EX-12 4 a2202093zex-12.htm EX-12

Exhibit 12

 

IRON MOUNTAIN INCORPORATED

 

STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Dollars in thousands)

 

 

 

Year Ended December 31,

 

 

 

2006

 

2007

 

2008

 

2009

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before Provision for Income Taxes

 

$

224,218

 

$

223,024

 

$

224,867

 

$

332,833

 

$

100,795

 

Add: Fixed Charges

 

264,211

 

308,871

 

330,088

 

311,474

 

304,522

 

 

 

$

488,429

 

$

531,895

 

$

554,955

 

$

644,307

 

$

405,317

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense, Net

 

$

194,958

 

$

228,593

 

$

236,635

 

$

227,790

 

$

220,986

 

Interest Portion of Rent Expense

 

69,253

 

80,278

 

93,453

 

83,684

 

83,536

 

 

 

$

264,211

 

$

308,871

 

$

330,088

 

$

311,474

 

$

304,522

 

Ratio of Earnings to Fixed Charges

 

1.8

x

1.7

x

1.7

x

2.1

x

1.3

x