Exhibit 12
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
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Year Ended December 31, |
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2002 |
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2003 |
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2004 |
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2005 |
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2006 |
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Earnings: |
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Income from Continuing Operations before Provision for Income Taxes and Minority Interest |
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$ |
114,519 |
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$ |
156,989 |
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$ |
166,735 |
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$ |
197,018 |
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$ |
224,218 |
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Add: Fixed Charges |
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178,587 |
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195,258 |
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240,270 |
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245,431 |
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264,211 |
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$ |
293,106 |
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$ |
352,247 |
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$ |
407,005 |
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$ |
442,449 |
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$ |
488,429 |
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Fixed Charges: |
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Interest Expense, Net |
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$ |
136,632 |
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$ |
150,468 |
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$ |
185,749 |
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$ |
183,584 |
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$ |
194,958 |
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Interest Portion of Rent Expense |
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41,955 |
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44,790 |
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54,521 |
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61,847 |
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69,253 |
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$ |
178,587 |
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$ |
195,258 |
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$ |
240,270 |
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$ |
245,431 |
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$ |
264,211 |
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Ratio of Earnings to Fixed Charges |
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1.6 |
x |
1.8 |
x |
1.7 |
x |
1.8 |
x |
1.8 |
x |
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