← EQUINIX INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $705.0m $969.0m $814.0m $1.3b
Net Income (Loss) Attributable to Parent $126.8m $233.0m $365.4m $507.4m $369.8m $500.2m $704.3m $969.2m $815.0m $1.4b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $126.8m — — $507.2m $370.1m $499.7m $704.6m $969.0m $814.0m $1.3b
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — $233.0m $365.4m — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $114.4m — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $12.4m $0 $0 — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — ($205k) $297k ($463k) $232k ($198k) ($1.0m) ($2.0m)
Depreciation, Depletion and Amortization $837.2m $1.0b $1.2b $1.3b $1.4b $1.7b $1.7b $1.8b $2.0b $2.0b
Amortization of Debt Issuance Costs and Discounts $19.1m $24.4m $13.6m $13.0m $15.7m $17.1m $17.8m $18.7m $20.0m —
Amortization of Intangible Assets $122.9m $177.0m $203.4m $196.3m $199.0m $205.5m $204.8m $209.1m $208.0m $200.0m
Depreciation $714.3m $865.5m $1.0b $1.1b $1.2b $1.5b $1.5b $1.6b $1.8b $2.1b
Amortization Cash Flow — — — — — $205.5m $205.0m $209.1m $208.0m —
Amortization Of Intangibles — — — — — $205.5m $205.0m $209.1m $208.0m —
Depreciation Amortization Depletion — — — — — — $1.7b $1.8b $2.0b $2.1b
Depreciation, Amortization and Accretion, Net $843.5m $1.0b $1.2b $1.3b $1.4b $1.7b $1.7b $1.8b $2.0b $2.1b
Deferred Income Tax Expense (Benefit) ($35.3m) ($46.7m) ($46.1m) $27.5m ($18.8m) $40.4m $42.4m $4.8m ($30.0m) ($56.0m)
Share-based Payment Arrangement, Noncash Expense $155.6m $175.5m $180.7m $236.5m $295.0m $363.8m $404.0m $407.5m $462.0m $498.0m
Share-based Payment Arrangement, Expense $156.1m $175.5m $180.7m $236.5m $311.0m $363.8m $404.0m $407.5m $462.0m $498.0m
Equity Method Investment, Other than Temporary Impairment — — — $0 $0 $0 $0 $0 $0 $0
Goodwill, Impairment Loss — — — — — $0 $0 $0 $0 —
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — $29.0m —
Impairment of Intangible Assets, Finite-lived $573k $725k $2.0m — — — — — $29.0m —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $0 $0 $0 $0 $0 $0 $0 — —
Operating Lease, Impairment Loss — — — — — — — — $38.0m —
Asset Impairment Charge — — — — — — $0 $0 $233.0m $68.0m
Income (Loss) from Equity Method Investments — — — — — — — $11.7m ($24.0m) ($17.0m)
Gain (Loss) on Extinguishment of Debt ($12.3m) ($65.8m) ($51.4m) ($52.8m) ($145.8m) ($115.1m) $327k ($35k) ($16.0m) $1.0m
Gain (Loss) on Disposition of Assets $32.8m $0 $6.0m $44.3m $1.3m $10.8m ($4.0m) $5.0m $18.0m $1.0m
Gain (Loss) on Disposition of Property Plant Equipment $32.8m $0 — — — — — — — —
Income Tax Expense (Benefit) $45.5m $53.9m $67.7m $185.4m $146.2m $109.2m $124.8m $155.2m $161.0m $160.0m
Interest Expense Nonoperating — — — — — — — — $457.0m $527.0m
Other Nonoperating Income (Expense) ($57.9m) $9.2m $14.0m $27.8m $6.9m ($50.6m) ($51.4m) ($11.2m) ($17.0m) ($7.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $100.2m $161.8m $52.9m $26.9m ($25.4m) $1.9m $153.4m $150.3m ($27.0m) $40.0m
Increase (Decrease) in Other Operating Assets $72.8m ($20.2m) $47.6m $100.1m $129.8m $114.3m $52.3m $145.9m $445.0m —
Asset Retirement Obligation, Accretion Expense $6.7m $7.3m $6.3m $6.3m $6.3m $6.5m $6.4m $6.3m $6.0m $7.0m
General and Administrative Expense $694.6m $745.9m $826.7m $935.0m $1.1b $1.3b $1.5b $1.7b $1.8b $1.8b
Goodwill $3.0b $4.4b $4.8b $4.8b $5.5b $5.4b $5.7b $5.7b $5.5b $6.0b
Investment Income, Interest $3.5m $13.1m $14.5m $27.7m $8.7m $2.6m $36.3m $94.2m $137.0m $193.0m
Beginning Cash Position — — — — — — $1.5b $1.9b $2.1b $3.1b
Cash Flow From Continuing Financing Activities — — — — — — $857.0m $211.0m $1.7b $1.3b
Cash Flow From Continuing Investing Activities — — — — — — ($3.4b) ($3.2b) ($3.9b) ($6.5b)
Change In Account Payable — — — — — — — $161.0m $95.0m $25.0m
Change In Other Current Assets — — — — — — $97.0m $139.0m $150.0m $161.0m
Change In Other Current Liabilities — — — — — — ($24.0m) ($128.0m) ($153.0m) ($156.0m)
Change In Other Working Capital — — — — — — ($8.0m) ($99.0m) ($459.0m) ($91.0m)
Change In Payable — — — — — — — $161.0m $95.0m $25.0m
Change In Payables And Accrued Expense — — — — — — $114.0m $161.0m $95.0m $25.0m
Change In Receivables — — — — — — ($154.0m) ($150.0m) $27.0m ($40.0m)
Change In Working Capital — — — — — — $25.0m ($77.0m) ($340.0m) ($101.0m)
Changes In Account Receivables — — — — — — ($154.0m) ($150.0m) $27.0m ($40.0m)
Changes In Cash — — — — — — $457.0m $204.0m $1.0b ($1.3b)
End Cash Position — — — — — — $1.9b $2.1b $3.1b $1.8b
Financing Cash Flow — — — — — — $857.0m $211.0m $1.7b $1.3b
Free Cash Flow — — — — — — $685.0m $436.0m $183.0m ($400.0m)
Investing Cash Flow — — — — — — ($3.4b) ($3.2b) ($3.9b) ($6.5b)
Issuance Of Capital Stock — — — — — — $796.0m $734.0m $1.7b $99.0m
Net Business Purchase And Sale — — — — — — ($1.1b) ($136.0m) ($98.0m) ($311.0m)
Net PPE Purchase And Sale — — — — — — ($2.3b) ($2.8b) ($3.1b) ($4.3b)
Operating Gains Losses — — — — — — $4.0m ($5.0m) ($18.0m) ($1.0m)
Other Non Cash Items — — — — — — $81.0m $79.0m $87.0m $33.0m
Proceeds From Stock Option Exercised — — — — — — $82.0m $87.0m $91.0m $95.0m
Provisionand Write Offof Assets — — — — — $10.0m $7.0m $14.8m $21.0m —
Purchase Of Business — — — — — — ($1.1b) ($136.0m) ($98.0m) ($311.0m)
Purchase Of PPE $1.1b $1.4b $2.1b — — $2.8b ($2.3b) ($2.8b) ($3.1b) ($4.3b)
Stock Based Compensation — — — — — — $404.0m $407.0m $462.0m $498.0m
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $2.4m $0 $0 — — — — — — —
Net Cash Provided by (Used in) Operating Activities $1.0b $1.4b $1.8b $2.0b $2.3b $2.5b $3.0b $3.2b $3.2b $3.9b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($2.3b) ($2.8b) ($3.1b) ($4.3b)
Payments to Acquire Businesses, Net of Cash Acquired $1.8b $4.0b $829.7m $34.1m $1.2b $158.5m $964.0m $0 $0 $251.0m
Payments to Acquire Investments $42.3m $57.9m $65.2m $60.9m $127.8m $107.5m $144.6m $135.9m — —
Net Investment Properties Purchase And Sale — — — — — — ($248.0m) ($384.0m) ($337.0m) ($994.0m)
Net Investment Purchase And Sale — — — — — — $22.0m $0 ($520.0m) ($962.0m)
Purchase Of Investment — — — — — — $0 $0 ($520.0m) ($2.0b)
Purchase Of Investment Properties — — — — — — ($248.0m) ($384.0m) ($337.0m) ($994.0m)
Sale Of Investment — — — — — — $22.0m $0 $0 $1.0b
Net Other Investing Changes — — — — — — $250.0m $77.0m $73.0m $35.0m
Net Cash Provided by (Used in) Investing Activities ($1.6b) ($5.4b) ($3.1b) ($1.9b) ($3.4b) ($3.0b) ($3.4b) ($3.2b) ($3.9b) ($6.5b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.2b $2.1b $424.6m — — — — — — —
Issuance Of Debt — — — — — — $1.9b $902.0m $2.8b $4.3b
Long Term Debt Issuance — — — — — — $1.9b $902.0m $2.8b $4.3b
Net Issuance Payments Of Debt — — — — — — $1.1b $753.0m $1.6b $3.0b
Net Long Term Debt Issuance — — — — — — $1.1b $753.0m $1.6b $3.0b
Repayments of Long-term Debt $1.5b $2.3b $447.5m $73.2m — — — — — —
Long Term Debt Payments — — — — — — ($722.0m) ($149.0m) ($1.1b) ($1.4b)
Repayment Of Debt — — — — — — ($722.0m) ($149.0m) ($1.1b) ($1.4b)
Proceeds from Issuance of Common Stock $0 $2.5b $388.2m $1.7b $2.0b $497.9m $796.0m $733.7m $1.7b $99.0m
Common Stock Issuance — — — — — — $796.0m $734.0m $1.7b $99.0m
Net Common Stock Issuance — — — — — — $796.0m $734.0m $1.7b $99.0m
Payments for Repurchase of Common Stock $0 — — — — — — — — —
Proceeds from Noncontrolling Interests — — — — — — — $25.0m $4.0m $4.0m
Dividends paid $499.5m $621.5m $738.6m $836.2m $947.9m $1.0b $1.2b $1.4b $1.6b $1.9b
Dividends Payable, Current $12.0m $11.2m $8.8m $9.0m $10.9m $12.0m $12.3m $13.6m $16.0m $18.0m
Cash Dividends Paid — — — — — — ($1.2b) ($1.4b) ($1.6b) ($1.9b)
Common Stock Dividend Paid — — — — — — ($1.2b) ($1.4b) ($1.6b) ($1.9b)
Dividends Received CFI — — — — — — $0 $0 $11.0m $59.0m
Proceeds from (Payments for) Other Financing Activities — ($900k) $725k $0 $0 — — — — ($26.0m)
Net Other Financing Charges — — — — — — ($18.0m) $12.0m ($26.0m) ($22.0m)
Net Cash Provided by (Used in) Financing Activities ($894.3m) $4.6b $470.9m $1.2b $815.5m $413.8m $856.8m $211.4m $1.7b $1.3b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($21.8m) $31.2m ($33.9m) $8.8m $40.7m ($30.5m) ($98.2m) ($15.6m) ($49.0m) $43.0m
Effect Of Exchange Rate Changes — — — — — — ($98.0m) ($16.0m) ($49.0m) $43.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($21.8m) $677.5m ($823.1m) $1.3b ($260.9m) ($76.2m) $358.8m $188.1m $986.0m ($1.3b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($21.8m) $1.5b $627.6m $1.9b $1.6b $1.5b $1.9b $2.1b $3.1b $1.8b
Cash, Cash Equivalents, and Short-term Investments — — — $1.9b $1.6b $1.5b — — $3.6b $3.2b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $359.0m $188.0m $986.0m ($1.3b)
Interest Paid, Excluding Capitalized Interest, Operating Activities $350.1m $422.2m $476.9m $521.6m $471.7m $401.9m $412.1m $445.5m $486.0m $448.0m
Income Taxes Paid, Net $39.3m $72.6m $93.4m $136.6m $143.9m $134.4m $140.3m $153.0m $185.0m $207.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.