IRON MOUNTAIN INC IRM Cash Flow

Iron mountain inc (IRM)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash Flows from Operating Activities:
Net income (loss)
64,892	37,104	108,284	92,475	30,452	158,557	65,744	85,678	45,152	7,771	24,324	81,122	58,507	49,525	7,800	-13,133	63,041	5,940	23,517	54,007	41,739	13,403	858	272,376	42,109	47,655	4,759	27,044	20,534	25,400	53,751	38,917	55,980	34,001	37,925	253,047	74,619	30,548	-150,817	41,752	25,839	61,746	43,177	87,512	26,944
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
0	0	0	128	-24	0	-11,605	-360	-462	-2,870	-1,058	-2,026	-337	-275	2,041	1,587	0	-	-	-	-	729	0	-326	-612	-684	-571	-98	2,184	-1,074	32	-639	-5,093	-13,740	-19,380	-7,762	-6,557	-26,548	-178,307	-7,176	-7,386	-	-	-	-
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Depreciation
113,700	119,838	108,152	113,722	114,611	114,817	112,990	111,501	113,432	103,803	100,573	102,315	99,592	98,246	98,360	93,530	75,390	74,722	75,482	76,224	74,791	76,681	76,759	76,404	74,713	72,178	70,764	69,819	70,095	70,350	70,493	69,606	70,149	75,665	69,815	71,820	73,338	69,322	70,929	69,213	69,296	43,052	72,403	70,054	67,552
Amortization (includes amortization of deferred financing costs and discounts of $4,513 and $4,108 for the three months ended March 31, 2020 and 2019, respectively)
53,397	58,442	53,487	54,709	51,980	54,240	48,764	48,746	50,699	40,312	31,969	29,752	29,022	31,094	29,899	24,395	14,563	13,556	13,093	13,593	13,252	14,368	14,269	14,332	13,626	13,046	10,404	10,973	12,016	11,359	12,128	9,606	9,601	9,697	8,752	8,479	8,251	7,907	7,644	7,612	7,639	-935	10,306	9,903	9,968
Intangible impairments
23,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue reduction associated with amortization of customer inducements and above- and below-market leases
2,682	3,286	3,239	3,533	3,645	3,851	4,505	4,261	3,664	2,626	2,721	2,748	3,158	3,170	2,947	3,157	2,943	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
6,527	7,514	7,120	12,501	8,519	7,815	7,279	8,689	7,384	7,166	7,761	8,543	6,549	7,106	5,957	9,028	6,885	6,649	6,159	7,921	6,856	6,495	8,671	7,317	7,141	7,338	9,423	7,883	5,710	9,561	4,682	6,317	9,800	4,808	4,403	3,600	4,439	4,144	4,013	5,203	3,914	1,223	4,851	4,877	4,259
(Benefit) provision for deferred income taxes
-107	-3,267	-110	1,330	1,423	-1,540	-1,958	-354	-387	-11,136	-18,683	-2,150	-7,386	-28,172	-12,294	-3,890	-6,012	2,844	-1,229	-5,815	-3,273	-12,379	-16,298	-219,796	-22,317	-160,759	40,734	23,596	-3,003	-33,947	-4,555	-28,885	-9,814	-10,706	11,719	10,279	-7,903	-5,040	40,021	10,148	-7,463	-12,221	27,131	-633	16,058
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,843	850	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Assets and Asset Impairment Charges
1,055	46,737	9,284	8,405	-602	72,070	388	546	1,130	-1,766	294	1,779	459	-592	413	626	451	-2,293	1,200	-515	-333	1,229	-196	107	8,307	-958	173	1,663	539	-5,915	1,627	607	-719	-59	1,661	220	464	452	9,379	139	1,017	-225	-705	-742	1,504
Foreign currency transactions and other, net
44,849	-55,121	17,778	19,212	-11,707	15,124	1,768	23,033	-23,530	-14,882	-12,113	-24,294	786	-1,665	-9,581	-16,855	11,477	-5,215	-41,769	10,004	-7,241	-1,004	-45,869	9,270	-693	-19,885	-3,898	-28,680	-11,185	-2,601	-1,914	-8,269	1,020	-13,004	-17,455	-2,273	8,434	2,131	2,528	-5,244	-17,458	494	1,385	34,475	-23,664
(Increase) decrease in assets
45,594	-29,525	-28,917	19,900	33,138	11,807	-30,482	-20,155	74,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in liabilities
-47,178	57,684	-63,613	82,039	-72,758	72,267	-45,523	46,781	-76,354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Flows from Operating Activities - Continuing Operations
125,415	318,510	218,414	312,664	117,067	311,006	231,732	302,238	91,568	201,969	200,250	199,866	122,174	122,264	213,347	124,487	81,118	-	-	-	-	-	-	-	-	172,964	120,681	107,213	105,735	131,999	94,798	137,796	79,059	212,364	209,937	130,795	110,418	172,518	160,374	143,930	126,407	-	-	-	-
Cash Flows from Operating Activities - Discontinued Operations
0	0	0	0	0	0	-518	-477	0	130	-1,058	-2,026	-337	-961	2,495	1,145	0	-	-	-	-	-	-	-	-	0	0	83	870	0	-6,251	-490	-4,175	-7,884	-42,036	-7,075	8,919	7,586	16,564	-6,999	4,760	-	-	-	-
Cash Flows from Operating Activities
125,415	318,510	218,414	312,664	117,067	311,006	231,214	301,761	91,568	202,099	199,192	197,840	121,837	121,303	215,842	125,632	81,118	221,665	140,357	174,226	5,512	171,096	106,251	139,960	55,641	172,964	120,681	107,296	106,605	131,999	88,547	137,306	74,884	204,480	167,901	123,720	119,337	180,104	176,938	136,931	131,167	183,021	185,599	120,799	127,492
Cash Flows from Investing Activities:
Payments to Acquire Property, Plant, and Equipment
97,144	159,369	166,483	182,366	184,765	130,109	112,352	121,996	95,605	99,385	78,539	92,005	73,202	82,574	82,364	82,813	80,852	87,668	63,225	64,580	74,776	84,538	88,641	80,889	107,856	82,423	46,632	62,822	95,418	75,221	58,101	51,445	55,916	61,056	48,915	46,976	52,208	68,907	58,875	52,636	78,431	71,904	82,137	61,955	71,921
Payments to Acquire Businesses, Net of Cash Acquired
118,069	1,738	11,848	5,228	39,423	47,546	44,142	237,895	1,428,974	25,577	155,905	26,036	12,187	15,594	-182	257,213	19,340	85,583	6,261	15,283	6,431	81,727	0	15,585	30,781	194,419	69,889	52,866	-74	18,913	-1,069	98,472	8,818	74	0	40,467	34,705	619	1,458	4,682	7,082	-445	515	16	1,432
Increase (Decrease) in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-20,000	-13,860	0	0	0	0	247	0	0	1	-3,000	0	1,500	2	1	1	1	2	0	0	0	35,102	-	-	-	-
Acquisition of customer relationships
1,734	3,115	9,615	9,441	23,934	24,748	15,446	10,781	12,602	11,570	22,519	3,905	17,132	6,805	14,432	4,192	6,132	12,403	4,693	10,653	4,862	-10,773	8,637	9,052	8,158	-5,530	8,312	3,625	4,636	15,495	5,233	5,136	3,008	4,834	5,792	8,184	2,893	3,160	4,573	3,047	2,422	3,589	2,713	2,092	2,347
Customer inducements
0	1,942	1,588	-13,381	19,222	2,690	2,171	4,041	130	-13,331	5,858	3,202	4,271	3,106	9,677	5,296	1,126	7,545	6,263	4,311	4,381	-	-	-	-	-	-	-	-	-	-	-	-	0	-123	408	50	-	-	-	-	-	-	-	-
Contract fulfillment costs and third-party commissions
-11,142	-13,081	-11,744	-10,185	-41,161	-7,688	-8,711	-4,495	-5,314	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from divestments (see Note 13)
-	-	-	-	-	-	-	-	-	26,813	0	0	2,423	-23,296	0	53,950	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of property and equipment and other, net
1,246	83,995	35,316	46,727	105	85,446	506	19,594	-19,387	400	390	8,481	66	5,780	1,826	202	169	240	1,227	395	410	26,179	699	-284	17,892	-318	-497	3,416	-517	-274	-131	9	1,853	87	4,115	-137	166	4,547	7,028	6,729	4,232	3,113	-360	293	1,545
Cash Flows from Investing Activities - Continuing Operations
-231,171	-95,250	-165,962	-163,517	-311,217	-127,335	-181,297	-359,484	-1,562,012	-116,047	-262,431	-116,667	-104,303	-125,595	-104,465	-295,362	-107,281	-	-	-	-	-	-	-	-	-291,025	-125,330	-115,897	-100,498	-106,903	-64,726	-156,544	-65,891	-65,878	-50,470	-96,173	-89,692	-68,139	-57,878	-53,636	-118,805	-	-	-	-
Cash Flows from Investing Activities - Discontinued Operations
0	0	0	5,061	0	8,250	0	0	0	0	0	0	0	96,724	-102	90	0	-	-	-	-	-	-	-	-	0	-4,919	-8	-10	0	0	-4,995	-1,141	9,618	-5,249	385,651	-9,299	-11,975	-4,110	-3,388	-114,739	-	-	-	-
Cash Flows from Investing Activities
-231,171	-95,250	-165,962	-158,456	-311,217	-119,085	-181,297	-359,484	-1,562,012	-116,047	-262,431	-116,667	-104,303	-28,871	-104,567	-295,272	-107,281	-226,819	-79,215	-74,432	-76,180	-148,686	-96,579	-105,810	-128,903	-291,025	-130,249	-115,905	-100,508	-106,903	-64,726	-161,539	-67,032	-56,260	-55,719	289,478	-98,991	-80,114	-61,988	-57,024	-233,544	-100,416	-85,725	-63,770	-74,155
Cash Flows from Financing Activities:
Repayment of revolving credit facility, term loan facilities and other debt
2,581,771	1,844,424	10,087,769	1,251,680	1,351,242	2,965,968	3,349,375	3,466,140	4,410,656	4,767,535	3,910,744	3,069,068	2,682,348	3,291,055	4,173,271	5,002,899	2,384,215	2,257,296	3,624,532	2,632,784	2,282,261	599,148	2,917,717	2,853,155	2,454,691	2,079,130	2,460,376	631,799	355,367	41,217	1,034,782	1,133,155	635,539	76,433	347,036	1,165,157	428,548	11,909	24,226	46,828	18,921	105,785	77,629	38,015	61,889
Proceeds from revolving credit facility, term loan facilities and other debt
2,850,451	1,803,542	9,258,169	1,274,645	1,723,462	2,914,597	3,492,601	3,447,925	5,496,491	4,050,295	4,372,635	2,779,342	2,714,783	3,116,999	4,240,584	4,676,960	2,509,845	2,783,266	3,067,408	2,624,632	2,450,403	1,223,440	2,357,178	2,828,522	2,876,047	2,216,363	2,345,448	713,433	386,506	93,651	749,270	1,187,159	701,105	113,144	381,766	1,068,651	607,418	10,963	3,347	32,407	6,850	15,319	3,051	13,365	2,209
Early retirement of senior subordinated and senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319,077	0	0	247,275	-	-	-	-	-	-	-	-	0	0	0	231,255	-	-	-	-	-	-	-	-
Debt financing and equity contribution from noncontrolling interests
-	-	-	-	-	-	-	-	-	0	0	0	13,230	0	0	0	1,299	7,590	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt repayment and equity distribution to noncontrolling interests
1,194	460	465	501	498	488	956	518	561	550	522	517	2,562	460	462	429	414	756	430	442	388	31,285	-12,632	234	-2,317	-19,302	192	680	194	64	31	194	191	167	51	349	131	117	117	31	-96	270	264	185	345
Stock repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	38,052	436,498	287,485	250,000	10,970	17,870	43,129	40,928	9,636	-	-	-	-
Parent cash dividends
181,302	175,618	175,551	175,334	178,023	168,232	168,351	168,046	169,006	147,019	145,587	145,333	2,060	145,409	127,866	127,665	104,931	102,796	100,483	100,690	102,539	385,280	52,157	52,126	52,735	51,771	51,718	51,647	51,662	186,538	46,336	42,791	43,180	46,877	50,695	37,530	37,514	-	-	-	-	-	-	-	-
Net proceeds associated with the Over-Allotment Option
-	-	-	-	-	-	0	0	76,192	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds (payments) associated with employee stock-based awards
4,610	-	-	-	5,963	-	-	-	-5,950	6,480	5,805	5,118	-4,308	5,548	7,733	20,616	-1,975	-6,839	4,534	5,090	4,364	6,934	19,538	15,401	2,417	2,938	-171	9,892	5,005	17,916	11,299	9,708	1,321	3,855	12,386	60,337	9,164	5,785	3,266	5,324	3,850	4,135	9,115	8,303	2,680
Payment of debt financing and stock issuance costs and other
7,816	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds associated with the At the Market (ATM) Program
-	-	-	-	-	-	0	0	8,716	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	377	-348	4	63	29	231	-100	106	119	-185	-110	105	689	1,705	736	55	64	190	341	521	-960	1,017	339	629	671	613	250	2,799	1,938	545
Payment of debt financing and stock issuance costs
-	-	-	-	-	448	2,572	3,411	9,974	2,108	12,141	471	73	1,496	5,075	12,032	0	2,496	10,551	167	947	1,690	1,727	7	422	619	7,376	242	469	82	2,086	0	93	-	-	-	-	-	-	-	3	-	-	-	-
Cash Flows from Financing Activities - Continuing Operations
73,758	-218,858	-19,217	-148,634	187,736	-218,881	-29,194	-186,499	985,252	498,945	103,064	-98,246	36,662	-	-	-	-	-	-	-	-	-	-	-	-	68,369	-76,723	41,006	-14,088	-115,470	136,617	21,179	-14,057	-442,451	102,865	-332,527	-90,557	-25,107	-275,221	-62,040	-17,343	-	-	-	-
Cash Flows from Financing Activities - Discontinued Operations
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-39	-723	-4	-457	46	-1,083	-636	8	188	-	-	-	-
Cash Flows from Financing Activities
73,758	-218,858	-19,217	-148,634	187,736	-218,881	-29,194	-186,499	985,252	498,945	103,064	-98,246	36,662	-315,964	128,398	293,678	19,261	-394,051	321,009	-104,332	68,863	-74,976	35,006	-61,012	120,839	68,369	-76,723	41,006	-14,088	-115,470	136,617	21,179	-14,096	-443,174	102,861	-332,984	-90,511	-26,190	-275,857	-62,032	-17,155	-87,465	28,204	-14,321	-56,110
Effect of Exchange Rates on Cash and Cash Equivalents
-8,873	2,375	-8,453	-5,053	2,404	-5,231	-11,239	-10,077	1,984	2,816	7,042	12,464	4,948	1,888	-18,534	-4,994	-3,534	827	-6,350	2,031	-4,523	-5,489	-6,033	2,299	1,803	-1,813	-544	-3,530	-5,425	-794	3,915	-5,009	4,692	-6,080	-5,588	1,393	1,289	720	4,601	-2,818	-1,702	2,253	5,129	1,517	-3,766
(Decrease) increase in Cash and Cash Equivalents
-40,871	6,777	24,782	521	-4,010	-32,191	9,484	-254,299	-483,208	587,813	46,867	-4,609	59,144	-221,644	221,139	119,044	-10,436	-398,378	375,801	-2,507	-6,328	-58,055	38,645	-24,563	49,380	-51,505	-86,835	28,867	-13,416	-91,168	164,353	-8,063	-1,552	-301,034	209,455	81,607	-68,876	74,520	-156,306	15,057	-121,234	-2,607	133,207	44,225	-6,539
Supplemental Information:
Cash Paid for Interest
157,541	52,845	140,537	64,935	136,667	65,454	137,182	63,777	122,027	59,111	132,054	78,281	99,022	70,352	90,419	52,409	83,942	40,952	89,345	39,179	90,339	46,829	83,841	40,697	86,232	46,569	73,248	57,946	65,617	56,458	61,003	58,392	56,083	40,609	54,884	42,534	65,008	40,107	73,158	39,486	73,712	40,999	64,915	59,148	51,611
Cash Paid for Income Taxes, Net
14,004	7,245	16,144	23,161	15,141	15,432	15,203	11,566	22,292	36,782	11,794	25,500	30,422	20,090	21,643	31,344	-3,211	9,029	10,260	12,591	10,560	43,197	46,357	67,936	9,958	37,470	29,268	49,873	9,013	76,701	68,076	45,770	38,060	23,318	56,079	48,026	20,575	34,721	37,682	57,459	9,210	34,195	17,293	21,979	13,595
Non-Cash Investing and Financing Activities:
Financing Leases (see Note 2.e.)
13,061	12,043	7,037	6,139	7,523	27,455	22,233	20,383	13,877	43,727	65,733	32,988	24,395	28,884	11,614	16,378	18,005	21,485	7,117	16,892	4,589	5,203	9,765	11,321	-2,183	-421	18,812	9,951	20,146	22,803	18,585	10,631	2,499	5,028	8,858	10,165	6,039	5,418	3,673	7,881	13,395	29,530	12,994	15,931	13,665
Accrued Capital Expenditures
60,761	4,016	12,175	-9,670	75,824	24,081	10,742	12,560	36,760	21,013	-29,690	16,120	63,655	14,791	7,099	-1,404	42,205	22,220	-1,490	-13,219	44,335	17,045	-6,158	532	36,110	48,734	9,528	-5,551	26,442	33,033	-4,610	1,525	21,166	23,555	3,083	-4,037	21,095	15,321	2,997	-6,298	29,202	25,590	231	2,280	25,600
Fair Value of Investments Applied to Acquisitions (see Note 4)
27,276	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Consideration Transferred, Accrued Purchase Price and Other Holdbacks
0	0	1,741	1,352	1,042	7,299	1,830	25,940	149	20,093	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in Assets and Liabilities (exclusive of acquisitions):
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	8,971	-	8,742	-9,897	8,151	-6,888	-6,153	-1,506	-3,437	-9,474	-3,225	3,377	9,209	-4,686	16,622	13,635	7,610	-4,415	-2,082	15,630	8,831	2,463	-17,674	13,152	22,858	-11,326	4,209	-4,914	238	-19,613	-9,527	16,950	27,087
Increase (Decrease) in Prepaid Expense and Other Assets
-	-	-	-	-	-	-	-	-	-	-	-	24,826	-	-40,378	71,317	-30,297	-2,484	1,305	-2,028	-1,964	-23,632	-14,408	20,540	-31,441	-108,903	45,867	46,446	-31,712	39,927	42,416	-37,573	13,630	-9,083	-6,691	23,632	-13,157	205	16,756	-13,840	5,690	18,887	604	-5,800	8,361
Increase (Decrease) in Accounts Payable
-	-	-	-	-	-	-	-	-	-	-	-	5,869	-	304	-8,443	-30,934	41,994	-1,158	-4,824	-17,995	44,177	-10,682	-9,557	-7,068	4,996	12,334	-21,394	28,232	11,912	-8,575	-1,610	-2,433	5,359	-1,315	8,444	-5,419	2,400	14,467	-3,195	-14,219	15,793	11,589	-4,716	-12,486
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-36,112	-	31,045	64,002	-55,494	28,069	-24,447	40,371	-121,462	-24,325	-32,658	32,772	-77,216	49,794	-16,576	20,163	-58,501	65,616	-4,418	11,726	-36,629	57,898	-14,846	-2,679	-24,744	18,818	-48,434	-20,992	12,536	23,549	1,823	-3,094	22,922
Increase (Decrease) in Other Operating Assets and Liabilities, Net
-	-	-	-	-	-	-	-	-	-	-	-	2,320	-	3,434	6,664	-518	5,808	-1,367	1,296	1,371	7,686	-1,634	920	-9,423	-3,600	-3,714	-2,095	1,912	2,330	-743	10	-74	1,422	1,644	3,720	-729	76	1,176	-3,154	-10,966	-7,878	-3,045	-1,779	-5,563
Unsettled Purchases of Parent Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,782	2,632	1,120	-	-	-	-