Iron Mountain Incorporated (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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  146142155145196
Cash and cash equivalents  146142155145196
Receivables1,1821,1741,1751,1341,1161,064
Inventory, net of allowances, customer advances and progress billings   12152225
Inventory   12152225
Prepaid expense   114   
Derivative instruments and hedges, assets1123   
Other undisclosed current assets428269102253259243
Total current assets:1,6111,6011,5471,5571,5421,528
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization255250252251262284
Operating lease, right-of-use asset2,6712,6672,5842,5562,5122,344
Property, plant and equipment   (3,397)   
Intangible assets, net (including goodwill)6,2776,2776,3066,2766,4326,605
Goodwill4,9284,8974,8834,8314,9245,024
Intangible assets, net (excluding goodwill)1,3491,3801,4231,4451,5091,581
Derivative instruments and hedges273149   
Regulated entity, other noncurrent assets867781859094
Other noncurrent assets516578588575518481
Other undisclosed noncurrent assets5,2364,9858,1314,3954,2674,292
Total noncurrent assets:15,06714,86514,59314,13814,08014,100
TOTAL ASSETS:16,67916,46616,14115,69515,62215,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6241,5701,5014324351,307
Accounts payable482512469432435424
Accrued liabilities1,1421,0571,032  883
Deferred revenue336335329283302302
Debt10310288818791
Other undisclosed current liabilities    930958 
Total current liabilities:2,0632,0071,9181,7261,7821,701
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,14410,86210,48110,2299,99310,143
Long-term debt, excluding current maturities11,14410,86210,48110,2299,99310,143
Finance lease, liability297295289277287302
Other undisclosed long-term debt and lease obligation(297)(295)(289)(2,682)(2,658)(2,498)
Liabilities, other than long-term debt2,9512,9563,010738763787
Deferred revenue    313332
Deferred income tax liabilities273272263308325348
Other liabilities164170317399405408
Operating lease, liability2,5142,5142,4292,4062,3712,197
Other undisclosed noncurrent liabilities    2,3752,3382,165
Total noncurrent liabilities:14,09613,81813,49113,34113,09413,095
Total liabilities:16,15815,82415,40915,06714,87714,796
Temporary equity, carrying amount1049695949473
Equity
Equity, attributable to parent, including:416545637529647758
Common stock333333
Additional paid in capital4,4884,4594,4684,4464,4324,409
Accumulated other comprehensive loss(382)(406)(442)(589)(447)(294)
Other undisclosed equity, attributable to parent(3,693)(3,511)(3,392)(3,330)(3,341)(3,360)
Equity, attributable to noncontrolling interest000551
Total equity:416546637534652759
TOTAL LIABILITIES AND EQUITY:16,67916,46616,14115,69515,62215,628

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,3581,3141,2791,2871,2901,248
Operating lease, lease income    760753751
Cost of revenue(823)(769)(590)(702)(690)(734)
Cost of goods and services sold(593)(572)(540)(546)(556)(547)
Gross profit:535545689585600514
Operating expenses(322)(305)(440)(299)(306)(292)
Operating income:213241248286294222
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(63)(21)325341(56)
Interest and debt expense(4)(4)(17)(4)(4)(5)
Income from continuing operations before equity method investments, income taxes:145215263335331162
Other undisclosed loss from continuing operations before income taxes(140)(133)(120)(118)(111)(110)
Income from continuing operations before income taxes:58214321722052
Income tax expense(4)(17)(17)(24)(18)(10)
Income from continuing operations:16612619320242
Income before gain (loss) on sale of properties:19320242
Net income:16612619320242
Net income (loss) attributable to noncontrolling interest(1)(1)(3)(1)(2)1
Net income available to common stockholders, diluted:06512219220042

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:16612619320242
Other comprehensive income (loss)2337148(143)(154)44
Comprehensive income:25102274504886
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(4)(0)(1)0
Comprehensive income, net of tax, attributable to parent:24101270504786

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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