2022 Q1 Form 10-Q Financial Statement

#000162828022011503 Filed on April 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.734B $1.596B
YoY Change 8.67% 10.49%
Cost Of Revenue $915.9M $811.2M
YoY Change 12.9% 10.18%
Gross Profit $818.6M $784.8M
YoY Change 4.3% 10.81%
Gross Profit Margin 47.19% 49.17%
Selling, General & Admin $545.2M $484.3M
YoY Change 12.58% 9.55%
% of Gross Profit 66.6% 61.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $435.3M $395.0M
YoY Change 10.21% 17.61%
% of Gross Profit 53.18% 50.33%
Operating Expenses $545.2M $484.3M
YoY Change 12.58% 9.55%
Operating Profit $267.3M $297.7M
YoY Change -10.19% 17.43%
Interest Expense $79.97M $89.68M
YoY Change -10.83% -16.45%
% of Operating Profit 29.91% 30.13%
Other Income/Expense, Net -$9.549M -$6.950M
YoY Change 37.4% -234.43%
Pretax Income $180.4M $188.7M
YoY Change -4.38% 26.52%
Income Tax $32.74M $32.63M
% Of Pretax Income 18.15% 17.29%
Net Earnings $147.5M $156.4M
YoY Change -5.7% 31.63%
Net Earnings / Revenue 8.5% 9.8%
Basic Earnings Per Share $1.62 $1.75
Diluted Earnings Per Share $1.62 $1.74
COMMON SHARES
Basic Shares Outstanding 90.77M shares 89.33M shares
Diluted Shares Outstanding 91.16M shares 89.84M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.695B $1.757B
YoY Change -3.51% 46.78%
Cash & Equivalents $1.695B $1.753B
Short-Term Investments $4.000M
Other Short-Term Assets $471.9M $407.9M
YoY Change 15.7% -6.41%
Inventory
Prepaid Expenses
Receivables $780.4M $684.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.063B $2.850B
YoY Change 7.48% 22.83%
LONG-TERM ASSETS
Property, Plant & Equipment $15.51B $14.77B
YoY Change 5.04% 21.28%
Goodwill $5.316B $5.388B
YoY Change -1.33% 9.34%
Intangibles
YoY Change
Long-Term Investments $277.3M $172.4M
YoY Change 60.86% 137.13%
Other Assets $1.020B $812.9M
YoY Change 25.42% 26.46%
Total Long-Term Assets $24.96B $24.47B
YoY Change 2.02% 15.03%
TOTAL ASSETS
Total Short-Term Assets $3.063B $2.850B
Total Long-Term Assets $24.96B $24.47B
Total Assets $28.02B $27.32B
YoY Change 2.59% 15.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $811.2M $742.0M
YoY Change 9.32% 3.34%
Accrued Expenses $382.8M $499.0M
YoY Change -23.28% 8.95%
Deferred Revenue $115.1M $105.3M
YoY Change 9.28% 38.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $180.4M $379.0M
YoY Change -52.4% -18.32%
Total Short-Term Liabilities $1.607B $1.834B
YoY Change -12.36% -0.27%
LONG-TERM LIABILITIES
Long-Term Debt $13.67B $12.83B
YoY Change 6.59% 14.39%
Other Long-Term Liabilities $740.7M $827.2M
YoY Change -10.45% 36.04%
Total Long-Term Liabilities $740.7M $827.2M
YoY Change -10.45% 36.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.607B $1.834B
Total Long-Term Liabilities $740.7M $827.2M
Total Liabilities $17.08B $16.74B
YoY Change 2.03% 12.19%
SHAREHOLDERS EQUITY
Retained Earnings $2.408B $1.917B
YoY Change 25.63% 26.99%
Common Stock $16.15B $15.17B
YoY Change 6.46% 17.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $107.9M $117.8M
YoY Change -8.35% -7.47%
Treasury Stock Shares 290.0K shares 316.4K shares
Shareholders Equity $10.94B $10.58B
YoY Change
Total Liabilities & Shareholders Equity $28.02B $27.32B
YoY Change 2.59% 15.8%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $147.5M $156.4M
YoY Change -5.7% 31.63%
Depreciation, Depletion And Amortization $435.3M $395.0M
YoY Change 10.21% 17.61%
Cash From Operating Activities $581.1M $391.2M
YoY Change 48.56% -24.32%
INVESTING ACTIVITIES
Capital Expenditures -$412.5M -$563.6M
YoY Change -26.81% 40.58%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $153.8M -$72.10M
YoY Change -313.26% -86.98%
Cash From Investing Activities -$258.8M -$635.7M
YoY Change -59.29% -33.4%
FINANCING ACTIVITIES
Cash Dividend Paid $289.7M $263.0M
YoY Change 10.12% 12.66%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$168.9M $412.7M
YoY Change -140.93% -274.04%
NET CHANGE
Cash From Operating Activities $581.1M $391.2M
Cash From Investing Activities -$258.8M -$635.7M
Cash From Financing Activities -$168.9M $412.7M
Net Change In Cash $158.0M $146.1M
YoY Change 8.17% -120.87%
FREE CASH FLOW
Cash From Operating Activities $581.1M $391.2M
Capital Expenditures -$412.5M -$563.6M
Free Cash Flow $993.6M $954.8M
YoY Change 4.07% 4.03%

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ProfitLoss
147693000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
156074000 USD
CY2022Q1 us-gaap Depreciation
Depreciation
385771000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
341622000 USD
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
89952000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
78350000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49569000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
53395000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4204000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3940000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3406000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2740000 USD
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1818000 USD
CY2021Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1720000 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
529000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-13058000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3690000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7743000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
100727000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17620000 USD
CY2022Q1 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
13881000 USD
CY2021Q1 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-10274000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6115000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
73255000 USD
CY2022Q1 eqix Increase Decreasein Operating Lease Right Of Use Assets
IncreaseDecreaseinOperatingLeaseRightOfUseAssets
-35400000 USD
CY2021Q1 eqix Increase Decreasein Operating Lease Right Of Use Assets
IncreaseDecreaseinOperatingLeaseRightOfUseAssets
-40924000 USD
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-31740000 USD
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-36563000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-75980000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-76362000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
48600000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-94334000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
581123000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
391158000 USD
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
38558000 USD
CY2021Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
22406000 USD
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 USD
CY2021Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
4057000 USD
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
3074000 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
53737000 USD
CY2022Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
412518000 USD
CY2021Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
563598000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
195391000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-258759000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-635684000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
43876000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
40034000 USD
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
289669000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
263039000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1290752000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
676850000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
40773000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
32584000 USD
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
551833000 USD
CY2021Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
20186000 USD
CY2022Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2021Q1 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
590650000 USD
CY2022Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2021Q1 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
8521000 USD
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7366000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3152000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-168915000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
412654000 USD
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4593000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-22019000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
158042000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
146109000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1549454000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1625695000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1707496000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1771804000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1695305000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1752990000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11295000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
9702000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
896000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
9112000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1707496000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1771804000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.182
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.173
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
681809000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
65392000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
55486000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
109736000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
87495000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
780404000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
65948000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
56226000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
115055000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
84374000 USD
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
98595000 USD
CY2022Q1 eqix Increase Decreasein Contract With Customer Asset Net Current
IncreaseDecreaseinContractWithCustomerAssetNetCurrent
556000 USD
CY2022Q1 eqix Increase Decreasein Contract With Customer Asset Net Noncurrent
IncreaseDecreaseinContractWithCustomerAssetNetNoncurrent
740000 USD
CY2022Q1 eqix Increase Decreasein Contract With Customer Liability Net Current
IncreaseDecreaseinContractWithCustomerLiabilityNetCurrent
5319000 USD
CY2022Q1 eqix Increase Decreasein Contract With Customer Liability Net Noncurrent
IncreaseDecreaseinContractWithCustomerLiabilityNetNoncurrent
-3121000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
29900000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9200000000 USD
CY2022Q1 eqix Revenue Remaining Performance Obligation Renewal Term
RevenueRemainingPerformanceObligationRenewalTerm
P1Y
CY2022Q1 eqix Revenue Remaining Performance Obligation Renewal Term
RevenueRemainingPerformanceObligationRenewalTerm
P1Y
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2022Q1 us-gaap Profit Loss
ProfitLoss
147693000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
156074000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
240000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-288000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
147453000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
156362000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90771000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89330000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
391000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
512000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91162000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89842000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.74
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
377000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
148000 shares
CY2022Q1 us-gaap Equity Method Investments
EquityMethodInvestments
277315000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
245049000 USD
CY2022Q1 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives Designated as Hedging Instruments</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Net Investment Hedges.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We are exposed to the impact of foreign exchange rate fluctuations on the value of investments in our foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, we have entered into various foreign currency debt obligations, which are designated as hedges against our net investments in foreign subsidiaries. As of both March 31, 2022 and December 31, 2021, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.5 billion.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also use cross-currency interest rate swaps, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. As of both March 31, 2022 and December 31, 2021, we had cross-currency interest rate swaps outstanding with notional amounts of $4.0 billion, with maturity dates ranging through 2026.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, we use foreign currency forward contracts to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of March 31, 2022 and December 31, 2021, the total notional amount of foreign currency forward contracts designated as net investment hedges were $373.8 million and $375.7 million, respectively.</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them that are priced in currencies different from the functional or local currencies of the parties involved. These embedded derivatives are separated from their host contracts and carried on our balance sheet at their fair value. The majority of these embedded derivatives arise as a result of our foreign subsidiaries pricing their customer contracts in U.S. Dollars. We use these forward contracts embedded within our customer agreements to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries.</span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Cash Flow Hedges</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">.</span> We hedge our foreign currency transaction exposure for forecasted revenues and expenses in our EMEA region between the U.S. Dollar and the British Pound, Euro, Swedish Krona and Swiss Franc. The foreign currency forward and option contracts that we use to hedge this exposure are designated as cash flow hedges.
CY2022Q1 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivatives Not Designated as Hedging Instruments</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Embedded Derivatives</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> As described above, certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them that are priced in currencies different from the functional or local currencies of the parties involved. </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Economic Hedges of Embedded Derivatives</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We use foreign currency forward contracts to manage the foreign exchange risk associated with our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved ("economic hedges of embedded derivatives"). Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date.</span></div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Foreign Currency Forward Contracts</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">.</span> We also use foreign currency forward contracts to manage the foreign exchange risk associated with certain foreign currency-denominated monetary assets and liabilities. As a result of foreign currency fluctuations, the U.S. Dollar equivalent values of our foreign currency-denominated monetary assets and liabilities change. Gains and losses on these contracts are included in other income (expense), on a net basis, along with the foreign currency gains and losses of the related foreign currency-denominated monetary assets and liabilities associated with these foreign currency forward contracts.
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3021000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
57082000 USD
CY2022Q1 eqix Derivative Asset Subjectto Master Netting Arrangement
DerivativeAssetSubjecttoMasterNettingArrangement
173208000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
173208000 USD
CY2022Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
47621000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
125587000 USD
CY2022Q1 eqix Derivative Liability Subjectto Master Netting Arrangement
DerivativeLiabilitySubjecttoMasterNettingArrangement
69010000 USD
CY2022Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
69010000 USD
CY2022Q1 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
47621000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
21389000 USD
CY2021Q4 eqix Derivative Asset Subjectto Master Netting Arrangement
DerivativeAssetSubjecttoMasterNettingArrangement
207037000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
207037000 USD
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
47538000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
159499000 USD
CY2021Q4 eqix Derivative Liability Subjectto Master Netting Arrangement
DerivativeLiabilitySubjecttoMasterNettingArrangement
49326000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
49326000 USD
CY2021Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
47538000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
1788000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
40123000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
755900000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
36128000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28887000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
30193000 USD
CY2022Q1 eqix Finance Lease Cost
FinanceLeaseCost
69010000 USD
CY2021Q1 eqix Finance Lease Cost
FinanceLeaseCost
66321000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
51630000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
56454000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
7616000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
8040000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
128256000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
130815000 USD
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
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