Equinix, Inc. (EQIX) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4226111,4417522,2421,140632
Cash and cash equivalents1,4026061,4137482,229611262
Short-term investments20528313529370
Restricted cash and investments   154793 
Receivables747630576396292265185
Prepaid expense     3027
Derivative instruments and hedges, assets     184
Disposal group, including discontinued operation379      
Other current assets3052752323042138872
Other undisclosed current assets    33(53)(31)
Total current assets:2,8531,5162,2491,4683,2591,491889
Noncurrent Assets
Operating lease, right-of-use asset1,483
Property, plant and equipment11,22911,0269,3957,1995,6064,9984,592
Long-term investments and receivables  91050398
Long-term investments  91050398
Intangible assets, net (including goodwill)6,7777,1706,7973,7051,2881,1501,226
Goodwill4,6494,8364,4122,9861,0631,0021,042
Intangible assets, net (excluding goodwill)2,1282,3332,385719225148184
Prepaid expense     3761
Derivative instruments and hedges     54
Deposits noncurrent assets     2626
Restricted cash and investments    101416
Deferred costs     4442
Other noncurrent assets500533242226188178387
Other undisclosed noncurrent assets     (127)(149)
Total noncurrent assets:19,98918,72916,44211,1417,0976,3266,604
TOTAL ASSETS:22,84220,24518,69112,60810,3577,8177,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:755757719582401286263
Accounts payable 9710260503030
Accrued liabilities 96835850154 
Employee-related liabilities 23621517313111592
Taxes payable 119130134374132
Interest and dividends payable 1351121086734 
Other undisclosed accounts payable and accrued liabilities75575784966(89)109
Deferred revenue77
Debt5744521431699568171
Derivative instruments and hedges, liabilities     17
Asset retirement obligation     11
Disposal group, including discontinued operation52      
Deferred revenue and credits   109
Deferred tax liabilities    8372
Customer advances and deposits   13
Contract with customer, liability73
Other liabilities120127160133192163148
Other undisclosed current liabilities2591062201451076(24)
Total current liabilities:1,8361,5151,2431,0291,656644547
Noncurrent Liabilities
Long-term debt and lease obligation11,68610,8819,9376,5915,5654,5994,088
Long-term debt, excluding current maturities9,0519,4398,3175,1804,2773,4313,174
Finance lease, liability1,301
Capital lease obligations1,4411,6201,4111,2871,168914
Operating lease, liability1,334
Liabilities, other than long-term debt559630662623390521475
Customer advances or deposits   55
Deferred revenue and credits   5340
Accounts payable and accrued liabilities     25 
Accrued income taxes27
Asset retirement obligations     6458
Deferred tax liabilities, net    6970
Other liabilities559630662623390305275
Other undisclosed noncurrent liabilities     (216)(200)
Total noncurrent liabilities:12,24511,51010,5997,2145,9554,9044,363
Total liabilities:14,08113,02511,8428,2437,6115,5474,909
Temporary equity, carrying amount      124
Stockholders' equity
Stockholders' equity attributable to parent, including:8,7617,2196,8504,3662,7452,2702,459
Common stock0000000
Treasury stock, value(144)(145)(146)(148)(7)(11)(85)
Additional paid in capital12,63510,75110,1217,4144,8383,3342,694
Accumulated other comprehensive loss(1,040)(946)(785)(949)(509)(332)(114)
Retained earnings (accumulated deficit)1,26689025319(108)(296)(36)
Other undisclosed stockholders' equity attributable to parent(3,956)(3,331)(2,593)(1,970)(1,468)(424) 
Stockholders' equity attributable to noncontrolling interest(0)      
Total stockholders' equity:8,7617,2196,8504,3662,7452,2702,459
TOTAL LIABILITIES AND EQUITY:22,84220,24518,69112,60810,3577,8177,492

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,4555,0724,3683,6122,7262,4442,153
Cost of revenue(2,755)(2,605)(2,193)(1,821)(1,292)(1,198)(1,064)
Gross profit:2,7002,4662,1751,7911,4341,2461,088
Operating expenses(1,572)(1,489)(1,366)(1,172)(867)(774)(663)
Other undisclosed operating income     3736
Operating income:1,127977809619567509461
Nonoperating income (expense)1402922(54)(57)39
Investment income, nonoperating12014133433
Other nonoperating income (expense)20149(58)(61)05
Interest and debt expense(504)(573)(544)(404)(299)(428)(357)
Income from continuing operations before equity method investments, income taxes:76343328716021185112
Other undisclosed loss from continuing operations before income taxes(97)      
Income from continuing operations before income taxes:66643328716021185112
Income tax expense(174)(68)(54)(45)(23)(345)(16)
Income (loss) from continuing operations:492365233114188(261)96
Income from discontinued operations   10   
Income (loss) before gain (loss) on sale of properties:492365233124188(261)96
Other undisclosed net income   2   
Net income (loss):492365233127188(261)96
Net income (loss) attributable to noncontrolling interest0    1(1)
Net income (loss) available to common stockholders, diluted:492365233127188(260)95

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):492365233127188(261)96
Other comprehensive income (loss)(118)(158)164(440)(177)(198)(20)
Comprehensive income (loss):374207397(313)11(458)76
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0    (2)(8)
Other undisclosed comprehensive income, net of tax, attributable to parent     114
Comprehensive income (loss), net of tax, attributable to parent:374207397(313)11(459)82

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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