Equinix, Inc. (EQIX) financial statements (2021 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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6091,8806111,4417522,2421,140
Cash and cash equivalents1,6051,8706061,4137482,229611
Short-term investments510528313529
Restricted cash and investments    154793
Receivables677689630576396292265
Prepaid expense      30
Derivative instruments and hedges, assets      18
Other current assets32330427523230421388
Other undisclosed current assets     33(53)
Total current assets:2,6092,8731,5162,2491,4683,2591,491
Noncurrent Assets
Operating lease, right-of-use asset1,4751,475✕✕✕✕✕
Property, plant and equipment14,50312,15311,0269,3957,1995,6064,998
Long-term investments and receivables   91050
Long-term investments   91050
Intangible assets, net (including goodwill)7,6436,8847,1706,7973,7051,2881,150
Goodwill5,4734,7824,8364,4122,9861,0631,002
Intangible assets, net (excluding goodwill)2,1712,1022,3332,385719225148
Prepaid expense      37
Derivative instruments and hedges      5
Deposits noncurrent assets      26
Restricted cash and investments     1014
Deferred costs      44
Other noncurrent assets776581533242226188178
Other undisclosed noncurrent assets      (127)
Total noncurrent assets:24,39821,09318,72916,44211,1417,0976,326
TOTAL ASSETS:27,00723,96620,24518,69112,60810,3577,817
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:845761757719582401286
Accounts payable785297102605030
Accrued liabilities7712896835850154
Employee-related liabilities317241236215173131115
Taxes payable1541351191301343741
Interest and dividends payable901121351121086734
Other undisclosed accounts payable and accrued liabilities1299275784966(89)
Debt37094245214316995681
Derivative instruments and hedges, liabilities      1
Asset retirement obligation      1
Deferred revenue and credits✕✕✕   10
Deferred tax liabilities✕✕    83
Customer advances and deposits✕✕✕   13
Contract with customer, liability✕✕73✕✕✕✕
Other liabilities354154127160133192163
Other undisclosed current liabilities4553021062201451076
Total current liabilities:2,0252,1581,5151,2431,0291,656644
Noncurrent Liabilities
Long-term debt and lease obligation13,39912,34610,8819,9376,5915,5654,599
Long-term debt, excluding current maturities10,3069,5999,4398,3175,1804,2773,431
Finance lease, liability1,7851,431✕✕✕✕✕
Capital lease obligations✕✕1,4411,6201,4111,2871,168
Operating lease, liability1,3091,316✕✕✕✕✕
Liabilities, other than long-term debt949622630662623390521
Customer advances or deposits✕✕✕   5
Deferred revenue and credits✕✕✕   53
Accounts payable and accrued liabilities      25
Asset retirement obligations      64
Deferred tax liabilities, net✕✕    69
Other liabilities949622630662623390305
Other undisclosed noncurrent liabilities      (216)
Total noncurrent liabilities:14,34812,96711,51010,5997,2145,9554,904
Total liabilities:16,37315,12513,02511,8428,2437,6115,547
Stockholders' equity
Stockholders' equity attributable to parent, including:10,6348,8417,2196,8504,3662,7452,270
Common stock0000000
Treasury stock, value(122)(144)(145)(146)(148)(7)(11)
Additional paid in capital15,02812,69610,75110,1217,4144,8383,334
Accumulated other comprehensive loss(913)(935)(946)(785)(949)(509)(332)
Retained earnings (accumulated deficit)1,7601,39189025319(108)(296)
Other undisclosed stockholders' equity attributable to parent(5,119)(4,168)(3,331)(2,593)(1,970)(1,468)(424)
Stockholders' equity attributable to noncontrolling interest0(0)     
Total stockholders' equity:10,6348,8407,2196,8504,3662,7452,270
TOTAL LIABILITIES AND EQUITY:27,00723,96620,24518,69112,60810,3577,817

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,9995,5625,0724,3683,6122,7262,444
Cost of revenue(3,074)(2,810)(2,605)(2,193)(1,821)(1,292)(1,198)
Gross profit:2,9242,7522,4662,1751,7911,4341,246
Operating expenses(1,871)(1,582)(1,489)(1,366)(1,172)(867)(774)
Other undisclosed operating income      37
Operating income:1,0531,170977809619567509
Nonoperating income (expense)16552922(54)(57)3
Investment income, nonoperating9281413343
Other nonoperating income (expense)728149(58)(61)0
Interest and debt expense(552)(533)(573)(544)(404)(299)(428)
Income from continuing operations before income taxes:51669343328716021185
Income tax expense(146)(185)(68)(54)(45)(23)(345)
Income (loss) from continuing operations:370507365233114188(261)
Income from discontinued operations    10  
Income (loss) before gain (loss) on sale of properties:370507365233124188(261)
Other undisclosed net income    2  
Net income (loss):370507365233127188(261)
Net income (loss) attributable to noncontrolling interest(0)0    1
Net income (loss) available to common stockholders, diluted:370507365233127188(260)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):370507365233127188(261)
Other comprehensive income (loss)2111(158)164(440)(177)(198)
Comprehensive income (loss):391518207397(313)11(458)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0    (2)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:391519207397(313)11(459)

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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