Attached files
file | filename |
---|---|
8-K - 8-K - IRON MOUNTAIN INC | a13-17913_18k.htm |
EX-10.1 - EX-10.1 - IRON MOUNTAIN INC | a13-17913_1ex10d1.htm |
Exhibit 99.1
IRON MOUNTAIN INCORPORATED
Index
|
Page |
|
|
Selected Consolidating Unaudited Pro Forma Information of Parent, Guarantors, Canada Company and Non-Guarantors |
|
|
|
Consolidating Pro Forma Balance Sheets at December 31, 2012 and June 30, 2013 (Unaudited) |
2 |
|
|
Consolidating Pro Forma Statements of Operations for the Year Ended December 31, 2012 and Six Months Ended June 30, 2013 (Unaudited) |
4 |
|
|
Consolidating Pro Forma Statements of Cash Flows for the Year Ended December 31, 2012 and Six Months Ended June 30, 2013 (Unaudited) |
6 |
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA BALANCE SHEET
(Unaudited)
|
|
December 31, 2012 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash and Cash Equivalents |
|
$ |
|
|
$ |
13,472 |
|
$ |
103,346 |
|
$ |
126,597 |
|
$ |
|
|
$ |
243,415 |
|
Restricted Cash |
|
33,612 |
|
|
|
|
|
|
|
|
|
33,612 |
| ||||||
Accounts Receivable |
|
|
|
338,455 |
|
45,623 |
|
188,122 |
|
|
|
572,200 |
| ||||||
Intercompany Receivable |
|
1,055,593 |
|
|
|
|
|
|
|
(1,055,593 |
) |
|
| ||||||
Other Current Assets |
|
48 |
|
121,933 |
|
6,871 |
|
46,078 |
|
(65 |
) |
174,865 |
| ||||||
Total Current Assets |
|
1,089,253 |
|
473,860 |
|
155,840 |
|
360,797 |
|
(1,055,658 |
) |
1,024,092 |
| ||||||
Property, Plant and Equipment, Net |
|
1,305 |
|
1,500,309 |
|
187,286 |
|
788,827 |
|
|
|
2,477,727 |
| ||||||
Other Assets, Net: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Long-term Notes Receivable from Affiliates and Intercompany Receivable |
|
1,070,930 |
|
1,000 |
|
2,855 |
|
|
|
(1,074,785 |
) |
|
| ||||||
Investment in Subsidiaries |
|
1,941,540 |
|
1,688,000 |
|
29,831 |
|
303,164 |
|
(3,962,535 |
) |
|
| ||||||
Goodwill |
|
|
|
1,536,964 |
|
200,250 |
|
597,545 |
|
|
|
2,334,759 |
| ||||||
Other |
|
37,909 |
|
261,950 |
|
10,686 |
|
211,330 |
|
(114 |
) |
521,761 |
| ||||||
Total Other Assets, Net |
|
3,050,379 |
|
3,487,914 |
|
243,622 |
|
1,112,039 |
|
(5,037,434 |
) |
2,856,520 |
| ||||||
Total Assets |
|
$ |
4,140,937 |
|
$ |
5,462,083 |
|
$ |
586,748 |
|
$ |
2,261,663 |
|
$ |
(6,093,092 |
) |
$ |
6,358,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Intercompany Payable |
|
$ |
|
|
$ |
942,547 |
|
$ |
3,310 |
|
$ |
109,736 |
|
$ |
(1,055,593 |
) |
$ |
|
|
Current Portion of Long-term Debt |
|
|
|
70,870 |
|
|
|
22,082 |
|
(65 |
) |
92,887 |
| ||||||
Total Other Current Liabilities |
|
111,536 |
|
469,249 |
|
26,836 |
|
204,445 |
|
|
|
812,066 |
| ||||||
Long-term Debt, Net of Current Portion |
|
2,876,317 |
|
568,205 |
|
183,505 |
|
104,089 |
|
|
|
3,732,116 |
| ||||||
Long-term Notes Payable to Affiliates and Intercompany Payable |
|
1,000 |
|
1,066,823 |
|
|
|
6,962 |
|
(1,074,785 |
) |
|
| ||||||
Other Long-term Liabilities |
|
2,113 |
|
417,972 |
|
40,102 |
|
98,749 |
|
(114 |
) |
558,822 |
| ||||||
Commitments and Contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Total Iron Mountain Incorporated Stockholders Equity |
|
1,149,971 |
|
1,926,417 |
|
332,995 |
|
1,703,123 |
|
(3,962,535 |
) |
1,149,971 |
| ||||||
Noncontrolling Interests |
|
|
|
|
|
|
|
12,477 |
|
|
|
12,477 |
| ||||||
Total Equity |
|
1,149,971 |
|
1,926,417 |
|
332,995 |
|
1,715,600 |
|
(3,962,535 |
) |
1,162,448 |
| ||||||
Total Liabilities and Equity |
|
$ |
4,140,937 |
|
$ |
5,462,083 |
|
$ |
586,748 |
|
$ |
2,261,663 |
|
$ |
(6,093,092 |
) |
$ |
6,358,339 |
|
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA BALANCE SHEET
(Unaudited)
|
|
June 30, 2013 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash and Cash Equivalents |
|
$ |
|
|
$ |
4,152 |
|
$ |
107,587 |
|
$ |
147,127 |
|
$ |
|
|
$ |
258,866 |
|
Restricted Cash |
|
33,613 |
|
|
|
|
|
|
|
|
|
33,613 |
| ||||||
Accounts Receivable |
|
|
|
346,133 |
|
46,527 |
|
188,821 |
|
|
|
581,481 |
| ||||||
Intercompany Receivable |
|
892,125 |
|
|
|
|
|
|
|
(892,125 |
) |
|
| ||||||
Other Current Assets |
|
1,512 |
|
123,934 |
|
4,088 |
|
42,534 |
|
(46 |
) |
172,022 |
| ||||||
Total Current Assets |
|
927,250 |
|
474,219 |
|
158,202 |
|
378,482 |
|
(892,171 |
) |
1,045,982 |
| ||||||
Property, Plant and Equipment, Net |
|
1,209 |
|
1,512,925 |
|
176,431 |
|
761,744 |
|
|
|
2,452,309 |
| ||||||
Other Assets, Net: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Long-term Notes Receivable from Affiliates and Intercompany Receivable |
|
1,175,843 |
|
1,000 |
|
2,699 |
|
|
|
(1,179,542 |
) |
|
| ||||||
Investment in Subsidiaries |
|
1,912,854 |
|
1,657,184 |
|
28,705 |
|
298,251 |
|
(3,896,994 |
) |
|
| ||||||
Goodwill |
|
|
|
1,546,977 |
|
189,391 |
|
580,789 |
|
|
|
2,317,157 |
| ||||||
Other |
|
34,948 |
|
269,523 |
|
9,559 |
|
205,455 |
|
(114 |
) |
519,371 |
| ||||||
Total Other Assets, Net |
|
3,123,645 |
|
3,474,684 |
|
230,354 |
|
1,084,495 |
|
(5,076,650 |
) |
2,836,528 |
| ||||||
Total Assets |
|
$ |
4,052,104 |
|
$ |
5,461,828 |
|
$ |
564,987 |
|
$ |
2,224,721 |
|
$ |
(5,968,821 |
) |
$ |
6,334,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Liabilities and Equity |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Intercompany Payable |
|
$ |
|
|
$ |
777,743 |
|
$ |
3,644 |
|
$ |
110,738 |
|
$ |
(892,125 |
) |
$ |
|
|
Current Portion of Long-term Debt |
|
228,180 |
|
77,808 |
|
|
|
18,740 |
|
(46 |
) |
324,682 |
| ||||||
Total Other Current Liabilities |
|
110,931 |
|
442,275 |
|
26,110 |
|
168,927 |
|
|
|
748,243 |
| ||||||
Long-term Debt, Net of Current Portion |
|
2,628,790 |
|
676,565 |
|
173,569 |
|
135,094 |
|
|
|
3,614,018 |
| ||||||
Long-term Notes Payable to Affiliates and Intercompany Payable |
|
1,000 |
|
1,172,374 |
|
|
|
6,168 |
|
(1,179,542 |
) |
|
| ||||||
Other Long-term Liabilities |
|
2,930 |
|
419,462 |
|
34,708 |
|
97,351 |
|
(114 |
) |
554,337 |
| ||||||
Commitments and Contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Total Iron Mountain Incorporated Stockholders Equity |
|
1,080,273 |
|
1,895,601 |
|
326,956 |
|
1,674,437 |
|
(3,896,994 |
) |
1,080,273 |
| ||||||
Noncontrolling Interests |
|
|
|
|
|
|
|
13,266 |
|
|
|
13,266 |
| ||||||
Total Equity |
|
1,080,273 |
|
1,895,601 |
|
326,956 |
|
1,687,703 |
|
(3,896,994 |
) |
1,093,539 |
| ||||||
Total Liabilities and Equity |
|
$ |
4,052,104 |
|
$ |
5,461,828 |
|
$ |
564,987 |
|
$ |
2,224,721 |
|
$ |
(5,968,821 |
) |
$ |
6,334,819 |
|
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS
(Unaudited)
|
|
Year Ended December 31, 2012 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Storage Rental |
|
$ |
|
|
$ |
1,156,681 |
|
$ |
130,825 |
|
$ |
445,632 |
|
$ |
|
|
$ |
1,733,138 |
|
Service |
|
|
|
784,068 |
|
|
|
488,049 |
|
|
|
1,272,117 |
| ||||||
Total Revenues |
|
|
|
1,940,749 |
|
130,825 |
|
933,681 |
|
|
|
3,005,255 |
| ||||||
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cost of Sales (Excluding Depreciation and Amortization) |
|
|
|
761,092 |
|
27,881 |
|
488,140 |
|
|
|
1,277,113 |
| ||||||
Selling, General and Administrative |
|
220 |
|
591,092 |
|
17,741 |
|
241,318 |
|
|
|
850,371 |
| ||||||
Depreciation and Amortization |
|
320 |
|
192,304 |
|
12,797 |
|
110,923 |
|
|
|
316,344 |
| ||||||
(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net |
|
|
|
(966 |
) |
84 |
|
5,282 |
|
|
|
4,400 |
| ||||||
Total Operating Expenses |
|
540 |
|
1,543,522 |
|
58,503 |
|
845,663 |
|
|
|
2,448,228 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Operating (Loss) Income |
|
(540 |
) |
397,227 |
|
72,322 |
|
88,018 |
|
|
|
557,027 |
| ||||||
Interest Expense (Income), Net |
|
196,423 |
|
(17,117 |
) |
36,114 |
|
27,179 |
|
|
|
242,599 |
| ||||||
Other Expense (Income), Net |
|
32,161 |
|
(3,842 |
) |
(37 |
) |
(12,220 |
) |
|
|
16,062 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes |
|
(229,124 |
) |
418,186 |
|
36,245 |
|
73,059 |
|
|
|
298,366 |
| ||||||
Provision (Benefit) for Income Taxes |
|
|
|
86,549 |
|
12,768 |
|
15,556 |
|
|
|
114,873 |
| ||||||
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax |
|
(400,832 |
) |
(73,625 |
) |
(5,273 |
) |
(23,477 |
) |
503,207 |
|
|
| ||||||
Income (Loss) from Continuing Operations |
|
171,708 |
|
405,262 |
|
28,750 |
|
80,980 |
|
(503,207 |
) |
183,493 |
| ||||||
Income (Loss) from Discontinued Operations, Net of Tax |
|
|
|
430 |
|
|
|
(7,204 |
) |
|
|
(6,774 |
) | ||||||
(Loss) Gain on Sale of Discontinued Operations, Net of Tax |
|
|
|
|
|
|
|
(1,885 |
) |
|
|
(1,885 |
) | ||||||
Net Income (Loss) |
|
171,708 |
|
405,692 |
|
28,750 |
|
71,891 |
|
(503,207 |
) |
174,834 |
| ||||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
3,126 |
|
|
|
3,126 |
| ||||||
Net Income (Loss) Attributable to Iron Mountain Incorporated |
|
$ |
171,708 |
|
$ |
405,692 |
|
$ |
28,750 |
|
$ |
68,765 |
|
$ |
(503,207 |
) |
$ |
171,708 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Net Income (Loss) |
|
$ |
171,708 |
|
$ |
405,692 |
|
$ |
28,750 |
|
$ |
71,891 |
|
$ |
(503,207 |
) |
$ |
174,834 |
|
Other Comprehensive Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Foreign Currency Translation Adjustments |
|
(2,668 |
) |
(212 |
) |
8,012 |
|
18,054 |
|
|
|
23,186 |
| ||||||
Equity in Other Comprehensive Income (Loss) of Subsidiaries |
|
25,185 |
|
25,421 |
|
|
|
8,012 |
|
(58,618 |
) |
|
| ||||||
Total Other Comprehensive Income (Loss) |
|
22,517 |
|
25,209 |
|
8,012 |
|
26,066 |
|
(58,618 |
) |
23,186 |
| ||||||
Comprehensive Income (Loss) |
|
194,225 |
|
430,901 |
|
36,762 |
|
97,957 |
|
(561,825 |
) |
198,020 |
| ||||||
Comprehensive Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
3,795 |
|
|
|
3,795 |
| ||||||
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated |
|
$ |
194,225 |
|
$ |
430,901 |
|
$ |
36,762 |
|
$ |
94,162 |
|
$ |
(561,825 |
) |
$ |
194,225 |
|
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS
(Unaudited)
|
|
Six Months Ended June 30, 2013 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Storage Rental |
|
$ |
|
|
$ |
584,447 |
|
$ |
65,799 |
|
$ |
233,794 |
|
$ |
|
|
$ |
884,040 |
|
Service |
|
|
|
379,354 |
|
|
|
238,358 |
|
|
|
617,712 |
| ||||||
Total Revenues |
|
|
|
963,801 |
|
65,799 |
|
472,152 |
|
|
|
1,501,752 |
| ||||||
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cost of Sales (Excluding Depreciation and Amortization) |
|
|
|
386,291 |
|
14,138 |
|
241,703 |
|
|
|
642,132 |
| ||||||
Selling, General and Administrative |
|
63 |
|
318,855 |
|
8,945 |
|
120,119 |
|
|
|
447,982 |
| ||||||
Depreciation and Amortization |
|
162 |
|
95,682 |
|
6,339 |
|
56,946 |
|
|
|
159,129 |
| ||||||
(Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net |
|
|
|
(488 |
) |
21 |
|
(1,735 |
) |
|
|
(2,202 |
) | ||||||
Total Operating Expenses |
|
225 |
|
800,340 |
|
29,443 |
|
417,033 |
|
|
|
1,247,041 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Operating (Loss) Income |
|
(225 |
) |
163,461 |
|
36,356 |
|
55,119 |
|
|
|
254,711 |
| ||||||
Interest Expense (Income), Net |
|
103,360 |
|
(12,122 |
) |
20,956 |
|
13,977 |
|
|
|
126,171 |
| ||||||
Other (Income) Expense, Net |
|
(29,204 |
) |
(1,252 |
) |
(46 |
) |
48,516 |
|
|
|
18,014 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes |
|
(74,381 |
) |
176,835 |
|
15,446 |
|
(7,374 |
) |
|
|
110,526 |
| ||||||
Provision (Benefit) for Income Taxes |
|
|
|
51,991 |
|
5,135 |
|
7,512 |
|
|
|
64,638 |
| ||||||
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax |
|
(120,331 |
) |
6,670 |
|
(3,603 |
) |
(10,311 |
) |
127,575 |
|
|
| ||||||
Income (Loss) from Continuing Operations |
|
45,950 |
|
118,174 |
|
13,914 |
|
(4,575 |
) |
(127,575 |
) |
45,888 |
| ||||||
Income (Loss) from Discontinued Operations, Net of Tax |
|
|
|
105 |
|
|
|
1,981 |
|
|
|
2,086 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Net Income (Loss) |
|
45,950 |
|
118,279 |
|
13,914 |
|
(2,594 |
) |
(127,575 |
) |
47,974 |
| ||||||
Less: Net Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
2,024 |
|
|
|
2,024 |
| ||||||
Net Income (Loss) Attributable to Iron Mountain Incorporated |
|
$ |
45,950 |
|
$ |
118,279 |
|
$ |
13,914 |
|
$ |
(4,618 |
) |
$ |
(127,575 |
) |
$ |
45,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Net Income (Loss) |
|
$ |
45,950 |
|
$ |
118,279 |
|
$ |
13,914 |
|
$ |
(2,594 |
) |
$ |
(127,575 |
) |
$ |
47,974 |
|
Other Comprehensive Income (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Foreign Currency Translation Adjustments |
|
1,277 |
|
965 |
|
(18,491 |
) |
(26,585 |
) |
|
|
(42,834 |
) | ||||||
Equity in Other Comprehensive (Loss) Income of Subsidiaries |
|
(43,288 |
) |
(44,075 |
) |
|
|
(18,491 |
) |
105,854 |
|
|
| ||||||
Total Other Comprehensive (Loss) Income |
|
(42,011 |
) |
(43,110 |
) |
(18,491 |
) |
(45,076 |
) |
105,854 |
|
(42,834 |
) | ||||||
Comprehensive Income (Loss) |
|
3,939 |
|
75,169 |
|
(4,577 |
) |
(47,670 |
) |
(21,721 |
) |
5,140 |
| ||||||
Comprehensive Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
1,201 |
|
|
|
1,201 |
| ||||||
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated |
|
$ |
3,939 |
|
$ |
75,169 |
|
$ |
(4,577 |
) |
$ |
(48,871 |
) |
$ |
(21,721 |
) |
$ |
3,939 |
|
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF CASH FLOWS
(Unaudited)
|
|
Year Ended December 31, 2012 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Cash Flows from Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash Flows from Operating Activities-Continuing Operations |
|
$ |
(195,478 |
) |
$ |
496,542 |
|
$ |
37,299 |
|
$ |
105,289 |
|
$ |
|
|
$ |
443,652 |
|
Cash Flows from Operating Activities-Discontinued Operations |
|
|
|
(8,814 |
) |
|
|
(2,102 |
) |
|
|
(10,916 |
) | ||||||
Cash Flows from Operating Activities |
|
(195,478 |
) |
487,728 |
|
37,299 |
|
103,187 |
|
|
|
432,736 |
| ||||||
Cash Flows from Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Capital expenditures |
|
|
|
(134,852 |
) |
(8,454 |
) |
(97,377 |
) |
|
|
(240,683 |
) | ||||||
Cash paid for acquisitions, net of cash acquired |
|
|
|
(28,126 |
) |
|
|
(97,008 |
) |
|
|
(125,134 |
) | ||||||
Intercompany loans to subsidiaries |
|
88,376 |
|
(110,142 |
) |
|
|
|
|
21,766 |
|
|
| ||||||
Investment in subsidiaries |
|
(37,572 |
) |
(37,572 |
) |
|
|
|
|
75,144 |
|
|
| ||||||
Investment in restricted cash |
|
1,498 |
|
|
|
|
|
|
|
|
|
1,498 |
| ||||||
Additions to customer relationship and acquisition costs |
|
|
|
(23,543 |
) |
(2,132 |
) |
(3,197 |
) |
|
|
(28,872 |
) | ||||||
Investment in joint ventures |
|
(2,330 |
) |
|
|
|
|
|
|
|
|
(2,330 |
) | ||||||
Proceeds from sales of property and equipment and other, net |
|
|
|
(1,739 |
) |
5 |
|
3,191 |
|
|
|
1,457 |
| ||||||
Cash Flows from Investing Activities-Continuing Operations |
|
49,972 |
|
(335,974 |
) |
(10,581 |
) |
(194,391 |
) |
96,910 |
|
(394,064 |
) | ||||||
Cash Flows from Investing Activities-Discontinued Operations |
|
|
|
(1,982 |
) |
|
|
(4,154 |
) |
|
|
(6,136 |
) | ||||||
Cash Flows from Investing Activities |
|
49,972 |
|
(337,956 |
) |
(10,581 |
) |
(198,545 |
) |
96,910 |
|
(400,200 |
) | ||||||
Cash Flows from Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Repayment of revolving credit and term loan facilities and other debt |
|
|
|
(2,774,070 |
) |
(58 |
) |
(70,565 |
) |
|
|
(2,844,693 |
) | ||||||
Proceeds from revolving credit and term loan facilities and other debt |
|
|
|
2,680,107 |
|
|
|
51,078 |
|
|
|
2,731,185 |
| ||||||
Early retirement of senior subordinated notes |
|
(525,834 |
) |
|
|
|
|
|
|
|
|
(525,834 |
) | ||||||
Net proceeds from sales of senior subordinated notes |
|
985,000 |
|
|
|
|
|
|
|
|
|
985,000 |
| ||||||
Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net |
|
|
|
|
|
|
|
480 |
|
|
|
480 |
| ||||||
Intercompany loans from parent |
|
|
|
(89,878 |
) |
4,861 |
|
106,783 |
|
(21,766 |
) |
|
| ||||||
Equity contribution from parent |
|
|
|
37,572 |
|
|
|
37,572 |
|
(75,144 |
) |
|
| ||||||
Stock repurchases |
|
(38,052 |
) |
|
|
|
|
|
|
|
|
(38,052 |
) | ||||||
Parent cash dividends |
|
(318,845 |
) |
|
|
|
|
|
|
|
|
(318,845 |
) | ||||||
Proceeds from exercise of stock options and employee stock purchase plan |
|
40,244 |
|
|
|
|
|
|
|
|
|
40,244 |
| ||||||
Excess tax benefits from stock-based compensation |
|
1,045 |
|
|
|
|
|
|
|
|
|
1,045 |
| ||||||
Payment of debt finacing costs |
|
(1,480 |
) |
(781 |
) |
|
|
|
|
|
|
(2,261 |
) | ||||||
Cash Flows from Financing Activities-Continuing Operations |
|
142,078 |
|
(147,050 |
) |
4,803 |
|
125,348 |
|
(96,910 |
) |
28,269 |
| ||||||
Cash Flows from Financing Activities-Discontinued Operations |
|
|
|
|
|
|
|
(39 |
) |
|
|
(39 |
) | ||||||
Cash Flows from Financing Activities |
|
142,078 |
|
(147,050 |
) |
4,803 |
|
125,309 |
|
(96,910 |
) |
28,230 |
| ||||||
Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
1,880 |
|
924 |
|
|
|
2,804 |
| ||||||
(Decrease) Increase in cash and cash equivalents |
|
(3,428 |
) |
2,722 |
|
33,401 |
|
30,875 |
|
|
|
63,570 |
| ||||||
Cash and cash equivalents, beginning of period |
|
3,428 |
|
10,750 |
|
69,945 |
|
95,722 |
|
|
|
179,845 |
| ||||||
Cash and cash equivalents, end of period |
|
$ |
|
|
$ |
13,472 |
|
$ |
103,346 |
|
$ |
126,597 |
|
$ |
|
|
$ |
243,415 |
|
IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF CASH FLOWS
(Unaudited)
|
|
Six Months Ended June 30, 2013 |
| ||||||||||||||||
|
|
|
|
|
|
Canada |
|
Non- |
|
|
|
|
| ||||||
|
|
Parent |
|
Guarantors |
|
Company |
|
Guarantors |
|
Eliminations |
|
Consolidated |
| ||||||
Cash Flows from Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash Flows from Operating Activities-Continuing Operations |
|
$ |
(90,898 |
) |
$ |
227,437 |
|
$ |
13,395 |
|
$ |
63,014 |
|
$ |
|
|
$ |
212,948 |
|
Cash Flows from Operating Activities-Discontinued Operations |
|
|
|
(129 |
) |
|
|
1,082 |
|
|
|
953 |
| ||||||
Cash Flows from Operating Activities |
|
(90,898 |
) |
227,308 |
|
13,395 |
|
64,096 |
|
|
|
213,901 |
| ||||||
Cash Flows from Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Capital expenditures |
|
|
|
(104,352 |
) |
(1,811 |
) |
(52,077 |
) |
|
|
(158,240 |
) | ||||||
Cash paid for acquisitions, net of cash acquired |
|
|
|
(23,338 |
) |
|
|
(29,454 |
) |
|
|
(52,792 |
) | ||||||
Intercompany loans to subsidiaries |
|
193,217 |
|
(11,865 |
) |
|
|
|
|
(181,352 |
) |
|
| ||||||
Investment in subsidiaries |
|
(16,300 |
) |
(16,300 |
) |
|
|
|
|
32,600 |
|
|
| ||||||
Investment in restricted cash |
|
(1 |
) |
|
|
|
|
|
|
|
|
(1 |
) | ||||||
Additions to customer relationship and acquisition costs |
|
|
|
(5,885 |
) |
(290 |
) |
(2,086 |
) |
|
|
(8,261 |
) | ||||||
Proceeds from sales of property and equipment and other, net |
|
|
|
12 |
|
(3,191 |
) |
6,078 |
|
|
|
2,899 |
| ||||||
Cash Flows from Investing Activities-Continuing Operations |
|
176,916 |
|
(161,728 |
) |
(5,292 |
) |
(77,539 |
) |
(148,752 |
) |
(216,395 |
) | ||||||
Cash Flows from Investing Activities-Discontinued Operations |
|
|
|
(18 |
) |
|
|
|
|
|
|
(18 |
) | ||||||
Cash Flows from Investing Activities |
|
176,916 |
|
(161,746 |
) |
(5,292 |
) |
(77,539 |
) |
(148,752 |
) |
(216,413 |
) | ||||||
Cash Flows from Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Repayment of revolving credit and term loan facilities and other debt |
|
|
|
(975,507 |
) |
(29 |
) |
(11,630 |
) |
|
|
(987,166 |
) | ||||||
Proceeds from revolving credit and term loan facilities and other debt |
|
|
|
1,076,791 |
|
|
|
23,148 |
|
|
|
1,099,939 |
| ||||||
Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net |
|
|
|
|
|
|
|
874 |
|
|
|
874 |
| ||||||
Intercompany loans from parent |
|
|
|
(191,997 |
) |
1,921 |
|
8,724 |
|
181,352 |
|
|
| ||||||
Equity contribution from parent |
|
|
|
16,300 |
|
|
|
16,300 |
|
(32,600 |
) |
|
| ||||||
Parent cash dividends |
|
(103,309 |
) |
|
|
|
|
|
|
|
|
(103,309 |
) | ||||||
Proceeds from exercise of stock options and employee stock purchase plan |
|
14,897 |
|
|
|
|
|
|
|
|
|
14,897 |
| ||||||
Excess tax benefits from stock-based compensation |
|
2,394 |
|
|
|
|
|
|
|
|
|
2,394 |
| ||||||
Payment of debt financing costs |
|
|
|
(469 |
) |
|
|
(242 |
) |
|
|
(711 |
) | ||||||
Cash Flows from Financing Activities-Continuing Operations |
|
(86,018 |
) |
(74,882 |
) |
1,892 |
|
37,174 |
|
148,752 |
|
26,918 |
| ||||||
Cash Flows from Financing Activities-Discontinued Operations |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
Cash Flows from Financing Activities |
|
(86,018 |
) |
(74,882 |
) |
1,892 |
|
37,174 |
|
148,752 |
|
26,918 |
| ||||||
Effect of exchange rates on cash and cash equivalents |
|
|
|
|
|
(5,754 |
) |
(3,201 |
) |
|
|
(8,955 |
) | ||||||
(Decrease) Increase in cash and cash equivalents |
|
|
|
(9,320 |
) |
4,241 |
|
20,530 |
|
|
|
15,451 |
| ||||||
Cash and cash equivalents, beginning of period |
|
|
|
13,472 |
|
103,346 |
|
126,597 |
|
|
|
243,415 |
| ||||||
Cash and cash equivalents, end of period |
|
$ |
|
|
$ |
4,152 |
|
$ |
107,587 |
|
$ |
147,127 |
|
$ |
|
|
$ |
258,866 |
|