EX-12 2 a2193879zex-12.htm EXHIBIT 12
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Exhibit 12

IRON MOUNTAIN INCORPORATED

STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 
   Year Ended December 31,    
    
  
 
   Six Months
Ended
June 30, 2008 		  Six Months
Ended
June 30, 2009 		 
 
   2004   2005   2006   2007   2008  

Earnings:

                                            
 

Income before Provision for Income Taxes

   $ 166,735   $ 197,018   $ 224,218   $ 223,024   $ 224,867   $ 112,943   $ 159,794  
 

Add: Fixed Charges

     240,270     245,431     264,211     308,871     330,088     164,161     151,358  
                               

  $ 407,005   $ 442,449   $ 488,429   $ 531,895   $ 554,955   $ 277,104   $ 311,152  
                               

Fixed Charges:

                                            
 

Interest Expense, Net

   $ 185,749   $ 183,584   $ 194,958   $ 228,593   $ 236,635   $ 119,776   $ 110,696  
 

Interest Portion of Rent Expense

     54,521     61,847     69,253     80,278     93,453     44,385     40,662  
                               

  $ 240,270   $ 245,431   $ 264,211   $ 308,871   $ 330,088   $ 164,161   $ 151,358  
                               

Ratio of Earnings to Fixed Charges

     1.7x     1.8x     1.8x     1.7x     1.7     1.7x     2.1x  



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