EQUINIX, INC. EQIX Cash Flow

Equinix, inc. (EQIX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
118,957	124,835	120,811	143,852	117,747	110,022	124,825	67,618	62,894	65,215	79,900	45,805	42,062	61,750	51,450	44,711	-31,111	10,731	41,132	59,459	76,452	-355,103	42,961	10,079	41,337	45,373	42,753	-25,287	33,284	46,611	24,082	37,640	34,811	16,865	20,639	30,733	25,145	13,760	11,196	-2,274	14,199
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
287,378	281,855	273,054	270,007	263,643	256,891	253,934	256,296	256,952	243,337	229,518	204,628	187,989	180,319	181,896	179,748	172,382	136,065	125,802	120,926	115,341	125,161	113,178	108,573	107,023	99,793	103,014	102,256	100,381	96,574	99,815	90,740	87,875	88,514	85,703	80,331	74,062	71,185	68,941	59,117	47,301
Stock-based compensation
64,499	62,126	63,871	61,519	49,023	40,867	47,588	49,725	42,536	45,898	45,654	45,625	38,323	39,837	42,346	39,323	34,061	33,868	33,969	33,993	30,613	31,517	27,662	33,830	24,981	27,630	27,280	24,194	23,836	21,593	21,780	20,549	19,103	18,472	19,207	18,318	15,535	17,469	16,950	18,096	14,974
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,825	1,614	10,018	-42	4,951	3,431	18,990	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
48,491	48,689	48,837	49,217	49,535	49,973	51,792	51,035	50,616	48,940	48,893	50,158	29,017	29,478	32,929	32,303	28,152	8,100	6,601	6,450	6,295	6,803	6,974	7,074	6,905	6,582	6,822	6,864	6,759	6,907	6,917	4,822	4,929	4,857	5,043	4,891	4,273	4,254	4,357	3,633	1,388
Amortization of debt issuance costs and debt discounts and premiums
3,460	3,613	3,196	3,238	2,995	3,009	3,148	3,362	4,099	4,349	4,390	4,130	11,580	5,428	2,684	5,517	5,508	4,493	3,972	3,811	3,774	3,827	3,714	4,717	6,409	6,266	5,965	5,884	5,753	5,308	5,048	4,902	8,107	8,356	8,207	8,325	7,284	8,512	7,160	6,689	5,554
Provision for allowance for doubtful accounts
3,934	-129	1,491	2,503	4,594	2,350	1,280	325	3,281	-1,262	-1,100	1,279	6,710	1,719	2,893	1,763	1,885	850	1,297	1,025	1,865	1,767	2,799	1,472	1,055	2,659	1,562	785	813	155	1,585	765	1,681	1,378	1,378	1,027	1,204	602	480	684	290
Impairment of Long-Lived Assets to be Disposed of
0	-233	1,189	386	14,448	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset sales
-1,199	-	-	-	0	-	-	-	-	-	-	-	-	-371	27,945	0	5,242	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-6,441	-52,733	315	0	-382	-12,186	1,492	-19,215	-21,491	-23,697	-22,156	-16,444	-3,503	-1,777	-10,181	-318	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,356	0	1,454	3,377
Other items
-4,484	-1,711	-1,184	-3,568	-5,157	-6,620	-5,042	-3,494	-4,504	14,680	336	-96	-3,677	-5,766	-3,022	-6,652	-5,169	-5,328	-3,156	-4,815	-3,191	-5,228	-4,355	-6,410	-3,919	-4,844	1,269	-4,233	-3,735	-13,525	4,999	2,766	-1,241	-7,933	603	-1,616	-920	-1,351	-479	-633	209
Accretion of asset retirement obligation and accrued restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,317	1,053	-	1,209	1,139	1,125	627	1,122	811	568
Changes in operating assets and liabilities:
Accounts receivable
-15,306	-96,480	-3,331	42,370	84,350	-32,195	46,685	-32,834	71,275	-40,656	50,530	112,236	39,664	27,423	30,440	31,055	11,312	2,581	220	10,991	30,791	-2,428	50,889	24,510	28,995	-12,336	-3,469	19,098	24,663	-20,299	12,359	14,864	19,677	-3,238	9,989	19,409	-3,099	1,400	6,729	25,671	6,086
Income taxes, net
3,697	-40,649	42,482	14,837	15,825	22,206	-10,010	-7,485	-15,381	18,672	-19,681	-13,290	-20,637	27,999	24,776	4,901	-28,656	-25,056	-18,376	-53,592	-12,555	295,947	23,340	-76,764	-15,749	-36,622	3,989	-73,209	-2,347	2,893	-2,026	31,985	-8,763	-	-	-	-	-	-	-	-
Other assets
101,882	38,108	56,312	-2,109	7,833	25,226	25,945	-10,230	6,694	8,866	-8,761	26,847	-47,132	-	-	-	-	-	-	-	-	12,624	4,060	8,104	-18,292	15,807	3,010	-2,186	20,222	16,326	-1,959	-4,650	-12,196	24,874	4,524	-1,586	4,279	24,572	-4,760	-3,502	-4,455
Operating lease right-of-use assets
-38,797	-40,805	-29,743	-37,219	-41,264	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-35,193	-40,032	-38,254	-34,919	-38,886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-25,681	-34,588	10,647	7,476	-11,463	30,713	29,107	10,818	-35,143	29,536	28,781	81,585	-65,414	73,091	-901	29,592	-40,217	33,906	25,926	19,600	29,693	-16,429	41,282	-23,002	8,830	-10,157	17,003	28,392	-27,996	26,203	17,222	30,648	-40,535	49,209	32	4,082	-13,606	19,128	-3,013	3,174	15,886
Other liabilities
82,943	14,384	-5,498	24,281	-940	16,846	-9,409	41,261	-16,973	-585	-5,896	9,096	3,093	-	-	-	-	-	-	-	8,933	10,093	10,950	9,620	7,729	8,868	3,935	4,625	3,838	14,446	-11,123	-18,656	23,972	-9,118	13,981	7,110	3,008	8,562	5,674	-16,881	-2,303
Other assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39,290	35,509	25,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
516,830	529,670	498,994	542,923	421,141	558,629	417,162	538,728	300,907	494,879	390,510	306,473	247,371	300,618	335,637	278,264	104,834	235,148	214,401	212,463	232,811	221,879	216,441	98,964	171,718	166,706	206,562	147,159	84,181	203,692	107,559	194,782	125,993	187,332	141,870	140,348	117,770	122,891	113,263	56,906	99,812
Cash flows from investing activities:
Purchases of investments
44,813	37,217	2,905	11,490	9,297	9,999	760	25,156	29,265	0	31,669	1	26,256	10,589	15,254	5,607	10,875	20,591	14,148	305,846	18,446	409,481	21,294	21,799	93,423	154,549	190,618	327,291	296,513	76,936	200,116	68,435	97,383	240,719	752,491	125,401	149,963	144,953	314,919	194,942	89,984
Sales of investments
5,873	31,441	0	8,427	518	11,401	7,212	38,396	28,768	13,554	3,411	10,304	19,152	11,368	13,131	14,371	14,294	46,653	108,365	711,412	6,709	-	-	-	212,299	99,380	36,521	103,287	37,163	-	-	-	30,699	20,874	22,837	6,380	75,583	396	22,575	694	1,509
Maturities of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	28,400	7,031	-	31,741	72,822	102,778	73,810	64,878	48,411	26,385	-	-	-	413,050	221,245	52,425	150,000	72,195	320,729	176,790	129,261	200,760
Business acquisitions, net of cash and restricted cash acquired
478,287	0	0	34,143	0	-	-	-	-	334,754	-1,128	3,593,613	36,041	-621	165,901	0	1,601,326	235,256	0	0	10,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate
36,373	104,865	16,852	41,715	5,721	45,806	94,830	27,082	14,700	30,119	16,384	6,841	41,739	0	0	11,710	16,408	0	0	0	38,282	0	0	0	16,791	-	-	-	-	-	-	-	-	4,073	0	9,042	14,951	-	-	-	-
Purchases of other property, plant and equipment
400,941	714,561	556,822	444,171	363,967	680,665	545,541	520,239	349,729	432,677	320,234	348,572	277,242	386,321	279,477	249,867	197,700	280,612	216,046	221,342	150,120	238,477	156,003	159,816	105,907	202,841	171,035	122,863	75,667	210,408	212,118	196,484	145,490	189,871	131,525	188,875	175,115	143,351	143,941	148,705	143,400
Proceeds from sale of assets, net of cash transferred
-	-	-	-	-	-	-	-	-	0	0	0	47,767	23,385	805,372	0	22,825	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	107	-	-	-	-	0	-5	0	-5	-	-	-	-
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,274	511,166	-3,521	-	-1,080	-570	71	423	841,929	-838,963	833,801	426	8,219	49	2	1,792	0	1,159	94,773	422	0	474	686
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,325	8,086	10,792	68,559	0	56	314	630	0	0	0	244
Net cash used in investing activities
-954,541	-466,546	-576,462	-523,092	-378,467	-725,571	-619,957	-1,365,074	-364,926	-783,996	-363,748	-3,938,723	-314,359	-361,536	357,871	-252,813	-1,789,190	-31,866	-107,555	-298,542	-199,834	-621,515	-6,316	91,503	98,885	-233,362	-330,958	537,547	-1,142,540	-203,920	-602,266	93,880	269,433	-194,336	-878,693	-139,737	-286,389	17,538	-259,495	-327,455	-31,557
Cash flows from financing activities:
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	42,575	208,263	47,120	-	-	-	-	0	0	0	13,364	-	-	-	-	-	-	-	-
Proceeds from employee equity awards
30,391	0	24,425	0	27,593	33	24,243	13	25,847	71	21,506	45	20,074	36	16,504	1,335	16,304	185	13,290	181	16,384	1,137	12,362	1,434	14,387	3,810	12,202	1,512	14,368	5,998	13,666	6,013	30,460	3,189	11,107	8,929	15,668	3,638	14,026	11,270	10,883
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,825	1,614	10,018	-42	4,951	3,431	18,990	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends and special distribution
233,479	210,360	212,752	208,449	204,603	183,858	185,983	181,760	186,999	157,583	159,541	156,290	148,083	125,312	127,457	121,858	124,836	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from public offering of common stock, net of issuance costs
101,792	0	99,421	348,121	1,213,434	114,299	266,251	7,622	0	355,080	0	83	2,126,258	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
250,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
18,977	63,701	19,673	11,954	31,158	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior notes, net of debt discounts
-	-	-	-	-	0	0	0	929,850	1,179,001	1,199,700	0	1,250,000	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	1,500,000	-	-	-	-	-	-	-	-	0	0	0	750,000
Proceeds from loans payable
-	-	-	-	-	-	-	-	-	997,076	0	0	1,059,800	457,900	9,154	0	701,250	707,108	0	490,000	0	-	-	-	-	-	-	-	-	4,049	249,633	0	8,909	4,701	12,718	55,264	22,653	-	-	-	-
Repayments of mortgage and loans payable
343,711	2,056,289	0	131,666	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,171	0	10,102	-	-	-	-
Payment of dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96,349	96,619	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Long-term Capital Lease Obligations
-	-	-	-	-	14,119	19,799	14,069	55,787	33,218	15,792	27,864	16,596	13,522	55,528	12,103	33,232	8,450	6,575	8,342	5,296	4,890	3,857	5,033	4,250	27,907	4,553	4,157	3,516	3,471	3,049	3,032	2,826	3,022	3,081	2,355	1,968	2,019	1,713	10,847	1,554
Repayment of mortgage and loans payable
-	-	-	-	-	17,975	404,083	18,816	6,599	2,214,278	21,215	20,795	21,510	476,423	13,354	36,758	936,353	185,823	10,818	505,268	13,361	115,963	10,416	16,777	10,317	10,196	10,113	18,139	14,052	13,332	238,480	10,170	67,129	-	-	-	-	-	-	-	114,340
Debt extinguishment costs
4,619	43,311	0	0	0	0	0	-148	20,704	3,102	11,766	8,122	3,132	1,199	10,181	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	0	635	0	11,583	24,161	16,267	-46	40,665	-370	11,709	-23	65	-	-	-	-98	-	-	-	-	622	1,649	1,756	19,030	-	-	-	-	110	15,426	0	125	0	5	7,926	15,193
Other financing activities
-	-	-	-	-	-	-	-	-	0	0	0	-900	-51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-237,104	381,473	-126,163	-40,160	986,932	-100,895	104,064	-206,282	674,025	98,886	496,625	-212,897	4,225,246	-158,201	-192,571	-169,361	-376,932	2,192,920	-101,412	-119,562	-98,794	660,268	-256,239	-278,928	-37,282	-70,641	-1,178	-850,034	1,496,760	12,248	73,697	-264,716	-43,950	-83,383	744,147	61,838	26,126	-85,989	18,112	-252,233	629,796
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash
-25,287	21,883	-13,528	2,106	-1,695	-2,963	-5,104	-33,743	7,903	4,737	9,582	5,327	11,541	-34,930	4,491	18,140	-9,501	-30,360	-6,098	5,065	-8,391	-6,166	-8,039	1,621	-41	-551	7,820	-2,195	-5,595	506	6,601	-2,794	2,645	-1,313	-4,673	957	4,118	-748	5,927	-5,178	-4,805
Net increase (decrease) in cash, cash equivalents and restricted cash
-700,102	466,480	-217,159	-18,223	1,027,911	-270,800	-103,835	-1,066,371	617,909	-185,494	532,969	-3,839,820	4,169,799	-250,294	526,784	-150,881	-2,070,789	2,365,842	-664	-200,576	-74,208	254,466	-54,153	-86,840	233,280	-137,848	-117,754	-167,523	432,806	12,526	-414,409	21,152	354,121	-91,700	72,651	-6,594	-138,375	53,692	-122,193	-527,960	693,246
Supplemental cash flow information
Cash paid for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,954	9,882	62,818	14,036	17,133	12,813	5,031	1,734	1,985	347	6,651	174	7,914	1,633	918	578
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,671	39,678	28,305	67,975	27,404	65,616	28,965	63,336	28,846	39,821	23,725	36,737	27,171	37,705	24,779	8,288