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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, 2009 | |||||||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes | $ | 166,735 | $ | 197,018 | $ | 224,218 | $ | 223,024 | $ | 224,867 | $ | 58,521 | ||||||||
Add: Fixed Charges | 240,270 | 245,431 | 264,211 | 308,871 | 330,088 | 75,641 | ||||||||||||||
$ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 554,955 | $ | 134,162 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense, Net | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 236,635 | $ | 55,521 | ||||||||
Interest Portion of Rent Expense | 54,521 | 61,847 | 69,253 | 80,278 | 93,453 | 20,120 | ||||||||||||||
$ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 330,088 | $ | 75,641 | |||||||||
Ratio of Earnings to Fixed Charges | 1.7 | x | 1.8 | x | 1.8 | x | 1.7 | x | 1.7 | x | 1.8 | x |