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Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and 2022 is as follows:

			THREE MONTHS ENDED MARCH 31,
			2023						2022
Global RIM Business
Total Revenues			$	1,126,526					$	1,048,891
Adjusted EBITDA			477,784						448,795
Global Data Center Business
Total Revenues			$	112,305					$	96,987
Adjusted EBITDA			50,635						41,977
Corporate and Other
Total Revenues			$	75,518					$	102,168
Adjusted EBITDA			(67,611)						(59,778)
Total Consolidated
Total Revenues			$	1,314,349					$	1,248,046
Adjusted EBITDA			460,808						430,994

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 months ended March 31, 2023 and 2022 is as follows:

			THREE MONTHS ENDED MARCH 31,
			2023						2022
Net Income (Loss)			$	65,535					$	41,707
Add/(Deduct):
Interest expense, net			137,169						114,442
Provision (benefit) for income taxes			16,758						10,080
Depreciation and amortization			182,094						183,615
Acquisition and Integration Costs			1,595						15,661
Restructuring and other transformation			36,913						—
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)			(13,061)						(705)
Other expense (income), net, excluding our share of losses (gains) from our unconsolidated joint ventures			17,491						53,515
Stock-based compensation expense			12,509						11,341
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures			3,805						1,338
Adjusted EBITDA			$	460,808					$	430,994

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 months ended March 31, 2023 and 2022 is as follows:

						THREE MONTHS ENDED MARCH 31,
						2023						2022
Global RIM Business
Records Management(1)						$	867,988					$	802,553
Data Management(1)						129,594						133,656
Information Destruction(1)(2)						128,944						112,682
Data Center(1)						—						—
Global Data Center Business
Records Management(1)						$	—					$	—
Data Management(1)						—						—
Information Destruction(1)						—						—
Data Center(1)						112,305						96,987
Corporate and Other
Records Management(1)						$	34,348					$	31,898
Data Management(1)						—						—
Information Destruction(1)(3)						41,170						70,270
Data Center(1)						—						—
Total Consolidated
Records Management(1)						$	902,336					$	834,451
Data Management(1)						129,594						133,656
Information Destruction(1)(2)(3)						170,114						182,952
Data Center(1)						112,305						96,987

(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)Includes secure shredding services.

(3)Includes product revenue from ITRenew.

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Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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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.

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