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STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2007 | 2008 | 2009 | 2010 | 2011 | 2011 | 2012 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes | $ | 243,161 | $ | 240,766 | $ | 345,279 | $ | 334,222 | $ | 352,900 | $ | 195,652 | $ | 176,738 | ||||||||
Add: Fixed Charges | 292,435 | 309,991 | 292,860 | 284,052 | 286,241 | 137,824 | 157,246 | |||||||||||||||
$ | 535,596 | $ | 550,757 | $ | 638,139 | $ | 618,274 | $ | 639,141 | $ | 333,476 | $ | 333,984 | |||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest Expense, Net | $ | 214,147 | $ | 219,989 | $ | 212,545 | $ | 204,559 | $ | 205,256 | $ | 97,222 | $ | 117,000 | ||||||||
Interest Portion of Rent Expense | 78,288 | 90,002 | 80,315 | 79,493 | 80,985 | 40,602 | 40,246 | |||||||||||||||
$ | 292,435 | $ | 309,991 | $ | 292,860 | $ | 284,052 | $ | 286,241 | $ | 137,824 | $ | 157,246 | |||||||||
Ratio of Earnings to Fixed Charges | 1.8x | 1.8x | 2.2x | 2.2x | 2.2x | 2.4x | 2.1x |
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)