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10-Q - 10-Q - IRON MOUNTAIN INCa2195150z10-q.htm
EX-31.2 - EXHIBIT 31.2 - IRON MOUNTAIN INCa2195150zex-31_2.htm
EX-32.2 - EXHIBIT 32.2 - IRON MOUNTAIN INCa2195150zex-32_2.htm
EX-31.1 - EXHIBIT 31.1 - IRON MOUNTAIN INCa2195150zex-31_1.htm
EX-32.1 - EXHIBIT 32.1 - IRON MOUNTAIN INCa2195150zex-32_1.htm

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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,   Nine Months
Ended
September 30,
2008
  Nine Months
Ended
September 30,
2009
 
 
  2004   2005   2006   2007   2008  

Earnings:

                                           
 

Income before Provision for Income Taxes

  $ 166,735   $ 197,018   $ 224,218   $ 223,024   $ 224,867   $ 174,205   $ 241,584  
 

Add: Fixed Charges

    240,270     245,431     264,211     308,871     330,088     247,599     232,332  
                               

  $ 407,005   $ 442,449   $ 488,429   $ 531,895   $ 554,955   $ 421,804   $ 473,916  
                               

Fixed Charges:

                                           
 

Interest Expense, Net

  $ 185,749   $ 183,584   $ 194,958   $ 228,593   $ 236,635   $ 179,199   $ 170,165  
 

Interest Portion of Rent Expense

    54,521     61,847     69,253     80,278     93,453     68,400     62,167  
                               

  $ 240,270   $ 245,431   $ 264,211   $ 308,871   $ 330,088   $ 247,599   $ 232,332  
                               

Ratio of Earnings to Fixed Charges

    1.7 x   1.8 x   1.8 x   1.7 x   1.7     1.7 x   2.0 x



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