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STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2009 | 2010 | 2011 | 2012 | 2013 | 2013 | 2014 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from Continuing Operations before Provision for Income Taxes | $ | 344,079 | $ | 333,022 | $ | 351,800 | $ | 297,066 | $ | 161,718 | $ | 109,876 | $ | 164,373 | ||||||||
Add: Fixed Charges | 292,860 | 284,052 | 286,241 | 326,261 | 335,637 | 166,239 | 179,250 | |||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | |
$ | 636,939 | $ | 617,074 | $ | 638,041 | $ | 623,327 | $ | 497,355 | $ | 276,115 | $ | 343,623 | |||||||||
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Fixed Charges: | ||||||||||||||||||||||
Interest Expense, Net | $ | 212,545 | $ | 204,559 | $ | 205,256 | $ | 242,599 | $ | 254,174 | $ | 126,171 | $ | 124,513 | ||||||||
Interest Portion of Rent Expense | 80,315 | 79,493 | 80,985 | 83,662 | 81,463 | 40,068 | 54,737 | |||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | |
$ | 292,860 | $ | 284,052 | $ | 286,241 | $ | 326,261 | $ | 335,637 | $ | 166,239 | $ | 179,250 | |||||||||
| | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
Ratio of Earnings to Fixed Charges | 2.2x | 2.2x | 2.2x | 1.9x | 1.5x | 1.7x | 1.9x |
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)