Iron Mountain Incorporated (IRM) financial statements (2021 and earlier)

Company profile

Business Address ONE FEDERAL STREET
BOSTON, MA 02110
State of Incorp. DE
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments205152907153194187162
Cash and cash equivalents205152907153194187162
Restricted cash and investments    5  
Receivables859792806832851822852
Other undisclosed current assets205190184215187195201
Total current assets:1,2701,1341,8971,1991,2361,2041,215
Noncurrent Assets
Finance lease, right-of-use asset311307311316   
Operating lease, right-of-use asset2,1971,9631,9481,9071,8691,7651,794
Property, plant and equipment(3,456)  4,5214,6234,5574,559
Intangible assets, net (including goodwill)5,8855,7795,7675,7365,8784,4224,473
Goodwill4,5584,4624,4214,3734,4854,4224,473
Intangible assets, net (excluding goodwill)1,3271,3171,3461,3641,393  
Regulated entity, other noncurrent assets949710182   
Other noncurrent assets296348219203210  
Other undisclosed noncurrent assets7,5544,0554,124(398) 1,6291,680
Total noncurrent assets:12,87912,54912,47012,36712,58012,37312,506
TOTAL ASSETS:14,14913,68314,36813,56613,81713,57713,721
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9361,2541,2511,1931,2861,1781,224
Accounts payable360303297321325290304
Accrued liabilities445951954872962888920
Interest and dividends payable131      
Deferred revenue296244252260274257269
Debt194393880128389395124
Self insurance reserve48      
Other undisclosed current liabilities522      
Total current liabilities:1,9961,8912,3831,5811,9501,8301,617
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,5108,6198,7508,7088,2768,2208,390
Long-term debt, excluding current maturities8,5108,6198,7508,7088,2768,2208,390
Finance lease, liability323311313312321319331
Operating lease, liability2,0451,8191,8021,7601,7291,6271,655
Other undisclosed long-term debt and lease obligation(2,368)(2,130)(2,116)(2,073)(2,049)(1,946)(1,987)
Liabilities, other than long-term debt438388379365367346352
Deferred revenue36353535362725
Deferred income tax liabilities198195184177188190195
Other liabilities205159160153143130132
Other undisclosed noncurrent liabilities2,0091,7841,7681,7261,6931,6001,630
Total noncurrent liabilities:10,95710,79110,89610,79910,33510,16710,372
Total liabilities:12,95312,68213,28012,38012,28511,99711,989
Temporary equity, carrying amount60646462686873
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1379371,0241,1241,4641,5111,658
Common stock3333333
Additional paid in capital4,3404,3364,3264,3044,2994,2884,282
Accumulated other comprehensive loss(256)(383)(428)(493)(263)(346)(262)
Other undisclosed stockholders' equity attributable to parent(2,950)(3,018)(2,877)(2,690)(2,575)(2,434)(2,365)
Stockholders' equity attributable to noncontrolling interest (0)00011
Total stockholders' equity:1,1379371,0241,1241,4641,5121,659
TOTAL LIABILITIES AND EQUITY:14,14913,68314,36813,56613,81713,57713,721

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,0601,0379821,0691,0801,0621,067
Operating lease, lease income697696677    
Cost of revenue(426)(579)(506)(560)(596)(545)(531)
Cost of goods and services sold(449)(435)(407)(467)(455)(451)(465)
Gross profit:634458476508483517535
Operating expenses(209)(218)(345)(371)(277)(293)(342)
Operating income:425240132138206223193
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(77)(83)(26)43(47)1315
Interest and debt expense(5)(5)(5)(5)(5)(5)(5)
Income from continuing operations before equity method investments, income taxes:343152101175154232203
Other undisclosed income (loss) from continuing operations before income taxes299(99)(99)(101)298(102)(100)
Income from continuing operations before income taxes:64252375452130103
Income tax expense (benefit)4(14)(10)(10)(17)(22)(11)
Other undisclosed loss from continuing operations(399)   (398)  
Income (loss) from continuing operations:24739(7)653710892
Income from discontinued operations      0
Net income (loss):24739(7)653710892
Net income (loss) attributable to noncontrolling interest1(0)0(1)1(1)(0)
Net income (loss) available to common stockholders, diluted:24738(7)643810892

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):24739(7)653710892
Other comprehensive income (loss)1274566(232)84(85)(11)
Comprehensive income (loss):3748359(167)1212382
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(1)(0)010(0)
Comprehensive income (loss), net of tax, attributable to parent:3758359(167)1212382

Statements sources

The financial statements are based on the company's filings with the 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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