| Schedule of Summarized Financial Information Concerning the Company's Reportable Segments |
Summarized financial information concerning the Company’s reportable segments for the three and six months ended June 30, 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 June 30, 2024 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 1,315.4 | | | $ | 360.9 | | | $ | 293.9 | | | $ | 203.2 | | | $ | 448.7 | | | $ | 230.8 | | | $ | 2,852.9 | | | $ | 47.4 | | | | | $ | 2,900.3 | | | Segment operating expenses | | 220.6 | | | 174.0 | | | 96.4 | | | 73.2 | | | 136.4 | | | 99.3 | | | 799.9 | | | 22.0 | | | | | 821.9 | | | Segment gross margin | | 1,094.8 | | | 186.9 | | | 197.5 | | | 130.0 | | | 312.3 | | | 131.5 | | | 2,053.0 | | | 25.4 | | | | | 2,078.4 | | | Segment selling, general, administrative and development expense (1) | | 40.2 | | | 16.2 | | | 15.4 | | | 15.4 | | | 21.7 | | | 18.9 | | | 127.8 | | | 4.6 | | | | | 132.4 | | | Segment operating profit | | $ | 1,054.6 | | | $ | 170.7 | | | $ | 182.1 | | | $ | 114.6 | | | $ | 290.6 | | | $ | 112.6 | | | $ | 1,925.2 | | | $ | 20.8 | | | | | $ | 1,946.0 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | | | $ | 46.3 | | | 46.3 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | | | 55.6 | | | 55.6 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 561.7 | | | 561.7 | | | Other expense (2) | | | | | | | | | | | | | | | | | | 254.0 | | | 254.0 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | | | $ | 1,028.4 | | | Total assets | | $ | 26,867.3 | | | $ | 3,702.0 | | | $ | 4,019.8 | | | $ | 11,568.2 | | | $ | 8,481.1 | | | $ | 10,479.4 | | | $ | 65,117.8 | | | $ | 73.8 | | | $ | 646.2 | | | $ | 65,837.8 | |
_______________ (1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $46.3 million. (2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations, partially offset by a gain of $46.4 million on the sales of the VIL Shares and the VIL OCDs and an unrealized gain from equity securities of $40.7 million. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total Property | | Services | | Other | | Total | | Three Months Ended June 30, 2023 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 1,303.2 | | | $ | 261.7 | | | $ | 321.2 | | | $ | 198.2 | | | $ | 439.4 | | | $ | 204.9 | | | $ | 2,728.6 | | | $ | 43.1 | | | | | $ | 2,771.7 | | | Segment operating expenses | | 216.9 | | | 179.6 | | | 112.8 | | | 77.3 | | | 139.8 | | | 83.7 | | | 810.1 | | | 17.2 | | | | | 827.3 | | | Segment gross margin | | 1,086.3 | | | 82.1 | | | 208.4 | | | 120.9 | | | 299.6 | | | 121.2 | | | 1,918.5 | | | 25.9 | | | | | 1,944.4 | | | Segment selling, general, administrative and development expense (1) | | 41.7 | | | 17.4 | | | 18.7 | | | 15.1 | | | 23.5 | | | 18.6 | | | 135.0 | | | 5.3 | | | | | 140.3 | | | Segment operating profit | | $ | 1,044.6 | | | $ | 64.7 | | | $ | 189.7 | | | $ | 105.8 | | | $ | 276.1 | | | $ | 102.6 | | | $ | 1,783.5 | | | $ | 20.6 | | | | | $ | 1,804.1 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | | | $ | 49.4 | | | 49.4 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | | | 54.7 | | | 54.7 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 764.6 | | | 764.6 | | | Other expense (2) | | | | | | | | | | | | | | | | | | 460.7 | | | 460.7 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | | | $ | 474.7 | | | Total assets | | $ | 26,595.2 | | | $ | 3,941.7 | | | $ | 4,180.6 | | | $ | 11,659.8 | | | $ | 9,229.1 | | | $ | 10,549.7 | | | $ | 66,156.1 | | | $ | 102.9 | | | $ | 620.0 | | | $ | 66,879.0 | | | | | | | | | | | | | | | | | | | | | | |
_______________ (1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $49.4 million. (2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations. Three months ended June 30, 2023 also includes $37.5 million in impairment charges. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total Property | | Services | | Other | | Total | | Six Months Ended June 30, 2024 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 2,626.1 | | | $ | 687.5 | | | $ | 585.9 | | | $ | 407.7 | | | $ | 894.2 | | | $ | 455.4 | | | $ | 5,656.8 | | | $ | 77.6 | | | | | $ | 5,734.4 | | | Segment operating expenses | | 424.9 | | | 344.7 | | | 189.1 | | | 146.7 | | | 276.7 | | | 192.2 | | | 1,574.3 | | | 35.9 | | | | | 1,610.2 | | | Segment gross margin | | 2,201.2 | | | 342.8 | | | 396.8 | | | 261.0 | | | 617.5 | | | 263.2 | | | 4,082.5 | | | 41.7 | | | | | 4,124.2 | | | Segment selling, general, administrative and development expense (1) | | 76.8 | | | 29.0 | | | 30.3 | | | 31.2 | | | 49.5 | | | 36.1 | | | 252.9 | | | 9.5 | | | | | 262.4 | | | Segment operating profit | | $ | 2,124.4 | | | $ | 313.8 | | | $ | 366.5 | | | $ | 229.8 | | | $ | 568.0 | | | $ | 227.1 | | | $ | 3,829.6 | | | $ | 32.2 | | | | | $ | 3,861.8 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | | | $ | 111.2 | | | 111.2 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | | | 117.7 | | | 117.7 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 1,111.1 | | | 1,111.1 | | | Other expense (2) | | | | | | | | | | | | | | | | | | 462.5 | | | 462.5 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | | | $ | 2,059.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | _______________(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $111.2 million. (2)Primarily includes interest expense, partially offset by gains from foreign currency exchange rate fluctuations, a gain of $46.4 million on the sales of the VIL Shares and the VIL OCDs and an unrealized gain from equity securities of $26.0 million. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total Property | | Services | | Other | | Total | | Six Months Ended June 30, 2023 | | U.S. & Canada | | Asia-Pacific | | Africa | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 2,590.8 | | | $ | 512.8 | | | $ | 638.2 | | | $ | 389.9 | | | $ | 903.5 | | | $ | 407.9 | | | $ | 5,443.1 | | | $ | 95.8 | | | | | $ | 5,538.9 | | | Segment operating expenses | | 422.2 | | | 348.0 | | | 231.3 | | | 150.4 | | | 277.7 | | | 167.5 | | | 1,597.1 | | | 36.3 | | | | | 1,633.4 | | | Segment gross margin | | 2,168.6 | | | 164.8 | | | 406.9 | | | 239.5 | | | 625.8 | | | 240.4 | | | 3,846.0 | | | 59.5 | | | | | 3,905.5 | | | Segment selling, general, administrative and development expense (1) | | 82.5 | | | 26.2 | | | 40.1 | | | 29.7 | | | 53.2 | | | 36.1 | | | 267.8 | | | 11.0 | | | | | 278.8 | | | Segment operating profit | | $ | 2,086.1 | | | $ | 138.6 | | | $ | 366.8 | | | $ | 209.8 | | | $ | 572.6 | | | $ | 204.3 | | | $ | 3,578.2 | | | $ | 48.5 | | | | | $ | 3,626.7 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | | | $ | 114.9 | | | 114.9 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | | | 114.6 | | | 114.6 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | | | 1,558.7 | | | 1,558.7 | | | Other expense (2) | | | | | | | | | | | | | | | | | | 995.4 | | | 995.4 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | | | $ | 843.1 | | _______________(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $114.9 million. (2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations. Six months ended June 30, 2023 also includes a net loss on the sales of one of the Company’s subsidiaries in Mexico that held fiber assets and the Company’s subsidiary in Poland of $78.9 million and $67.3 million in impairment charges.
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