Iron Mountain (IRM) FY2021 results: revenue $4.5 billion, up 8.3% on the year
Iron Mountain Inc. (IRM) reported revenue of $4.5 billion for fiscal 2021, the year ended 31 December 2021, up 8.3% on the year before. Net income was $450 million, up 31.4%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$4.5 billion
+8.3% on the year
FY2016FY2021
Operating margin
19.0%
22.5% a year earlier
FY2016FY2021
Net income
$450 million
+31.4% on the year
FY2016FY2021
Diluted EPS
$1.55
+30.3% on the year
FY2016FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
759
988
967
-23.2%
Capital expenditure
611
438
693
+39.4%
Free cash flow
148
549
274
-73.1%
Free cash flow margin
3.3%
13.2%
6.4%
Cash from investing
-473
-85.4
-731
Cash from financing
-221
-887
-199
Depreciation and amortisation
680
652
658
+4.3%
Share-based compensation
61.0
37.7
35.7
+61.9%
Dividends paid
718
716
705
+0.3%
Dividend per share
$2.47
$2.47
$2.45
0.0%
Diluted shares, weighted
291m
289m
288m
+0.8%
Shares outstanding at period end
290m
288m
287m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
856
1,137
1,464
-24.7%
Non-controlling interest
1.1
0.0
0.3
Redeemable equity
72.4
59.8
67.7
+21.1%
Debt
9,272
8,703
8,665
+6.5%
Operating lease liabilities
2,171
2,045
1,729
+6.2%
Finance lease liabilities
316
323
321
-2.4%
Other liabilities
1,762
1,882
1,571
-6.4%
Total liabilities and equity
14,450
14,149
13,817
+2.1%
Fixed assets
n/a
n/a
4,623
Goodwill
4,464
4,558
4,485
-2.1%
Intangible assets
1,181
1,327
1,393
-11.0%
Cash and equivalents
256
205
194
+24.8%
Receivables
961
859
851
+11.9%
Inventory
0.0
n/a
n/a
Other assets
7,588
7,200
2,271
+5.4%
Total assets
14,450
14,149
13,817
+2.1%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.