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Lineage Inc

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

LINE$39.13-1.0%Stored close · as of Nov 6, 2026
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Contents

Segment information

(23)Segment information

Reportable Segments Information

The Company’s business is organized intotwo reportable segments, Global Warehousing and Global Integrated Solutions. The following table presents segment revenues, segment cost of operations, and segment NOI, with a reconciliation to Net income (loss) before income taxes. All inter-segment transactions are not significant and have been eliminated in consolidation. Asset information by reportable segment is not presented, as the Company does not produce such information internally and the CODM does not use such information to manage the business. Capital expenditures for property, plant, and equipment presented below by segment are inclusive of purchases recorded in Accounts payable and accrued liabilities during each period.

Year Ended December 31,
(in millions)202420232022
Global Warehousing revenues$3,887$3,857$3,432
Global Integrated Solutions revenues1,4531,4851,496
Total net revenues5,3405,3424,928
Global Warehousing operating costs:
Labor1,4171,4021,271
Power208204219
Other warehouse costs728743721
Total Global Warehousing cost of operations2,3532,3492,211
Global Integrated Solutions cost of operations1,2221,2411,262
Total segment cost of operations3,5753,5903,473
Stock-based compensation expense3——
Total cost of operations3,5783,5903,473
Global Warehousing NOI1,5341,5081,221
Global Integrated Solutions NOI231244234
Total segment NOI1,7651,7521,455
Reconciling items:
Stock-based compensation expense in cost of operations(3)——
General and administrative expense(539)(502)(399)
Depreciation expense(659)(552)(480)
Amortization expense(217)(208)(198)
Acquisition, transaction, and other expense(651)(60)(66)
Restructuring, impairment, and gain (loss) on disposals(57)(32)(15)
Equity income (loss), net of tax(6)(3)—
Gain (loss) on foreign currency transactions, net(25)4(24)
Interest expense, net(430)(490)(347)
Gain (loss) on extinguishment of debt(17)—2
Other nonoperating income (expense), net(1)(19)2
Net income (loss) before income taxes$(840)$(110)$(70)
Capital expenditures for property, plant, and equipment:
Global Warehousing capital expenditures$558$536$618
Global Integrated Solutions capital expenditures4078141
Corporate capital expenditures105121110
Total capital expenditures for property, plant, and equipment$703$735$869

Geographic Information

The following table provides geographic information for the Company’s total revenues for the years ended December 31, 2024, 2023, and 2022 and long-lived assets as of December 31, 2024 and 2023. Revenues from external customers are attributed to each country or region based on the location of the facilities in which the revenues originated. The Company’s Goodwill and Other intangible assets, net are excluded from the definition of long-lived assets.

Total Revenues · Long-Lived Assets
20242023202220242023
North America:
United States$3,412$3,424$3,306$9,122$9,014
Canada293277133833863
Total North America3,7053,7013,4399,9559,877
Europe1,1861,2031,0982,1712,200
Asia-Pacific445434387785864
Other foreign444——
Total$5,340$5,342$4,928$12,911$12,941
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.