EQUINIX, INC. EQIX Cash Flow

Equinix, inc. (EQIX)

CashFlow / TTM

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
508,455	507,245	492,432	496,446	420,212	365,359	320,552	275,627	253,814	232,982	229,517	201,067	199,973	126,800	75,781	65,463	80,211	187,774	-178,060	-176,231	-225,611	-260,726	139,750	139,542	104,176	96,123	97,361	78,690	141,617	143,144	113,398	109,955	103,048	93,382	90,277	80,834	47,827	36,881	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
1,112,294	1,088,559	1,063,595	1,044,475	1,030,764	1,024,073	1,010,519	986,103	934,435	865,472	802,454	754,832	729,952	714,345	670,091	613,997	555,175	498,134	487,230	474,606	462,253	453,935	428,567	418,403	412,086	405,444	402,225	399,026	387,510	375,004	366,944	352,832	342,423	328,610	311,281	294,519	273,305	246,544	0	0	0
Stock-based compensation
252,015	236,539	215,280	198,997	187,203	180,716	185,747	183,813	179,713	175,500	169,439	166,131	159,829	155,567	149,598	141,221	135,891	132,443	130,092	123,785	123,622	117,990	114,103	113,721	104,085	102,940	96,903	91,403	87,758	83,025	79,904	77,331	75,100	71,532	70,529	68,272	68,050	67,489	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,415	16,541	18,358	27,330	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
195,234	196,278	197,562	200,517	202,335	203,416	202,383	199,484	198,607	177,008	157,546	141,582	123,727	122,862	101,484	75,156	49,303	27,446	26,149	26,522	27,146	27,756	27,535	27,383	27,173	27,027	27,352	27,447	25,405	23,575	21,525	19,651	19,720	19,064	18,461	17,775	16,517	13,632	0	0	0
Amortization of debt issuance costs and debt discounts and premiums
13,507	13,042	12,438	12,390	12,514	13,618	14,958	16,200	16,968	24,449	25,528	23,822	25,209	19,137	18,202	19,490	17,784	16,050	15,384	15,126	16,032	18,667	21,106	23,357	24,524	23,868	22,910	21,993	21,011	23,365	26,413	29,572	32,995	32,172	32,328	31,281	29,645	27,915	0	0	0
Provision for allowance for doubtful accounts
7,799	8,459	10,938	10,727	8,549	7,236	3,624	1,244	2,198	5,627	8,608	12,601	13,085	8,260	7,391	5,795	5,057	5,037	5,954	7,456	7,903	7,093	7,985	6,748	6,061	5,819	3,315	3,338	3,318	4,186	5,409	5,202	5,464	4,987	4,211	3,313	2,970	2,056	0	0	0
Impairment of Long-Lived Assets to be Disposed of
1,342	15,790	16,023	14,834	14,448	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on asset sales
0	-	-	-	0	-	-	-	-	-	-	-	-	32,816	33,187	5,242	5,242	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-58,859	-52,800	-12,253	-11,076	-30,291	-51,400	-62,911	-86,559	-83,788	-65,800	-43,880	-31,905	-15,779	-12,276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,187	0	0	0
Other items
-10,947	-11,620	-16,529	-20,387	-20,313	-19,660	1,640	7,018	10,416	11,243	-9,203	-12,561	-19,117	-20,609	-20,171	-20,305	-18,468	-16,490	-16,390	-17,589	-19,184	-19,912	-19,528	-13,904	-11,727	-11,543	-20,224	-16,494	-9,495	-7,001	-1,409	-5,805	-10,187	-9,866	-3,284	-4,366	-3,383	-2,254	0	0	0
Accretion of asset retirement obligation and accrued restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	4,100	4,013	3,685	3,128	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-72,747	26,909	91,194	141,210	66,006	52,931	44,470	48,315	193,385	161,774	229,853	209,763	128,582	100,230	75,388	45,168	25,104	44,583	39,574	90,243	103,762	101,966	92,058	37,700	32,288	27,956	19,993	35,821	31,587	26,601	43,662	41,292	45,837	23,061	27,699	24,439	30,701	39,886	0	0	0
Income taxes, net
20,367	32,495	95,350	42,858	20,536	-10,670	-14,204	-23,875	-29,680	-34,936	-25,609	18,848	37,039	29,020	-24,035	-67,187	-125,680	-109,579	211,424	253,140	229,968	226,774	-105,795	-125,146	-121,591	-108,189	-68,674	-74,689	30,505	24,089	0	0	0	-	-	-	-	-	-	-	-
Other assets
194,193	100,144	87,262	56,895	48,774	47,635	31,275	-3,431	33,646	-20,180	0	0	0	-	-	-	-	-	-	-	-	6,496	9,679	8,629	-1,661	36,853	37,372	32,403	29,939	-2,479	6,069	12,552	15,616	32,091	31,789	22,505	20,589	11,855	0	0	0
Operating lease right-of-use assets
-146,564	-149,031	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-148,398	-152,091	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-42,146	-27,928	37,373	55,833	59,175	35,495	34,318	33,992	104,759	74,488	118,043	88,361	36,368	61,565	22,380	49,207	39,215	109,125	58,790	74,146	31,544	10,681	16,953	-7,326	44,068	7,242	43,602	43,821	46,077	33,538	56,544	39,354	12,788	39,717	9,636	6,591	5,683	35,175	0	0	0
Other liabilities
116,110	32,227	34,689	30,778	47,758	31,725	14,294	17,807	-14,358	5,708	0	0	0	-	-	-	-	-	-	-	39,596	38,392	37,167	30,152	25,157	21,266	26,844	11,786	-11,495	8,639	-14,925	10,179	35,945	14,981	32,661	24,354	363	-4,948	0	0	0
Other assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
2,088,417	1,992,728	2,021,687	1,939,855	1,935,660	1,815,426	1,751,676	1,725,024	1,492,769	1,439,233	1,244,972	1,190,099	1,161,890	1,019,353	953,883	832,647	766,846	894,823	881,554	883,594	770,095	709,002	653,829	643,950	692,145	604,608	641,594	542,591	590,214	632,026	615,666	649,977	595,543	587,320	522,879	494,272	410,830	392,872	0	0	0
Cash flows from investing activities:
Purchases of investments
96,425	60,909	33,691	31,546	45,212	65,180	55,181	86,090	60,935	57,926	68,515	52,100	57,706	42,325	52,327	51,221	351,460	359,031	747,921	755,067	471,020	545,997	291,065	460,389	765,881	968,971	891,358	900,856	642,000	442,870	606,653	1,159,028	1,215,994	1,268,574	1,172,808	735,236	804,777	744,798	0	0	0
Sales of investments
45,741	40,386	20,346	27,558	57,527	85,777	87,930	84,129	56,037	46,421	44,235	53,955	58,022	53,164	88,449	183,683	880,724	873,139	0	0	0	-	-	-	451,487	276,351	0	0	0	-	-	-	80,790	125,674	105,196	104,934	99,248	25,174	0	0	0
Maturities of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	281,151	314,288	289,877	213,484	0	0	0	-	-	-	836,720	495,865	595,349	719,714	698,975	827,540	0	0	0
Business acquisitions, net of cash and restricted cash acquired
512,430	34,143	0	0	0	-	-	-	-	3,963,280	3,627,905	3,794,934	201,321	1,766,606	2,002,483	1,836,582	1,836,582	245,503	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of real estate
199,805	169,153	110,094	188,072	173,439	182,418	166,731	88,285	68,044	95,083	64,964	48,580	53,449	28,118	28,118	28,118	16,408	38,282	38,282	38,282	38,282	16,791	0	0	0	-	-	-	-	-	-	-	-	28,066	0	0	0	-	-	-	-
Purchases of other property, plant and equipment
2,116,495	2,079,521	2,045,625	2,034,344	2,110,412	2,096,174	1,848,186	1,622,879	1,451,212	1,378,725	1,332,369	1,291,612	1,192,907	1,113,365	1,007,656	944,225	915,700	868,120	825,985	765,942	704,416	660,203	624,567	639,599	602,646	572,406	579,973	621,056	694,677	764,500	743,963	663,370	655,761	685,386	638,866	651,282	611,112	579,397	0	0	0
Proceeds from sale of assets, net of cash transferred
-	-	-	-	-	-	-	-	-	47,767	71,152	876,524	876,524	851,582	828,197	22,825	22,825	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-10	0	0	0	-	-	-	-
Increase in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-1,156	841,853	3,460	837,190	837,193	3,483	842,495	8,696	10,062	1,843	2,953	97,724	96,354	96,354	95,669	1,582	0	0	0
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	88,762	87,437	79,407	68,929	1,000	1,000	944	630	244	0	0	0
Net cash used in investing activities
-2,520,641	-1,944,567	-2,203,592	-2,247,087	-3,089,069	-3,075,528	-3,133,953	-2,877,744	-5,451,393	-5,400,826	-4,978,366	-4,256,747	-570,837	-2,045,668	-1,715,998	-2,181,424	-2,227,153	-637,797	-1,227,446	-1,126,207	-736,162	-437,443	-49,290	-373,932	72,112	-1,169,313	-1,139,871	-1,411,179	-1,854,846	-442,873	-433,289	-709,716	-943,333	-1,499,155	-1,287,281	-668,083	-855,801	-600,969	0	0	0
Cash flows from financing activities:
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297,958	0	0	0	-	-	-	-	13,364	0	0	0	-	-	-	-	-	-	-	-
Proceeds from employee equity awards
54,816	52,018	52,051	51,869	51,882	50,136	50,174	47,437	47,469	41,696	41,661	36,659	37,949	34,179	34,328	31,114	29,960	30,040	30,992	30,064	31,317	29,320	31,993	31,833	31,911	31,892	34,080	35,544	40,045	56,137	53,328	50,769	53,685	38,893	39,342	42,261	44,602	39,817	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,415	16,541	18,358	27,330	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends and special distribution
865,040	836,164	809,662	782,893	756,204	738,600	712,325	685,883	660,413	621,497	589,226	557,142	522,710	499,463	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from public offering of common stock, net of issuance costs
549,334	1,660,976	1,775,275	1,942,105	1,601,606	388,172	628,953	362,702	355,163	2,481,421	2,126,341	2,126,341	2,126,258	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
114,305	126,486	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior notes, net of debt discounts
-	-	-	-	-	929,850	2,108,851	3,308,551	3,308,551	3,628,701	2,449,700	1,250,000	1,250,000	0	0	0	0	-	-	-	-	-	-	-	-	1,500,000	0	0	0	-	-	-	-	-	-	-	-	750,000	0	0	0
Proceeds from loans payable
-	-	-	-	-	-	-	-	-	2,056,876	1,517,700	1,526,854	1,526,854	1,168,304	1,417,512	1,408,358	1,898,358	1,197,108	0	0	0	-	-	-	-	-	-	-	-	262,591	263,243	26,328	81,592	95,336	0	0	0	-	-	-	-
Repayments of mortgage and loans payable
0	2,206,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of loans payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Payment of dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Long-term Capital Lease Obligations
-	-	-	-	-	103,774	122,873	118,866	132,661	93,470	73,774	113,510	97,749	114,385	109,313	60,360	56,599	28,663	25,103	22,385	19,076	18,030	41,047	41,743	40,867	40,133	15,697	14,193	13,068	12,378	11,929	11,961	11,284	10,426	9,423	8,055	16,547	16,133	0	0	0
Repayment of mortgage and loans payable
-	-	-	-	-	447,473	2,643,776	2,260,908	2,262,887	2,277,798	539,943	532,082	548,045	1,462,888	1,172,288	1,169,752	1,638,262	715,270	645,410	645,008	156,517	153,473	47,706	47,403	48,765	52,500	55,636	284,003	276,034	329,111	0	0	0	-	-	-	-	-	-	-	0
Debt extinguishment costs
47,930	43,311	0	0	-148	20,556	23,658	35,424	43,694	26,122	24,219	22,634	14,512	11,380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	12,218	36,379	52,011	51,965	81,047	56,516	51,958	51,981	11,381	0	0	0	-	-	-	0	-	-	-	-	23,057	0	0	0	-	-	-	-	15,661	15,551	130	8,056	23,124	0	0	0
Other financing activities
-	-	-	-	-	-	-	-	-	-900	-951	-951	-951	-51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-21,954	1,202,082	719,714	949,941	783,819	470,912	670,693	1,063,254	1,056,639	4,607,860	4,350,773	3,661,577	3,705,113	-897,065	1,454,056	1,545,215	1,595,014	1,873,152	340,500	185,673	26,307	87,819	-643,090	-388,029	-959,135	574,907	657,796	732,671	1,317,989	-222,721	-318,352	352,098	678,652	748,728	746,122	20,087	-293,984	309,686	0	0	0
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash
-14,826	8,766	-16,080	-7,656	-43,505	-33,907	-26,207	-11,521	27,549	31,187	-8,480	-13,571	-758	-21,800	-17,230	-27,819	-40,894	-39,784	-15,590	-17,531	-20,975	-12,625	-7,010	8,849	5,033	-521	536	-683	-1,282	6,958	5,139	-6,135	-2,384	-911	-346	10,254	4,119	-4,804	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
-469,004	1,259,009	521,729	635,053	-413,095	-823,097	-737,791	-100,987	-2,874,436	677,454	612,654	606,469	4,295,408	-1,945,180	670,956	143,508	93,813	2,090,394	-20,982	-74,471	39,265	346,753	-45,561	-109,162	-189,845	9,681	160,055	-136,600	52,075	-26,610	-130,836	356,224	328,478	-164,018	-18,626	-213,470	-734,836	96,785	0	0	0
Supplemental cash flow information
Cash paid for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,690	103,869	106,800	49,013	36,711	21,563	9,097	10,717	9,157	15,086	16,372	10,639	11,043	0	0	0
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,629	163,362	189,300	189,960	185,321	186,763	160,968	155,728	129,129	127,454	125,338	126,392	97,943	0	0	0