IRON MOUNTAIN INC

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

IRM$110.85+4.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets, and

(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

	DECEMBER 31,
	2023	2022
ASSETS
Current Assets:
Cash and cash equivalents	$222,789	$141,797
Accounts receivable (less allowances of $74,762 and $54,143 as of December 31, 2023 and 2022, respectively)	1,259,826	1,174,915
Prepaid expenses and other	252,930	230,433
Total Current Assets	1,735,545	1,547,145
Property, plant and equipment	10,373,989	9,025,765
Less—Accumulated depreciation	(4,059,120)	(3,910,321)
Property, Plant and Equipment, net	6,314,869	5,115,444
Other Assets, Net:
Goodwill	5,017,912	4,882,734
Customer and supplier relationships and other intangible assets	1,279,800	1,423,145
Operating lease right-of-use assets	2,696,024	2,583,704
Other	429,652	588,342
Total Other Assets, Net	9,423,388	9,477,925
Total Assets	$17,473,802	$16,140,514
LIABILITIES AND EQUITY
Current Liabilities:
Current portion of long-term debt	$120,670	$87,546
Accounts payable	539,594	469,198
Accrued expenses and other current liabilities (includes current portion of operating lease liabilities)	1,250,259	1,031,910
Deferred revenue	325,665	328,910
Total Current Liabilities	2,236,188	1,917,564
Long-term Debt, net of current portion	11,812,500	10,481,449
Long-term Operating Lease Liabilities, net of current portion	2,562,394	2,429,167
Other Long-term Liabilities	237,590	317,376
Deferred Income Taxes	235,410	263,005
Commitments and Contingencies
Redeemable Noncontrolling Interests	177,947	95,160
Equity:
Iron Mountain Incorporated Stockholders’ Equity:
Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding)	—	—
Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 292,142,739 shares and 290,830,296 shares as of December 31, 2023 and 2022, respectively)	2,921	2,908
Additional paid-in capital	4,533,691	4,468,035
(Distributions in excess of earnings) earnings in excess of distributions	(3,953,808)	(3,392,272)
Accumulated other comprehensive items, net	(371,156)	(442,003)
Total Iron Mountain Incorporated Stockholders’ Equity	211,648	636,668
Noncontrolling Interests	125	125
Total Equity	211,773	636,793
Total Liabilities and Equity	$17,473,802	$16,140,514

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.