Segment Information (Tables)

9 Months Ended

Sep. 30, 2018

The Company defines adjusted EBITDA as income from operations excluding depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, acquisition costs and gain on asset sales as presented below (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Adjusted EBITDA:
Americas	$	296,003		$	292,101		$	881,507		$	748,871
EMEA	179,797			146,464			516,790			417,640
Asia-Pacific	136,726			111,754			397,748			320,690
Total adjusted EBITDA	612,526			550,319			1,796,045			1,487,201
Depreciation, amortization and accretion expense	(306,318		)	(277,719		)	(921,611		)	(749,118		)
Stock-based compensation expense	(47,588		)	(45,654		)	(139,849		)	(129,602		)
Acquisition costs	1,120			(2,083		)	(33,932		)	(31,510		)
Gain on asset sale	6,013			—			6,013			—
Income from operations	$	265,753		$	224,863		$	706,666		$	576,971

Segment Disclosures

The Company also provides the following additional segment disclosures (in thousands):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Depreciation and amortization:
Americas	$	157,458	$	151,072	$	474,958	$	363,341
EMEA	88,813		75,276		270,585		230,406
Asia-Pacific	59,455		52,063		175,082		156,456
Total	$	305,726	$	278,411	$	920,625	$	750,203
Capital expenditures:
Americas	$	226,127	$	151,310	$	573,733	$	465,424
EMEA	238,372		112,578		615,140		347,647
Asia-Pacific	81,042		56,346		226,636		132,977
Total	$	545,541	$	320,234	$	1,415,509	$	946,048

Segment Long-Lived Assets

The Company's long-lived assets are located in the following geographic areas as of (in thousands):



	September 30, 2018		December 31, 2017
Americas	$	4,949,906	$	4,425,077
EMEA	3,602,758		3,265,088
Asia-Pacific	2,130,162		1,704,437
Total long-lived assets	$	10,682,826	$	9,394,602

Revenue Information Disaggregated by Service Line and Geographic Areas

The following tables present revenue information disaggregated by service lines and geographic areas (in thousands):



	Three Months Ended September 30, 2018								Nine Months Ended September 30, 2018
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation ⁽¹⁾	$	433,828	$	305,072	$	191,143	$	930,043	$	1,294,848	$	886,651	$	543,513	$	2,725,012
Interconnection	134,159		34,640		33,318		202,117		395,132		103,586		96,011		594,729
Managed infrastructure	18,698		28,387		20,848		67,933		55,525		88,804		64,212		208,541
Other ⁽¹⁾	5,161		2,552		—		7,713		11,220		6,682		—		17,902
Recurring revenues	591,846		370,651		245,309		1,207,806		1,756,725		1,085,723		703,736		3,546,184
Non-recurring revenues	33,838		26,104		16,003		75,945		89,861		73,830		51,696		215,387
Total	$	625,684	$	396,755	$	261,312	$	1,283,751	$	1,846,586	$	1,159,553	$	755,432	$	3,761,571

⁽¹⁾Includes some leasing and hedging activities that are insignificant to the Company's total operations.



	Three Months Ended September 30, 2017								Nine Months Ended September 30, 2017
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation ⁽¹⁾	$	422,244	$	268,365	$	152,071	$	842,680	$	1,096,281	$	781,303	$	438,849	$	2,316,433
Interconnection	124,377		27,574		27,593		179,544		341,475		73,580		78,233		493,288
Managed infrastructure	18,359		22,465		22,454		63,278		50,425		59,342		66,313		176,080
Other ⁽¹⁾	1,056		2,475		—		3,531		3,878		7,842		—		11,720
Recurring revenues	566,036		320,879		202,118		1,089,033		1,492,059		922,067		583,395		2,997,521
Non-recurring revenues	30,502		17,954		14,772		63,228		74,534		54,557		41,595		170,686
Total	$	596,538	$	338,833	$	216,890	$	1,152,261	$	1,566,593	$	976,624	$	624,990	$	3,168,207

⁽¹⁾Includes some leasing and hedging activities that are insignificant to the Company's total operations.