Equinix (EQIX) FY2022 results: revenue $7.3 billion, up 9.5% on the year
Equinix Inc. (EQIX) reported revenue of $7.3 billion for fiscal 2022, the year ended 31 December 2022, up 9.5% on the year before. Net income was $704 million, up 40.8%, and diluted earnings per share $7.67. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$7.3 billion
+9.5% on the year
FY2015FY2022
Operating margin
16.5%
16.7% a year earlier
FY2015FY2022
Net income
$704 million
+40.8% on the year
FY2015FY2022
Diluted EPS
$7.67
+38.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,963
2,547
2,310
+16.3%
Capital expenditure
2,278
2,752
2,283
-17.2%
Free cash flow
685
-204
27.3
Free cash flow margin
9.4%
-3.1%
0.5%
Cash from investing
-3,363
-3,007
-3,427
Cash from financing
857
414
816
+107.1%
Depreciation and amortisation
1,736
1,656
1,423
+4.8%
Share-based compensation
404
364
295
+11.1%
Dividends paid
1,151
1,043
948
+10.4%
Dividend per share
$12.40
$11.48
$10.64
+8.0%
Diluted shares, weighted
92m
90m
88m
+1.6%
Shares outstanding at period end
93m
91m
89m
+2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
11,506
10,882
10,634
+5.7%
Non-controlling interest
-0.1
-0.3
0.1
Debt
12,881
11,722
10,634
+9.9%
Operating lease liabilities
1,273
1,107
1,309
+15.0%
Finance lease liabilities
2,144
1,990
1,785
+7.7%
Other liabilities
2,508
2,218
2,645
+13.1%
Total liabilities and equity
30,311
27,919
27,007
+8.6%
Fixed assets
16,650
15,446
14,503
+7.8%
Goodwill
5,654
5,372
5,473
+5.3%
Intangible assets
1,898
1,935
2,171
-1.9%
Investments
n/a
0.0
4.5
Cash and equivalents
1,906
1,536
1,605
+24.1%
Receivables
855
682
677
+25.5%
Other assets
3,348
2,947
2,574
+13.6%
Total assets
30,311
27,919
27,007
+8.6%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.