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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total Revenues $ 1,534,409 $ 1,357,936 $ 3,011,272 $ 2,672,285
Operating Expenses:        
Cost of sales (excluding depreciation and amortization) 675,971 592,644 1,329,226 1,164,270
Selling, general and administrative 344,838 311,805 664,303 606,325
Depreciation and amortization 224,501 195,367 434,056 377,461
Acquisition and Integration Costs 9,502 1,511 17,311 3,106
Restructuring and other transformation 46,513 45,588 87,280 82,501
Loss (Gain) on disposal/write-down of property, plant and equipment, net 2,790 (1,505) 3,179 (14,566)
Total Operating Expenses 1,304,115 1,145,410 2,535,355 2,219,097
Operating Income (Loss) 230,294 212,526 475,917 453,188
Interest Expense, Net 176,521 144,178 341,040 281,347
Other Expense (Income), Net 5,833 62,950 (6,697) 84,150
Net Income (Loss) Before Provision (Benefit) for Income Taxes 47,940 5,398 141,574 87,691
Provision (Benefit) for Income Taxes 13,319 4,255 29,928 21,013
Net Income (Loss) 34,621 1,143 111,646 66,678
Less: Net (Loss) Income Attributable to Noncontrolling Interests (1,162) 1,029 1,802 1,969
Net Income (Loss) Attributable to Iron Mountain Incorporated $ 35,783 $ 114 $ 109,844 $ 64,709
Net Income (Loss) Per Share Attributable to Iron Mountain Incorporated:        
Basic (in dollars per share) $ 0.12 $ 0.00 $ 0.37 $ 0.22
Diluted (in dollars per share) $ 0.12 $ 0.00 $ 0.37 $ 0.22
Weighted average common shares outstanding-basic (in shares) 293,340,000 291,825,000 293,043,000 291,633,000
Weighted average common shares outstanding-diluted (in shares) 295,838,000 293,527,000 295,529,000 293,288,000
Storage rental        
Revenues:        
Total Revenues $ 919,746 $ 830,756 $ 1,804,588 $ 1,640,845
Service        
Revenues:        
Total Revenues $ 614,663 $ 527,180 $ 1,206,684 $ 1,031,440