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IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| Year Ended December 31, | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||
Earnings: | |||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes and Minority Interest | $ | 156,989 | $ | 166,735 | $ | 197,018 | $ | 224,218 | $ | 223,024 | |||||||
Add: Fixed Charges | 195,258 | 240,270 | 245,431 | 264,211 | 308,871 | ||||||||||||
$ | 352,247 | $ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 531,895 | ||||||||
Fixed Charges: | |||||||||||||||||
Interest Expense, Net | $ | 150,468 | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 228,593 | |||||||
Interest Portion of Rent Expense | 44,790 | 54,521 | 61,847 | 69,253 | 80,278 | ||||||||||||
$ | 195,258 | $ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 308,871 | ||||||||
Ratio of Earnings to Fixed Charges | 1.8 | x | 1.7 | x | 1.8 | x | 1.8 | x | 1.7 | x |