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Segment Information (Tables)
12 Months Ended
Dec. 31, 2020
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, 2020
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,820,709 $1,504,770 $933,522 $4,259,001 
Interconnection622,327 213,490 187,441 1,023,258 
Managed infrastructure120,159 127,722 89,464 337,345 
Other (1)
19,605 18,738 83 38,426 
Recurring revenues2,582,800 1,864,720 1,210,510 5,658,030 
Non-recurring revenues124,958 131,669 83,888 340,515 
Total$2,707,758 $1,996,389 $1,294,398 $5,998,545 
(1)    Includes some leasing and hedging activities.
(2)    Includes revenues of $2.5 billion attributed to the U.S.
Twelve Months Ended December 31, 2019
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,769,654 $1,395,544 $857,009 $4,022,207 
Interconnection576,709 161,552 155,328 893,589 
Managed infrastructure90,262 113,631 88,735 292,628 
Other (1)
19,743 10,019 — 29,762 
Recurring revenues2,456,368 1,680,746 1,101,072 5,238,186 
Non-recurring revenues131,359 125,698 66,897 323,954 
Total$2,587,727 $1,806,444 $1,167,969 $5,562,140 
(1)    Includes some leasing and hedging activities.
(2)    Includes revenues of $2.4 billion attributed to the U.S.
Twelve Months Ended December 31, 2018
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,732,998 $1,201,769 $735,404 $3,670,171 
Interconnection532,163 138,874 130,928 801,965 
Managed infrastructure75,595 118,685 85,352 279,632 
Other (1)
16,570 8,164 — 24,734 
Recurring revenues2,357,326 1,467,492 951,684 4,776,502 
Non-recurring revenues127,408 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.
(2)    Includes revenues of $2.3 billion attributed to the U.S.
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):
202020192018
Adjusted EBITDA:
Americas
$1,186,022 $1,237,622 $1,183,831 
EMEA
974,246 827,980 698,280 
Asia-Pacific
692,630 622,125 531,129 
Total adjusted EBITDA
2,852,898 2,687,727 2,413,240 
Depreciation, amortization and accretion expense(1,427,010)(1,285,296)(1,226,741)
Stock-based compensation expense(311,020)(236,539)(180,716)
Transaction costs(55,935)(24,781)(34,413)
Impairment charges(7,306)(15,790)— 
Gain on asset sales1,301 44,310 6,013 
Income from operations
$1,052,928 $1,169,631 $977,383 
Continuing Operations
The Company provides the following segment disclosures related to its operations as follows for the years ended December 31 (in thousands):
202020192018
Depreciation and amortization:
Americas
$729,611 $669,498 $636,214 
EMEA
389,332 353,765 355,895 
Asia-Pacific
304,426 261,574 235,380 
Total$1,423,369 $1,284,837 $1,227,489 
Capital expenditures:
Americas
$866,989 $805,360 $773,514 
EMEA
888,239 733,326 884,790 
Asia-Pacific
527,276 540,835 437,870 
Total$2,282,504 $2,079,521 $2,096,174 
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):
20202019
Americas (1)
$6,429,861 $5,400,287 
EMEA5,002,271 4,051,701 
Asia-Pacific3,070,952 2,700,609 
Total Property, plant and equipment, net$14,503,084 $12,152,597 
(1)Includes $5.2 billion and $4.8 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2020 and 2019.
20202019
Americas (1)
$363,515 $387,598 
EMEA547,547 521,129 
Asia-Pacific563,995 566,640 
Total Operating lease right-of-use assets$1,475,057 $1,475,367 
(1)Includes $334.7 million and $373.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2020 and 2019, respectively.