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Exhibit 12.1
IRON MOUNTAIN INCORPORATED
STATEMENT REGARDING COMMUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
| | Year Ended December 31,
| | Three Months Ended March 31, 2007
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| | 2002
| | 2003
| | 2004
| | 2005
| | 2006
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Earnings: | | | | | | | | | | | | | | | | | | | |
| Income from Continuing Operations | | | | | | | | | | | | | | | | | | | |
| | before Provision for Income Taxes | | | | | | | | | | | | | | | | | | | |
| | and Minority Interest | | $ | 114,519 | | $ | 156,989 | | $ | 166,735 | | $ | 197,018 | | $ | 224,218 | | $ | 57,181 | |
| | Add: Fixed Charges | | | 178,587 | | | 195,258 | | | 240,270 | | | 245,431 | | | 264,211 | | | 68,818 | |
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| | $ | 293,106 | | $ | 352,247 | | $ | 407,005 | | $ | 442,449 | | $ | 488,429 | | $ | 125,999 | |
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Fixed Charges: | | | | | | | | | | | | | | | | | | | |
| Interest Expense, Net(1) | | $ | 136,632 | | $ | 150,468 | | $ | 185,749 | | $ | 183,584 | | $ | 194,958 | | $ | 50,335 | |
| Interest Portion of Rent Expense | | | 41,955 | | | 44,790 | | | 54,521 | | | 61,847 | | | 69,253 | | | 18,483 | |
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| | $ | 178,587 | | $ | 195,258 | | $ | 240,270 | | $ | 245,431 | | $ | 264,211 | | $ | 68,818 | |
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Ratio of Earnings to Fixed Charges | | | 1.6 | x | | 1.8 | x | | 1.7 | x | | 1.8 | x | | 1.8 | x | | 1.8 | x |
- (1)
- Does not include interest expense related to uncertain tax positions.
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Exhibit 12.1