| 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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total Property | | Services | | Other | | Total | | Three Months Ended March 31, 2024 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data 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 expenses | | 204.3 | | | 170.7 | | | 92.7 | | | 73.5 | | | 140.3 | | | 92.9 | | | 774.4 | | | 13.9 | | | | | 788.3 | | | Segment gross margin | | 1,106.4 | | | 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 expense | | | | | | | | | | | | | | | | | | 62.1 | | | 62.1 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 549.4 | | | 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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total Property | | Services | | Other | | Total | | Three Months Ended March 31, 2023 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data 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 expenses | | 205.3 | | | 168.4 | | | 118.5 | | | 73.1 | | | 137.9 | | | 83.8 | | | 787.0 | | | 19.1 | | | | | 806.1 | | | Segment gross margin | | 1,082.3 | | | 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 expense | | | | | | | | | | | | | | | | | | 59.9 | | | 59.9 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 794.1 | | | 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.
|