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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, | | | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended June 30, 2009 | Six Months Ended June 30, 2010 | |||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income before Provision for Income Taxes | $ | 197,018 | $ | 224,218 | $ | 223,024 | $ | 224,867 | $ | 332,833 | $ | 159,794 | $ | 157,480 | |||||||||
Add: Fixed Charges | 245,431 | 264,211 | 308,871 | 330,088 | 311,474 | 151,358 | 154,448 | ||||||||||||||||
$ | 442,449 | $ | 488,429 | $ | 531,895 | $ | 554,955 | $ | 644,307 | $ | 311,152 | $ | 311,928 | ||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest Expense, Net | $ | 183,584 | $ | 194,958 | $ | 228,593 | $ | 236,635 | $ | 227,790 | $ | 110,696 | $ | 112,807 | |||||||||
Interest Portion of Rent Expense | 61,847 | 69,253 | 80,278 | 93,453 | 83,684 | 40,662 | 41,641 | ||||||||||||||||
$ | 245,431 | $ | 264,211 | $ | 308,871 | $ | 330,088 | $ | 311,474 | $ | 151,358 | $ | 154,448 | ||||||||||
Ratio of Earnings to Fixed Charges | 1.8x | 1.8x | 1.7x | 1.7x | 2.1x | 2.1x | 2.0x |