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

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