XML 87 R70.htm IDEA: XBRL DOCUMENT v3.3.1.900
Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors - Consolidated Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:                      
Storage Rental                 $ 1,837,897 $ 1,860,243 $ 1,784,721
Service                 1,170,079 1,257,450 1,239,902
Intercompany service                 0 0 0
Total Revenues $ 752,427 $ 746,529 $ 759,734 $ 749,286 $ 777,978 $ 782,697 $ 786,892 $ 770,126 3,007,976 3,117,693 3,024,623
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 1,290,025 1,344,636 1,288,878
Intercompany service charges                 0 0 0
Selling, general and administrative                 844,960 869,572 924,031
Depreciation and amortization                 345,464 353,143 322,037
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 3,000 1,065 430
Total Operating Expenses                 2,483,449 2,568,416 2,535,376
Operating (Loss) Income 123,269 126,822 129,502 144,934 127,895 141,476 147,290 132,616 524,527 549,277 489,247
Interest Expense (Income), Net                 263,871 260,717 254,174
Other Expense (Income), Net                 98,590 65,187 75,202
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 162,066 223,373 159,871
(Benefit) Provision for Income Taxes                 37,713 (97,275) 62,127
Gain on Sale of Real Estate, Net of Tax                 (850) (8,307) (1,417)
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 0 0 0
Income (Loss) from Continuing Operations 5,940 23,517 54,007 41,739 12,674 858 272,702 42,721 125,203 328,955 99,161
(Loss) Income from Discontinued Operations, Net of Tax 0 0 0 0 729 0 (326) (612) 0 (209) 831
Net Income (Loss) 5,940 23,517 54,007 41,739 13,403 858 272,376 42,109 125,203 328,746 99,992
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 1,962 2,627 3,530
Net Income (Loss) Attributable to Iron Mountain Incorporated 5,705 23,110 53,330 41,096 12,749 66 271,637 41,667 123,241 326,119 96,462
Net Income (Loss) $ 5,940 $ 23,517 $ 54,007 $ 41,739 $ 13,403 $ 858 $ 272,376 $ 42,109 125,203 328,746 99,992
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 (100,970) (66,867) (31,532)
Market Value Adjustments for Securities                 (245) 53 926
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 0 0 0
Total Other Comprehensive (Loss) Income                 (101,215) (66,814) (30,606)
Comprehensive Income (Loss)                 23,988 261,932 69,386
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 633 2,184 1,898
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 23,355 259,748 67,488
Eliminations                      
Revenues:                      
Storage Rental                 0 0 0
Service                 0 0 0
Intercompany service                 (74,992) (64,794) (32,810)
Total Revenues                 (74,992) (64,794) (32,810)
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 0 0 0
Intercompany service charges                 (74,992) (64,794) (32,810)
Selling, general and administrative                 0 0 0
Depreciation and amortization                 0 0 0
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 0 0 0
Total Operating Expenses                 (74,992) (64,794) (32,810)
Operating (Loss) Income                 0 0 0
Interest Expense (Income), Net                 0 0 0
Other Expense (Income), Net                 0 0 0
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 0 0 0
(Benefit) Provision for Income Taxes                 0 0 0
Gain on Sale of Real Estate, Net of Tax                 0 0 0
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 139,432 351,151 445,717
Income (Loss) from Continuing Operations                   (351,151) (445,717)
(Loss) Income from Discontinued Operations, Net of Tax                   0 0
Net Income (Loss)                 (139,432) (351,151) (445,717)
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated                 (139,432) (351,151) (445,717)
Net Income (Loss)                 (139,432) (351,151) (445,717)
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 0 0 0
Market Value Adjustments for Securities                 0 0 0
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 228,870 156,376 67,732
Total Other Comprehensive (Loss) Income                 228,870 156,376 67,732
Comprehensive Income (Loss)                 89,438 (194,775) (377,985)
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 89,438 (194,775) (377,985)
Parent | Reportable legal entities                      
Revenues:                      
Storage Rental                 0 0 0
Service                 0 0 0
Intercompany service                 0 0 0
Total Revenues                 0 0 0
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 0 0 0
Intercompany service charges                 0 0 0
Selling, general and administrative                 117 1,182 227
Depreciation and amortization                 181 225 319
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 0 0 5
Total Operating Expenses                 298 1,407 551
Operating (Loss) Income                 (298) (1,407) (551)
Interest Expense (Income), Net                 159,848 187,650 206,682
Other Expense (Income), Net                 23,675 78 54,144
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 (183,821) (189,135) (261,377)
(Benefit) Provision for Income Taxes                 0 0 (16)
Gain on Sale of Real Estate, Net of Tax                 0 0 0
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 (307,062) (515,254) (357,823)
Income (Loss) from Continuing Operations                   326,119 96,462
(Loss) Income from Discontinued Operations, Net of Tax                   0 0
Net Income (Loss)                 123,241 326,119 96,462
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated                 123,241 326,119 96,462
Net Income (Loss)                 123,241 326,119 96,462
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 3,284 6,328 (3,237)
Market Value Adjustments for Securities                 0 0 0
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 (103,170) (72,662) (25,737)
Total Other Comprehensive (Loss) Income                 (99,886) (66,334) (28,974)
Comprehensive Income (Loss)                 23,355 259,785 67,488
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 23,355 259,785 67,488
Guarantors | Reportable legal entities                      
Revenues:                      
Storage Rental                 1,226,299 1,208,380 1,174,978
Service                 734,883 749,711 754,090
Intercompany service                 3,476 0 0
Total Revenues                 1,964,658 1,958,091 1,929,068
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 788,278 793,274 771,271
Intercompany service charges                 13,384 0 0
Selling, general and administrative                 594,994 580,568 655,052
Depreciation and amortization                 224,214 214,341 195,794
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 962 829 (100)
Total Operating Expenses                 1,621,832 1,589,012 1,622,017
Operating (Loss) Income                 342,826 369,079 307,051
Interest Expense (Income), Net                 (30,559) (23,295) (19,731)
Other Expense (Income), Net                 (82,820) (203,380) 1,283
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 456,205 595,754 325,499
(Benefit) Provision for Income Taxes                 13,632 (114,947) 33,767
Gain on Sale of Real Estate, Net of Tax                 0 (196) 0
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 135,720 196,310 (63,775)
Income (Loss) from Continuing Operations                   514,587 355,507
(Loss) Income from Discontinued Operations, Net of Tax                   (937) (529)
Net Income (Loss)                 306,853 513,650 354,978
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated                 306,853 513,650 354,978
Net Income (Loss)                 306,853 513,650 354,978
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 0 47 1,177
Market Value Adjustments for Securities                 (245) 53 926
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 (103,521) (73,696) (26,862)
Total Other Comprehensive (Loss) Income                 (103,766) (73,596) (24,759)
Comprehensive Income (Loss)                 203,087 440,054 330,219
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 203,087 440,054 330,219
Canada Company | Reportable legal entities                      
Revenues:                      
Storage Rental                 118,908 124,551 129,987
Service                 61,717 68,669 35,119
Intercompany service                 0 0 0
Total Revenues                 180,625 193,220 165,106
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 25,213 23,040 27,354
Intercompany service charges                 58,132 64,794 32,810
Selling, general and administrative                 14,734 13,304 15,792
Depreciation and amortization                 12,427 11,797 12,383
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 41 173 21
Total Operating Expenses                 110,547 113,108 88,360
Operating (Loss) Income                 70,078 80,112 76,746
Interest Expense (Income), Net                 36,521 36,946 40,537
Other Expense (Income), Net                 55,230 (91) 5,410
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 (21,673) 43,257 30,799
(Benefit) Provision for Income Taxes                 12,787 12,876 12,361
Gain on Sale of Real Estate, Net of Tax                 0 (832) 0
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 (2,552) (992) (5,681)
Income (Loss) from Continuing Operations                   32,205 24,119
(Loss) Income from Discontinued Operations, Net of Tax                   0 0
Net Income (Loss)                 (31,908) 32,205 24,119
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Net Income (Loss) Attributable to Iron Mountain Incorporated                 (31,908) 32,205 24,119
Net Income (Loss)                 (31,908) 32,205 24,119
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 (19,003) (10,306) (11,096)
Market Value Adjustments for Securities                 0 0 0
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 (3,176) 288 (4,037)
Total Other Comprehensive (Loss) Income                 (22,179) (10,018) (15,133)
Comprehensive Income (Loss)                 (54,087) 22,187 8,986
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 0 0 0
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 (54,087) 22,187 8,986
Non-Guarantors | Reportable legal entities                      
Revenues:                      
Storage Rental                 492,690 527,312 479,756
Service                 373,479 439,070 450,693
Intercompany service                 71,516 64,794 32,810
Total Revenues                 937,685 1,031,176 963,259
Operating Expenses:                      
Cost of sales (excluding depreciation and amortization)                 476,534 528,322 490,253
Intercompany service charges                 3,476 0 0
Selling, general and administrative                 235,115 274,518 252,960
Depreciation and amortization                 108,642 126,780 113,541
Loss (Gain) on disposal/write-down of property, plant and equipment (excluding real estate), net                 1,997 63 504
Total Operating Expenses                 825,764 929,683 857,258
Operating (Loss) Income                 111,921 101,493 106,001
Interest Expense (Income), Net                 98,061 59,416 26,686
Other Expense (Income), Net                 102,505 268,580 14,365
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate                 (88,645) (226,503) 64,950
(Benefit) Provision for Income Taxes                 11,294 4,796 16,015
Gain on Sale of Real Estate, Net of Tax                 (850) (7,279) (1,417)
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax                 34,462 (31,215) (18,438)
Income (Loss) from Continuing Operations                   (192,805) 68,790
(Loss) Income from Discontinued Operations, Net of Tax                   728 1,360
Net Income (Loss)                 (133,551) (192,077) 70,150
Less: Net Income (Loss) Attributable to Noncontrolling Interests                 1,962 2,627 3,530
Net Income (Loss) Attributable to Iron Mountain Incorporated                 (135,513) (194,704) 66,620
Net Income (Loss)                 (133,551) (192,077) 70,150
Other Comprehensive Income (Loss):                      
Foreign Currency Translation Adjustments                 (85,251) (62,936) (18,376)
Market Value Adjustments for Securities                 0 0 0
Equity in Other Comprehensive (Loss) Income of Subsidiaries                 (19,003) (10,306) (11,096)
Total Other Comprehensive (Loss) Income                 (104,254) (73,242) (29,472)
Comprehensive Income (Loss)                 (237,805) (265,319) 40,678
Comprehensive Income (Loss) Attributable to Noncontrolling Interests                 633 2,184 1,898
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated                 $ (238,438) $ (267,503) $ 38,780