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Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
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, 2020Nine Months Ended September 30, 2020
AmericasEMEAAsia-PacificTotalAmericasEMEAAsia-PacificTotal
Colocation (1)
$450,030 $391,773 $236,762 $1,078,565 $1,348,482 $1,135,247 $686,658 $3,170,387 
Interconnection156,677 55,700 48,565 260,942 460,993 155,145 136,376 752,514 
Managed infrastructure28,954 30,690 22,614 82,258 83,372 89,839 66,588 239,799 
Other (1)
3,911 5,581 815 10,307 14,212 14,177 815 29,204 
Recurring revenues639,572 483,744 308,756 1,432,072 1,907,059 1,394,408 890,437 4,191,904 
Non-recurring revenues32,760 34,339 20,596 87,695 88,597 90,674 63,255 242,526 
Total$672,332 $518,083 $329,352 $1,519,767 $1,995,656 $1,485,082 $953,692 $4,434,430 
(1) Includes some leasing and hedging activities.
Three Months Ended September 30, 2019Nine Months Ended September 30, 2019
AmericasEMEAAsia-PacificTotalAmericasEMEAAsia-PacificTotal
Colocation (1)
$441,596 $357,201 $214,304 $1,013,101 $1,325,663 $1,036,121 $637,703 $2,999,487 
Interconnection146,212 41,063 39,495 226,770 427,235 117,202 114,148 658,585 
Managed infrastructure24,082 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 revenues615,282 427,702 276,352 1,319,336 1,836,398 1,245,020 818,791 3,900,209 
Non-recurring revenues29,993 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.
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
September 30,
Nine Months Ended
September 30,
 2020201920202019
Adjusted EBITDA:
Americas$290,550 $306,656 $886,270 $923,546 
EMEA263,216 212,518 736,971 621,235 
Asia-Pacific183,479 155,528 518,255 467,086 
Total adjusted EBITDA737,245 674,702 2,141,496 2,011,867 
Depreciation, amortization and accretion expense(362,286)(321,746)(1,048,151)(957,001)
Stock-based compensation expense(75,248)(63,871)(231,658)(174,413)
Impairment charges(7,306)(1,189)(7,306)(16,023)
Transaction costs(5,840)(2,991)(30,987)(8,236)
Gain on asset sales1,785 463 928 463 
Income from operations$288,350 $285,368 $824,322 $856,657 
Segment disclosures
The Company also provides the following additional segment disclosures (in thousands):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2020201920202019
Depreciation and amortization:
Americas$182,537 $168,999 $534,545 $503,013 
EMEA100,861 86,607 286,247 258,752 
Asia-Pacific77,290 66,285 224,358 192,528 
Total$360,688 $321,891 $1,045,150 $954,293 
Capital expenditures:
Americas$237,737 $203,281 $604,051 $521,399 
EMEA249,310 171,293 568,702 506,499 
Asia-Pacific78,238 182,248 275,421 337,062 
Total$565,285 $556,822 $1,448,174 $1,364,960 
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):
September 30,
2020
December 31,
2019
Americas$5,717,181 $5,400,287 
EMEA4,566,129 4,051,701 
Asia-Pacific2,827,244 2,700,609 
Total Property, plant and equipment, net$13,110,554 $12,152,597 
Americas$356,465 $387,598 
EMEA511,294 521,129 
Asia-Pacific568,578 566,640 
Total Operating lease right-of-use assets
$1,436,337 $1,475,367