XML 86 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Information (Tables)

12 Months Ended

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.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration