Stagwell Inc - FORM 10-Q - EX-12 - EXHIBIT 12 - August 3, 2016

Attached files

file filename
10-Q - 10-Q - Stagwell Incmdca-20160630x10q.htm
EX-99.1 - EXHIBIT 99.1 - Stagwell Incmdca-20160630xexhibit991.htm
EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20160630xexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20160630xexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20160630xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20160630xexhibit311.htm
EX-10.1 - EXHIBIT 10.1 - Stagwell Incmdca-20160630xexhibit101.htm


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

Six Months Ended June 30,
 
2016

2015
 
(000’s)

(000’s)
Earnings:
 

 
 

Income from continuing operations attributable to MDC Partners Inc.
$
(22,120
)

$
2,434

Additions:
 

 
 

Income expense
2,433


625

Noncontrolling interest in income of consolidated subsidiaries
2,113


5,221

Fixed charges, as shown below
74,023


35,686

Distributions received from equity-method investees
—


41

 
78,569


41,573

Subtractions:
 

 
 

Equity in income of investees
(61
)

455


 
 
 
Earnings as adjusted
$
56,510


$
43,552

Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
58,048


27,249

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
7,999


1,135

Interest within rent expense
7,976


7,302

Total fixed charges
$
74,023


$
35,686

Ratio of earnings to fixed charges
N/A


1.22

Fixed charge deficiency
$
17,513


N/A



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