IRON MOUNTAIN INC (IRM) FY2025 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-04-01 to 2025-06-30

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IRON MOUNTAIN INC cash flow reconciliation, Apr 1, 2025 through Jun 30, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Depreciation → operating reconciliation: $180,572,000.00Increase (decrease) in liabilities → operating reconciliation: $141,701,000.00Amortization (includes amortization of deferred financing costs and discounts of $15,659 and $12,243 for the six months ended June 30, 2025 and 2024, respectively) → operating reconciliation: $79,797,000.00Stock-based compensation expense → operating reconciliation: $60,354,000.00Foreign currency transactions and other, net → operating reconciliation: $25,681,000.00Provision (benefit) for deferred income taxes → operating reconciliation: $8,880,000.00Revenue reduction associated with amortization of customer inducements and above- and below-market leases → operating reconciliation: $1,659,000.00operating reconciliation → Net cash from operating activities: $375,126,000.00operating reconciliation → Net (Loss) Income: $43,340,000.00operating reconciliation → (Increase) decrease in assets: $79,216,000.00operating reconciliation → (Gain) loss on disposal/write-down of property, plant and equipment, net: $962,000.00Proceeds from revolving credit facility, term loan facilities and other debt → financing reconciliation: $5,601,012,000.00Net (payments) proceeds associated with employee stock-based awards → financing reconciliation: $10,627,000.00financing reconciliation → Net cash from financing activities: $304,036,000.00financing reconciliation → Repayment of revolving credit facility, term loan facilities and other debt: $5,072,144,000.00financing reconciliation → Parent cash dividends: $231,757,000.00financing reconciliation → Other, net: $2,979,000.00financing reconciliation → Equity distribution to noncontrolling interests: $723,000.00Net cash used in investing activities → investing reconciliation: $584,044,000.00Proceeds from sales of property and equipment and other, net → investing reconciliation: $9,909,000.00Cash paid for acquisitions, net of cash acquired → investing reconciliation: $704,000.00investing reconciliation → Capital expenditures: $556,756,000.00investing reconciliation → Investments in joint ventures and other investments, net: $26,837,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $10,084,000.00investing reconciliation → Acquisition of customer intangibles: $980,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $155,338,000.00Net cash from operating activities → Cash sources and uses: $375,126,000.00Net cash from financing activities → Cash sources and uses: $304,036,000.00Cash sources and uses → Exchange-rate effect: $32,464,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $217,992,000.00Cash sources and uses → Net cash used in investing activities: $584,044,000.00Provision (benefit) for deferred income taxes: $8,880,000.00Deferred income taxes+$8.88 M(Gain) loss on disposal/write-down of property, plant and equipment, net: -$962,000.00Asset sales & impairments−$962.00 KRevenue reduction associated with amortization of customer inducements and above- and below-market leases: $1,659,000.00Revenue reduction associated with amortization ofcustomer inducements and above- and below-marketleases+$1.66 M(Increase) decrease in assets: -$79,216,000.00Operating assets−$79.22 MAmortization (includes amortization of deferred financing costs and discounts of $15,659 and $12,243 for the six months ended June 30, 2025 and 2024, respectively): $79,797,000.00Amortization expense+$79.80 MDepreciation: $180,572,000.00Depreciation expense+$180.57 MStock-based compensation expense: $60,354,000.00Stock-based compensation+$60.35 MIncrease (decrease) in liabilities: $141,701,000.00Operating liabilities, net+$141.70 MNet (Loss) Income: -$43,340,000.00Net (Loss) Income−$43.34 MForeign currency transactions and other, net: $25,681,000.00Foreign currency transactions and other, net+$25.68 MNet cash from operating activities: $375,126,000.00Operating cash+$375.13 Moperating reconciliation: $498,644,000.00Equity distribution to noncontrolling interests: -$723,000.00Paid to noncontrolling interests−$723.00 KProceeds from revolving credit facility, term loan facilities and other debt: $5,601,012,000.00Debt issued+$5.60 BParent cash dividends: -$231,757,000.00Common dividends paid−$231.76 MNet (payments) proceeds associated with employee stock-based awards: $10,627,000.00Net (payments) proceeds associated with employeestock-based awards+$10.63 MRepayment of revolving credit facility, term loan facilities and other debt: -$5,072,144,000.00Debt repaid−$5.07 BOther, net: -$2,979,000.00Other financing, net−$2.98 MPayment of deferred purchase obligations and other deferred payments: $0.00Net cash from financing activities: $304,036,000.00Financing cash+$304.04 Mfinancing reconciliation: $5,611,639,000.00Acquisition of customer intangibles: -$980,000.00Intangible asset purchases−$980.00 KCash paid for acquisitions, net of cash acquired: $704,000.00Acquisitions, net of cash+$704.00 KInvestments in joint ventures and other investments, net: -$26,837,000.00Joint venture investments−$26.84 MCapital expenditures: -$556,756,000.00PP&E purchases−$556.76 MProceeds from sales of property and equipment and other, net: $9,909,000.00Asset sales+$9.91 MRemaining investing cash flows, net (calculated): -$10,084,000.00Remaining investing (calculated)−$10.08 MNet cash used in investing activities: -$584,044,000.00. Cash required to fund net payments.Investing cash−$584.04 Minvesting reconciliation: $594,657,000.00Cash sources and uses: $834,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $155,338,000.00Beginning cash$155.34 MEnding cash: Cash, cash equivalents, and restricted cash: $217,992,000.00Ending cash$217.99 MExchange-rate effect: -$32,464,000.00FX effect−$32.46 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$43.34M + net operating adjustments $418.47M = operating cash +$375.13MFree cash flow−$181.63 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$62.65 MEnding cash − beginning cash
Chart details

IRON MOUNTAIN INC cash flow reconciliation, Apr 1, 2025 through Jun 30, 2025

Cash flows for Apr 1, 2025 through Jun 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2025. Ending cash: Jun 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2025
155,338,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
375,126,000 US dollars. Net cash provided.
Provision (benefit) for deferred income taxes
8,880,000 US dollars
(Gain) loss on disposal/write-down of property, plant and equipment, net
negative 962,000 US dollars
Revenue reduction associated with amortization of customer inducements and above- and below-market leases
1,659,000 US dollars
(Increase) decrease in assets
negative 79,216,000 US dollars
Amortization (includes amortization of deferred financing costs and discounts of $15,659 and $12,243 for the six months ended June 30, 2025 and 2024, respectively)
79,797,000 US dollars
Depreciation
180,572,000 US dollars
Stock-based compensation expense
60,354,000 US dollars
Increase (decrease) in liabilities
141,701,000 US dollars
Net (Loss) Income
negative 43,340,000 US dollars
Foreign currency transactions and other, net
25,681,000 US dollars
Investing activities
negative 584,044,000 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 (Contract costs), so Contract costs cannot be separated for this quarter. It may combine inflows and outflows.
Acquisition of customer intangibles
negative 980,000 US dollars
Cash paid for acquisitions, net of cash acquired
704,000 US dollars
Investments in joint ventures and other investments, net
negative 26,837,000 US dollars
Capital expenditures
negative 556,756,000 US dollars
Proceeds from sales of property and equipment and other, net
9,909,000 US dollars
Remaining investing cash flows, net (calculated)
negative 10,084,000 US dollars
Financing activities
304,036,000 US dollars. Net cash provided.
Equity distribution to noncontrolling interests
negative 723,000 US dollars
Proceeds from revolving credit facility, term loan facilities and other debt
5,601,012,000 US dollars
Parent cash dividends
negative 231,757,000 US dollars
Net (payments) proceeds associated with employee stock-based awards
10,627,000 US dollars
Repayment of revolving credit facility, term loan facilities and other debt
negative 5,072,144,000 US dollars
Other, net
negative 2,979,000 US dollars
Payment of deferred purchase obligations and other deferred payments
0 US dollars
Operating adjustment reconciliation
498,644,000 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
5,611,639,000 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
594,657,000 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 32,464,000 US dollars
Ending cash on Jun 30, 2025
217,992,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
834,500,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
62,654,000 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
375,126,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
556,756,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 181,630,000 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 −$43.34M + net operating adjustments $418.47M = operating cash +$375.13M. 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: 375,126,000 US dollars minus 556,756,000 US dollars equals negative 181,630,000 US dollars.
IRON MOUNTAIN INC (IRM) FY2025 Q2 Statement of Cash Flows Sankey chart
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