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Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors (Tables)
 6 Months Ended
Jun. 30, 2014
Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors  
Schedule of selected consolidated Balance sheet statements of Parent, Guarantors, Canada Company and Non-Guarantors

 

CONSOLIDATED BALANCE SHEETS

 
   December 31, 2013  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Assets

                                      

Current Assets:

                                      

Cash and Cash Equivalents

   $ 1,243   $ 10,366   $ 1,094   $ 107,823   $ —   $ 120,526  

Restricted Cash

     33,860     —     —     —     —     33,860  

Accounts Receivable

     —     358,118     38,928     219,751     —     616,797  

Intercompany Receivable

     761,501     —     1,607     —     (763,108 )   —  

Other Current Assets

     1,120     98,717     5,995     56,622     (30 )   162,424  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Current Assets

     797,724     467,201     47,624     384,196     (763,138 )   933,607  

Property, Plant and Equipment, Net

     1,019     1,569,248     172,246     835,747     —     2,578,260  

Other Assets, Net:

                                      

Long-term Notes Receivable from Affiliates and Intercompany Receivable           

     1,775,570     1,000     2,672     —     (1,779,242 )   —  

Investment in Subsidiaries

     1,564,405     1,313,835     31,130     70,788     (2,980,158 )   —  

Goodwill

     —     1,638,534     187,259     637,559     —     2,463,352  

Other

     38,862     376,939     11,257     250,842     (114 )   677,786  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Assets, Net

     3,378,837     3,330,308     232,318     959,189     (4,759,514 )   3,141,138  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Assets

   $ 4,177,580   $ 5,366,757   $ 452,188   $ 2,179,132   $ (5,522,652 ) $ 6,653,005  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Liabilities and Equity

                                      

Intercompany Payable

   $ —   $ 581,029   $ —   $ 182,079   $ (763,108 ) $ —  

Current Portion of Long-term Debt

     —     30,236     —     22,377     (30 )   52,583  

Total Other Current Liabilities

     125,705     540,169     29,513     221,131     —     916,518  

Long-term Debt, Net of Current Portion

     3,009,597     508,382     289,105     312,055     —     4,119,139  

Long-term Notes Payable to Affiliates and Intercompany Payable

     1,000     1,772,144     —     6,098     (1,779,242 )   —  

Other Long-term Liabilities

     40     388,645     31,652     92,808     (114 )   513,031  

Commitments and Contingencies (See Note 8)

                                      

Total Iron Mountain Incorporated Stockholders' Equity           

     1,041,238     1,546,152     101,918     1,332,088     (2,980,158 )   1,041,238  

Noncontrolling Interests

     —     —     —     10,496     —     10,496  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Equity

     1,041,238     1,546,152     101,918     1,342,584     (2,980,158 )   1,051,734  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Liabilities and Equity

   $ 4,177,580   $ 5,366,757   $ 452,188   $ 2,179,132   $ (5,522,652 ) $ 6,653,005  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

CONSOLIDATED BALANCE SHEETS (Continued)

 
   June 30, 2014  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Assets

                                      

Current Assets:

                                      

Cash and Cash Equivalents

   $ —   $ 7,948   $ 5,578   $ 131,817   $ —   $ 145,343  

Restricted Cash

     33,860     —     —     —     —     33,860  

Accounts Receivable

     —     374,418     35,244     227,316     —     636,978  

Intercompany Receivable

     332,301     —     —     —     (332,301 )   —  

Other Current Assets

     411     82,361     5,584     58,365     (34 )   146,687  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Current Assets

     366,572     464,727     46,406     417,498     (332,335 )   962,868  

Property, Plant and Equipment, Net

     929     1,571,494     168,090     866,390     —     2,606,903  

Other Assets, Net:

                                      

Long-term Notes Receivable from Affiliates and Intercompany Receivable

     2,114,591     351     2,661     —     (2,117,603 )   —  

Investment in Subsidiaries

     1,650,670     1,389,836     31,721     84,940     (3,157,167 )   —  

Goodwill

     —     1,602,470     186,681     684,185     —     2,473,336  

Other

     36,843     380,289     10,848     264,037     —     692,017  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Assets, Net

     3,802,104     3,372,946     231,911     1,033,162     (5,274,770 )   3,165,353  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Assets

   $ 4,169,605   $ 5,409,167   $ 446,407   $ 2,317,050   $ (5,607,105 ) $ 6,735,124  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Liabilities and Equity

                                      

Intercompany Payable

   $ —   $ 165,125   $ 553   $ 166,623   $ (332,301 ) $ —  

Current Portion of Long-term Debt

     —     28,934     —     27,704     (34 )   56,604  

Total Other Current Liabilities

     121,696     471,353     32,677     219,378     —     845,104  

Long-term Debt, Net of Current Portion

     2,758,774     892,991     263,871     382,306     —     4,297,942  

Long-term Notes Payable to Affiliates and Intercompany Payable

     1,000     2,114,537     —     2,066     (2,117,603 )   —  

Other Long-term Liabilities

     —     107,974     32,645     97,705     —     238,324  

Commitments and Contingencies (See Note 8)

                                      

Total Iron Mountain Incorporated Stockholders' Equity           

     1,288,135     1,628,253     116,661     1,412,253     (3,157,167 )   1,288,135  

Noncontrolling Interests

     —     —     —     9,015     —     9,015  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Equity

     1,288,135     1,628,253     116,661     1,421,268     (3,157,167 )   1,297,150  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Liabilities and Equity

   $ 4,169,605   $ 5,409,167   $ 446,407   $ 2,317,050   $ (5,607,105 ) $ 6,735,124  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of selected consolidated Income statements of Parent, Guarantors, Canada Company and Non-Guarantors

CONSOLIDATED STATEMENTS OF OPERATIONS

 
   Three Months Ended June 30, 2013  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Revenues:

                                      

Storage Rental

   $ —   $ 292,072   $ 32,576   $ 116,923   $ —   $ 441,571  

Service

     —     192,754     —     120,071     —     312,825  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Revenues

     —     484,826     32,576     236,994     —     754,396  

Operating Expenses:

                                      

Cost of Sales (Excluding Depreciation and Amortization)

     —     193,678     6,848     120,530     —     321,056  

Selling, General and Administrative

     36     161,048     4,354     59,093     —     224,531  

Depreciation and Amortization

     81     47,809     3,116     27,922     —     78,928  

Loss (Gain) on Disposal/Write-down of Property, Plant and Equipment, Net

     —     147     21     (1,831 )   —     (1,663 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Operating Expenses

     117     402,682     14,339     205,714     —     622,852  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (Loss) Income

     (117 )   82,144     18,237     31,280     —     131,544  

Interest Expense (Income), Net

     51,546     (5,949 )   11,211     6,181     —     62,989  

Other Expense (Income), Net

     3,823     (101 )   (46 )   11,599     —     15,275  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

     (55,486 )   88,194     7,072     13,500     —     53,280  

Provision (Benefit) for Income Taxes

     —     17,959     2,395     5,586     —     25,940  

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

     (81,852 )   (10,588 )   (2,414 )   (4,677 )   99,531     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (Loss) from Continuing Operations

     26,366     80,823     7,091     12,591     (99,531 )   27,340  

Income (Loss) from Discontinued Operations, Net of Tax

     —     24     —     (122 )   —     (98 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss)

     26,366     80,847     7,091     12,469     (99,531 )   27,242  

Less: Net Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     876     —     876  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss) Attributable to Iron Mountain Incorporated

   $ 26,366   $ 80,847   $ 7,091   $ 11,593   $ (99,531 ) $ 26,366  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Net Income (Loss)

   $ 26,366   $ 80,847   $ 7,091   $ 12,469   $ (99,531 ) $ 27,242  

Other Comprehensive Income (Loss):

                                      

Foreign Currency Translation Adjustments

     (1,237 )   115     (11,047 )   (15,718 )   —     (27,887 )

Equity in Other Comprehensive (Loss) Income of Subsidiaries

     (25,812 )   (25,739 )   —     (11,047 )   62,598     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Comprehensive (Loss) Income

     (27,049 )   (25,624 )   (11,047 )   (26,765 )   62,598     (27,887 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive (Loss) Income

     (683 )   55,223     (3,956 )   (14,296 )   (36,933 )   (645 )

Comprehensive Income (Loss) Attributable to Noncontrolling

     —     —     —     38     —     38  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive (Loss) Income Attributable to Iron Mountain Incorporated

   $ (683 ) $ 55,223   $ (3,956 ) $ (14,334 ) $ (36,933 ) $ (683 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

CONSOLIDATED STATEMENTS OF OPERATIONS (Continued)

 
   Three Months Ended June 30, 2014  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Revenues:

                                      

Storage Rental

   $ —   $ 301,683   $ 31,295   $ 133,911   $ —   $ 466,889  

Service

     —     190,613     17,591     111,799     —     320,003  

Intercompany Service

     —     —     —     15,194     (15,194 )   —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Revenues

     —     492,296     48,886     260,904     (15,194 )   786,892  

Operating Expenses:

                                      

Cost of Sales (Excluding Depreciation and Amortization)

     —     196,328     6,322     134,311     —     336,961  

Intercompany Service Cost of Sales

     —     —     15,194     —     (15,194 )   —  

Selling, General and Administrative

     36     142,698     3,090     67,983     —     213,807  

Depreciation and Amortization

     56     52,322     2,979     33,584     —     88,941  

(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net

     —     (97 )   —     (10 )   —     (107 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Operating Expenses

     92     391,251     27,585     235,868     (15,194 )   639,602  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (Loss) Income

     (92 )   101,045     21,301     25,036     —     147,290  

Interest Expense (Income), Net

     46,674     (3,004 )   7,836     10,695     —     62,201  

Other (Income) Expense, Net

     8,105     6,214     —     (19,157 )   —     (4,838 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

     (54,871 )   97,835     13,465     33,498     —     89,927  

Provision (Benefit) for Income Taxes

     —     (193,131 )   3,572     6,784     —     (182,775 )

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

     (326,508 )   (35,234 )   1,313     (9,893 )   370,322     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (Loss) from Continuing Operations

     271,637     326,200     8,580     36,607     (370,322 )   272,702  

(Loss) Income from Discontinued Operations, Net of Tax

     —     (335 )   —     9     —     (326 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss)

     271,637     325,865     8,580     36,616     (370,322 )   272,376  

Less: Net Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     739     —     739  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss) Attributable to Iron Mountain Incorporated

   $ 271,637   $ 325,865   $ 8,580   $ 35,877   $ (370,322 ) $ 271,637  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Net Income (Loss)

   $ 271,637   $ 325,865   $ 8,580   $ 36,616   $ (370,322 ) $ 272,376  

Other Comprehensive Income (Loss):

                                      

Foreign Currency Translation Adjustments

     663     (657 )   2,181     2,339     —     4,526  

Market Value Adjustments for Securities, Net of Tax             

     —     548     —     —     —     548  

Equity in Other Comprehensive Income (Loss) of Subsidiaries

     3,985     4,116     1,663     2,181     (11,945 )   —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Comprehensive Income (Loss)

     4,648     4,007     3,844     4,520     (11,945 )   5,074  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss)

     276,285     329,872     12,424     41,136     (382,267 )   277,450  

Comprehensive Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     1,165     —     1,165  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated

   $ 276,285   $ 329,872   $ 12,424   $ 39,971   $ (382,267 ) $ 276,285  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

CONSOLIDATED STATEMENTS OF OPERATIONS (Continued)

 
   Six Months Ended June 30, 2013  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Revenues:

                                      

Storage Rental

   $ —   $ 584,447   $ 65,799   $ 233,794   $ —   $ 884,040  

Service

     —     378,704     —     238,358     —     617,062  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Revenues

     —     963,151     65,799     472,152     —     1,501,102  

Operating Expenses:

                                      

Cost of Sales (Excluding Depreciation and Amortization)

     —     386,291     14,138     241,703     —     642,132  

Selling, General and Administrative

     63     318,855     8,945     120,119     —     447,982  

Depreciation and Amortization

     162     95,682     6,339     56,946     —     159,129  

(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net

     —     (488 )   21     (1,735 )   —     (2,202 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Operating Expenses

     225     800,340     29,443     417,033     —     1,247,041  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (Loss) Income

     (225 )   162,811     36,356     55,119     —     254,061  

Interest Expense (Income), Net

     103,360     (12,122 )   20,956     13,977     —     126,171  

Other (Income) Expense, Net

     (29,204 )   (1,252 )   (46 )   48,516     —     18,014  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

     (74,381 )   176,185     15,446     (7,374 )   —     109,876  

Provision (Benefit) for Income Taxes

     —     51,737     5,135     7,512     —     64,384  

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

     (119,935 )   6,670     (3,603 )   (10,311 )   127,179     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (Loss) from Continuing Operations

     45,554     117,778     13,914     (4,575 )   (127,179 )   45,492  

Income (Loss) from Discontinued Operations, Net of Tax

     —     105     —     1,981     —     2,086  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss)

     45,554     117,883     13,914     (2,594 )   (127,179 )   47,578  

Less: Net Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     2,024     —     2,024  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss) Attributable to Iron Mountain Incorporated

   $ 45,554   $ 117,883   $ 13,914   $ (4,618 ) $ (127,179 ) $ 45,554  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Net Income (Loss)

   $ 45,554   $ 117,883   $ 13,914   $ (2,594 ) $ (127,179 ) $ 47,578  

Other Comprehensive Income (Loss):

                                      

Foreign Currency Translation Adjustments

     1,277     965     (18,491 )   (26,585 )   —     (42,834 )

Equity in Other Comprehensive (Loss) Income of Subsidiaries

     (43,288 )   (44,075 )   —     (18,491 )   105,854     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Comprehensive (Loss) Income

     (42,011 )   (43,110 )   (18,491 )   (45,076 )   105,854     (42,834 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss)

     3,543     74,773     (4,577 )   (47,670 )   (21,325 )   4,744  

Comprehensive Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     1,201     —     1,201  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated

   $ 3,543   $ 74,773   $ (4,577 ) $ (48,871 ) $ (21,325 ) $ 3,543  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

CONSOLIDATED STATEMENTS OF OPERATIONS (Continued)

 
   Six Months Ended June 30, 2014  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Revenues:

                                      

Storage Rental

   $ —   $ 602,012   $ 61,706   $ 262,060   $ —   $ 925,778  

Service

     —     377,043     33,741     220,456     —     631,240  

Intercompany Service

     —     —     —     32,552     (32,552 )   —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Revenues

     —     979,055     95,447     515,068     (32,552 )   1,557,018  

Operating Expenses:

                                      

Cost of Sales (Excluding Depreciation and Amortization)

     —     399,248     12,564     260,294     —     672,106  

Intercompany Service Cost of Sales

     —     —     32,552     —     (32,552 )   —  

Selling, General and Administrative

     64     289,276     6,843     132,404     —     428,587  

Depreciation and Amortization

     133     104,962     5,978     64,301     —     175,374  

(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net

     —     635     1     (9,050 )   —     (8,414 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Operating Expenses

     197     794,121     57,938     447,949     (32,552 )   1,267,653  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating (Loss) Income

     (197 )   184,934     37,509     67,119     —     289,365  

Interest Expense (Income), Net

     94,839     (7,856 )   17,383     20,147     —     124,513  

Other (Income) Expense, Net

     6,825     7,721     (20 )   (14,047 )   —     479  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes

     (101,861 )   185,069     20,146     61,019     —     164,373  

Provision (Benefit) for Income Taxes

     —     (169,328 )   6,110     12,168     —     (151,050 )

Equity in the (Earnings) Losses of Subsidiaries, Net of Tax

     (415,165 )   (60,060 )   (641 )   (14,036 )   489,902     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (Loss) from Continuing Operations

     313,304     414,457     14,677     62,887     (489,902 )   315,423  

(Loss) Income from Discontinued Operations, Net of Tax

     —     (960 )   —     22     —     (938 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss)

     313,304     413,497     14,677     62,909     (489,902 )   314,485  

Less: Net Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     1,181     —     1,181  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net Income (Loss) Attributable to Iron Mountain Incorporated

   $ 313,304   $ 413,497   $ 14,677   $ 61,728   $ (489,902 ) $ 313,304  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

Net Income (Loss)

   $ 313,304   $ 413,497   $ 14,677   $ 62,909   $ (489,902 ) $ 314,485  

Other Comprehensive Income (Loss):

                                      

Foreign Currency Translation Adjustments

     751     84     (437 )   5,916     —     6,314  

Market Value Adjustments for Securities, Net of Tax             

     —     548     —     —     —     548  

Equity in Other Comprehensive Income (Loss) of Subsidiaries

     5,574     4,045     503     (437 )   (9,685 )   —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Other Comprehensive Income (Loss)

     6,325     4,677     66     5,479     (9,685 )   6,862  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss)

     319,629     418,174     14,743     68,388     (499,587 )   321,347  

Comprehensive Income (Loss) Attributable to Noncontrolling Interests

     —     —     —     1,718     —     1,718  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated

   $ 319,629   $ 418,174   $ 14,743   $ 66,670   $ (499,587 ) $ 319,629  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           
Schedule of selected consolidated cash flow statements of Parent, Guarantors, Canada Company and Non-Guarantors

CONSOLIDATED STATEMENTS OF CASH FLOWS

 
   Six Months Ended June 30, 2013  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Cash Flows from Operating Activities:

                                      

Cash Flows from Operating Activities—Continuing Operations

   $ (90,898 ) $ 227,437   $ 13,395   $ 63,014   $ —   $ 212,948  

Cash Flows from Operating Activities—Discontinued Operations

     —     (129 )   —     1,082     —     953  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Operating Activities

     (90,898 )   227,308     13,395     64,096     —     213,901  

Cash Flows from Investing Activities:

                                      

Capital expenditures

     —     (104,352 )   (1,811 )   (52,077 )   —     (158,240 )

Cash paid for acquisitions, net of cash acquired

     —     (23,338 )   —     (29,454 )   —     (52,792 )

Intercompany loans to subsidiaries

     193,217     (11,865 )   —     —     (181,352 )   —  

Investment in subsidiaries

     (16,300 )   (16,300 )   —     —     32,600     —  

Investment in restricted cash

     (1 )   —     —     —     —     (1 )

Additions to customer relationship and acquisition costs

     —     (5,885 )   (290 )   (2,086 )   —     (8,261 )

Proceeds from sales of property and equipment and other, net

     —     12     (3,191 )   6,078     —     2,899  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Investing Activities—Continuing Operations

     176,916     (161,728 )   (5,292 )   (77,539 )   (148,752 )   (216,395 )

Cash Flows from Investing Activities—Discontinued Operations

     —     (18 )   —     —     —     (18 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Investing Activities

     176,916     (161,746 )   (5,292 )   (77,539 )   (148,752 )   (216,413 )

Cash Flows from Financing Activities:

                                      

Repayment of revolving credit and term loan facilities and other debt

     —     (975,507 )   (29 )   (11,630 )   —     (987,166 )

Proceeds from revolving credit and term loan facilities and other debt

     —     1,076,791     —     23,148     —     1,099,939  

Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net

     —     —     —     874     —     874  

Intercompany loans from parent

     —     (191,997 )   1,921     8,724     181,352     —  

Equity contribution from parent

     —     16,300     —     16,300     (32,600 )   —  

Parent cash dividends

     (103,309 )   —     —     —     —     (103,309 )

Proceeds from exercise of stock options and employee stock purchase plan

     14,897     —     —     —     —     14,897  

Excess tax benefits from stock-based compensation

     2,394     —     —     —     —     2,394  

Payment of debt financing costs

     —     (469 )   —     (242 )   —     (711 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Financing Activities—Continuing Operations

     (86,018 )   (74,882 )   1,892     37,174     148,752     26,918  

Cash Flows from Financing Activities—Discontinued Operations

     —     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Financing Activities

     (86,018 )   (74,882 )   1,892     37,174     148,752     26,918  

Effect of exchange rates on cash and cash equivalents

     —     —     (5,754 )   (3,201 )   —     (8,955 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Decrease) Increase in cash and cash equivalents

     —     (9,320 )   4,241     20,530     —     15,451  

Cash and cash equivalents, beginning of period

     —     13,472     103,346     126,597     —     243,415  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents, end of period

   $ —   $ 4,152   $ 107,587   $ 147,127   $ —   $ 258,866  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                           

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

 
   Six Months Ended June 30, 2014  
 
   Parent   Guarantors   Canada
Company		   Non-
Guarantors		   Eliminations   Consolidated  

Cash Flows from Operating Activities:

                                      

Cash Flows from Operating Activities—Continuing Operations

   $ (102,687 ) $ 193,625   $ 30,500   $ 74,163   $ —   $ 195,601  

Cash Flows from Operating Activities—Discontinued Operations

     —     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Operating Activities

     (102,687 )   193,625     30,500     74,163     —     195,601  

Cash Flows from Investing Activities:

                                      

Capital expenditures

     —     (117,875 )   (3,714 )   (67,156 )   —     (188,745 )

Cash paid for acquisitions, net of cash acquired

     —     683     —     (47,049 )   —     (46,366 )

Intercompany loans to subsidiaries

     454,027     22,778     —     —     (476,805 )   —  

Investment in subsidiaries

     (18,199 )   (18,199 )   —     —     36,398     —  

Additions to customer relationship and acquisition costs

     —     (14,278 )   (425 )   (2,507 )   —     (17,210 )

Proceeds from sales of property and equipment and other, net

     —     1,535     64     16,009     —     17,608  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Investing Activities—Continuing Operations

     435,828     (125,356 )   (4,075 )   (100,703 )   (440,407 )   (234,713 )

Cash Flows from Investing Activities—Discontinued Operations

     —     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Investing Activities

     435,828     (125,356 )   (4,075 )   (100,703 )   (440,407 )   (234,713 )

Cash Flows from Financing Activities:

                                      

Repayment of revolving credit and term loan facilities and other debt

     —     (4,719,695 )   (490,931 )   (97,220 )   —     (5,307,846 )

Proceeds from revolving credit and term loan facilities and other debt

     —     5,084,042     466,677     153,850     —     5,704,569  

Early retirement of senior subordinated notes

     (247,275 )   —     —     —     —     (247,275 )

Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net

     —     —     —     (2,083 )   —     (2,083 )

Intercompany loans from parent

     —     (453,675 )   2,135     (25,265 )   476,805     —  

Equity contribution from parent

     —     18,199     —     18,199     (36,398 )   —  

Parent cash dividends

     (104,861 )   —     —     —     —     (104,861 )

Proceeds from exercise of stock options and employee stock purchase plan

     17,818     —     —     —     —     17,818  

Excess tax benefits (deficiency) from stock-based compensation

     (66 )   —     —     —     —     (66 )

Payment of debt financing costs

     —     —     (12 )   (417 )   —     (429 )
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Financing Activities—Continuing Operations

     (334,384 )   (71,129 )   (22,131 )   47,064     440,407     59,827  

Cash Flows from Financing Activities—Discontinued Operations

     —     —     —     —     —     —  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash Flows from Financing Activities

     (334,384 )   (71,129 )   (22,131 )   47,064     440,407     59,827  

Effect of exchange rates on cash and cash equivalents

     —     442     190     3,470     —     4,102  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(Decrease) Increase in cash and cash equivalents

     (1,243 )   (2,418 )   4,484     23,994     —     24,817  

Cash and cash equivalents, beginning of period

     1,243     10,366     1,094     107,823     —     120,526  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash and cash equivalents, end of period

   $ —   $ 7,948   $ 5,578   $ 131,817   $ —   $ 145,343  
                           
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​