Stagwell Inc - FORM 10-K - EX-12 - EXHIBIT 12 - March 2, 2015

Attached files

file filename
10-K - 10-K - Stagwell Incmdca-20141231x10k.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20141231xex321.htm
EX-21 - EXHIBIT 21 - Stagwell Incexhibit21.htm
EX-23 - EXHIBIT 23 - Stagwell Incexhibit23.htm
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20141231xex311.htm
EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20141231xex322.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20141231xex312.htm
EXCEL - IDEA: XBRL DOCUMENT - Stagwell IncFinancial_Report.xls

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













Twelve Months Ended December 31,

2014

2013

2012

2011

2010
Earnings:














Income (Loss) from continuing operations attributable to MDC Partners Inc.
$
(2,797
)

$
(139,663
)

$
(80,311
)

$
(82,315
)

$
(8,244
)
Additions:














Income taxes (recovery)
12,422


(4,367
)

9,553


41,735


(170
)
Noncontrolling interest in earnings of consolidated subsidiaries
6,890


6,461


6,863


8,429


10,378

Fixed charges, as shown below
69,001


113,188


55,453


50,006


38,972

Distributions received from equity-method investees
726


3,096


1,288


4,584


638


89,039


118,378


73,157


104,754


49,818

Subtractions:














Equity in income (loss) of nonconsolidated affiliates
1,406


281


633


213


866

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


—


—


—


—


1,406


281


633


213


866

Earnings (loss) as adjusted
84,836


(21,566
)

(7,787
)

22,226


40,708

Fixed charges:














Interest on indebtedness, expensed or capitalized
53,018


92,936


42,003


39,621


31,271

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
2,247


7,762


2,249


2,175


2,136

Interest within rent expense
13,736


12,490


11,201


8,210


5,565

Total fixed charges
$
69,001


$
113,188


$
55,453


$
50,006


$
38,972

Ratio of earnings to fixed charges
1.23


N/A


N/A


N/A


1.04

Dollar amount deficiency
N/A


$
134,754


$
63,240


$
27,780


N/A











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