EX-12 2 a06-2602_1ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12

 

IRON MOUNTAIN INCORPORATED

 

STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Dollars in thousands)

 

 

 

2001

 

2002

 

2003

 

2004

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

(Loss) Income from Continuing Operations before Provision for Income Taxes and Minority Interest

 

$

(28,111

)

$

114,519

 

$

156,989

 

$

166,735

 

$

197,018

 

Add: Fixed Charges

 

177,032

 

178,587

 

195,258

 

240,270

 

245,431

 

 

 

$

148,921

 

$

293,106

 

$

352,247

 

$

407,005

 

$

442,449

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense, Net

 

$

134,742

 

$

136,632

 

$

150,468

 

$

185,749

 

$

183,584

 

Interest Portion of Rent Expense

 

42,290

 

41,955

 

44,790

 

54,521

 

61,847

 

 

 

$

177,032

 

$

178,587

 

$

195,258

 

$

240,270

 

$

245,431

 

Ratio of Earnings to Fixed Charges

 

0.8

x(1)

1.6

x

1.8

x

1.7

x

1.8

x

 

(1)           We reported a loss from continuing operations before provision for income taxes and minority interest for the year ended December 31, 2001 and we would have needed to generate additional income from operations before provision for income taxes and minority interest of $28,111 to cover our fixed charges of $177,032.