2014 Q1 Form 10-Q Financial Statement

#000104746914004497 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $770.1M $747.0M
YoY Change 3.09% 0.07%
Cost Of Revenue $335.1M $321.1M
YoY Change 4.36% 1.84%
Gross Profit $435.0M $425.6M
YoY Change 2.21% -1.3%
Gross Profit Margin 56.48% 56.97%
Selling, General & Admin $214.8M $223.5M
YoY Change -3.88% 6.07%
% of Gross Profit 49.37% 52.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $86.43M $80.20M
YoY Change 7.77% 2.81%
% of Gross Profit 19.87% 18.84%
Operating Expenses $214.8M $223.5M
YoY Change -3.88% 6.07%
Operating Profit $132.6M $122.8M
YoY Change 7.96% -13.38%
Interest Expense $62.31M $63.18M
YoY Change -1.38% 7.48%
% of Operating Profit 46.99% 51.43%
Other Income/Expense, Net -$5.317M -$2.739M
YoY Change 94.12% -182.9%
Pretax Income $74.45M $56.92M
YoY Change 30.79% -34.07%
Income Tax $29.73M $38.57M
% Of Pretax Income 39.94% 67.76%
Net Earnings $42.11M $20.53M
YoY Change 105.07% -63.32%
Net Earnings / Revenue 5.47% 2.75%
Basic Earnings Per Share $0.22 $0.10
Diluted Earnings Per Share $0.22 $0.10
COMMON SHARES
Basic Shares Outstanding 191.9M shares 190.2M shares
Diluted Shares Outstanding 193.1M shares 192.1M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.0M $230.0M
YoY Change -26.09% 29.21%
Cash & Equivalents $169.9M $230.0M
Short-Term Investments
Other Short-Term Assets $157.7M $166.1M
YoY Change -5.04% -15.24%
Inventory
Prepaid Expenses
Receivables $626.1M $571.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $987.6M $1.001B
YoY Change -1.35% 7.42%
LONG-TERM ASSETS
Property, Plant & Equipment $2.562B $2.478B
YoY Change 3.38% 3.13%
Goodwill $2.466B $2.309B
YoY Change 6.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.65M $21.44M
YoY Change 29.0% 26.09%
Total Long-Term Assets $5.719B $5.297B
YoY Change 7.97% 2.76%
TOTAL ASSETS
Total Short-Term Assets $987.6M $1.001B
Total Long-Term Assets $5.719B $5.297B
Total Assets $6.707B $6.298B
YoY Change 6.49% 3.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $167.6M $168.6M
YoY Change -0.57% 21.29%
Accrued Expenses $417.7M $369.4M
YoY Change 13.07% 1.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $55.00M $92.00M
YoY Change -40.22% 46.03%
Total Short-Term Liabilities $867.9M $844.6M
YoY Change 2.76% 8.56%
LONG-TERM LIABILITIES
Long-Term Debt $4.289B $3.758B
YoY Change 14.13% 10.86%
Other Long-Term Liabilities $69.94M $66.40M
YoY Change 5.34% -57.16%
Total Long-Term Liabilities $69.94M $66.40M
YoY Change 5.34% -98.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $867.9M $844.6M
Total Long-Term Liabilities $69.94M $66.40M
Total Liabilities $937.8M $911.0M
YoY Change 2.94% -81.13%
SHAREHOLDERS EQUITY
Retained Earnings $63.30M $152.5M
YoY Change -58.49%
Common Stock $986.5M $956.7M
YoY Change 3.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.043B $1.115B
YoY Change
Total Liabilities & Shareholders Equity $6.707B $6.298B
YoY Change 6.49% 3.47%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $42.11M $20.53M
YoY Change 105.07% -63.32%
Depreciation, Depletion And Amortization $86.43M $80.20M
YoY Change 7.77% 2.81%
Cash From Operating Activities $55.64M $106.6M
YoY Change -47.81% 42.36%
INVESTING ACTIVITIES
Capital Expenditures $107.9M $95.42M
YoY Change 13.04% 70.65%
Acquisitions $30.78M -$74.00K
YoY Change -41695.95% -100.84%
Other Investing Activities -$12.90M $100.0K
YoY Change -13000.0% -101.23%
Cash From Investing Activities -$128.9M -$100.5M
YoY Change 28.25% 49.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $120.8M -$14.09M
YoY Change -957.74% -0.06%
NET CHANGE
Cash From Operating Activities $55.64M $106.6M
Cash From Investing Activities -$128.9M -$100.5M
Cash From Financing Activities $120.8M -$14.09M
Net Change In Cash $47.58M -$7.991M
YoY Change -695.38% 27.98%
FREE CASH FLOW
Cash From Operating Activities $55.64M $106.6M
Capital Expenditures $107.9M $95.42M
Free Cash Flow -$52.22M $11.19M
YoY Change -566.75% -41.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2014Q1 irm Fair Value And Other Adjustments
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CY2013Q1 us-gaap Allocated Share Based Compensation Expense
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CY2013Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2014Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2013Q1 irm Allocated Share Based Compensation Expense Earnings Per Share Basic And Diluted
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CY2014Q1 irm Allocated Share Based Compensation Expense Earnings Per Share Basic And Diluted
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CY2014Q1 irm Period To Charge Off Uncollectible Balances Of Receivable As Circumstances Warrant
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CY2014Q1 irm Income Tax Period For Amount Expected To Be Included In Determination Of Taxable Income
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CY2014Q1 irm Concentration Risk Number Of Global Banks
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CY2013Q4 irm Concentration Risk Number Of Triple A Rated Money Market Funds
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CY2013Q4 irm Concentration Risk Number Of Global Banks
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CY2014Q1 irm Concentration Risk Number Of Triple A Rated Money Market Funds
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CY2014Q1 irm Concentration Of Risk Maximum Investment Limit Per Mutual Fund
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CY2014Q1 irm Concentration Of Risk Maximum Investment Limit Per Financial Institution
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CY2013Q4 irm Concentration Risk Cash And Cash Equivalent And Restricted Cash
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CY2013Q4 irm Number Of Derivative Instruments With Contingent Features Of Credit Risk
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CY2014Q1 irm Number Of Derivative Instruments With Contingent Features Of Credit Risk
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CY2013Q1 us-gaap Profit Loss
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CY2014Q1 irm Share Repurchase Percent Outstanding Stock Authorized
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CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2013Q4 us-gaap Dividends Common Stock
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CY2014Q1 dei Entity Registrant Name
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IRON MOUNTAIN INC
CY2014Q1 dei Entity Central Index Key
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CY2014Q1 dei Document Type
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CY2014Q1 dei Document Period End Date
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CY2014Q1 dei Amendment Flag
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CY2013Q4 irm Customer Relationships And Acquisition Costs
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1914000 USD
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CY2013Q4 us-gaap Preferred Stock Value
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PreferredStockParOrStatedValuePerShare
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CY2013Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
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PreferredStockSharesIssued
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CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CommonStockSharesIssued
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CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
191426920 shares
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CommonStockSharesOutstanding
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CY2013Q1 us-gaap Investment Income Interest
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225000 USD
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1526000 USD
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539000 USD
CY2013Q1 irm Foreign Currency Transaction Gain Loss Unrealized And Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
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-11185000 USD
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20146000 USD
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26442000 USD
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1910000 USD
CY2014Q1 us-gaap Amortization Of Financing Costs And Discounts
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53823000 USD
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CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1128077000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2013Q1 us-gaap Dividends Common Stock
DividendsCommonStock
52448000 USD
CY2013Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
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464000 USD
CY2013Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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582000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2014Q1 us-gaap Dividends Common Stock
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196000 USD
CY2014Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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-185000 USD
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CY2014Q1 irm Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs
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0.011 pure
CY2013Q1 irm Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs
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0.013 pure
CY2014Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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51954000 USD
CY2013Q1 us-gaap Assets
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0.2700
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0.2700
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7610000 USD
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-31441000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable
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CY2014Q1 us-gaap Increase Decrease In Accounts Payable
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1912000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Capital Net
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CY2014Q1 us-gaap Adjustment For Amortization
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ShareBasedCompensation
7141000 USD
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-22317000 USD
CY2014Q1 irm Foreign Currency Transaction Gain Loss Unrealized And Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
ForeignCurrencyTransactionGainLossUnrealizedAndAdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
-693000 USD
CY2014Q1 us-gaap Early Repayment Of Subordinated Debt
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CY2014Q1 us-gaap Interest Paid
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IncomeTaxesPaid
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CY2014Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
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CY2014Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36110000 USD
CY2014Q1 us-gaap Minority Interest Decrease From Redemptions
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2895000 USD
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131772000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
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CY2014Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2080397000 USD
CY2014Q1 irm Customer Relationships And Acquisition Costs
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CY2014Q1 us-gaap Accrued Liabilities Current
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CY2014Q1 us-gaap Deferred Rent Credit Noncurrent
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CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
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319128000 USD
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
1919000 USD
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
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984585000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
63297000 USD
CY2014Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 item
CY2014Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
54698000 USD
CY2014Q1 irm Cash Received Related To Goodwill To Acquire Prior Year Acquisitions
CashReceivedRelatedToGoodwillToAcquirePriorYearAcquisitions
916000 USD

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