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Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
While we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes.
The following tables present revenue information disaggregated by product lines and geographic areas (in thousands):
Year Ended December 31, 2021
Americas EMEAAsia-PacificTotal
Colocation (1)
$2,002,253 $1,597,830 $1,042,131 $4,642,214 
Interconnection678,677 259,538 223,287 1,161,502 
Managed infrastructure168,577 124,937 87,343 380,857 
Other (1)
12,430 19,626 3,856 35,912 
Recurring revenues2,861,937 2,001,931 1,356,617 6,220,485 
Non-recurring revenues159,814 153,285 101,953 415,052 
Total$3,021,751 $2,155,216 $1,458,570 $6,635,537 
(1)    Includes some leasing and hedging activities.
Year Ended December 31, 2020
Americas 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.
Year Ended December 31, 2019
AmericasEMEAAsia-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.
Total revenues attributed to the U.S. were $2.6 billion, $2.5 billion and $2.4 billion for the year ended December 31, 2021, 2020, and 2019, respectively. There is no country outside of the U.S. from which we derived revenues that exceeded 10% of our total revenues during any of these periods. No single customer accounted for 10% or greater of our accounts receivable or revenues for the year ended December 31, 2021, 2020, and 2019.
We define 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 for the years ended December 31 (in thousands):
202120202019
Adjusted EBITDA:
Americas
$1,326,460 $1,186,022 $1,237,622 
EMEA
1,033,333 974,246 827,980 
Asia-Pacific
784,591 692,630 622,125 
Total adjusted EBITDA
3,144,384 2,852,898 2,687,727 
Depreciation, amortization and accretion expense(1,660,524)(1,427,010)(1,285,296)
Stock-based compensation expense(363,774)(311,020)(236,539)
Transaction costs(22,769)(55,935)(24,781)
Impairment charges— (7,306)(15,790)
Gain on asset sales10,845 1,301 44,310 
Income from operations
$1,108,162 $1,052,928 $1,169,631 
We also provide the following segment disclosures related to our operations as follows for the years ended December 31 (in thousands):
202120202019
Depreciation and amortization:
Americas
$865,910 $729,611 $669,498 
EMEA
455,651 389,332 353,765 
Asia-Pacific
334,729 304,426 261,574 
Total$1,656,290 $1,423,369 $1,284,837 
Capital expenditures:
Americas
$970,217 $866,989 $805,360 
EMEA
1,049,279 888,239 733,326 
Asia-Pacific
732,016 527,276 540,835 
Total$2,751,512 $2,282,504 $2,079,521 
Our 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):
20212020
Americas (1)
$6,777,174 $6,429,861 
EMEA5,125,341 5,002,271 
Asia-Pacific3,543,260 3,070,952 
Total Property, plant and equipment, net$15,445,775 $14,503,084 
(1)Includes $5.4 billion and $5.2 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2021 and 2020.
20212020
Americas (1)
$297,300 $363,515 
EMEA470,330 547,547 
Asia-Pacific514,788 563,995 
Total Operating lease right-of-use assets$1,282,418 $1,475,057 
(1)Includes $271.0 million and $334.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2021 and 2020, respectively.