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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total Revenues $ 1,557,358 $ 1,388,175 $ 4,568,630 $ 4,060,460
Operating Expenses:        
Cost of sales (excluding depreciation and amortization) 678,390 592,201 2,007,616 1,756,471
Selling, general and administrative 341,929 315,030 1,006,232 921,355
Depreciation and amortization 232,240 198,757 666,296 576,218
Acquisition and Integration Costs 11,262 9,909 28,573 13,015
Restructuring and other transformation 37,282 38,861 124,562 121,362
Loss (gain) on disposal/write-down of property, plant and equipment, net 5,091 (4,416) 8,270 (18,982)
Total Operating Expenses 1,306,194 1,150,342 3,841,549 3,369,439
Operating Income (Loss) 251,164 237,833 727,081 691,021
Interest expense, net 186,067 152,801 527,107 434,148
Other Expense (Income), Net 86,362 (16,271) 79,665 67,879
Net Income (Loss) Before Provision (Benefit) for Income Taxes (21,265) 101,303 120,309 188,994
Provision (Benefit) for Income Taxes 12,400 9,912 42,328 30,925
Net Income (Loss) (33,665) 91,391 77,981 158,069
Less: Net Income (Loss) Attributable to Noncontrolling Interests (45) 348 1,757 2,317
Net Income (Loss) Attributable to Iron Mountain Incorporated $ (33,620) $ 91,043 $ 76,224 $ 155,752
Net Income (Loss) Per Share Attributable to Iron Mountain Incorporated:        
Basic (in dollars per share) $ (0.11) $ 0.31 $ 0.26 $ 0.53
Diluted (in dollars per share) $ (0.11) $ 0.31 $ 0.26 $ 0.53
Weighted average common shares outstanding-basic (in shares) 293,603,000 292,148,000 293,229,000 291,805,000
Weighted average common shares outstanding-diluted (in shares) 293,603,000 294,269,000 295,912,000 293,615,000
Storage rental        
Revenues:        
Total Revenues $ 935,701 $ 858,656 $ 2,740,289 $ 2,499,501
Service        
Revenues:        
Total Revenues $ 621,657 $ 529,519 $ 1,828,341 $ 1,560,959