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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our three reportable operating segments as of December 31, 2021 are described in Note 11 to Notes to Consolidated Financial Statements included in our Annual Report and are as follows:
Global Records and Information Management (“Global RIM”) Business
Global Data Center Business
Corporate and Other Business
The operations associated with acquisitions completed during the first three months of 2022 have been incorporated into our existing reportable operating segments.
An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2022 and 2021 is as follows:
THREE MONTHS ENDED MARCH 31,
20222021
Global RIM Business
Total Revenues$1,043,582 $967,294 
      Adjusted EBITDA451,249 408,562 
Global Data Center Business
Total Revenues$96,987 $71,108 
Adjusted EBITDA41,977 30,432 
Corporate and Other Business
Total Revenues$107,477 $43,638 
     Adjusted EBITDA(62,232)(58,429)
Total Consolidated
Total Revenues$1,248,046 $1,082,040 
Adjusted EBITDA430,994 380,565 
Adjusted EBITDA for each segment is defined as net income (loss) before interest expense, net, provision (benefit) for income taxes, depreciation and amortization (inclusive of our share of Adjusted EBITDA from our unconsolidated joint ventures), and excluding certain items we do not believe to be indicative of our core operating results, specifically:
EXCLUDED
Acquisition and Integration Costs
Other expense (income), net
Restructuring Charges
Stock-based compensation expense
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)

Internally, we use Adjusted EBITDA as the basis for evaluating the performance of, and allocating resources to, our operating segments.
A reconciliation of Net Income (Loss) to Adjusted EBITDA on a consolidated basis for the three months ended March 31, 2022 and 2021 is as follows:
 THREE MONTHS ENDED MARCH 31,
20222021
Net Income (Loss)$41,707 $46,631 
Add/(Deduct):
Interest expense, net114,442 104,422 
Provision (benefit) for income taxes10,080 14,640 
Depreciation and amortization183,615 165,642 
Acquisition and Integration Costs15,661 — 
Restructuring Charges— 39,811 
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)(705)(4,451)
Other expense (income), net, excluding our share of losses (gains) from our unconsolidated joint ventures53,515 2,121 
Stock-based compensation expense11,341 10,733 
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures1,338 1,016 
Adjusted EBITDA$430,994 $380,565 
Information as to our revenues by product and service lines by segment for the three months ended March 31, 2022 and 2021 are as follows:
THREE MONTHS ENDED MARCH 31,
20222021
Global RIM Business
Records Management(1)
$802,553 $752,123 
Data Management(1)
117,722 118,414 
Information Destruction(1)(2)
123,307 96,757 
Data Center(1)
— — 
Global Data Center Business
Records Management(1)
$— $— 
Data Management(1)
— — 
Information Destruction(1)(2)
— — 
Data Center(1)
96,987 71,108 
Corporate and Other Business
Records Management(1)
$33,689 $26,967 
Data Management(1)
14,141 16,671 
Information Destruction(1)(2)(3)
59,647 — 
Data Center(1)
— — 
Total Consolidated
Records Management(1)
$836,242 $779,090 
Data Management(1)
131,863 135,085 
Information Destruction(1)(2)(3)
182,954 96,757 
Data Center(1)
96,987 71,108 
(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service revenues, except for information destruction, which does not have a storage rental component.
(2)Includes secure shredding services.
(3)Includes product revenue from ITRenew.