IRON MOUNTAIN INC (IRM) FY2024 Q3 Statement of Cash Flows
2024-07-01 to 2024-09-30
Statement of Cash Flows
2024-07-01 to 2024-09-30
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Chart details
IRON MOUNTAIN INC cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024
Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Jun 30, 2024
- 144,256,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 252,913,000 US dollars. Net cash provided.
- Foreign currency transactions and other, net
- 87,781,000 US dollars
- (Benefit) provision for deferred income taxes
- negative 8,570,000 US dollars
- Loss associated with the Clutter Acquisition
- 0 US dollars
- Loss on early extinguishment of debt
- 5,417,000 US dollars
- Revenue reduction associated with amortization of customer inducements and above- and below-market leases
- 1,319,000 US dollars
- Amortization (includes amortization of deferred financing costs and discounts of [$18,909] and $13,580 for the nine months ended September 30, 2024 and 2023, respectively)
- 74,563,000 US dollars
- Net income (loss)
- negative 33,665,000 US dollars
- Depreciation
- 164,343,000 US dollars
- (Increase) decrease in assets
- 40,440,000 US dollars
- Stock-based compensation expense
- 29,563,000 US dollars
- Loss (gain) on disposal/write-down of property, plant and equipment, net
- 5,091,000 US dollars
- (Decrease) increase in liabilities
- negative 113,369,000 US dollars
- Investing activities
- negative 482,081,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Customer inducements), so Acquisition of customer intangibles cannot be separated for this quarter. It may combine inflows and outflows.
- Cash paid for acquisitions, net of cash acquired
- negative 51,122,000 US dollars
- Investments in joint ventures and other investments, net
- 356,000 US dollars
- Contract costs
- negative 33,312,000 US dollars
- Capital expenditures
- negative 396,067,000 US dollars
- Proceeds from sales of property and equipment and other, net
- 427,000 US dollars
- Remaining investing cash flows, net (calculated)
- negative 2,363,000 US dollars
- Financing activities
- 269,910,000 US dollars. Net cash provided.
- Debt financing and equity contribution from noncontrolling interests
- 178,616,000 US dollars
- Repurchase of noncontrolling interest
- negative 35,203,000 US dollars
- Equity distribution to noncontrolling interests
- negative 736,000 US dollars
- Proceeds from revolving credit facility, term loan facilities and other debt
- 4,404,522,000 US dollars
- Parent cash dividends
- negative 190,785,000 US dollars
- Net proceeds from sale of senior note
- 0 US dollars
- Net (payments) proceeds associated with employee stock-based awards
- 3,365,000 US dollars
- Repayment of revolving credit facility, term loan facilities and other debt
- negative 4,078,124,000 US dollars
- Other, net
- negative 11,745,000 US dollars
- Payment of deferred purchase obligation
- 0 US dollars
- Operating adjustment reconciliation
- 408,517,000 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
- 4,586,503,000 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 displayed reconciliation
- 482,864,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- Exchange-rate effect
- negative 16,483,000 US dollars
- Ending cash on Sep 30, 2024
- 168,515,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 667,079,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 24,259,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- Operating cash flow
- 252,913,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 396,067,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- negative 143,154,000 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 loss −$33.67M + net operating adjustments $286.58M = operating cash +$252.91M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- 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: 252,913,000 US dollars minus 396,067,000 US dollars equals negative 143,154,000 US dollars.
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