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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2024 and 2023 is as follows:
| THREE MONTHS ENDED MARCH 31, |  |
| 2024 |  | 2023 |  |  |  |
Global RIM Business |  |  |  |  |  |  |
Total Revenues | $ | 1,210,157 |  |  | $ | 1,126,526 |  |  |  |  |
Adjusted EBITDA | 526,268 |  |  | 477,784 |  |  |  |  |
Global Data Center Business |  |  |  |  |  |  |
Total Revenues | $ | 143,937 |  |  | $ | 112,305 |  |  |  |  |
Adjusted EBITDA | 61,568 |  |  | 50,635 |  |  |  |  |
Corporate and Other |  |  |  |  |  |  |
Total Revenues | $ | 122,769 |  |  | $ | 75,518 |  |  |  |  |
Adjusted EBITDA | (68,981) |  |  | (67,611) |  |  |  |  |
Total Consolidated |  |  |  |  |  |  |
Total Revenues | $ | 1,476,863 |  |  | $ | 1,314,349 |  |  |  |  |
Adjusted EBITDA | 518,855 |  |  | 460,808 |  |  |  |  |
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, 2024 and 2023 is as follows:
| THREE MONTHS ENDED MARCH 31, |  |
| 2024 |  | 2023 |  |  |  |
Net Income (Loss) | $ | 77,025 |  |  | $ | 65,535 |  |  |  |  |
Add/(Deduct): |  |  |  |  |  |  |
Interest expense, net | 164,519 |  |  | 137,169 |  |  |  |  |
Provision (benefit) for income taxes | 16,609 |  |  | 16,758 |  |  |  |  |
Depreciation and amortization | 209,555 |  |  | 182,094 |  |  |  |  |
Acquisition and Integration Costs | 7,809 |  |  | 1,595 |  |  |  |  |
Restructuring and other transformation | 40,767 |  |  | 36,913 |  |  |  |  |
Loss (gain) on disposal/write-down of property, plant and equipment, net (including real estate) | 389 |  |  | (13,061) |  |  |  |  |
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures | (13,110) |  |  | 17,491 |  |  |  |  |
Stock-based compensation expense | 14,039 |  |  | 12,509 |  |  |  |  |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | 1,253 |  |  | 3,805 |  |  |  |  |
Adjusted EBITDA | $ | 518,855 |  |  | $ | 460,808 |  |  |  |  |
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, 2024 and 2023 is as follows:
|  | THREE MONTHS ENDED MARCH 31, |  |
|  | 2024 |  | 2023 |  |  |  |
Global RIM Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 936,652 |  |  | $ | 867,988 |  |  |  |  |
Data Management(1) |  | 132,050 |  |  | 129,594 |  |  |  |  |
Information Destruction(1)(2) |  | 141,455 |  |  | 128,944 |  |  |  |  |
Data Center(1) |  | — |  |  | — |  |  |  |  |
Global Data Center Business |  |  |  |  |  |  |  |
Records Management(1) |  | $ | — |  |  | $ | — |  |  |  |  |
Data Management(1) |  | — |  |  | — |  |  |  |  |
Information Destruction(1) |  | — |  |  | — |  |  |  |  |
Data Center(1) |  | 143,937 |  |  | 112,305 |  |  |  |  |
Corporate and Other |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 39,072 |  |  | $ | 34,348 |  |  |  |  |
Data Management(1) |  | — |  |  | — |  |  |  |  |
Information Destruction(1)(3) |  | 83,697 |  |  | 41,170 |  |  |  |  |
Data Center(1) |  | — |  |  | — |  |  |  |  |
Total Consolidated |  |  |  |  |  |  |  |
Records Management(1) |  | $ | 975,724 |  |  | $ | 902,336 |  |  |  |  |
Data Management(1) |  | 132,050 |  |  | 129,594 |  |  |  |  |
Information Destruction(1)(2)(3) |  | 225,152 |  |  | 170,114 |  |  |  |  |
Data Center(1) |  | 143,937 |  |  | 112,305 |  |  |  |  |
(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 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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