Equinix Inc. (EQIX) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0961,9061,5361,6091,880611
Cash and cash equivalents2,0961,9061,5361,6051,870606
Short-term investments    5105
Receivables1,004855682677689630
Disposal group, including discontinued operation  84276   
Other current assets468459463323304275
Total current assets:3,5683,3052,9572,6092,8731,516
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   1,876  
Operating lease, right-of-use asset1,4491,4281,2821,4751,475
Property, plant and equipment18,60116,6504614,50312,15311,026
Intangible assets, net (including goodwill)7,4427,5527,3077,6436,8847,170
Goodwill5,7375,6545,3725,4734,7824,836
Intangible assets, net (excluding goodwill)1,7051,8981,9352,1712,1022,333
Restricted cash and investments   1   
Other noncurrent assets1,5911,376926776581533
Other undisclosed noncurrent assets   13,523   
Total noncurrent assets:29,08327,00524,96224,39821,09318,729
TOTAL ASSETS:32,65130,31127,91927,00723,96620,245
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1871,005879845761757
Interest and dividends payable9490112135
Taxes payable117154135119
Employee-related liabilities365317241236
Accounts payable 16211684785297
Accrued liabilities 879757947712896
Other undisclosed accounts payable and accrued liabilities1451321251299275
Deferred revenue     
Debt1,145161181370942452
Other liabilities302251215354154127
Contract with customer, liability73
Other undisclosed current liabilities529421331455302106
Total current liabilities:3,1621,8381,6062,0252,1581,515
Noncurrent Liabilities
Long-term debt and lease obligation14,84814,89614,66813,39912,34610,881
Long-term debt, excluding current maturities12,72612,75211,57110,3069,5999,439
Capital lease obligations1,441
Finance lease, liability2,1222,1441,9901,7851,431
Liabilities, other than long-term debt2,1272,071763949622630
Other liabilities796798763949622630
Operating lease, liability1,3311,2731,1071,3091,316
Total noncurrent liabilities:16,97516,96715,43114,34812,96711,510
Total liabilities:20,13718,80517,03716,37315,12513,025
Equity
Equity, attributable to parent, including:12,48911,50610,88210,6348,8417,219
Common stock 000000
Treasury stock, value(56)(72)(112)(122)(144)(145)
Additional paid in capital18,59617,32015,98515,02812,69610,751
Accumulated other comprehensive loss(1,290)(1,389)(1,086)(913)(935)(946)
Retained earnings3,9342,9652,2601,7601,391890
Other undisclosed equity, attributable to parent (8,695)(7,318)(6,165)(5,119)(4,168)(3,331)
Equity, attributable to noncontrolling interest (0)(0)(0)0(0) 
Other undisclosed equity      
Total equity:12,48811,50610,88210,6348,8407,219
Other undisclosed liabilities and equity25     
TOTAL LIABILITIES AND EQUITY:32,65130,31127,91927,00723,96620,245

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8,1887,2636,6365,9995,5625,072
Cost of revenue(4,228)(3,752)(3,472)(3,074)(2,810)(2,605)
Gross profit:3,9603,5123,1632,9242,7522,466
Operating expenses(2,517)(2,311)(2,055)(1,871)(1,582)(1,489)
Operating income:1,4431,2011,1081,0531,170977
Nonoperating income (expense)83(15)(48)165529
Investment income, nonoperating9436392814
Other nonoperating income (expense)(11)(51)(51)72814
Interest and debt expense(402)(356)(451)(552)(533)(573)
Income from continuing operations before income taxes:1,124829609516693433
Income tax expense(155)(125)(109)(146)(185)(68)
Income from continuing operations:969705500370507365
Income before gain (loss) on sale of properties:500370507365
Net income:969705500370507365
Net income (loss) attributable to noncontrolling interest0(0)0(0)0 
Net income available to common stockholders, diluted:969704500370507365

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:969705500370507365
Other comprehensive income (loss)99(304)(172)2111(158)
Comprehensive income:1,068401327391518207
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0(0)0 
Comprehensive income, net of tax, attributable to parent:1,069401328391519207

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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