Stagwell Inc - FORM 10-K - EX-12 - EXHIBIT 12 - March 1, 2017

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EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20161231xex322.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20161231xex321.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20161231xex312.htm
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20161231xex311.htm
EX-23 - EXHIBIT 23 - Stagwell Incmdca-20161231xex23.htm
EX-21 - EXHIBIT 21 - Stagwell Incmdca-20161231xex21.htm
EX-10.14.1 - EXHIBIT 10.14.1 - Stagwell Incmdca-20161231xex10141.htm
EX-10.14 - EXHIBIT 10.14 - Stagwell Incmdca-20161231xex1014.htm
EX-10.7 - EXHIBIT 10.7 - Stagwell Incmdca-20161231xex107.htm
10-K - 10-K - Stagwell Incmdca-20161231x10k.htm
Exhibit 12
Statement of Computation of Ratio of Earnings to Fixed Charges


 
Twelve Months Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings:
 
 
 
 
 
 
 
 
 
Loss from continuing operations attributable to MDC Partners Inc.
$
(47,942
)
 
$
(31,076
)
 
$
(2,797
)
 
$
(139,663
)
 
$
(80,311
)
Additions:
 
 
 
 
 
 
 
 
 
Income taxes (recovery)
(7,301
)
 
5,664

 
12,422

 
(4,367
)
 
9,553

Noncontrolling interest in earnings of consolidated subsidiaries
5,218

 
9,054

 
6,890

 
6,461

 
6,863

Fixed charges, as shown below
117,055

 
73,184

 
69,001

 
113,188

 
55,453

Distributions received from equity-method investees
123

 
652

 
726

 
3,096

 
1,288

 
115,095

 
88,554

 
89,039

 
118,378

 
73,157

Subtractions:
 
 
 
 
 
 
 
 
 
Equity in income (loss) of nonconsolidated affiliates
(309
)
 
1,058

 
1,406

 
281

 
633

Noncontrolling interest in earnings of consolidated subsidiaries that have not incurred fixed charges
—

 
—

 
—

 
—

 
—

 
(309
)
 
1,058

 
1,406

 
281

 
633

Earnings (loss) as adjusted
67,462

 
56,420

 
84,836

 
(21,566
)
 
(7,787
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest on indebtedness, expensed or capitalized
90,021

 
55,633

 
53,018

 
92,936

 
42,003

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
9,135

 
2,270

 
2,247

 
7,762

 
2,249

Interest within rent expense
17,899

 
15,281

 
13,736

 
12,490

 
11,201

Total fixed charges
$
117,055

 
$
73,184

 
$
69,001

 
$
113,188

 
$
55,453

Ratio of earnings to fixed charges
N/A

 
N/A

 
1.23

 
N/A

 
N/A

Dollar amount deficiency
$
49,593

 
$
16,764

 
N/A

 
$
134,754

 
$
63,240






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