IRM Investor Presentation
FY22 RECONCILIATION OF REPORTED EPS TO ADJUSTED EPS
Reported EPS - Fully Diluted from Net Income (Loss) Attributable to Iron Mountain Incorporated
Add / (Deduct):
Full Year 2022 Full Year 2021
$1.90
$1.55
Acquisition and Integration Costs
0.16
0.04
Restructuring and Other Transformation
0.14
0.71
Amortization Related to the Write-Off of Certain Customer Relationship Intangible Assets
0.02
(Gain) Loss on Disposal/Write-Down of PP&E, Net
(0.31)
(0.59)
Other (Income) Expense, Net, Excluding our Share of Losses (Gains) from our Unconsolidated Joint Ventures
(0.28)
(0.71)
Stock-Based Compensation Expense
0.19
0.21
Non-Cash amortization related to derivative instruments
0.03
Tax Impact of Reconciling Items and Discrete Tax Items (1)
(0.08)
0.28
Net Income Attributable to Noncontrolling Interests
0.02
0.01
Adjusted EPS - Fully Diluted from Net Income (Loss) Attributable to Iron Mountain Incorporated
$1.79
$1.51
IRON
MOUNTAINⓇ
1 The difference between our effective tax rates and our structural tax rate (or adjusted effective tax rates) for the years ended December 31, 2022 and 2021 is
primarily due to (i) the reconciling items above, which impact our reported net income (loss) before provision (benefit) for income taxes but have an insignificant
impact on our reported provision (benefit) for income taxes and (ii) other discrete tax items. Our structural tax rate for purposes of the calculation of Adjusted EPS for
the years ended December 31, 2022 and 2021 was 15.2% and 17.7%, respectively. The Tax Impact of Reconciling Items and Discrete Tax Items is calculated using
the current quarter's estimate of the annual structural tax rate for the full year. This may result in the current period adjustment plus prior reported quarterly
adjustments not summing to the full year adjustment.
IRM INVESTOR PRESENTATION 31View entire presentation