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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, 2010 | |||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income before Provision for Income Taxes | $ | 197,018 | $ | 224,218 | $ | 223,024 | $ | 224,867 | $ | 332,833 | $ | 67,310 | ||||||||
Add: Fixed Charges | 245,431 | 264,211 | 308,871 | 330,088 | 311,474 | 77,161 | ||||||||||||||
$ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 554,955 | $ | 644,307 | $ | 144,471 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense, Net | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 236,635 | $ | 227,790 | $ | 56,562 | ||||||||
Interest Portion of Rent Expense | 61,847 | 69,253 | 80,278 | 93,453 | 83,684 | 20,599 | ||||||||||||||
$ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 330,088 | $ | 311,474 | $ | 77,161 | |||||||||
Ratio of Earnings to Fixed Charges | 1.8 | x | 1.8 | x | 1.7 | x | 1.7 | x | 2.1 | x | 1.9 | x |