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SEC Filings

10-Q
EQUINIX INC filed this Form 10-Q on 05/03/2019
Entire Document
 
EQUINIX, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(Unaudited)

Lease Expenses
The components of lease expenses are as follows (in thousands):
 
Three Months Ended
March 31, 2019
Finance lease cost
 
Amortization of right-of-use assets (1)
$
20,086

Interest on lease liabilities
27,523

Total finance lease cost
47,609

 
 
Operating lease cost
51,639

Total lease cost
$
99,248

 
 
(1) Amortization of right-of-use assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations.
Other Information
Other information related to leases is as follows (in thousands):
 
Three Months Ended
March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:


Operating cash flows from finance leases
$
26,604

Operating cash flows from operating leases
49,262

Financing cash flows from finance leases
31,158

 
 
Right-of-use assets obtained in exchange for lease obligations:

Finance leases
$
16,307

Operating leases
28,987

 
 
Weighted-average remaining lease term - finance leases (1)
14 years

Weighted-average remaining lease term - operating leases (1)
13 years

Weighted-average discount rate - finance leases
10
%
Weighted-average discount rate - operating leases
4
%
 
(1) Includes lease renewal options that are reasonably certain to be exercised.

20