Iron Mountain Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $152.3M | $183.7M | $187.3M | $562.1M | $452.7M | $343.1M | $268.3M | $355.1M |
| Depreciation & Amortization | $1.02B | $900.9M | $776.2M | $727.6M | $680.4M | $652.1M | $658.2M | $639.5M |
| Depreciation | $730.9M | $629.3M | $525.9M | $479.0M | $465.1M | $447.6M | $456.3M | $452.7M |
| Amortization | — | — | $250.3M | $248.6M | $215.4M | $204.5M | $201.9M | $186.8M |
| Stock-Based Compensation | $140.3M | $118.1M | $73.8M | $56.9M | $61.0M | $37.7M | $35.7M | $31.2M |
| Net Cash from Operating Activities | $1.34B | $1.20B | $1.11B | $927.7M | $758.9M | $987.7M | $966.7M | $935.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.27B | $1.79B | $1.34B | $875.4M | $611.1M | $438.3M | $693.0M | $460.1M |
| Business Acquisitions | $101.6M | $178.4M | $41.8M | $803.7M | $204.0M | $118.6M | $58.2M | $1.76B |
| Net Cash from Investing Activities | $-2.57B | $-2.14B | $-1.44B | $-1.66B | $-473.3M | $-85.4M | $-730.9M | $-2.22B |
| Financing Activities | ||||||||
| Dividends Paid | $919.4M | $789.5M | $737.7M | $724.4M | $718.3M | $716.3M | $704.5M | $673.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.27B | $876.7M | $425.7M | $639.2M | $-220.8M | $-886.7M | $-199.0M | $550.7M |
| Net Change in Cash | $2.8M | $-67.1M | $81.0M | $-114.0M | $50.8M | $11.5M | $28.1M | $-760.2M |
| Free Cash Flow | $-931.6M | $-594.9M | $-225.7M | $52.3M | $147.8M | $549.4M | $273.7M | $475.5M |