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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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):


	Year Ended December 31, 2022
	Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	2,187,751	$	1,744,121	$	1,150,738	$	5,082,610
Interconnection	756,214		268,398		243,664		1,268,276
Managed infrastructure	218,499		119,361		77,646		415,506
Other (1)	20,727		75,449		8,719		104,895
Recurring revenues	3,183,191		2,207,329		1,480,767		6,871,287
Non-recurring revenues	166,026		135,875		89,917		391,818
Total	$	3,349,217	$	2,343,204	$	1,570,684	$	7,263,105

(1) Includes some leasing and hedging activities.


	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.

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 for the years ended December 31 (in thousands):


	2022		2021		2020
Adjusted EBITDA:
Americas	$	1,521,775	$	1,326,460	$	1,186,022
EMEA	1,109,502		1,033,333		974,246
Asia-Pacific	738,423		784,591		692,630
Total adjusted EBITDA	3,369,700		3,144,384		2,852,898
Depreciation, amortization and accretion expense	(1,739,374)		(1,660,524)		(1,427,010)
Stock-based compensation expense	(403,983)		(363,774)		(311,020)
Transaction costs	(21,839)		(22,769)		(55,935)
Impairment charges	—		—		(7,306)
Gain (loss) on asset sales	(3,976)		10,845		1,301
Interest income	36,268		2,644		8,654
Interest expense	(356,337)		(336,082)		(406,466)
Other income (expense)	(51,417)		(50,647)		6,913
Gain (loss) on debt extinguishment	327		(115,125)		(145,804)
Income before income taxes	$	829,369	$	608,952	$	516,225

Schedule of Continuing Operations

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


	2022		2021		2020
Depreciation and amortization:
Americas	$	931,357	$	865,910	$	729,611
EMEA	458,156		455,651		389,332
Asia-Pacific	346,695		334,729		304,426
Total	$	1,736,208	$	1,656,290	$	1,423,369

Capital expenditures:
Americas	$	1,139,309	$	970,217	$	866,989
EMEA	750,569		1,049,279		888,239
Asia-Pacific	388,126		732,016		527,276
Total	$	2,278,004	$	2,751,512	$	2,282,504

Schedule of Segment Long-Lived Assets

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):


	2022		2021
Americas (1)	$	7,532,125	$	6,777,174
EMEA	5,577,498		5,125,341
Asia-Pacific	3,539,911		3,543,260
Total Property, plant and equipment, net	$	16,649,534	$	15,445,775

(1)Includes $6.0 billion and $5.4 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2022 and 2021.


	2022		2021
Americas (1)	$	263,148	$	297,300
EMEA	440,139		470,330
Asia-Pacific	724,663		514,788
Total Operating lease right-of-use assets	$	1,427,950	$	1,282,418

(1)Includes $244.7 million and $271.0 million of operating lease ROU assets attributed to the U.S. as of December 31, 2022 and 2021, respectively.