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

12/31/2019
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 investments1,8806111,4417522,2421,140632
Cash and cash equivalents1,8706061,4137482,229611262
Short-term investments10528313529370
Restricted cash and investments   154793 
Receivables689630576396292265185
Prepaid expense     3027
Derivative instruments and hedges, assets     184
Other current assets3042752323042138872
Other undisclosed current assets    33(53)(31)
Total current assets:2,8731,5162,2491,4683,2591,491889
Noncurrent Assets
Operating lease, right-of-use asset1,475✕✕✕✕✕✕
Property, plant and equipment12,15311,0269,3957,1995,6064,9984,592
Long-term investments and receivables  91050398
Long-term investments  91050398
Intangible assets, net (including goodwill)6,8847,1706,7973,7051,2881,1501,226
Goodwill4,7824,8364,4122,9861,0631,0021,042
Intangible assets, net (excluding goodwill)2,1022,3332,385719225148184
Prepaid expense     3761
Derivative instruments and hedges     54
Deposits noncurrent assets     2626
Restricted cash and investments    101416
Deferred costs     4442
Other noncurrent assets581533242226188178387
Other undisclosed noncurrent assets     (127)(149)
Total noncurrent assets:21,09318,72916,44211,1417,0976,3266,604
TOTAL ASSETS:23,96620,24518,69112,60810,3577,8177,492
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:761757719582401286263
Accounts payable529710260503030
Accrued liabilities12896835850154 
Employee-related liabilities24123621517313111592
Taxes payable135119130134374132
Interest and dividends payable1121351121086734 
Other undisclosed accounts payable and accrued liabilities9275784966(89)109
Debt9424521431699568171
Derivative instruments and hedges, liabilities     17
Asset retirement obligation     11
Deferred revenue and credits✕✕   109
Deferred tax liabilities✕    8372
Customer advances and deposits✕✕   13✕
Contract with customer, liability✕73✕✕✕✕✕
Other liabilities154127160133192163148
Other undisclosed current liabilities3021062201451076(24)
Total current liabilities:2,1581,5151,2431,0291,656644547
Noncurrent Liabilities
Long-term debt and lease obligation12,34610,8819,9376,5915,5654,5994,088
Long-term debt, excluding current maturities9,5999,4398,3175,1804,2773,4313,174
Finance lease, liability1,431✕✕✕✕✕✕
Capital lease obligations✕1,4411,6201,4111,2871,168914
Operating lease, liability1,316✕✕✕✕✕✕
Liabilities, other than long-term debt622630662623390521475
Customer advances or deposits✕✕   55
Deferred revenue and credits✕✕   5340
Accounts payable and accrued liabilities     25 
Accrued income taxes✕✕✕✕✕✕27
Asset retirement obligations     6458
Deferred tax liabilities, net✕    6970
Other liabilities622630662623390305275
Other undisclosed noncurrent liabilities     (216)(200)
Total noncurrent liabilities:12,96711,51010,5997,2145,9554,9044,363
Total liabilities:15,12513,02511,8428,2437,6115,5474,909
Temporary equity, carrying amount      124
Stockholders' equity
Stockholders' equity attributable to parent, including:8,8417,2196,8504,3662,7452,2702,459
Common stock0000000
Treasury stock, value(144)(145)(146)(148)(7)(11)(85)
Additional paid in capital12,69610,75110,1217,4144,8383,3342,694
Accumulated other comprehensive loss(935)(946)(785)(949)(509)(332)(114)
Retained earnings (accumulated deficit)1,39189025319(108)(296)(36)
Other undisclosed stockholders' equity attributable to parent(4,168)(3,331)(2,593)(1,970)(1,468)(424) 
Stockholders' equity attributable to noncontrolling interest(0)      
Total stockholders' equity:8,8407,2196,8504,3662,7452,2702,459
TOTAL LIABILITIES AND EQUITY:23,96620,24518,69112,60810,3577,8177,492

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,5625,0724,3683,6122,7262,4442,153
Cost of revenue(2,810)(2,605)(2,193)(1,821)(1,292)(1,198)(1,064)
Gross profit:2,7522,4662,1751,7911,4341,2461,088
Operating expenses(1,582)(1,489)(1,366)(1,172)(867)(774)(663)
Other undisclosed operating income     3736
Operating income:1,170977809619567509461
Nonoperating income (expense)552922(54)(57)39
Investment income, nonoperating2814133433
Other nonoperating income (expense)28149(58)(61)05
Interest and debt expense(533)(573)(544)(404)(299)(428)(357)
Income from continuing operations before income taxes:69343328716021185112
Income tax expense(185)(68)(54)(45)(23)(345)(16)
Income (loss) from continuing operations:507365233114188(261)96
Income from discontinued operations   10   
Income (loss) before gain (loss) on sale of properties:507365233124188(261)96
Other undisclosed net income   2   
Net income (loss):507365233127188(261)96
Net income (loss) attributable to noncontrolling interest0    1(1)
Net income (loss) available to common stockholders, diluted:507365233127188(260)95

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):507365233127188(261)96
Other comprehensive income (loss)11(158)164(440)(177)(198)(20)
Comprehensive income (loss):518207397(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:519207397(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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