EX-12 6 irm2016ex-12.htm EXHIBIT 12 Exhibit


EXHIBIT 12

IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)

 
Year Ended December 31,
 
2012
 
2013
 
2014
 
2015
 
2016
Earnings:
 

 
 

 
 

 
 

 
 

Income from Continuing Operations before
 

 
 

 
 

 
 

 
 

Provision (Benefit) for Income Taxes and
 

 
 

 
 

 
 

 
 

Gain on Sale of Real Estate
$
296,805

 
$
159,871

 
$
223,373

 
$
162,066

 
$
146,644

Add:
 

 
 

 
 

 
 

 
 

Gain on Sale of Real Estate(1)
261

 
1,847

 
10,512

 
1,059

 
2,310

Fixed Charges
326,261

 
335,637

 
345,781

 
344,606

 
417,774

 
$
623,327

 
$
497,355

 
$
579,666

 
$
507,731

 
$
566,728

Fixed Charges:
 

 
 

 
 

 
 

 
 

Interest Expense, Net
$
242,599

 
$
254,174

 
$
260,717

 
$
263,871

 
$
310,662

Interest Portion of Rent Expense
83,662

 
81,463

 
85,064

 
80,735

 
107,112

 
$
326,261

 
$
335,637

 
$
345,781

 
$
344,606

 
$
417,774

Ratio of Earnings to Fixed Charges
1.9x

 
1.5x

 
1.7x

 
1.5x

 
1.4x

_______________________________________________________________________________

(1)
Gain on sale of real estate reported above are pre-tax. The tax associated with the gain on the sale of real estate for the years ended December 31, 2012, 2013, 2014, 2015 and 2016 are $55, $430, $2,205, $209 and $130, respectively.