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SEC Filings

10-Q
EQUINIX INC filed this Form 10-Q on 05/03/2019
Entire Document
 

PART I - FINANCIAL INFORMATION
Item 1. Condensed Consolidated Financial Statements
EQUINIX, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
 
March 31,
2019
 
December 31,
2018
 
(Unaudited)
Assets
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
1,633,844

 
$
606,166

Short-term investments
13,833

 
4,540

Accounts receivable, net of allowance for doubtful accounts of $18,212 and $15,950
703,835

 
630,119

Other current assets
274,259

 
274,857

Total current assets
2,625,771

 
1,515,682

Property, plant and equipment, net
10,898,210

 
11,026,020

Operating lease right-of-use assets
1,457,822

 

Goodwill
4,808,085

 
4,836,388

Intangible assets, net
2,243,106

 
2,333,296

Other assets
458,097

 
533,252

Total assets
$
22,491,091

 
$
20,244,638

Liabilities and Stockholders' Equity
 
 
 
Current liabilities:
 
 
 
Accounts payable and accrued expenses
$
746,771

 
$
756,692

Accrued property, plant and equipment
263,141

 
179,412

Current portion of operating lease liabilities
132,162

 

Current portion of finance lease liabilities
56,024

 
77,844

Current portion of mortgage and loans payable
72,796

 
73,129

Current portion of senior notes
300,488

 
300,999

Other current liabilities
113,969

 
126,995

Total current liabilities
1,685,351

 
1,515,071

Operating lease liabilities, less current portion
1,316,522

 

Finance lease liabilities, less current portion
1,166,234

 
1,441,077

Mortgage and loans payable, less current portion
1,286,749

 
1,310,663

Senior notes, less current portion
8,067,385

 
8,128,785

Other liabilities
544,062

 
629,763

Total liabilities
14,066,303

 
13,025,359

Commitments and contingencies (Note 9)

 

Equinix stockholders' equity
 
 
 
Common stock, $0.001 par value per share: 300,000,000 shares authorized; 84,465,156 issued and 84,070,003 outstanding in 2019 and 81,119,117 issued and 80,722,258 outstanding in 2018
84

 
81

Additional paid-in capital
12,043,056

 
10,751,313

Treasury stock, at cost; 395,153 shares in 2019 and 396,859 shares in 2018
(144,801
)
 
(145,161
)
Accumulated dividends
(3,532,915
)
 
(3,331,200
)
Accumulated other comprehensive loss
(942,365
)
 
(945,702
)
Retained earnings
1,002,053

 
889,948

Total Equinix stockholders' equity
8,425,112

 
7,219,279

Non-controlling interests
(324
)
 

Total stockholders' equity
8,424,788

 
7,219,279

Total liabilities and stockholders' equity
$
22,491,091

 
$
20,244,638

See accompanying notes to condensed consolidated financial statements.

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