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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
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 March 31, 2021 |  |
| Americas |  | EMEA |  | Asia-Pacific |  | Total |  |  |  |  |  |  |  |
Colocation (1) | $ | 487,459 |  |  | $ | 388,275 |  |  | $ | 254,558 |  |  | $ | 1,130,292 |  |  |  |  |  |  |  |  |
Interconnection | 164,887 |  |  | 61,650 |  |  | 53,182 |  |  | 279,719 |  |  |  |  |  |  |  |  |
Managed infrastructure | 38,485 |  |  | 32,111 |  |  | 22,749 |  |  | 93,345 |  |  |  |  |  |  |  |  |
Other (1) | 2,038 |  |  | 5,046 |  |  | 493 |  |  | 7,577 |  |  |  |  |  |  |  |  |
Recurring revenues | 692,869 |  |  | 487,082 |  |  | 330,982 |  |  | 1,510,933 |  |  |  |  |  |  |  |  |
Non-recurring revenues | 33,071 |  |  | 31,635 |  |  | 20,425 |  |  | 85,131 |  |  |  |  |  |  |  |  |
Total | $ | 725,940 |  |  | $ | 518,717 |  |  | $ | 351,407 |  |  | $ | 1,596,064 |  |  |  |  |  |  |  |  |
(1) Includes some leasing and hedging activities.
| Three Months Ended March 31, 2020 |  |
| Americas |  | EMEA |  | Asia-Pacific |  | Total |  |  |  |  |  |  |  |
Colocation (1) | $ | 450,954 |  |  | $ | 362,330 |  |  | $ | 221,093 |  |  | $ | 1,034,377 |  |  |  |  |  |  |  |  |
Interconnection | 150,929 |  |  | 48,541 |  |  | 42,671 |  |  | 242,141 |  |  |  |  |  |  |  |  |
Managed infrastructure | 25,529 |  |  | 30,137 |  |  | 21,824 |  |  | 77,490 |  |  |  |  |  |  |  |  |
Other (1) | 5,220 |  |  | 2,466 |  |  | — |  |  | 7,686 |  |  |  |  |  |  |  |  |
Recurring revenues | 632,632 |  |  | 443,474 |  |  | 285,588 |  |  | 1,361,694 |  |  |  |  |  |  |  |  |
Non-recurring revenues | 29,273 |  |  | 35,435 |  |  | 18,140 |  |  | 82,848 |  |  |  |  |  |  |  |  |
Total | $ | 661,905 |  |  | $ | 478,909 |  |  | $ | 303,728 |  |  | $ | 1,444,542 |  |  |  |  |  |  |  |  |
(1) Includes some leasing and hedging activities.
Schedule of adjusted EBITDA | We define 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 March 31, |  |
| 2021 |  | 2020 |  |  |  |
Adjusted EBITDA: |  |  |  |  |  |  |
Americas | $ | 344,492 |  |  | $ | 293,613 |  |  |  |  |
EMEA | 243,563 |  |  | 230,158 |  |  |  |  |
Asia-Pacific | 185,177 |  |  | 160,439 |  |  |  |  |
Total adjusted EBITDA | 773,232 |  |  | 684,210 |  |  |  |  |
Depreciation, amortization and accretion expense | (394,318) |  |  | (337,431) |  |  |  |  |
Stock-based compensation expense | (78,350) |  |  | (80,566) |  |  |  |  |
Transaction costs | (1,182) |  |  | (11,530) |  |  |  |  |
Loss on asset sales | (1,720) |  |  | (1,199) |  |  |  |  |
Income from operations | $ | 297,662 |  |  | $ | 253,484 |  |  |  |  |
Segment disclosures | We also provide the following additional segment disclosures (in thousands):
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |
Americas | $ | 203,433 |  |  | $ | 171,074 |  |  |  |  |
EMEA | 110,779 |  |  | 92,374 |  |  |  |  |
Asia-Pacific | 80,805 |  |  | 72,421 |  |  |  |  |
Total | $ | 395,017 |  |  | $ | 335,869 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
Americas | $ | 205,174 |  |  | $ | 184,401 |  |  |  |  |
EMEA | 235,416 |  |  | 122,128 |  |  |  |  |
Asia-Pacific | 123,008 |  |  | 94,412 |  |  |  |  |
Total | $ | 563,598 |  |  | $ | 400,941 |  |  |  |  |
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):
| March 31, 2021 |  | December 31, 2020
Americas | $ | 6,638,661 |  |  | $ | 6,429,861 |
EMEA | 4,976,302 |  |  | 5,002,271 |
Asia-Pacific | 3,153,698 |  |  | 3,070,952 |
Total Property, plant and equipment, net | $ | 14,768,661 |  |  | $ | 14,503,084 |
Americas | $ | 337,686 |  |  | $ | 363,515 |
EMEA | 527,435 |  |  | 547,547 |
Asia-Pacific | 540,714 |  |  | 563,995 |
Total Operating lease right-of-use assets | $ | 1,405,835 |  |  | $ | 1,475,057 |

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