Equinix Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,071	815	969	705	500.19	369.78
Depreciation & Amortization	2,021	2,015	1,852	1,742	1,663	1,430
Other Amortization	20	20	19	18	17.14	15.74
Gain (Loss) on Sale of Assets	-1	-18	-5	4	-10.85	-1.3
Asset Writedown	238	233	-	-	-	7.31
Stock-Based Compensation	484	462	407	404	363.77	294.95
Change in Accounts Receivable	-	27	-150	-154	-1.87	25.41
Change in Accounts Payable	144	95	161	114	64.6	25.8
Change in Other Net Operating Assets	-156	-453	-92	73	-178.86	3.6
Other Operating Activities	-8	41	37	58	136.86	156.41
Operating Cash Flow	3,748	3,249	3,217	2,963	2,547	2,310
Operating Cash Flow Growth	14.72%	1.00%	8.57%	16.32%	10.28%	15.91%
Acquisition of Real Estate Assets	-4,303	-3,403	-3,165	-2,526	-2,953	-2,483
Sale of Real Estate Assets	-	247	77	250	208.59	334.4
Net Sale / Acq. of Real Estate Assets	-4,303	-3,156	-3,088	-2,276	-2,745	-2,148
Cash Acquisition	-182	-	-	-964	-158.5	-1,180
Investment in Marketable & Equity Securities	-479	-618	-136	-123	-103.48	-98.41
Other Investing Activities	206	98	-	-	-	-
Investing Cash Flow	-4,885	-3,937	-3,224	-3,363	-3,007	-3,427
Long-Term Debt Issued	-	2,768	902	1,871	3,879	5,182
Long-Term Debt Repaid	-	-1,147	-155	-722	-2,873	-5,309
Net Debt Issued (Repaid)	1,453	1,621	747	1,149	1,005	-126.1
Issuance of Common Stock	890	1,764	821	878	575.5	2,043
Common Dividends Paid	-1,808	-1,643	-1,375	-1,152	-1,043	-947.93
Other Financing Activities	-10	-19	18	-18	-124.29	-153.94
Foreign Exchange Rate Adjustments	1	-49	-16	-98	-30.47	40.7
Net Cash Flow	-611	986	188	359	-76.24	-260.92
Cash Interest Paid	497	486	445	412	426.44	498.41
Cash Income Tax Paid	185	185	153	140	134.41	143.93
Levered Free Cash Flow	3,822	2,281	3,231	2,927	1,658	2,241
Unlevered Free Cash Flow	4,147	2,517	3,449	3,118	1,851	2,480
Change in Working Capital	-98	-340	-77	25	-132.73	32.17

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.