Iron Mountain (IRM) FY2022 results: revenue $5.1 billion, up 13.6% on the year
Iron Mountain Inc. (IRM) reported revenue of $5.1 billion for fiscal 2022, the year ended 31 December 2022, up 13.6% on the year before. Net income was $557 million, up 23.7%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$5.1 billion
+13.6% on the year
FY2016FY2022
Operating margin
20.6%
19.0% a year earlier
FY2016FY2022
Net income
$557 million
+23.7% on the year
FY2016FY2022
Diluted EPS
$1.90
+22.6% on the year
FY2016FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
928
759
988
+22.2%
Capital expenditure
875
611
438
+43.3%
Free cash flow
52.3
148
549
-64.6%
Free cash flow margin
1.0%
3.3%
13.2%
Cash from investing
-1,660
-473
-85.4
Cash from financing
639
-221
-887
Depreciation and amortisation
728
680
652
+6.9%
Share-based compensation
56.9
61.0
37.7
-6.8%
Dividends paid
724
718
716
+0.8%
Dividend per share
$2.47
$2.47
$2.47
0.0%
Diluted shares, weighted
292m
291m
289m
+0.5%
Shares outstanding at period end
291m
290m
288m
+0.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
637
856
1,137
-25.6%
Non-controlling interest
0.1
1.1
0.0
-88.8%
Redeemable equity
95.2
72.4
59.8
+31.4%
Debt
10,569
9,272
8,703
+14.0%
Operating lease liabilities
2,429
2,171
2,045
+11.9%
Finance lease liabilities
289
316
323
-8.4%
Other liabilities
2,121
1,762
1,882
+20.4%
Total liabilities and equity
16,141
14,450
14,149
+11.7%
Goodwill
4,883
4,464
4,558
+9.4%
Intangible assets
1,423
1,181
1,327
+20.5%
Cash and equivalents
142
256
205
-44.6%
Receivables
1,175
961
859
+22.2%
Inventory
11.7
0.0
n/a
Other assets
8,506
7,588
7,200
+12.1%
Total assets
16,141
14,450
14,149
+11.7%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.