Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

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.