Segment Information Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of analysis of business segment information

An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements is as follows:



	Global RIM Business		Global Data Center Business		Corporate and Other Business			Total Consolidated
For the Three Months Ended June 30, 2020
Total Revenues	$	877,102	$	66,768	$	38,369		$	982,239
Storage Rental	584,402		63,812		28,742			676,956
Service	292,700		2,956		9,627			305,283
Depreciation and Amortization	113,352		34,850		15,648			163,850
Depreciation	76,589		22,412		13,927			112,928
Amortization	36,763		12,438		1,721			50,922
Adjusted EBITDA	383,816		30,558		(71,490		)	342,884
Expenditures for Segment Assets	37,892		68,823		8,131			114,846
Capital Expenditures	26,377		68,506		8,131			103,014
Cash Paid for Acquisitions, Net of Cash Acquired	443		—		—			443
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs	11,072		317		—			11,389
For the Three Months Ended June 30, 2019
Total Revenues	$	954,856	$	62,291	$	49,760		$	1,066,907
Storage Rental	579,575		60,582		29,131			669,288
Service	375,281		1,709		20,629			397,619
Depreciation and Amortization	117,873		32,671		13,787			164,331
Depreciation	82,776		19,027		11,919			113,722
Amortization	35,097		13,644		1,868			50,609
Adjusted EBITDA	395,579		27,641		(72,278		)	350,942
Expenditures for Segment Assets	94,836		102,477		12,931			210,244
Capital Expenditures	68,403		101,032		12,931			182,366
Cash Paid for Acquisitions, Net of Cash Acquired	5,228		—		—			5,228
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs and third-party commissions	21,205		1,445		—			22,650



	Global RIM Business		Global Data Center Business		Corporate and Other Business			Total Consolidated
For the Six Months Ended June 30, 2020
Total Revenues	$	1,833,521	$	134,125	$	83,324		$	2,050,970
Storage Rental	1,174,415		128,407		57,681			1,360,503
Service	659,106		5,718		25,643			690,467
Depreciation and Amortization	225,564		70,117		30,753			326,434
Depreciation	155,628		44,320		26,680			226,628
Amortization	69,936		25,797		4,073			99,806
Adjusted EBITDA	775,787		61,454		(131,280		)	705,961
Total Assets(1)	10,576,969		2,561,441		1,229,143			14,367,553
Expenditures for Segment Assets	214,392		112,383		20,488			347,263
Capital Expenditures	68,075		111,595		20,488			200,158
Cash Paid for Acquisitions, Net of Cash Acquired	118,512		—		—			118,512
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs	27,805		788		—			28,593
For the Six Months Ended June 30, 2019
Total Revenues	$	1,900,739	$	123,827	$	96,204		$	2,120,770
Storage Rental	1,155,348		120,300		56,614			1,332,262
Service	745,391		3,527		39,590			788,508
Depreciation and Amortization	233,928		64,303		28,583			326,814
Depreciation	165,701		38,040		24,592			228,333
Amortization	68,227		26,263		3,991			98,481
Adjusted EBITDA	761,415		53,652		(139,619		)	675,448
Total Assets(1)	10,779,505		2,330,535		610,942			13,720,982
Expenditures for Segment Assets	217,993		256,182		28,169			502,344
Capital Expenditures	119,893		222,589		24,649			367,131
Cash Paid for Acquisitions, Net of Cash Acquired	41,131		—		3,520			44,651
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs and third-party commissions	56,969		33,593		—			90,562

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(1)	Excludes all intercompany receivables or payables and investment in subsidiary balances.

Schedule of reconciliation of adjusted EBITDA to income from continuing operations

A reconciliation of (Loss) Income from Continuing Operations to Adjusted EBITDA on a consolidated basis for the three and six months ended June 30, 2020 and 2019 is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
(Loss) Income from Continuing Operations	$	(7,113	)	$	92,347		$	57,779		$	122,823
Add/(Deduct):
Provision (Benefit) for Income Taxes	9,683			10,646			19,370			21,199
Other Expense (Income), Net	25,700			(15,192		)	(17,026		)	18
Interest Expense, Net	103,456			105,314			209,105			207,750
(Gain) Loss on disposal/write-down of property, plant and equipment, net	(1,275		)	(8,405		)	(2,330		)	(7,803		)
Depreciation and amortization	163,850			164,331			326,434			326,814
Significant Acquisition Costs	—			1,901			—			4,647
Restructuring Charges	39,298			—			80,344			—
COVID-19 Costs(1)	9,285			—			9,285			—
Intangible impairments	—			—			23,000			—
Adjusted EBITDA	$	342,884		$	350,942		$	705,961		$	675,448

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(1)

Costs that are incremental and directly attributable to the COVID-19 pandemic which are not expected to recur once the pandemic ends ("COVID-19 Costs"). For the three and six months ended June 30, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within in Cost of sales and Selling, general and administrative expenses, respectively, on our Condensed Consolidated Statements of Operations. These costs primarily consist of incremental cleaning costs, the purchase of personal protective equipment for our employees and legal and professional fees.

Schedule of revenues by product and service lines by segment



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
(Loss) Income from Continuing Operations	$	(7,113	)	$	92,347		$	57,779		$	122,823
Add/(Deduct):
Provision (Benefit) for Income Taxes	9,683			10,646			19,370			21,199
Other Expense (Income), Net	25,700			(15,192		)	(17,026		)	18
Interest Expense, Net	103,456			105,314			209,105			207,750
(Gain) Loss on disposal/write-down of property, plant and equipment, net	(1,275		)	(8,405		)	(2,330		)	(7,803		)
Depreciation and amortization	163,850			164,331			326,434			326,814
Significant Acquisition Costs	—			1,901			—			4,647
Restructuring Charges	39,298			—			80,344			—
COVID-19 Costs(1)	9,285			—			9,285			—
Intangible impairments	—			—			23,000			—
Adjusted EBITDA	$	342,884		$	350,942		$	705,961		$	675,448

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(1)

Information as to our revenues by product and service lines by segment for the three and six months ended June 30, 2020 and 2019 are as follows:



	Global RIM Business		Global Data Center Business		Corporate and Other Business		Total Consolidated
For the Three Months Ended June 30, 2020
Records Management(1)	$	678,969	$	—	$	21,079	$	700,048
Data Management(1)	119,259		—		17,290		136,549
Information Destruction(1)(2)	78,874		—		—		78,874
Data Center	—		66,768		—		66,768
Total Revenues	$	877,102	$	66,768	$	38,369	$	982,239
For the Three Months Ended June 30, 2019
Records Management(1)	$	716,605	$	—	$	34,177	$	750,782
Data Management(1)	128,847		—		15,583		144,430
Information Destruction(1)(2)	109,404		—		—		109,404
Data Center	—		62,291		—		62,291
Total Revenues	$	954,856	$	62,291	$	49,760	$	1,066,907
For the Six Months Ended June 30, 2020
Records Management(1)	$	1,406,585	$	—	$	49,955	$	1,456,540
Data Management(1)	245,157		—		33,369		278,526
Information Destruction(1)(2)	181,779		—		—		181,779
Data Center	—		134,125		—		134,125
Total Revenues	$	1,833,521	$	134,125	$	83,324	$	2,050,970
For the Six Months Ended June 30, 2019
Records Management(1)	$	1,417,703	$	—	$	66,475	$	1,484,178
Data Management(1)	261,949		—		29,729		291,678
Information Destruction(1)(2)	221,087		—		—		221,087
Data Center	—		123,827		—		123,827
Total Revenues	$	1,900,739	$	123,827	$	96,204	$	2,120,770

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(1)	Each of the offerings within our product and service lines has a component of revenue that is storage rental related and a component that is service revenues, except for information destruction, which does not have a storage rental component.

(2)

Includes secure shredding services.