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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total Revenues $ 1,357,936 $ 1,289,534 $ 2,672,285 $ 2,537,580
Operating Expenses:        
Cost of sales (excluding depreciation and amortization) 592,644 556,476 1,164,270 1,103,098
Selling, general and administrative 311,805 295,394 606,325 576,117
Depreciation and amortization 195,367 178,254 377,461 361,869
Acquisition and Integration Costs 1,511 16,878 3,106 32,539
Restructuring and other transformation 45,588 0 82,501 0
(Gain) Loss on disposal/write-down of property, plant and equipment, net (1,505) (51,249) (14,566) (51,954)
Total Operating Expenses 1,145,410 995,753 2,219,097 2,021,669
Operating Income (Loss) 212,526 293,781 453,188 515,911
Interest Expense, Net (includes Interest Income of $2,290 and $2,171 for the three months ended June 30, 2023 and 2022, respectively) 144,178 115,057 281,347 229,499
Other Expense (Income), Net 62,950 (41,217) 84,150 14,684
Net Income (Loss) Before Provision (Benefit) for Income Taxes 5,398 219,941 87,691 271,728
Provision (Benefit) for Income Taxes 4,255 18,083 21,013 28,163
Net Income (Loss) 1,143 201,858 66,678 243,565
Less: Net Income (Loss) Attributable to Noncontrolling Interests 1,029 1,777 1,969 1,185
Net Income (Loss) Attributable to Iron Mountain Incorporated $ 114 $ 200,081 $ 64,709 $ 242,380
Net Income (Loss) Per Share Attributable to Iron Mountain Incorporated:        
Basic (in dollars per share) $ 0.00 $ 0.69 $ 0.22 $ 0.83
Diluted (in dollars per share) $ 0.00 $ 0.68 $ 0.22 $ 0.83
Weighted average common shares outstanding-basic (in shares) 291,825,000 290,756,000 291,633,000 290,542,000
Weighted average common shares outstanding-diluted (in shares) 293,527,000 292,487,234 293,288,000 292,166,419
Storage Rental        
Revenues:        
Total Revenues $ 830,756 $ 753,126 $ 1,640,845 $ 1,504,196
Service        
Revenues:        
Total Revenues $ 527,180 $ 536,408 $ 1,031,440 $ 1,033,384