Exhibit 99.1
IRON MOUNTAIN INCORPORATED
Index
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Selected Consolidating Unaudited Pro Forma Information of Parent, Guarantors, Canada Company and Non-Guarantors |
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Consolidating Pro Forma Balance Sheets at December 31, 2012 and June 30, 2013 (Unaudited) | 2 |
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Consolidating Pro Forma Statements of Operations for the Year Ended December 31, 2012 and Six Months Ended June 30, 2013 (Unaudited) | 4 |
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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 |
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| Canada |
| Non- |
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| Parent |
| Guarantors |
| Company |
| Guarantors |
| Eliminations |
| Consolidated |
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Assets |
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Current Assets: |
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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 |
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Other Assets, Net: |
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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 |
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Liabilities and Equity |
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Intercompany Payable |
| $ | — |
| $ | 942,547 |
| $ | 3,310 |
| $ | 109,736 |
| $ | (1,055,593 | ) | $ | — |
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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 |
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Commitments and Contingencies |
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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 |
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| Canada |
| Non- |
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| Parent |
| Guarantors |
| Company |
| Guarantors |
| Eliminations |
| Consolidated |
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Assets |
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Current Assets: |
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Cash and Cash Equivalents |
| $ | — |
| $ | 4,152 |
| $ | 107,587 |
| $ | 147,127 |
| $ | — |
| $ | 258,866 |
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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 |
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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 |
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Other Assets, Net: |
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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 |
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Liabilities and Equity |
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Intercompany Payable |
| $ | — |
| $ | 777,743 |
| $ | 3,644 |
| $ | 110,738 |
| $ | (892,125 | ) | $ | — |
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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 |
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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 |
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IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS
(Unaudited)
|
| Year Ended December 31, 2012 |
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| Canada |
| Non- |
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| Parent |
| Guarantors |
| Company |
| Guarantors |
| Eliminations |
| Consolidated |
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Revenues: |
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Storage Rental |
| $ | — |
| $ | 1,156,681 |
| $ | 130,825 |
| $ | 445,632 |
| $ | — |
| $ | 1,733,138 |
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Service |
| — |
| 784,068 |
| — |
| 488,049 |
| — |
| 1,272,117 |
| ||||||
Total Revenues |
| — |
| 1,940,749 |
| 130,825 |
| 933,681 |
| — |
| 3,005,255 |
| ||||||
Operating Expenses: |
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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 |
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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 |
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(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 |
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Net Income (Loss) |
| $ | 171,708 |
| $ | 405,692 |
| $ | 28,750 |
| $ | 71,891 |
| $ | (503,207 | ) | $ | 174,834 |
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Other Comprehensive Income (Loss): |
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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 |
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Comprehensive Income (Loss) Attributable to Noncontrolling Interests |
| — |
| — |
| — |
| 3,795 |
| — |
| 3,795 |
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Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated |
| $ | 194,225 |
| $ | 430,901 |
| $ | 36,762 |
| $ | 94,162 |
| $ | (561,825 | ) | $ | 194,225 |
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IRON MOUNTAIN INCORPORATED
CONSOLIDATING PRO FORMA STATEMENT OF OPERATIONS
(Unaudited)
|
| Six Months Ended June 30, 2013 |
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| Canada |
| Non- |
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| Parent |
| Guarantors |
| Company |
| Guarantors |
| Eliminations |
| Consolidated |
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Revenues: |
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Storage Rental |
| $ | — |
| $ | 584,447 |
| $ | 65,799 |
| $ | 233,794 |
| $ | — |
| $ | 884,040 |
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Service |
| — |
| 379,354 |
| — |
| 238,358 |
| — |
| 617,712 |
| ||||||
Total Revenues |
| — |
| 963,801 |
| 65,799 |
| 472,152 |
| — |
| 1,501,752 |
| ||||||
Operating Expenses: |
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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 |
| ||||||
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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 |
| ||||||
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(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 |
| ||||||
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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 |
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Net Income (Loss) |
| $ | 45,950 |
| $ | 118,279 |
| $ | 13,914 |
| $ | (2,594 | ) | $ | (127,575 | ) | $ | 47,974 |
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Other Comprehensive Income (Loss): |
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| ||||||
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 |
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| Canada |
| Non- |
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| ||||||
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| Parent |
| Guarantors |
| Company |
| Guarantors |
| Eliminations |
| Consolidated |
| ||||||
Cash Flows from Operating Activities: |
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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 |
|