2023 Q2 Form 10-Q Financial Statement

#000162828023016073 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $2.018B $1.998B $1.734B
YoY Change 11.08% 15.21% 8.67%
Cost Of Revenue $1.061B $1.006B $915.9M
YoY Change 14.03% 9.85% 12.9%
Gross Profit $957.6M $992.1M $818.6M
YoY Change 7.97% 21.2% 4.3%
Gross Profit Margin 47.44% 49.65% 47.19%
Selling, General & Admin $621.4M $605.5M $545.2M
YoY Change 10.17% 11.07% 12.58%
% of Gross Profit 64.9% 61.04% 66.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $510.1M $457.1M $435.3M
YoY Change 17.72% 5.0% 10.21%
% of Gross Profit 53.26% 46.07% 53.18%
Operating Expenses $621.4M $605.5M $545.2M
YoY Change 10.17% 11.07% 12.58%
Operating Profit $336.2M $384.1M $267.3M
YoY Change 5.76% 43.7% -10.19%
Interest Expense -$76.47M $97.48M $79.97M
YoY Change -184.19% 21.9% -10.83%
% of Operating Profit -22.75% 25.38% 29.91%
Other Income/Expense, Net -$11.52M $7.503M -$9.549M
YoY Change 84.64% -178.57% 37.4%
Pretax Income $244.4M $313.8M $180.4M
YoY Change 8.68% 73.9% -4.38%
Income Tax $37.39M $55.06M $32.74M
% Of Pretax Income 15.3% 17.55% 18.15%
Net Earnings $207.0M $258.8M $147.5M
YoY Change -4.3% 75.5% -5.7%
Net Earnings / Revenue 10.26% 12.95% 8.5%
Basic Earnings Per Share $2.21 $2.78 $1.62
Diluted Earnings Per Share $2.21 $2.77 $1.62
COMMON SHARES
Basic Shares Outstanding 93.52M shares 92.74M shares 90.77M shares
Diluted Shares Outstanding 93.86M shares 93.34M shares 91.16M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.342B $2.643B $1.695B
YoY Change 23.84% 55.88% -3.51%
Cash & Equivalents $2.342B $2.643B $1.695B
Short-Term Investments
Other Short-Term Assets $395.7M $437.2M $471.9M
YoY Change -23.06% -7.36% 15.7%
Inventory
Prepaid Expenses
Receivables $1.006B $913.4M $780.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.744B $3.993B $3.063B
YoY Change 13.8% 30.38% 7.48%
LONG-TERM ASSETS
Property, Plant & Equipment $18.80B $16.91B $15.51B
YoY Change 21.62% 9.03% 5.04%
Goodwill $5.732B $5.712B $5.316B
YoY Change 2.63% 7.45% -1.33%
Intangibles
YoY Change
Long-Term Investments $396.8M $372.0M $277.3M
YoY Change 31.42% 34.14% 60.86%
Other Assets $1.487B $1.392B $1.020B
YoY Change 16.9% 36.52% 25.42%
Total Long-Term Assets $27.82B $27.28B $24.96B
YoY Change 8.06% 9.3% 2.02%
TOTAL ASSETS
Total Short-Term Assets $3.744B $3.993B $3.063B
Total Long-Term Assets $27.82B $27.28B $24.96B
Total Assets $31.57B $31.27B $28.02B
YoY Change 8.71% 11.6% 2.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.023B $933.3M $811.2M
YoY Change 21.58% 15.06% 9.32%
Accrued Expenses $455.8M $429.5M $382.8M
YoY Change 18.4% 12.18% -23.28%
Deferred Revenue $118.2M $129.4M $115.1M
YoY Change -8.0% 12.45% 9.28%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $160.0M $165.3M $180.4M
YoY Change -10.22% -8.36% -52.4%
Total Short-Term Liabilities $1.854B $1.754B $1.607B
YoY Change 15.25% 9.16% -12.36%
LONG-TERM LIABILITIES
Long-Term Debt $15.47B $15.47B $13.67B
YoY Change 5.14% 13.12% 6.59%
Other Long-Term Liabilities $2.189B $784.9M $740.7M
YoY Change 177.19% 5.96% -10.45%
Total Long-Term Liabilities $17.66B $784.9M $740.7M
YoY Change 2136.92% 5.96% -10.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.854B $1.754B $1.607B
Total Long-Term Liabilities $17.66B $784.9M $740.7M
Total Liabilities $19.54B $19.25B $17.08B
YoY Change 6.16% 12.67% 2.03%
SHAREHOLDERS EQUITY
Retained Earnings $3.431B $3.224B $2.408B
YoY Change 30.73% 33.87% 25.63%
Common Stock $17.91B $17.80B $16.15B
YoY Change 10.15% 10.22% 6.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $107.9M
YoY Change -8.35%
Treasury Stock Shares 290.0K shares
Shareholders Equity $12.02B $12.03B $10.94B
YoY Change
Total Liabilities & Shareholders Equity $31.57B $31.27B $28.02B
YoY Change 8.71% 11.6% 2.59%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $207.0M $258.8M $147.5M
YoY Change -4.3% 75.5% -5.7%
Depreciation, Depletion And Amortization $510.1M $457.1M $435.3M
YoY Change 17.72% 5.0% 10.21%
Cash From Operating Activities $741.3M $691.4M $581.1M
YoY Change -7.52% 18.98% 48.56%
INVESTING ACTIVITIES
Capital Expenditures $638.2M $529.6M -$412.5M
YoY Change -231.63% -228.38% -26.81%
Acquisitions
YoY Change
Other Investing Activities -$30.29M $7.464M $153.8M
YoY Change -96.57% -95.15% -313.26%
Cash From Investing Activities -$668.4M -$522.1M -$258.8M
YoY Change -51.18% 101.78% -59.29%
FINANCING ACTIVITIES
Cash Dividend Paid $326.2M $289.7M
YoY Change 12.6% 10.12%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -327.2M $542.2M -$168.9M
YoY Change -137.95% -421.01% -140.93%
NET CHANGE
Cash From Operating Activities 741.3M $691.4M $581.1M
Cash From Investing Activities -668.4M -$522.1M -$258.8M
Cash From Financing Activities -327.2M $542.2M -$168.9M
Net Change In Cash -254.4M $735.4M $158.0M
YoY Change -186.3% 365.31% 8.17%
FREE CASH FLOW
Cash From Operating Activities $741.3M $691.4M $581.1M
Capital Expenditures $638.2M $529.6M -$412.5M
Free Cash Flow $103.1M $161.8M $993.6M
YoY Change -91.98% -83.72% 4.07%

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CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
115000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
21000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
104258000 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32840000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
362988000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
180533000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-56000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
240000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
3000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
363044000 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
180290000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
258730000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
147693000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
404626000 usd
CY2022Q1 us-gaap Depreciation
Depreciation
385771000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
98715000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
89952000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52474000 usd
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49569000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4590000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4204000 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2891000 usd
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3406000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-852000 usd
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1818000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
254000 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
529000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3949000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3690000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
53392000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
100727000 usd
CY2023Q1 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
4991000 usd
CY2022Q1 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
13881000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
129000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6115000 usd
CY2023Q1 eqix Increase Decreasein Operating Lease Right Of Use Assets
IncreaseDecreaseinOperatingLeaseRightOfUseAssets
-34766000 usd
CY2022Q1 eqix Increase Decreasein Operating Lease Right Of Use Assets
IncreaseDecreaseinOperatingLeaseRightOfUseAssets
-35400000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-33587000 usd
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-31740000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-72765000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-75980000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-15049000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
48600000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
691408000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
581123000 usd
CY2023Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
24393000 usd
CY2022Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
38558000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
40397000 usd
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
3074000 usd
CY2023Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
529600000 usd
CY2022Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
412518000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
72254000 usd
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
195391000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-522136000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-258759000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
44543000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
43876000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
326162000 usd
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
289669000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
300775000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
565239000 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 usd
CY2022Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
676850000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
35498000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
40773000 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2403000 usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
551833000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4257000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7366000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
542237000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-168915000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23883000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4593000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
735392000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
158042000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1908248000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1549454000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2643640000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1707496000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2642578000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1695305000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
967000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11295000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
95000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
896000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2643640000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1707496000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.176
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.182
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
855380000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
27608000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
55405000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
132090000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
155334000 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
913413000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
28619000 usd
CY2023Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
72269000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
129378000 usd
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
153039000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
58033000 usd
CY2023Q1 eqix Increase Decreasein Contract With Customer Asset Net Current
IncreaseDecreaseinContractWithCustomerAssetNetCurrent
1011000 usd
CY2023Q1 eqix Increase Decreasein Contract With Customer Asset Net Noncurrent
IncreaseDecreaseinContractWithCustomerAssetNetNoncurrent
16864000 usd
CY2023Q1 eqix Increase Decreasein Contract With Customer Liability Net Current
IncreaseDecreaseinContractWithCustomerLiabilityNetCurrent
-2712000 usd
CY2023Q1 eqix Increase Decreasein Contract With Customer Liability Net Noncurrent
IncreaseDecreaseinContractWithCustomerLiabilityNetNoncurrent
-2295000 usd
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
36800000 usd
CY2023Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9900000000 usd
CY2023Q1 eqix Revenue Remaining Performance Obligation Renewal Term
RevenueRemainingPerformanceObligationRenewalTerm
P1Y
CY2023Q1 eqix Revenue Remaining Performance Obligation Renewal Term
RevenueRemainingPerformanceObligationRenewalTerm
P1Y
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.70
CY2023Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P2Y
CY2023Q1 us-gaap Profit Loss
ProfitLoss
258730000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
147693000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-56000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
240000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
258786000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
147453000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92971000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90771000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
369000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
391000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93340000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91162000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.78
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.77
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
140000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
377000 shares
CY2023Q1 eqix Number Of Acquisitions
NumberOfAcquisitions
3 acquisition
CY2023Q1 us-gaap Equity Method Investments
EquityMethodInvestments
371995000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
348145000 usd
CY2023Q1 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, 2023 and December 31, 2022, 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 utilize cross-currency interest rate swaps, designated as net investment hedges, 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, 2023 and December 31, 2022, the total notional amount of cross-currency interest rate swaps, designated as net investment hedges was $3.9 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, which are designated as net investment hedges, to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of both March 31, 2023 and December 31, 2022, the total notional amount of foreign currency forward contracts designated as net investment hedges was $373.4 million.</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 that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them. 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.
CY2023Q1 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-style:italic;font-weight:400;line-height:120%"> </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 that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them.</span></div><div style="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%"> 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.
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
10707000 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3021000 usd
CY2023Q1 eqix Derivative Asset Subjectto Master Netting Arrangement
DerivativeAssetSubjecttoMasterNettingArrangement
372836000 usd
CY2023Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
372836000 usd
CY2023Q1 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
50820000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
322016000 usd
CY2023Q1 eqix Derivative Liability Subjectto Master Netting Arrangement
DerivativeLiabilitySubjecttoMasterNettingArrangement
59156000 usd
CY2023Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
59156000 usd
CY2023Q1 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
50820000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
8336000 usd
CY2022Q4 eqix Derivative Asset Subjectto Master Netting Arrangement
DerivativeAssetSubjecttoMasterNettingArrangement
424516000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
424516000 usd
CY2022Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
34429000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
390087000 usd
CY2022Q4 eqix Derivative Liability Subjectto Master Netting Arrangement
DerivativeLiabilitySubjecttoMasterNettingArrangement
39234000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
39234000 usd
CY2022Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2022Q1 us-gaap Dividends Share Based Compensation
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