EQIX Stock Price Correlated With Equinix Financials
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Income Statement
Cash Flow
Balance Sheet
EQIX Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
EQIX Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
EQIX Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
1. Basis of Presentation
and Significant Accounting Policies
Basis of
Presentation
The
accompanying unaudited condensed consolidated financial statements
have been prepared by Equinix, Inc. (“Equinix” or the
“Company”) and reflect all adjustments, consisting only
of normal recurring adjustments, which in the opinion of management
are necessary to fairly state the financial position and the
results of operations for the interim periods presented. The
condensed consolidated balance sheet data at December 31, 2011
has been derived from audited consolidated financial statements at
that date. The condensed consolidated financial statements have
been prepared in accordance with the regulations of the Securities
and Exchange Commission (“SEC”), but omit certain
information and footnote disclosures necessary to present the
statements in accordance with generally accepted accounting
principles in the United States of America. For further
information, refer to the Consolidated Financial Statements and
Notes thereto included in Equinix’s Form 10-K as filed with
the SEC on February 24, 2012. Results for the interim periods
are not necessarily indicative of results for the entire fiscal
year.
In September
2012, the Company announced that its board of directors approved a
plan to pursue conversion to a real estate investment trust
(“REIT”) (the “REIT Conversion”). The
Company plans to make a tax election for REIT status for the
taxable year beginning January 1, 2015.
Consolidation
The
accompanying unaudited condensed consolidated financial statements
include the accounts of Equinix and its subsidiaries, including the
operations of Asia Tone Limited (“Asia Tone”) from
July 4, 2012, ancotel GmbH (“ancotel”) from
July 3, 2012 and ALOG Data Centers do Brasil S.A.
(“ALOG”) from April 25, 2011. All significant
intercompany accounts and transactions have been eliminated in
consolidation.
Reclassifications
Certain amounts
in the accompanying consolidated financial statements have been
reclassified to conform to the consolidated financial statement
presentation as of and for the three and nine months ended
September 30, 2012.
Income
Taxes
The
Company’s effective tax rates for continuing operations were
30.7% and 24.1% for the nine months ended September 30, 2012
and 2011, respectively.
In October 2012, in
connection with the planned REIT Conversion, the Company changed
its method of depreciating and amortizing various data center
assets for tax purposes from its current methods to a method more
consistent with the characterization of such assets as real
property for REIT purposes. As a result of this decision, the
Company reclassified $69,909,000 of non-current deferred tax
liabilities to current deferred tax liabilities as of
September 30, 2012 associated with taxes that are expected to
be paid in the next 12 months. The change in depreciation and
amortization method also increased the Company’s taxable
income for 2012, resulting in an acceleration of the
Company’s usage of its operating and windfall employee equity
award net operating loss carryforwards. As a result of the tax
depreciation method change and the level of operating profits, the
Company utilized approximately $250,000,000 of net operating losses
for which a deferred tax asset had been previously recognized and
approximately $135,000,000 of windfall tax losses not previously
recognized. During the three months ended September 30, 2012,
the Company recorded excess income tax benefits of $60,977,000 from
stock-based compensation in its condensed consolidated balance
sheets.
Discontinued
Operations
Assets and
liabilities to be disposed of that meet all of the criteria to be
classified as held for sale as set forth in the accounting standard
for impairment or disposal of long-lived assets are reported at the
lower of their carrying amounts or fair values less costs to sell.
Assets are not depreciated or amortized while they are classified
as held for sale. Assets and liabilities he
and Significant Accounting Policies
Basis of
Presentation
The
accompanying unaudited condensed consolidated financial statements
have been prepared by Equinix, Inc. (“Equinix” or the
“Company”) and reflect all adjustments, consisting only
of normal recurring adjustments, which in the opinion of management
are necessary to fairly state the financial position and the
results of operations for the interim periods presented. The
condensed consolidated balance sheet data at December 31, 2011
has been derived from audited consolidated financial statements at
that date. The condensed consolidated financial statements have
been prepared in accordance with the regulations of the Securities
and Exchange Commission (“SEC”), but omit certain
information and footnote disclosures necessary to present the
statements in accordance with generally accepted accounting
principles in the United States of America. For further
information, refer to the Consolidated Financial Statements and
Notes thereto included in Equinix’s Form 10-K as filed with
the SEC on February 24, 2012. Results for the interim periods
are not necessarily indicative of results for the entire fiscal
year.
In September
2012, the Company announced that its board of directors approved a
plan to pursue conversion to a real estate investment trust
(“REIT”) (the “REIT Conversion”). The
Company plans to make a tax election for REIT status for the
taxable year beginning January 1, 2015.
Consolidation
The
accompanying unaudited condensed consolidated financial statements
include the accounts of Equinix and its subsidiaries, including the
operations of Asia Tone Limited (“Asia Tone”) from
July 4, 2012, ancotel GmbH (“ancotel”) from
July 3, 2012 and ALOG Data Centers do Brasil S.A.
(“ALOG”) from April 25, 2011. All significant
intercompany accounts and transactions have been eliminated in
consolidation.
Reclassifications
Certain amounts
in the accompanying consolidated financial statements have been
reclassified to conform to the consolidated financial statement
presentation as of and for the three and nine months ended
September 30, 2012.
Income
Taxes
The
Company’s effective tax rates for continuing operations were
30.7% and 24.1% for the nine months ended September 30, 2012
and 2011, respectively.
In October 2012, in
connection with the planned REIT Conversion, the Company changed
its method of depreciating and amortizing various data center
assets for tax purposes from its current methods to a method more
consistent with the characterization of such assets as real
property for REIT purposes. As a result of this decision, the
Company reclassified $69,909,000 of non-current deferred tax
liabilities to current deferred tax liabilities as of
September 30, 2012 associated with taxes that are expected to
be paid in the next 12 months. The change in depreciation and
amortization method also increased the Company’s taxable
income for 2012, resulting in an acceleration of the
Company’s usage of its operating and windfall employee equity
award net operating loss carryforwards. As a result of the tax
depreciation method change and the level of operating profits, the
Company utilized approximately $250,000,000 of net operating losses
for which a deferred tax asset had been previously recognized and
approximately $135,000,000 of windfall tax losses not previously
recognized. During the three months ended September 30, 2012,
the Company recorded excess income tax benefits of $60,977,000 from
stock-based compensation in its condensed consolidated balance
sheets.
Discontinued
Operations
Assets and
liabilities to be disposed of that meet all of the criteria to be
classified as held for sale as set forth in the accounting standard
for impairment or disposal of long-lived assets are reported at the
lower of their carrying amounts or fair values less costs to sell.
Assets are not depreciated or amortized while they are classified
as held for sale. Assets and liabilities he
Free historical financial statements for Equinix Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 55 quarters since 2011. Compare with EQIX stock chart to see long term trends.
Data imported from Equinix Inc. SEC filings. Check original filings before making any investment decision.