Attached files

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10-Q - Stagwell Incv183284_10q.htm
EX-31.2 - Stagwell Incv183284_ex31-2.htm
EX-31.1 - Stagwell Incv183284_ex31-1.htm
EX-32.1 - Stagwell Incv183284_ex32-1.htm
EX-32.2 - Stagwell Incv183284_ex32-2.htm
EX-99.1 - Stagwell Incv183284_ex99-1.htm
EX-10.2.2 - Stagwell Incv183284_ex10-2x2.htm
EX-10.1.1 - Stagwell Incv183284_ex10-1x1.htm
EX-10.3.1 - Stagwell Incv183284_ex10-3x1.htm
EX-10.2.1 - Stagwell Incv183284_ex10-2x1.htm
EX-10.1.2 - Stagwell Incv183284_ex10-1x2.htm
EX-10.3.2 - Stagwell Incv183284_ex10-3x2.htm
Exhibit 12
 
Statement of Computation of Ratio of Earnings to Fixed Charges
 
   
Three Months Ended
March 31,
 
   
2010
   
2009
 
   
(000’s)
   
(000’s)
 
Earnings:
               
Income (loss) from continuing operations attributable to MDC Partners Inc.
 
$
(10,186
 
$
281
 
Additions:
               
Income tax expense
   
249
     
615
 
Noncontrolling interest in income of consolidated subsidiaries
   
968
     
382
 
Fixed charges, as shown below
   
8,302
     
5,319
 
Distributions received from equity-method investees
   
7
     
 
     
9,526
     
6,316
 
Subtractions:
               
Equity in income (loss) of investees
   
(104
   
93
 
Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges
   
     
 
     
(104
   
93
 
                 
Earnings as adjusted
 
$
(556
 
$
6,504
 
Fixed charges:
               
Interest on indebtedness, expensed or capitalized
   
6,377
     
3,443
 
Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
   
651
     
318
 
Interest within rent expense
   
1,274
     
1,558
 
Total fixed charges
 
$
8,302
   
$
5,319
 
Ratio of earnings to fixed charges
   
N/A
     
1.22
 
Fixed charge deficiency
   
8,858
     
N/A