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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 142256205194165926
Cash and cash equivalents 142256205194165926
Restricted cash and investments    51522
Receivables1,175961859851847836
Inventory, net of allowances, customer advances and progress billings 12     
Inventory 12     
Prepaid expense 114     
Derivative instruments and hedges, assets3     
Other current assets      189
Other undisclosed current assets102224205187181(22)
Total current assets:1,5471,4411,2701,2361,2081,950
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization252298311 
Operating lease, right-of-use asset2,5842,3142,1971,869
Property, plant and equipment (3,397)(3,753)(3,456)4,6234,4903,418
Intangible assets, net (including goodwill)6,3065,6455,8855,8785,9484,070
Goodwill4,8834,4644,5584,4854,4414,070
Intangible assets, net (excluding goodwill)1,4231,1811,3271,3931,507 
Derivative instruments and hedges49     
Regulated entity, other noncurrent assets819394   
Other noncurrent assets588382296210207134
Other undisclosed noncurrent assets8,1318,0317,554  1,401
Total noncurrent assets:14,59313,00912,87912,58010,6449,022
TOTAL ASSETS:16,14114,45014,14913,81711,85210,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5019529361,2861,071942
Interest and dividends payable125131   
Accounts payable469369360325319289
Accrued liabilities1,032458445962753653
Deferred revenue329307296274
Debt88309194389126146
Self insurance reserve  4748   
Deferred revenue and credits242
Contract with customer, liability265
Other undisclosed current liabilities  403522   
Total current liabilities:1,9182,0191,9961,9501,4631,330
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,4818,9638,5108,2768,0166,897
Long-term debt, excluding current maturities10,4818,9638,5108,2768,0166,897
Finance lease, liability289316323321
Other undisclosed long-term debt and lease obligation(289)(2,487)(2,368)(2,049)  
Liabilities, other than long-term debt3,010402438367233355
Deferred revenue and credits126
Deferred revenue  343636
Deferred rent credit     122
Deferred tax liabilities, net 156
Deferred income tax liabilities263224198188
Other liabilities31714420514311173
Operating lease, liability2,4292,1712,0451,729
Other undisclosed noncurrent liabilities  2,1382,0091,693184 
Total noncurrent liabilities:13,49111,50210,95710,3358,4337,252
Total liabilities:15,40913,52112,95312,2859,8968,582
Temporary equity, carrying amount957260687191
Equity
Equity, attributable to parent, including:6378561,1371,4641,8842,297
Common stock333333
Additional paid in capital4,4684,4134,3404,2994,2634,165
Accumulated other comprehensive loss(442)(338)(256)(263)(266)(104)
Other undisclosed equity, attributable to parent(3,392)(3,221)(2,950)(2,575)(2,116)(1,766)
Equity, attributable to noncontrolling interest01 011
Total equity:6378571,1371,4641,8862,299
TOTAL LIABILITIES AND EQUITY:16,14114,45014,14913,81711,85210,972

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,1044,4924,1474,2634,2263,846
Revenue, net3,846
Operating lease, lease income  2,8702,7542,681
Cost of revenue(2,716)(2,478)(2,153)(2,248)(2,245)(2,091)
Cost of goods and services sold(2,189)(1,887)(1,757)(1,833)  
Gross profit:2,3872,0131,9942,0151,9811,755
Operating expenses(1,337)(1,159)(1,059)(1,234)(1,226)(1,106)
Operating income:1,050854935781756649
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
70193(144)(34)12(79)
Interest and debt expense(17)(20)(20)(21) (78)
Income from continuing operations before equity method investments, income taxes:1,1021,027771726767491
Other undisclosed loss from continuing operations before income taxes(471)     
Income from continuing operations before income taxes:6321,027771726767491
Income tax expense(69)(176)(30)(60)(36)(26)
Other undisclosed loss from continuing operations  (398)(399)(398)(354)(274)
Income from continuing operations:562453343268377192
Income before gain (loss) on sale of properties:453343268365185
Income (loss) from discontinued operations    0(12)(6)
Net income:562453343268365185
Net loss attributable to noncontrolling interest(5)(3)(0)(1)(1)(2)
Net income available to common stockholders, diluted:557450343267363184

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:562453343268365185
Other comprehensive income (loss)(104)(84)63(165)109
Comprehensive income:458369349272199294
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(1)0(1)2(2)
Comprehensive income, net of tax, attributable to parent:453368349270202292

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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