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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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):
| Year Ended December 31, 2023
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Colocation (1) | $ | 2,365,049 |  |  | $ | 2,112,168 |  |  | $ | 1,288,844 |  |  | $ | 5,766,061 |
Interconnection | 820,007 |  |  | 307,337 |  |  | 266,966 |  |  | 1,394,310 |
Managed infrastructure | 249,779 |  |  | 130,061 |  |  | 71,833 |  |  | 451,673 |
Other (1) | 22,118 |  |  | 98,591 |  |  | 11,978 |  |  | 132,687 |
Recurring revenues | 3,456,953 |  |  | 2,648,157 |  |  | 1,639,621 |  |  | 7,744,731 |
Non-recurring revenues | 160,539 |  |  | 189,697 |  |  | 93,169 |  |  | 443,405 |
Total | $ | 3,617,492 |  |  | $ | 2,837,854 |  |  | $ | 1,732,790 |  |  | $ | 8,188,136 |
(1) Includes some leasing and hedging activities.
| Year Ended December 31, 2022
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Colocation (1) | $ | 2,187,751 |  |  | $ | 1,744,121 |  |  | $ | 1,150,738 |  |  | $ | 5,082,610 |
Interconnection | 756,214 |  |  | 268,398 |  |  | 243,664 |  |  | 1,268,276 |
Managed infrastructure | 218,499 |  |  | 119,361 |  |  | 77,646 |  |  | 415,506 |
Other (1) | 20,727 |  |  | 75,449 |  |  | 8,719 |  |  | 104,895 |
Recurring revenues | 3,183,191 |  |  | 2,207,329 |  |  | 1,480,767 |  |  | 6,871,287 |
Non-recurring revenues | 166,026 |  |  | 135,875 |  |  | 89,917 |  |  | 391,818 |
Total | $ | 3,349,217 |  |  | $ | 2,343,204 |  |  | $ | 1,570,684 |  |  | $ | 7,263,105 |
(1) Includes some leasing and hedging activities.
| Year Ended December 31, 2021
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Colocation (1) | $ | 2,002,253 |  |  | $ | 1,597,830 |  |  | $ | 1,042,131 |  |  | $ | 4,642,214 |
Interconnection | 678,677 |  |  | 259,538 |  |  | 223,287 |  |  | 1,161,502 |
Managed infrastructure | 168,577 |  |  | 124,937 |  |  | 87,343 |  |  | 380,857 |
Other (1) | 12,430 |  |  | 19,626 |  |  | 3,856 |  |  | 35,912 |
Recurring revenues | 2,861,937 |  |  | 2,001,931 |  |  | 1,356,617 |  |  | 6,220,485 |
Non-recurring revenues | 159,814 |  |  | 153,285 |  |  | 101,953 |  |  | 415,052 |
Total | $ | 3,021,751 |  |  | $ | 2,155,216 |  |  | $ | 1,458,570 |  |  | $ | 6,635,537 |
(1) Includes some leasing and hedging activities.
Schedule of Adjusted EBITDA | We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below for the years ended December 31 (in thousands):
| 2023 |  | 2022 |  | 2021
Adjusted EBITDA: |  |  |  |  |
Americas | $ | 1,613,696 |  |  | $ | 1,521,775 |  |  | $ | 1,326,460 |
EMEA | 1,251,276 |  |  | 1,109,502 |  |  | 1,033,333 |
Asia-Pacific | 836,869 |  |  | 738,423 |  |  | 784,591 |
Total adjusted EBITDA | 3,701,841 |  |  | 3,369,700 |  |  | 3,144,384 |
Depreciation, amortization and accretion expense | (1,843,665) |  |  | (1,739,374) |  |  | (1,660,524) |
Stock-based compensation expense | (407,536) |  |  | (403,983) |  |  | (363,774) |
Transaction costs | (12,412) |  |  | (21,839) |  |  | (22,769) |
Gain (loss) on asset sales | 5,046 |  |  | (3,976) |  |  | 10,845 |
Interest income | 94,227 |  |  | 36,268 |  |  | 2,644 |
Interest expense | (402,022) |  |  | (356,337) |  |  | (336,082) |
Other expense | (11,214) |  |  | (51,417) |  |  | (50,647) |
Gain (loss) on debt extinguishment | (35) |  |  | 327 |  |  | (115,125) |
Income before income taxes | $ | 1,124,230 |  |  | $ | 829,369 |  |  | $ | 608,952 |
Schedule of Continuing Operations | We also provide the following segment disclosures related to our operations as follows for the years ended December 31 (in thousands):
| 2023 |  | 2022 |  | 2021
Depreciation and amortization: |  |  |  |  |
Americas | $ | 1,000,976 |  |  | $ | 931,357 |  |  | $ | 865,910 |
EMEA | 499,888 |  |  | 458,156 |  |  | 455,651 |
Asia-Pacific | 344,274 |  |  | 346,695 |  |  | 334,729 |
Total | $ | 1,845,138 |  |  | $ | 1,736,208 |  |  | $ | 1,656,290 |
Capital expenditures: |  |  |  |  |
Americas | $ | 1,626,953 |  |  | $ | 1,139,309 |  |  | $ | 970,217 |
EMEA | 717,471 |  |  | 750,569 |  |  | 1,049,279 |
Asia-Pacific | 436,594 |  |  | 388,126 |  |  | 732,016 |
Total | $ | 2,781,018 |  |  | $ | 2,278,004 |  |  | $ | 2,751,512 |
Schedule of Segment Long-Lived Assets | Our 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):
| 2023 |  | 2022
Americas (1) | $ | 8,610,354 |  |  | $ | 7,532,125 |
EMEA | 6,321,164 |  |  | 5,577,498 |
Asia-Pacific | 3,669,315 |  |  | 3,539,911 |
Total Property, plant and equipment, net | $ | 18,600,833 |  |  | $ | 16,649,534 |
(1)Includes $6.7 billion and $6.0 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2023 and 2022.
| 2023 |  | 2022
Americas (1) | $ | 421,268 |  |  | $ | 263,148 |
EMEA | 367,865 |  |  | 440,139 |
Asia-Pacific | 659,757 |  |  | 724,663 |
Total Operating lease right-of-use assets | $ | 1,448,890 |  |  | $ | 1,427,950 |
(1)Includes $398.3 million and $244.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2023 and 2022, respectively.

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