CW 2020 Annual Report

and efficiency initiatives, and other items. Adjusted EBITDA also excludes the effects of financings, income tax and the non-cash accounting effects of depreciation and intangible asset amortization. As segment assets are not reported to or used by the CODM to measure business performance or allocate resources, total segment assets and capital expenditures are not presented below. Summarized financial information by segment is as follows (in millions):

Year Ended December 31,

% Change

2020

2019

2018

2020 v 2019 2019 v 2018

Total Revenues Americas

$

5,707.1 $

6,172.1 $

5,724.7

(8)% (7)%

8 % 4 % 3 % 6 %

EMEA APAC

966.9

1,038.2 1,540.7

999.8

1,169.7

1,495.4 8,219.9

(24)% (10)%

$

7,843.7 $

8,751.0 $

Total Revenues

Adjusted EBITDA Americas

$

326.5 $

499.8 $

450.3 107.9 100.9

(35)% (23)% (19)%

11 % (7)% 23 %

EMEA APAC

77.5

100.4 124.2

100.3

Adjusted EBITDA is calculated as follows (in millions):

Year Ended December 31,

2020

2019

2018

Adjusted EBITDA - Americas Adjusted EBITDA - EMEA Adjusted EBITDA - APAC Add/(less): Depreciation and amortization

$

326.5 $

499.8 $

450.3 107.9 100.9

77.5

100.4 124.2

100.3

(263.6) (163.8)

(296.7) (150.6)

(290.0) (228.8)

Interest expense, net of interest income

Provision for income taxes

(43.9) (64.0) (19.2)

(42.6)

25.0

Integration and other costs related to merger

(112.5)

(192.2)

Pre-IPO stock-based compensation

(43.9)

(63.4) (33.0) (52.5) (10.0)

Cassidy Turley deferred payment obligation Acquisition related costs and efficiency initiatives

—

—

(154.1)

(56.1) (21.8)

Other

(16.2)

$

(220.5) $

0.2 $

(185.8)

Net income (loss)

Geographic Information Revenue in the table below is allocated based upon the country in which services are performed (in millions):

Year Ended December 31,

2020

2019

2018

United States

$

5,423.9 $

5,861.5 $

5,403.6

Australia

456.4 323.3

556.6 396.2

589.5 425.9

United Kingdom All other countries

1,640.1

1,936.7

1,800.9 8,219.9

$

7,843.7 $

8,751.0 $

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