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Previous: IRON MOUNTAIN INC/PA, S-3, EX-5.2, 2001-01-19 |
Next: IRON MOUNTAIN INC/PA, S-3, EX-23.1, 2001-01-19 |
<TABLE>
<CAPTION>
EXHIBIT 12
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Nine Months
Ended
1995 1996 1997 1998 1999 9/30/2000
---- ---- ---- ---- ---- ----------
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Income (loss) from continuing operations before
provision (benefit) for Income taxes & Minority
Interest $ 1,945 $ 1,792 $ (4,601) $ 3,391 $ 9,841 $ (18,749)
Add: Fixed charges 17,058 21,939 37,489 61,169 73,957 112,050
--------- --------- --------- --------- --------- ---------
$ 19,003 $ 23,731 $ 32,888 $ 64,560 $ 83,798 $ 93,301
========= ========= ========= ========= ========= =========
Fixed Charges:
Interest Expense $ 11,838 $ 14,901 $ 27,712 $ 45,673 $ 54,425 $ 85,066
Interest Portion of rent expense 5,220 7,038 9,777 15,496 19,532 26,984
--------- --------- --------- --------- --------- ---------
$ 17,058 $ 21,939 $ 37,489 $ 61,169 $ 73,957 $ 112,050
========= ========= ========= ========= ========= =========
Ratio of earnings to fixed charges 1.1 x 1.1 x 0.9 x 1.1 x 1.1 x 0.8 x
(1) (1)
<FN>
(1) We reported a loss from continuing operations before provision (benefit) for income taxes and minority interest,
for the year ended December 31, 1997 and for the nine months ended September 30, 2000, the Company would have
needed to generate additional income from operations before provision for income taxes and minority interest of
$4,601 and $18,749 to cover its fixed charges of $37,489 and $112,050, respectively.
</FN>
</TABLE>
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