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Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
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 and nine months ended September 30, 2021 and 2020 is as follows:
THREE MONTHS ENDED
SEPTEMBER 30,
NINE MONTHS ENDED
SEPTEMBER 30,
2021202020212020
Global RIM Business
Total Revenues$995,577 $921,773 $2,955,803 $2,755,294 
      Adjusted EBITDA442,798 393,883 1,281,668 1,169,671 
Global Data Center Business
Total Revenues$88,587 $72,814 $236,672 $206,939 
Adjusted EBITDA35,097 33,359 98,961 94,812 
Corporate and Other Business
Total Revenues$45,984 $42,060 $139,469 $125,384 
     Adjusted EBITDA(60,126)(51,230)(176,664)(163,010)
Total Consolidated
Total Revenues$1,130,148 $1,036,647 $3,331,944 $3,087,617 
Adjusted EBITDA417,769 376,012 1,203,965 1,101,473 
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 and nine months ended September 30, 2021 and 2020 is as follows:
 THREE MONTHS ENDED
SEPTEMBER 30,
NINE MONTHS ENDED
SEPTEMBER 30,
2021202020212020
Net Income (Loss)$68,111 $38,562 $391,264 $96,341 
Add/(Deduct):
Interest expense, net103,809 104,303 313,451 313,408 
Provision (benefit) for income taxes28,017 13,934 153,073 33,304 
Depreciation and amortization174,818 157,252 507,145 483,686 
Acquisition and Integration Costs1,138 — 3,415 — 
Restructuring Charges50,432 48,371 129,686 128,715 
Intangible impairments— — — 23,000 
(Gain) loss on disposal/write-down of property, plant and equipment, net (including real estate)(935)(75,840)(134,321)(78,170)
Other (income) expense, net, excluding our share of losses (gains) from our unconsolidated joint ventures(21,517)81,190 (209,001)59,398 
Stock-based compensation expense(1)
12,644 8,065 45,913 32,056 
COVID-19 Costs(2)
— — — 9,285 
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures1,252 175 3,340 450 
Adjusted EBITDA$417,769 $376,012 $1,203,965 $1,101,473 
(1) Stock-based compensation expense related to Project Summit is included within Restructuring Charges for the three and nine months ended September 30, 2021 and 2020.
(2) 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"). These costs include the purchase of personal protective equipment for our employees and incremental cleaning costs of our facilities, among other direct costs.
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 and nine months ended September 30, 2021 and 2020 are as follows:
THREE MONTHS ENDED SEPTEMBER 30,NINE MONTHS ENDED SEPTEMBER 30,
2021202020212020
Global RIM Business
Records Management(1)
$767,059 $712,182 $2,285,000 $2,118,767 
Data Management(1)
115,261 121,936 351,914 367,093 
Information Destruction(1)(2)
113,257 87,655 318,889 269,434 
Data Center(1)
— — — — 
Global Data Center Business
Records Management(1)
$— $— $— $— 
Data Management(1)
— — — — 
Information Destruction(1)(2)
— — — — 
Data Center(1)
88,587 72,814 236,672 206,939 
Corporate and Other Business
Records Management(1)
$30,453 $25,720 $91,461 $75,675 
Data Management(1)
15,531 16,340 48,008 49,709 
Information Destruction(1)(2)
— — — — 
Data Center(1)
— — — — 
Total Consolidated
Records Management(1)
$797,512 $737,902 $2,376,461 $2,194,442 
Data Management(1)
130,792 138,276 399,922 416,802 
Information Destruction(1)(2)
113,257 87,655 318,889 269,434 
Data Center(1)
88,587 72,814 236,672 206,939 
(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.