IRON MOUNTAIN INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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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.
FY2024 · Filed Feb 14, 2025
IRM$110.78-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations, Years Ended and
Part IV
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS, EXCEPT PER SHARE DATA)
| YEAR ENDED DECEMBER 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Storage rental | $3,682,259 | $3,370,645 | $3,034,023 |
| Service | 2,467,650 | 2,109,644 | 2,069,551 |
| Total Revenues | 6,149,909 | 5,480,289 | 5,103,574 |
| Operating Expenses: | |||
| Cost of sales (excluding depreciation and amortization) | 2,696,549 | 2,357,800 | 2,189,120 |
| Selling, general and administrative | 1,339,539 | 1,236,287 | 1,140,577 |
| Depreciation and amortization | 900,905 | 776,159 | 727,595 |
| Acquisition and Integration Costs | 35,842 | 25,875 | 47,746 |
| Restructuring and other transformation | 161,359 | 175,215 | 41,933 |
| Loss (gain) on disposal/write-down of property, plant and equipment, net | 6,196 | (12,825) | (93,268) |
| Total Operating Expenses | 5,140,390 | 4,558,511 | 4,053,703 |
| Operating Income (Loss) | 1,009,519 | 921,778 | 1,049,871 |
| Interest Expense, Net (includes Interest Income of $14,672, $12,471 and $8,276 in 2024, 2023 and 2022, respectively) | 721,559 | 585,932 | 488,014 |
| Other Expense (Income), Net | 43,422 | 108,640 | (69,781) |
| Net Income (Loss) Before Provision (Benefit) for Income Taxes | 244,538 | 227,206 | 631,638 |
| Provision (Benefit) for Income Taxes | 60,872 | 39,943 | 69,489 |
| Net Income (Loss) | 183,666 | 187,263 | 562,149 |
| Less: Net income (loss) attributable to noncontrolling interests | 3,510 | 3,029 | 5,168 |
| Net Income (Loss) Attributable to Iron Mountain Incorporated | $180,156 | $184,234 | $556,981 |
| Earnings (Losses) Per Share Attributable to Iron Mountain Incorporated: | |||
| Basic | $0.61 | $0.63 | $1.92 |
| Diluted | $0.61 | $0.63 | $1.90 |
| Weighted Average Common Shares Outstanding: | |||
| Basic | 293,365 | 291,936 | 290,812 |
| Diluted | 296,234 | 293,965 | 292,444 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.