Cash flow Equinix, Inc.

Equities

EQIX

US29444U7000

Specialized REITs

Real-time Estimate Cboe BZX Other stock markets 18:07:46 17/02/2026 GMT			5-day change	1st Jan Change
950.32 ^USD	-0.61%		+10.99%	+24.12%

02-12	S&P 500, Dow gain as markets cheer resilient economy, focus shifts to earnings	RE
02-12	US Equity Markets Lower Amid Decline in Software, Financial Stocks	MT

959d609884a09969.7_6Gzf7vmKZy0OJCanZCnEbBaLGYsOONtB_SPBx4xDs.l5TXkrKq9OEYkbshUiAI_jWwAond86jm2ie4TnsigEmGhNCHjLivyUG5uw

Published financial data: EQUINIX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Other Revenues, Total	6.26B	6.72B	7.75B	8.74B	9.26B
Total Revenues	6.26B	6.72B	7.75B	8.74B	9.26B
Property Expenses	3.47B	3.75B	4.23B	4.47B	4.51B
Selling General & Admin Expenses, Total	2.04B	2.29B	2.51B	2.66B	2.74B
Stock-Based Compensation (IS)	-	-	2.54M	3M	3M
Total Operating Expenses	5.52B	6.04B	6.74B	7.13B	7.25B
Operating Income (REIT / Utility Template)	745M	686M	1.01B	1.61B	2.01B
Interest Expense, Total	-336M	-356M	-395M	-410M	-636M
Interest and Investment Income	2.64M	36.27M	94.23M	137M	193M
Net Interest Expenses	-333M	-320M	-301M	-273M	-443M
Income (Loss) on Equity Invest.	-	8.6M	-11.7M	-24M	-17M
Currency Exchange Gains (Loss)	89.96M	286M	-29.95M	165M	-156M
Other Non Operating Income (Expenses)	-180M	-198M	16.69M	-241M	217M
EBT, Excl. Unusual Items	321M	463M	688M	1.24B	1.61B
Restructuring Charges	-	-	-	-31M	-33M
Total Merger & Related Restructuring Charges	-22.77M	-21.84M	-12.41M	-	-
Gain (Loss) on Sale of Assets	10.84M	-3.98M	5.05M	18M	1M
Asset Writedown	-	-	-	-233M	-68M
Other Unusual Items	300M	392M	443M	-16M	1M
EBT, Incl. Unusual Items	609M	829M	1.12B	975M	1.51B
Income Tax Expense	109M	125M	155M	161M	160M
Earnings From Continuing Operations	500M	705M	969M	814M	1.35B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	500M	705M	969M	814M	1.35B
Minority Interest	463K	-232K	198K	1M	2M
Net Income - (IS)	500M	704M	969M	815M	1.35B
Net Income to Common Incl Extra Items	500M	704M	969M	815M	1.35B
Net Income to Common Excl. Extra Items	500M	704M	969M	815M	1.35B
Per Share Items
Net EPS - Basic	5.57	7.69	10.35	8.54	13.79
Basic EPS - Continuing Operations	5.57	7.69	10.35	8.54	13.79
Basic Weighted Average Shares Outstanding	89.77M	91.57M	93.62M	95.46M	97.88M
Net EPS - Diluted	5.53	7.67	10.31	8.5	13.76
Diluted EPS - Continuing Operations	5.53	7.67	10.31	8.5	13.76
Diluted Weighted Average Shares Outstanding	90.41M	91.83M	94.01M	95.83M	98.12M
Normalized Basic EPS	2.24	3.16	4.6	8.11	10.28
Normalized Diluted EPS	2.22	3.15	4.58	8.08	10.26
Dividend Per Share	11.48	12.4	14.49	17.04	18.76
Payout Ratio	208.5	163.48	141.79	201.6	137.48
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	2.41B	2.43B	2.87B	3.62B	4.07B
EBITA	957M	898M	1.23B	1.82B	2.21B
EBIT	745M	686M	1.01B	1.61B	2.01B
EBITDAR	2.66B	2.68B	3.17B	3.93B	4.4B
Effective Tax Rate - (Ratio)	17.94	15.05	13.81	16.51	10.61
Current Domestic Taxes	-7.6M	-787K	227K	2M	8M
Current Foreign Taxes	76.45M	83.21M	150M	189M	208M
Total Current Taxes	68.85M	82.42M	150M	191M	216M
Deferred Domestic Taxes	-9.65M	21.31M	-60K	-2M	1M
Deferred Foreign Taxes	50.02M	21.06M	4.9M	-28M	-57M
Total Deferred Taxes	40.37M	42.37M	4.84M	-30M	-56M
Normalized Net Income	201M	289M	430M	774M	1.01B
Interest Capitalized	24.5M	18.15M	25.97M	36M	79M
Interest on Long-Term Debt	375M	374M	428M	606M	727M
Supplemental Operating Expense Items
Selling and Marketing Expenses	741M	787M	856M	891M	903M
General and Administrative Expenses	1.3B	1.5B	1.65B	1.77B	1.84B
Net Rental Expense, Total	255M	255M	306M	308M	327M
Imputed Operating Lease Interest Expense	50.85M	48.53M	60.75M	60.36M	89.74M
Imputed Operating Lease Depreciation	204M	206M	245M	248M	237M
Stock-Based Comp., COGS (Total)	38.44M	45.03M	49.01M	58M	61M
Stock-Based Comp., S&M Exp. (Total)	79.14M	82.79M	84.58M	94M	96M
Stock-Based Comp., G&A Exp. (Total)	246M	276M	274M	310M	341M
Stock-Based Comp., Other (Total)	-	-	2.54M	3M	3M
Total Stock-Based Compensation	364M	404M	410M	465M	501M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	24.99B	27.41B	30.65B	32.14B	38.36B
Accumulated Depreciation	-8.26B	-9.33B	-10.6B	-11.47B	-13.39B
Net Property Plant And Equipment	16.73B	18.08B	20.05B	20.67B	24.98B
Total Real Estate Assets	16.73B	18.08B	20.05B	20.67B	24.98B
Cash And Equivalents	1.54B	1.91B	2.1B	3.08B	1.73B
Accounts Receivable, Total	747M	883M	1.06B	1.05B	1.06B
Other Receivables	187M	232M	247M	329M	366M
Investment In Debt and Equity Securities	-	-	-	-	-
Goodwill	5.37B	5.65B	5.74B	5.5B	5.98B
Other Intangibles, Total	1.94B	1.9B	1.7B	1.42B	1.32B
Restricted Cash	12.19M	1.73M	500K	1M	60M
Other Current Assets, Total	474M	282M	168M	985M	1.92B
Deferred Tax Assets Long-Term (Collected)	59.82M	44.63M	62.24M	48M	100M
Deferred Charges Long-Term	328M	462M	533M	554M	647M
Other Long-Term Assets, Total	539M	869M	996M	1.45B	1.99B
Total Assets	27.92B	30.31B	32.65B	35.08B	40.14B
Liabilities
Current Portion of Long-Term Debt	33.09M	9.85M	1.01B	1.2B	1.32B
Current Portion of Leases	292M	291M	269M	333M	323M
Long-Term Debt	11.57B	12.75B	12.73B	14.01B	17.6B
Long-Term Leases	3.1B	3.42B	3.45B	3.42B	3.49B
Accounts Payable, Total	84.08M	116M	162M	133M	127M
Accrued Expenses, Total	744M	834M	943M	951M	1.11B
Current Income Taxes Payable	51.3M	55.2M	81.4M	109M	114M
Unearned Revenue, Current	110M	132M	125M	123M	133M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	292M	401M	575M	496M	771M
Unearned Revenue Non Current	87.5M	155M	154M	150M	170M
Deferred Tax Liability Non-Current	340M	383M	394M	339M	367M
Other Non Current Liabilities	336M	259M	247M	271M	446M
Total Liabilities	17.04B	18.8B	20.14B	21.53B	25.96B
Common Stock, Total	91K	93K	95K	-	-
Additional Paid In Capital	15.98B	17.32B	18.6B	20.9B	21.64B
Distributions In Excess Of Earnings	-3.9B	-4.35B	-4.76B	-5.59B	-6.1B
Treasury Stock	-112M	-71.97M	-56.12M	-39M	-24M
Comprehensive Income and Other	-1.09B	-1.39B	-1.29B	-1.74B	-1.36B
Total Common Equity	10.88B	11.51B	12.49B	13.53B	14.16B
Minority Interest	-318K	-134K	24.6M	24M	22M
Total Equity	10.88B	11.51B	12.51B	13.55B	14.18B
Total Liabilities And Equity	27.92B	30.31B	32.65B	35.08B	40.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.72M	92.74M	94.62M	97.33M	98.25M
ECS Total Common Shares Outstanding	90.57M	92.62M	94.48M	97.29M	98.23M
Book Value / Share	120.15	124.23	132.19	139.05	144.12
Tangible Book Value	3.57B	3.95B	5.05B	6.61B	6.86B
Tangible Book Value Per Share	39.47	42.69	53.42	67.91	69.8
Total Debt	14.99B	16.47B	17.46B	18.96B	22.73B
Net Debt	13.46B	14.56B	15.36B	15.88B	21B
Debt Equivalent Oper. Leases	2.04B	2.04B	2.45B	2.46B	2.62B
Minority Interest, Total (Incl. Fin. Div)	-318K	-134K	24.6M	24M	22M
Equity Method Investments, Total	245M	348M	468M	519M	551M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	971M	1.25B	1.41B	1.65B	2.76B
Buildings, Total	7.38B	8.01B	8.97B	9.48B	11.17B
Machinery, Total	10.81B	11.62B	12.6B	12.89B	15.1B
Full Time Employees	10.94K	12.1K	13.15K	13.61K	13.72K
Accumulated Allowance for Doubtful Accounts (Supple)	11.64M	12.22M	17.18M	19M	16M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	500M	704M	969M	815M	1.35B
Depreciation, Depletion & Amortization	1.45B	1.53B	1.64B	1.8B	1.86B
Amortization of Goodwill and Intangible Assets - (CF)	212M	211M	215M	214M	207M
Total Depreciation, Depletion & Amortization	1.66B	1.74B	1.85B	2.02B	2.07B
Amortization of Deferred Charges, Total	17.14M	17.83M	18.72M	20M	-
(Gain) Loss On Sale of Asset - (CF)	-10.84M	3.98M	-5.05M	-18M	-1M
Total Asset Writedown	-	-	-	233M	68M
Provision for Credit Losses	10.02M	-	-	-	-
Stock-Based Compensation (CF)	364M	404M	408M	462M	498M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	7.43M	14.84M	21M	-
Change in Accounts Receivable	-1.87M	-153M	-150M	27M	-40M
Change in Accounts Payable	64.6M	115M	161M	95M	25M
Change In Income Taxes	-16.6M	-7.83M	4.11M	-9M	-78M
Change in Other Net Operating Assets (Collected)	-179M	73.12M	-90.38M	-453M	-8M
Other Operating Activities	137M	56.51M	35.24M	41M	31M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	2.55B	2.96B	3.22B	3.25B	3.91B
Acquisition of Real Estate Assets, Total	-2.95B	-2.53B	-3.17B	-3.4B	-5.3B
Sale of Real Estate Assets, Total	209M	250M	76.94M	247M	-
Net Sale / Acquisition of Real Estate Assets	-2.74B	-2.28B	-3.09B	-3.16B	-5.3B
Cash Acquisitions	-158M	-964M	-	-	-251M
Investment in Marketable and Equity Securities, Total	-103M	-123M	-136M	-607M	-963M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-261M	-69M
Other Investing Activities, Total	-	-	-	87M	104M
Cash from Investing	-3.01B	-3.36B	-3.22B	-3.94B	-6.48B
Long-Term Debt Issued, Total	3.88B	1.87B	902M	2.77B	4.31B
Total Debt Issued	3.88B	1.87B	902M	2.77B	4.31B
Long-Term Debt Repaid, Total	-2.87B	-722M	-155M	-1.15B	-1.36B
Total Debt Repaid	-2.87B	-722M	-155M	-1.15B	-1.36B
Issuance of Common Stock	575M	878M	820M	1.76B	194M
Common Dividends Paid	-1.04B	-1.15B	-1.37B	-1.64B	-1.86B
Common & Preferred Stock Dividends Paid	-1.04B	-1.15B	-1.37B	-1.64B	-1.86B
Other Financing Activities, Total	-124M	-17.73M	18.07M	-19M	-22M
Cash from Financing	414M	857M	211M	1.72B	1.27B
Foreign Exchange Rate Adjustments	-30.47M	-98.2M	-15.62M	-49M	43M
Net Change in Cash	-76.24M	359M	188M	986M	-1.26B
Supplemental Items
Cash Interest Paid	426M	430M	471M	486M	448M
Cash Income Tax Paid (Refund)	134M	140M	153M	185M	207M
Net Debt Issued / Repaid	1.01B	1.15B	747M	1.62B	2.96B
Levered Free Cash Flow	1.66B	2.65B	2.94B	2.28B	2.83B
Unlevered Free Cash Flow	1.85B	2.85B	3.17B	2.52B	3.23B
Change In Net Working Capital	640M	-278M	-276M	969M	590M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.69	1.47	2.01	2.97	3.33
Return on Total Capital	1.85	1.59	2.19	3.22	3.61
Return On Equity %	4.65	6.29	8.07	6.25	9.72
Return on Common Equity	4.65	6.29	8.08	6.27	9.75
Margin Analysis
Gross Profit Margin %	44.53	44.2	45.48	48.87	51.32
SG&A Margin	32.64	33.99	32.37	30.41	29.62
EBITDA Margin %	38.46	36.13	36.96	41.49	43.97
EBITA Margin %	15.28	13.35	15.86	20.88	23.9
EBIT Margin %	11.89	10.21	13.08	18.43	21.66
Income From Continuing Operations Margin %	7.98	10.48	12.5	9.32	14.56
Net Income Margin %	7.99	10.48	12.5	9.33	14.58
Net Avail. For Common Margin %	7.99	10.48	12.5	9.33	14.58
Normalized Net Income Margin	3.21	4.3	5.55	8.86	10.87
Levered Free Cash Flow Margin	26.5	39.4	37.95	26.11	30.6
Unlevered Free Cash Flow Margin	29.58	42.45	40.9	28.81	34.89
Asset Turnover
Asset Turnover	0.23	0.23	0.25	0.26	0.25
Fixed Assets Turnover	0.38	0.39	0.41	0.43	0.41
Short Term Liquidity
Current Ratio	1.84	1.8	1.13	1.63	1.32
Quick Ratio	1.54	1.64	1.07	1.33	0.81
Operating Cash Flow to Current Liabilities	1.59	1.61	1.02	0.97	1
Average Days Payable Outstanding	8.5	9.73	12.01	12.08	10.53
Long Term Solvency
Total Debt/Equity	137.78	143.14	139.49	139.91	160.29
Total Debt / Total Capital	57.94	58.87	58.24	58.32	61.58
LT Debt/Equity	134.79	140.53	129.3	128.57	148.73
Long-Term Debt / Total Capital	56.69	57.8	53.99	53.59	57.14
Total Liabilities / Total Assets	61.02	62.04	61.67	61.37	64.68
EBIT / Interest Expense	2.22	1.93	2.57	3.93	3.15
EBITDA / Interest Expense	7.92	7.53	8.02	9.59	6.92
(EBITDA - Capex) / Interest Expense	7.92	7.53	8.02	9.59	6.92
Total Debt / EBITDA	5.63	6.14	5.5	4.82	5.17
Net Debt / EBITDA	5.05	5.43	4.84	4.04	4.77
Total Debt / (EBITDA - Capex)	5.63	6.14	5.5	4.82	5.17
Net Debt / (EBITDA - Capex)	5.05	5.43	4.84	4.04	4.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.34	7.4	15.34	6.59	5.99
Gross Profit, 1 Yr. Growth %	9.39	6.6	18.68	7.58	11.29
EBITDA, 1 Yr. Growth %	11.01	0.9	20.41	9.55	12.46
EBITA, 1 Yr. Growth %	1.3	-6.16	44.93	9.09	21.33
EBIT, 1 Yr. Growth %	0.77	-7.81	59.15	10.5	24.6
Earnings From Cont. Operations, 1 Yr. Growth %	35.03	40.99	37.53	-16	65.6
Net Income, 1 Yr. Growth %	35.27	40.82	37.6	-15.89	65.64
Diluted EPS Before Extra, 1 Yr. Growth %	32.3	38.7	34.42	-17.56	61.88
Normalized Net Income, 1 Yr. Growth %	-16	43.82	48.82	10.69	30
Net Property, Plant and Equip., 1 Yr. Growth %	4.69	8.07	10.91	3.08	20.84
Accounts Receivable, 1 Yr. Growth %	8.25	18.17	19.57	-0.47	0.57
Total Assets, 1 Yr. Growth %	3.38	8.57	7.72	7.45	14.41
Common Equity, 1 Yr. Growth %	2.33	5.73	8.54	8.32	4.64
Tangible Book Value, 1 Yr. Growth %	19.54	10.61	27.64	30.91	3.77
Cash From Operations, 1 Yr. Growth %	10.28	16.33	8.55	0.99	20.38
Levered Free Cash Flow, 1 Yr. Growth %	-26	59.72	10.33	-29.4	25.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-25.33	54.14	10.41	-27.01	28.55
Dividend Per Share, 1 Yr. Growth %	7.89	8.01	16.85	17.6	10.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.15	9.35	11.3	10.8	6.29
Gross Profit, 2 Yr. CAGR %	8.94	7.99	12.49	12.63	9.42
EBITDA, 2 Yr. CAGR %	8.26	5.83	9.11	14.33	11.07
EBITA, 2 Yr. CAGR %	-0.47	-2.5	13.4	21.23	15.05
EBIT, 2 Yr. CAGR %	-1.21	-3.62	16.74	24.96	17.34
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.74	37.98	39.25	7.45	17.95
Net Income, 2 Yr. CAGR %	-0.72	38.01	39.2	7.52	18.03
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.92	35.46	36.54	5.27	15.53
Normalized Net Income, 2 Yr. CAGR %	-12.28	9.91	46.3	21.43	19.96
Net Property, Plant and Equip., 2 Yr. CAGR %	10.79	6.37	9.48	6.93	11.61
Accounts Receivable, 2 Yr. CAGR %	3.38	13.1	18.87	9.1	0.05
Total Assets, 2 Yr. CAGR %	7.93	5.94	8.14	7.59	10.88
Common Equity, 2 Yr. CAGR %	10.95	4.02	7.13	8.43	6.46
Tangible Book Value, 2 Yr. CAGR %	35.18	14.99	18.82	29.26	16.55
Cash From Operations, 2 Yr. CAGR %	13.06	13.26	12.37	4.72	10.26
Levered Free Cash Flow, 2 Yr. CAGR %	-3.55	8.72	33.21	-11.72	-5.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-5.42	7.28	30.88	-10.15	-3.1
Dividend Per Share, 2 Yr. CAGR %	8.01	7.95	12.35	17.23	13.78
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.05	9.23	11.31	11.76	9.17
Gross Profit, 3 Yr. CAGR %	3.74	8.15	11.44	15.28	12.18
EBITDA, 3 Yr. CAGR %	1.98	5.75	9.74	14.62	13.66
EBITA, 3 Yr. CAGR %	-8.44	-2.4	9.21	24.01	21.27
EBIT, 3 Yr. CAGR %	-10.44	-3.46	11.14	29.33	24.84
Earnings From Cont. Operations, 3 Yr. CAGR %	11	11.58	37.83	17.66	24.12
Net Income, 3 Yr. CAGR %	11.04	11.55	37.88	17.67	24.18
Diluted EPS Before Extra, 3 Yr. CAGR %	6.64	8.59	35.11	15.41	21.51
Normalized Net Income, 3 Yr. CAGR %	-14.4	3.44	21.6	56.73	24.22
Net Property, Plant and Equip., 3 Yr. CAGR %	14.91	9.88	7.86	7.3	11.38
Accounts Receivable, 3 Yr. CAGR %	5.3	8.09	15.22	12.04	6.18
Total Assets, 3 Yr. CAGR %	11.31	8.14	6.53	7.91	9.82
Common Equity, 3 Yr. CAGR %	14.66	9.18	5.51	7.52	7.15
Tangible Book Value, 3 Yr. CAGR %	316.17	26.43	19.06	22.72	20.14
Cash From Operations, 3 Yr. CAGR %	11.95	14.14	11.67	8.45	9.69
Levered Free Cash Flow, 3 Yr. CAGR %	0.85	14.11	9.5	11.21	-1.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.36	11.3	8.55	10.78	1.19
Dividend Per Share, 3 Yr. CAGR %	7.97	8.01	10.84	14.07	14.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.63	9.11	8.73	11.11	10.49
Gross Profit, 5 Yr. CAGR %	9.25	6.64	7.15	12.7	13.27
EBITDA, 5 Yr. CAGR %	9.9	5.3	4.77	12.03	13.43
EBITA, 5 Yr. CAGR %	3.97	-2.35	-0.26	13.57	18.57
EBIT, 5 Yr. CAGR %	2.51	-3.65	-0.43	16.11	22.11
Earnings From Cont. Operations, 5 Yr. CAGR %	34.29	24.77	21.54	9.92	29.5
Net Income, 5 Yr. CAGR %	31.58	24.76	21.54	9.94	29.56
Diluted EPS Before Extra, 5 Yr. CAGR %	27.83	20.65	17.72	7.25	26.91
Normalized Net Income, 5 Yr. CAGR %	3.21	3.41	6.07	24.26	33.27
Net Property, Plant and Equip., 5 Yr. CAGR %	18.37	13.99	12.7	8.69	9.35
Accounts Receivable, 5 Yr. CAGR %	13.53	8.91	10.53	8.49	8.9
Total Assets, 5 Yr. CAGR %	17.23	10.15	10.03	7.92	8.25
Common Equity, 5 Yr. CAGR %	20.04	10.93	11.58	8.88	5.89
Tangible Book Value, 5 Yr. CAGR %	40.17	136.84	152.07	27.56	18.05
Cash From Operations, 5 Yr. CAGR %	20.1	15.54	12.12	10.27	11.11
Levered Free Cash Flow, 5 Yr. CAGR %	0.14	10.41	12.73	5.05	4.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.23	8.6	10.45	3.99	5.43
Dividend Per Share, 5 Yr. CAGR %	10.4	9.16	9.7	11.61	12.01