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SEC Filings

10-Q
EQUINIX INC filed this Form 10-Q on 11/02/2018
Entire Document
 
EQUINIX, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(Unaudited)

The cumulative effect of the changes made to the Company's consolidated January 1, 2018 balance sheet from the adoption of Topic 606 was as follows (in thousands):
Balance Sheet
 
Balance at December 31, 2017
 
Adjustments due to adoption of Topic 606
 
Balance at January 1, 2018
Assets
 
 
 
 
 
 
Other current assets
 
$
232,027

 
$
9,002

 
$
241,029

Other assets (1)
 
241,750

 
179,578

 
421,328

Liabilities
 
 
 
 
 

Other current liabilities
 
159,914

 
(16,215
)
 
143,699

Other liabilities (2)
 
661,710

 
(63,051
)
 
598,659

Equity
 
 
 
 
 


Accumulated other comprehensive loss (3)
 
(785,189
)
 
(1,930
)
 
(787,119
)
Retained earnings
 
$
252,689

 
$
269,776

 
$
522,465

 
(1) 
Includes cumulative adjustments related to cost to obtain contracts, non-current contract assets and deferred tax assets.
(2) 
Includes cumulative adjustments related to non-current deferred revenue and deferred tax liabilities.
(3) 
Includes cumulative adjustments related to CTA.
The following tables summarize the effects of adopting Topic 606 on the unaudited condensed consolidated financial statement line items (in thousands, except per share data):
Balance Sheets
 
September 30, 2018
 
Adjustments
 
Balances without adoption of Topic 606
Other current assets
 
$
258,685

 
$
(9,358
)
 
$
249,327

Total current assets
 
1,806,987

 
(9,358
)
 
1,797,629

Other assets
 
562,332

 
(190,276
)
 
372,056

Total assets
 
$
20,288,071

 
$
(199,634
)
 
$
20,088,437

Accounts payable and accrued expenses
 
$
739,117

 
$
(3,110
)
 
$
736,007

Other current liabilities
 
123,824

 
18,636

 
142,460

Total current liabilities
 
1,461,319

 
15,526

 
1,476,845

Other liabilities
 
634,060

 
67,996

 
702,056

Total liabilities
 
13,127,898

 
83,522

 
13,211,420

Accumulated other comprehensive loss
 
(922,148
)
 
7,056

 
(915,092
)
Retained earnings
 
779,926

 
(290,212
)
 
489,714

Total stockholders' equity
 
7,160,173

 
(283,156
)
 
6,877,017

Total liabilities and stockholders' equity
 
$
20,288,071

 
$
(199,634
)
 
$
20,088,437


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