Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors (Tables)

6 Months Ended

Jun. 30, 2011

Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors

Selected consolidated Balance sheet statements of Parent, Guarantors, Canada Company and Non-Guarantors

				December 31, 2010
				Parent		Guarantors		Canada Company		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
		Cash and Cash Equivalents		$	13,909	$	121,584	$	37,652	$	85,548	$	—		$	258,693
		Restricted Cash			35,105		—		—		—		—			35,105
		Accounts Receivable			—		327,842		41,562		163,666		—			533,070
		Intercompany Receivable			1,344,802		—		9,281		—		(1,354,083	)		—
		Assets of Discontinued Operations (see Note 10)			—		184,790		—		17,936		—			202,726
		Other Current Assets			2,601		121,681		10,878		41,048		—			176,208
			Total Current Assets		1,396,417		755,897		99,373		308,198		(1,354,083	)		1,205,802
Property, Plant and Equipment, Net					—		1,522,073		208,020		745,734		—			2,475,827
Other Assets, Net:
		Long-term Notes Receivable from Affiliates and Intercompany Receivable			1,381,546		1,000		—		—		(1,382,546	)		—
		Investment in Subsidiaries			1,863,957		1,599,133		—		—		(3,463,090	)		—
		Goodwill			—		1,525,960		203,345		552,832		—			2,282,137
		Other			27,304		236,497		13,601		168,679		(114	)		445,967
			Total Other Assets, Net		3,272,807		3,362,590		216,946		721,511		(4,845,750	)		2,728,104
			Total Assets	$	4,669,224	$	5,640,560	$	524,339	$	1,775,443	$	(6,199,833	)	$	6,409,733
Liabilities and Equity
Intercompany Payable				$	—	$	1,325,593	$	—	$	28,490	$	(1,354,083	)	$	—
Current Portion of Long-term Debt					56,407		24,393		2,606		13,197		—			96,603
Total Other Current Liabilities					92,339		388,242		42,614		180,626		—			703,821
Liabilities of Discontinued Operations (see Note 10)					—		53,374		—		3,848		—			57,222
Long-term Debt, Net of Current Portion					2,559,780		67,504		191,010		94,171		—			2,912,465
Long-term Notes Payable to Affiliates and Intercompany Payable					1,000		1,381,546		—		—		(1,382,546	)		—
Other Long-term Liabilities					3,853		551,961		27,585		93,075		(114	)		676,360
Commitments and Contingencies (See Note 8)
	Total Iron Mountain Incorporated Stockholders' Equity				1,955,845		1,847,947		260,524		1,354,619		(3,463,090	)		1,955,845
	Noncontrolling Interests				—		—		—		7,417		—			7,417
			Total Equity		1,955,845		1,847,947		260,524		1,362,036		(3,463,090	)		1,963,262
			Total Liabilities and Equity	$	4,669,224	$	5,640,560	$	524,339	$	1,775,443	$	(6,199,833	)	$	6,409,733

				June 30, 2011
				Parent		Guarantors		Canada Company		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
		Cash and Cash Equivalents		$	—	$	153,604	$	40,721	$	77,099	$	—		$	271,424
		Restricted Cash			35,108		—		—		—		—			35,108
		Accounts Receivable			—		342,693		48,699		186,224		—			577,616
		Intercompany Receivable			1,210,262		—		10,615		—		(1,220,877	)		—
		Assets of Discontinued Operations (see Note 10)			—		—		—		13,126		—			13,126
		Other Current Assets			3,661		121,425		6,074		41,212		—			172,372
			Total Current Assets		1,249,031		617,722		106,109		317,661		(1,220,877	)		1,069,646
Property, Plant and Equipment, Net					—		1,489,512		208,945		779,742		—			2,478,199
Other Assets, Net:
		Long-term Notes Receivable from Affiliates and Intercompany Receivable			1,556,994		612,423		—		—		(2,169,417	)		—
		Investment in Subsidiaries			1,352,175		1,079,972		—		—		(2,432,147	)		—
		Goodwill			—		1,527,345		210,186		620,598		—			2,358,129
		Other			22,141		245,260		12,912		224,412		—			504,725
			Total Other Assets, Net		2,931,310		3,465,000		223,098		845,010		(4,601,564	)		2,862,854
			Total Assets	$	4,180,341	$	5,572,234	$	538,152	$	1,942,413	$	(5,822,441	)	$	6,410,699
Liabilities and Equity
Intercompany Payable				$	—	$	1,134,520	$	—	$	86,357	$	(1,220,877	)	$	—
Current Portion of Long-term Debt					635		46,985		2,675		15,904		—			66,199
Total Other Current Liabilities					96,574		422,191		29,792		180,294		—			728,851
Liabilities of Discontinued Operations (see Note 10)					—		—		—		3,342		—			3,342
Long-term Debt, Net of Current Portion					2,024,211		545,002		196,710		100,997		—			2,866,920
Long-term Notes Payable to Affiliates and Intercompany Payable					1,007		1,556,994		—		611,416		(2,169,417	)		—
Other Long-term Liabilities					4,308		537,756		32,078		109,136		—			683,278
Commitments and Contingencies (See Note 8)
	Total Iron Mountain Incorporated Stockholders' Equity				2,053,606		1,328,786		276,897		826,464		(2,432,147	)		2,053,606
	Noncontrolling Interests				—		—		—		8,503		—			8,503
			Total Equity		2,053,606		1,328,786		276,897		834,967		(2,432,147	)		2,062,109
			Total Liabilities and Equity	$	4,180,341	$	5,572,234	$	538,152	$	1,942,413	$	(5,822,441	)	$	6,410,699

Selected consolidated Income statement of Parent, Guarantors, Canada Company and Non-Guarantors

			Three Months Ended June 30, 2010
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Revenues:
	Storage		$	—		$	279,144		$	27,531		$	91,456		$	—		$	398,131
	Service			—			211,719			28,851			86,082			—			326,652
		Total Revenues		—			490,863			56,382			177,538			—			724,783
Operating Expenses:
	Cost of Sales (Excluding Depreciation and Amortization)			—			183,193			21,187			90,301			—			294,681
	Selling, General and Administrative			20			132,373			9,340			55,042			—			196,775
	Depreciation and Amortization			53			49,866			4,692			20,888			—			75,499
	Loss (Gain) on Disposal/Writedown of Property, Plant and Equipment, Net			—			(154	)		(29	)		44			—			(139	)
		Total Operating Expenses		73			365,278			35,190			166,275			—			566,816
Operating (Loss) Income				(73	)		125,585			21,192			11,263			—			157,967
Interest Expense (Income), Net				49,469			(11,635	)		11,290			3,493			—			52,617
Other Expense (Income), Net				(26,417	)		303			(10	)		30,272			—			4,148
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes				(23,125	)		136,917			9,912			(22,502	)		—			101,202
Provision (Benefit) for Income Taxes				—			48,103			3,222			949			—			52,274
Equity in the Losses (Earnings) of Subsidiaries, Net of Tax				(64,417	)		17,231			—			—			47,186			—
Income (Loss) from Continuing Operations				41,292			71,583			6,690			(23,451	)		(47,186	)		48,928
Income (Loss) from Discontinued Operations (see Note 10)				—			(7,069	)		—			(107	)		—			(7,176	)
Net (Loss) Income				41,292			64,514			6,690			(23,558	)		(47,186	)		41,752
		Less: Net Income (Loss) Attributable to Noncontrolling Interests		—			—			—			460			—			460
Net (Loss) Income Attributable to Iron Mountain Incorporated			$	41,292		$	64,514		$	6,690		$	(24,018	)	$	(47,186	)	$	41,292

			Three Months Ended June 30, 2011
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Revenues:
	Storage		$	—		$	277,532		$	31,255		$	111,781		$	—		$	420,568
	Service			—			210,688			29,512			102,121			—			342,321
		Total Revenues		—			488,220			60,767			213,902			—			762,889
Operating Expenses:
	Cost of Sales (Excluding Depreciation and Amortization)			—			182,033			23,270			106,079			—			311,382
	Selling, General and Administrative			29			147,576			10,467			66,497			—			224,569
	Depreciation and Amortization			36			48,226			4,697			26,819			—			79,778
	Loss (Gain) on Disposal/Writedown of Property, Plant and Equipment, Net			—			(133	)		(188	)		110			—			(211	)
		Total Operating Expenses		65			377,702			38,246			199,505			—			615,518
Operating (Loss) Income				(65	)		110,518			22,521			14,397			—			147,371
Interest Expense (Income), Net				42,864			(22,956	)		11,921			17,182			—			49,011
Other Expense (Income), Net				7,608			5,511			333			(10,795	)		—			2,657
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes				(50,537	)		127,963			10,267			8,010			—			95,703
Provision (Benefit) for Income Taxes				—			24,279			4,844			1,050			—			30,173
Equity in the Losses (Earnings) of Subsidiaries, Net of Tax				(303,221	)		(60,516	)		—			—			363,737			—
Income (Loss) from Continuing Operations				252,684			164,200			5,423			6,960			(363,737	)		65,530
Income (Loss) from Discontinued Operations (see Note 10)				—			(10,398	)		—			4,566			—			(5,832	)
Gain (Loss) on Sale of Discontinued Operations (see Note 10)				—			193,349			—			—			—			193,349
Net (Loss) Income				252,684			347,151			5,423			11,526			(363,737	)		253,047
		Less: Net Income (Loss) Attributable to Noncontrolling Interests		—			—			—			363			—			363
Net (Loss) Income Attributable to Iron Mountain Incorporated			$	252,684		$	347,151		$	5,423		$	11,163		$	(363,737	)	$	252,684

			Six Months Ended June 30, 2010
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Revenues:
	Storage		$	—		$	557,121		$	54,432		$	184,825		$	—		$	796,378
	Service			—			421,747			57,070			175,168			—			653,985
		Total Revenues		—			978,868			111,502			359,993			—			1,450,363
Operating Expenses:
	Cost of Sales (Excluding Depreciation and Amortization)			—			379,905			42,979			182,886			—			605,770
	Selling, General and Administrative			47			270,003			18,133			108,377			—			396,560
	Depreciation and Amortization			109			99,623			9,287			42,094			—			151,113
	Loss (Gain) on Disposal/Writedown of Property, Plant and Equipment, Net			—			(1,239	)		(55	)		138			—			(1,156	)
		Total Operating Expenses		156			748,292			70,344			333,495			—			1,152,287
Operating (Loss) Income				(156	)		230,576			41,158			26,498			—			298,076
Interest Expense (Income), Net				99,459			(23,261	)		22,365			6,970			—			105,533
Other Expense (Income), Net				(59,099	)		289			(8	)		71,726			—			12,908
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes				(40,516	)		253,548			18,801			(52,198	)		—			179,635
Provision (Benefit) for Income Taxes				—			89,088			6,206			2,188			—			97,482
Equity in the Losses (Earnings) of Subsidiaries, Net of Tax				(107,374	)		43,828			—			—			63,546			—
Income (Loss) from Continuing Operations				66,858			120,632			12,595			(54,386	)		(63,546	)		82,153
Income (Loss) from Discontinued Operations (see Note 10)				—			(14,021	)		—			(541	)		—			(14,562	)
Net (Loss) Income				66,858			106,611			12,595			(54,927	)		(63,546	)		67,591
		Less: Net Income (Loss) Attributable to Noncontrolling Interests		—			—			—			733			—			733
Net (Loss) Income Attributable to Iron Mountain Incorporated			$	66,858		$	106,611		$	12,595		$	(55,660	)	$	(63,546	)	$	66,858

			Six Months Ended June 30, 2011
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Revenues:
	Storage		$	—		$	560,245		$	61,370		$	216,036		$	—		$	837,651
	Service			—			419,600			58,446			197,484			—			675,530
		Total Revenues		—			979,845			119,816			413,520			—			1,513,181
Operating Expenses:
	Cost of Sales (Excluding Depreciation and Amortization)			—			380,158			47,002			203,705			—			630,865
	Selling, General and Administrative			163			290,132			20,628			128,773			—			439,696
	Depreciation and Amortization			76			97,377			9,802			53,602			—			160,857
	Loss (Gain) on Disposal/Writedown of Property, Plant and Equipment, Net			—			(594	)		(198	)		1,304			—			512
		Total Operating Expenses		239			767,073			77,234			387,384			—			1,231,930
Operating (Loss) Income				(239	)		212,772			42,582			26,136			—			281,251
Interest Expense (Income), Net				86,050			(43,051	)		22,088			32,911			—			97,998
Other Expense (Income), Net				38,436			4,868			286			(49,886	)		—			(6,296	)
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes				(124,725	)		250,955			20,208			43,111			—			189,549
Provision (Benefit) for Income Taxes				—			31,190			12,416			3,252			—			46,858
Equity in the Losses (Earnings) of Subsidiaries, Net of Tax				(450,869	)		(43,285	)		—			—			494,154			—
Income (Loss) from Continuing Operations				326,144			263,050			7,792			39,859			(494,154	)		142,691
Income (Loss) from Discontinued Operations (see Note 10)				—			(12,868	)		—			4,494			—			(8,374	)
Gain (Loss) on Sale of Discontinued Operations (see Note 10)				—			193,349			—			—			—			193,349
Net (Loss) Income				326,144			443,531			7,792			44,353			(494,154	)		327,666
		Less: Net Income (Loss) Attributable to Noncontrolling Interests		—			—			—			1,522			—			1,522
Net (Loss) Income Attributable to Iron Mountain Incorporated			$	326,144		$	443,531		$	7,792		$	42,831		$	(494,154	)	$	326,144

Selected consolidated cash flow statement of Parent, Guarantors, Canada Company and Non-Guarantors

			Six Months Ended June 30, 2010
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Cash Flows from Operating Activities:
		Cash Flows from Operating Activities—Continuing Operations	$	(78,404	)	$	252,024		$	26,375		$	70,342		$	—		$	270,337
		Cash Flows from Operating Activities—Discontinued Operations		—			(3,284	)		—			1,045			—			(2,239	)
		Cash Flows from Operating Activities		(78,404	)		248,740			26,375			71,387			—			268,098
Cash Flows from Investing Activities:
	Capital expenditures			—			(70,183	)		(8,194	)		(52,690	)		—			(131,067	)
	Cash paid for acquisitions, net of cash acquired			—			(1,970	)		—			(9,794	)		—			(11,764	)
	Intercompany loans to subsidiaries			179,167			5,597			—			—			(184,764	)		—
	Investment in subsidiaries			(8,419	)		(8,419	)		—			—			16,838			—
	Investment in restricted cash			(35,102	)		—			—			—			—			(35,102	)
	Additions to customer relationship and acquisition costs			—			(3,688	)		(453	)		(1,328	)		—			(5,469	)
	Proceeds from sales of property and equipment and other, net			—			5,023			12			5,926			—			10,961
		Cash Flows from Investing Activities—Continuing Operations		135,646			(73,640	)		(8,635	)		(57,886	)		(167,926	)		(172,441	)
		Cash Flows from Investing Activities—Discontinued Operations		—			(118,015	)		—			(112	)		—			(118,127	)
		Cash Flows from Investing Activities		135,646			(191,655	)		(8,635	)		(57,998	)		(167,926	)		(290,568	)
Cash Flows from Financing Activities:
	Repayment of revolving credit and term loan facilities and other debt			(2,050	)		(14,244	)		(1,257	)		(48,198	)		—			(65,749	)
	Proceeds from revolving credit and term loan facilities and other debt			—			—			—			39,257			—			39,257
	Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net			—			—			—			(65	)		—			(65	)
	Intercompany loans from parent			—			(178,133	)		(442	)		(6,189	)		184,764			—
	Equity contribution from parent			—			8,419			—			8,419			(16,838	)		—
	Stock repurchases			(50,564	)		—			—			—			—			(50,564	)
	Parent cash dividends			(12,720	)		—			—			—			—			(12,720	)
	Proceeds from exercise of stock options and employee stock purchase plan			9,174			—			—			—			—			9,174
	Excess tax benefits from stock-based compensation			1,284			—			—			—			—			1,284
		Cash Flows from Financing Activities—Continuing Operations		(54,876	)		(183,958	)		(1,699	)		(6,776	)		167,926			(79,383	)
		Cash Flows from Financing Activities—Discontinued Operations		—			—			—			196			—			196
		Cash Flows from Financing Activities		(54,876	)		(183,958	)		(1,699	)		(6,580	)		167,926			(79,187	)
Effect of exchange rates on cash and cash equivalents				—			—			(602	)		(3,918	)		—			(4,520	)
Increase (Decrease) in cash and cash equivalents				2,366			(126,873	)		15,439			2,891			—			(106,177	)
Cash and cash equivalents, beginning of period				—			382,588			3,906			60,162			—			446,656
Cash and cash equivalents, end of period			$	2,366		$	255,715		$	19,345		$	63,053		$	—		$	340,479

			Six Months Ended June 30, 2011
			Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Cash Flows from Operating Activities:
		Cash Flows from Operating Activities—Continuing Operations	$	(92,332	)	$	290,532		$	7,790		$	35,220		$	—		$	241,210
		Cash Flows from Operating Activities—Discontinued Operations		—			1,544			—			303			—			1,847
		Cash Flows from Operating Activities		(92,332	)		292,076			7,790			35,523			—			243,057
Cash Flows from Investing Activities:
	Capital expenditures			—			(57,961	)		(4,445	)		(36,990	)		—			(99,396	)
	Cash paid for acquisitions, net of cash acquired			—			(5,378	)		(58	)		(69,736	)		—			(75,172	)
	Intercompany loans to subsidiaries			973,565			(68,961	)		—			—			(904,604	)		—
	Investment in subsidiaries			(1,228	)		(1,228	)		—			—			2,456			—
	Investment in restricted cash			(3	)		—			—			—			—			(3	)
	Additions to customer relationship and acquisition costs			—			(8,515	)		(288	)		(2,274	)		—			(11,077	)
	Proceeds from sales of property and equipment and other, net			—			188			41			(657	)		—			(428	)
		Cash Flows from Investing Activities—Continuing Operations		972,334			(141,855	)		(4,750	)		(109,657	)		(902,148	)		(186,076	)
		Cash Flows from Investing Activities—Discontinued Operations		—			376,567			—			(4	)		—			376,563
		Cash Flows from Investing Activities		972,334			234,712			(4,750	)		(109,661	)		(902,148	)		190,487
Cash Flows from Financing Activities:
	Repayment of revolving credit and term loan facilities and other debt			(396,200	)		(1,141,952	)		(1,474	)		(54,079	)		—			(1,593,705	)
	Proceeds from revolving credit and term loan facilities and other debt			—			1,624,900			—			51,169			—			1,676,069
	Early retirement of senior subordinated notes			(231,255	)		—			—			—			—			(231,255	)
	Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net			—			—			—			480			—			480
	Intercompany loans from parent			—			(970,727	)		89			66,034			904,604			—
	Equity contribution from parent			—			1,228			—			1,228			(2,456	)		—
	Stock repurchases			(260,970	)		—			—			—			—			(260,970	)
	Parent cash dividends			(75,044	)		—			—			—			—			(75,044	)
	Proceeds from exercise of stock options and employee stock purchase plan			69,501			—			—			—			—			69,501
	Excess tax benefits from stock-based compensation			57			—			—			—			—			57
	Payment of debt finacing costs			—			(8,217	)		—			—			—			(8,217	)
		Cash Flows from Financing Activities—Continuing Operations		(893,911	)		(494,768	)		(1,385	)		64,832			902,148			(423,084	)
		Cash Flows from Financing Activities—Discontinued Operations		—			—			—			(411	)		—			(411	)
		Cash Flows from Financing Activities		(893,911	)		(494,768	)		(1,385	)		64,421			902,148			(423,495	)
Effect of exchange rates on cash and cash equivalents				—			—			1,414			1,268			—			2,682
Increase (Decrease) in cash and cash equivalents				(13,909	)		32,020			3,069			(8,449	)		—			12,731
Cash and cash equivalents, beginning of period				13,909			121,584			37,652			85,548			—			258,693
Cash and cash equivalents, end of period			$	—		$	153,604		$	40,721		$	77,099		$	—		$	271,424