Iron Mountain Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	144.59	180.16	184.23	556.98	450.22
Depreciation & Amortization	924.65	829.3	720.88	676.99	641.01
Other Amortization	138.7	102.54	79.18	76.77	64.82
Gain (Loss) on Sale of Assets	24.64	6.2	-12.83	12.56	-351.02
Gain (Loss) on Sale of Investments	-	-	38	-35.82	-
Stock-Based Compensation	140.28	118.14	73.8	56.86	61
Change in Other Net Operating Assets	-60.55	-72.4	-40.59	-252.44	-131.67
Other Operating Activities	27.68	32.78	70.9	-164.21	24.55
Operating Cash Flow	1,340	1,197	1,114	927.7	758.9
Operating Cash Flow Growth	11.97%	7.47%	20.04%	22.24%	-23.16%
Acquisition of Real Estate Assets	-2,272	-1,792	-1,339	-875.38	-611.08
Sale of Real Estate Assets	13.64	17.98	53.54	170.42	278.33
Net Sale / Acq. of Real Estate Assets	-2,258	-1,774	-1,286	-704.96	-332.75
Cash Acquisition	-101.63	-178.41	-41.85	-803.69	-204
Investment in Marketable & Equity Securities	-43.18	-9.83	-15.83	-73.23	-78.62
Investing Cash Flow	-2,574	-2,137	-1,444	-1,660	-473.31
Long-Term Debt Issued	18,400	16,153	19,376	12,950	5,710
Long-Term Debt Repaid	-16,003	-14,473	-18,192	-11,593	-5,164
Net Debt Issued (Repaid)	2,397	1,680	1,184	1,356	545.54
Issuance of Common Stock	-	-	-	-	25.86
Common Dividends Paid	-919.39	-789.53	-737.65	-724.39	-718.34
Other Financing Activities	-209.78	-13.72	-20.93	7.28	-73.87
Foreign Exchange Rate Adjustments	-30.89	-3.77	-13.89	-20.51	-14.02
Net Cash Flow	2.82	-67.07	80.99	-114.03	50.77
Cash Interest Paid	824.59	770.69	512.45	482.67	428.11
Cash Income Tax Paid	121.61	90.74	89.6	99.63	130.29
Levered Free Cash Flow	-1,168	-408.3	-71.56	72.26	158.58
Unlevered Free Cash Flow	-671.77	26.26	285.58	364.4	407.84
Change in Working Capital	-60.55	-72.4	-40.59	-252.44	-131.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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