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 | Six Months Ended June 30, 2009 | |||||||||||||||||||||
| 2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income before Provision for Income Taxes | $ | 166,735 | $ | 197,018 | $ | 224,218 | $ | 223,024 | $ | 224,867 | $ | 112,943 | $ | 159,794 | |||||||||
Add: Fixed Charges | 240,270 | 245,431 | 264,211 | 308,871 | 330,088 | 164,161 | 151,358 | ||||||||||||||||
$ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 554,955 | $ | 277,104 | $ | 311,152 | ||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest Expense, Net | $ | 185,749 | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 236,635 | $ | 119,776 | $ | 110,696 | |||||||||
Interest Portion of Rent Expense | 54,521 | 61,847 | 69,253 | 80,278 | 93,453 | 44,385 | 40,662 | ||||||||||||||||
$ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 330,088 | $ | 164,161 | $ | 151,358 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.7x | 1.8x | 1.8x | 1.7x | 1.7 | 1.7x | 2.1x |