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v3.23.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2023 and 2022 is as follows:
| THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |
Global RIM Business |  |  |  |  |  |  |  |  |  |  |
Total Revenues | $ | 1,159,867 |  |  | $ | 1,070,476 |  |  | $ | 2,286,393 |  |  | $ | 2,119,367 |  |  |  |  |
Adjusted EBITDA | 499,062 |  |  | 469,368 |  |  | 976,846 |  |  | 918,163 |  |  |  |  |
Global Data Center Business |  |  |  |  |  |  |  |  |  |  |
Total Revenues | $ | 118,033 |  |  | $ | 100,088 |  |  | $ | 230,338 |  |  | $ | 197,075 |  |  |  |  |
Adjusted EBITDA | 53,809 |  |  | 42,307 |  |  | 104,444 |  |  | 84,284 |  |  |  |  |
Corporate and Other |  |  |  |  |  |  |  |  |  |  |
Total Revenues | $ | 80,036 |  |  | $ | 118,970 |  |  | $ | 155,554 |  |  | $ | 221,138 |  |  |  |  |
Adjusted EBITDA | (77,213) |  |  | (56,969) |  |  | (144,824) |  |  | (116,747) |  |  |  |  |
Total Consolidated |  |  |  |  |  |  |  |  |  |  |
Total Revenues | $ | 1,357,936 |  |  | $ | 1,289,534 |  |  | $ | 2,672,285 |  |  | $ | 2,537,580 |  |  |  |  |
Adjusted EBITDA | 475,658 |  |  | 454,706 |  |  | 936,466 |  |  | 885,700 |  |  |  |  |
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, 2023 and 2022 is as follows:
| THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net Income (Loss) | $ | 1,143 |  |  | $ | 201,858 |  |  | $ | 66,678 |  |  | $ | 243,565 |
Add/(Deduct): |  |  |  |  |  |  |
Interest expense, net | 144,178 |  |  | 115,057 |  |  | 281,347 |  |  | 229,499 |
Provision (benefit) for income taxes | 4,255 |  |  | 18,083 |  |  | 21,013 |  |  | 28,163 |
Depreciation and amortization | 195,367 |  |  | 178,254 |  |  | 377,461 |  |  | 361,869 |
Acquisition and Integration Costs | 1,511 |  |  | 16,878 |  |  | 3,106 |  |  | 32,539 |
Restructuring and other transformation | 45,588 |  |  | — |  |  | 82,501 |  |  | — |
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate) | (1,505) |  |  | (51,249) |  |  | (14,566) |  |  | (51,954) |
Other expense (income), net, excluding our share of losses (gains) from our unconsolidated joint ventures | 58,694 |  |  | (46,103) |  |  | 76,185 |  |  | 7,412 |
Stock-based compensation expense | 22,373 |  |  | 20,256 |  |  | 34,882 |  |  | 31,597 |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | 4,054 |  |  | 1,672 |  |  | 7,859 |  |  | 3,010 |
Adjusted EBITDA | $ | 475,658 |  |  | $ | 454,706 |  |  | $ | 936,466 |  |  | $ | 885,700 |
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, 2023 and 2022 is as follows:
|  | THREE MONTHS ENDED JUNE 30, |  | SIX MONTHS ENDED JUNE 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Global RIM Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 898,634 |  |  | $ | 818,993 |  |  | $ | 1,766,622 |  |  | $ | 1,621,546 |
Data Management(1) |  | 130,251 |  |  | 124,394 |  |  | 259,845 |  |  | 258,050 |
Information Destruction(1)(2) |  | 130,982 |  |  | 127,089 |  |  | 259,926 |  |  | 239,771 |
Data Center(1) |  | — |  |  | — |  |  | — |  |  | — |
Global Data Center Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Data Management(1) |  | — |  |  | — |  |  | — |  |  | — |
Information Destruction(1) |  | — |  |  | — |  |  | — |  |  | — |
Data Center(1) |  | 118,033 |  |  | 100,088 |  |  | 230,338 |  |  | 197,075 |
Corporate and Other |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 37,409 |  |  | $ | 36,141 |  |  | $ | 71,757 |  |  | $ | 68,039 |
Data Management(1) |  | — |  |  | — |  |  | — |  |  | — |
Information Destruction(1)(3) |  | 42,627 |  |  | 82,829 |  |  | 83,797 |  |  | 153,099 |
Data Center(1) |  | — |  |  | — |  |  | — |  |  | — |
Total Consolidated |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 936,043 |  |  | $ | 855,134 |  |  | $ | 1,838,379 |  |  | $ | 1,689,585 |
Data Management(1) |  | 130,251 |  |  | 124,394 |  |  | 259,845 |  |  | 258,050 |
Information Destruction(1)(2)(3) |  | 173,609 |  |  | 209,918 |  |  | 343,723 |  |  | 392,870 |
Data Center(1) |  | 118,033 |  |  | 100,088 |  |  | 230,338 |  |  | 197,075 |
(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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