XML 74 R34.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023								Six Months Ended June 30, 2023
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	583,568	$	517,366	$	323,116	$	1,424,050	$	1,157,666	$	1,032,977	$	641,821	$	2,832,464
Interconnection	204,266		76,317		66,455		347,038		402,905		148,923		132,017		683,845
Managed infrastructure	60,539		32,891		18,195		111,625		121,399		64,315		37,158		222,872
Other (1)	5,086		26,292		3,479		34,857		9,958		51,492		7,019		68,469
Recurring revenues	853,459		652,866		411,245		1,917,570		1,691,928		1,297,707		818,015		3,807,650
Non-recurring revenues	36,254		33,891		30,693		100,838		80,160		80,267		48,540		208,967
Total	$	889,713	$	686,757	$	441,938	$	2,018,408	$	1,772,088	$	1,377,974	$	866,555	$	4,016,617

(1) Includes some leasing and hedging activities.


	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.

Schedule of Adjusted EBITDA

We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other 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,
	2023		2022		2023		2022
Adjusted EBITDA:
Americas	$	392,748	$	376,224	$	797,835	$	732,779
EMEA	294,814		295,382		621,327		555,727
Asia-Pacific	213,608		188,726		426,291		371,538
Total adjusted EBITDA	901,170		860,332		1,845,453		1,660,044
Depreciation, amortization and accretion expense	(460,461)		(432,828)		(919,456)		(869,214)
Stock-based compensation expense	(104,546)		(104,682)		(203,261)		(194,634)

Transaction costs	(5,718)		(5,063)		(7,318)		(9,303)
Gain (loss) on asset sales	1,941		94		1,089		(1,724)
Interest income	23,503		4,508		42,891		6,614
Interest expense	(99,973)		(90,826)		(197,454)		(170,791)
Other expense	(11,518)		(6,238)		(4,015)		(15,787)
Gain (loss) on debt extinguishment	—		(420)		254		109
Income before income taxes	$	244,398	$	224,877	$	558,183	$	405,314

Schedule of Segment Disclosures

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Depreciation and amortization:
Americas	$	252,782	$	229,223	$	497,496	$	458,932
EMEA	122,997		115,619		247,014		230,673
Asia-Pacific	85,857		88,428		174,226		179,005
Total	$	461,636	$	433,270	$	918,736	$	868,610
Capital expenditures:
Americas	$	392,864	$	225,102	$	693,539	$	410,148
EMEA	156,412		197,824		302,232		360,327
Asia-Pacific	88,883		61,904		171,988		126,873
Total	$	638,159	$	484,830	$	1,167,759	$	897,348

Schedule of 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, 2023		December 31, 2022
Americas	$	8,058,588	$	7,532,125
EMEA	5,785,034		5,577,498
Asia-Pacific	3,423,660		3,539,911
Total property, plant and equipment, net	$	17,267,282	$	16,649,534

Americas	$	407,039	$	263,148
EMEA	447,583		440,139
Asia-Pacific	674,442		724,663
Total operating lease right-of-use assets	$	1,529,064	$	1,427,950