XML 26 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total Revenues $ 1,476,863 $ 1,314,349
Operating Expenses:    
Cost of sales (excluding depreciation and amortization) 653,255 571,626
Selling, general and administrative 319,465 294,520
Depreciation and amortization 209,555 182,094
Acquisition and Integration Costs 7,809 1,595
Restructuring and other transformation 40,767 36,913
Loss (gain) on disposal/write-down of property, plant and equipment, net 389 (13,061)
Total Operating Expenses 1,231,240 1,073,687
Operating Income (Loss) 245,623 240,662
Interest Expense, Net (includes Interest Income of $3,660 and $2,907 for the three months ended March 31, 2024 and 2023, respectively) 164,519 137,169
Other (Income) Expense, Net (12,530) 21,200
Net Income (Loss) Before Provision (Benefit) for Income Taxes 93,634 82,293
Provision (Benefit) for Income Taxes 16,609 16,758
Net Income (Loss) 77,025 65,535
Less: Net Income (Loss) Attributable to Noncontrolling Interests 2,964 940
Net Income (Loss) Attributable to Iron Mountain Incorporated $ 74,061 $ 64,595
Net Income (Loss) Per Share Attributable to Iron Mountain Incorporated:    
Basic (in dollars per share) $ 0.25 $ 0.22
Diluted (in dollars per share) $ 0.25 $ 0.22
Weighted average common shares outstanding-basic (in shares) 292,746,000 291,442,000
Weighted average common shares outstanding-diluted (in shares) 295,221,000 293,049,000
Storage rental    
Revenues:    
Total Revenues $ 884,842 $ 810,089
Service    
Revenues:    
Total Revenues $ 592,021 $ 504,260