Company name:
Equinix Inc
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IPO SHARE PRICE:$12.00
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IPO DATE:11 August 2000
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TICKER:EQIX
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:One Lagoon Drive Redwood City California 94065
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Equinix Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
5.9%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
9.7%
5.9% —
Cash and cash equivalents
2.5% —
Accounts Receivable
1.2% —
Other short-term assets
0.0% —
Short-term passive investments
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$1,412,517 | $606,166 | $1,869,577 | $1,604,869 | |||||||||||
| Short-term passive investments | 28,271 | 4,540 | 10,362 | 4,532 | |||||||||||
| Restricted cash and cash equivalents | - | - | - | - | |||||||||||
| Accounts Receivable | 576,313 | 630,119 | 689,134 | 676,738 | |||||||||||
| Assets held for sale | - | - | 663 | - | |||||||||||
| Deferred tax assets | - | - | - | - | |||||||||||
| Prepaid expenses and other current assets | - | - | - | - | |||||||||||
| Other short-term assets | 232,027 | 274,857 | 303,543 | 323,016 | |||||||||||
| Total current assets | $2,249,128 | $1,515,682 | $2,872,616 | $2,609,155 |
53.7%
5.5%
8.0%
20.3%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
90.3%
53.7% —
Property plant and equipment net
20.3% —
Goodwill
8.0% —
Intangible assets
5.5% —
Operating lease - right-of-use assets
2.9% —
Other assets non-current
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| Long-term restricted cash | - | - | - | - | |||||||||||
| Long-term passive investments | 9,243 | - | - | - | |||||||||||
| Property plant and equipment net | 9,394,602 | 11,026,020 | 12,152,597 | 14,503,084 | |||||||||||
| Property and equipment net | - | - | - | - | |||||||||||
| Operating lease - right-of-use assets | - | - | 1,475,367 | 1,475,057 | |||||||||||
| Deferred tax assets | - | - | - | - | |||||||||||
| Debt issuance costs | - | - | - | - | |||||||||||
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Intangible assets
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2,384,972 | 2,333,296 | 2,102,389 | 2,170,945 | |||||||||||
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Goodwill
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4,411,762 | 4,836,388 | 4,781,858 | 5,472,553 | |||||||||||
| Other assets non-current | - | - | 580,788 | 776,047 | |||||||||||
| Other non-current assets | 241,750 | 533,252 | 580,788 | - | |||||||||||
| Total non-current assets | 16,442,329 | 18,728,956 | 21,092,999 | 24,397,686 |
| Total assets | $18,691,457 | $20,244,638 | $23,965,615 | $27,006,841 |
3.1%
3.5%
4.8%
4.8%
6.6%
33.4%
6.5%
55.6%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
7.5%
3.1% —
Accounts payable and accrued expenses
1.3% —
Other current liabilities
1.1% —
Accrued property plant and equipment
0.6% —
Current portion of Operating leases
0.6% —
Senior notes
0.5% —
Current portion of Finance leases
0.3% —
Mortgage and loan payable
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| Mortgage and loan payable | $64,491 | $73,129 | $77,603 | $82,289 | |||||||||||
| Loan payable | - | - | - | - | |||||||||||
| Accounts payable and accrued expenses | 719,257 | 756,692 | 760,718 | 844,862 | |||||||||||
| Accrued property plant and equipment | 220,367 | 179,412 | 301,535 | 301,155 | |||||||||||
| Accrued property and equipment | - | - | - | - | |||||||||||
| Accrued restructuring charges | - | - | - | - | |||||||||||
| Senior notes | - | 300,999 | 643,224 | 150,186 | |||||||||||
| Convertible debt | - | - | - | - | |||||||||||
| Current portion of capital lease and financing obligations | 78,705 | - | - | - | |||||||||||
| Current portion of Operating leases | - | - | 145,606 | 154,207 | |||||||||||
| Current portion of Finance leases | - | 77,844 | 75,239 | 137,683 | |||||||||||
| Liabilities associated with assets held for sale | - | - | - | - | |||||||||||
| Other current liabilities | 159,914 | 126,995 | 153,938 | 354,368 | |||||||||||
| Total current liabilities | $1,242,734 | $1,515,071 | $2,157,863 | $2,024,750 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
53.1%
33.4% —
Senior notes
6.6% —
Finance leases
4.8% —
Operating leases
4.8% —
Mortgage and loan payable
3.5% —
Other non-current liabilities
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| Accrued restructuring charges | - | - | - | - | |||||||||||
| Mortgage and loan payable | 1,393,118 | 1,310,663 | 1,289,434 | 1,287,254 | |||||||||||
| Loan payable | - | - | - | - | |||||||||||
| Deferred tax liability | - | - | - | - | |||||||||||
| Deferred rent and other liabilities | - | - | - | - | |||||||||||
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Senior notes
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6,923,849 | 8,128,785 | 8,309,673 | 9,018,277 | |||||||||||
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Convertible debt
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- | - | - | - | |||||||||||
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Capital lease and financing obligations
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1,620,256 | - | - | - | |||||||||||
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Operating leases
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- | - | 1,315,656 | 1,308,627 | |||||||||||
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Finance leases
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- | 1,441,077 | 1,430,882 | 1,784,816 | |||||||||||
| Other non-current liabilities | 661,710 | 629,763 | 621,725 | 948,999 | |||||||||||
| Total long-term liabilities | $10,598,933 | $11,510,288 | $12,967,370 | $14,347,973 |
| Total Liabilities | $11,841,667 | $13,025,359 | $15,125,233 | $16,372,723 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
39.4%
55.6% —
Additional paid-in capital
6.5% —
Retained earnings
0.0% —
Non-controlling interest
0.0% —
Common stock
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Redeemable non-controlling interest
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| Non-controlling interest | - | - | (224) | 130 | |||||||||||
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Preferred Stock
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- | - | - | - | |||||||||||
| Common stock attributable to Company | - | - | 86 | - | |||||||||||
| Common stock | 79 | 81 | 86 | 89 | |||||||||||
| Treasury Stock | - | - | (144,256) | - | |||||||||||
| Treasury Stock at cost | (146,320) | (145,161) | (144,256) | (122,118) | |||||||||||
| Retained earnings | 252,689 | 889,948 | 1,391,425 | 1,760,302 | |||||||||||
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Accumulated deficit
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- | - | - | - | |||||||||||
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Additional paid-in capital
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10,121,323 | 10,751,313 | 12,696,433 | 15,028,357 | |||||||||||
| Accumulated dividends | (2,592,792) | (3,331,200) | (4,168,469) | (5,119,274) | |||||||||||
| Accumulated other comprehensive (loss) income | - | - | - | - | |||||||||||
| Accumulated other comprehensive loss | (785,189) | (945,702) | (934,613) | (913,368) | |||||||||||
| Total Equity attributable to Company | - | 7,219,279 | 8,840,606 | 10,633,988 | |||||||||||
| Total Equity | $6,849,790 | $7,219,279 | $8,840,382 | $10,634,118 |
| Total Liabilities and Equity | $18,691,457 | $20,244,638 | $23,965,615 | $27,006,841 |