Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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 June 30, 2022								Six Months Ended June 30, 2022
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	541,988	$	433,339	$	281,635	$	1,256,962	$	1,064,159	$	847,908	$	564,250	$	2,476,317
Interconnection	187,491		66,845		60,841		315,177		368,594		134,985		120,828		624,407
Managed infrastructure	55,329		30,447		19,916		105,692		104,551		61,437		40,558		206,546
Other (1)	5,581		22,048		1,991		29,620		10,715		28,462		3,328		42,505
Recurring revenues	790,389		552,679		364,383		1,707,451		1,548,019		1,072,792		728,964		3,349,775
Non-recurring revenues	40,475		46,522		22,706		109,703		83,266		76,889		41,671		201,826
Total	$	830,864	$	599,201	$	387,089	$	1,817,154	$	1,631,285	$	1,149,681	$	770,635	$	3,551,601

(1) Includes some leasing and hedging activities.

	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	497,659	$	398,703	$	259,573	$	1,155,935	$	985,118	$	786,978	$	514,131	$	2,286,227
Interconnection	167,618		65,258		54,898		287,774		332,505		126,908		108,080		567,493
Managed infrastructure	40,734		31,176		22,094		94,004		79,219		63,287		44,843		187,349
Other (1)	451		3,682		616		4,749		2,489		8,728		1,109		12,326
Recurring revenues	706,462		498,819		337,181		1,542,462		1,399,331		985,901		668,163		3,053,395
Non-recurring revenues	44,181		39,110		32,166		115,457		77,252		70,745		52,591		200,588
Total	$	750,643	$	537,929	$	369,347	$	1,657,919	$	1,476,583	$	1,056,646	$	720,754	$	3,253,983

(1) Includes some leasing and hedging activities.

Schedule of adjusted EBITDA

We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, 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,
	2022		2021		2022		2021
Adjusted EBITDA:
Americas	$	376,224	$	325,924	$	732,779	$	670,416
EMEA	295,382		262,526		555,727		506,089
Asia-Pacific	188,726		208,827		371,538		394,004
Total adjusted EBITDA	860,332		797,277		1,660,044		1,570,509
Depreciation, amortization and accretion expense	(432,828)		(417,758)		(869,214)		(812,076)
Stock-based compensation expense	(104,682)		(94,335)		(194,634)		(172,685)
Transaction costs	(5,063)		(6,985)		(9,303)		(8,167)
Gain (loss) on asset sales	94		455		(1,724)		(1,265)
Interest income	4,508		374		6,614		1,103
Interest expense	(90,826)		(87,231)		(170,791)		(176,912)
Other expense	(6,238)		(39,377)		(15,787)		(46,327)
Gain (loss) on debt extinguishment	(420)		(102,460)		109		(115,518)
Income before income taxes	$	224,877	$	49,960	$	405,314	$	238,662

Segment disclosures

We also provide the following additional segment disclosures (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Depreciation and amortization:
Americas	$	229,223	$	222,134	$	458,932	$	425,567
EMEA	115,619		115,162		230,673		225,941
Asia-Pacific	88,428		78,945		179,005		159,750
Total	$	433,270	$	416,241	$	868,610	$	811,258
Capital expenditures:
Americas	$	225,102	$	250,342	$	410,148	$	455,516
EMEA	197,824		252,802		360,327		488,218
Asia-Pacific	61,904		189,088		126,873		312,096
Total	$	484,830	$	692,232	$	897,348	$	1,255,830

Segment long-lived assets

Our 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, 2022		December 31, 2021
Americas	$	7,012,690	$	6,777,174
EMEA	5,114,182		5,125,341
Asia-Pacific	3,328,308		3,543,260
Total property, plant and equipment, net	$	15,455,180	$	15,445,775
Americas	$	281,443	$	297,300
EMEA	438,353		470,330
Asia-Pacific	733,437		514,788
Total operating lease right-of-use assets	$	1,453,233	$	1,282,418