Stagwell Inc - FORM 10-Q - EX-12 - EXHIBIT 12 - August 14, 2017

Attached files

file filename
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20170630xexhibit311.htm
10-Q - 10-Q - Stagwell Incmdca-20170630x10.htm
EX-99.1 - EXHIBIT 99.1 - Stagwell Incmdca-20170630xexhibit991.htm
EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20170630xexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20170630xexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20170630xexhibit312.htm


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

Six Months Ended June 30,
 
2017

2016
 
(000’s)

(000’s)
Earnings:
 

 
 

Income (loss) from continuing operations attributable to MDC Partners Inc.
$
687


$
(22,797
)
Additions:
 

 
 

Income tax expense
8,610

 
3,110

Net income attributable to the noncontrolling interests
3,097

 
2,113

Fixed charges, as shown below
42,555


74,023

Distributions received from equity-method investments
—


—

 
54,262


79,246

Subtractions:
 

 
 

Equity in earnings (losses) of non-consolidated affiliates
502

 
(61
)

 
 
 
Earnings as adjusted
$
54,447


$
56,510

Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
30,976


58,048

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
1,480


7,999

Interest within rent expense
10,099


7,976

Total fixed charges
$
42,555


$
74,023

Ratio of earnings to fixed charges
1.28


N/A

Fixed charge deficiency
 N/A


$
17,513



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