Exhibit 12.1
Equinix, Inc.
Computation of Consolidated Ratio of Earnings to Fixed Charges
(in thousands)
| Year ended December 31, | Nine months ended September 30, | |||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 103,800 | $ | 40,924 | $ | 129,720 | $ | 188,622 | $ | 112,279 | $ | 136,511 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | 74,232 | 140,475 | 181,303 | 200,328 | 248,792 | 199,450 | ||||||||||||||||||
Amortization of capitalized interest | 1,936 | 2,186 | 2,771 | 3,851 | 4,858 | 4,153 | ||||||||||||||||||
Interest factor on operating leases | 18,408 | 29,631 | 33,536 | 34,001 | 33,811 | 23,455 | ||||||||||||||||||
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Subtotal | 94,576 | 172,292 | 217,610 | 238,180 | 287,461 | 227,058 | ||||||||||||||||||
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Total Earnings | $ | 198,376 | $ | 213,216 | $ | 347,330 | $ | 426,802 | $ | 399,740 | $ | 363,569 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 74,232 | $ | 140,475 | $ | 181,303 | $ | 200,328 | $ | 248,792 | $ | 199,450 | ||||||||||||
Capitalized interest | 12,853 | 10,349 | 13,578 | 30,643 | 10,608 | 13,050 | ||||||||||||||||||
Interest factor on operating leases | 18,408 | 29,631 | 33,536 | 34,001 | 33,811 | 23,455 | ||||||||||||||||||
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Total Fixed Charges | $ | 105,493 | $ | 180,455 | $ | 228,417 | $ | 264,972 | $ | 293,211 | $ | 235,955 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 1.9x | 1.2x | 1.5x | 1.6x | 1.4x | 1.5x | ||||||||||||||||||
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