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SEC Filings

10-Q
EQUINIX INC filed this Form 10-Q on 11/02/2018
Entire Document
 

EQUINIX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
 
(Unaudited)
Revenues
$
1,283,751

 
$
1,152,261

 
$
3,761,571

 
$
3,168,207

Costs and operating expenses:
 
 
 
 
 
 
 
Cost of revenues
660,309

 
582,360

 
1,934,540

 
1,573,524

Sales and marketing
157,920

 
157,619

 
471,898

 
428,112

General and administrative
206,902

 
185,336

 
620,548

 
558,090

Acquisition costs
(1,120
)
 
2,083

 
33,932

 
31,510

Gain on asset sales
(6,013
)
 

 
(6,013
)
 

Total costs and operating expenses
1,017,998

 
927,398

 
3,054,905

 
2,591,236

Income from operations
265,753

 
224,863

 
706,666

 
576,971

Interest income
2,912

 
2,291

 
11,480

 
9,820

Interest expense
(130,566
)
 
(121,828
)
 
(391,516
)
 
(352,554
)
Other income (expense)
3,744

 
(1,076
)
 
9,546

 
545

Gain (loss) on debt extinguishment
1,492

 
(22,156
)
 
(39,214
)
 
(42,103
)
Income before income taxes
143,335


82,094

 
296,962

 
192,679

Income tax expense
(18,510
)
 
(2,194
)
 
(41,625
)
 
(24,912
)
Net income
$
124,825

 
$
79,900

 
$
255,337

 
$
167,767

Earnings per share ("EPS"):
 
 
 
 
 
 
 
Basic EPS
$
1.56

 
$
1.02

 
$
3.21

 
$
2.20

Weighted-average shares for basic EPS
79,872

 
78,055

 
79,533

 
76,283

Diluted EPS
$
1.55

 
$
1.02

 
$
3.19

 
$
2.18

Weighted-average shares for diluted EPS
80,283

 
78,719

 
79,956

 
76,948

Cash dividends declared per common share
$
2.28

 
$
2.00

 
$
6.84

 
$
6.00

See accompanying notes to condensed consolidated financial statements.

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