XML 103 R60.htm IDEA: XBRL DOCUMENT v3.22.2

Segment Information (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Analysis of Business Segment Information and Reconciliation

An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2022 and 2021, as restated for the changes described above, is as follows:

			THREE MONTHS ENDED MARCH 31,
			2022						2021
Global RIM Business
Total Revenues			$	1,048,891					$	976,918
Adjusted EBITDA			448,795						403,433
Global Data Center Business
Total Revenues			$	96,987					$	71,108
Adjusted EBITDA			41,977						30,432
Corporate and Other Business
Total Revenues			$	102,168					$	34,014
Adjusted EBITDA			(59,778)						(53,300)
Total Consolidated
Total Revenues			$	1,248,046					$	1,082,040
Adjusted EBITDA			430,994						380,565

(1)Excludes all intercompany receivables or payables and investment in subsidiary balances.

An analysis of our business segment information and reconciliation to the accompanying Consolidated Financial Statements is as follows:

			GLOBAL RIM BUSINESS						GLOBAL DATA CENTER BUSINESS												CORPORATE  AND OTHER BUSINESS						TOTAL CONSOLIDATED
As of and for the Year Ended December 31, 2021
Total Revenues			$	3,994,988					$	326,898											$	169,645					$	4,491,531
Storage Rental			2,517,208						289,592												63,319						2,870,119
Service			1,477,780						37,306												106,326						1,621,412
Depreciation and Amortization			477,713						148,023												54,686						680,422
Depreciation			320,451						93,679												50,942						465,072
Amortization			157,262						54,344												3,744						215,350
Adjusted EBITDA			1,709,525						137,349												(212,175)						1,634,699
Total Assets(1)			11,101,557						2,911,823												436,651						14,450,031
Expenditures for Segment Assets			369,749						422,274												94,875						886,898
Capital Expenditures			213,395						320,768												76,919						611,082
Cash Paid for Acquisitions, Net of Cash Acquired			97,044						88,998												17,956						203,998
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs			59,310						12,508												—						71,818
As of and for the Year Ended December 31, 2020
Total Revenues			$	3,748,604					$	279,312											$	119,354					$	4,147,270
Storage Rental			2,416,147						263,695												74,249						2,754,091
Service			1,332,457						15,617												45,105						1,393,179
Depreciation and Amortization			464,745						134,844												52,480						652,069
Depreciation			316,575						83,106												47,881						447,562
Amortization			148,170						51,738												4,599						204,507
Adjusted EBITDA			1,565,941						126,576												(216,796)						1,475,721
Total Assets(1)			11,015,684						2,727,654												405,929						14,149,267
Expenditures for Segment Assets			352,745						249,459												29,650						631,854
Capital Expenditures			164,914						243,699												29,650						438,263
Cash Paid for Acquisitions, Net of Cash Acquired			118,581						—												—						118,581
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs			69,250						5,760												—						75,010
As of and for the Year Ended December 31, 2019
Total Revenues			$	3,858,742					$	257,151											$	146,691					$	4,262,584
Storage Rental			2,360,794						246,925												73,368						2,681,087
Service			1,497,948						10,226												73,323						1,581,497
Depreciation and Amortization			462,607						133,927												61,667						658,201
Depreciation			335,602						78,939												41,782						456,323
Amortization			127,005						54,988												19,885						201,878
Adjusted EBITDA			1,557,223						121,517												(209,731)						1,469,009
Total Assets(1)			10,836,995						2,535,848												443,973						13,816,816
Expenditures for Segment Assets			403,943						427,935												50,989						882,867
Capital Expenditures			253,485						392,029												47,469						692,983
Cash Paid for Acquisitions, Net of Cash Acquired			54,717						—												3,520						58,237
Acquisitions of Customer Relationships, Customer Inducements, Contract Fulfillment Costs and third-party commissions			95,741						35,906												—						131,647

(1)Excludes all intercompany receivables or payables and investment in subsidiary balances.

Schedule of Reconciliation of Adjusted EBITDA to Income (Loss) From Continuing Operations on a Consolidated Basis

A reconciliation of Income (Loss) from Continuing Operations to Adjusted EBITDA on a consolidated basis for the years ended December 31, 2021, 2020 and 2019 is as follows:

			YEAR ENDED DECEMBER 31,
			2021						2020						2019
Income (Loss) from Continuing Operations			$	452,725					$	343,096					$	268,211
Add/(Deduct):
Interest expense, net			417,961						418,535						419,298
Provision (benefit) for income taxes			176,290						29,609						59,931
Depreciation and amortization			680,422						652,069						658,201
Acquisition and Integration Costs			12,764						—						13,293
Restructuring Charges			206,426						194,396						48,597
Intangible impairments			—						23,000						—
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)			(172,041)						(363,537)						(63,824)
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures(1)			(205,746)						133,611						25,720
Stock-based compensation expense			61,001						34,272						36,194
COVID-19 Costs(2)			—						9,285						—
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures			4,897						1,385						3,388
Adjusted EBITDA			$	1,634,699					$	1,475,721					$	1,469,009

(1)Includes foreign currency transaction (gains) losses, net, debt extinguishment expense and other, net.

(2)Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends (“COVID-19 Costs”). For the year ended December 31, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within Cost of sales and Selling, general and administrative expenses, respectively, on our Consolidated Statement of Operations. These costs include the purchase of personal protective equipment for our employees and incremental cleaning costs of our facilities, among other direct costs.

Schedule of Operations in Different Geographical Areas

Information as to our operations in different geographical areas for the years ended December 31, 2021, 2020 and 2019 is as follows:

			YEAR ENDED DECEMBER 31,
			2021						2020						2019
Revenues:
United States			$	2,713,147					$	2,577,084					$	2,632,586
United Kingdom			294,675						247,667						274,931
Canada			252,385						224,860						243,033
Australia			148,431						133,815						143,511
Remaining Countries			1,082,893						963,844						968,523
Long-lived Assets:
United States			$	7,867,841					$	7,818,059					$	7,862,262
United Kingdom			914,732						838,491						755,859
Canada			562,911						556,120						556,591
Australia			528,703						575,862						530,755
Remaining Countries			3,134,577						3,090,948						2,875,010

Schedule of Revenues By Product and Service Lines

Information as to our revenues by product and service lines by segment for the three months ended March 31, 2022 and 2021, as restated for the changes described above, are as follows:

						THREE MONTHS ENDED MARCH 31,
						2022						2021
Global RIM Business
Records Management(1)						$	802,553					$	752,123
Data Management(1)						133,656						134,865
Information Destruction(1)(2)						112,682						89,930
Data Center(1)						—						—
Global Data Center Business
Records Management(1)						$	—					$	—
Data Management(1)						—						—
Information Destruction(1)(2)						—						—
Data Center(1)						96,987						71,108
Corporate and Other Business
Records Management(1)						$	31,898					$	27,187
Data Management(1)						—						—
Information Destruction(1)(2)(3)						70,270						6,827
Data Center(1)						—						—
Total Consolidated
Records Management(1)						$	834,451					$	779,310
Data Management(1)						133,656						134,865
Information Destruction(1)(2)(3)						182,952						96,757
Data Center(1)						96,987						71,108

(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service revenues, except for information destruction, which does not have a storage rental component.

(2)Includes secure shredding services.

(3)Includes product revenue from ITRenew.

Information as to our revenues by product and service lines by segment for the years ended December 31, 2021, 2020 and 2019 is as follows:

			GLOBAL RIM BUSINESS						GLOBAL  DATA CENTER BUSINESS												CORPORATE  AND OTHER BUSINESS						TOTAL CONSOLIDATED
For the Year Ended December 31, 2021
Records Management(1)			$	3,074,605					$	—											$	125,571					$	3,200,176
Data Management(1)			529,416						—												—						529,416
Information Destruction(1)(2)			390,967						—												44,074						435,041
Data Center(1)			—						326,898												—						326,898
For the Year Ended December 31, 2020
Records Management(1)			$	2,852,296					$	—											$	101,975					$	2,954,271
Data Management(1)			554,901						—												—						554,901
Information Destruction(1)(2)			341,407						—												17,379						358,786
Data Center(1)			—						279,312												—						279,312
For the Year Ended December 31, 2019
Records Management(1)			$	2,866,192					$	—											$	130,690					$	2,996,882
Data Management(1)			582,392						—												—						582,392
Information Destruction(1)(2)			410,158						—												16,001						426,159
Data Center(1)			—						257,151												—						257,151

(1)Each of the offerings within our product and service lines has a component of revenue that is storage rental related and a component that is service revenues, except the destruction services offering, which does not have a storage rental component.

(2)Includes Secure Shredding services.

X

- Definition

Tabular disclosure of the reconciliation of adjusted EBITDA to income before provision (benefit) for income taxes on a consolidated basis.

+ References

No definition available.

+ Details

Name:	irm_ScheduleofReconciliationtoIncomeLossfromContinuingOperationsTableTextBlock
Namespace Prefix:	irm_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration