Iron Mountain (IRM) 10-Q 2015 Q3 Quarterly report

EXHIBIT 12

IRON MOUNTAIN INCORPORATED

STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

																	Nine Months Ended
		Year Ended December 31,															September 30,
		2010			2011			2012			2013			2014			2014			2015
Earnings:
	Income from Continuing Operations before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate	$	331,941		$	348,519		$	296,805		$	159,871		$	223,373		$	210,662		$	145,539
	Add:
	Gain on Sale of Real Estate (1)	1,081			3,281			261			1,847			10,512			9,459			1,059
	Fixed Charges	284,052			286,241			326,261			335,637			345,781			251,201			256,591
		$	617,074		$	638,041		$	623,327		$	497,355		$	579,666		$	471,322		$	403,189
Fixed Charges:
	Interest Expense, Net	$	204,559		$	205,256		$	242,599		$	254,174		$	260,717		$	187,733		$	196,120
	Interest Portion of Rent Expense	79,493			80,985			83,662			81,463			85,064			63,468			60,471
		$	284,052		$	286,241		$	326,261		$	335,637		$	345,781		$	251,201		$	256,591
Ratio of Earnings to Fixed Charges		2.2		x	2.2		x	1.9		x	1.5		x	1.7		x	1.9		x	1.6		x
(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, 2010, 2011, 2012, 2013 and 2014 and for the nine months ended September 30, 2014 and 2015 was $295, $920, $55, $430, $2,205, $1,991 and $209, respectively.