EX-12 3 a2191140zex-12.htm 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,

 

 

 

2004

 

2005

 

2006

 

2007

 

2008

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations before Provision for Income Taxes and Minority Interest

 

$

166,735

 

$

197,018

 

$

224,218

 

$

223,024

 

$

224,867

 

Add: Fixed Charges

 

240,270

 

245,431

 

264,211

 

308,871

 

330,088

 

 

 

$

407,005

 

$

442,449

 

$

488,429

 

$

531,895

 

$

554,955

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense, Net

 

$

185,749

 

$

183,584

 

$

194,958

 

$

228,593

 

$

236,635

 

Interest Portion of Rent Expense

 

54,521

 

61,847

 

69,253

 

80,278

 

93,453

 

 

 

$

240,270

 

$

245,431

 

$

264,211

 

$

308,871

 

$

330,088

 

Ratio of Earnings to Fixed Charges

 

1.7

x

1.8

x

1.8

x

1.7

x

1.7

x