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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, | Three Months Ended March 31, | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2004 | 2005 | 2006 | 2007 | 2007 | 2008 | ||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes and Minority Interest | $ | 156,989 | $ | 166,735 | $ | 197,018 | $ | 224,218 | $ | 223,024 | $ | 57,181 | $ | 52,346 | |||||||||
Add: Fixed Charges | 195,258 | 240,270 | 245,431 | 264,211 | 308,871 | 68,818 | 82,273 | ||||||||||||||||
$ | 352,247 | $ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 125,999 | $ | 134,619 | ||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest Expense, Net | $ | 150,468 | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 50,335 | $ | 60,019 | |||||||||
Interest Portion of Rent Expense | 44,790 | 54,521 | 61,847 | 69,253 | 80,278 | 18,483 | 22,254 | ||||||||||||||||
$ | 195,258 | $ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 68,818 | $ | 82,273 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.8 | x | 1.7 | x | 1.8 | x | 1.8 | x | 1.7 | x | 1.8 | x | 1.6 | x |
IRON MOUNTAIN INCORPORATED STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands)