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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments205194165926236128139
Cash and cash equivalents205194165926236128126
Short-term investments      13
Restricted cash and investments 51522  34
Receivables859851847836714598646
Prepaid expense    16211098
Deferred tax assets    14
Other current assets   189184165154
Other undisclosed current assets205187181(22)(184)(143)(167)
Total current assets:1,2701,2361,2081,9501,112858918
Noncurrent Assets
Finance lease, right-of-use asset311 
Operating lease, right-of-use asset2,1971,869
Property, plant and equipment(3,456)4,6234,4903,4183,0832,4972,551
Intangible assets, net (including goodwill)5,8855,8785,9484,0703,9052,3612,424
Goodwill4,5584,4854,4414,0703,9052,3612,424
Intangible assets, net (excluding goodwill)1,3271,3931,507    
Regulated entity, other noncurrent assets94   6858 
Deferred costs      47
Other noncurrent assets2962102071341343123
Deferred tax assets, net    (55)
Other undisclosed noncurrent assets7,554  1,4011,185545662
Total noncurrent assets:12,87912,58010,6449,0228,3755,4935,653
TOTAL ASSETS:14,14913,81711,85210,9729,4876,3516,570
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9361,2861,071942672571750
Accounts payable360325319289222220203
Accrued liabilities445962753653450351404
Employee-related liabilities      67
Interest and dividends payable131     76
Deferred revenue296274
Debt1943891261461738852
Self insurance reserve48     33
Deferred revenue and credits242201183197
Deferred tax liabilities    2
Contract with customer, liability265
Other liabilities      805
Other undisclosed current liabilities522     (983)
Total current liabilities:1,9961,9501,4631,3301,047842857
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,5108,2768,0166,8976,0784,7584,611
Long-term debt, excluding current maturities8,5108,2768,0166,8976,0784,758 
Finance lease, liability323321
Operating lease, liability2,0451,729
Other undisclosed long-term debt and lease obligation(2,368)(2,049)    4,611
Liabilities, other than long-term debt438367233355371223232
Deferred revenue and credits12612096104
Deferred revenue3636
Deferred rent credit  122
Deferred tax liabilities, net 1561515555
Deferred income tax liabilities198188
Other liabilities205143111731007274
Other undisclosed noncurrent liabilities2,0091,693184    
Total noncurrent liabilities:10,95710,3358,4337,2526,4494,9804,844
Total liabilities:12,95312,2859,8968,5827,4955,8225,700
Temporary equity, carrying amount6068719155  
Stockholders' equity
Stockholders' equity attributable to parent, including:1,1371,4641,8842,2971,937509856
Common stock3333322
Additional paid in capital4,3404,2994,2634,1653,4901,6241,589
Accumulated other comprehensive loss(256)(263)(266)(104)(213)(175)(75)
Other undisclosed stockholders' equity attributable to parent(2,950)(2,575)(2,116)(1,766)(1,343)(942)(660)
Stockholders' equity attributable to noncontrolling interest 01102014
Total stockholders' equity:1,1371,4641,8862,2991,937529870
TOTAL LIABILITIES AND EQUITY:14,14913,81711,85210,9729,4876,3516,570

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,1474,2634,2263,8463,5113,0083,118
Revenue, net3,8463,5113,0083,118
Operating lease, lease income2,7542,681
Cost of revenue(2,153)(2,248)(2,245)(2,091)(1,783)(1,543)(1,648)
Cost of goods and services sold(1,757)(1,833)     
Gross profit:1,9942,0151,9811,7551,7291,4651,470
Operating expenses(1,059)(1,234)(1,226)(1,106)(1,227)(940)(920)
Operating income:935781756649502525549
Nonoperating income (expense)(144)(34)12(79)(44)(99)(121)
Foreign currency transaction loss, before tax      (58)
Other nonoperating income (expense)(144)(34)12(79)(44)(99)(65)
Interest and debt expense(20)(21) (78)(9)(27)(277)
Income from continuing operations before income taxes:771726767491448399151
Income tax expense (benefit)(30)(60)(36)(26)(45)(38)97
Other undisclosed income (loss) from continuing operations(399)(398)(354)(274)(299)(236)81
Income from continuing operations:343268377192104125329
Income (loss) from discontinued operations 0(12)(6)3 (0)
Income before gain (loss) on sale of properties:343268365185107125329
Gain on sale of properties, net of applicable income taxes      8
Other undisclosed net loss      (8)
Net income:343268365185107125329
Net loss attributable to noncontrolling interest(0)(1)(1)(2)(2)(2)(3)
Net income available to common stockholders, diluted:343267363184105123326

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:343268365185107125329
Other comprehensive income (loss)63(165)109(36)(101)(67)
Comprehensive income:3492721992947124262
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)2(2)(4)(1)(2)
Comprehensive income, net of tax, attributable to parent:3492702022926723260

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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