| 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, 2025 and 2024 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, 2025 | | U.S. & Canada | | Africa & APAC | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 1,307.1 | | | $ | 336.3 | | | $ | 232.7 | | | $ | 389.4 | | | $ | 261.9 | | | $ | 2,527.4 | | | $ | 99.5 | | | | | $ | 2,626.9 | | | Segment operating expenses | | 222.2 | | | 104.5 | | | 86.6 | | | 124.4 | | | 102.9 | | | 640.6 | | | 48.1 | | | | | 688.7 | | | Segment gross margin | | 1,084.9 | | | 231.8 | | | 146.1 | | | 265.0 | | | 159.0 | | | 1,886.8 | | | 51.4 | | | | | 1,938.2 | | | Segment selling, general, administrative and development expense (1) | | 41.3 | | | 18.9 | | | 14.6 | | | 27.1 | | | 19.1 | | | 121.0 | | | 6.5 | | | | | 127.5 | | | Segment operating profit | | $ | 1,043.6 | | | $ | 212.9 | | | $ | 131.5 | | | $ | 237.9 | | | $ | 139.9 | | | $ | 1,765.8 | | | $ | 44.9 | | | | | $ | 1,810.7 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | $ | 47.3 | | | 47.3 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | 58.9 | | | 58.9 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | 510.3 | | | 510.3 | | | Other expense (2) | | | | | | | | | | | | | | | | 682.4 | | | 682.4 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | $ | 511.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
_______________ (1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $47.3 million. (2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations, partially offset by an unrealized gain from equity securities of $110.7 million. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total
Property | |
Services | | Other | | Total | | Three Months Ended June 30, 2024 | | U.S. & Canada | | Africa & APAC (1) | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 1,315.4 | | | $ | 299.2 | | | $ | 203.2 | | | $ | 448.7 | | | $ | 230.8 | | | $ | 2,497.3 | | | $ | 47.4 | | | | | $ | 2,544.7 | | | Segment operating expenses | | 220.6 | | | 97.8 | | | 73.2 | | | 136.4 | | | 99.3 | | | 627.3 | | | 22.0 | | | | | 649.3 | | | Segment gross margin | | 1,094.8 | | | 201.4 | | | 130.0 | | | 312.3 | | | 131.5 | | | 1,870.0 | | | 25.4 | | | | | 1,895.4 | | | Segment selling, general, administrative and development expense (2) | | 40.2 | | | 17.6 | | | 15.4 | | | 21.7 | | | 18.9 | | | 113.8 | | | 4.6 | | | | | 118.4 | | | Segment operating profit | | $ | 1,054.6 | | | $ | 183.8 | | | $ | 114.6 | | | $ | 290.6 | | | $ | 112.6 | | | $ | 1,756.2 | | | $ | 20.8 | | | | | $ | 1,777.0 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | $ | 44.3 | | | 44.3 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | 55.6 | | | 55.6 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | 520.6 | | | 520.6 | | | Other expense (3) | | | | | | | | | | | | | | | | 309.2 | | | 309.2 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | $ | 847.3 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
_______________(1)Excludes the operating results of ATC TIPL, which are reported as discontinued operations. See note 16 for further discussion. (2)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $44.3 million. (3)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations, partially offset by an unrealized gain from equity securities of $40.7 million. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total
Property | | Services | | Other | | Total | | Six Months Ended June 30, 2025 | | U.S. & Canada | | Africa & APAC | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 2,605.4 | | | $ | 669.9 | | | $ | 445.7 | | | $ | 788.6 | | | $ | 506.0 | | | $ | 5,015.6 | | | $ | 174.1 | | | | | $ | 5,189.7 | | | Segment operating expenses | | 424.5 | | | 203.8 | | | 162.6 | | | 247.1 | | | 202.2 | | | 1,240.2 | | | 83.0 | | | | | 1,323.2 | | | Segment gross margin | | 2,180.9 | | | 466.1 | | | 283.1 | | | 541.5 | | | 303.8 | | | 3,775.4 | | | 91.1 | | | | | 3,866.5 | | | Segment selling, general, administrative and development expense (1) | | 80.6 | | | 39.0 | | | 30.4 | | | 48.1 | | | 42.0 | | | 240.1 | | | 12.9 | | | | | 253.0 | | | Segment operating profit | | $ | 2,100.3 | | | $ | 427.1 | | | $ | 252.7 | | | $ | 493.4 | | | $ | 261.8 | | | $ | 3,535.3 | | | $ | 78.2 | | | | | $ | 3,613.5 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | $ | 100.7 | | | 100.7 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | 117.5 | | | 117.5 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | 1,002.8 | | | 1,002.8 | | | Other expense (2) | | | | | | | | | | | | | | | | 1,263.2 | | | 1,263.2 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | $ | 1,129.3 | | | Total assets | | $ | 26,889.9 | | | $ | 4,234.9 | | | $ | 12,884.5 | | | $ | 8,372.4 | | | $ | 10,705.3 | | | $ | 63,087.0 | | | $ | 139.0 | | | $ | 528.5 | | | $ | 63,754.5 | | | Capital expenditures | | $ | 160.5 | | | $ | 99.8 | | | $ | 106.5 | | | $ | 57.9 | | | $ | 224.3 | | | $ | 649.0 | | | $ | — | | | $ | 3.9 | | | $ | 652.9 | |
_______________ (1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $100.7 million. (2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations, partially offset by an unrealized gain from equity securities of $118.3 million and a gain on the sale of South Africa Fiber of $53.6 million. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Property | Total
Property | | Services | | Other | | Total | | Six Months Ended June 30, 2024 | | U.S. & Canada | | Africa & APAC (1) | | Europe | | Latin America | | Data Centers | | | Segment revenues | | $ | 2,626.1 | | | $ | 596.3 | | | $ | 407.7 | | | $ | 894.2 | | | $ | 455.4 | | | $ | 4,979.7 | | | $ | 77.6 | | | | | $ | 5,057.3 | | | Segment operating expenses | | 424.9 | | | 191.8 | | | 146.7 | | | 276.7 | | | 192.2 | | | 1,232.3 | | | 35.9 | | | | | 1,268.2 | | | Segment gross margin | | 2,201.2 | | | 404.5 | | | 261.0 | | | 617.5 | | | 263.2 | | | 3,747.4 | | | 41.7 | | | | | 3,789.1 | | | Segment selling, general, administrative and development expense (2) | | 76.8 | | | 34.7 | | | 31.2 | | | 49.5 | | | 36.1 | | | 228.3 | | | 9.5 | | | | | 237.8 | | | Segment operating profit | | $ | 2,124.4 | | | $ | 369.8 | | | $ | 229.8 | | | $ | 568.0 | | | $ | 227.1 | | | $ | 3,519.1 | | | $ | 32.2 | | | | | $ | 3,551.3 | | | Stock-based compensation expense | | | | | | | | | | | | | | | | $ | 107.1 | | | 107.1 | | | Other selling, general, administrative and development expense | | | | | | | | | | | | | | | | 117.7 | | | 117.7 | | | Depreciation, amortization and accretion | | | | | | | | | | | | | | | | 1,029.4 | | | 1,029.4 | | | Other expense (3) | | | | | | | | | | | | | | | | 528.5 | | | 528.5 | | | Income from continuing operations before income taxes | | | | | | | | | | | | | | | | | | $ | 1,768.6 | | | Total assets (4) | | $ | 26,867.3 | | | $ | 4,223.6 | | | $ | 11,568.2 | | | $ | 8,481.1 | | | $ | 10,479.4 | | | $ | 61,619.6 | | | $ | 73.8 | | | $ | 4,144.4 | | | $ | 65,837.8 | | | Capital expenditures (5) | | $ | 136.8 | | | $ | 144.0 | | | $ | 109.3 | | | $ | 83.1 | | | $ | 205.8 | | | $ | 679.0 | | | $ | — | | | $ | 51.1 | | | $ | 730.1 | |
_______________ (1)Excludes the operating results of ATC TIPL, which are reported as discontinued operations. See note 16 for further discussion. (2)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $107.1 million. (3)Primarily includes interest expense, partially offset by gains from foreign currency exchange rate fluctuations and an unrealized gain from equity securities of $26.0 million. (4)Other total assets includes $3.5 billion of total assets of discontinued operations. (5)Other capital expenditures includes capital expenditures associated with discontinued operations.
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