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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 |  |  |  |  |  |  |
Total Revenues | $ | 4,661,776 |  |  | $ | 495,026 |  |  | $ | 323,487 |  |  | $ | 5,480,289 |
Storage Rental | 2,834,352 |  |  | 474,066 |  |  | 62,227 |  |  | 3,370,645 |
Service | 1,827,424 |  |  | 20,960 |  |  | 261,260 |  |  | 2,109,644 |
Depreciation and Amortization | 470,934 |  |  | 158,817 |  |  | 146,408 |  |  | 776,159 |
Depreciation | 313,956 |  |  | 117,738 |  |  | 94,156 |  |  | 525,850 |
Amortization | 156,978 |  |  | 41,079 |  |  | 52,252 |  |  | 250,309 |
Adjusted EBITDA | 2,027,037 |  |  | 215,945 |  |  | (281,305) |  |  | 1,961,677 |
Total Assets(1) | 10,876,225 |  |  | 4,788,600 |  |  | 1,808,977 |  |  | 17,473,802 |
Expenditures for Segment Assets | 391,889 |  |  | 946,791 |  |  | 143,390 |  |  | 1,482,070 |
Capital Expenditures | 284,978 |  |  | 928,883 |  |  | 125,362 |  |  | 1,339,223 |
Cash Paid for Acquisitions, Net of Cash Acquired | 24,919 |  |  | (764) |  |  | 17,694 |  |  | 41,849 |
Acquisitions of Customer Relationships, Customer Inducements and Contract Costs | 81,992 |  |  | 18,672 |  |  | 334 |  |  | 100,998 |
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 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 Costs | 59,310 |  |  | 12,508 |  |  | — |  |  | 71,818 |
(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, 2023, 2022 and 2021 is as follows:
| YEAR ENDED DECEMBER 31,
| 2023 |  | 2022 |  | 2021
Net Income (Loss) | $ | 187,263 |  |  | $ | 562,149 |  |  | $ | 452,725 |
Add/(Deduct): |  |  |  |  |
Interest expense, net | 585,932 |  |  | 488,014 |  |  | 417,961 |
Provision (benefit) for income taxes | 39,943 |  |  | 69,489 |  |  | 176,290 |
Depreciation and amortization | 776,159 |  |  | 727,595 |  |  | 680,422 |
Acquisition and Integration Costs | 25,875 |  |  | 47,746 |  |  | 12,764 |
Restructuring and other transformation | 175,215 |  |  | 41,933 |  |  | 206,426 |
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate) | (12,825) |  |  | (93,268) |  |  | (172,041) |
Other expense (income), net, excluding our share of losses (gains) from our unconsolidated joint ventures(1) | 98,891 |  |  | (83,268) |  |  | (205,746) |
Stock-based compensation expense | 73,799 |  |  | 56,861 |  |  | 61,001 |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | 11,425 |  |  | 9,806 |  |  | 4,897 |
Adjusted EBITDA | $ | 1,961,677 |  |  | $ | 1,827,057 |  |  | $ | 1,634,699 |
(1)Includes foreign currency transaction losses (gains), net, debt extinguishment expense and other, net.
Schedule of Operations in Different Geographical Areas | Information as to our operations in different geographical areas for the years ended December 31, 2023, 2022 and 2021 is as follows:
| YEAR ENDED DECEMBER 31,
| 2023 |  | 2022 |  | 2021
Revenues: |  |  |  |  |
United States | $ | 3,507,134 |  |  | $ | 3,262,755 |  |  | $ | 2,713,147 |
United Kingdom | 393,917 |  |  | 332,556 |  |  | 294,675 |
Canada | 279,325 |  |  | 270,836 |  |  | 252,385 |
Australia | 143,815 |  |  | 144,840 |  |  | 148,431 |
Remaining Countries | 1,156,098 |  |  | 1,092,587 |  |  | 1,082,893 |
Long-lived Assets: |  |  |  |  |
United States | $ | 9,492,911 |  |  | $ | 8,925,643 |  |  | $ | 7,867,841 |
United Kingdom | 1,315,715 |  |  | 1,062,641 |  |  | 914,732 |
Canada | 498,511 |  |  | 514,777 |  |  | 562,911 |
Australia | 484,005 |  |  | 490,172 |  |  | 528,703 |
Remaining Countries | 3,947,115 |  |  | 3,600,136 |  |  | 3,134,577 |
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, 2023, 2022 and 2021 is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  | CORPORATE AND OTHER |  | TOTAL CONSOLIDATED
For the Year Ended December 31, 2023 |  |  |  |  |  |  |
Records Management(1) | $ | 3,625,264 |  |  | $ | — |  |  | $ | 146,389 |  |  | $ | 3,771,653 |
Data Management(1) | 520,194 |  |  | — |  |  | — |  |  | 520,194 |
Information Destruction(1)(2)(3) | 516,318 |  |  | — |  |  | 177,098 |  |  | 693,416 |
Data Center(1) | — |  |  | 495,026 |  |  | — |  |  | 495,026 |
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 |
(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service related, 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 our ALM business.

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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