Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Stagwell Incmdca-20180930xexhibit991.htm
EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20180930xexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20180930xexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20180930xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20180930xexhibit311.htm
10-Q - 10-Q - Stagwell Incmdca-20180930x10q.htm


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

Nine Months Ended September 30,
 
2018

2017
 
(000’s)

(000’s)
Earnings:
 

 
 

Income (loss) attributable to MDC Partners Inc.
$
(42,135
)

$
19,180

Additions:
 

 
 

Income tax expense (benefit)
(3,367
)
 
17,659

Net income attributable to the noncontrolling interests
5,900

 
6,588

Fixed charges, as shown below
65,882


64,161

 
68,415


88,408

Subtractions:
 

 
 

Equity in earnings of non-consolidated affiliates
358

 
1,924


 
 
 
Earnings as adjusted
$
25,922


$
105,664

Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
48,001


46,841

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
2,402


2,018

Interest within rent expense
15,479


15,302

Total fixed charges
$
65,882


$
64,161

Ratio of earnings to fixed charges
N/A


1.65

Fixed charge deficiency
$
39,960


N/A