EQUINIX INC

10-K & 10-Q Filings

Equinix, Inc. is a global digital infrastructure company that powers the digital businesses of leading organizations by providing a secure, agile, and interconnected platform. The company was founded in 1998 and operates as a REIT for federal income tax purposes. Equinix's business proposition is to be the platform where the world comes together, enabling the innovations that enrich work, life, and planet. The company offers a comprehensive suite of data center and digital solutions and products, including IBX Data Centers, xScale Data Centers, colocation offerings, interconnection offerings, and digital offerings. These solutions provide secure, reliable, and robust environments for businesses to aggregate and distribute information and connect digital and business ecosystems globally. Equinix's customers include telecommunications carriers, mobile and other network services providers, cloud and IT services providers, digital media and content providers, financial services companies, and global enterprise ecosystems. The company has over 10,000 customers worldwide and operates in over 30 countries. Equinix's website is www.equinix.com, and its ticker symbol is EQIX.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1606.84
1895.74
2152.77
2443.78
2725.87
3611.99
4368.43
5071.65
5562.14
5998.55
6635.54
7263.10
8188.14
14.53%12.74%Cost of Revenue (-)
$867.64
944.00
1064.40
1197.88
1291.51
1820.87
2193.15
2605.47
2810.18
3074.34
3472.42
3751.50
4227.66
14.11%12.69%Gross Profit (+)
$739.20
951.75
1088.36
1245.89
1434.36
1791.12
2175.28
2466.18
2751.96
2924.20
3163.12
3511.60
3960.48
15.01%12.78%Selling, General & Administrative (-)
$425.02
532.31
621.41
734.12
825.30
1133.30
1327.63
1460.40
1586.06
1809.34
2043.03
2285.26
2509.84
15.95%9.83%Non-recurring Operating Expenses (-)
$7.01
18.68
6.02
2.51
41.72
71.89
38.63
34.41
40.57
63.24
22.77
21.84
12.41
4.87%-43.17%Operating Expenses (-)
$432.04
551.00
627.43
736.63
867.02
1172.38
1366.26
1488.80
1582.33
1871.28
2054.95
2311.08
2517.20
15.82%8.92%Costs & Expenses (Total) (-)
$1299.68
1494.99
1691.83
1934.51
2158.53
2993.25
3559.41
4094.27
4392.51
4945.62
5527.38
6062.58
6744.86
14.71%11.25%Operating Income/Loss (+)
$307.16
400.75
460.93
509.27
567.34
618.74
809.01
977.38
1169.63
1052.93
1108.16
1200.53
1443.27
13.76%20.22%Non-operating Income/Expense (+)
$5.10
1.26
-99.86
-153.98
-57.29
-66.72
-43.48
-22.87
2.65
-130.24
-163.13
-14.82
82.98
26.17%659.83%Interest Expense (-)
$181.30
200.33
248.79
270.55
299.06
392.16
478.70
521.49
479.68
406.47
336.08
356.34
402.02
6.86%12.82%Earnings before Tax (+)
$130.96
196.48
112.28
84.73
211.00
159.86
286.83
433.04
692.60
516.23
608.95
829.37
1124.23
19.62%35.55%Tax Expense (-)
$38.35
61.78
16.16
345.46
23.22
45.45
53.85
67.68
185.35
146.15
109.22
124.79
155.25
12.36%24.41%Income/Loss (Continuing Operations) (+)
$92.61
134.70
96.12
-260.73
187.77
114.41
232.98
365.36
507.25
370.07
499.73
704.58
968.98
21.61%37.53%Income/Loss (Discontinued Operations) (+)
$
13.09
12.39
Profit/Loss (+)
$92.61
147.78
96.12
-260.73
126.80
507.25
370.07
499.73
704.58
968.98
21.61%37.53%Net Income/Loss (NCI) (-)
$1.39
3.12
1.44
-1.18
-0.20
0.30
-0.46
0.23
-0.20
-185.34%Net Income/Loss (+)
$94.00
144.67
94.69
-259.55
187.77
126.80
232.98
365.36
507.45
369.78
500.19
704.35
969.18
21.46%37.60%Net Income/Loss (Common) (+)
$94.00
144.67
94.69
-259.55
187.77
126.80
232.98
365.36
507.45
369.78
500.19
704.35
969.18
21.46%37.60%EPS (Basic)
$1.76
3.01
1.92
-4.96
3.25
1.81
3.03
4.58
6.03
4.22
5.57
7.69
10.35
15.91%34.59%EPS (Diluted)
$1.72
2.92
1.89
-4.96
3.21
1.79
3.00
4.56
5.99
4.18
5.53
7.67
10.31
16.09%34.42%Weighted Avg Shares (Basic)
46.96
48.00
49.44
52.36
57.79
70.12
76.85
79.78
84.14
87.70
89.77
91.57
93.61
5.92%2.23%Weighted Avg Shares (Diluted)
47.90
51.82
50.12
52.36
58.48
70.82
77.53
80.20
84.68
88.41
90.41
91.83
94.01
5.78%2.38%Cash
$278.82
252.21
261.89
610.92
2708.26
763.54
1412.52
606.17
1869.58
1604.87
1536.36
1906.42
2095.71
18.30%9.93%Short-term Investments
$635.72
166.49
369.81
529.39
12.88
3.41
28.27
4.54
10.36
4.53
Receivables
$139.06
163.84
184.84
262.57
291.96
396.25
576.31
630.12
689.13
676.74
681.81
855.38
1003.79
17.91%17.35%Securities & Long-term Investments
$161.80
127.82
398.39
0.44
14.76
10.04
9.24
Property, Plant & Equipment (Net)
$3225.91
3919.00
4591.65
4998.27
5606.44
7199.21
9394.60
11026.02
13627.96
15978.14
16728.19
18077.48
20049.72
16.45%10.91%Goodwill & Intangibles
$1015.13
1244.13
1226.34
1149.66
1287.77
3705.30
6796.73
7169.68
6884.25
7643.50
7307.34
7551.87
7441.99
18.06%-1.45%Other Assets
$328.88
259.48
459.44
266.19
434.64
530.63
473.78
808.11
884.33
1099.06
1665.00
1919.59
2059.51
16.52%7.29%Assets (Total)
$5785.32
6132.96
7492.36
7817.43
10356.69
12608.37
18691.46
20244.64
23965.62
27006.84
27918.70
30310.74
32650.72
15.51%7.72%Accounts Payable
$229.04
268.85
263.22
285.80
400.95
581.74
719.26
756.69
760.72
844.86
879.14
1004.80
1186.62
14.69%18.09%Debt (Current)
$333.75
67.37
70.72
80.83
956.48
168.97
143.20
451.97
941.67
370.16
180.93
161.27
1144.94
10.82%609.97%Debt (Non-current)
$2363.56
2943.38
4087.93
4598.58
5564.54
6590.60
9937.22
10880.52
12345.65
12090.35
13560.39
14895.94
14848.09
16.55%-0.32%Other Liabilities
$906.75
518.09
611.42
582.10
689.34
901.23
1041.99
936.17
1077.20
3067.36
2416.47
2742.91
2957.57
10.35%7.83%Liabilities (Total)
$3833.11
3797.69
5033.30
5547.30
7611.31
8242.54
11841.67
13025.36
15125.23
16372.72
17036.93
18804.91
20137.22
14.83%7.08%Treasury Stock
$86.67
36.68
84.66
11.41
7.37
147.56
146.32
145.16
144.26
122.12
112.21
71.97
56.12
-3.56%-22.02%Retained Earnings
$-255.09
-110.43
-36.44
-295.99
-108.22
18.58
252.69
889.95
1391.42
1760.30
2260.49
2964.84
3934.02
32.69%AOCI
$-143.70
-101.04
-113.77
-332.44
-509.06
-949.14
-785.19
-945.70
-934.61
-913.37
-1085.75
-1389.45
-1290.12
7.15%Shareholder's Equity
$1952.21
2335.27
2459.06
2270.13
2745.39
4365.83
6849.79
7219.28
8840.38
10634.12
10881.76
11505.83
12488.50
16.73%8.54%Liabilities & Equity
$5785.32
6132.96
7492.36
7817.43
10356.69
12608.37
18691.46
20244.64
23965.62
27006.84
27918.70
30310.74
32650.72
15.51%7.72%Net Income/Loss
$92.61
147.78
96.12
-260.73
187.77
126.80
232.98
365.36
507.25
370.07
499.73
704.58
968.98
21.61%37.53%Depreciation & Amortization
$379.85
421.66
456.34
500.36
541.63
856.34
1066.93
1241.11
1297.88
1439.11
1673.42
1754.03
1863.86
14.17%6.26%Increase/Decrease in Working Capital
$-31.44
-42.68
144.49
-167.39
-11.16
133.03
96.33
44.02
93.32
-32.17
132.73
-26.47
75.32
384.51%Share-based Compensation
$71.53
84.16
102.94
117.99
132.44
155.57
175.50
180.72
236.54
294.95
363.77
403.98
407.54
15.60%0.88%Adjustments to Reconcile Net Income
$495.00
484.24
508.49
950.15
707.02
889.78
1206.25
1450.09
1485.48
1939.75
2047.48
2258.61
2247.61
13.44%-0.49%Net Cash (Operating)
$587.61
632.03
604.61
689.42
894.79
1016.58
1439.23
1815.43
1992.73
2309.83
2547.21
2963.18
3216.59
15.22%8.55%Capital Expenditure
$755.69
1022.19
696.07
676.99
1151.95
2056.81
5389.32
3096.13
1924.04
3328.56
2903.26
3240.38
3088.48
12.45%-4.69%Net Cash (Investing)
$-1499.44
-442.87
-1169.31
-435.84
-1134.93
-1592.15
-5400.83
-3075.53
-1944.57
-3426.97
-3006.74
-3362.95
-3224.36
4.12%Increase/Decrease in Debt
$834.91
-328.90
685.40
807.81
1553.17
-409.02
2814.31
803.25
391.90
703.37
1005.46
1148.39
747.05
-0.92%-34.95%Increase/Decrease in Equity
$-63.43
33.55
-39.96
-293.93
841.44
22.80
2442.07
426.09
1689.65
2001.26
550.40
859.83
813.57
-5.38%Interest Expenses
$129.13
185.32
210.63
262.02
237.41
350.08
444.79
496.80
553.82
498.41
426.44
430.22
471.46
11.40%9.59%Dividends Paid
$
83.27
521.46
499.46
621.50
738.60
836.16
947.93
1042.91
1151.46
1374.17
19.34%Net Cash (Financing)
$748.73
-222.72
574.91
107.40
1873.18
-894.29
4607.86
470.91
1202.08
815.53
413.76
856.77
211.45
-10.00%-75.32%Cash Taxes Paid
$9.16
9.40
231.88
-109.58
241.88
10.30
107.58
104.05
104.09
166.57
151.01
148.14
148.88
26.16%0.50%Effect of Exchange Rate
$-0.91
6.96
-0.52
-11.96
-15.13
-10.49
31.19
-33.91
8.77
40.70
-30.47
-98.20
-15.62
84.10%Increase/Decrease in Cash
$-164.02
-26.61
9.68
349.02
1617.92
-1480.36
677.45
-823.10
1259.01
-260.92
-76.24
358.79
188.06
-47.59%Cash (Beginning)
$442.84
278.82
252.21
261.89
610.92
2228.84
773.25
1450.70
627.60
1886.61
1625.69
1549.45
1908.25
12.94%23.16%Cash (Ending)
$278.82
252.21
261.89
610.92
2228.84
748.48
1450.70
627.60
1886.61
1625.69
1549.45
1908.25
2096.31
18.31%9.86%NOPAT
$307.16
400.75
460.93
509.27
567.34
618.74
809.01
977.38
1169.63
1052.93
1108.16
1200.53
1443.27
13.76%20.22%Gross Margin %
46.00%
50.20%
50.56%
50.98%
52.62%
49.59%
49.80%
48.63%
49.48%
48.75%
47.67%
48.35%
48.37%
Operating Margin %
19.12%
21.14%
21.41%
20.84%
20.81%
17.13%
18.52%
19.27%
21.03%
17.55%
16.70%
16.53%
17.63%
NOPAT Margin %
19.12%
21.14%
21.41%
20.84%
20.81%
17.13%
18.52%
19.27%
21.03%
17.55%
16.70%
16.53%
17.63%
Net Margin %
5.85%
7.63%
4.40%
-10.62%
6.89%
3.51%
5.33%
7.20%
9.12%
6.16%
7.54%
9.70%
11.84%
ROA
5.31%
6.53%
6.15%
6.51%
5.48%
4.91%
4.33%
4.83%
4.88%
3.90%
3.97%
3.96%
4.42%
ROE
15.73%
17.16%
18.74%
22.43%
20.67%
14.17%
11.81%
13.54%
13.23%
9.90%
10.18%
10.43%
11.56%
Equity Multiplier
2.96
2.63
3.05
3.44
3.77
2.89
2.73
2.80
2.71
2.54
2.57
2.63
2.61
Debt/Equity Ratio
1.38
1.29
1.69
2.06
2.38
1.55
1.47
1.57
1.50
1.17
1.26
1.31
1.28
Dividend Payout Ratio %
16.35%
91.91%
80.72%
76.82%
75.57%
71.49%
90.03%
94.11%
95.91%
95.21%
Total Payout
$-642.35
480.67
-434.81
-168.59
-1635.74
1235.77
-4190.09
6.05
-691.58
-1258.28
-86.51
-426.55
285.01
166.82%Payout Ratio %
-209.12%
119.94%
-94.33%
-33.11%
-288.32%
199.72%
-517.93%
0.62%
-59.13%
-119.50%
-7.81%
-35.53%
19.75%