Equinix (EQIX) FY2021 results: revenue $6.6 billion, up 10.6% on the year
Equinix Inc. (EQIX) reported revenue of $6.6 billion for fiscal 2021, the year ended 31 December 2021, up 10.6% on the year before. Net income was $500 million, up 35.3%, and diluted earnings per share $5.53. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$6.6 billion
+10.6% on the year
FY2014FY2021
Operating margin
16.7%
17.6% a year earlier
FY2014FY2021
Net income
$500 million
+35.3% on the year
FY2014FY2021
Diluted EPS
$5.53
+32.3% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,547
2,310
1,993
+10.3%
Capital expenditure
2,752
2,283
2,080
+20.5%
Free cash flow
-204
27.3
-86.8
Free cash flow margin
-3.1%
0.5%
-1.6%
Cash from investing
-3,007
-3,427
-1,945
Cash from financing
414
816
1,202
-49.3%
Depreciation and amortisation
1,656
1,423
1,285
+16.4%
Share-based compensation
364
295
237
+23.3%
Dividends paid
1,043
948
836
+10.0%
Dividend per share
$11.48
$10.64
$9.84
+7.9%
Diluted shares, weighted
90m
88m
85m
+2.3%
Shares outstanding at period end
91m
89m
85m
+1.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,882
10,634
8,841
+2.3%
Non-controlling interest
-0.3
0.1
-0.2
Debt
11,722
10,634
10,401
+10.2%
Operating lease liabilities
1,107
1,309
1,316
-15.4%
Finance lease liabilities
1,990
1,785
1,431
+11.5%
Other liabilities
2,218
2,645
1,978
-16.2%
Total liabilities and equity
27,919
27,007
23,966
+3.4%
Fixed assets
15,446
14,503
12,153
+6.5%
Goodwill
5,372
5,473
4,782
-1.8%
Intangible assets
1,935
2,171
2,102
-10.9%
Investments
0.0
4.5
10.4
Cash and equivalents
1,536
1,605
1,870
-4.3%
Receivables
682
677
689
+0.7%
Other assets
2,947
2,574
2,360
+14.5%
Total assets
27,919
27,007
23,966
+3.4%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.