Equinix, Inc.

NasdaqGS-EQIX

OverviewFinancialsInvestor RelationsResearchEstimatesNewsOwnershipIndustryDividendsModelingFilings

Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	1,070	814	969	705	499.7	370.1	507.2	365.4	233	126.8	187.8
Net Income
Depreciation & Amortization	—	2,009	1,845	1,737	1,656.3	1,423.4	1,284.8	1,227.5	1,042.5	837.2	525.6
Depreciation
Amortization of Intangible Assets
Stock Based Compensation	484	462	407	404	363.8	295	236.5	180.7	175.5	155.6	132.4
Stock-Based Compensation
Other Adjustments	—	304	73	92	160.1	189.3	57.4	85.9	84.6	32.8	37.9
Excess Tax Benefits from Stock-Based Compensation
Amortization of Debt Issuance Costs and Debt Discounts
Provision for Credit Loss Allowance
Cumulative Effect of a Change in Accounting Principle
Realized Net Gains on Investments
Restructuring Charges
Gain on Debt Extinguishment
Foreign Currency Transactions and Other, Net
Accretion of Asset Retirement Obligation and Accrued Restructuring Charges
Amortization of Debt Issuance Costs
Impairment Charges
Other Items
Gain on Asset Sales
Gain on Foreign Currency Hedge
Gain on Sale of Discontinued Operations
Changes in Trade Receivables	—	27	-150	-154	-1.9	25.4	-26.9	-52.9	-161.8	-100.2	-44.6
Accounts Receivable
Changes in Accounts Payable	69.5	95	161	114	64.6	25.8	-27.9	35.5	74.5	61.6	109.1
Accounts Payable and Accrued Expenses
Changes in Accrued Expenses	—	—	—	—	—	—	—	—	—	—	—
Accrued Restructuring Charges
Changes in Income Taxes Payable	-86	-9	4	-8	-16.6	-22.6	32.5	-10.7	-34.9	29	-109.6
Income Taxes, Net
Changes in Other Operating Activities	-9	-453	-92	73	-178.9	3.6	-71	-15.9	25.9	-123.4	56.2
Prepaids and Other Assets
Deferred Tax Assets, Net
Other Assets
Operating Lease Right-of-Use Assets
Operating Lease Liabilities
Other Liabilities
Cash from Operating Activities	3,748	3,249	3,217	2,963	2,547.2	2,309.8	1,992.7	1,815.4	1,439.2	1,019.4	894.8
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-4,303	-3,403	-3,165	-2,526	-2,953.3	-2,482.7	-2,248.7	-2,278.6	-1,473.8	-1,141.5	-906.4
Purchase of Los Angeles IBX Properties
Purchase of Ashburn Campus Property
Purchase of Los Angeles IBX Property
Purchase of Chicago IBX Property
Purchase of San Jose IBX Property
Purchases of Other Property and Equipment
Purchase of Real Estate
Purchase of Other Property, Plant and Equipment
Purchases of Real Estate
Real Estate Acquisitions
Purchases of Other Property, Plant and Equipment
Accrued Property, Plant and Equipment
Proceeds from Sale of Property, Plant & Equipment	—	247	77	250	208.6	334.4	358.8	12.2	47.8	851.6	—
Proceeds from Sale of Assets, Net of Cash Transferred
Purchases of Investments	-1,249	-618	-136	-145	-107.5	-127.8	-60.9	-65.2	-57.9	-42.3	-359
Purchases of Equity Investments
Purchases of Short-Term Investments
Proceeds from Sale of Investments	—	11	—	22	4.1	29.4	40.4	85.8	46.4	53.2	873.1
Sales and Maturities of Investments
Maturities of Investments
Payments for Business Acquisitions	—	—	—	-964	-158.5	-1,180.3	-34.1	-829.7	-3,963.3	-1,766.6	-245.5
Purchase of ALOG, Net of Cash Acquired
Business Acquisitions, Net of Cash Acquired
Purchase of Virtu, Net of Cash Acquired
Purchase of OpSource, Net of Cash Acquired
Other Investing Activities	178	-174	—	—	—	—	—	—	—	—	—
Other Investing Activities
Change in Restricted Cash
Release of Restricted Cash
Settlement of Foreign Currency Hedges
Investment in Loan Receivable
Loan Receivable Upfront Fee
Cash from Investing Activities	-4,885	-3,937	-3,224	-3,363	-3,006.7	-3,427	-1,944.6	-3,075.5	-5,400.8	-2,045.7	-637.8
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Revolving Credit Facility
Repayments of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Repayment of Borrowings from Credit Line
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Issuance of Long-Term Debt	3,810	2,768	902	1,871	3,878.7	5,182.4	2,797.9	1,354.5	5,685.6	1,168.3	2,297.1
Proceeds from Mortgage Payable
Proceeds from Los Angeles IBX Financing
Proceeds from Senior Notes, Net of Debt Discounts
Proceeds from Convertible Debt
Proceeds from Mortgage and Loans Payable
Repayments of Long-Term Debt	-150	-1,147	-155	-722	-2,873.2	-5,308.5	-2,406	-551.2	-2,871.3	-1,577.3	-743.9
Repayment of Senior Notes
Repayment of Convertible Debt
Repayment of Finance Lease Liabilities
Repayment of Mortgage and Loans Payable
Net Issuance / (Repayments) of Long-Term Debt	3,660	1,621	747	1,149	1,005.5	-126.1	391.9	803.3	2,814.3	-409	1,553.2
Issuance of Common Shares	119	1,764	821	878	575.5	2,043.5	1,713	438.3	2,523.1	34.2	859.5
Proceeds from Employee Equity Programs
Proceeds from Public Offering of Common Stock, Net of Issuance Costs
Repurchases of Common Shares	—	—	—	—	—	—	—	—	—	—	—
Purchases of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	119	1,764	821	878	575.5	2,043.5	1,713	438.3	2,523.1	34.2	859.5
Common Share Dividends Paid	-1,808	-1,643	-1,375	-1,152	-1,042.9	-947.9	-836.2	-738.6	-621.5	-499.5	-521.5
Payment of Dividends
Other Financing Activities	-9	-19	18	-18	-124.3	-153.9	-66.7	-32	-108.1	-22.8	-18.1
Excess Tax Benefits from Stock-Based Compensation
Purchase of Non-Controlling Interests
Capped Call Costs
Contribution from Non-Controlling Interest
Debt Extinguishment Costs
Debt Issuance Costs
Other Financing Activities
Cash from Financing Activities	525	1,723	211	857	413.8	815.5	1,202.1	470.9	4,607.9	-897.1	1,873.2
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	-555	-154	52	437	-406.1	-172.9	-255.9	-463.2	-34.6	-122.1	-11.6
NOPAT	1,367.9	1,108.7	1,244	1,020.5	909.4	754.8	856.6	824.6	657.1	442.8	504.9
Levered Free Cash Flow	402.5	675	469	1,244	77.7	-808.9	-130.9	126.4	2,681.4	-606.9	1,415.9
Unlevered Free Cash Flow	-2,960.6	-652.3	-3	410.5	-518.5	-297.7	-173.6	-217.6	291.2	105.7	179.8
Net Change in Cash	-612	1,035	204	457	-45.8	-301.6	1,250.2	-789.2	646.3	-1,923.4	2,130.2