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Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020								Six Months Ended June 30, 2020
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation ⁽¹⁾	$	447,498	$	381,144	$	228,803	$	1,057,445	$	898,452	$	743,474	$	449,896	$	2,091,822
Interconnection	153,387		50,904		45,140		249,431		304,316		99,445		87,811		491,572
Managed infrastructure	28,889		29,012		22,150		80,051		54,418		59,149		43,974		157,541
Other ⁽¹⁾	5,081		6,130		—		11,211		10,301		8,596		—		18,897
Recurring revenues	634,855		467,190		296,093		1,398,138		1,267,487		910,664		581,681		2,759,832
Non-recurring revenues	26,564		20,900		24,519		71,983		55,837		56,335		42,659		154,831
Total	$	661,419	$	488,090	$	320,612	$	1,470,121	$	1,323,324	$	966,999	$	624,340	$	2,914,663

⁽¹⁾Includes some leasing and hedging activities.



	Three Months Ended June 30, 2019								Six Months Ended June 30, 2019
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation ⁽¹⁾	$	444,086	$	347,795	$	213,734	$	1,005,615	$	884,067	$	678,920	$	423,399	$	1,986,386
Interconnection	142,460		38,614		37,957		219,031		281,023		76,139		74,653		431,815
Managed infrastructure	22,908		28,397		22,467		73,772		44,695		57,485		44,387		146,567
Other⁽¹⁾	5,352		2,275		—		7,627		11,331		4,774		—		16,105
Recurring revenues	614,806		417,081		274,158		1,306,045		1,221,116		817,318		542,439		2,580,873
Non-recurring revenues	29,614		32,774		16,544		78,932		67,670		67,197		32,455		167,322
Total	$	644,420	$	449,855	$	290,702	$	1,384,977	$	1,288,786	$	884,515	$	574,894	$	2,748,195

⁽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 or loss on asset sales as presented below (in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Adjusted EBITDA:
Americas	$	302,107		$	309,052		$	595,720		$	616,890
EMEA	243,597			209,645			473,755			408,717
Asia-Pacific	174,337			158,313			334,776			311,558
Total adjusted EBITDA	720,041			677,010			1,404,251			1,337,165
Depreciation, amortization and accretion expense	(348,434		)	(320,550		)	(685,865		)	(635,255		)
Stock-based compensation expense	(75,844		)	(61,519		)	(156,410		)	(110,542		)
Impairment charges	—			(386		)	—			(14,834		)
Transaction costs	(13,617		)	(2,774		)	(25,147		)	(5,245		)
Gain (loss) on asset sales	342			—			(857		)	—
Income from operations	$	282,488		$	291,781		$	535,972		$	571,289

Segment disclosures

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



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Depreciation and amortization:
Americas	$	180,934	$	167,244	$	352,008	$	334,014
EMEA	93,012		87,980		185,386		172,145
Asia-Pacific	74,647		64,000		147,068		126,243
Total	$	348,593	$	319,224	$	684,462	$	632,402
Capital expenditures:
Americas	$	181,913	$	173,623	$	366,314	$	318,118
EMEA	197,264		170,851		319,392		335,206
Asia-Pacific	102,771		99,697		197,183		154,814
Total	$	481,948	$	444,171	$	882,889	$	808,138

Segment long-lived assets

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



	June 30, 2020		December 31, 2019
Americas	$	5,649,000	$	5,400,287
EMEA	4,321,446		4,051,701
Asia-Pacific	2,693,381		2,700,609
Total Property, plant and equipment, net	$	12,663,827	$	12,152,597

Americas	$	368,959	$	387,598
EMEA	498,334		521,129
Asia-Pacific	528,808		566,640
Total Operating lease right-of-use assets	$	1,396,101	$	1,475,367