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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 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||||
| 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 | |||||||||||||||
| $ | 293,106 | $ | 352,247 | $ | 407,005 | $ | 442,449 | $ | 488,429 | $ | 125,999 | ||||||||||
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 | |||||||||||||||
| $ | 178,587 | $ | 195,258 | $ | 240,270 | $ | 245,431 | $ | 264,211 | $ | 68,818 | ||||||||||
| 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.
Exhibit 12.1