Iron Mountain Incorporated (IRM) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments194165926236128139121
Cash and cash equivalents194165926236128126121
Short-term investments     13 
Restricted cash and investments51522  34 
Receivables851847836714598646617
Prepaid expense   16211098113
Income taxes receivable32
Deferred tax assets    1418
Other current assets  189184165154162
Other undisclosed current assets187181(22)(184)(143)(167)(129)
Total current assets:1,2361,2081,9501,112858918934
Noncurrent Assets
Operating lease, right-of-use asset1,869
Property, plant and equipment4,6234,4903,4183,0832,4972,5512,578
Long-term investments and receivables      0
Long-term investments      0
Intangible assets, net (including goodwill)5,8785,9484,0703,9052,3612,4242,463
Goodwill4,4854,4414,0703,9052,3612,4242,463
Intangible assets, net (excluding goodwill)1,3931,507     
Regulated entity, other noncurrent assets   6858  
Deferred costs     4746
Other noncurrent assets210207134134312327
Deferred tax assets, net    (55)(344)
Other undisclosed noncurrent assets  1,4011,185545662949
Total noncurrent assets:12,58010,6449,0228,3755,4935,6535,719
TOTAL ASSETS:13,81711,85210,9729,4876,3516,5706,653
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2861,071942672571750678
Accounts payable325319289222220203216
Accrued liabilities962753653450351404461
Employee-related liabilities     67 
Interest and dividends payable     76 
Deferred revenue274
Debt389126146173885253
Self insurance reserve     3333
Deferred revenue and credits242201183197229
Deferred tax liabilities    248
Contract with customer, liability265
Other liabilities     805907
Other undisclosed current liabilities     (983)(987)
Total current liabilities:1,9501,4631,3301,047842857959
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,2768,0166,8976,0784,7584,6114,119
Long-term debt, excluding current maturities8,2768,0166,8976,0784,758  
Finance lease, liability321
Operating lease, liability1,729
Other undisclosed long-term debt and lease obligation(2,049)    4,6114,119
Liabilities, other than long-term debt367233355371223232517
Deferred revenue and credits12612096104104
Deferred revenue36
Deferred rent credit 122
Deferred tax liabilities, net 1561515555344
Deferred income tax liabilities188
Other liabilities14311173100727468
Other undisclosed noncurrent liabilities1,693184     
Total noncurrent liabilities:10,3358,4337,2526,4494,9804,8444,636
Total liabilities:12,2859,8968,5827,4955,8225,7005,595
Temporary equity, carrying amount68719155   
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4641,8842,2971,9375098561,047
Common stock3333222
Additional paid in capital4,2994,2634,1653,4901,6241,589980
Accumulated other comprehensive loss(263)(266)(104)(213)(175)(75)(9)
Retained earnings      74
Other undisclosed stockholders' equity attributable to parent(2,575)(2,116)(1,766)(1,343)(942)(660) 
Stockholders' equity attributable to noncontrolling interest0110201410
Total stockholders' equity:1,4641,8862,2991,9375298701,058
TOTAL LIABILITIES AND EQUITY:13,81711,85210,9729,4876,3516,5706,653

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,2634,2263,8463,5113,0083,1183,026
Revenue, net3,8463,5113,0083,1183,026
Operating lease, lease income2,681
Cost of revenue(2,248)(2,245)(2,091)(1,783)(1,543)(1,648)(1,571)
Cost of goods and services sold(1,833)      
Gross profit:2,0151,9811,7551,7291,4651,4701,455
Operating expenses(1,234)(1,226)(1,106)(1,227)(940)(920)(963)
Operating income:781756649502525549492
Nonoperating income (expense)(34)12(79)(44)(99)(121)(107)
Foreign currency transaction loss, before tax     (58)(36)
Other nonoperating income (expense)(34)12(79)(44)(99)(65)(75)
Interest and debt expense(21) (78)(9)(27)(277)(298)
Other undisclosed income from continuing operations before equity method investments, income taxes      76
Income from continuing operations before income taxes:726767491448399151163
Income tax expense (benefit)(60)(36)(26)(45)(38)97(63)
Other undisclosed income (loss) from continuing operations(398)(354)(274)(299)(236)81 
Income from continuing operations:268377192104125329100
Income (loss) from discontinued operations0(12)(6)3 (0)1
Income before gain (loss) on sale of properties:268365185107125329101
Gain on sale of properties, net of applicable income taxes     8 
Other undisclosed net loss     (8) 
Net income:268365185107125329101
Net loss attributable to noncontrolling interest(1)(1)(2)(2)(2)(3)(4)
Net income available to common stockholders, diluted:26736318410512332697

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:268365185107125329101
Other comprehensive income (loss)3(165)109(36)(101)(67)(31)
Comprehensive income:272199294712426270
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)2(2)(4)(1)(2)2
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4)
Comprehensive income, net of tax, attributable to parent:270202292672326068

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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