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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Cash Flows from Operating Activities:      
Net Income (Loss) $ 185,432 $ 107,233 $ 125,203
(Income) loss from discontinued operations 6,291 (3,353) 0
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation 406,283 365,526 301,219
Amortization (includes amortization of deferred financing costs and discount of $9,249, $13,151 and $14,962 in 2015, 2016 and 2017, respectively) 131,055 99,951 53,494
Goodwill and Intangible Asset Impairment 3,011 0 0
Revenue reduction associated with amortization of permanent withdrawal fees 11,253 12,217 11,670
Stock-based compensation expense 30,019 28,976 27,585
(Benefit) provision for deferred income taxes (36,370) (50,368) (7,473)
Loss on early extinguishment of debt 78,368 9,283 27,305
Loss (gain) on disposal/write-down of property, plant and equipment, net (including real estate) (766) (898) 1,941
Gain (Loss) on Disposition of Iron Mountain Divestments 0 16,838 0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (38,869) 0 0
Foreign currency transactions and other, net 50,503 16,624 44,221
Changes in Assets and Liabilities (exclusive of acquisitions):      
Accounts receivable (89,653) (23,206) 17,984
Prepaid expenses and other (25,281) (34,274) 5,171
Accounts payable 34,898 (50,712) 18,017
Accrued expenses and deferred revenue (35,079) 51,617 (77,469)
Other assets and long-term liabilities 13,164 (4,238) (7,108)
Cash Flows from Operating Activities-Continuing Operations 724,259 541,216 541,760
Cash Flows from Operating Activities-Discontinued Operations (3,291) 2,679 0
Cash Flows from Operating Activities 720,968 543,895 541,760
Cash Flows from Investing Activities:      
Capital expenditures (343,131) (328,603) (290,249)
Cash paid for acquisitions, net of cash acquired (219,705) (291,965) (113,558)
Acquisition of customer relationships (55,126) (31,561) (32,611)
Customer inducements (20,059) (19,205) (22,500)
Net proceeds from Iron Mountain Divestments 29,236 30,654 0
Proceeds from sales of property and equipment and other, net (including real estate) 9,337 7,977 2,272
Cash Flows from Investing Activities-Continuing Operations (599,448) (632,703) (456,646)
Cash Flows from Investing Activities-Discontinued Operations 0 96,712 0
Cash Flows from Investing Activities (599,448) (535,991) (456,646)
Cash Flows from Financing Activities:      
Repayment of revolving credit and term loan facilities and other debt (14,429,695) (14,851,440) (10,796,873)
Proceeds from revolving credit and term loan facilities and other debt 13,917,055 14,544,388 10,925,709
Early retirement of senior subordinated notes (1,746,856) 0 (814,728)
Net proceeds from sales of senior notes 2,656,948 925,443 985,000
Proceeds from Noncontrolling Interests 13,230 1,299 7,590
Payments to Noncontrolling Interests (4,151) (1,765) (2,016)
Parent cash dividends (439,999) (505,871) (406,508)
Net proceeds associated with the Equity Offering 516,462 0 0
Net proceeds associated with the At The Market (ATM) Program 59,129 0 0
Net proceeds (payments) associated with employee stock-based awards 13,095 31,922 7,149
Excess tax (deficiency) benefits from employee stock-based awards 0 0 327
Payment of debt financing and stock issuance costs (14,793) (18,603) (14,161)
Cash Flows from Financing Activities-Continuing Operations 540,425 125,373 (108,511)
Cash Flows from Financing Activities-Discontinued Operations 0 0 0
Cash Flows from Financing Activities 540,425 125,373 (108,511)
Effect of Exchange Rates on Cash and Cash Equivalents 27,270 (25,174) (8,015)
(Decrease) Increase in cash and cash equivalents 689,215 108,103 (31,412)
Cash and cash equivalents, beginning of year 236,484 128,381 159,793
Cash and cash equivalents, end of year 925,699 236,484 128,381
Supplemental Information:      
Cash Paid for Interest 368,468 297,122 259,815
Cash Paid for Income Taxes, Net 104,498 69,866 42,440
Non-Cash Investing and Financing Activities:      
Capital Leases 166,843 74,881 50,083
Accrued Capital Expenditures 71,098 62,691 51,846
Business Combination, Consideration Transferred, Accrued Purchase Price and Other Holdbacks 20,093 0 0
Dividends Payable 172,102 5,625 5,950
Fair Value of Stock Issued for Recall Transaction 0 1,835,026 0
Equity Method Investments, Fair Value Disclosure 18,000 0 0
Disposal Group, Not Discontinued Operations [Member] | Russia and Ukraine Divestment [Member]      
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (38,869)    
FORTRUST [Member]      
Non-Cash Investing and Financing Activities:      
Fair Value of Stock Issued for Recall Transaction $ 83,014 $ 0 $ 0