Iron Mountain (IRM) 10-K Summary — Year Ended Dec 31, 2023
The filing presents financial results for the year, showing revenue growth and positive net income. It also discusses liquidity, tax rates, and equity method investment losses.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
The filing presents financial results for the year, showing revenue growth and positive net income. It also discusses liquidity, tax rates, and equity method investment losses.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$5.5B
Revenue reported for the fiscal year.
Operating income
$921.8M
Income from operations reported for the year.
Net income
$187.3M
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $4.5B | n/a |
| Dec 31, 2022 | $5.1B | +13.6% |
| Dec 31, 2023 | $5.5B | +7.4% |
Business overview
The supplied filing does not contain a narrative description of the company's business. The only substantive text relates to liquidity and tax matters.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were reported, and operating cash flow was positive.
Material risks
The filing's risk factors section is referenced but not provided in the supplied data. Therefore, no specific material risks can be identified from the filing context.
Liquidity and capital
The filing discusses losses on equity method investments and changes in the deferred purchase obligation. It also notes variability in effective tax rates and the impact of dividends paid deduction.
What to watch
Monitor the effective tax rate and the performance of equity method investments in the next filing.