Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Revenue Information by Category

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

	Year Ended December 31, 2021
	Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	2,002,253	$	1,597,830	$	1,042,131	$	4,642,214
Interconnection	678,677		259,538		223,287		1,161,502
Managed infrastructure	168,577		124,937		87,343		380,857
Other (1)	12,430		19,626		3,856		35,912
Recurring revenues	2,861,937		2,001,931		1,356,617		6,220,485
Non-recurring revenues	159,814		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		EMEA		Asia-Pacific		Total
Colocation (1)	$	1,820,709	$	1,504,770	$	933,522	$	4,259,001
Interconnection	622,327		213,490		187,441		1,023,258
Managed infrastructure	120,159		127,722		89,464		337,345
Other (1)	19,605		18,738		83		38,426
Recurring revenues	2,582,800		1,864,720		1,210,510		5,658,030
Non-recurring revenues	124,958		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
	Americas		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.

Schedule of Adjusted EBITDA

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):

	2021		2020		2019
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 sales	10,845		1,301		44,310
Income from operations	$	1,108,162	$	1,052,928	$	1,169,631

Continuing Operations

We also provide the following segment disclosures related to our operations as follows for the years ended December 31 (in thousands):

	2021		2020		2019
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):

	2021		2020
Americas (1)	$	6,777,174	$	6,429,861
EMEA	5,125,341		5,002,271
Asia-Pacific	3,543,260		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.

	2021		2020
Americas (1)	$	297,300	$	363,515
EMEA	470,330		547,547
Asia-Pacific	514,788		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.