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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
While we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes.
The following tables present revenue information disaggregated by product lines and geographic areas, (in thousands):
Three Months Ended March 31, 2021
AmericasEMEAAsia-PacificTotal
Colocation (1)
$487,459 $388,275 $254,558 $1,130,292 
Interconnection164,887 61,650 53,182 279,719 
Managed infrastructure38,485 32,111 22,749 93,345 
Other (1)
2,038 5,046 493 7,577 
Recurring revenues692,869 487,082 330,982 1,510,933 
Non-recurring revenues33,071 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
AmericasEMEAAsia-PacificTotal
Colocation (1)
$450,954 $362,330 $221,093 $1,034,377 
Interconnection150,929 48,541 42,671 242,141 
Managed infrastructure25,529 30,137 21,824 77,490 
Other (1)
5,220 2,466 — 7,686 
Recurring revenues632,632 443,474 285,588 1,361,694 
Non-recurring revenues29,273 35,435 18,140 82,848 
Total$661,905 $478,909 $303,728 $1,444,542 
(1) Includes some leasing and hedging activities.
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,
 20212020
Adjusted EBITDA:
Americas$344,492 $293,613 
EMEA243,563 230,158 
Asia-Pacific185,177 160,439 
Total adjusted EBITDA773,232 684,210 
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 
 We also provide the following additional segment disclosures (in thousands):
 Three Months Ended
March 31,
 20212020
Depreciation and amortization:
Americas$203,433 $171,074 
EMEA110,779 92,374 
Asia-Pacific80,805 72,421 
Total$395,017 $335,869 
Capital expenditures:
Americas$205,174 $184,401 
EMEA235,416 122,128 
Asia-Pacific123,008 94,412 
Total$563,598 $400,941 
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 
EMEA4,976,302 5,002,271 
Asia-Pacific3,153,698 3,070,952 
Total Property, plant and equipment, net$14,768,661 $14,503,084 
Americas$337,686 $363,515 
EMEA527,435 547,547 
Asia-Pacific540,714 563,995 
Total Operating lease right-of-use assets
$1,405,835 $1,475,057