Exhibit 12.1
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
|
| Year Ended December 31, |
| Three Months |
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|
| 2002 |
| 2003 |
| 2004 |
| 2005 |
| 2006 |
| March 31, 2007 |
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Earnings: |
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|
|
|
|
|
|
|
|
|
|
|
|
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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: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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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.