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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
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, 2022 |  |
| Americas |  | EMEA |  | Asia-Pacific |  | Total |  |  |  |  |  |  |  |
Colocation (1) | $ | 522,171 |  |  | $ | 414,569 |  |  | $ | 282,615 |  |  | $ | 1,219,355 |  |  |  |  |  |  |  |  |
Interconnection | 181,103 |  |  | 68,140 |  |  | 59,987 |  |  | 309,230 |  |  |  |  |  |  |  |  |
Managed infrastructure | 49,222 |  |  | 30,990 |  |  | 20,642 |  |  | 100,854 |  |  |  |  |  |  |  |  |
Other (1) | 5,134 |  |  | 6,414 |  |  | 1,337 |  |  | 12,885 |  |  |  |  |  |  |  |  |
Recurring revenues | 757,630 |  |  | 520,113 |  |  | 364,581 |  |  | 1,642,324 |  |  |  |  |  |  |  |  |
Non-recurring revenues | 42,791 |  |  | 30,367 |  |  | 18,965 |  |  | 92,123 |  |  |  |  |  |  |  |  |
Total | $ | 800,421 |  |  | $ | 550,480 |  |  | $ | 383,546 |  |  | $ | 1,734,447 |  |  |  |  |  |  |  |  |
(1) Includes some leasing and hedging activities.
| 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.
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, |  |
| 2022 |  | 2021 |  |  |  |
Adjusted EBITDA: |  |  |  |  |  |  |
Americas | $ | 356,555 |  |  | $ | 344,492 |  |  |  |  |
EMEA | 260,345 |  |  | 243,563 |  |  |  |  |
Asia-Pacific | 182,812 |  |  | 185,177 |  |  |  |  |
Total adjusted EBITDA | 799,712 |  |  | 773,232 |  |  |  |  |
Depreciation, amortization and accretion expense | (436,386) |  |  | (394,318) |  |  |  |  |
Stock-based compensation expense | (89,952) |  |  | (78,350) |  |  |  |  |
Transaction costs | (4,240) |  |  | (1,182) |  |  |  |  |
Loss on asset sales | (1,818) |  |  | (1,720) |  |  |  |  |
Income from operations | $ | 267,316 |  |  | $ | 297,662 |  |  |  |  |
Segment disclosures | We also provide the following additional segment disclosures (in thousands):
| Three Months Ended March 31, |  |
| 2022 |  | 2021 |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |
Americas | $ | 229,709 |  |  | $ | 203,433 |  |  |  |  |
EMEA | 115,054 |  |  | 110,779 |  |  |  |  |
Asia-Pacific | 90,577 |  |  | 80,805 |  |  |  |  |
Total | $ | 435,340 |  |  | $ | 395,017 |  |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
Americas | $ | 185,046 |  |  | $ | 205,174 |  |  |  |  |
EMEA | 162,503 |  |  | 235,416 |  |  |  |  |
Asia-Pacific | 64,969 |  |  | 123,008 |  |  |  |  |
Total | $ | 412,518 |  |  | $ | 563,598 |  |  |  |  |
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, 2022 |  | December 31, 2021
Americas | $ | 6,892,787 |  |  | $ | 6,777,174 |
EMEA | 5,106,472 |  |  | 5,125,341 |
Asia-Pacific | 3,513,732 |  |  | 3,543,260 |
Total property, plant and equipment, net | $ | 15,512,991 |  |  | $ | 15,445,775 |
Americas | $ | 286,499 |  |  | $ | 297,300 |
EMEA | 455,048 |  |  | 470,330 |
Asia-Pacific | 492,710 |  |  | 514,788 |
Total operating lease right-of-use assets | $ | 1,234,257 |  |  | $ | 1,282,418 |

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