EQIX - NASDAQ

Equinix, Inc.

EQIX·NASDAQ

$1.08K

+0.73%

Real EstateREIT - Specialty

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$106.48B

EPS13.7900

P/E Ratio78.29

Earnings Date07/29/2026

3.91B

Operating Cash Flow

20%

3Y+32.0%

5Y+69.0%

10Y+284.0%

-6.48B

Investing Cash Flow

65%

3Y+93.0%

5Y+89.0%

10Y+217.0%

1.27B

Financing Cash Flow

-26%

3Y+48.0%

5Y+56.0%

10Y-242.0%

Equinix, Inc. Cash Conversion Engine

EQIX · NASDAQ

FCF Components

Net Income1.35B

Depreciation & Amortization2.07B

Stock-Based Compensation498.00M

Change in Working Capital-101.00M

Others100.00M

Capital Expenditures-4.31B

Free Cash Flow-400.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-29.7%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

110.2%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-318.6%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$101.00M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

Equinix, Inc. Cash Flow Statement

EQIX • NASDAQ

Equinix, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	1.3B	814M	969.2M	704.6M	499.7M	370.1M	507.2M	365.4M	233M	126.8M	187.8M	-260.7M	96.1M	147.8M	92.6M	36.9M	69.4M	131.5M	-5.2M	-6.4M
Depreciation & Amortization	2.1B	2B	1.8B	1.7B	1.7B	1.4B	1.3B	1.2B	1B	837.2M	528.9M	484.1M	431M	401.9M	352.7M	260.2M	173.5M	158.9M	103.3M	72.8M
Change in Deferred Taxes	0.0	0.0	0.0	0.0	104.3M	151.8M	24.3M	45.4M	65.8M	-6.9M	259K	137.4M	81.2M	-69.4M	9.5M	6.1M	28M	-111.1M	-46.6M	-39.3M
Stock-Based Compensation	498M	462M	407.5M	404M	363.8M	295M	236.5M	180.7M	175.5M	155.6M	132.4M	118M	102.9M	84.2M	71.5M	67.5M	53.1M	55.1M	42.7M	30.8M
Other Non-Cash Items	100M	304M	71.5M	88.8M	51.6M	33.8M	32.7M	41.3M	32.4M	39.7M	34.2M	43.2M	37.9M	30M	36M	46.2M	-9.9M	123.3M	46.3M	34.8M
Cash Taxes Paid	(207M)	(185M)	(153M)	(140.3M)	(134.4M)	(143.9M)	(136.6M)	(93.4M)	(72.6M)	(39.3M)	(132.3M)	(117.2M)	(123.7M)	-36.7M	-9.2M	(11M)	(9.3M)	(98K)	(242K)	(0.0)
Change in Working Capital	-101M	-340M	-75.3M	26.5M	-132.7M	32.2M	-93.3M	-44M	-96.3M	-133M	11.2M	167.4M	-144.5M	37.6M	24.9M	-23.9M	41.4M	-90.2M	-20.5M	-17.2M
Cash from Operating Activities	3.9B	3.2B	3.2B	3B	2.5B	2.3B	2B	1.8B	1.4B	1B	894.8M	689.4M	604.6M	632M	587.3M	392.9M	355.5M	267.6M	120M	75.4M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	(0.0)	(0.0)	-2.8B	-2.3B	-2.8B	-2.3B	-2.1B	-2.1B	-1.4B	-1.1B	-868.1M	-660.2M	-572.4M	-764.5M	-713.4M	-594.3M	-369.5M	-471.1M	-537.3M	-162.3M
Acquisitions, Net	-251M	(0.0)	(0.0)	-964M	-158.5M	-1.2B	-34.1M	-829.7M	-4B	-1.8B	-245.6M	-16.8M	-122.8M	-233M	-42M	-113.3M	-28.2M	-23.2M	-541.8M	-9.8M
Purchase of Investments	-2B	-520M	-135.9M	-144.6M	-107.5M	-127.8M	-20.5M	-65.2M	-57.9M	-42.3M	-359M	-546M	-969M	-442.9M	-1.3B	-744.8M	-172.7M	-240.6M	-114.3M	-88.4M
Sale/Maturity of Investments	1B	0.0	0.0	22.1M	4.1M	29.4M	40.4M	85.8M	46.4M	53.2M	873.1M	785.5M	489.8M	942.1M	621.5M	107.9M	207M	246M	96.2M	84.9M
Other Investing Items	-5.2B	-3.4B	-307.5M	1.6M	6.7M	134.2M	149.2M	-170.3M	-47.3M	823.5M	-535.4M	1.6M	5M	55.4M	-96.7M	743.5M	-194.8M	2.2M	42.5M	17.1M
Cash from Investing Activities	-6.5B	-3.9B	-3.2B	-3.4B	-3B	-3.4B	-1.9B	-3.1B	-5.4B	-2B	-1.1B	-435.8M	-1.2B	-442.9M	-1.5B	-601M	-558.2M	-486.7M	-1.1B	-158.5M
FINANCING ACTIVITIES
Net Issuance of Common Stock	194M	1.7B	733.7M	796M	497.9M	2B	1.7B	388.2M	2.5B	34.2M	829.5M	-298M	-48.8M	-13.4M	-86.7M	0.0	0.0	0.0	339.9M	38.8M
Net Issuance of Debt	3B	1.6B	747M	1.1B	1B	-126.1M	391.9M	803.3M	2.8B	-409M	1.6B	807.8M	685.4M	-328.9M	812.1M	297.4M	346.8M	119.2M	791M	7.4M
Cash Paid for Dividends	-1.9B	-1.6B	-1.4B	-1.2B	-1B	-947.9M	-836.2M	-738.6M	-621.5M	-499.5M	-521.5M	-83.3M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Share Repurchases	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-298M	-48.8M	-13.4M	-86.7M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	-22M	72M	104.9M	63.8M	-124.3M	-153.9M	-66.7M	18.1M	-66.4M	-22.8M	-18.1M	-348.5M	-61.7M	119.5M	23.3M	12.2M	-23.2M	25.9M	14.1M	692K
Cash from Financing Activities	1.3B	1.7B	211.4M	856.8M	413.8M	815.5M	1.2B	470.9M	4.6B	-897.1M	1.9B	107.4M	574.9M	-222.7M	748.7M	309.7M	323.6M	143.7M	1.1B	46.1M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	43M	-49M	-15.6M	-98.2M	-30.5M	40.7M	8.8M	-33.9M	31.2M	-21.8M	-15.1M	-12M	-521K	7M	-911K	-4.8M	4.9M	5.1M	-2.2M	247K
Net Change in Cash	-1.3B	986M	188.1M	358.8M	-76.2M	-260.9M	1.3B	-823.1M	677.5M	-1.9B	1.6B	349M	9.7M	-26.6M	-164M	96.8M	125.8M	-70.4M	208.1M	-36.7M
Cash at Beginning of Period	3.1B	2.1B	1.9B	1.5B	1.6B	1.9B	627.6M	1.5B	773.2M	2.7B	610.9M	261.9M	252.2M	278.8M	442.8M	346.1M	220.2M	290.6M	82.6M	119.3M
Cash at End of Period	1.8B	3.1B	2.1B	1.9B	1.5B	1.6B	1.9B	627.6M	1.5B	773.2M	2.2B	610.9M	261.9M	252.2M	278.8M	442.8M	346.1M	220.2M	290.6M	82.6M
Free Cash Flow	-400M	183M	435.6M	685.2M	-204.3M	27.3M	-86.8M	-280.7M	60.5M	-94M	26.7M	29.2M	32.2M	-132.5M	-126.1M	-201.4M	-14.1M	-203.6M	-417.3M	-86.9M

SEC Filings

EQIX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 15, 2026	May 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 11, 2026	May 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	April 02, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 10, 2026	March 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 05, 2026	March 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 27, 2026	February 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 16, 2026	2026	View Filing

Showing 1 to 10 of 594 filings

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