions received from equity-method investees
—


—

 
51,654


16,995

Subtractions:
 

 
 

Equity in income of investees
229


351


 
 
 
Earnings as adjusted
$
28,132


$
(9,153
)
Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
41,852


13,602

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
7,021


1,494

Interest within rent expense
3,894


3,573

Total fixed charges
$
52,767


$
18,669

Ratio of earnings to fixed charges
N/A


N/A

Fixed charge deficiency
$
24,635


$
27,822