Attached files
| file | filename |
|---|---|
| 10-K - Stagwell Inc | v176557_10k.htm |
| EX-21 - Stagwell Inc | v176557_ex21.htm |
| EX-23 - Stagwell Inc | v176557_ex23.htm |
| EX-32.2 - Stagwell Inc | v176557_ex32-2.htm |
| EX-31.1 - Stagwell Inc | v176557_ex31-1.htm |
| EX-32.1 - Stagwell Inc | v176557_ex32-1.htm |
| EX-14.1 - Stagwell Inc | v176557_ex14-1.htm |
| EX-31.2 - Stagwell Inc | v176557_ex31-2.htm |
| EX-10.14.1 - Stagwell Inc | v176557_ex10x14-1.htm |
| EX-10.12.6 - Stagwell Inc | v176557_ex10x12-6.htm |
| EX-10.14.2 - Stagwell Inc | v176557_ex10x14-2.htm |
| EX-10.12.5 - Stagwell Inc | v176557_ex10x12-5.htm |
Exhibit 12
Statement
of Computation of Ratio of Earnings to Fixed Charges
|
Twelve Months Ended
December 31,
|
||||||||||||||||||||
|
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
|
Earnings:
|
||||||||||||||||||||
|
Income
(Loss) from continuing operations attributable to MDC Partners
Inc.
|
$
|
(17,448
|
)
|
$
|
10,148
|
$
|
(18,182
|
)
|
$
|
(8,312
|
)
|
$
|
(7,539
|
)
|
||||||
|
Additions:
|
||||||||||||||||||||
|
Income
taxes
|
8,536
|
2,397
|
6,081
|
7,332
|
3,402
|
|||||||||||||||
|
Noncontrolling
interest in earnings of consolidated subsidiaries
|
5,356
|
8,136
|
20,517
|
16,715
|
21,587
|
|||||||||||||||
|
Fixed
charges, as shown below
|
27,450
|
20,571
|
19,035
|
15,993
|
12,085
|
|||||||||||||||
|
Distributions
received from equity-method investees
|
198
|
440
|
—
|
940
|
1,796
|
|||||||||||||||
|
41,540
|
31,544
|
45,633
|
40,980
|
38,870
|
||||||||||||||||
|
Subtractions:
|
||||||||||||||||||||
|
Equity
in income (loss) of investees
|
(8
|
)
|
349
|
165
|
168
|
1,402
|
||||||||||||||
|
Noncontrolling
interest in earnings of consolidated subsidiaries that have not incurred
fixed charges
|
—
|
—
|
—
|
—
|
—
|
|||||||||||||||
|
(8
|
)
|
349
|
165
|
168
|
1,402
|
|||||||||||||||
|
Earnings
as adjusted
|
24,100
|
41,343
|
27,287
|
32,500
|
29,929
|
|||||||||||||||
|
Fixed
charges:
|
||||||||||||||||||||
|
Interest
on indebtedness, expensed or capitalized
|
18,057
|
13,650
|
11,471
|
9,077
|
6,472
|
|||||||||||||||
|
Amortization
of debt discount and expense and premium on indebtedness, expensed or
capitalized
|
4,041
|
1,348
|
2,330
|
2,213
|
1,305
|
|||||||||||||||
|
Interest
within rent expense
|
5,352
|
5,573
|
5,234
|
4,703
|
4,308
|
|||||||||||||||
|
Total
fixed charges
|
$
|
27,450
|
$
|
20,571
|
$
|
19,035
|
15,993
|
12,085
|
||||||||||||
|
Ratio
of earnings to fixed charges
|
N/A
|
2.01
|
1.43
|
2.03
|
2.48
|
|||||||||||||||
|
Dollar
amount deficiency
|
$
|
3,350
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||