IRON MOUNTAIN INC (IRM) FY2025 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-09-30

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IRON MOUNTAIN INC cash flow reconciliation, Jan 1, 2025 through Sep 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. 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.Net Income (Loss) → Net cash from operating activities: $59,134,000.00Depreciation → Operating adjustments reconciliation: $532,468,000.00Amortization (includes amortization of deferred financing costs and discounts of $24,419 and $18,909 for the nine months ended September 30, 2025 and 2024, respectively) → Operating adjustments reconciliation: $238,874,000.00Stock-based compensation expense → Operating adjustments reconciliation: $118,595,000.00Foreign currency transactions and other, net → Operating adjustments reconciliation: $47,117,000.00Loss (gain) on disposal/write-down of property, plant and equipment, net → Operating adjustments reconciliation: $7,975,000.00Revenue reduction associated with amortization of customer inducements and above- and below-market leases → Operating adjustments reconciliation: $4,468,000.00Operating adjustments reconciliation → Net cash from operating activities: $780,867,000.00Operating adjustments reconciliation → (Increase) decrease in assets: $155,859,000.00Operating adjustments reconciliation → (Benefit) provision for deferred income taxes: $9,767,000.00Operating adjustments reconciliation → (Decrease) increase in liabilities: $3,004,000.00Proceeds from revolving credit facility, term loan facilities and other debt → financing reconciliation: $13,546,589,000.00Net proceeds from sale of senior note → financing reconciliation: $1,390,651,000.00financing reconciliation → Net cash from financing activities: $1,201,195,000.00financing reconciliation → Repayment of revolving credit facility, term loan facilities and other debt: $12,747,897,000.00financing reconciliation → Parent cash dividends: $687,204,000.00financing reconciliation → Payment of deferred purchase obligations and other deferred payments: $240,217,000.00financing reconciliation → Net (payments) proceeds associated with employee stock-based awards: $46,415,000.00financing reconciliation → Other, net: $7,831,000.00financing reconciliation → Equity distributions to noncontrolling interests: $6,481,000.00Net cash used in investing activities → investing reconciliation: $1,968,259,000.00Proceeds from sales of property and equipment and other, net → investing reconciliation: $12,869,000.00investing reconciliation → Capital expenditures: $1,755,383,000.00investing reconciliation → Cash paid for acquisitions, net of cash acquired: $101,625,000.00investing reconciliation → Contract costs: $59,607,000.00investing reconciliation → Investments in joint ventures and other investments, net: $43,309,000.00investing reconciliation → Acquisition of customer intangibles: $21,204,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $155,716,000.00Net cash from operating activities → Cash sources and uses: $840,001,000.00Net cash from financing activities → Cash sources and uses: $1,201,195,000.00Cash sources and uses → Exchange-rate effect: $33,443,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $195,210,000.00Cash sources and uses → Net cash used in investing activities: $1,968,259,000.00(Benefit) provision for deferred income taxes: -$9,767,000.00Deferred income taxes−$9.77 MLoss (gain) on disposal/write-down of property, plant and equipment, net: $7,975,000.00Asset sales & impairments+$7.98 MRevenue reduction associated with amortization of customer inducements and above- and below-market leases: $4,468,000.00Revenue reduction associated with amortization ofcustomer inducements and above- and below-marketleases+$4.47 M(Increase) decrease in assets: -$155,859,000.00Operating assets−$155.86 MAmortization (includes amortization of deferred financing costs and discounts of $24,419 and $18,909 for the nine months ended September 30, 2025 and 2024, respectively): $238,874,000.00Amortization expense+$238.87 MDepreciation: $532,468,000.00Depreciation expense+$532.47 MStock-based compensation expense: $118,595,000.00Stock-based compensation+$118.60 M(Decrease) increase in liabilities: -$3,004,000.00Operating liabilities, net−$3.00 MNet Income (Loss): $59,134,000.00Net Income (Loss)+$59.13 MForeign currency transactions and other, net: $47,117,000.00Foreign currency transactions and other, net+$47.12 MLoss on early extinguishment of debt: $0.00Net cash from operating activities: $840,001,000.00Operating cash+$840.00 MOperating adjustments reconciliation: $949,497,000.00Repayment of revolving credit facility, term loan facilities and other debt: -$12,747,897,000.00Debt repaid−$12.75 BProceeds from revolving credit facility, term loan facilities and other debt: $13,546,589,000.00Debt issued+$13.55 BNet proceeds from sale of senior note: $1,390,651,000.00Senior debt issued+$1.39 BEquity contributions from noncontrolling interests: $0.00Equity distributions to noncontrolling interests: -$6,481,000.00Paid to noncontrolling interests−$6.48 MRepurchase of noncontrolling interest: $0.00Parent cash dividends: -$687,204,000.00Common dividends paid−$687.20 MPayment of deferred purchase obligations and other deferred payments: -$240,217,000.00Contingent consideration paid−$240.22 MNet (payments) proceeds associated with employee stock-based awards: -$46,415,000.00Net (payments) proceeds associated with employeestock-based awards−$46.42 MOther, net: -$7,831,000.00Other financing, net−$7.83 MNet cash from financing activities: $1,201,195,000.00Financing cash+$1.20 Bfinancing reconciliation: $14,937,240,000.00Capital expenditures: -$1,755,383,000.00PP&E purchases−$1.76 BCash paid for acquisitions, net of cash acquired: -$101,625,000.00Acquisitions, net of cash−$101.63 MAcquisition of customer intangibles: -$21,204,000.00Intangible asset purchases−$21.20 MContract costs: -$59,607,000.00Contract costs−$59.61 MInvestments in joint ventures and other investments, net: -$43,309,000.00Joint venture investments−$43.31 MProceeds from sales of property and equipment and other, net: $12,869,000.00Asset sales+$12.87 MNet cash used in investing activities: -$1,968,259,000.00. Cash required to fund net payments.Investing cash−$1.97 Binvesting reconciliation: $1,981,128,000.00Cash sources and uses: $2,196,912,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $155,716,000.00Beginning cash$155.72 MEnding cash: Cash, cash equivalents, and restricted cash: $195,210,000.00Ending cash$195.21 MExchange-rate effect: -$33,443,000.00FX effect−$33.44 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow−$915.38 MOperating cash − cash spent on PP&ECash flow / Net income14.21×Operating cash flow ÷ net incomeNet cash change+$39.49 MEnding cash − beginning cash
Chart details

IRON MOUNTAIN INC cash flow reconciliation, Jan 1, 2025 through Sep 30, 2025

Cash flows for Jan 1, 2025 through Sep 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Sep 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
155,716,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
840,001,000 US dollars. Net cash provided.
(Benefit) provision for deferred income taxes
negative 9,767,000 US dollars
Loss (gain) on disposal/write-down of property, plant and equipment, net
7,975,000 US dollars
Revenue reduction associated with amortization of customer inducements and above- and below-market leases
4,468,000 US dollars
(Increase) decrease in assets
negative 155,859,000 US dollars
Amortization (includes amortization of deferred financing costs and discounts of $24,419 and $18,909 for the nine months ended September 30, 2025 and 2024, respectively)
238,874,000 US dollars
Depreciation
532,468,000 US dollars
Stock-based compensation expense
118,595,000 US dollars
(Decrease) increase in liabilities
negative 3,004,000 US dollars
Net Income (Loss)
59,134,000 US dollars
Foreign currency transactions and other, net
47,117,000 US dollars
Loss on early extinguishment of debt
0 US dollars
Investing activities
negative 1,968,259,000 US dollars. Net cash used.
Capital expenditures
negative 1,755,383,000 US dollars
Cash paid for acquisitions, net of cash acquired
negative 101,625,000 US dollars
Acquisition of customer intangibles
negative 21,204,000 US dollars
Contract costs
negative 59,607,000 US dollars
Investments in joint ventures and other investments, net
negative 43,309,000 US dollars
Proceeds from sales of property and equipment and other, net
12,869,000 US dollars
Financing activities
1,201,195,000 US dollars. Net cash provided.
Repayment of revolving credit facility, term loan facilities and other debt
negative 12,747,897,000 US dollars
Proceeds from revolving credit facility, term loan facilities and other debt
13,546,589,000 US dollars
Net proceeds from sale of senior note
1,390,651,000 US dollars
Equity contributions from noncontrolling interests
0 US dollars
Equity distributions to noncontrolling interests
negative 6,481,000 US dollars
Repurchase of noncontrolling interest
0 US dollars
Parent cash dividends
negative 687,204,000 US dollars
Payment of deferred purchase obligations and other deferred payments
negative 240,217,000 US dollars
Net (payments) proceeds associated with employee stock-based awards
negative 46,415,000 US dollars
Other, net
negative 7,831,000 US dollars
Operating adjustment reconciliation
949,497,000 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
14,937,240,000 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
1,981,128,000 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
negative 33,443,000 US dollars
Ending cash on Sep 30, 2025
195,210,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,196,912,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
39,494,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
14.21×. 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
840,001,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
1,755,383,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 915,382,000 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 $780.87M 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: 840,001,000 US dollars minus 1,755,383,000 US dollars equals negative 915,382,000 US dollars.
IRON MOUNTAIN INC (IRM) FY2025 YTD Q3 Statement of Cash Flows Sankey chart
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