Iron Mountain Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	159.25	180.16	184.23	556.98	450.22	342.69	Upgrade
Depreciation & Amortization	910.28	829.3	720.88	676.99	641.01	624.6	Upgrade
Other Amortization	108.05	102.54	79.18	76.77	64.82	54.73	Upgrade
Gain (Loss) on Sale of Assets	5.9	6.2	-12.83	12.56	-351.02	-363.54	Upgrade
Gain (Loss) on Sale of Investments	-	-	38	-35.82	-	-	Upgrade
Asset Writedown	-	-	-	-	-	23	Upgrade
Stock-Based Compensation	163.24	118.14	73.8	56.86	61	37.67	Upgrade
Change in Other Net Operating Assets	-50.48	-72.4	-40.59	-252.44	-131.67	134.35	Upgrade
Other Operating Activities	-24.65	32.78	70.9	-164.21	24.55	134.15	Upgrade
Operating Cash Flow	1,272	1,197	1,114	927.7	758.9	987.66	Upgrade
Operating Cash Flow Growth	4.89%	7.47%	20.04%	22.24%	-23.16%	2.17%	Upgrade
Acquisition of Real Estate Assets	-2,373	-1,792	-1,339	-875.38	-611.08	-438.26	Upgrade
Sale of Real Estate Assets	24.5	17.98	53.54	170.42	278.33	564.66	Upgrade
Net Sale / Acq. of Real Estate Assets	-2,348	-1,774	-1,286	-704.96	-332.75	126.4	Upgrade
Cash Acquisition	-105.59	-178.41	-41.85	-803.69	-204	-118.58	Upgrade
Investment in Marketable & Equity Securities	-43.31	-9.83	-15.83	-73.23	-78.62	-18.25	Upgrade
Investing Cash Flow	-2,663	-2,137	-1,444	-1,660	-473.31	-85.44	Upgrade
Long-Term Debt Issued	-	16,153	19,376	12,950	5,710	11,404	Upgrade
Long-Term Debt Repaid	-	-14,473	-18,192	-11,593	-5,164	-11,547	Upgrade
Net Debt Issued (Repaid)	2,596	1,680	1,184	1,356	545.54	-142.49	Upgrade
Issuance of Common Stock	-	-	-	-	25.86	0.32	Upgrade
Common Dividends Paid	-897.24	-789.53	-737.65	-724.39	-718.34	-716.29	Upgrade
Other Financing Activities	-260.05	-13.72	-20.93	7.28	-73.87	-28.24	Upgrade
Foreign Exchange Rate Adjustments	-20.43	-3.77	-13.89	-20.51	-14.02	-4.01	Upgrade
Net Cash Flow	26.7	-67.07	80.99	-114.03	50.77	11.51	Upgrade
Cash Interest Paid	837.9	770.69	512.45	482.67	428.11	390.33	Upgrade
Cash Income Tax Paid	112.44	90.74	89.6	99.63	130.29	43.47	Upgrade
Levered Free Cash Flow	-1,208	-408.3	-71.56	72.26	158.58	628.16	Upgrade
Unlevered Free Cash Flow	-720.59	26.26	285.58	364.4	407.84	877.56	Upgrade
Change in Working Capital	-50.48	-72.4	-40.59	-252.44	-131.67	134.35	Upgrade

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.