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Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
While the Company has one primary line of business, which is the design, build-out and operation of IBX data centers, it has determined that it has three reportable segments comprised of its Americas, EMEA and Asia-Pacific geographic regions. The Company's chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on the Company's revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments.
The following tables present revenue information disaggregated by service lines and geographic areas (in thousands):
Twelve Months Ended December 31, 2020
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,820,709 $1,504,770 $933,522 $4,259,001 
Interconnection622,327 213,490 187,441 1,023,258 
Managed infrastructure120,159 127,722 89,464 337,345 
Other (1)
19,605 18,738 83 38,426 
Recurring revenues2,582,800 1,864,720 1,210,510 5,658,030 
Non-recurring revenues124,958 131,669 83,888 340,515 
Total$2,707,758 $1,996,389 $1,294,398 $5,998,545 
(1)    Includes some leasing and hedging activities.
(2)    Includes revenues of $2.5 billion attributed to the U.S.
Twelve Months Ended December 31, 2019
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,769,654 $1,395,544 $857,009 $4,022,207 
Interconnection576,709 161,552 155,328 893,589 
Managed infrastructure90,262 113,631 88,735 292,628 
Other (1)
19,743 10,019 — 29,762 
Recurring revenues2,456,368 1,680,746 1,101,072 5,238,186 
Non-recurring revenues131,359 125,698 66,897 323,954 
Total$2,587,727 $1,806,444 $1,167,969 $5,562,140 
(1)    Includes some leasing and hedging activities.
(2)    Includes revenues of $2.4 billion attributed to the U.S.
Twelve Months Ended December 31, 2018
Americas (2)
EMEAAsia-PacificTotal
Colocation (1)
$1,732,998 $1,201,769 $735,404 $3,670,171 
Interconnection532,163 138,874 130,928 801,965 
Managed infrastructure75,595 118,685 85,352 279,632 
Other (1)
16,570 8,164 — 24,734 
Recurring revenues2,357,326 1,467,492 951,684 4,776,502 
Non-recurring revenues127,408 95,145 72,599 295,152 
Total$2,484,734 $1,562,637 $1,024,283 $5,071,654 
(1)    Includes some leasing and hedging activities.
(2)    Includes revenues of $2.3 billion attributed to the U.S.
No single customer accounted for 10% or greater of the Company's accounts receivable or revenues for the year ended December 31, 2020, 2019, and 2018.

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 on asset sales as presented below for the years ended December 31 (in thousands):
202020192018
Adjusted EBITDA:
Americas
$1,186,022 $1,237,622 $1,183,831 
EMEA
974,246 827,980 698,280 
Asia-Pacific
692,630 622,125 531,129 
Total adjusted EBITDA
2,852,898 2,687,727 2,413,240 
Depreciation, amortization and accretion expense(1,427,010)(1,285,296)(1,226,741)
Stock-based compensation expense(311,020)(236,539)(180,716)
Transaction costs(55,935)(24,781)(34,413)
Impairment charges(7,306)(15,790)— 
Gain on asset sales1,301 44,310 6,013 
Income from operations
$1,052,928 $1,169,631 $977,383 
The Company provides the following segment disclosures related to its operations as follows for the years ended December 31 (in thousands):
202020192018
Depreciation and amortization:
Americas
$729,611 $669,498 $636,214 
EMEA
389,332 353,765 355,895 
Asia-Pacific
304,426 261,574 235,380 
Total$1,423,369 $1,284,837 $1,227,489 
Capital expenditures:
Americas
$866,989 $805,360 $773,514 
EMEA
888,239 733,326 884,790 
Asia-Pacific
527,276 540,835 437,870 
Total$2,282,504 $2,079,521 $2,096,174 
The Company's 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):
20202019
Americas (1)
$6,429,861 $5,400,287 
EMEA5,002,271 4,051,701 
Asia-Pacific3,070,952 2,700,609 
Total Property, plant and equipment, net$14,503,084 $12,152,597 
(1)Includes $5.2 billion and $4.8 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2020 and 2019.
20202019
Americas (1)
$363,515 $387,598 
EMEA547,547 521,129 
Asia-Pacific563,995 566,640 
Total Operating lease right-of-use assets$1,475,057 $1,475,367 
(1)Includes $334.7 million and $373.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2020 and 2019, respectively.