Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of revenue information disaggregated by service lines and geographic areas

The following tables present revenue information disaggregated by product lines and geographic areas, (in thousands):

	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	497,659	$	398,703	$	259,573	$	1,155,935	$	985,118	$	786,978	$	514,131	$	2,286,227
Interconnection	167,618		65,258		54,898		287,774		332,505		126,908		108,080		567,493
Managed infrastructure	40,734		31,176		22,094		94,004		79,219		63,287		44,843		187,349
Other (1)	451		3,682		616		4,749		2,489		8,728		1,109		12,326
Recurring revenues	706,462		498,819		337,181		1,542,462		1,399,331		985,901		668,163		3,053,395
Non-recurring revenues	44,181		39,110		32,166		115,457		77,252		70,745		52,591		200,588
Total	$	750,643	$	537,929	$	369,347	$	1,657,919	$	1,476,583	$	1,056,646	$	720,754	$	3,253,983

(1) Includes some leasing and hedging activities.

	Three Months Ended June 30, 2020								Six Months Ended June 30, 2020
	Americas		EMEA		Asia-Pacific		Total		Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	447,498	$	381,144	$	228,803	$	1,057,445	$	898,452	$	743,474	$	449,896	$	2,091,822
Interconnection	153,387		50,904		45,140		249,431		304,316		99,445		87,811		491,572
Managed infrastructure	28,889		29,012		22,150		80,051		54,418		59,149		43,974		157,541
Other (1)	5,081		6,130		—		11,211		10,301		8,596		—		18,897
Recurring revenues	634,855		467,190		296,093		1,398,138		1,267,487		910,664		581,681		2,759,832
Non-recurring revenues	26,564		20,900		24,519		71,983		55,837		56,335		42,659		154,831
Total	$	661,419	$	488,090	$	320,612	$	1,470,121	$	1,323,324	$	966,999	$	624,340	$	2,914,663

(1) Includes some leasing and hedging activities.

Schedule of adjusted EBITDA

We define adjusted EBITDA as income from operations excluding depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Adjusted EBITDA:
Americas	$	325,924	$	302,107	$	670,416	$	595,720
EMEA	262,526		243,597		506,089		473,755
Asia-Pacific	208,827		174,337		394,004		334,776
Total adjusted EBITDA	797,277		720,041		1,570,509		1,404,251
Depreciation, amortization and accretion expense	(417,758)		(348,434)		(812,076)		(685,865)
Stock-based compensation expense	(94,335)		(75,844)		(172,685)		(156,410)
Transaction costs	(6,985)		(13,617)		(8,167)		(25,147)
Gain (loss) on asset sales	455		342		(1,265)		(857)
Income from operations	$	278,654	$	282,488	$	576,316	$	535,972

Segment disclosures

We also provide the following additional segment disclosures (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Depreciation and amortization:
Americas	$	222,134	$	180,934	$	425,567	$	352,008
EMEA	115,162		93,012		225,941		185,386
Asia-Pacific	78,945		74,647		159,750		147,068
Total	$	416,241	$	348,593	$	811,258	$	684,462
Capital expenditures:
Americas	$	250,342	$	181,913	$	455,516	$	366,314
EMEA	252,802		197,264		488,218		319,392
Asia-Pacific	189,088		102,771		312,096		197,183
Total	$	692,232	$	481,948	$	1,255,830	$	882,889

Segment long-lived assets

Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, located in the following geographic areas as of (in thousands):

	June 30, 2021		December 31, 2020
Americas	$	6,703,341	$	6,429,861
EMEA	5,040,609		5,002,271
Asia-Pacific	3,399,948		3,070,952
Total Property, plant and equipment, net	$	15,143,898	$	14,503,084
Americas	$	326,240	$	363,515
EMEA	502,244		547,547
Asia-Pacific	543,310		563,995
Total Operating lease right-of-use assets	$	1,371,794	$	1,475,057