Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Revenue Information by Category

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

	Twelve Months Ended December 31, 2019
	Americas (2)		EMEA		Asia-Pacific		Total
Colocation (1)	$	1,769,654	$	1,395,544	$	857,009	$	4,022,207
Interconnection	576,709		161,552		155,328		893,589
Managed infrastructure	90,262		113,631		88,735		292,628
Other (1)	19,743		10,019		—		29,762
Recurring revenues	2,456,368		1,680,746		1,101,072		5,238,186
Non-recurring revenues	131,359		125,698		66,897		323,954
Total	$	2,587,727	$	1,806,444	$	1,167,969	$	5,562,140

⁽¹⁾  Includes some leasing and hedging activities. For further information on revenue recognition, see Note 1 and Note 2 above.

⁽²⁾  Includes revenues of $2.4 billion attributed to the U.S.

	Twelve Months Ended December 31, 2018
	Americas (2)		EMEA		Asia-Pacific		Total
Colocation (1)	$	1,732,998	$	1,201,769	$	735,404	$	3,670,171
Interconnection	532,163		138,874		130,928		801,965
Managed infrastructure	75,595		118,685		85,352		279,632
Other (1)	16,570		8,164		—		24,734
Recurring revenues	2,357,326		1,467,492		951,684		4,776,502
Non-recurring revenues	127,408		95,145		72,599		295,152
Total	$	2,484,734	$	1,562,637	$	1,024,283	$	5,071,654

⁽¹⁾  Includes some leasing and hedging activities. For further information on revenue recognition, see Note 1 and Note 2 above.

⁽²⁾  Includes revenues of $2.3 billion attributed to the U.S.

	Twelve Months Ended December 31, 2017
	Americas (2)		EMEA		Asia-Pacific		Total
Colocation (1)	$	1,518,929	$	1,063,543	$	595,673	$	3,178,145
Interconnection	469,268		104,891		107,014		681,173
Managed infrastructure	68,937		88,122		88,110		245,169
Other (1)	5,218		10,415		—		15,633
Recurring revenues	2,062,352		1,266,971		790,797		4,120,120
Non-recurring revenues	110,408		79,285		58,615		248,308
Total	$	2,172,760	$	1,346,256	$	849,412	$	4,368,428

⁽¹⁾ 

Includes some leasing and hedging activities. For further information on revenue recognition, see Note 1 and Note 2 above.

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 for the years ended December 31 (in thousands):

	2019			2018			2017
Adjusted EBITDA:
Americas	$	1,237,622		$	1,183,831		$	1,034,694
EMEA	827,980			698,280			582,697
Asia-Pacific	622,125			531,129			434,650
Total adjusted EBITDA	2,687,727			2,413,240			2,052,041
Depreciation, amortization and accretion expense	(1,285,296		)	(1,226,741		)	(1,028,892		)
Stock-based compensation expense	(236,539		)	(180,716		)	(175,500		)
Transaction costs	(24,781		)	(34,413		)	(38,635		)
Impairment charges	(15,790		)	—			—
Gain on asset sales	44,310			6,013			—
Income from operations	$	1,169,631		$	977,383		$	809,014

Continuing Operations

The Company's long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are located in the following geographic areas as of December 31 (in thousands):

	2019		2018
Americas (1)	$	5,400,287	$	5,010,507
EMEA	4,051,701		3,726,596
Asia-Pacific	2,700,609		2,288,917
Total Property, plant and equipment, net	$	12,152,597	$	11,026,020

⁽¹⁾  Includes $4.8 billion and $4.6 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2019 and 2018.

	2019		2018
Americas (1)	$	387,598	$	—
EMEA	521,129		—
Asia-Pacific	566,640		—
Total Operating lease right-of-use assets	$	1,475,367	$	—

⁽¹⁾ 

Includes $373.7 million of operating lease right-of-use assets attributed to the U.S. as of December 31, 2019.

The Company provides the following segment disclosures related to its operations as follows for the years ended December 31 (in thousands):

	2019		2018		2017
Depreciation and amortization:
Americas	$	669,498	$	636,214	$	515,726
EMEA	353,765		355,895		316,250
Asia-Pacific	261,574		235,380		210,504
Total	$	1,284,837	$	1,227,489	$	1,042,480
Capital expenditures:
Americas	$	805,360	$	773,514	$	621,158
EMEA	733,326		884,790		555,346
Asia-Pacific	540,835		437,870		202,221
Total	$	2,079,521	$	2,096,174	$	1,378,725