QuickLinks -- Click here to rapidly navigate through this document
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| Year Ended December 31, | | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended June 30, 2008 | |||||||||||||||||||||
| 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 | $ | 112,943 | ||||||||||
Add: Fixed Charges | 195,258 | 240,270 | 245,431 | 264,211 | 308,871 | 164,161 | ||||||||||||||||
$ | 352,247 | $ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 277,104 | |||||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest Expense, Net | $ | 150,468 | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 119,776 | ||||||||||
Interest Portion of Rent Expense | 44,790 | 54,521 | 61,847 | 69,253 | 80,278 | 44,385 | ||||||||||||||||
$ | 195,258 | $ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 164,161 | |||||||||||
Ratio of Earnings to Fixed Charges | 1.8 | x | 1.7 | x | 1.8 | x | 1.8 | x | 1.7 | x | 1.7 | x |
IRON MOUNTAIN INCORPORATED STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands)