Iron Mountain Incorporated (IRM) Financial Statements (2023 and Earlier)

Company Profile

Business Address ONE FEDERAL STREET
BOSTON, MA 02110
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments256205194165926236128
Cash and cash equivalents256205194165926236128
Restricted cash and investments  51522  
Receivables961859851847836714598
Prepaid expense     162110
Other current assets    189184165
Other undisclosed current assets224205187181(22)(184)(143)
Total current assets:1,4411,2701,2361,2081,9501,112858
Noncurrent Assets
Finance lease, right-of-use asset298311 
Operating lease, right-of-use asset2,3142,1971,869
Property, plant and equipment(3,753)(3,456)4,6234,4903,4183,0832,497
Intangible assets, net (including goodwill)5,6455,8855,8785,9484,0703,9052,361
Goodwill4,4644,5584,4854,4414,0703,9052,361
Intangible assets, net (excluding goodwill)1,1811,3271,3931,507   
Regulated entity, other noncurrent assets9394   6858
Other noncurrent assets38229621020713413431
Other undisclosed noncurrent assets8,0317,554  1,4011,185545
Total noncurrent assets:13,00912,87912,58010,6449,0228,3755,493
TOTAL ASSETS:14,45014,14913,81711,85210,9729,4876,351
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9529361,2861,071942672571
Accounts payable369360325319289222220
Accrued liabilities458445962753653450351
Interest and dividends payable125131     
Deferred revenue307296274
Debt30919438912614617388
Self insurance reserve4748     
Deferred revenue and credits242201183
Contract with customer, liability265
Other undisclosed current liabilities403522     
Total current liabilities:2,0191,9961,9501,4631,3301,047842
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,9638,5108,2768,0166,8976,0784,758
Long-term debt, excluding current maturities8,9638,5108,2768,0166,8976,0784,758
Finance lease, liability316323321
Operating lease, liability2,1712,0451,729
Other undisclosed long-term debt and lease obligation(2,487)(2,368)(2,049)    
Liabilities, other than long-term debt402438367233355371223
Deferred revenue and credits12612096
Deferred revenue343636
Deferred rent credit   122
Deferred tax liabilities, net 15615155
Deferred income tax liabilities224198188
Other liabilities1442051431117310072
Other undisclosed noncurrent liabilities2,1382,0091,693184   
Total noncurrent liabilities:11,50210,95710,3358,4337,2526,4494,980
Total liabilities:13,52112,95312,2859,8968,5827,4955,822
Temporary equity, carrying amount726068719155 
Stockholders' equity
Stockholders' equity attributable to parent, including:8561,1371,4641,8842,2971,937509
Common stock3333332
Additional paid in capital4,4134,3404,2994,2634,1653,4901,624
Accumulated other comprehensive loss(338)(256)(263)(266)(104)(213)(175)
Other undisclosed stockholders' equity attributable to parent(3,221)(2,950)(2,575)(2,116)(1,766)(1,343)(942)
Stockholders' equity attributable to noncontrolling interest1 011020
Total stockholders' equity:8571,1371,4641,8862,2991,937529
TOTAL LIABILITIES AND EQUITY:14,45014,14913,81711,85210,9729,4876,351

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,4924,1474,2634,2263,8463,5113,008
Revenue, net3,8463,5113,008
Operating lease, lease income2,8702,7542,681
Cost of revenue(2,478)(2,153)(2,248)(2,245)(2,091)(1,783)(1,543)
Cost of goods and services sold(1,887)(1,757)(1,833)    
Gross profit:2,0131,9942,0151,9811,7551,7291,465
Operating expenses(1,159)(1,059)(1,234)(1,226)(1,106)(1,227)(940)
Operating income:854935781756649502525
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
193(144)(34)12(79)(44)(99)
Interest and debt expense(20)(20)(21) (78)(9)(27)
Income from continuing operations before income taxes:1,027771726767491448399
Income tax expense(176)(30)(60)(36)(26)(45)(38)
Other undisclosed loss from continuing operations(398)(399)(398)(354)(274)(299)(236)
Income from continuing operations:453343268377192104125
Income (loss) from discontinued operations  0(12)(6)3 
Net income:453343268365185107125
Net loss attributable to noncontrolling interest(3)(0)(1)(1)(2)(2)(2)
Net income available to common stockholders, diluted:450343267363184105123

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:453343268365185107125
Other comprehensive income (loss)(84)63(165)109(36)(101)
Comprehensive income:3693492721992947124
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)0(1)2(2)(4)(1)
Comprehensive income, net of tax, attributable to parent:3683492702022926723

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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