XML 26 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 149,493 $ 141,797
Accounts receivable (less allowances of $65,217 and $54,143 as of June 30, 2023 and December 31, 2022, respectively) 1,182,154 1,174,915
Prepaid expenses and other 279,522 230,433
Total Current Assets 1,611,169 1,547,145
Property, Plant and Equipment:    
Property, plant and equipment 9,546,766 9,025,765
Less—Accumulated depreciation (3,943,300) (3,910,321)
Property, Plant and Equipment, Net 5,603,466 5,115,444
Other Assets, Net:    
Goodwill 4,928,145 4,882,734
Customer and supplier relationships and other intangible assets 1,348,679 1,423,145
Operating lease right-of-use assets 2,671,371 2,583,704
Other 515,739 588,342
Total Other Assets, Net 9,463,934 9,477,925
Total Assets 16,678,569 16,140,514
Current Liabilities:    
Current portion of long-term debt 102,582 87,546
Accounts payable 482,244 469,198
Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) 1,141,613 1,031,910
Deferred revenue 336,068 328,910
Total Current Liabilities 2,062,507 1,917,564
Long-term Debt, net of current portion 11,144,230 10,481,449
Long-term Operating Lease Liabilities, net of current portion 2,513,975 2,429,167
Other Long-term Liabilities 164,242 317,376
Deferred Income Taxes 273,213 263,005
Commitments and Contingencies
Redeemable Noncontrolling Interests 104,059 95,160
Equity:    
Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) 0 0
Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 291,824,958 and 290,830,296 shares as of June 30, 2023 and December 31, 2022, respectively) 2,918 2,908
Additional paid-in capital 4,488,492 4,468,035
(Distributions in excess of earnings) Earnings in excess of distributions (3,692,948) (3,392,272)
Accumulated other comprehensive items, net (382,244) (442,003)
Total Iron Mountain Incorporated Stockholders' Equity 416,218 636,668
Noncontrolling Interests 125 125
Total Equity 416,343 636,793
Total Liabilities and Equity $ 16,678,569 $ 16,140,514