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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Analysis of Business Segment Information | An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three and six months ended June 30, 2022 and 2021 is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  |  |  | CORPORATE AND OTHER BUSINESS |  | TOTAL CONSOLIDATED
As of and for the Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 1,070,476 |  |  | $ | 100,088 |  |  |  |  | $ | 118,970 |  |  | $ | 1,289,534 |
Adjusted EBITDA | 469,368 |  |  | 42,307 |  |  |  |  | (56,969) |  |  | 454,706 |
As of and for the Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 996,324 |  |  | $ | 76,977 |  |  |  |  | $ | 46,455 |  |  | $ | 1,119,756 |
Adjusted EBITDA | 423,940 |  |  | 33,432 |  |  |  |  | (51,741) |  |  | 405,631 |
As of and for the Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 2,119,367 |  |  | $ | 197,075 |  |  |  |  | $ | 221,138 |  |  | $ | 2,537,580 |
Adjusted EBITDA | 918,163 |  |  | 84,284 |  |  |  |  | (116,747) |  |  | 885,700 |
As of and for the Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 1,973,242 |  |  | $ | 148,085 |  |  |  |  | $ | 80,469 |  |  | $ | 2,201,796 |
Adjusted EBITDA | 827,373 |  |  | 63,864 |  |  |  |  | (105,041) |  |  | 786,196 |
Schedule of Reconciliation of Net Income (Loss) to Adjusted EBITDA | A reconciliation of Net Income (Loss) to Adjusted EBITDA on a consolidated basis for the three and six months ended June 30, 2022 and 2021 is as follows:
| THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net Income (Loss) | $ | 201,858 |  |  | $ | 276,522 |  |  | $ | 243,565 |  |  | $ | 323,153 |
Add/(Deduct): |  |  |  |  |  |  |
Interest expense, net | 115,057 |  |  | 105,220 |  |  | 229,499 |  |  | 209,642 |
Provision (benefit) for income taxes | 18,083 |  |  | 110,416 |  |  | 28,163 |  |  | 125,056 |
Depreciation and amortization | 178,254 |  |  | 166,685 |  |  | 361,869 |  |  | 332,327 |
Acquisition and Integration Costs | 16,878 |  |  | 2,277 |  |  | 32,539 |  |  | 2,277 |
Restructuring Charges | — |  |  | 39,443 |  |  | — |  |  | 79,254 |
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate) | (51,249) |  |  | (128,935) |  |  | (51,954) |  |  | (133,386) |
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures | (46,103) |  |  | (189,605) |  |  | 7,412 |  |  | (187,484) |
Stock-based compensation expense | 20,256 |  |  | 22,536 |  |  | 31,597 |  |  | 33,269 |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | 1,672 |  |  | 1,072 |  |  | 3,010 |  |  | 2,088 |
Adjusted EBITDA | $ | 454,706 |  |  | $ | 405,631 |  |  | $ | 885,700 |  |  | $ | 786,196 |
Schedule of Revenues by Product and Service Lines by Segment | Information as to our revenues by product and service lines by segment for the three and six months ended June 30, 2022 and 2021 are as follows:
|  | THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Global RIM Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 818,993 |  |  | $ | 765,818 |  |  | $ | 1,621,546 |  |  | $ | 1,517,941 |
Data Management(1) |  | 124,394 |  |  | 133,876 |  |  | 258,050 |  |  | 268,741 |
Information Destruction(1)(2) |  | 127,089 |  |  | 96,630 |  |  | 239,771 |  |  | 186,560 |
Data Center(1) |  | — |  |  | — |  |  | — |  |  | — |
Global Data Center Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Data Management(1) |  | — |  |  | — |  |  | — |  |  | — |
Information Destruction(1) |  | — |  |  | — |  |  | — |  |  | — |
Data Center(1) |  | 100,088 |  |  | 76,977 |  |  | 197,075 |  |  | 148,085 |
Corporate and Other Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 36,141 |  |  | $ | 34,210 |  |  | $ | 68,039 |  |  | $ | 61,397 |
Data Management(1) |  | — |  |  | — |  |  | — |  |  | — |
Information Destruction(1)(3) |  | 82,829 |  |  | 12,245 |  |  | 153,099 |  |  | 19,072 |
Data Center(1) |  | — |  |  | — |  |  | — |  |  | — |
Total Consolidated |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 855,134 |  |  | $ | 800,028 |  |  | $ | 1,689,585 |  |  | $ | 1,579,338 |
Data Management(1) |  | 124,394 |  |  | 133,876 |  |  | 258,050 |  |  | 268,741 |
Information Destruction(1)(2)(3) |  | 209,918 |  |  | 108,875 |  |  | 392,870 |  |  | 205,632 |
Data Center(1) |  | 100,088 |  |  | 76,977 |  |  | 197,075 |  |  | 148,085 |
(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.

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