The following data summarizes the consolidating results of IMI on the equity method of accounting as of December 31, 2017 and June 30, 2018 and for the three and six months ended June 30, 2017 and 2018 and are prepared on the same basis as the consolidated financial statements.

The Parent Notes, the CAD Notes, the 6¹/₈% GBP Senior Notes due 2022 (the "GBP Notes due 2022") (which were redeemed in November 2017), the GBP Notes due 2025, and the 5³/₈% Notes are guaranteed by the subsidiaries referred to below as the Guarantors. These subsidiaries are 100% owned by IMI. The guarantees are full and unconditional, as well as joint and several.

Additionally, IMI guarantees the CAD Notes, which were issued by Iron Mountain Canada Operations ULC ("Canada Company"), the GBP Notes due 2022, which were issued by Iron Mountain Europe PLC ("IME"), the GBP Notes due 2025, which were issued by Iron Mountain (UK) PLC ("IM UK"), and the 5³/₈% Notes, which were issued by Iron Mountain US Holdings, Inc, which is one of the Guarantors. Canada Company, IME and IM UK do not guarantee the Parent Notes. The subsidiaries that do not guarantee the Parent Notes, the CAD Notes, the GBP Notes due 2022, the GBP Notes due 2025, and the 5³/₈% Notes, including IME, IM UK, Iron Mountain Receivables QRS, LLC, Iron Mountain Receivables TRS, LLC and Iron Mountain Mortgage Finance I, LLC, are referred to below as the Non-Guarantors. As discussed below, the results of the Non-Guarantors for the three and six months ended June 30, 2017 exclude the results of Canada Company, as those are presented in a separate column.

The CAD Notes due 2021 were issued by Canada Company and registered under the Securities Act of 1933, as amended (the “Securities Act”). The CAD Notes due 2023 have not been registered under the Securities Act, or under the securities laws of any other jurisdiction. We redeemed the CAD Notes due 2021 in August 2017 and, therefore, as of that date, Canada Company had no outstanding debt registered under the Securities Act that would require the presentation of Canada Company on a standalone basis in the accompanying consolidating financial statements. Accordingly, (i) the assets, liabilities and equity of Canada Company are presented as a component of the Non-Guarantor subsidiaries in the accompanying Condensed Consolidated Balance Sheets as of December 31, 2017 and June 30, 2018, (ii) the revenues, expenses and other comprehensive income (loss) of Canada Company are presented as a component of the Non-Guarantor subsidiaries in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the three and six months ended June 30, 2018, and (iii) the operating, investing and financing cash flows for Canada Company are presented as a component of the Non-Guarantor subsidiaries in the Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2018.

In the normal course of business, we periodically change the ownership structure of our subsidiaries to meet the requirements of our business. In the event of such changes, we recast the prior period financial information within this footnote to conform to the current period presentation in the period such changes occur. Generally, these changes do not alter the designation of the underlying subsidiaries as Guarantors or Non-Guarantors. However, they may change whether the underlying subsidiary is owned by the Parent, a Guarantor or a Non-Guarantor. If such a change occurs, the amount of investment in subsidiaries in the below Condensed Consolidated Balance Sheets and equity in the earnings (losses) of subsidiaries, net of tax in the below Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) with respect to the relevant Parent, Guarantors, Non-Guarantors and Eliminations columns also would change.

CONDENSED CONSOLIDATED BALANCE SHEETS



	December 31, 2017
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents(1)	$	2,433	$	634,317	$	383,675	$	(94,726	)	$	925,699
Accounts receivable	—		32,972		802,770		—			835,742
Intercompany receivable	332,293		149,731		—		(482,024		)	—
Prepaid expenses and other	1,579		103,643		83,681		(29		)	188,874
Total Current Assets	336,305		920,663		1,270,126		(576,779		)	1,950,315
Property, Plant and Equipment, Net	316		2,030,875		1,386,488		—			3,417,679
Other Assets, Net:
Long-term notes receivable from affiliates and intercompany receivable	4,578,995		—		—		(4,578,995		)	—
Investment in subsidiaries	1,858,045		885,999		—		(2,744,044		)	—
Goodwill	—		2,577,310		1,492,957		—			4,070,267
Other	—		796,913		737,228		—			1,534,141
Total Other Assets, Net	6,437,040		4,260,222		2,230,185		(7,323,039		)	5,604,408
Total Assets	$	6,773,661	$	7,211,760	$	4,886,799	$	(7,899,818	)	$	10,972,402
Liabilities and Equity
Intercompany Payable	$	—	$	—	$	482,024	$	(482,024	)	$	—
Debit Balances Under Cash Pools	—		56,233		38,493		(94,726		)	—
Current Portion of Long-Term Debt	—		54,247		92,082		(29		)	146,300
Total Other Current Liabilities	235,062		527,549		421,262		—			1,183,873
Long-Term Debt, Net of Current Portion	4,232,759		758,166		1,906,046		—			6,896,971
Long-Term Notes Payable to Affiliates and Intercompany Payable	—		4,578,995		—		(4,578,995		)	—
Other Long-term Liabilities	—		113,024		241,974		—			354,998
Commitments and Contingencies (See Note 8)
Redeemable Noncontrolling Interests	8,402		—		83,016		—			91,418
Total Iron Mountain Incorporated Stockholders' Equity	2,297,438		1,123,546		1,620,498		(2,744,044		)	2,297,438
Noncontrolling Interests	—		—		1,404		—			1,404
Total Equity	2,297,438		1,123,546		1,621,902		(2,744,044		)	2,298,842
Total Liabilities and Equity	$	6,773,661	$	7,211,760	$	4,886,799	$	(7,899,818	)	$	10,972,402

______________________________________________________________


(1)	Included within Cash and Cash Equivalents at December 31, 2017 is approximately $38,400 and $62,000 of cash on deposit associated with our Cash Pools for the Guarantors and Non-Guarantors, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)



	June 30, 2018
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents(1)	$	62	$	50,056	$	227,993	$	(89,919	)	$	188,192
Accounts receivable	—		58,280		808,761		—			867,041
Intercompany receivable	—		437,598		—		(437,598		)	—
Prepaid expenses and other	318		108,078		80,734		(29		)	189,101
Total Current Assets	380		654,012		1,117,488		(527,546		)	1,244,334
Property, Plant and Equipment, Net	251		2,939,491		1,466,745		—			4,406,487
Other Assets, Net:
Long-term notes receivable from affiliates and intercompany receivable	4,764,133		—		—		(4,764,133		)	—
Investment in subsidiaries	1,892,689		935,316		—		(2,828,005		)	—
Goodwill	—		2,860,920		1,605,714		—			4,466,634
Other	2,203		944,678		748,198		—			1,695,079
Total Other Assets, Net	6,659,025		4,740,914		2,353,912		(7,592,138		)	6,161,713
Total Assets	$	6,659,656	$	8,334,417	$	4,938,145	$	(8,119,684	)	$	11,812,534
Liabilities and Equity
Intercompany Payable	$	114,379	$	—	$	323,219	$	(437,598	)	$	—
Debit Balances Under Cash Pools	—		48,576		41,343		(89,919		)	—
Current Portion of Long-Term Debt	—		60,363		63,484		(29		)	123,818
Total Other Current Liabilities	246,808		532,092		370,385		—			1,149,285
Long-Term Debt, Net of Current Portion	4,227,267		1,637,813		2,096,681		—			7,961,761
Long-Term Notes Payable to Affiliates and Intercompany Payable	—		4,764,133		—		(4,764,133		)	—
Other Long-term Liabilities	—		118,575		306,308		—			424,883
Commitments and Contingencies (See Note 8)
Redeemable Noncontrolling Interests	15,262		—		80,078		—			95,340
Total Iron Mountain Incorporated Stockholders' Equity	2,055,940		1,172,865		1,655,140		(2,828,005		)	2,055,940
Noncontrolling Interests	—		—		1,507		—			1,507
Total Equity	2,055,940		1,172,865		1,656,647		(2,828,005		)	2,057,447
Total Liabilities and Equity	$	6,659,656	$	8,334,417	$	4,938,145	$	(8,119,684	)	$	11,812,534

______________________________________________________________


(1)	Included within Cash and Cash Equivalents at June 30, 2018 is approximately $42,000 and $50,600 of cash on deposit associated with our Cash Pools for the Guarantors and Non-Guarantors, respectively.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)



	Three Months Ended June 30, 2017
	Parent				Guarantors				Canada Company				Non- Guarantors			Eliminations			Consolidated
Revenues:
Storage rental and service (excluding intercompany)	$	—			$	574,211			$	47,587			$	328,008		$	—		$	949,806
Intercompany	—				1,141				—				21,649			(22,790		)	—
Total Revenues	—				575,352				47,587				349,657			(22,790		)	949,806
Operating Expenses
Cost of sales (excluding depreciation and amortization) and Selling, general and administrative	273				389,679				10,585				251,192			—			651,729
Intercompany	—				6,590				15,059				1,141			(22,790		)	—
Depreciation and amortization	43				75,129				4,309				48,618			—			128,099
(Gain) Loss on disposal/write-down of property, plant and equipment (excluding real estate), net	—				(246		)		4				26			—			(216		)
Total Operating Expenses	316			—	471,152			—	29,957			—	300,977			(22,790		)	779,612
Operating (Loss) Income	(316		)		104,200				17,630				48,680			—			170,194
Interest Expense (Income), Net	40,377				15,637				(6,035		)		39,987			—			89,966
Other Expense (Income), Net	339				543				(127		)		(20,121		)	—			(19,366		)
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate	(41,032		)		88,020				23,792				28,814			—			99,594
Provision (Benefit) for Income Taxes	—				436				10,010				7,563			—			18,009
Gain on Sale of Real Estate, Net of Tax	—				—				—				(1,563		)	—			(1,563		)
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(119,662		)		(29,962		)		(363		)		(13,782		)	163,769			—
Income (Loss) from Continuing Operations	78,630				117,546				14,145				36,596			(163,769		)	83,148
(Loss) Income from Discontinued Operations	—				(1,155		)		—				(871		)	—			(2,026		)
Net Income (Loss)	78,630				116,391				14,145				35,725			(163,769		)	81,122
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—				—				—				2,492			—			2,492
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	78,630			$	116,391			$	14,145			$	33,233		$	(163,769	)	$	78,630
Net Income (Loss)	$	78,630			$	116,391			$	14,145			$	35,725		$	(163,769	)	$	81,122
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustments	(7,076		)		—				2,704				11,910			—			7,538
Equity in Other Comprehensive Income (Loss) of Subsidiaries	14,725				11,213				970				2,704			(29,612		)	—
Total Other Comprehensive Income (Loss)	7,649				11,213				3,674				14,614			(29,612		)	7,538
Comprehensive Income (Loss)	86,279				127,604				17,819				50,339			(193,381		)	88,660
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—				—				—				2,381			—			2,381
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	86,279			$	127,604			$	17,819			$	47,958		$	(193,381	)	$	86,279

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Continued)



	Three Months Ended June 30, 2018
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Storage rental and service (excluding intercompany)	$	—		$	641,852		$	418,971		$	—		$	1,060,823
Intercompany	—			1,216			4,305			(5,521		)	—
Total Revenues	—			643,068			423,276			(5,521		)	1,060,823
Operating Expenses:
Cost of sales (excluding depreciation and amortization) and Selling, general and administrative	36			419,099			282,655			—			701,790
Intercompany	—			4,305			1,216			(5,521		)	—
Depreciation and amortization	32			96,170			60,018			—			156,220
(Gain) Loss on disposal/write-down of property, plant and equipment (excluding real estate), net	—			(462		)	(84		)	—			(546		)
Total Operating Expenses	68			519,112			343,805			(5,521		)	857,464
Operating (Loss) Income	(68		)	123,956			79,471			—			203,359
Interest Expense (Income), Net	50,313			3,005			48,789			—			102,107
Other Expense (Income), Net	2,767			6,575			(28,398		)	—			(19,056		)
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes	(53,148		)	114,376			59,080			—			120,308
Provision (Benefit) for Income Taxes	—			12,509			13,896			—			26,405
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(146,549		)	(39,711		)	—			186,260			—
Income (Loss) from Continuing Operations	93,401			141,578			45,184			(186,260		)	93,903
(Loss) Income from Discontinued Operations, Net of Tax	—			(273		)	(87		)	—			(360		)
Net Income (Loss)	93,401			141,305			45,097			(186,260		)	93,543
Less: Net (Loss) Income Attributable to Noncontrolling Interests	—			—			142			—			142
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	93,401		$	141,305		$	44,955		$	(186,260	)	$	93,401
Net Income (Loss)	$	93,401		$	141,305		$	45,097		$	(186,260	)	$	93,543
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustments	10,257			—			(149,429		)	—			(139,172		)
Change in fair value of interest rate swap agreements	2,388			—			—			—			2,388
Equity in Other Comprehensive Income (Loss) of Subsidiaries	(146,018		)	(129,860		)	—			275,878			—
Total Other Comprehensive Income (Loss)	(133,373		)	(129,860		)	(149,429		)	275,878			(136,784		)
Comprehensive Income (Loss)	(39,972		)	11,445			(104,332		)	89,618			(43,241		)
Comprehensive (Loss) Income Attributable to Noncontrolling Interests	—			—			(3,274		)	—			(3,274		)
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	(39,972	)	$	11,445		$	(101,058	)	$	89,618		$	(39,967	)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Continued)



	Six Months Ended June 30, 2017
	Parent			Guarantors			Canada Company			Non- Guarantors				Eliminations			Consolidated
Revenues:
Storage rental and service (excluding intercompany)	$	—		$	1,141,771		$	95,643		$	651,268			$	—		$	1,888,682
Intercompany	—			2,238			—			43,991				(46,229		)	—
Total Revenues	—			1,144,009			95,643			695,259				(46,229		)	1,888,682
Operating Expenses:
Cost of sales (excluding depreciation and amortization) and Selling, general and administrative	352			791,713			21,696			504,841				—			1,318,602
Intercompany	—			13,196			30,795			2,238				(46,229		)	—
Depreciation and amortization	89			151,290			8,547			92,880				—			252,806
(Gain) Loss on disposal/write-down of property, plant and equipment (excluding real estate), net	—			(794		)	6			113			—	—			(675		)
Total Operating Expenses	441			955,405			61,044			600,072				(46,229		)	1,570,733
Operating (Loss) Income	(441		)	188,604			34,599			95,187				—			317,949
Interest Expense (Income), Net	83,161			12,358			5,635			74,867				—			176,021
Other Expense (Income), Net	420			3,062			(154		)	(29,058		)		—			(25,730		)
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes and Gain on Sale of Real Estate	(84,022		)	173,184			29,118			49,378				—			167,658
Provision (Benefit) for Income Taxes	—			13,180			6,522			7,527				—			27,229
Gain on Sale of Real Estate, Net of Tax	—			—			—			(1,563		)		—			(1,563		)
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(220,777		)	(53,375		)	(520		)	(22,596		)		297,268			—
Income (Loss) from Continuing Operations	136,755			213,379			23,116			66,010				(297,268		)	141,992
(Loss) Income from Discontinued Operations	—			(957		)	—			(1,406		)		—			(2,363		)
Net Income (Loss)	136,755			212,422			23,116			64,604				(297,268		)	139,629
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			—			2,874				—			2,874
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	136,755		$	212,422		$	23,116		$	61,730			$	(297,268	)	$	136,755
Net Income (Loss)	$	136,755		$	212,422		$	23,116		$	64,604			$	(297,268	)	$	139,629
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustments	(8,148		)	—			3,339			63,131				—			58,322
Equity in Other Comprehensive Income (Loss) of Subsidiaries	67,131			39,753			1,257			3,339				(111,480		)	—
Total Other Comprehensive Income (Loss)	58,983			39,753			4,596			66,470				(111,480		)	58,322
Comprehensive Income (Loss)	195,738			252,175			27,712			131,074				(408,748		)	197,951
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			—			2,213				—			2,213
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	195,738		$	252,175		$	27,712		$	128,861			$	(408,748	)	$	195,738

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Continued)



	Six Months Ended June 30, 2018
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Storage rental and service (excluding intercompany)	$	—		$	1,268,558		$	834,723		$	—		$	2,103,281
Intercompany	—			2,421			8,796			(11,217		)	—
Total Revenues	—			1,270,979			843,519			(11,217		)	2,103,281
Operating Expenses:
Cost of sales (excluding depreciation and amortization) and Selling, general and administrative	79			850,610			569,552			—			1,420,241
Intercompany	—			8,796			2,421			(11,217		)	—
Depreciation and amortization	65			198,616			118,117			—			316,798
(Gain) Loss on disposal/write-down of property, plant and equipment (excluding real estate), net	—			(818		)	(858		)	—			(1,676		)
Total Operating Expenses	144			1,057,204			689,232			(11,217		)	1,735,363
Operating (Loss) Income	(144		)	213,775			154,287			—			367,918
Interest Expense (Income), Net	100,254			1,497			97,982			—			199,733
Other Expense (Income), Net	1,610			8,135			(8,650		)	—			1,095
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes	(102,008		)	204,143			64,955			—			167,090
Provision (Benefit) for Income Taxes	—			5,797			21,776			—			27,573
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(240,093		)	(36,846		)	—			276,939			—
Income (Loss) from Continuing Operations	138,085			235,192			43,179			(276,939		)	139,517
(Loss) Income from Discontinued Operations, Net of Tax	—			(695		)	(127		)	—			(822		)
Net Income (Loss)	138,085			234,497			43,052			(276,939		)	138,695
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			610			—			610
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	138,085		$	234,497		$	42,442		$	(276,939	)	$	138,085
Net Income (Loss)	$	138,085		$	234,497		$	43,052		$	(276,939	)	$	138,695
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustments	4,622			—			(112,143		)	—			(107,521		)
Change in fair value of interest rate swap agreements	2,203			—			—			—			2,203
Equity in Other Comprehensive Income (Loss) of Subsidiaries	(110,286		)	(91,524		)	—			201,810			—
Total Other Comprehensive Income (Loss)	(103,461		)	(91,524		)	(112,143		)	201,810			(105,318		)
Comprehensive Income (Loss)	34,624			142,973			(69,091		)	(75,129		)	33,377
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			(1,247		)	—			(1,247		)
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	34,624		$	142,973		$	(67,844	)	$	(75,129	)	$	34,624

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS



	Six Months Ended June 30, 2017
	Parent			Guarantors			Canada Company			Non- Guarantors			Eliminations			Consolidated
Cash Flows from Operating Activities:
Cash Flows from Operating Activities—Continuing Operations	$	(81,406	)	$	305,548		$	27,976		$	69,922		$	—		$	322,040
Cash Flows from Operating Activities—Discontinued Operations	—			(957		)	—			(1,406		)	—			(2,363		)
Cash Flows from Operating Activities	(81,406		)	304,591			27,976			68,516			—			319,677
Cash Flows from Investing Activities:
Capital expenditures	—			(124,559		)	(4,171		)	(36,477		)	—			(165,207		)
Cash paid for acquisitions, net of cash acquired	—			(6,380		)	—			(31,843		)	—			(38,223		)
Intercompany loans to subsidiaries	(51,119		)	(41,642		)	—			(474		)	93,235			—
Investment in subsidiaries	(16,170		)	—			—			—			16,170			—
Acquisitions of customer relationships and customer inducements	—			(26,924		)	(410		)	(1,176		)	—			(28,510		)
Net proceeds from Divestments (see Note 10)	—			—			—			2,423			—			2,423
Proceeds from sales of property and equipment and other, net (including real estate)	—			12,933			2			(4,388		)	—			8,547
Cash Flows from Investing Activities—Continuing Operations	(67,289		)	(186,572		)	(4,579		)	(71,935		)	109,405			(220,970		)
Cash Flows from Investing Activities—Discontinued Operations	—			—			—			—			—			—
Cash Flows from Investing Activities	(67,289		)	(186,572		)	(4,579		)	(71,935		)	109,405			(220,970		)
Cash Flows from Financing Activities:
Repayment of revolving credit, term loan facilities and other debt	(262,579		)	(3,197,148		)	(51		)	(2,291,638		)	—			(5,751,416		)
Proceeds from revolving credit, term loan facilities and other debt	224,660			2,913,810			—			2,355,655			—			5,494,125
Net proceeds from sales of senior notes	332,683			—			—			—			—			332,683
Debit balances (payments) under cash pools	—			136,379			—			25,171			(161,550		)	—
Debt financing from (repayment to) and equity contribution from (distribution to) noncontrolling interests, net	—			—			—			10,151			—			10,151
Intercompany loans from parent	—			44,957			(43,089		)	91,367			(93,235		)	—
Equity contribution from parent	—			—			—			16,170			(16,170		)	—
Parent cash dividends	(147,393		)	—			—			—			—			(147,393		)
Net proceeds (payments) associated with employee stock-based awards	810			—			—			—			—			810
Payment of debt financing and stock issuance costs	(471		)	—			(73		)	—			—			(544		)
Cash Flows from Financing Activities—Continuing Operations	147,710			(102,002		)	(43,213		)	206,876			(270,955		)	(61,584		)
Cash Flows from Financing Activities—Discontinued Operations	—			—			—			—			—			—
Cash Flows from Financing Activities	147,710			(102,002		)	(43,213		)	206,876			(270,955		)	(61,584		)
Effect of exchange rates on cash and cash equivalents	—			—			2,706			14,706			—			17,412
(Decrease) Increase in cash and cash equivalents	(985		)	16,017			(17,110		)	218,163			(161,550		)	54,535
Cash and cash equivalents, beginning of period	2,405			23,380			17,110			193,589			—			236,484
Cash and cash equivalents, end of period	$	1,420		$	39,397		$	—		$	411,752		$	(161,550	)	$	291,019

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)



	Six Months Ended June 30, 2018
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Cash Flows from Operating Activities:
Cash Flows from Operating Activities—Continuing Operations	$	(117,979	)	$	409,167		$	102,618		$	—		$	393,806
Cash Flows from Operating Activities—Discontinued Operations	—			(477		)	—			—			(477		)
Cash Flows from Operating Activities	(117,979		)	408,690			102,618			—			393,329
Cash Flows from Investing Activities:
Capital expenditures	—			(142,737		)	(74,864		)	—			(217,601		)
Cash paid for acquisitions, net of cash acquired	—			(1,314,370		)	(352,499		)	—			(1,666,869		)
Intercompany loans to subsidiaries	370,423			19,092			—			(389,515		)	—
Investment in subsidiaries	—			—			—			—			—
Acquisitions of customer relationships, customer inducements and data center lease-based intangibles	—			(24,922		)	(12,311		)	—			(37,233		)
Proceeds from sales of property and equipment and other, net (including real estate)	—			—			207			—			207
Cash Flows from Investing Activities—Continuing Operations	370,423			(1,462,937		)	(439,467		)	(389,515		)	(1,921,496		)
Cash Flows from Investing Activities—Discontinued Operations	—			—			—			—			—
Cash Flows from Investing Activities	370,423			(1,462,937		)	(439,467		)	(389,515		)	(1,921,496		)
Cash Flows from Financing Activities:
Repayment of revolving credit, term loan facilities and other debt	—			(3,657,315		)	(4,219,481		)	—			(7,876,796		)
Proceeds from revolving credit, term loan facilities and other debt	—			4,531,603			4,412,813			—			8,944,416
Debit (payments) balances under cash pools	—			(7,657		)	2,850			4,807			—
Debt financing from (repayment to) and equity contribution from (distribution to) noncontrolling interests, net	—			—			(1,079		)	—			(1,079		)
Intercompany loans from parent	—			(384,323		)	(5,192		)	389,515			—
Parent cash dividends	(337,052		)	—			—			—			(337,052		)
Net (payments) proceeds associated with employee stock-based awards	(2,259		)	—			—			—			(2,259		)
Net proceeds associated with the Over-Allotment Option exercise	76,192			—			—			—			76,192
Net proceeds associated with the At the Market (ATM) Program	8,716			—			—			—			8,716
Payment of debt financing and stock issuance costs	(412		)	(12,322		)	(651		)	—			(13,385		)
Cash Flows from Financing Activities—Continuing Operations	(254,815		)	469,986			189,260			394,322			798,753
Cash Flows from Financing Activities—Discontinued Operations	—			—			—			—			—
Cash Flows from Financing Activities	(254,815		)	469,986			189,260			394,322			798,753
Effect of exchange rates on cash and cash equivalents	—			—			(8,093		)	—			(8,093		)
Increase (Decrease) in cash and cash equivalents	(2,371		)	(584,261		)	(155,682		)	4,807			(737,507		)
Cash and cash equivalents, beginning of period	2,433			634,317			383,675			(94,726		)	925,699
Cash and cash equivalents, end of period	$	62		$	50,056		$	227,993		$	(89,919	)	$	188,192