IRON MOUNTAIN INC (IRM) FY2024 Q1 Statement of Cash Flows
2024-01-01 to 2024-03-31
Statement of Cash Flows
2024-01-01 to 2024-03-31
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Chart details
IRON MOUNTAIN INC cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024
Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2023
- 222,789,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 130,038,000 US dollars. Net cash provided.
- Stock-based compensation expense
- 14,039,000 US dollars
- Loss (gain) on disposal/write-down of property, plant and equipment, net
- 389,000 US dollars
- Revenue reduction associated with amortization of customer inducements and above- and below-market leases
- 1,321,000 US dollars
- (Decrease) increase in liabilities
- negative 144,687,000 US dollars
- (Increase) decrease in assets
- negative 29,738,000 US dollars
- Net income (loss)
- 77,025,000 US dollars
- Provision (benefit) for deferred income taxes
- 1,125,000 US dollars
- Foreign currency transactions and other, net
- negative 5,091,000 US dollars
- Depreciation
- 143,633,000 US dollars
- Amortization (includes amortization of deferred financing costs and discounts of $6,100 and $4,332 for the three months ended March 31, 2024 and 2023, respectively)
- 72,022,000 US dollars
- Investing activities
- negative 525,609,000 US dollars. Net cash used.
- Proceeds from sales of property and equipment and other, net
- 5,605,000 US dollars
- Customer inducements
- negative 2,286,000 US dollars
- Capital expenditures
- negative 381,145,000 US dollars
- Cash paid for acquisitions, net of cash acquired
- negative 122,479,000 US dollars
- Investments in joint ventures and other investments
- 0 US dollars
- Contract costs
- negative 25,304,000 US dollars
- Financing activities
- 362,099,000 US dollars. Net cash provided.
- Repayment of revolving credit facility, term loan facilities and other debt
- negative 1,730,252,000 US dollars
- Equity distribution to noncontrolling interests
- negative 499,000 US dollars
- Net (payments) proceeds associated with employee stock-based awards
- negative 29,498,000 US dollars
- Payment of deferred purchase obligation
- negative 158,677,000 US dollars
- Proceeds from revolving credit facility, term loan facilities and other debt
- 2,479,378,000 US dollars
- Parent cash dividends
- negative 198,013,000 US dollars
- Other, net
- negative 340,000 US dollars
- Operating adjustment reconciliation
- 232,529,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 2,479,378,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 531,214,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 2,338,000 US dollars
- Ending cash on Mar 31, 2024
- 191,655,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 717,264,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 31,134,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.69×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 130,038,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 381,145,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 251,107,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $53.01M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 130,038,000 US dollars minus 381,145,000 US dollars equals negative 251,107,000 US dollars.
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