Equinix (EQIX) FY2015 results: revenue $2.7 billion, up 11.5% on the year
Equinix Inc. (EQIX) reported revenue of $2.7 billion for fiscal 2015, the year ended 31 December 2015, up 11.5% on the year before. Net income was $188 million, and diluted earnings per share $3.21. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$2.7 billion
+11.5% on the year
FY2008FY2015
Operating margin
20.8%
20.8% a year earlier
FY2008FY2015
Net income
$188 million
FY2008FY2015
Diluted EPS
$3.21
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,726
2,444
2,153
+11.5%
Cost of revenue
1,292
1,198
1,064
+7.8%
Gross profit
1,434
1,246
1,088
+15.1%
Gross margin
52.6%
51.0%
50.6%
Operating income
567
509
461
+11.4%
Operating margin
20.8%
20.8%
21.4%
Interest expense
299
271
249
+10.5%
Pre-tax income
211
84.7
112
+149.0%
Income tax
23.2
345
16.2
-93.3%
Effective tax rate
11.0%
407.7%
14.4%
Net income
188
-260
94.7
Net margin
6.9%
-10.6%
4.4%
Diluted EPS
$3.21
-$4.96
$1.89
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
895
709
605
+26.2%
Capital expenditure
868
660
572
+31.5%
Free cash flow
26.7
48.8
32.2
-45.3%
Free cash flow margin
1.0%
2.0%
1.5%
Cash from investing
-638
-437
-1,169
Cash from financing
1,873
87.8
575
+2,033.0%
Depreciation and amortisation
526
482
433
+9.1%
Share-based compensation
132
118
103
+12.2%
Buybacks
0.0
298
48.8
Dividends paid
521
83.3
n/a
+526.3%
Dividend per share
$17.71
n/a
n/a
Diluted shares, weighted
58m
52m
50m
+11.7%
Shares outstanding at period end
62m
56m
50m
+10.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
2,745
2,270
2,459
+20.9%
Debt
5,246
3,504
3,273
+49.7%
Other liabilities
2,366
2,008
1,760
+17.8%
Total liabilities and equity
10,357
7,782
7,492
+33.1%
Fixed assets
5,606
4,998
4,592
+12.2%
Goodwill
1,063
1,002
1,042
+6.1%
Intangible assets
225
148
184
+52.2%
Investments
17.5
530
768
-96.7%
Cash and equivalents
2,229
611
262
+264.8%
Receivables
292
263
185
+11.2%
Other assets
924
231
459
+300.6%
Total assets
10,357
7,782
7,492
+33.1%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.