Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

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 BUSINESS		TOTAL CONSOLIDATED
As of and for the Year Ended December 31, 2020
Total Revenues	$	3,699,280	$	279,312	$	168,678	$	4,147,270
Storage Rental	2,373,783		263,695		116,613		2,754,091
Service	1,325,497		15,617		52,065		1,393,179
Depreciation and Amortization	455,567		134,844		61,658		652,069
Depreciation	309,969		83,106		54,487		447,562
Amortization	145,598		51,738		7,171		204,507
Adjusted EBITDA	1,574,069		126,576		(224,924)		1,475,721
Total Assets(1)	10,938,359		2,727,654		483,254		14,149,267
Expenditures for Segment Assets	338,006		249,459		44,389		631,854
Capital Expenditures	150,175		243,699		44,389		438,263
Cash Paid for Acquisitions, Net of Cash Acquired	118,581		—		—		118,581
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs	69,250		5,760		—		75,010
As of and for the Year Ended December 31, 2019
Total Revenues	$	3,812,433	$	257,151	$	193,000	$	4,262,584
Storage Rental	2,320,076		246,925		114,086		2,681,087
Service	1,492,357		10,226		78,914		1,581,497
Depreciation and Amortization	454,652		133,927		69,622		658,201
Depreciation	330,534		78,939		46,850		456,323
Amortization	124,118		54,988		22,772		201,878
Adjusted EBITDA	1,566,065		121,517		(218,573)		1,469,009
Total Assets(1)	10,753,218		2,535,848		527,750		13,816,816
Expenditures for Segment Assets	398,690		427,935		56,242		882,867
Capital Expenditures	248,232		392,029		52,722		692,983
Cash Paid for Acquisitions, Net of Cash Acquired	54,717		—		3,520		58,237
Acquisitions of Customer Relationships, Customer Inducements, Contract Fulfillment Costs and third-party commissions	95,741		35,906		—		131,647
As of and for the Year Ended December 31, 2018
Total Revenues	$	3,842,600	$	228,983	$	154,178	$	4,225,761
Storage Rental	2,301,344		218,675		102,436		2,622,455
Service	1,541,256		10,308		51,742		1,603,306
Depreciation and Amortization	472,155		105,680		61,679		639,514
Depreciation	341,384		58,707		52,649		452,740
Amortization	130,771		46,973		9,030		186,774
Adjusted EBITDA	1,572,438		99,575		(213,089)		1,458,924
Total Assets(1)	9,135,198		2,217,505		504,515		11,857,218
Expenditures for Segment Assets	443,634		1,794,386		79,286		2,317,306
Capital Expenditures	254,308		152,739		53,015		460,062
Cash Paid for Acquisitions, Net of Cash Acquired	93,217		1,639,427		25,913		1,758,557
Acquisitions of Customer Relationships, Customer Inducements and Contract Fulfillment Costs	96,109		2,220		358		98,687

(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 Income (Loss) from Continuing Operations to Adjusted EBITDA on a consolidated basis for the years ended December 31, 2020, 2019 and 2018 is as follows:


	YEAR ENDED DECEMBER 31,
	2020		2019		2018
Income (Loss) from Continuing Operations	$	343,096	$	268,211	$	367,558
Add/(Deduct):
Interest expense, net	418,535		419,298		409,648
Provision (benefit) for income taxes	29,609		59,931		42,753
Depreciation and amortization	652,069		658,201		639,514
Significant Acquisition Costs	—		13,293		50,665
Restructuring Charges	194,396		48,597		—
Intangible impairments	23,000		—		—
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)	(363,537)		(63,824)		(73,622)
Other expense (income), net, excluding our share of losses (gains) from our unconsolidated joint ventures(1)	133,611		25,720		(11,867)
Stock-based compensation expense(2)	34,272		36,194		31,014
COVID-19 Costs(3)	9,285		—		—
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures	1,385		3,388		3,261
Adjusted EBITDA	$	1,475,721	$	1,469,009	$	1,458,924

(1)Includes foreign currency transaction losses (gains), net, debt extinguishment expense and other, net.

(2)Stock-based compensation expense related to Project Summit is included within Restructuring Charges for the years ended December 31, 2020 and 2019.

(3)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 year ended December 31, 2020, approximately $7,600 and $1,600 of COVID-19 Costs are included within Cost of sales and Selling, general and administrative expenses, respectively, on our Consolidated Statement of Operations. These costs include the purchase of personal protective equipment for our employees and incremental cleaning costs of our facilities, among other direct costs.

10. SEGMENT INFORMATION (CONTINUED)

Schedule of Operations in Different Geographical Areas

Information as to our operations in different geographical areas for the years ended December 31, 2020, 2019 and 2018 is as follows:


	YEAR ENDED DECEMBER 31,
	2020		2019		2018
Revenues:
United States	$	2,577,084	$	2,632,586	$	2,579,847
United Kingdom	247,667		274,931		280,993
Canada	224,860		243,033		249,505
Australia	133,815		143,511		155,367
Remaining Countries	963,844		968,523		960,049

Long-lived Assets:
United States	$	7,818,059	$	7,862,262	$	6,902,232
United Kingdom	838,491		755,859		547,768
Canada	556,120		556,591		453,398
Australia	575,862		530,755		442,755
Remaining Countries	3,090,948		2,875,010		2,302,951

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, 2020, 2019 and 2018 is as follows:


	GLOBAL RIM BUSINESS		GLOBAL DATA CENTER BUSINESS		CORPORATE AND OTHER BUSINESS		TOTAL CONSOLIDATED
For the Year Ended December 31, 2020
Records Management(1)	$	2,852,296	$	—	$	102,003	$	2,954,299
Data Management(1)	488,198		—		66,675		554,873
Information Destruction(1)(2)	358,786		—		—		358,786
Data Center	—		279,312		—		279,312

For the Year Ended December 31, 2019
Records Management(1)	$	2,866,192	$	—	$	128,954	$	2,995,146
Data Management(1)	520,082		—		64,046		584,128
Information Destruction(1)(2)	426,159		—		—		426,159
Data Center	—		257,151		—		257,151

For the Year Ended December 31, 2018
Records Management(1)	$	2,871,253	$	—	$	96,669	$	2,967,922
Data Management(1)	539,035		—		57,509		596,544
Information Destruction(1)(2)	432,312		—		—		432,312
Data Center	—		228,983		—		228,983

(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 the destruction services offering, which does not have a storage rental component.

(2)Includes Secure Shredding services.