Equinix Inc. (EQIX) Financial Statements (2025 and earlier)

Company Profile

Business Address ONE LAGOON DRIVE
REDWOOD CITY, CA 94065
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6082,0961,9061,5361,6091,880
Cash and cash equivalent3,0812,0961,9061,5361,6051,870
Short-term investments527   510
Receivables9491,004855682677689
Disposal group, including discontinued operation   84276  
Other current assets890468459463323304
Total current assets:5,4473,5683,3052,9572,6092,873
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    1,876  
Operating lease, right-of-use asset1,4191,4491,4281,2821,4751,475
Property, plant and equipment19,24918,60116,6504614,50312,153
Intangible assets, net (including goodwill)6,9217,4427,5527,3077,6436,884
Goodwill5,5045,7375,6545,3725,4734,782
Intangible assets, net (excluding goodwill)1,4171,7051,8981,9352,1712,102
Restricted cash and investments    1  
Other noncurrent assets2,0491,5911,376926776581
Other undisclosed noncurrent assets    13,523  
Total noncurrent assets:29,63829,08327,00524,96224,39821,093
TOTAL ASSETS:35,08532,65130,31127,91927,00723,966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1931,1871,005879845761
Interest and dividends payable9490112
Taxes payable117154135
Employee-related liabilities365317241
Accounts payable 133162116847852
Accrued liabilities 8938797579477128
Other undisclosed accounts payable and accrued liabilities16714513212512992
Deferred revenue      
Debt1,3881,145161181370942
Other liabilities232302251215354154
Other undisclosed current liabilities536529421331455302
Total current liabilities:3,3493,1621,8381,6062,0252,158
Noncurrent Liabilities
Long-term debt and lease obligation2,73014,84814,89614,66813,39912,346
Long-term debt, excluding current maturities64412,72612,75211,57110,3069,599
Finance lease, liability2,0862,1222,1441,9901,7851,431
Liabilities, other than long-term debt2,0912,1272,071763949622
Deferred revenue      
Other liabilities760796798763949622
Operating lease, liability1,3311,3311,2731,1071,3091,316
Other undisclosed noncurrent liabilities13,363     
Total noncurrent liabilities:18,18416,97516,96715,43114,34812,967
Total liabilities:21,53320,13718,80517,03716,37315,125
Equity
Equity, attributable to parent, including:13,52812,48911,50610,88210,6348,841
Common stock  00000
Treasury stock, value(39)(56)(72)(112)(122)(144)
Additional paid in capital20,89518,59617,32015,98515,02812,696
Accumulated other comprehensive loss(1,735)(1,290)(1,389)(1,086)(913)(935)
Retained earnings4,7493,9342,9652,2601,7601,391
Other undisclosed equity, attributable to parent(10,342)(8,695)(7,318)(6,165)(5,119)(4,168)
Equity, attributable to noncontrolling interest(1)(0)(0)(0)0(0)
Total equity:13,52712,48811,50610,88210,6348,840
Other undisclosed liabilities and equity2525    
TOTAL LIABILITIES AND EQUITY:35,08532,65130,31127,91927,00723,966

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues8,7488,1887,2636,6365,9995,562
Cost of revenue(4,467)(4,228)(3,752)(3,472)(3,074)(2,810)
Gross profit:4,2813,9603,5123,1632,9242,752
Operating expenses(2,953)(2,517)(2,311)(2,055)(1,871)(1,582)
Operating income:1,3281,4431,2011,1081,0531,170
Nonoperating income (expense)12083(15)(48)1655
Investment income, nonoperating13794363928
Other nonoperating income (expense)(17)(11)(51)(51)728
Interest and debt expense(473)(402)(356)(451)(552)(533)
Income from continuing operations before income taxes:9751,124829609516693
Income tax expense(161)(155)(125)(109)(146)(185)
Income from continuing operations:814969705500370507
Income before gain (loss) on sale of properties:500370507
Net income:814969705500370507
Net income (loss) attributable to noncontrolling interest10(0)0(0)0
Net income available to common stockholders, diluted:815969704500370507

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:814969705500370507
Other comprehensive income (loss)(445)99(304)(172)2111
Comprehensive income:3691,068401327391518
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(0)0(0)0
Comprehensive income, net of tax, attributable to parent:3701,069401328391519

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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