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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our Chief Operating Decision Maker (“CODM”), our President and CEO, uses Adjusted EBITDA as the basis for evaluating the performance of, and allocating resources to, our operating segments. The CODM uses Adjusted EBITDA to ensure that resources, including capital, are allocated strategically to support our strategy. Other significant expenses regularly provided to the CODM include total Restructuring and other transformation costs, as disclosed in Note 13.
As of December 31, 2024, our two reportable segments are described as follows:
(1)Global Records and Information Management ("Global RIM") Business includes several distinct offerings:
(i)Records Management, which stores physical records and provides information services, vital records services, courier operations, and the collection, handling and disposal of sensitive documents ("Records Management") for customers in 61 countries around the globe.
(ii)Data Management, which provides storage and rotation of backup computer media as part of corporate disaster recovery plans, including service and courier operations, server and computer backup services and related services offerings ("Data Management").
(iii)Global Digital Solutions, which develops, implements and supports comprehensive storage and information management solutions for the complete lifecycle of our customers’ information, including the management of physical records, conversion of documents to digital formats and digital storage of information. In August 2024, we launched the Insight Digital Experience Platform (also referred to as DXP), a secure, software-as-a-service platform designed to automate customer workflows, enhance data accessibility, ensure audit compliance and optimize customer data for artificial intelligence applications.
(iv)Secure Shredding, which includes the scheduled pick-up of office records that customers accumulate in specially designed secure containers we provide and is a natural extension of our hardcopy records management operations, completing the lifecycle of a record. Through a combination of shredding facilities and mobile shredding units consisting of custom built trucks, we are able to offer secure shredding services to our customers.
(v)Media and Archive Services, which includes entertainment and media services, which help industry clients store, safeguard and deliver physical media of all types, and provides digital content repository systems that house, distribute and archive key media assets.
(vi)Consumer Storage, which provides on-demand, valet storage for consumers utilizing data analytics and machine learning to provide effective customer acquisition and a convenient and seamless consumer storage experience.
(2)Global Data Center Business, which provides enterprise-class data center facilities and hyperscale-ready capacity to protect mission-critical assets and ensure the continued operation of our customers’ IT infrastructure, with secure, reliable and flexible data center options.
The remaining activities of our business consist primarily of our ALM and Fine Arts businesses and Corporate and Other.
(i)ALM provides hyperscale and corporate IT infrastructure managers with services and solutions that enable the decommissioning, data erasure, processing and disposition, and recycling or sale of IT hardware and component assets. ALM services are enabled by: secure logistics, chain of custody and complete asset traceability practices, environmentally-responsible asset processing and recycling, and data sanitization and asset refurbishment services that enable value recovery through asset remarketing. In addition, ALM also offers workplace IT asset management services including storage, configuration, deployment, device support, end-of-life disposition and recycling or sale of employee IT devices. Our ALM services focus on protecting and eradicating customer data while maintaining strong, auditable and transparent chain of custody practices.
(ii)Fine Arts provides technical expertise in the handling, installation and storing of art.
(iii)Corporate and Other also includes costs related to executive and staff functions, including finance, human resources and IT, which benefit the enterprise as a whole.
The accounting policies of our reportable segments are the same as those described in Note 2.
An analysis of our business segment information and reconciliation to the accompanying Consolidated Financial Statements is as follows:
GLOBAL RIM BUSINESSGLOBAL
DATA CENTER BUSINESS		TOTAL REPORTABLE SEGMENTSCORPORATE 
AND OTHER 		TOTAL
CONSOLIDATED
As of and for the Year Ended December 31, 2024
   
Total Revenues$4,979,438 $620,028 $5,599,466 $550,443 $6,149,909 
Storage Rental3,009,094 606,294 3,615,388 66,871 3,682,259 
Service1,970,344 13,734 1,984,078 483,572 2,467,650 
Other Reportable Segment Expenses(1)
2,756,321 337,515 3,093,836 
Adjusted EBITDA2,223,117 282,513 2,505,630 
Total Assets(2)
10,408,885 6,060,608 16,469,493 2,247,622 18,717,115 
As of and for the Year Ended December 31, 2023
   
Total Revenues$4,661,776 $495,026 $5,156,802 $323,487 $5,480,289 
Storage Rental2,834,352 474,066 3,308,418 62,227 3,370,645 
Service1,827,424 20,960 1,848,384 261,260 2,109,644 
Other Reportable Segment Expenses(1)
2,634,739 279,081 2,913,820 
Adjusted EBITDA2,027,037 215,945 2,242,982 
Total Assets(2)
10,876,225 4,788,600 15,664,825 1,808,977 17,473,802 
As of and for the Year Ended December 31, 2022
   
Total Revenues$4,295,115 $401,125 $4,696,240 $407,334 $5,103,574 
Storage Rental2,606,721 372,208 2,978,929 55,094 3,034,023 
Service1,688,394 28,917 1,717,311 352,240 2,069,551 
Other Reportable Segment Expenses(1)
2,407,526 225,503 2,633,029 
Adjusted EBITDA1,887,589 175,622 2,063,211 
Total Assets(2)
10,654,650 3,752,088 14,406,738 1,733,776 16,140,514 
(1)Primarily relates to Cost of sales (excluding depreciation and amortization) and Selling, general and administrative expenses for the respective reportable segment.
(2)Excludes all intercompany receivables or payables and investment in subsidiary balances.
A reconciliation of Adjusted EBITDA for our reportable segments to total Net Income (Loss) Before Provision (Benefit) for Income Taxes for the years ended December 31, 2024, 2023 and 2022 is as follows:
 YEAR ENDED DECEMBER 31,
 202420232022
Total Adjusted EBITDA for Reportable Segments$2,505,630 $2,242,982 $2,063,211 
Add/(Deduct):
Corporate and other(269,250)(281,305)(236,154)
Interest expense, net(721,559)(585,932)(488,014)
Depreciation and amortization(900,905)(776,159)(727,595)
Acquisition and Integration Costs(35,842)(25,875)(47,746)
Restructuring and other transformation
(161,359)(175,215)(41,933)
(Loss) gain on disposal/write-down of property, plant and equipment, net (including real estate)(6,196)12,825 93,268 
Other (expense) income, net, excluding our share of losses (gains) from our unconsolidated joint ventures
(39,159)(98,891)83,268 
Stock-based compensation expense(118,138)(73,799)(56,861)
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures(8,684)(11,425)(9,806)
Total Net Income (Loss) Before Provision (Benefit) for Income Taxes$244,538 $227,206 $631,638 
Information as to our operations in different geographical areas for the years ended December 31, 2024, 2023 and 2022 is as follows:
 YEAR ENDED DECEMBER 31,
 202420232022
Revenues:   
United States$4,008,402 $3,507,134 $3,262,755 
United Kingdom426,462 393,917 332,556 
Canada303,184 279,325 270,836 
Remaining Countries1,411,861 1,299,913 1,237,427 
Long-lived Assets:  
United States$11,399,912 $9,492,911 $8,925,643 
United Kingdom1,419,582 1,315,715 1,062,641 
Canada612,581 498,511 514,777 
Remaining Countries3,593,818 4,431,120 4,090,308 
Information as to our revenues by product and service lines by segment for the years ended December 31, 2024, 2023 and 2022 is as follows:
GLOBAL RIM BUSINESSGLOBAL
 DATA CENTER BUSINESS		CORPORATE 
AND OTHER		TOTAL
CONSOLIDATED
For the Year Ended December 31, 2024
   
Records Management(1)
$3,899,109 $— $162,366 $4,061,475 
Data Management(1)
515,306 — — 515,306 
Information Destruction(1)(2)(3)
565,023 — 388,077 953,100 
Data Center(1)
— 620,028 — 620,028 
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 
(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.