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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)

The Company defines adjusted EBITDA as income from operations excluding depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, acquisition costs and gain on asset sales as presented below (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Adjusted EBITDA:
 
 
 
Americas
$
307,838

 
$
291,549

EMEA
199,072

 
166,178

Asia-Pacific
153,245

 
121,788

Total adjusted EBITDA
660,155

 
579,515

Depreciation, amortization and accretion expense
(314,705
)
 
(306,465
)
Stock-based compensation expense
(49,023
)
 
(42,536
)
Impairment charges
(14,448
)
 

Acquisition costs
(2,471
)
 
(4,639
)
Income from operations
$
279,508

 
$
225,875

 
The Company also provides the following additional segment disclosures (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Depreciation and amortization:
 
 
 
Americas
$
166,770

 
$
157,578

EMEA
84,165

 
93,280

Asia-Pacific
62,243

 
56,710

Total
$
313,178

 
$
307,568

Capital expenditures:
 
 
 
Americas
$
144,495

 
$
147,329

EMEA
164,355

 
154,391

Asia-Pacific
55,117

 
48,009

Total
$
363,967

 
$
349,729

The Company's long-lived assets are located in the following geographic areas as of (in thousands):
 
March 31,
2019
 
December 31,
2018
Americas
$
4,982,068

 
$
5,010,507

EMEA
3,773,205

 
3,726,596

Asia-Pacific
2,142,937

 
2,288,917

Total long-lived assets
$
10,898,210

 
$
11,026,020

 
12.
Subsequent Events
On May 1, 2019, the Company declared a quarterly cash dividend of $2.46 per share, which is payable on June 19, 2019 to the Company's common stockholders of record as of the close of business on May 22, 2019.
On April 18, 2019, the Company completed the acquisition of Switch Datacenters' AMS1 data center business in Amsterdam, Netherlands, for a cash purchase price of approximately €30.6 million or approximately $34.3 million, at the exchange rate in

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