Stagwell Inc - FORM 10-Q - EX-12 - EXHIBIT 12 - November 1, 2017

Attached files

file filename
EX-99.1 - EXHIBIT 99.1 - Stagwell Incmdca-20170930xexhibit991.htm
EX-32.2 - EXHIBIT 32.2 - Stagwell Incmdca-20170930xexhibit322.htm
EX-32.1 - EXHIBIT 32.1 - Stagwell Incmdca-20170930xexhibit321.htm
EX-31.2 - EXHIBIT 31.2 - Stagwell Incmdca-20170930xexhibit312.htm
EX-31.1 - EXHIBIT 31.1 - Stagwell Incmdca-20170930xexhibit311.htm
10-Q - 10-Q - Stagwell Incmdca-20170930x10q.htm


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

Nine Months Ended September 30,
 
2017

2016
 
(000’s)

(000’s)
Earnings:
 

 
 

Income (loss) from continuing operations attributable to MDC Partners Inc.
$
19,180


$
(54,937
)
Additions:
 

 
 

Income tax expense
17,659

 
1,180

Net income attributable to the noncontrolling interests
6,588

 
3,172

Fixed charges, as shown below
64,161


95,444

Distributions received from equity-method investments
—


123

 
88,408


99,796

Subtractions:
 

 
 

Equity in earnings of non-consolidated affiliates
1,924

 
9


 
 
 
Earnings as adjusted
$
105,664


$
44,850

Fixed charges:
 

 
 

Interest on indebtedness, expensed or capitalized
46,841


73,851

Amortization of debt discount and expense and premium on indebtedness, expensed or capitalized
2,018


8,736

Interest within rent expense
15,302


12,857

Total fixed charges
$
64,161


$
95,444

Ratio of earnings to fixed charges
1.65


N/A

Fixed charge deficiency
 N/A


$
50,471



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