QuickLinks -- Click here to rapidly navigate through this document
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Three Months Ended March 31, | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2009 | 2010 | 2011 | 2012 | 2013 | 2013 | 2014 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes | $ | 345,279 | $ | 334,222 | $ | 352,900 | $ | 298,366 | $ | 163,018 | $ | 56,921 | $ | 74,446 | ||||||||
Add: Fixed Charges | 292,860 | 284,052 | 286,241 | 326,261 | 335,637 | 83,216 | 88,292 | |||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | |
$ | 638,139 | $ | 618,274 | $ | 639,141 | $ | 624,627 | $ | 498,655 | $ | 140,137 | $ | 162,738 | |||||||||
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Fixed Charges: | ||||||||||||||||||||||
Interest Expense, Net | $ | 212,545 | $ | 204,559 | $ | 205,256 | $ | 242,599 | $ | 254,174 | $ | 63,182 | $ | 62,312 | ||||||||
Interest Portion of Rent Expense | 80,315 | 79,493 | 80,985 | 83,662 | 81,463 | 20,034 | 25,980 | |||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | |
$ | 292,860 | $ | 284,052 | $ | 286,241 | $ | 326,261 | $ | 335,637 | $ | 83,216 | $ | 88,292 | |||||||||
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Ratio of Earnings to Fixed Charges | 2.2x | 2.2x | 2.2x | 1.9x | 1.5x | 1.7x | 1.8x |
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)