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Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segment Information
Our reportable segments as of December 31, 2022 are described in Note 11 to Notes to Consolidated Financial Statements included in our Annual Report and are as follows:
•Global RIM Business
•Global Data Center Business
•Corporate and Other
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,
2023202220232022
Global RIM Business
Total Revenues$1,159,867 $1,070,476 $2,286,393 $2,119,367 
Adjusted EBITDA499,062 469,368 976,846 918,163 
Global Data Center Business
Total Revenues$118,033 $100,088 $230,338 $197,075 
Adjusted EBITDA53,809 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 EBITDA475,658 454,706 936,466 885,700 
Adjusted EBITDA for each segment is defined as net income (loss) before interest expense, net, provision (benefit) for income taxes, depreciation and amortization (inclusive of our share of Adjusted EBITDA from our unconsolidated joint ventures), and excluding certain items we do not believe to be indicative of our core operating results, specifically:
EXCLUDED
•Acquisition and Integration Costs
•Restructuring and other transformation
•(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)
•Other expense (income), net
•Stock-based compensation expense

Internally, we use Adjusted EBITDA as the basis for evaluating the performance of, and allocating resources to, our operating segments.
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,
2023202220232022
Net Income (Loss)$1,143 $201,858 $66,678 $243,565 
Add/(Deduct):
Interest expense, net144,178 115,057 281,347 229,499 
Provision (benefit) for income taxes4,255 18,083 21,013 28,163 
Depreciation and amortization195,367 178,254 377,461 361,869 
Acquisition and Integration Costs1,511 16,878 3,106 32,539 
Restructuring and other transformation45,588 — 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 expense22,373 20,256 34,882 31,597 
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures4,054 1,672 7,859 3,010 
Adjusted EBITDA$475,658 $454,706 $936,466 $885,700 
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,
2023202220232022
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.