Equinix, Inc. (EQIX) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5361,6091,8806111,4417522,242
Cash and cash equivalents1,5361,6051,8706061,4137482,229
Short-term investments 510528313
Restricted cash and investments     15479
Receivables682677689630576396292
Disposal group, including discontinued operation276      
Other current assets463323304275232304213
Other undisclosed current assets      33
Total current assets:2,9572,6092,8731,5162,2491,4683,259
Noncurrent Assets
Finance lease, right-of-use asset1,876  ✕✕✕✕
Operating lease, right-of-use asset1,2821,4751,475✕✕✕✕
Property, plant and equipment4614,50312,15311,0269,3957,1995,606
Long-term investments and receivables    9105
Long-term investments    9105
Intangible assets, net (including goodwill)7,3077,6436,8847,1706,7973,7051,288
Goodwill5,3725,4734,7824,8364,4122,9861,063
Intangible assets, net (excluding goodwill)1,9352,1712,1022,3332,385719225
Restricted cash and investments1     10
Other noncurrent assets926776581533242226188
Other undisclosed noncurrent assets13,523      
Total noncurrent assets:24,96224,39821,09318,72916,44211,1417,097
TOTAL ASSETS:27,91927,00723,96620,24518,69112,60810,357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:879845761757719582401
Accounts payable847852971026050
Accrued liabilities947712896835850
Employee-related liabilities365317241236215173131
Taxes payable11715413511913013437
Interest and dividends payable949011213511210867
Other undisclosed accounts payable and accrued liabilities1251299275784966
Debt181370942452143169956
Contract with customer, liability✕✕✕73✕✕✕
Other liabilities215354154127160133192
Other undisclosed current liabilities331455302106220145107
Total current liabilities:1,6062,0252,1581,5151,2431,0291,656
Noncurrent Liabilities
Long-term debt and lease obligation14,66813,39912,34610,8819,9376,5915,565
Long-term debt, excluding current maturities11,57110,3069,5999,4398,3175,1804,277
Finance lease, liability1,9901,7851,431✕✕✕✕
Capital lease obligations✕✕✕1,4411,6201,4111,287
Operating lease, liability1,1071,3091,316✕✕✕✕
Liabilities, other than long-term debt763949622630662623390
Other liabilities763949622630662623390
Total noncurrent liabilities:15,43114,34812,96711,51010,5997,2145,955
Total liabilities:17,03716,37315,12513,02511,8428,2437,611
Stockholders' equity
Stockholders' equity attributable to parent, including:10,88210,6348,8417,2196,8504,3662,745
Common stock0000000
Treasury stock, value(112)(122)(144)(145)(146)(148)(7)
Additional paid in capital15,98515,02812,69610,75110,1217,4144,838
Accumulated other comprehensive loss(1,086)(913)(935)(946)(785)(949)(509)
Retained earnings (accumulated deficit)2,2601,7601,39189025319(108)
Other undisclosed stockholders' equity attributable to parent(6,165)(5,119)(4,168)(3,331)(2,593)(1,970)(1,468)
Stockholders' equity attributable to noncontrolling interest(0)0(0)    
Total stockholders' equity:10,88210,6348,8407,2196,8504,3662,745
TOTAL LIABILITIES AND EQUITY:27,91927,00723,96620,24518,69112,60810,357

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,6365,9995,5625,0724,3683,6122,726
Cost of revenue(3,472)(3,074)(2,810)(2,605)(2,193)(1,821)(1,292)
Gross profit:3,1632,9242,7522,4662,1751,7911,434
Operating expenses(2,055)(1,871)(1,582)(1,489)(1,366)(1,172)(867)
Operating income:1,1081,0531,170977809619567
Nonoperating income (expense)(48)16552922(54)(57)
Investment income, nonoperating3928141334
Other nonoperating income (expense)(51)728149(58)(61)
Interest and debt expense(451)(552)(533)(573)(544)(404)(299)
Income from continuing operations before income taxes:609516693433287160211
Income tax expense(109)(146)(185)(68)(54)(45)(23)
Income from continuing operations:500370507365233114188
Income from discontinued operations     10 
Income before gain (loss) on sale of properties:500370507365233124188
Other undisclosed net income     2 
Net income:500370507365233127188
Net income (loss) attributable to noncontrolling interest0(0)0    
Net income available to common stockholders, diluted:500370507365233127188

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:500370507365233127188
Other comprehensive income (loss)(172)2111(158)164(440)(177)
Comprehensive income (loss):327391518207397(313)11
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0    
Comprehensive income (loss), net of tax, attributable to parent:328391519207397(313)11

Statements sources

The financial statements are based on the company's filings with the 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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