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Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of revenue information disaggregated by service lines and geographic areas

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



	Three Months Ended September 30, 2019								Nine Months Ended September 30, 2019
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation ⁽¹⁾	$	441,596	$	357,201	$	214,304	$	1,013,101	$	1,325,663	$	1,036,121	$	637,703	$	2,999,487
Interconnection	146,212		41,063		39,495		226,770		427,235		117,202		114,148		658,585
Managed infrastructure	24,082		27,651		22,553		74,286		68,777		85,136		66,940		220,853
Other ⁽¹⁾	3,392		1,787		—		5,179		14,723		6,561		—		21,284
Recurring revenues	615,282		427,702		276,352		1,319,336		1,836,398		1,245,020		818,791		3,900,209
Non-recurring revenues	29,993		30,438		17,043		77,474		97,663		97,635		49,498		244,796
Total	$	645,275	$	458,140	$	293,395	$	1,396,810	$	1,934,061	$	1,342,655	$	868,289	$	4,145,005

⁽¹⁾Includes some leasing and hedging activities.



	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.

Schedule of Adjusted EBITDA

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Adjusted EBITDA:
Americas	$	306,656		$	296,003		$	923,546		$	881,507
EMEA	212,518			179,797			621,235			516,790
Asia-Pacific	155,528			136,726			467,086			397,748
Total adjusted EBITDA	674,702			612,526			2,011,867			1,796,045
Depreciation, amortization and accretion expense	(321,746		)	(306,318		)	(957,001		)	(921,611		)
Stock-based compensation expense	(63,871		)	(47,588		)	(174,413		)	(139,849		)
Impairment charges	(1,189		)	—			(16,023		)	—
Transaction costs	(2,991		)	1,120			(8,236		)	(33,932		)
Gain on asset sale	463			6,013			463			6,013
Income from operations	$	285,368		$	265,753		$	856,657		$	706,666

Segment Disclosures

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Depreciation and amortization:
Americas	$	168,999	$	157,458	$	503,013	$	474,958
EMEA	86,607		88,813		258,752		270,585
Asia-Pacific	66,285		59,455		192,528		175,082
Total	$	321,891	$	305,726	$	954,293	$	920,625
Capital expenditures:
Americas	$	203,281	$	226,127	$	521,399	$	573,733
EMEA	171,293		238,372		506,499		615,140
Asia-Pacific	182,248		81,042		337,062		226,636
Total	$	556,822	$	545,541	$	1,364,960	$	1,415,509

Segment Long-Lived Assets

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



	September 30, 2019		December 31, 2018
Americas	$	5,146,358	$	5,010,507
EMEA	3,610,597		3,726,596
Asia-Pacific	2,472,242		2,288,917
Total long-lived assets	$	11,229,197	$	11,026,020