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Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of analysis of business segment information
An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three and six months ended June 30, 2021 and 2020 is as follows:
THREE MONTHS ENDED
JUNE 30,
SIX MONTHS ENDED
JUNE 30,
2021202020212020
Global RIM Business
Total Revenues$992,932 $877,102 $1,960,226 $1,833,521 
Adjusted EBITDA430,308 383,816 838,870 775,787 
Global Data Center Business
Total Revenues$76,977 $66,768 $148,085 $134,125 
Adjusted EBITDA33,432 30,558 63,864 61,454 
Corporate and Other Business
Total Revenues$49,847 $38,369 $93,485 $83,324 
Adjusted EBITDA(58,109)(54,912)(116,538)(111,780)
Total Consolidated
Total Revenues$1,119,756 $982,239 $2,201,796 $2,050,970 
Adjusted EBITDA405,631 359,462 786,196 725,461 
Schedule of reconciliation of net income
A reconciliation of Net Income (Loss) to Adjusted EBITDA on a consolidated basis for the three and six months ended June 30, 2021 and 2020 is as follows:
 THREE MONTHS ENDED
JUNE 30,
SIX MONTHS ENDED
JUNE 30,
2021202020212020
Net Income (Loss)$276,522 $(7,113)$323,153 $57,779 
Add/(Deduct):
Interest expense, net105,220 103,456 209,642 209,105 
Provision (benefit) for income taxes110,416 9,683 125,056 19,370 
Depreciation and amortization166,685 163,850 332,327 326,434 
Acquisition and Integration Costs2,277 — 2,277 — 
Restructuring Charges39,443 39,298 79,254 80,344 
Intangible impairments— — — 23,000 
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)(128,935)(1,275)(133,386)(2,330)
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures(189,605)23,239 (187,484)(21,792)
Stock-based compensation expense(1)
22,536 18,880 33,269 23,991 
COVID-19 Costs(2)
— 9,285 — 9,285 
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures1,072 159 2,088 275 
Adjusted EBITDA$405,631 $359,462 $786,196 $725,461 
(1) Stock-based compensation expense related to Project Summit is included within Restructuring Charges for the three and six months ended June 30, 2021 and 2020.
(2) Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends ("COVID-19 Costs"). These costs include the purchase of personal protective equipment for our employees and incremental cleaning costs of our facilities, among other direct costs.
Schedule of revenues by product and service lines by segment
Information as to our revenues by product and service lines by segment for the three and six months ended June 30, 2021 and 2020 are as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
2021202020212020
Global RIM Business
Records Management(1)
$765,818 $678,969 $1,517,941 $1,406,585 
Data Management(1)
118,239 119,259 236,653 245,157 
Information Destruction(1)(2)
108,875 78,874 205,632 181,779 
Data Center(1)
— — — — 
Global Data Center Business
Records Management(1)
$— $— $— $— 
Data Management(1)
— — — — 
Information Destruction(1)(2)
— — — — 
Data Center(1)
76,977 66,768 148,085 134,125 
Corporate and Other Business
Records Management(1)
$34,041 $21,079 $61,008 $49,955 
Data Management(1)
15,806 17,290 32,477 33,369 
Information Destruction(1)(2)
— — — — 
Data Center(1)
— — — — 
Total Consolidated
Records Management(1)
$799,859 $700,048 $1,578,949 $1,456,540 
Data Management(1)
134,045 136,549 269,130 278,526 
Information Destruction(1)(2)
108,875 78,874 205,632 181,779 
Data Center(1)
76,977 66,768 148,085 134,125 
(1)Each of the offerings within our product and service lines has a component of revenue that is storage rental related and a component that is service revenues, except for information destruction, which does not have a storage rental component.
(2)Includes secure shredding services.