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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 155,716 $ 222,789
Accounts receivable (less allowances of $86,712 and $74,762 as of December 31, 2024 and 2023, respectively) 1,291,379 1,259,826
Prepaid expenses and other 244,127 252,930
Total Current Assets 1,691,222 1,735,545
Property, plant and equipment 11,985,997 10,373,989
Less—Accumulated depreciation (4,354,398) (4,059,120)
Property, Plant and Equipment, Net 7,631,599 6,314,869
Other Assets, Net:    
Goodwill 5,083,817 5,017,912
Customer and supplier relationships and other intangible assets 1,274,731 1,279,800
Operating lease right-of-use assets 2,489,893 2,696,024
Other 545,853 429,652
Total Other Assets, Net 9,394,294 9,423,388
Total Assets 18,717,115 17,473,802
Current Liabilities:    
Current portion of long-term debt 715,109 120,670
Accounts payable 678,716 539,594
Accrued expenses and other current liabilities (includes current portion of operating lease liabilities) 1,366,568 1,250,259
Deferred revenue 326,882 325,665
Total Current Liabilities 3,087,275 2,236,188
Long-term Debt, net of current portion 13,003,977 11,812,500
Long-term Operating Lease Liabilities, net of current portion 2,334,826 2,562,394
Other Long-term Liabilities 312,199 237,590
Deferred Income Taxes 205,341 235,410
Commitments and Contingencies
Redeemable Noncontrolling Interests 78,171 177,947
Iron Mountain Incorporated Stockholders’ (Deficit) Equity:    
Preferred stock (par value $0.01; authorized 10,000,000 shares; none issued and outstanding) 0 0
Common stock (par value $0.01; authorized 400,000,000 shares; issued and outstanding 293,592,637 shares and 292,142,739 shares as of December 31, 2024 and 2023, respectively) 2,936 2,921
Additional paid-in capital 4,647,330 4,533,691
(Distributions in excess of earnings) Earnings in excess of distributions (4,583,436) (3,953,808)
Accumulated other comprehensive items, Net (569,952) (371,156)
Total Iron Mountain Incorporated Stockholders’ (Deficit) Equity (503,122) 211,648
Noncontrolling Interests 198,448 125
Total (Deficit) Equity (304,674) 211,773
Total Liabilities and (Deficit) Equity $ 18,717,115 $ 17,473,802