Iron Mountain Incorporated (Delaware) (IRM) Financial Statements (2024 and earlier)

Company Profile

Business Address 85 NEW HAMPSHIRE AVENUE, SUITE 150
PORTSMOUTH, NH 03801
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 223142256205194165
Cash and cash equivalents 223142256205194165
Restricted cash and investments     515
Receivables1,2601,175961859851847
Inventory, net of allowances, customer advances and progress billings  12    
Inventory  12    
Prepaid expense 127114    
Derivative instruments and hedges, assets 3    
Other undisclosed current assets126102224205187181
Total current assets:1,7361,5471,4411,2701,2361,208
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization305252298311 ✕
Operating lease, right-of-use asset2,6962,5842,3142,1971,869✕
Property, plant and equipment (3,125)(3,397)(3,753)(3,456)4,6234,490
Intangible assets, net (including goodwill)6,2986,3065,6455,8855,8785,948
Goodwill5,0184,8834,4644,5584,4854,441
Intangible assets, net (excluding goodwill)1,2801,4231,1811,3271,3931,507
Derivative instruments and hedges649    
Regulated entity, other noncurrent assets101819394  
Other noncurrent assets430588382296210207
Other undisclosed noncurrent assets9,0288,1318,0317,554  
Total noncurrent assets:15,73814,59313,00912,87912,58010,644
TOTAL ASSETS:17,47416,14114,45014,14913,81711,852
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7901,5019529361,2861,071
Interest and dividends payable✕✕✕125131  
Accounts payable540469369360325319
Accrued liabilities1,2501,032458445962753
Deferred revenue326329307296274✕
Debt12188309194389126
Self insurance reserve   4748  
Contract with customer, liability✕✕✕✕✕✕265
Other undisclosed current liabilities   403522  
Total current liabilities:2,2361,9182,0191,9961,9501,463
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,81310,4818,9638,5108,2768,016
Long-term debt, excluding current maturities11,81310,4818,9638,5108,2768,016
Finance lease, liability311289316323321✕
Other undisclosed long-term debt and lease obligation(311)(289)(2,487)(2,368)(2,049) 
Liabilities, other than long-term debt3,0353,010402438367233
Deferred revenue   343636✕
Deferred rent credit      122
Deferred income tax liabilities235263224198188✕
Other liabilities238317144205143111
Operating lease, liability2,5622,4292,1712,0451,729✕
Other undisclosed noncurrent liabilities   2,1382,0091,693184
Total noncurrent liabilities:14,84813,49111,50210,95710,3358,433
Total liabilities:17,08415,40913,52112,95312,2859,896
Temporary equity, carrying amount1789572606871
Equity
Equity, attributable to parent, including:2126378561,1371,4641,884
Common stock333333
Additional paid in capital4,5344,4684,4134,3404,2994,263
Accumulated other comprehensive loss(371)(442)(338)(256)(263)(266)
Other undisclosed equity, attributable to parent(3,954)(3,392)(3,221)(2,950)(2,575)(2,116)
Equity, attributable to noncontrolling interest001 01
Total equity:2126378571,1371,4641,886
TOTAL LIABILITIES AND EQUITY:17,47416,14114,45014,14913,81711,852

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,4805,1044,4924,1474,2634,226
Operating lease, lease income   2,8702,7542,681✕
Cost of revenue(3,049)(2,716)(2,478)(2,153)(2,248)(2,245)
Cost of goods and services sold(2,358)(2,189)(1,887)(1,757)(1,833) 
Gross profit:2,4312,3872,0131,9942,0151,981
Operating expenses(1,509)(1,337)(1,159)(1,059)(1,234)(1,226)
Operating income:9221,050854935781756
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(109)70193(144)(34)12
Interest and debt expense(19)(17)(20)(20)(21) 
Income from continuing operations before equity method investments, income taxes:7951,1021,027771726767
Other undisclosed loss from continuing operations before income taxes(567)(471)    
Income from continuing operations before income taxes:2276321,027771726767
Income tax expense(40)(69)(176)(30)(60)(36)
Other undisclosed loss from continuing operations   (398)(399)(398)(354)
Income from continuing operations:187562453343268377
Income before gain (loss) on sale of properties:✕✕✕453343268365
Income (loss) from discontinued operations     0(12)
Net income:187562453343268365
Net loss attributable to noncontrolling interest(3)(5)(3)(0)(1)(1)
Net income available to common stockholders, diluted:184557450343267363

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:187562453343268365
Other comprehensive income (loss)71(104)(84)63(165)
Comprehensive income:258458369349272199
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(5)(1)0(1)2
Comprehensive income, net of tax, attributable to parent:255453368349270202

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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