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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Analysis of Business Segment Information and Reconciliation | An analysis of our business segment information and reconciliation to the accompanying Consolidated Financial Statements is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  | CORPORATE AND OTHER |  | TOTAL CONSOLIDATED
As of and for the Year Ended December 31, 2022 |  |  |  |  |  |  |
Total Revenues | $ | 4,295,115 |  |  | $ | 401,125 |  |  | $ | 407,334 |  |  | $ | 5,103,574 |
Storage Rental | 2,606,721 |  |  | 372,208 |  |  | 55,094 |  |  | 3,034,023 |
Service | 1,688,394 |  |  | 28,917 |  |  | 352,240 |  |  | 2,069,551 |
Depreciation and Amortization | 469,419 |  |  | 140,028 |  |  | 118,148 |  |  | 727,595 |
Depreciation | 308,207 |  |  | 103,953 |  |  | 66,824 |  |  | 478,984 |
Amortization | 161,212 |  |  | 36,075 |  |  | 51,324 |  |  | 248,611 |
Adjusted EBITDA | 1,887,589 |  |  | 175,622 |  |  | (236,154) |  |  | 1,827,057 |
Total Assets(1) | 10,654,650 |  |  | 3,752,088 |  |  | 1,733,776 |  |  | 16,140,514 |
Expenditures for Segment Assets | 303,342 |  |  | 650,534 |  |  | 803,733 |  |  | 1,757,609 |
Capital Expenditures | 246,216 |  |  | 551,232 |  |  | 77,930 |  |  | 875,378 |
Cash Paid for Acquisitions, Net of Cash Acquired | (23) |  |  | 78,103 |  |  | 725,610 |  |  | 803,690 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs | 57,149 |  |  | 21,199 |  |  | 193 |  |  | 78,541 |
As of and for the Year Ended December 31, 2021 |  |  |  |  |  |  |
Total Revenues | $ | 3,994,988 |  |  | $ | 326,898 |  |  | $ | 169,645 |  |  | $ | 4,491,531 |
Storage Rental | 2,517,208 |  |  | 289,592 |  |  | 63,319 |  |  | 2,870,119 |
Service | 1,477,780 |  |  | 37,306 |  |  | 106,326 |  |  | 1,621,412 |
Depreciation and Amortization | 477,713 |  |  | 148,023 |  |  | 54,686 |  |  | 680,422 |
Depreciation | 320,451 |  |  | 93,679 |  |  | 50,942 |  |  | 465,072 |
Amortization | 157,262 |  |  | 54,344 |  |  | 3,744 |  |  | 215,350 |
Adjusted EBITDA | 1,709,525 |  |  | 137,349 |  |  | (212,175) |  |  | 1,634,699 |
Total Assets(1) | 11,101,557 |  |  | 2,911,823 |  |  | 436,651 |  |  | 14,450,031 |
Expenditures for Segment Assets | 369,749 |  |  | 422,274 |  |  | 94,875 |  |  | 886,898 |
Capital Expenditures | 213,395 |  |  | 320,768 |  |  | 76,919 |  |  | 611,082 |
Cash Paid for Acquisitions, Net of Cash Acquired | 97,044 |  |  | 88,998 |  |  | 17,956 |  |  | 203,998 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs | 59,310 |  |  | 12,508 |  |  | — |  |  | 71,818 |
As of and for the Year Ended December 31, 2020 |  |  |  |  |  |  |
Total Revenues | $ | 3,748,604 |  |  | $ | 279,312 |  |  | $ | 119,354 |  |  | $ | 4,147,270 |
Storage Rental | 2,416,147 |  |  | 263,695 |  |  | 74,249 |  |  | 2,754,091 |
Service | 1,332,457 |  |  | 15,617 |  |  | 45,105 |  |  | 1,393,179 |
Depreciation and Amortization | 464,745 |  |  | 134,844 |  |  | 52,480 |  |  | 652,069 |
Depreciation | 316,575 |  |  | 83,106 |  |  | 47,881 |  |  | 447,562 |
Amortization | 148,170 |  |  | 51,738 |  |  | 4,599 |  |  | 204,507 |
Adjusted EBITDA | 1,565,941 |  |  | 126,576 |  |  | (216,796) |  |  | 1,475,721 |
Total Assets(1) | 11,015,684 |  |  | 2,727,654 |  |  | 405,929 |  |  | 14,149,267 |
Expenditures for Segment Assets | 352,745 |  |  | 249,459 |  |  | 29,650 |  |  | 631,854 |
Capital Expenditures | 164,914 |  |  | 243,699 |  |  | 29,650 |  |  | 438,263 |
Cash Paid for Acquisitions, Net of Cash Acquired | 118,581 |  |  | — |  |  | — |  |  | 118,581 |
Acquisitions of Customer Relationships, Customer Inducements, Contract Fulfillment Costs and third-party commissions | 69,250 |  |  | 5,760 |  |  | — |  |  | 75,010 |
(1)Excludes all intercompany receivables or payables and investment in subsidiary balances.
Schedule of Reconciliation of Adjusted EBITDA to Income (Loss) From Continuing Operations on a Consolidated Basis | A reconciliation of Net Income (Loss) to Adjusted EBITDA on a consolidated basis for the years ended December 31, 2022, 2021 and 2020 is as follows:
| YEAR ENDED DECEMBER 31,
| 2022 |  | 2021 |  | 2020
Net Income (Loss) | $ | 562,149 |  |  | $ | 452,725 |  |  | $ | 343,096 |
Add/(Deduct): |  |  |  |  |
Interest expense, net | 488,014 |  |  | 417,961 |  |  | 418,535 |
Provision (benefit) for income taxes | 69,489 |  |  | 176,290 |  |  | 29,609 |
Depreciation and amortization | 727,595 |  |  | 680,422 |  |  | 652,069 |
Acquisition and Integration Costs | 47,746 |  |  | 12,764 |  |  | — |
Restructuring and other transformation | 41,933 |  |  | 206,426 |  |  | 194,396 |
Intangible impairments | — |  |  | — |  |  | 23,000 |
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate) | (93,268) |  |  | (172,041) |  |  | (363,537) |
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures(1) | (83,268) |  |  | (205,746) |  |  | 133,611 |
Stock-based compensation expense | 56,861 |  |  | 61,001 |  |  | 34,272 |
COVID-19 Costs(2) | — |  |  | — |  |  | 9,285 |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | 9,806 |  |  | 4,897 |  |  | 1,385 |
Adjusted EBITDA | $ | 1,827,057 |  |  | $ | 1,634,699 |  |  | $ | 1,475,721 |
(1)Includes foreign currency transaction (gains) losses, net, debt extinguishment expense and other, net. (2)Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends ("COVID-19 Costs"). For the year ended December 31, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within Cost of sales and Selling, general and administrative expenses, respectively, in our Consolidated Statement of Operations. These costs include the purchase of personal protective equipment for our employees and incremental cleaning costs of our facilities, among other direct costs.
Schedule of Operations in Different Geographical Areas | Information as to our operations in different geographical areas for the years ended December 31, 2022, 2021 and 2020 is as follows:
| YEAR ENDED DECEMBER 31,
| 2022 |  | 2021 |  | 2020
Revenues: |  |  |  |  |
United States | $ | 3,262,755 |  |  | $ | 2,713,147 |  |  | $ | 2,577,084 |
United Kingdom | 332,556 |  |  | 294,675 |  |  | 247,667 |
Canada | 270,836 |  |  | 252,385 |  |  | 224,860 |
Australia | 144,840 |  |  | 148,431 |  |  | 133,815 |
Remaining Countries | 1,092,587 |  |  | 1,082,893 |  |  | 963,844 |
Long-lived Assets: |  |  |  |  |
United States | $ | 8,925,643 |  |  | $ | 7,867,841 |  |  | $ | 7,818,059 |
United Kingdom | 1,062,641 |  |  | 914,732 |  |  | 838,491 |
Canada | 514,777 |  |  | 562,911 |  |  | 556,120 |
Australia | 490,172 |  |  | 528,703 |  |  | 575,862 |
Remaining Countries | 3,600,136 |  |  | 3,134,577 |  |  | 3,090,948 |
Schedule of Revenues By Product and Service Lines | Information as to our revenues by product and service lines by segment for the years ended December 31, 2022, 2021 and 2020 is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  | CORPORATE AND OTHER |  | TOTAL CONSOLIDATED
For the Year Ended December 31, 2022 |  |  |  |  |  |  |
Records Management(1) | $ | 3,287,237 |  |  | $ | — |  |  | $ | 137,845 |  |  | $ | 3,425,082 |
Data Management(1) | 510,107 |  |  | — |  |  | 185 |  |  | 510,292 |
Information Destruction(1)(2)(3) | 497,771 |  |  | — |  |  | 269,304 |  |  | 767,075 |
Data Center(1) | — |  |  | 401,125 |  |  | — |  |  | 401,125 |
For the Year Ended December 31, 2021 |  |  |  |  |  |  |
Records Management(1) | $ | 3,074,605 |  |  | $ | — |  |  | $ | 125,571 |  |  | $ | 3,200,176 |
Data Management(1) | 529,416 |  |  | — |  |  | — |  |  | 529,416 |
Information Destruction(1)(2)(3) | 390,967 |  |  | — |  |  | 44,074 |  |  | 435,041 |
Data Center(1) | — |  |  | 326,898 |  |  | — |  |  | 326,898 |
For the Year Ended December 31, 2020 |  |  |  |  |  |  |
Records Management(1) | $ | 2,852,296 |  |  | $ | — |  |  | $ | 101,975 |  |  | $ | 2,954,271 |
Data Management(1) | 554,901 |  |  | — |  |  | — |  |  | 554,901 |
Information Destruction(1)(2)(3) | 341,407 |  |  | — |  |  | 17,379 |  |  | 358,786 |
Data Center(1) | — |  |  | 279,312 |  |  | — |  |  | 279,312 |
(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service revenue, except for information destruction, which does not have a storage rental component. (2)Information destruction revenue for our Global RIM Business includes secure shredding services. (3)Information destruction revenue for Corporate and Other includes product revenue from ITRenew.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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