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Segment Data
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Data
Note 3: Segment Data
The Company reports its operations through the following segments: (1) Americas, (2) EMEA and (3) APAC. The Americas consists of operations located in the United States, Canada and key markets in Latin America. EMEA includes operations in the U.K., France, Netherlands and other markets in Europe and the Middle East. APAC includes operations in Australia, Singapore, China and other markets in the Asia Pacific region.
Adjusted EBITDA is the profitability metric reported to the chief operating decision maker (“CODM”) for purposes of making decisions about allocation of resources to each segment and assessing performance of each segment. The Company believes that investors find this measure useful in comparing our operating performance to that of other companies in our industry because these calculations generally eliminate integration and other costs related to mergers, pre-IPO stock-based compensation, the deferred payment obligation related to the acquisition of Cassidy Turley, acquisition related costs, and other items. Adjusted EBITDA also excludes the effects of financings, income tax and the non-cash accounting effects of depreciation and intangible asset amortization.
As segment assets are not reported to or used by the CODM to measure business performance or allocate resources, total segment assets and capital expenditures are not presented below.
Summarized financial information by segment is as follows (in millions):
 
 
 
 
 
Year Ended December 31,
 
% Change in USD
 
2019
2018
2017
 
2019 v 2018
2018 v 2017
Total Revenues
 
 
 
 
 
 
Americas
$
6,172.1

$
5,724.7

$
4,600.2

 
8
 %
24
 %
EMEA
1,038.2

999.8

863.3

 
4
 %
16
 %
APAC
1,540.7

1,495.4

1,460.4

 
3
 %
2
 %
Total Revenues
$
8,751.0

$
8,219.9

$
6,923.9

 
6
 %
19
 %
 
 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
 
Americas
$
499.8

$
450.3

$
344.6

 
11
 %
31
 %
EMEA
100.4

107.9

108.8

 
(7
)%
(1
)%
APAC
124.2

100.9

75.1

 
23
 %
34
 %
Reconciliation of Segment Adjusted EBITDA to Net Income (loss) (in millions):
 
Year Ended December 31,
 
2019
2018
2017
Adjusted EBITDA - Americas
$
499.8

$
450.3

$
344.6

Adjusted EBITDA - EMEA
100.4

107.9

108.8

Adjusted EBITDA - APAC
124.2

100.9

75.1

Less:
 
 
 
Depreciation and amortization
(296.7
)
(290.0
)
(270.6
)
Interest expense, net of interest income
(150.6
)
(228.8
)
(183.1
)
(Provision) Benefit from income taxes
(42.6
)
25.0

120.5

Integration and other costs related to merger
(112.5
)
(192.2
)
(328.3
)
Pre-IPO stock-based compensation
(43.9
)
(63.4
)
(27.1
)
Cassidy Turley deferred payment obligation

(33.0
)
(44.0
)
Acquisition related costs and other efficiency initiatives
(56.1
)
(52.5
)

Other
(21.8
)
(10.0
)
(17.2
)
Net income (loss)
$
0.2

$
(185.8
)
$
(221.3
)


Geographic Information
Revenue in the table below is allocated based upon the country in which services are performed (in millions):
 
Year Ended December 31,
 
2019
2018
2017
United States
$
5,861.5

$
5,403.6

$
4,298.7

Australia
556.6

589.5

711.3

United Kingdom
396.2

425.9

364.6

All other countries
1,936.7

1,800.9

1,549.3

 
$
8,751.0

$
8,219.9

$
6,923.9



The long-lived assets in the table below are comprised of property and equipment (in millions):
 
As of December 31,
 
2019
2018
United States
$
191.5

$
216.9

United Kingdom
45.7

40.5

All other countries
62.2

56.4

 
$
299.4

$
313.8