Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - IRON MOUNTAIN INC | irm2018331-ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - IRON MOUNTAIN INC | irm2018331-ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - IRON MOUNTAIN INC | irm2018331-ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - IRON MOUNTAIN INC | irm2018331-ex311.htm |
| EX-10.3 - EXHIBIT 10.3 - IRON MOUNTAIN INC | irm2018331-ex103.htm |
| 10-Q - 10-Q - IRON MOUNTAIN INC | irm2018331-10q.htm |
EXHIBIT 12
IRON MOUNTAIN INCORPORATED
STATEMENT OF THE CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Three Months Ended | ||||||||||||||||||||||||||||||||||||
Year Ended December 31, | March 31, | |||||||||||||||||||||||||||||||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2017 | 2018 | ||||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||||||||
Income from Continuing Operations before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate | $ | 159,871 | $ | 223,373 | $ | 162,066 | $ | 146,644 | $ | 216,105 | $ | 68,064 | $ | 46,782 | ||||||||||||||||||||||
Add: | ||||||||||||||||||||||||||||||||||||
Gain on Sale of Real Estate (1) | 1,847 | 10,512 | 1,059 | 2,310 | 1,565 | — | — | |||||||||||||||||||||||||||||
Fixed Charges | 335,637 | 345,781 | 344,606 | 417,774 | 470,376 | 116,077 | 127,988 | |||||||||||||||||||||||||||||
$ | 497,355 | $ | 579,666 | $ | 507,731 | $ | 566,728 | $ | 688,046 | $ | 184,141 | $ | 174,770 | |||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||||||||||
Interest Expense, Net | $ | 254,174 | $ | 260,717 | $ | 263,871 | $ | 310,662 | $ | 353,575 | $ | 86,055 | $ | 97,626 | ||||||||||||||||||||||
Interest Portion of Rent Expense | 81,463 | 85,064 | 80,735 | 107,112 | 116,801 | 30,022 | 30,362 | |||||||||||||||||||||||||||||
$ | 335,637 | $ | 345,781 | $ | 344,606 | $ | 417,774 | $ | 470,376 | $ | 116,077 | $ | 127,988 | |||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.5 | x | 1.7 | x | 1.5 | x | 1.4 | x | 1.5 | x | 1.6 | x | 1.4 | x | ||||||||||||||||||||||
(1) Gain on sale of real estate reported above are pre-tax. The tax associated with the gain on the sale of real estate for the years ended December 31, 2013, 2014, 2015, 2016 and 2017 and for the three months ended March 31, 2017 and 2018 was $430, $2,205, $209, $130, $0, $0 and $0, respectively. | ||||||||||||||||||||||||||||||||||||