EX-12 5 a2129866zex-12.txt EXHIBIT 12 Exhibit 12 IRON MOUNTAIN INCORPORATED STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands)
Year Ended December 31, 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- Earnings: Income (Loss) from Continuing Operations before Provision for Income Taxes and Minority Interest $ 9,841 $(23,291) $(28,111) $114,519 $156,989 Add: Fixed Charges 73,957 154,975 177,032 178,587 195,258 ------- -------- -------- -------- -------- $83,798 $131,684 $148,921 $293,106 $352,247 ======= ======== ======== ======== ======== Fixed Charges: Interest Expense, Net $54,425 $117,975 $134,742 $136,632 $150,468 Interest Portion of Rent Expense 19,532 37,000 42,290 41,955 44,790 ------- -------- -------- -------- -------- $73,957 $154,975 $177,032 $178,587 $195,258 ======= ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 1.1x 0.8x 0.8x 1.6x 1.8x (1) (1)
(1) We reported a loss from continuing operations before provision for income taxes and minority interest for the years ended December 31, 2000 and December 31, 2001 and we would have needed to generate additional income from operations before provision for income taxes and minority interest of $23,291 and $28,111, respectively to cover our fixed charges of $154,975 and $177,032, respectively.