EX-12 4 a2205904zex-12.htm EX-12

Exhibit 12

 

IRON MOUNTAIN INCORPORATED

 

STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

Nine Months

 

 

 

Year Ended December 31,

 

Ended

 

Ended

 

 

 

2006

 

2007

 

2008

 

2009

 

2010

 

September 30, 2010

 

September 30, 2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from Continuing Operations before Provision for Income Taxes

 

$

252,570

 

$

243,705

 

$

240,107

 

$

349,243

 

$

336,489

 

$

236,435

 

$

239,278

 

Add: Fixed Charges

 

254,231

 

294,608

 

313,657

 

296,047

 

287,026

 

218,029

 

210,640

 

 

 

$

506,801

 

$

538,313

 

$

553,764

 

$

645,290

 

$

623,515

 

$

454,464

 

$

449,918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense, Net

 

$

186,442

 

$

215,719

 

$

222,448

 

$

214,640

 

$

206,510

 

$

157,587

 

$

148,431

 

Interest Portion of Rent Expense

 

67,789

 

78,889

 

91,209

 

81,407

 

80,516

 

60,442

 

62,209

 

 

 

$

254,231

 

$

294,608

 

$

313,657

 

$

296,047

 

$

287,026

 

$

218,029

 

$

210,640

 

Ratio of Earnings to Fixed Charges

 

2.0

x

1.8

x

1.8

x

2.2

x

2.2

x

2.1

x

2.1

x