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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
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, 2020 |  | Six Months Ended June 30, 2020
| Americas |  | EMEA |  | Asia-Pacific |  | Total |  | Americas |  | EMEA |  | Asia-Pacific |  | Total
Colocation (1) | $ | 447,498 |  |  | $ | 381,144 |  |  | $ | 228,803 |  |  | $ | 1,057,445 |  |  | $ | 898,452 |  |  | $ | 743,474 |  |  | $ | 449,896 |  |  | $ | 2,091,822 |
Interconnection | 153,387 |  |  | 50,904 |  |  | 45,140 |  |  | 249,431 |  |  | 304,316 |  |  | 99,445 |  |  | 87,811 |  |  | 491,572 |
Managed infrastructure | 28,889 |  |  | 29,012 |  |  | 22,150 |  |  | 80,051 |  |  | 54,418 |  |  | 59,149 |  |  | 43,974 |  |  | 157,541 |
Other (1) | 5,081 |  |  | 6,130 |  |  | — |  |  | 11,211 |  |  | 10,301 |  |  | 8,596 |  |  | — |  |  | 18,897 |
Recurring revenues | 634,855 |  |  | 467,190 |  |  | 296,093 |  |  | 1,398,138 |  |  | 1,267,487 |  |  | 910,664 |  |  | 581,681 |  |  | 2,759,832 |
Non-recurring revenues | 26,564 |  |  | 20,900 |  |  | 24,519 |  |  | 71,983 |  |  | 55,837 |  |  | 56,335 |  |  | 42,659 |  |  | 154,831 |
Total | $ | 661,419 |  |  | $ | 488,090 |  |  | $ | 320,612 |  |  | $ | 1,470,121 |  |  | $ | 1,323,324 |  |  | $ | 966,999 |  |  | $ | 624,340 |  |  | $ | 2,914,663 |
(1) Includes some leasing and hedging activities.
| Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2019
| Americas |  | EMEA |  | Asia-Pacific |  | Total |  | Americas |  | EMEA |  | Asia-Pacific |  | Total
Colocation (1) | $ | 444,086 |  |  | $ | 347,795 |  |  | $ | 213,734 |  |  | $ | 1,005,615 |  |  | $ | 884,067 |  |  | $ | 678,920 |  |  | $ | 423,399 |  |  | $ | 1,986,386 |
Interconnection | 142,460 |  |  | 38,614 |  |  | 37,957 |  |  | 219,031 |  |  | 281,023 |  |  | 76,139 |  |  | 74,653 |  |  | 431,815 |
Managed infrastructure | 22,908 |  |  | 28,397 |  |  | 22,467 |  |  | 73,772 |  |  | 44,695 |  |  | 57,485 |  |  | 44,387 |  |  | 146,567 |
Other (1) | 5,352 |  |  | 2,275 |  |  | — |  |  | 7,627 |  |  | 11,331 |  |  | 4,774 |  |  | — |  |  | 16,105 |
Recurring revenues | 614,806 |  |  | 417,081 |  |  | 274,158 |  |  | 1,306,045 |  |  | 1,221,116 |  |  | 817,318 |  |  | 542,439 |  |  | 2,580,873 |
Non-recurring revenues | 29,614 |  |  | 32,774 |  |  | 16,544 |  |  | 78,932 |  |  | 67,670 |  |  | 67,197 |  |  | 32,455 |  |  | 167,322 |
Total | $ | 644,420 |  |  | $ | 449,855 |  |  | $ | 290,702 |  |  | $ | 1,384,977 |  |  | $ | 1,288,786 |  |  | $ | 884,515 |  |  | $ | 574,894 |  |  | $ | 2,748,195 |
(1) Includes some leasing and hedging activities.
Schedule of adjusted EBITDA | The Company defines 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 (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Adjusted EBITDA: |  |  |  |  |  |  |
Americas | $ | 302,107 |  |  | $ | 309,052 |  |  | $ | 595,720 |  |  | $ | 616,890 |
EMEA | 243,597 |  |  | 209,645 |  |  | 473,755 |  |  | 408,717 |
Asia-Pacific | 174,337 |  |  | 158,313 |  |  | 334,776 |  |  | 311,558 |
Total adjusted EBITDA | 720,041 |  |  | 677,010 |  |  | 1,404,251 |  |  | 1,337,165 |
Depreciation, amortization and accretion expense | (348,434 | ) |  | (320,550 | ) |  | (685,865 | ) |  | (635,255 | )
Stock-based compensation expense | (75,844 | ) |  | (61,519 | ) |  | (156,410 | ) |  | (110,542 | )
Impairment charges | — |  |  | (386 | ) |  | — |  |  | (14,834 | )
Transaction costs | (13,617 | ) |  | (2,774 | ) |  | (25,147 | ) |  | (5,245 | )
Gain (loss) on asset sales | 342 |  |  | — |  |  | (857 | ) |  | — |
Income from operations | $ | 282,488 |  |  | $ | 291,781 |  |  | $ | 535,972 |  |  | $ | 571,289 |
Segment disclosures | The Company also provides the following additional segment disclosures (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Depreciation and amortization: |  |  |  |  |  |  |
Americas | $ | 180,934 |  |  | $ | 167,244 |  |  | $ | 352,008 |  |  | $ | 334,014 |
EMEA | 93,012 |  |  | 87,980 |  |  | 185,386 |  |  | 172,145 |
Asia-Pacific | 74,647 |  |  | 64,000 |  |  | 147,068 |  |  | 126,243 |
Total | $ | 348,593 |  |  | $ | 319,224 |  |  | $ | 684,462 |  |  | $ | 632,402 |
Capital expenditures: |  |  |  |  |  |  |
Americas | $ | 181,913 |  |  | $ | 173,623 |  |  | $ | 366,314 |  |  | $ | 318,118 |
EMEA | 197,264 |  |  | 170,851 |  |  | 319,392 |  |  | 335,206 |
Asia-Pacific | 102,771 |  |  | 99,697 |  |  | 197,183 |  |  | 154,814 |
Total | $ | 481,948 |  |  | $ | 444,171 |  |  | $ | 882,889 |  |  | $ | 808,138 |
Segment long-lived assets | The Company's 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, 2020 |  | December 31, 2019
Americas | $ | 5,649,000 |  |  | $ | 5,400,287 |
EMEA | 4,321,446 |  |  | 4,051,701 |
Asia-Pacific | 2,693,381 |  |  | 2,700,609 |
Total Property, plant and equipment, net | $ | 12,663,827 |  |  | $ | 12,152,597 |
Americas | $ | 368,959 |  |  | $ | 387,598 |
EMEA | 498,334 |  |  | 521,129 |
Asia-Pacific | 528,808 |  |  | 566,640 |
Total Operating lease right-of-use assets | $ | 1,396,101 |  |  | $ | 1,475,367 |

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