Selected Consolidated Financial Statements of Parent, Guarantors and Non-Guarantors

6 Months Ended

Jun. 30, 2019

Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors

Selected Consolidated Financial Statements of Parent, Guarantors and Non-Guarantors

The following data summarizes the consolidating results of IMI on the equity method of accounting as of June 30, 2019 and December 31, 2018 and for the three and six months ended June 30, 2019 and 2018 and are prepared on the same basis as the consolidated financial statements.

The Parent Notes, the CAD Notes, the GBP Notes, 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, 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 and IM UK do not guarantee the Parent Notes. The subsidiaries that do not guarantee the Parent Notes, the CAD Notes, the GBP Notes, and the 5³/₈% Notes are referred to below as the Non-Guarantors.

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



	June 30, 2019
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents(1)	$	6	$	124,553	$	106,923	$	(69,486	)	$	161,996
Accounts receivable	—		65,357		786,973		—			852,330
Intercompany receivable	—		1,184,345		—		(1,184,345		)	—
Prepaid expenses and other	—		87,505		113,301		(29		)	200,777
Total Current Assets	6		1,461,760		1,007,197		(1,253,860		)	1,215,103
Property, Plant and Equipment, Net	145		3,013,538		1,544,876		—			4,558,559
Other Assets, Net:
Long-term notes receivable from affiliates and intercompany receivable	5,072,926		—		—		(5,072,926		)	—
Investment in subsidiaries	1,982,052		1,073,877		—		(3,055,929		)	—
Goodwill	—		2,857,968		1,615,456		—			4,473,424
Operating lease right-of-use assets	—		921,540		872,267		—			1,793,807
Other	2		965,060		715,027		—			1,680,089
Total Other Assets, Net	7,054,980		5,818,445		3,202,750		(8,128,855		)	7,947,320
Total Assets	$	7,055,131	$	10,293,743	$	5,754,823	$	(9,382,715	)	$	13,720,982
Liabilities and Equity
Intercompany Payable	$	892,894	$	—	$	291,451	$	(1,184,345	)	$	—
Debit Balances Under Cash Pools	—		—		69,486		(69,486		)	—
Current Portion of Long-Term Debt	—		54,848		68,708		(29		)	123,527
Total Other Current Liabilities (includes current portion of operating lease liabilities)	270,521		679,750		542,989		—			1,493,260
Long-Term Debt, Net of Current Portion	4,225,317		2,265,699		1,899,167		—			8,390,183
Long-Term Operating Lease Liabilities, Net of Current Portion	—		857,375		798,102		—			1,655,477
Long-Term Notes Payable to Affiliates and Intercompany Payable	—		5,072,926		—		(5,072,926		)	—
Other Long-term Liabilities	8,578		51,721		266,142		—			326,441
Commitments and Contingencies (See Note 7)
Redeemable Noncontrolling Interests	—		—		73,113		—			73,113
Total Iron Mountain Incorporated Stockholders' Equity	1,657,821		1,311,424		1,744,505		(3,055,929		)	1,657,821
Noncontrolling Interests	—		—		1,160		—			1,160
Total Equity	1,657,821		1,311,424		1,745,665		(3,055,929		)	1,658,981
Total Liabilities and Equity	$	7,055,131	$	10,293,743	$	5,754,823	$	(9,382,715	)	$	13,720,982

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(1)	Included within Cash and Cash Equivalents at June 30, 2019 is approximately $74,000 and $0 of cash on deposit associated with our Cash Pools for the Guarantors and Non-Guarantors, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)



	December 31, 2018
	Parent		Guarantors		Non- Guarantors		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents(1)	$	132	$	61,650	$	169,318	$	(65,615	)	$	165,485
Accounts receivable	—		47,900		798,989		—			846,889
Intercompany receivable	—		818,463		—		(818,463		)	—
Prepaid expenses and other	93		108,879		86,797		(29		)	195,740
Total Current Assets	225		1,036,892		1,055,104		(884,107		)	1,208,114
Property, Plant and Equipment, Net	190		3,002,104		1,487,263		—			4,489,557
Other Assets, Net:
Long-term notes receivable from affiliates and intercompany receivable	4,954,686		—		—		(4,954,686		)	—
Investment in subsidiaries	1,862,048		983,018		—		(2,845,066		)	—
Goodwill	—		2,858,539		1,582,491		—			4,441,030
Other	—		979,483		739,034		—			1,718,517
Total Other Assets, Net	6,816,734		4,821,040		2,321,525		(7,799,752		)	6,159,547
Total Assets	$	6,817,149	$	8,860,036	$	4,863,892	$	(8,683,859	)	$	11,857,218
Liabilities and Equity
Intercompany Payable	$	462,927	$	—	$	355,536	$	(818,463	)	$	—
Debit Balances Under Cash Pools	—		10,612		55,003		(65,615		)	—
Current Portion of Long-Term Debt	—		63,703		62,732		(29		)	126,406
Total Other Current Liabilities	268,373		616,826		479,170		—			1,364,369
Long-Term Debt, Net of Current Portion	4,223,822		1,877,649		1,914,946		—			8,016,417
Long-Term Notes Payable to Affiliates and Intercompany Payable	—		4,954,686		—		(4,954,686		)	—
Other Long-term Liabilities	973		115,994		300,064		—			417,031
Commitments and Contingencies (See Note 7)
Redeemable Noncontrolling Interests	—		—		70,532		—			70,532
Total Iron Mountain Incorporated Stockholders' Equity	1,861,054		1,220,566		1,624,500		(2,845,066		)	1,861,054
Noncontrolling Interests	—		—		1,409		—			1,409
Total Equity	1,861,054		1,220,566		1,625,909		(2,845,066		)	1,862,463
Total Liabilities and Equity	$	6,817,149	$	8,860,036	$	4,863,892	$	(8,683,859	)	$	11,857,218

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(1)	Included within Cash and Cash Equivalents at December 31, 2018 is approximately $57,200 and $12,700 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, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Storage rental	$	—		$	411,159		$	258,129		$	—		$	669,288
Service	—			246,090			151,529			—			397,619
Intercompany revenues	—			1,158			4,540			(5,698		)	—
Total Revenues	—			658,407			414,198			(5,698		)	1,066,907
Operating Expenses:
Cost of sales (excluding depreciation and amortization)	—			260,675			204,427			—			465,102
Intercompany	—			4,540			1,158			(5,698		)	—
Selling, general and administrative	62			173,443			79,259			—			252,764
Depreciation and amortization	22			104,594			59,715			—			164,331
Loss (Gain) on disposal/write-down of property, plant and equipment, net	—			26,786			(35,191		)	—			(8,405		)
Total Operating Expenses	84			570,038			309,368			(5,698		)	873,792
Operating (Loss) Income	(84		)	88,369			104,830			—			193,115
Interest Expense (Income), Net(1)	49,601			8,640			47,073			—			105,314
Other Expense (Income), Net	359			4,487			(20,038		)	—			(15,192		)
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes	(50,044		)	75,242			77,795			—			102,993
Provision (Benefit) for Income Taxes	—			1,153			9,493			—			10,646
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(142,485		)	(69,710		)	—			212,195			—
Income (Loss) from Continuing Operations	92,441			143,799			68,302			(212,195		)	92,347
Income (Loss) from Discontinued Operations, Net of Tax	—			144			(16		)	—			128
Net Income (Loss)	92,441			143,943			68,286			(212,195		)	92,475
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			34			—			34
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	92,441		$	143,943		$	68,252		$	(212,195	)	$	92,441
Net Income (Loss)	$	92,441		$	143,943		$	68,286		$	(212,195	)	$	92,475
Other Comprehensive (Loss) Income:
Foreign Currency Translation Adjustments	(4,280		)	—			(1,511		)	—			(5,791		)
Change in fair value of interest rate swap agreements	(4,931		)	—			—			—			(4,931		)
Equity in Other Comprehensive (Loss) Income of Subsidiaries	(1,650		)	1,121			—			529			—
Total Other Comprehensive (Loss) Income	(10,861		)	1,121			(1,511		)	529			(10,722		)
Comprehensive Income (Loss)	81,580			145,064			66,775			(211,666		)	81,753
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			173			—			173
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	81,580		$	145,064		$	66,602		$	(211,666	)	$	81,580

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(1)	Included within Interest Expense (Income), Net are intercompany management fees and royalty fees, which are eliminated in our consolidated financial statements.

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	$	—		$	397,449		$	257,990		$	—		$	655,439
Service	—			244,403			160,981			—			405,384
Intercompany revenues	—			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)	—			251,360			200,104			—			451,464
Intercompany cost of sales	—			4,305			1,216			(5,521		)	—
Selling, general and administrative	36			167,739			84,450			—			252,225
Depreciation and amortization	32			96,170			60,018			—			156,220
(Gain) Loss on disposal/write-down of property, plant and equipment, net	—			(462		)	(84		)	—			(546		)
Total Operating Expenses	68			519,112			345,704			(5,521		)	859,363
Operating (Loss) Income	(68		)	123,956			77,572			—			201,460
Interest Expense (Income), Net(1)	50,313			3,005			48,878			—			102,196
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			57,092			—			118,320
Provision (Benefit) for Income Taxes	—			12,509			13,548			—			26,057
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(144,909		)	(38,071		)	—			182,980			—
Income (Loss) from Continuing Operations	91,761			139,938			43,544			(182,980		)	92,263
(Loss) Income from Discontinued Operations	—			(273		)	(87		)	—			(360		)
Net Income (Loss)	91,761			139,665			43,457			(182,980		)	91,903
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			142			—			142
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	91,761		$	139,665		$	43,315		$	(182,980	)	$	91,761
Net Income (Loss)	$	91,761		$	139,665		$	43,457		$	(182,980	)	$	91,903
Other Comprehensive (Loss) Income:
Foreign Currency Translation Adjustment	10,257			—			(149,429		)	—			(139,172		)
Change in fair value of interest rate swap agreements	2,388			—			—			—			2,388
Equity in Other Comprehensive (Loss) Income of Subsidiaries	(146,018		)	(129,860		)	—			275,878			—
Total Other Comprehensive (Loss) Income	(133,373		)	(129,860		)	(149,429		)	275,878			(136,784		)
Comprehensive (Loss) Income	(41,612		)	9,805			(105,972		)	92,898			(44,881		)
Comprehensive (Loss) Income Attributable to Noncontrolling Interests	—			—			(3,274		)	—			(3,274		)
Comprehensive (Loss) Income Attributable to Iron Mountain Incorporated	$	(41,612	)	$	9,805		$	(102,698	)	$	92,898		$	(41,607	)

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(1)	Included within Interest Expense (Income), Net are intercompany management fees and royalty fees, which are eliminated in our consolidated financial statements.

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



	Six Months Ended June 30, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Revenues:
Storage rental	$	—		$	814,900		$	517,362		$	—		$	1,332,262
Service	—			485,783			302,725			—			788,508
Intercompany revenues	—			2,312			9,463			(11,775		)	—
Total Revenues	—			1,302,995			829,550			(11,775		)	2,120,770
Operating Expenses:
Cost of sales (excluding depreciation and amortization)	—			523,812			402,834			—			926,646
Intercompany cost of sales	—			9,463			2,312			(11,775		)	—
Selling, general and administrative	149			361,265			161,909			—			523,323
Depreciation and amortization	45			207,548			119,221			—			326,814
Loss (Gain) on disposal/write-down of property, plant and equipment, net	—			27,360			(35,163		)	—			(7,803		)
Total Operating Expenses	194			1,129,448			651,113			(11,775		)	1,768,980
Operating (Loss) Income	(194		)	173,547			178,437			—			351,790
Interest Expense (Income), Net(1)	99,226			12,697			95,827			—			207,750
Other Expense (Income), Net	541			5,014			(5,537		)	—			18
(Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes	(99,961		)	155,836			88,147			—			144,022
Provision (Benefit) for Income Taxes	—			2,454			18,745			—			21,199
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(221,963		)	(65,552		)	—			287,515			—
Income (Loss) from Continuing Operations	122,002			218,934			69,402			(287,515		)	122,823
Income (Loss) from Discontinued Operations	—			120			(16		)	—			104
Net Income (Loss)	122,002			219,054			69,386			(287,515		)	122,927
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			925			—			925
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	122,002		$	219,054		$	68,461		$	(287,515	)	$	122,002
Net Income (Loss)	$	122,002		$	219,054		$	69,386		$	(287,515	)	$	122,927
Other Comprehensive Income (Loss):
Foreign Currency Translation Adjustments	1,861			—			10,539			—			12,400
Change in fair value of interest rate swap agreements	(7,605		)	—			—			—			(7,605		)
Equity in Other Comprehensive Income (Loss) of Subsidiaries	9,587			8,277			—			(17,864		)	—
Total Other Comprehensive Income (Loss)	3,843			8,277			10,539			(17,864		)	4,795
Comprehensive Income (Loss)	125,845			227,331			79,925			(305,379		)	127,722
Comprehensive Income (Loss) Attributable to Noncontrolling Interests	—			—			1,877			—			1,877
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	125,845		$	227,331		$	78,048		$	(305,379	)	$	125,845

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(1)	Included within Interest Expense (Income), Net are intercompany management fees and royalty fees, which are eliminated in our consolidated financial statements.

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	$	—		$	793,925		$	512,663		$	—		$	1,306,588
Service	—			474,633			322,060			—			796,693
Intercompany revenues	—			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)	—			497,523			402,662			—			900,185
Intercompany cost of sales	—			8,796			2,421			(11,217		)	—
Selling, general and administrative	79			353,087			176,229			—			529,395
Depreciation and amortization	65			198,616			118,117			—			316,798
(Gain) Loss on disposal/write-down of property, plant and equipment, net	—			(818		)	(858		)	—			(1,676		)
Total Operating Expenses	144			1,057,204			698,571			(11,217		)	1,744,702
Operating (Loss) Income	(144		)	213,775			144,948			—			358,579
Interest Expense (Income), Net(1)	100,254			1,497			98,147			—			199,898
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			55,451			—			157,586
Provision (Benefit) for Income Taxes	—			5,797			20,137			—			25,934
Equity in the (Earnings) Losses of Subsidiaries, Net of Tax	(232,228		)	(28,981		)	—			261,209			—
Income (Loss) from Continuing Operations	130,220			227,327			35,314			(261,209		)	131,652
(Loss) Income from Discontinued Operations	—			(695		)	(127		)	—			(822		)
Net Income (Loss)	130,220			226,632			35,187			(261,209		)	130,830
Less: Net Income (Loss) Attributable to Noncontrolling Interests	—			—			610			—			610
Net Income (Loss) Attributable to Iron Mountain Incorporated	$	130,220		$	226,632		$	34,577		$	(261,209	)	$	130,220
Net Income (Loss)	$	130,220		$	226,632		$	35,187		$	(261,209	)	$	130,830
Other Comprehensive (Loss) Income:
Foreign Currency Translation Adjustment	4,622			—			(112,143		)	—			(107,521		)
Change in fair value of interest rate swap agreements	2,203			—			—			—			2,203
Equity in Other Comprehensive (Loss) Income of Subsidiaries	(110,286		)	(91,524		)	—			201,810			—
Total Other Comprehensive (Loss) Income	(103,461		)	(91,524		)	(112,143		)	201,810			(105,318		)
Comprehensive Income (Loss)	26,759			135,108			(76,956		)	(59,399		)	25,512
Comprehensive (Loss) Income Attributable to Noncontrolling Interests	—			—			(1,247		)	—			(1,247		)
Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated	$	26,759		$	135,108		$	(75,709	)	$	(59,399	)	$	26,759

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(1)	Included within Interest Expense (Income), Net are intercompany management fees and royalty fees, which are eliminated in our consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS



	Six Months Ended June 30, 2019
	Parent			Guarantors			Non- Guarantors			Eliminations			Consolidated
Cash Flows from Operating Activities:
Cash Flows from Operating Activities—Continuing Operations	$	(75,316	)	$	397,474		$	107,573		$	—		$	429,731
Cash Flows from Operating Activities—Discontinued Operations	—			—			—			—			—
Cash Flows from Operating Activities	(75,316		)	397,474			$	107,573		$	—		$	429,731
Cash Flows from Investing Activities:
Capital expenditures	—			(201,784		)	(165,347		)	—			(367,131		)
Cash paid for acquisitions, net of cash acquired	—			(9,508		)	(35,143		)	—			(44,651		)
Intercompany loans to subsidiaries	430,274			10,696			—			(440,970		)	—
Acquisitions of customer relationships, customer inducements and data center lease-based intangibles	—			(68,153		)	(22,409		)	—			(90,562		)
Investments in joint ventures (see Note 9)	—			(19,222		)	—			—			(19,222		)
Proceeds from sales of property and equipment and other, net	—			54			46,778			—			46,832
Cash Flows from Investing Activities—Continuing Operations	430,274			(287,917		)	(176,121		)	(440,970		)	(474,734		)
Cash Flows from Investing Activities—Discontinued Operations	—			2,564			2,497			—			5,061
Cash Flows from Investing Activities	430,274			(285,353		)	(173,624		)	(440,970		)	(469,673		)
Cash Flows from Financing Activities:
Repayment of revolving credit facility, term loan facilities and other debt	—			(837,712		)	(1,765,210		)	—			(2,602,922		)
Proceeds from revolving credit facility, term loan facilities and other debt	—			1,209,304			1,788,803			—			2,998,107
Debit (payments) balances under cash pools	—			(10,612		)	14,483			(3,871		)	—
Debt (repayment to) financing from and equity (distribution to) contribution from noncontrolling interests, net	—			—			(999		)	—			(999		)
Intercompany loans from parent	—			(410,198		)	(30,772		)	440,970			—
Parent cash dividends	(353,357		)	—			—			—			(353,357		)
Net (payments) proceeds associated with employee stock-based awards	(1,727		)	—			—			—			(1,727		)
Cash Flows from Financing Activities—Continuing Operations	(355,084		)	(49,218		)	6,305			437,099			39,102
Cash Flows from Financing Activities—Discontinued Operations	—			—			—			—			—
Cash Flows from Financing Activities	(355,084		)	(49,218		)	6,305			437,099			39,102
Effect of exchange rates on cash and cash equivalents	—			—			(2,649		)	—			(2,649		)
(Decrease) Increase in cash and cash equivalents	(126		)	62,903			(62,395		)	(3,871		)	(3,489		)
Cash and cash equivalents, including Restricted Cash, beginning of period	132			61,650			169,318			(65,615		)	165,485
Cash and cash equivalents, including Restricted Cash, end of period	$	6		$	124,553		$	106,923		$	(69,486	)	$	161,996

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		)	—
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	—			—			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 facility, term loan facilities and other debt	—			(3,657,315		)	(4,219,481		)	—			(7,876,796		)
Proceeds from revolving credit facility, 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 (repayment to) financing from and equity (distribution to) contribution from 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		)
(Decrease) Increase in cash and cash equivalents	(2,371		)	(584,261		)	(155,682		)	4,807			(737,507		)
Cash and cash equivalents, including Restricted Cash, beginning of period	2,433			634,317			383,675			(94,726		)	925,699
Cash and cash equivalents, including Restricted Cash, end of period	$	62		$	50,056		$	227,993		$	(89,919	)	$	188,192