v3.24.1.u1
BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information Concerning the Company's Reportable Segments
Summarized financial information concerning the Company’s reportable segments for the three months ended March 31, 2024 and 2023 is shown in the following tables. The “Other” column (i) represents amounts excluded from specific segments, such as business development operations, stock-based compensation expense and corporate expenses included in Selling, general, administrative and development expense; Other operating expenses; Interest income; Interest expense; Gain (loss) on retirement of long-term obligations; and Other income (expense), and (ii) reconciles segment operating profit to Income from continuing operations before income taxes.
PropertyTotal 
Property

Services
OtherTotal
Three Months Ended March 31, 2024U.S. & CanadaAsia-PacificAfricaEuropeLatin AmericaData Centers
Segment revenues$1,310.7 $326.6 $292.0 $204.5 $445.5 $224.6 $2,803.9 $30.2 $2,834.1 
Segment operating expenses204.3 170.7 92.7 73.5 140.3 92.9 774.4 13.9 788.3 
Segment gross margin1,106.4 155.9 199.3 131.0 305.2 131.7 2,029.5 16.3 2,045.8 
Segment selling, general, administrative and development expense (1)36.6 12.8 14.9 15.8 27.8 17.2 125.1 4.9 130.0 
Segment operating profit$1,069.8 $143.1 $184.4 $115.2 $277.4 $114.5 $1,904.4 $11.4 $1,915.8 
Stock-based compensation expense$64.9 64.9 
Other selling, general, administrative and development expense62.1 62.1 
Depreciation, amortization and accretion549.4 549.4 
Other expense (2)208.5 208.5 
Income from continuing operations before income taxes $1,030.9 
Total assets$26,879.0 $3,821.9 $3,972.3 $11,676.0 $9,097.7 $10,455.1 $65,902.0 $67.4 $709.6 $66,679.0 
_______________
(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $64.9 million.
(2)Primarily includes interest expense, partially offset by gains from foreign currency exchange rate fluctuations.
PropertyTotal 
Property

Services
OtherTotal
Three Months Ended March 31, 2023U.S. & CanadaAsia-PacificAfricaEuropeLatin AmericaData Centers
Segment revenues$1,287.6 $251.1 $317.0 $191.7 $464.1 $203.0 $2,714.5 $52.7 $2,767.2 
Segment operating expenses205.3 168.4 118.5 73.1 137.9 83.8 787.0 19.1 806.1 
Segment gross margin1,082.3 82.7 198.5 118.6 326.2 119.2 1,927.5 33.6 1,961.1 
Segment selling, general, administrative and development expense (1)40.8 8.8 21.4 14.6 29.7 17.5 132.8 5.7 138.5 
Segment operating profit$1,041.5 $73.9 $177.1 $104.0 $296.5 $101.7 $1,794.7 $27.9 $1,822.6 
Stock-based compensation expense$65.5 65.5 
Other selling, general, administrative and development expense59.9 59.9 
Depreciation, amortization and accretion794.1 794.1 
Other expense (2)534.7 534.7 
Income from continuing operations before income taxes $368.4 
Total assets$26,657.4 $3,879.7 $4,632.4 $11,609.5 $8,741.0 $10,632.5 $66,152.5 $125.2 $540.0 $66,817.7 
_______________
(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $65.5 million.
(2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations. Three months ended March 31, 2023 also includes a loss on the sale of one of the Company’s subsidiaries in Mexico that held fiber assets of $80.0 million and $29.8 million in impairment charges.