Equinix (EQIX) 10-Q 31 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-31293
Entity Registrant Name	EQUINIX, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0487526
Entity Address, Address Line One	One Lagoon Drive
Entity Address, City or Town	Redwood City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94065
City Area Code	650
Local Phone Number	598-6000
Title of 12(b) Security	Common Stock, $0.001
Trading Symbol	EQIX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		88,557,118
Entity Central Index Key	0001101239
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 4,785,050	$ 1,869,577
Short-term investments	22,069	10,362
Accounts receivable, net of allowance for doubtful accounts of $20,903 and $13,026	691,589	689,134
Other current assets	330,521	302,880
Assets held for sale	152,188	663
Total current assets	5,981,417	2,872,616
Property, plant and equipment, net	12,663,827	12,152,597
Operating lease right-of-use assets	1,396,101	1,475,367
Goodwill	5,016,350	4,781,858
Intangible assets, net	2,074,689	2,102,389
Other assets	660,246	580,788
Total assets	27,792,630	23,965,615
Current liabilities:
Accounts payable and accrued expenses	745,517	760,718
Accrued property, plant and equipment	335,013	301,535
Current portion of operating lease liabilities	139,833	145,606
Current portion of finance lease liabilities	102,416	75,239
Current portion of mortgage and loans payable	75,589	77,603
Current portion of senior notes	2,227,768	643,224
Other current liabilities	229,635	153,938
Total current liabilities	3,855,771	2,157,863
Operating lease liabilities, less current portion	1,243,362	1,315,656
Finance lease liabilities, less current portion	1,658,432	1,430,882
Mortgage and loans payable, less current portion	1,218,049	1,289,434
Senior notes, less current portion	8,804,633	8,309,673
Other liabilities	624,125	621,725
Total liabilities	17,404,372	15,125,233
Commitments and contingencies (Note 11)
Equinix stockholders' equity
Common stock, $0.001 par value per share: 300,000,000 shares authorized; 88,890,679 issued and 88,549,394 outstanding in 2020 and 85,700,953 issued and 85,308,386 outstanding in 2019	89	86
Additional paid-in capital	14,651,944	12,696,433
Treasury stock, at cost; 341,285 shares in 2020 and 392,567 shares in 2019	(127,042)	(144,256)
Accumulated dividends	(4,639,041)	(4,168,469)
Accumulated other comprehensive loss	(1,140,291)	(934,613)
Retained earnings	1,642,621	1,391,425
Total Equinix stockholders' equity	10,388,280	8,840,606
Non-controlling interests	(22)	(224)
Total stockholders' equity	10,388,258	8,840,382
Total liabilities and stockholders' equity	$ 27,792,630	$ 23,965,615

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 20,903	$ 13,026
Common stock, par value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	88,890,679	85,700,953
Common stock, shares outstanding (in shares)	88,549,394	85,308,386
Treasury stock, at cost (shares)	341,285	392,567

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 1,470,121	$ 1,384,977	$ 2,914,663	$ 2,748,195
Costs and operating expenses:
Cost of revenues	739,344	698,179	1,475,626	1,380,209
Sales and marketing	178,124	159,201	358,574	328,916
General and administrative	256,890	232,656	518,487	447,702
Transaction costs	13,617	2,774	25,147	5,245
Impairment charges	0	386	0	14,834
(Gain) loss on asset sales	(342)	0	857	0
Total costs and operating expenses	1,187,633	1,093,196	2,378,691	2,176,906
Income from operations	282,488	291,781	535,972	571,289
Interest income	1,685	7,762	5,958	11,964
Interest expense	(108,480)	(120,547)	(215,818)	(243,393)
Other income	4,278	12,180	9,448	12,014
Loss on debt extinguishment	(1,868)	0	(8,309)	(382)
Income before income taxes	178,103	191,176	327,251	351,492
Income tax expense	(44,753)	(47,324)	(74,944)	(89,893)
Net income	133,350	143,852	252,307	261,599
Net (income) loss attributable to non-controlling interests	(46)	(325)	(211)	6
Net income attributable to Equinix	$ 133,304	$ 143,527	$ 252,096	$ 261,605
Earnings per share (EPS) attributable to Equinix:
Basic EPS (in dollars per share)	$ 1.53	$ 1.70	$ 2.92	$ 3.15
Weighted-average shares for basic EPS (in shares)	87,303	84,399	86,427	83,114
Diluted EPS (in dollars per share)	$ 1.52	$ 1.69	$ 2.90	$ 3.13
Weighted-average shares for diluted EPS (in shares)	87,901	84,767	87,065	83,471

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 133,350	$ 143,852	$ 252,307	$ 261,599
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment (CTA) gain (loss), net of tax effects of $0, $(585), $0 and $(595)	181,286	25,127	(232,506)	(56,592)
Net investment hedge CTA gain (loss), net of tax effect of $0, $0, $0, and $10	(97,058)	(37,857)	47,888	38,993
Unrealized gain (loss) on cash flow hedges, net of tax effects of $4,772, $650, $(1,595) and $(2,091)	(17,868)	(3,355)	(21,124)	4,869
Net actuarial gain (loss) on defined benefit plans, net of tax effects of $(6), $2, $3 and $1	20	(7)	55	(18)
Total other comprehensive income (loss), net of tax	66,380	(16,092)	(205,687)	(12,748)
Comprehensive income, net of tax	199,730	127,760	46,620	248,851
Net (income) loss attributable to non-controlling interests	(46)	(325)	(211)	6
Other comprehensive (income) loss attributable to non-controlling interests	(2)	14	9	7
Comprehensive income attributable to Equinix	$ 199,682	$ 127,449	$ 46,418	$ 248,864

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment (CTA) gain (loss), tax	$ 0	$ (585)	$ 0	$ (595)
Unrealized gain (loss) on cash flow hedges, tax	4,772	650	(1,595)	(2,091)
Net investment hedge CTA gain (loss) tax effect	0	0	0	10
Net actuarial gain on defined benefit plans, tax	$ (6)	$ 2	$ 3	$ 1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 252,307	$ 261,599
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	586,609	533,650
Stock-based compensation	140,343	110,542
Amortization of intangible assets	97,853	98,752
Amortization of debt issuance costs and debt discounts and premiums	7,904	6,233
Provision for allowance for doubtful accounts	11,496	7,097
Impairment charges	0	14,834
Loss on asset sales	857	0
Loss on debt extinguishment	8,309	382
Other items	10,654	8,725
Changes in operating assets and liabilities:
Accounts receivable	(14,233)	(126,720)
Income taxes, net	11,861	30,662
Other assets	(60,019)	(5,724)
Operating lease right-of-use assets	76,292	78,483
Operating lease liabilities	(72,091)	(73,805)
Accounts payable and accrued expenses	(25,564)	(3,987)
Other liabilities	58,938	23,341
Net cash provided by operating activities	1,091,516	964,064
Cash flows from investing activities:
Purchases of investments	(52,415)	(20,787)
Sales of investments	12,134	8,945
Business acquisitions, net of cash and restricted cash acquired	(478,248)	(34,143)
Purchases of real estate	(82,567)	(47,436)
Purchases of other property, plant and equipment	(882,889)	(808,138)
Net cash used in investing activities	(1,483,985)	(901,559)
Cash flows from financing activities:
Proceeds from employee equity awards	30,391	27,593
Payment of dividends and special distribution	(469,487)	(413,052)
Proceeds from public offering of common stock, net of issuance costs	1,784,898	1,561,555
Proceeds from senior notes, net of debt discounts	2,585,736	0
Proceeds from mortgage and loans payable	750,790	0
Repayments of finance lease liabilities	(42,681)	(43,112)
Repayments of mortgage and loans payable	(789,178)	(36,212)
Repayment of senior notes	(493,711)	(150,000)
Debt extinguishment costs	(4,619)	0
Debt issuance costs	(26,266)	0
Net cash provided by financing activities	3,325,873	946,772
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(12,876)	411
Net increase in cash, cash equivalents and restricted cash	2,920,528	1,009,688
Cash, cash equivalents and restricted cash at beginning of period	1,886,613	627,604
Cash, cash equivalents and restricted cash at end of period	4,807,141	1,637,292
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 4,807,141	$ 1,637,292

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by Equinix, Inc. ("Equinix" or the "Company") and reflect all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary to fairly state the financial position and the results of operations for the interim periods presented. The condensed consolidated balance sheet data as of December 31, 2019 has been derived from audited consolidated financial statements as of that date. The condensed consolidated financial statements have been prepared in accordance with the regulations of the Securities and Exchange Commission ("SEC"), but omit certain information and footnote disclosure necessary to present the statements in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). For further information, refer to the Consolidated Financial Statements and Notes thereto included in Equinix's Form 10-K as filed with the SEC on February 21, 2020. Results for the interim periods are not necessarily indicative of results for the entire fiscal year. Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of Equinix and its subsidiaries, including the acquisitions of Packet Host, Inc. from March 2, 2020, three data centers in Mexico acquired from Axtel S.A.B. de C.V from January 8, 2020, and Switch Datacenters' AMS1 data center business in Amsterdam, Netherlands from April 18, 2019. All intercompany accounts and transactions have been eliminated in consolidation. Income Taxes The Company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with its 2015 taxable year. As a result, the Company may deduct the distributions made to its stockholders from taxable income generated by the Company and its qualified REIT subsidiaries ("QRSs"). The Company's dividends paid deduction generally eliminates the U.S. federal taxable income of the Company and its QRSs, resulting in no U.S. federal income tax due. However, the Company's domestic taxable REIT subsidiaries ("TRSs") are subject to U.S. corporate income taxes on any taxable income generated by them. In addition, the foreign operations of the Company are subject to local income taxes regardless of whether the foreign operations are operated as QRSs or TRSs. The Company provides for income taxes during interim periods based on the estimated effective tax rate for the year. The effective tax rate is subject to change in the future due to various factors such as the operating performance of the Company, tax law changes and future business acquisitions. The Company's effective tax rates were 22.9% and 25.6% for the six months ended June 30, 2020 and 2019 , respectively. Coronavirus (COVID-19) Update In December 2019, a novel strain of coronavirus, referred to as Coronavirus disease 2019, or COVID-19, emerged. On February 29, 2020, the World Health Organization ("WHO") raised the COVID-19 threat from high to very high, and on March 11, 2020, the WHO characterized COVID-19 as a global pandemic. During the six months ended June 30, 2020, the COVID-19 pandemic did not have a material impact on the Company’s financial statements. The Company recorded an insignificant amount of revenue reserve related to COVID-19 and experienced some decline in non-recurring revenue from Smart Hands services, as the Company waived fees from affected customers in certain circumstances. The Company has seen a modest but mixed impact from COVID-19 to its operating costs. The Company incurred one-time cash bonuses and compensation expense of $8.6 million for its IBX employees and other employees to support their work-from-home requirements. Additionally, the Company increased its allowance for doubtful accounts for accounts receivable by $6.3 million during the six months ended June 30, 2020. This is partially offset by lower travel expenses due to travel restrictions imposed due to COVID-19. The Company evaluated its goodwill, long-lived assets, including property, plant and equipment, lease right-of-use assets and intangible assets, noting no indicators of impairment. The impact that COVID-19 will have on the Company's consolidated financial statements throughout 2020 remains uncertain and ultimately will be dictated by the length and severity of the pandemic, impact on customers and vendors, as well as the economic recovery and federal, state and local government actions taken in response. The Company will continue to evaluate the nature and extent of these potential impacts to its business and consolidated financial statements. Recent Accounting Pronouncements Accounting Standards Not Yet Adopted In December 2019, Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Income Taxes ("Topic 740"): Simplifying the Accounting for Income T axes. The ASU simplifies accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The ASU also improves consistent application of and simplifies generally accepted accounting principles ("GAAP") for other areas of Topic 740 by clarifying and amending existing guidance. For public entities, the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted including adoption in any interim period for periods for which financial statements have not yet been issued. The Company is currently evaluating the extent of the impact that the adoption of this standard will have on its condensed consolidated financial statements. Accounting Standards Adopted In March 2020, FASB issued ASU 2020-04, Reference Rate Reform ("Topic 848"): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company adopted the ASU upon its issuance and there was no impact on the Company's condensed consolidated financial statements for the six months ended June 30, 2020 as a result of adopting this standard. The Company will evaluate its debt, derivative and lease contracts that are eligible for modification relief and may apply the elections prospectively as needed. In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses ("Topic 326"): Measurement of Credit Losses on Financial Instruments. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU requires enhanced qualitative and quantitative disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization's portfolio. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted this new ASU on January 1, 2020 using the modified retrospective approach and recorded a net decrease to retained earnings of $0.9 million and a corresponding increase to allowance for doubtful accounts. The adoption did not have any significant impact on other financial assets within the scope of ASC 326, such as contract asset. Accounts Receivable Accounts receivables are recorded at invoice amount and are generally due in less than one year. Allowance for doubtful accounts are estimated losses resulting from the inability of customers making payments. An estimate of uncollectible amounts is made based on historical bad debts, age of customer receivable balances, customers' financial conditions, the impact of current and expected future economic conditions, inclusive of the effect of the COVID-19 pandemic on credit losses. The following table summarizes the activity of the Company's allowance for doubtful accounts (in thousands): Balance at December 31, 2019 $ 13,026 Adjustments due to adoption of ASU 2016-13 900 Provision for allowance for doubtful accounts (1) 11,496 Net write-offs and recoveries (4,519 ) Balance at June 30, 2020 $ 20,903 (1) During the six months ended June 30, 2020, the Company recorded a provision for allowance for doubtful accounts of $6.3 million

Revenue

Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Contract Balances The following table summarizes the opening and closing balances of the Company's accounts receivable, net; contract asset, current; contract asset, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net Contract asset, current Contract asset, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2020 $ 689,134 $ 10,033 $ 31,521 $ 76,193 $ 46,555 Closing balances as of June 30, 2020 691,589 10,688 47,194 84,709 48,140 Increase $ 2,455 $ 655 $ 15,673 $ 8,516 $ 1,585 The difference between the opening and closing balances of the Company's accounts receivable, net, contract assets and deferred revenues primarily results from revenue growth and the timing difference between the satisfaction of the Company's performance obligation and the customer's payment, as well as business combinations closed during the six months ended June 30, 2020 . The amounts of revenue recognized during the six months ended June 30, 2020 from the opening deferred revenue balance as of January 1, 2020 was $56.5 million . Remaining performance obligations As of June 30, 2020 , approximately $7.3 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods, the majority of which will be recognized over the next 24 months . While initial contract terms vary in length, substantially all contracts thereafter automatically renew in one-year increments. Included in the remaining performance obligations is either 1) remaining performance obligations under the initial contract terms or 2) remaining performance obligations related to contracts in the renewal period once the initial terms have lapsed. The remaining performance obligations do not include variable consideration related to unsatisfied performance obligations such as the usage of metered power, service fees from xScale TM data centers, which are calculated based on future events or actual costs incurred in the future, or any contracts that could be terminated without any significant penalties such as the majority of interconnection revenues. The remaining performance obligations above include revenues to be recognized in the future related to arrangements where the Company is considered the lessor.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income $ 133,350 $ 143,852 $ 252,307 $ 261,599 Net (income) loss attributable to non-controlling interests (46 ) (325 ) (211 ) 6 Net income attributable to Equinix $ 133,304 $ 143,527 $ 252,096 $ 261,605 Weighted-average shares used to calculate basic EPS 87,303 84,399 86,427 83,114 Effect of dilutive securities: Employee equity awards 598 368 638 357 Weighted-average shares used to calculate diluted EPS 87,901 84,767 87,065 83,471 EPS attributable to Equinix: Basic EPS $ 1.53 $ 1.70 $ 2.92 $ 3.15 Diluted EPS $ 1.52 $ 1.69 $ 2.90 $ 3.13 The Company has excluded common stock related to employee equity awards in the diluted EPS calculation above of approximately 31,000 shares and 4,000 shares for the three months ended June 30, 2020 and 2019 , respectively, and approximately 23,000 and 54,000 shares for the six months ended June 30, 2020 and 2019

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions 2020 Acquisitions On March 2, 2020, the Company acquired all outstanding shares and equity awards of Packet Host, Inc. (“Packet”), a leading bare metal automation platform for a total purchase consideration of approximately $290.3 million in cash. In addition, the Company paid $16.1 million in cash to accelerate the vesting of unvested Packet equity awards for certain Packet employees, which was recorded as stock-based compensation expense during the three months ended March 31, 2020. In connection with the acquisition, the Company also issued restricted stock awards with an aggregated fair value of $30.2 million and a three -year vesting period, which will be recognized as stock-based compensation costs over the vesting period. The acquisition, combined with the Company’s o wn organic bare metal service in development, is expected to accelerate Equinix's strategy to help enterprises deploy hybrid multicloud architectures on Equinix's data center platform. On January 8, 2020, the Company completed the acquisition of three data centers in Mexico from Axtel S.A.B. de C.V. (“Axtel”) for a total purchase consideration of approximately $189.0 million , including $175.0 million in cash and $14.0 million the Company paid to the seller for recoverable value-added taxes ("VAT") incurred prior to the acquisition, which related to a corresponding VAT receivable acquired upon acquisition. The acquisition supports the Company’s ongoing expansion to meet customer demand in the Americas region. Both acquisitions constitute a business under the accounting standard for business combinations and, therefore, were accounted for as business combinations using the acquisition method of accounting. Under the acquisition method of accounting, the total purchase price is allocated to the assets acquired and liabilities assumed measured at fair value on the date of acquisition. As of June 30, 2020 , the Company had not completed the detailed valuation analysis to derive the fair value of assets acquired and liabilities assumed from either acquisition, including property, plant and equipment, intangible assets and the related tax impacts; therefore, the purchase price allocation is based on provisional estimates and subject to continuing management analysis. During the three months ended June 30, 2020 , the Company updated the preliminary allocation of purchase price for the Packet acquisition from the provisional amounts reported as of March 31, 2020. The adjustments made during the three months ended June 30, 2020 primarily resulted in a decrease in intangible assets and an increase in goodwill of $5.9 million and $4.5 million , respectively. The changes in fair value of acquired assets and liabilities assumed did not have a significant impact on the Company's results of operations for any reporting periods prior to June 30, 2020. No purchase price allocation adjustments were made during the three months ended June 30, 2020 for the Axtel acquisition. A summary of the preliminary allocation of total purchase consideration is presented as follows (in thousands): Packet Axtel Cash and cash equivalents $ 1,068 $ — Accounts receivable 5,073 — Other current assets 117 14,048 Property, plant and equipment 27,945 76,407 Operating lease right-of-use assets 1,519 1,646 Intangible assets 62,700 22,750 Goodwill 227,602 78,902 Other assets 138 — Total assets acquired 326,162 193,753 Accounts payable and accrued liabilities (1,001 ) (238 ) Other current liabilities (860 ) — Operating lease liabilities (1,519 ) (1,586 ) Finance lease liabilities (27,945 ) — Other liabilities — (162 ) Deferred tax liabilities (4,539 ) (2,749 ) Net assets acquired $ 290,298 $ 189,018 The following table presents certain information on the acquired intangible assets (in thousands): Intangible Assets Fair Value Estimated Useful Lives (Years) Weighted-average Estimated Useful Lives (Years) Packet: Trade names $ 1,600 3.0 3.0 Existing technology 5,100 3.0 3.0 Customer relationships 56,000 10.0 10.0 Axtel: Customer relationships 22,750 15.0 15.0 The fair value of the Packet trade name was estimated using the relief from royalty method under the income approach. The Company applied a relief from royalty rate of 1.0% and a discount rate of 8.0% . The fair value of existing technology was estimated under the cost approach by projecting the cost to recreate a new asset with an equivalent utility of the existing technology. The key assumptions of the cost approach include total cost, time to recreate and functional obsolescence. The fair value of customer relationships acquired from Packet and Axtel was estimated by applying an income approach, by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue. The Company applied a discount rate of 8.0% for Packet and 13.3% for Axtel, which reflects the nature of the assets as they relate to the risk and uncertainty of the estimated future operating cash flows, as well as the risk of the country within which the acquired business operates. The fair value of property, plant and equipment was estimated by applying the cost approach, with the exception of land, which was estimated by applying the market approach. The key assumptions of the cost approach include replacement cost new, physical deterioration, functional and economic obsolescence, economic useful life, remaining useful life, age and effective age. Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired and liabilities assumed. Goodwill is attributable to the workforce of the acquired business and the projected revenue increase expected to arise from future customers after the Packet and Axtel acquisitions. Goodwill from both acquisitions is not amortizable for local tax purposes and is attributable to the Company's Americas region. The Company incurred transaction costs of approximately $10.5 million during the six months ended June 30, 2020 and an insignificant amount of transaction costs during the three months ended June 30, 2020 for both the Packet and Axtel acquisitions combined. The operating results of both acquisitions are report ed in the Americas region following the date of acquisition. During the three months ended June 30, 2020 , the Company's results of operations include $13.3 million of revenues and $7.0 million of net loss from operations from the combined operations of Packet and Axtel. During the six months ended June 30, 2020 , the Company's results of operations include $21.5 million of revenues and $20.3 million of net loss from operations from the combined operations of Packet and Axtel. The net loss was primarily attributable to the $16.1 million stock-based compensation expense incurred to accelerate the vesting of certain Packet employees’ unvested Packet equity awards at the close of the Packet acquisition. Pending Acquisition of Bell Data Centers (the "Bell Acquisition") On May 29, 2020, the Company entered into an agreement to purchase a portfolio of 13 data center sites across Canada from BCE Inc. ("Bell") for approximately $750.0 million in an all-cash transaction. The Bell Acquisition is expected to close in the fourth quarter of 2020, subject to customary closing conditions including regulatory approval. Upon the close of the acquisition, the operating results of the acquisition will be reported in the Americas region. 2019 Acquisition On April 18, 2019, the Company completed the acquisition of Switch Datacenters' AMS1 data center business in Amsterdam, Netherlands, for a cash purchase price of approximately €30.6 million or approximately $34.3 million

Assets Held for Sale

Assets Held for Sale	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale In April 2020, the Company entered into an agreement to form a second joint venture in the form of a limited liability partnership with GIC to develop and operate xScale TM data centers in Asia-Pacific (the “Asia-Pacific Joint Venture”). Upon closing, GIC will contribute cash in exchange for an 80% partnership interest in the Asia-Pacific Joint Venture. The Company has agreed to sell three development sites in Japan, Osaka 2, Tokyo 12, and Tokyo 14, to the Asia-Pacific Joint Venture in exchange for a 20% partnership interest in the Asia-Pacific Joint Venture and cash proceeds. The assets and liabilities of these data center facilities, which are currently included within the Company's Asia-Pacific operating segment, were classified as held for sale as of June 30, 2020. The transaction is expected to close in the fourth quarter of 2020, pending regulatory approval and other closing conditions. As of June 30, 2020 , $141.2 million of property, plant and equipment, $11.0 million of other current assets were classified as assets held for sale on the condensed consolidated balance sheet. In addition, $7.2 million

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments On October 8, 2019, the Company entered into a joint venture in the form of a limited liability partnership with GIC, Singapore's sovereign wealth fund (the "EMEA Joint Venture"), to develop and operate xScale data centers in Europe. xScale data centers are engineered to meet the technical and operational requirements and price points of core hyperscale workload deployments and also offer access to Equinix's comprehensive suite of interconnection and edge services. Upon closing, GIC contributed €152.6 million in cash, or $167.4 million at the exchange rate in effect on October 8, 2019, for an 80% partnership interest in the EMEA Joint Venture. Equinix sold certain xScale data center facilities to the EMEA Joint Venture in exchange for net cash proceeds of $351.8 million , as well as a 20% partnership interest in the EMEA Joint Venture with a fair value of $41.9 million . The Company accounts for its investments in the EMEA Joint Venture using the equity method of accounting, whereby the investments were recorded initially at fair value, which equals to the cost of the Company's initial equity contribution, and subsequently adjusted for cash contributions and the Company's share of the income and losses of the investees. During the three and six months ended June 30, 2020 , the Company made additional equity contributions of $7.6 million and $12.7 million to the EMEA Joint Venture, respectively. As of June 30, 2020 and December 31, 2019, the Company's equity method investments were $79.8 million and $59.7 million , respectively, and were included within other assets on the consolidated balance sheet. The Company's share of income and losses of equity method investments was not significant for the three and six months ended June 30, 2020 and was included in other income on the condensed consolidated statement of operations. As part of the sale of its xScale data center facilities to the EMEA Joint Venture, the Company also received a contingent consideration upon completion of certain performance milestones. The milestone payments are primarily contingent on the receipt of local regulatory approval for certain sites. The contingent consideration is considered a derivative and is remeasured at its fair value each reporting period using inputs such as probabilities of payment, discount rates, foreign currency forward rates and projected payment dates. The fair value measurements were based on significant inputs that are not observable in the market and thus represent Level 3 measurements. As of June 30, 2020 and December 31, 2019, the fair value of the contingent consideration was $39.3 million and $40.1 million

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivatives Designated as Hedging Instruments Net Investment Hedges. The Company is exposed to the impact of foreign exchange rate fluctuations on the value of investments in its foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, the Company has entered into various foreign currency debt obligations, which are designated as hedges against the Company's net investments in foreign subsidiaries. As of June 30, 2020 and December 31, 2019 , the total principal amounts of foreign currency debt obligations designated as net investment hedges were $3,465.7 million and $4,078.7 million , respectively. The Company also uses cross-currency interest rate swaps to hedge a portion of its net investment in its European operations. As of June 30, 2020 , U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $1,597.0 million were outstanding. As of December 31, 2019 , U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $750.0 million were outstanding. At maturity of each outstanding contract, the Company will receive U.S. Dollars from and pay Euros to the contract counterparty. During the term of each contract, the Company receives interest payments in U.S. Dollars and makes interest payments in Euros based on a notional amount and fixed interest rates determined at contract inception. The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency debt $ (85,215 ) $ (34,309 ) $ 13,887 $ 29,606 Cross-currency interest rate swaps (included component) (1) (10,333 ) (9,689 ) 3,807 5,826 Cross-currency interest rate swaps (excluded component) (2) (1,510 ) 6,141 30,194 3,551 Total $ (97,058 ) $ (37,857 ) $ 47,888 $ 38,983 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Six Months Ended 2020 2019 2020 2019 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 5,459 $ 4,928 $ 10,548 $ 9,091 Total $ 5,459 $ 4,928 $ 10,548 $ 9,091 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents cross-currency basis spread and interest rates. Cash Flow Hedges . The Company hedges its foreign currency translation exposure for forecasted revenues and expenses in its EMEA region between the U.S. Dollar and the British Pound, Euro, Swedish Krona and Swiss Franc. The foreign currency forward and option contracts that the Company uses to hedge this exposure are designated as cash flow hedges. As of June 30, 2020 and December 31, 2019 , the total notional amounts of these foreign exchange contracts were $984.8 million and $824.8 million , respectively. As of June 30, 2020 , the Company's foreign exchange contracts had maturity dates ranging from July 2020 to June 2022 and the Company recorded a net gain of $20.1 million within accumulated other comprehensive income (loss) relating to these foreign exchange contracts that will be reclassified to revenues and expenses as they mature in the next 12 months. As of December 31, 2019, the Company's foreign exchange contracts had maturity dates ranging from January 2020 to December 2021 and the Company recorded a net gain of $16.3 million within accumulated other comprehensive income (loss) relating to these foreign exchange contracts that will be reclassified to revenues and expenses as they mature in the next 12 months. The Company enters into intercompany hedging instruments ("intercompany derivatives") with wholly-owned subsidiaries of the Company in order to hedge certain forecasted revenues and expenses denominated in currencies other than the U.S. Dollar. Simultaneously, the Company enters into derivative contracts with unrelated third parties to externally hedge the net exposure created by such intercompany derivatives. The Company hedges the interest rate exposure created by anticipated fixed rate debt issuances through the use of treasury locks and forward starting swaps (collectively, interest rate locks), which are designated as cash flow hedges. As of June 30, 2020 , the total notional amount of interest rate locks outstanding was $618.0 million . As of December 31, 2019, the Company had no interest rate locks outstanding. During the six months ended June 30, 2020, interest rate locks with a combined aggregate notional amount of $1.25 billion were settled related to the issuance of the 2025 Notes, 2027 Notes, 2030 Notes, and 2050 Notes in June 2020 as described i n Note 10 below . When interest rate locks are settled, any accumulated gain or loss included as a component of other comprehensive income (loss) are amortized to interest expense over the term of the interest rate locks. As of June 30, 2020 , the Company recorded a net loss of $3.0 million within accumulated other comprehensive income (loss) to be reclassified to interest expense in the next 12 months for interest rate locks. As of December 31, 2019 , the net loss and gain in accumulated other comprehensive income (loss) to be reclassified to interest expense in the next 12 months for interest rate locks was not significant. The effect of cash flow hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency forward and option contracts (included component) (1) $ (22,347 ) $ (2,599 ) $ 5,678 $ 8,366 Foreign currency option contracts (excluded component) (2) 358 (1,405 ) 1,676 (1,405 ) Interest rate locks (650 ) — (26,882 ) — Total $ (22,639 ) $ (4,004 ) $ (19,528 ) $ 6,961 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Revenues $ 20,558 $ 18,684 $ 41,777 $ 28,545 Foreign currency forward contracts Costs and operating expenses (10,498 ) (9,745 ) (21,498 ) (15,074 ) Interest rate locks Interest Expense 90 — 258 — Total $ 10,150 $ 8,939 $ 20,537 $ 13,471 Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Other income (expense) $ — $ — $ — $ 88 Foreign currency option contracts (excluded component) (2) Revenues (503 ) (17 ) (1,024 ) (17 ) Total $ (503 ) $ (17 ) $ (1,024 ) $ 71 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents option's time value. Derivatives Not Designated as Hedging Instruments Embedded Derivatives . The Company is deemed to have foreign currency forward contracts embedded in certain of the Company's customer agreements that are priced in currencies different from the functional or local currencies of the parties involved. These embedded derivatives are separated from their host contracts and carried on the Company's balance sheet at their fair value. The majority of these embedded derivatives arise as a result of the Company's foreign subsidiaries pricing their customer contracts in U.S. Dollars. Economic Hedges of Embedded Derivatives . The Company uses foreign currency forward contracts to manage the foreign exchange risk associated with the Company's customer agreements that are priced in currencies different from the functional or local currencies of the parties involved ("economic hedges of embedded derivatives"). Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. Foreign Currency Forward Contracts . The Company also uses foreign currency forward contracts to manage the foreign exchange risk associated with certain foreign currency-denominated monetary assets and liabilities. As a result of foreign currency fluctuations, the U.S. Dollar equivalent values of its foreign currency-denominated monetary assets and liabilities change. Gains and losses on these contracts are included in other income (expense), on a net basis, along with the foreign currency gains and losses of the related foreign currency-denominated monetary assets and liabilities associated with these foreign currency forward contracts. As of June 30, 2020 and December 31, 2019 , the total notional amounts of these foreign currency contracts were $3.6 billion and $2.5 billion , respectively. The following table presents the effect of derivatives not designated as hedging instruments in the Company's condensed consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Embedded derivatives Revenues $ (2,741 ) $ (185 ) $ 4,710 $ 722 Economic hedge of embedded derivatives Revenues 2,301 598 (5,601 ) 541 Foreign currency forward contracts Other income (expense) (113,016 ) 10,148 20,808 18,499 Total $ (113,456 ) $ 10,561 $ 19,917 $ 19,762 Fair Value of Derivative Instruments The following table presents the fair value of derivative instruments recognized in the Company's condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 27,084 $ 3,896 $ 24,853 $ 5,898 Interest rate locks 886 1,583 — — Net investment hedges Cross-currency interest rate swaps 60,252 — 26,251 — Total designated as hedging 88,222 5,479 51,104 5,898 Not designated as hedging instruments: Embedded derivatives 8,227 1,223 4,595 2,268 Economic hedges of embedded derivatives 1,937 42 1,367 — Foreign currency forward contracts 990 75,101 641 27,446 Total not designated as hedging 11,154 76,366 6,603 29,714 Total Derivatives $ 99,376 $ 81,845 $ 57,707 $ 35,612 (1) As presented in the Company's condensed consolidated balance sheets within other current assets and other assets. (2) As presented in the Company's condensed consolidated balance sheets within other current liabilities and other liabilities. Offsetting Derivative Assets and Liabilities The Company presents its derivative instruments and the accrued interest related to cross-currency interest rate swaps at gross fair values in the condensed consolidated balance sheets. The Company enters into master netting agreements with its counterparties for transactions other than embedded derivatives to mitigate credit risk exposure to any single counterparty. Master netting agreements allow for individual derivative contracts with a single counterparty to offset in the event of default. For presentation on the condensed consolidated balance sheets, the Company does not offset fair value amounts recognized for derivative instruments or the accrued interest related to cross-currency interest rate swaps under master netting arrangements. The following table presents information related to these offsetting arrangements as of June 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Consolidated Balance Sheet Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net June 30, 2020 Derivative assets $ 119,426 $ — $ 119,426 $ (60,426 ) $ 59,000 Derivative liabilities 92,804 — 92,804 (60,426 ) 32,378 December 31, 2019 Derivative assets $ 76,640 $ — $ 76,640 $ (37,820 ) $ 38,820 Derivative liabilities 45,832 — 45,832 (37,820 ) 8,012

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Valuation Methods Fair value estimates are made as of a specific point in time based on methods using the market approach valuation method which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities or other valuation techniques. These techniques involve uncertainties and are affected by the assumptions used and the judgments made regarding risk characteristics of various financial instruments, discount rates, estimates of future cash flows, future expected loss experience and other factors. Cash Equivalents and Investments. The fair value of the Company's investments in money market funds approximates their face value. Such instruments are included in cash equivalents. The Company's money market funds and publicly traded equity securities are classified within Level 1 of the fair value hierarchy because they are valued using quoted prices for identical instruments in active markets. The fair value of the Company's other investments, including certificates of deposit, approximates their face value. The fair value of these investments is priced based on the quoted market price for similar instruments or nonbinding market prices that are corroborated by observable market data. Such instruments are classified within Level 2 of the fair value hierarchy. The Company determines the fair values of its Level 2 investments by using inputs such as actual trade data, benchmark yields, broker/dealer quotes and other similar data, which are obtained from quoted market prices, custody bank, third-party pricing vendors or other sources. The Company uses such pricing data as the primary input to make its assessments and determinations as to the ultimate valuation of its investment portfolio and has not made, during the periods presented, any material adjustments to such inputs. The Company is responsible for its consolidated financial statements and underlying estimates. The Company uses the specific identification method in computing realized gains and losses. Realized gains and losses from the sale of investments are included within other income (expense) in the Company's consolidated statements of operations. The Company's investments in publicly traded equity securities are carried at fair value. Unrealized gains and losses on publicly traded equity securities are reported within other income (expense) in the Company's consolidated statements of operations. Derivative Assets and Liabilities . Inputs used for valuations of derivatives are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant inputs are observable in the market or can be corroborated by observable market data. The significant inputs used include spot currency rates and forward points, interest rate curves, and published credit default swap rates of its foreign exchange trading counterparties and other comparable companies. The Company has determined that the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, therefore the derivatives are categorized as Level 2. Other than the assets and liabilities that were classified as held for sale as described in Note 5 above, the Company did not have any nonfinancial assets or liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 . The Company's financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 were as follows (in thousands): Fair Value at Fair Value Measurement Using Level 1 Level 2 Assets: Money market and deposit accounts $ 2,594,622 $ 2,594,622 $ — Publicly traded equity securities 5,927 5,927 — Certificates of deposit 16,142 — 16,142 Derivative instruments (1) 99,376 — 99,376 Total $ 2,716,067 $ 2,600,549 $ 115,518 Liabilities: Derivative instruments (1) $ 81,845 $ — $ 81,845 (1) Amounts are included within other current assets, other assets, others current liabilities and other liabilities in the Company's accompanying condensed consolidated balance sheet. The Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 were as follows (in thousands): Fair Value at Fair Value Measurement Using Level 1 Level 2 Assets: Money market and deposit accounts $ 886,547 $ 886,547 $ — Publicly traded equity securities 2,779 2,779 — Certificates of deposit 7,583 — 7,583 Derivative instruments (1) 57,707 — 57,707 Total $ 954,616 $ 889,326 $ 65,290 Liabilities: Derivative instruments (1) $ 35,612 $ — $ 35,612 (1) Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the Company's accompanying condensed consolidated balance sheet. The Company did not have any Level 3 financial assets or financial liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 .

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases Significant Lease Transactions Silicon Valley 4 ("SV4") Data Center In February 2020, the Company exercised its first renewal option available to extend the lease term for the SV4 Data Center for five years . The Company concluded that the two remaining renewal options of five-years each are reasonably certain to be exercised; therefore the concluded lease term is 15 years and 7 months . The lease was previously accounted for as an operating lease. The Company reassessed the lease classification of the SV4 lease and determined the lease should be accounted for as a finance lease. During the three months ended March 31, 2020, the Company recorded finance lease right-of-use ("ROU") asset and liability of $62.8 million and $63.3 million , respectively. Hong Kong 1 ("HK1") Data Center In March 2020, the Company entered into several lease agreements with the landlord to lease several premises in the HK1 Data Center. One of the premises commenced in March 2020 with an initial term of 18 years . The Company assessed the lease classification of that premises at the commencement date and determined the lease should be accounted for as a finance lease. The Company will assess the remaining premises when the leases commence. During the three months ended March 31, 2020, the Company recorded finance lease ROU asset and liability of $163.0 million Hong Kong dollars or $21.0 million at the exchange rate in effect on March 31, 2020. Headquarter Office in Redwood City, California ("HQ Office") In April 2020, the Company entered into a lease amendment to (i) extend the lease term of the existing space for another 10.5 years and (ii) lease additional space within its HQ Office building, which commenced on June 1, 2020. Both spaces have two five-year renewal options which the Company determined were not reasonably certain to be exercised. Therefore, the concluded lease term for both spaces was approximately 11 years , expiring on March 31, 2031. The existing space was previously accounted for as a finance lease. The Company concluded that the building and land components for both spaces should be accounted for as finance leases and operating leases, respectively. During the three months ended June 30, 2020, the Company recorded incremental finance lease ROU asset and liability of $42.2 million and operating lease ROU asset and liability of $8.3 million . Singapore 1 ("SG1") Data Center In May 2020, the Company exercised a three-year renewal option on the lease of the existing space and entered into a lease agreement to lease additional space in the SG1 Data Center. The building and land were originally accounted for as a finance lease and operating lease, respectively. The Company concluded the remaining five three-year renewal options were reasonably certain to be exercised and therefore, the concluded lease term was 18 years . The Company reassessed the lease classification and determined that the lease should be accounted for as finance lease. Land was determined to not be a component of the lease as the Company no longer controlled substantially all of the economic benefits from its use. The Company recorded incremental finance lease ROU asset and liability of $99.5 million Singapore dollars, or approximately $71.4 million , and de-recognized operating lease ROU asset and liability of $11.4 million Singapore dollars, or approximately $8.1 million , at the exchange rate in effect on June 30, 2020, during the three months ended June 30, 2020. Abu Dhabi 1 ("AD1") Data Center In June 2020, the Company entered into two lease agreements to lease additional spaces in the AD1 Data Center. The Company concluded lease terms of both leases are 10 years , including a three-year renewal option for one of the leases. The Company assessed the lease classifications and determined that the leases should be accounted for as finance leases. During the three months ended June 30, 2020, the Company recorded finance lease ROU assets and liabilities of 261.9 million United Arab Emirates Dirham in aggregate, or approximately $71.3 million at the exchange rate in effect on June 30, 2020. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 28,897 19,811 $ 54,062 $ 39,897 Interest on lease liabilities 28,438 27,111 56,263 54,634 Total finance lease cost 57,335 46,922 110,325 94,531 Operating lease cost 52,556 54,920 106,347 106,559 Total lease cost $ 109,891 $ 101,842 $ 216,672 $ 201,090 (1) Amortization of right-of-use assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 54,417 $ 52,701 Operating cash flows from operating leases 102,146 101,875 Financing cash flows from finance leases 42,681 43,112 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 311,951 $ 2,597 Operating leases 14,114 77,905 As of June 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 15 years 15 years Weighted-average remaining lease term - operating leases (2) 13 years 13 years Weighted-average discount rate - finance leases 8 % 9 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease assets (3) $ 1,516,351 $ 1,277,614 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $528.6 million and $474.8 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets. Maturities of Lease Liabilities Maturities of lease liabilities as of June 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (6 months remaining) $ 87,527 $ 95,454 $ 182,981 2021 192,368 205,435 397,803 2022 184,049 202,461 386,510 2023 168,561 197,071 365,632 2024 156,627 194,842 351,469 Thereafter 1,094,015 1,975,440 3,069,455 Total lease payments 1,883,147 2,870,703 4,753,850 Plus amount representing residual property value — 17,626 17,626 Less imputed interest (499,952 ) (1,127,481 ) (1,627,433 ) Total $ 1,383,195 $ 1,760,848 $ 3,144,043 The Company entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2020 . These leases will commence between fiscal years 2020 and 2022 , with lease terms of 1 to 49 years and a total lease commitment of approximately $705.6 million .
Leases	Leases Significant Lease Transactions Silicon Valley 4 ("SV4") Data Center In February 2020, the Company exercised its first renewal option available to extend the lease term for the SV4 Data Center for five years . The Company concluded that the two remaining renewal options of five-years each are reasonably certain to be exercised; therefore the concluded lease term is 15 years and 7 months . The lease was previously accounted for as an operating lease. The Company reassessed the lease classification of the SV4 lease and determined the lease should be accounted for as a finance lease. During the three months ended March 31, 2020, the Company recorded finance lease right-of-use ("ROU") asset and liability of $62.8 million and $63.3 million , respectively. Hong Kong 1 ("HK1") Data Center In March 2020, the Company entered into several lease agreements with the landlord to lease several premises in the HK1 Data Center. One of the premises commenced in March 2020 with an initial term of 18 years . The Company assessed the lease classification of that premises at the commencement date and determined the lease should be accounted for as a finance lease. The Company will assess the remaining premises when the leases commence. During the three months ended March 31, 2020, the Company recorded finance lease ROU asset and liability of $163.0 million Hong Kong dollars or $21.0 million at the exchange rate in effect on March 31, 2020. Headquarter Office in Redwood City, California ("HQ Office") In April 2020, the Company entered into a lease amendment to (i) extend the lease term of the existing space for another 10.5 years and (ii) lease additional space within its HQ Office building, which commenced on June 1, 2020. Both spaces have two five-year renewal options which the Company determined were not reasonably certain to be exercised. Therefore, the concluded lease term for both spaces was approximately 11 years , expiring on March 31, 2031. The existing space was previously accounted for as a finance lease. The Company concluded that the building and land components for both spaces should be accounted for as finance leases and operating leases, respectively. During the three months ended June 30, 2020, the Company recorded incremental finance lease ROU asset and liability of $42.2 million and operating lease ROU asset and liability of $8.3 million . Singapore 1 ("SG1") Data Center In May 2020, the Company exercised a three-year renewal option on the lease of the existing space and entered into a lease agreement to lease additional space in the SG1 Data Center. The building and land were originally accounted for as a finance lease and operating lease, respectively. The Company concluded the remaining five three-year renewal options were reasonably certain to be exercised and therefore, the concluded lease term was 18 years . The Company reassessed the lease classification and determined that the lease should be accounted for as finance lease. Land was determined to not be a component of the lease as the Company no longer controlled substantially all of the economic benefits from its use. The Company recorded incremental finance lease ROU asset and liability of $99.5 million Singapore dollars, or approximately $71.4 million , and de-recognized operating lease ROU asset and liability of $11.4 million Singapore dollars, or approximately $8.1 million , at the exchange rate in effect on June 30, 2020, during the three months ended June 30, 2020. Abu Dhabi 1 ("AD1") Data Center In June 2020, the Company entered into two lease agreements to lease additional spaces in the AD1 Data Center. The Company concluded lease terms of both leases are 10 years , including a three-year renewal option for one of the leases. The Company assessed the lease classifications and determined that the leases should be accounted for as finance leases. During the three months ended June 30, 2020, the Company recorded finance lease ROU assets and liabilities of 261.9 million United Arab Emirates Dirham in aggregate, or approximately $71.3 million at the exchange rate in effect on June 30, 2020. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 28,897 19,811 $ 54,062 $ 39,897 Interest on lease liabilities 28,438 27,111 56,263 54,634 Total finance lease cost 57,335 46,922 110,325 94,531 Operating lease cost 52,556 54,920 106,347 106,559 Total lease cost $ 109,891 $ 101,842 $ 216,672 $ 201,090 (1) Amortization of right-of-use assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 54,417 $ 52,701 Operating cash flows from operating leases 102,146 101,875 Financing cash flows from finance leases 42,681 43,112 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 311,951 $ 2,597 Operating leases 14,114 77,905 As of June 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 15 years 15 years Weighted-average remaining lease term - operating leases (2) 13 years 13 years Weighted-average discount rate - finance leases 8 % 9 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease assets (3) $ 1,516,351 $ 1,277,614 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $528.6 million and $474.8 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets. Maturities of Lease Liabilities Maturities of lease liabilities as of June 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (6 months remaining) $ 87,527 $ 95,454 $ 182,981 2021 192,368 205,435 397,803 2022 184,049 202,461 386,510 2023 168,561 197,071 365,632 2024 156,627 194,842 351,469 Thereafter 1,094,015 1,975,440 3,069,455 Total lease payments 1,883,147 2,870,703 4,753,850 Plus amount representing residual property value — 17,626 17,626 Less imputed interest (499,952 ) (1,127,481 ) (1,627,433 ) Total $ 1,383,195 $ 1,760,848 $ 3,144,043 The Company entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2020 . These leases will commence between fiscal years 2020 and 2022 , with lease terms of 1 to 49 years and a total lease commitment of approximately $705.6 million .

Debt Facilities

Debt Facilities	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt Facilities	Debt Facilities Mortgage and Loans Payable As of June 30, 2020 and December 31, 2019 , the Company's mortgage and loans payable consisted of the following (in thousands): June 30, December 31, 2019 Term loans $ 1,218,259 $ 1,287,151 Mortgage payable and loans payable 77,574 82,967 1,295,833 1,370,118 Less amount representing unamortized debt discount and debt issuance cost (3,927 ) (4,849 ) Add amount representing unamortized mortgage premium 1,732 1,768 1,293,638 1,367,037 Less current portion (75,589 ) (77,603 ) Total $ 1,218,049 $ 1,289,434 Senior Credit Facility - Revolving Facility On December 12, 2017, the Company entered into a credit agreement with a group of lenders for a $3.0 billion credit facility ("Senior Credit Facility"), comprised of a $2.0 billion senior unsecured multicurrency revolving credit facility ("Revolving Facility") and an approximately $1.0 billion senior unsecured multicurrency term loan facility. The Revolving Facility allows the Company to borrow, repay and reborrow over its term. The Revolving Facility provides a sublimit for the issuance of letters of credit of up to $250.0 million at any one time. In March 2020, the Company borrowed a total of $250.0 million under the Revolving Facility, which was fully repaid in May 2020. As of June 30, 2020, the Company had 43 irrevocable letters of credit totaling $72.4 million issued and outstanding under the Revolving Facility and the amount available to the Company to borrow under the Revolving Facility was approximately $1.9 billion as of June 30, 2020 . 364-Day Facilities On April 15, 2020, the Company entered into a credit agreement which provided for senior unsecured 364-day term loan facilities in an aggregate principal amount of $750.0 million , comprised of $500.0 million available to be borrowed on the closing date (the "Closing Date Facility") and $250.0 million available to be borrowed on or prior to July 14, 2020 (the "Delayed Draw Facility" and together with the Closing Date Facility, the "364-Day Facilities"). On April 15, 2020, the Company borrowed $391.0 million , as well as €100.0 million or $109.8 million at the exchange rate in effect on that date, under the Closing Date Facility. During the three months ended June 30, 2020, the Company repaid all amounts outstanding under the Closing Date Facility and terminated the 364-Day Facilities. The loss on debt extinguishment incurred in connection with the redemption and termination was not significant. Senior Notes As of June 30, 2020 and December 31, 2019 , the Company's senior notes consisted of the following (in thousands): June 30, 2020 December 31, 2019 Amount Effective Rate Amount Effective Rate 5.000% Infomart Senior Notes (1) $ 300,000 4.49 % $ 450,000 4.46 % 5.375% Senior Notes due 2022 — — % 343,711 5.56 % 2.625% Senior Notes due 2024 1,000,000 2.79 % 1,000,000 2.79 % 2.875% Euro Senior Notes due 2024 842,775 3.08 % 841,500 3.08 % 2.875% Euro Senior Notes due 2025 1,123,700 3.04 % 1,122,000 3.04 % 2.900% Senior Notes due 2026 600,000 3.04 % 600,000 3.04 % 5.875% Senior Notes due 2026 1,100,000 6.03 % 1,100,000 6.03 % 2.875% Euro Senior Notes due 2026 1,123,700 3.04 % 1,122,000 3.04 % 5.375% Senior Notes due 2027 1,250,000 5.51 % 1,250,000 5.51 % 3.200% Senior Notes due 2029 1,200,000 3.30 % 1,200,000 3.30 % 1.250% Senior Notes due 2025 500,000 1.46 % — — % 1.800% Senior Notes due 2027 500,000 1.96 % — — % 2.150% Senior Notes due 2030 1,100,000 2.27 % — — % 3.000% Senior Notes due 2050 500,000 3.09 % — — % 11,140,175 9,029,211 Less amount representing unamortized debt issuance cost (108,519 ) (78,030 ) Add amount representing unamortized debt premium 745 1,716 11,032,401 8,952,897 Less current portion (2,227,768 ) (643,224 ) Total $ 8,804,633 $ 8,309,673 (1) 5.000% Infomart Senior Notes consist of two tranches outstanding due in each of October 2020 and April 2021. The effective rate represents the weighted-average effective interest rates of the tranches outstanding at the periods presented in the table above. Redemption of 5.375% Senior Notes due 2022 On January 2, 2020, the Company redeemed the remaining $343.7 million principal amount of the 5.375% Senior Notes due 2022. In connection with the redemption, the Company incurred $5.9 million of loss on debt extinguishment, including $4.6 million redemption premium that was paid in cash and $1.3 million related to the write-off of unamortized debt issuance costs. 1.250% Senior Notes due 2025, 1.800% Senior Notes due 2027, 2.150% Senior Notes due 2030, and 3.000% Senior Notes due 2050 On June 22, 2020, the Company issued $500.0 million aggregate principal amount of 1.250% senior notes due 2025 (the "2025 Notes"), $500.0 million aggregate principal amount of 1.800% senior notes due 2027 (the "2027 Notes"), $1.1 billion aggregate principal amount of 2.150% senior notes due 2030 (the "2030 Notes"), and $500.0 million aggregate principal amount of 3.000% senior notes due 2050 (the "2050 Notes"). Interest on these notes is payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2021. Debt issuance costs and debt discounts related to the 2025 Notes, 2027 Notes, 2030 Notes, and 2050 Notes were $5.3 million , $5.6 million , $12.9 million , and $14.2 million , respectively. With a portion of th e net cash proceeds from the issuance of the 2025 Notes, 2027 Notes, 2030 Notes, and 2050 Notes as described above, the Company redeemed all outstanding principal amount under its 2.875% Euro Senior Notes due 2024 and 5.875% Senior Notes due 2026 on July 8, 2020. See Note 14 below for further information on the redemption. Maturities of Debt Instruments The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2020 (in thousands): Years ending: 2020 (6 months remaining) $ 2,130,697 2021 225,580 2022 1,148,837 2023 6,510 2024 1,006,031 Thereafter 7,920,085 Total $ 12,437,740 Fair Value of Debt Instruments The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes, including current maturities, as of (in thousands): June 30, December 31, Mortgage and loans payable $ 1,304,463 $ 1,378,429 Senior notes 11,580,351 9,339,497 The fair values of the mortgage and loans payable and 5.000% Infomart Senior Notes, which are not publicly traded, were estimated by considering the Company's credit rating, current rates available to the Company for debt of the same remaining maturities and terms of the debt (Level 2). The fair value of the senior notes, which are traded in the public debt market, was based on quoted market prices (Level 1). Interest Charges The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Interest expense $ 108,480 $ 120,547 $ 215,818 $ 243,393 Interest capitalized 6,880 5,910 12,911 15,764 Interest charges incurred $ 115,360 $ 126,457 $ 228,729 $ 259,157 Total interest paid in cash, net of capitalized interest, during the three months ended June 30, 2020 and 2019 was $115.8 million and $107.4 million , respectively. Total interest paid in cash, net of capitalized interest, during the six months ended June 30, 2020 and 2019 was $238.6 million and $243.6 million , respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments As a result of the Company's various IBX data center expansion projects, as of June 30, 2020 , the Company was contractually committed for approximately $1.1 billion of unaccrued capital expenditures, primarily for IBX infrastructure equipment not yet delivered and labor not yet provided, in connection with the work necessary to open these IBX data centers and make them available to customers for installation. The Company also had numerous other, non-capital purchase commitments in place as of June 30, 2020 , such as commitments to purchase power in select locations through the remainder of 2020 and thereafter, and other open purchase orders for goods or services to be delivered or provided during the remainder of 2020 and thereafter. Such other miscellaneous purchase commitments totaled approximately $1.1 billion as of June 30, 2020 . In addition, the Company entered into lease agreements in various locations that have not yet commenced as of June 30, 2020 . For further information on lease commitments, see Note 9 above. Equity Contribution Commitments In connection with the EMEA Joint Venture closed in October 2019, the Company agreed to make future equity contributions to the EMEA Joint Venture. As of June 30, 2020 , the Company had future equity contribution commitments of €12.3 million and £10.3 million , or $26.5 million in total at the exchange rate in effect on June 30, 2020 . Contingent Liabilities The Company estimates exposure on certain liabilities, such as indirect and property taxes, based on the best information available at the time of determination. With respect to real and personal property taxes, the Company records what it can reasonably estimate based on prior payment history, assessed value by the assessor's office, current landlord estimates or estimates based on current or changing fixed asset values in each specific municipality, as applicable. However, there are circumstances beyond the Company's control whereby the underlying value of the property or basis for which the tax is calculated on the property may change, such as a landlord selling the underlying property of one of the Company's IBX data center leases or a municipality changing the assessment value in a jurisdiction and, as a result, the Company's property tax obligations may vary from period to period. Based upon the most current facts and circumstances, the Company makes the necessary property tax accruals for each of its reporting periods. However, revisions in the Company's estimates of the potential or actual liability could materially impact the financial position, results of operations or cash flows of the Company. The Company's indirect and property tax filings in various jurisdictions are subject to examination by local tax authorities. Although we believe that we have adequately assessed and accounted for our potential tax liabilities, and that our tax estimates are reasonable, there can be no certainty that additional taxes will not be due upon audit of our tax returns or as a result of further changes to the tax laws and interpretations thereof. For example, we are currently undergoing audits and appealing the tentative assessments in a number of jurisdictions where we operate, such as Brazil and France. The final results of these audits and the outcomes of the appeals are uncertain and may not be resolved in our favor. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations and appeals that would affect the adequacy of its tax accruals for each of the reporting periods. If any issues arising from the tax examinations and appeals are resolved in a manner inconsistent with the Company's expectations, the revision of the estimates of the potential or actual liabilities could materially impact the financial position, results of operations, or cash flows of the Company.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stockholders' Equity Rollforward The following tables provide a rollforward of stockholders' equity for the three and six months ended June 30, 2020 and 2019 (in thousands): AOCI (Loss) Retained Earnings Equinix Stockholders' Equity Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Paid-in Capital Accumulated Shares Amount Shares Amount Balance as of December 31, 2019 85,700,953 $ 86 (392,567 ) $ (144,256 ) $ 12,696,433 $ (4,168,469 ) $ (934,613 ) $ 1,391,425 $ 8,840,606 $ (224 ) $ 8,840,382 Adjustment from adoption of new accounting standard update — — — — — — — (900 ) (900 ) — (900 ) Net income — — — — — — — 118,792 118,792 165 118,957 Other comprehensive loss — — — — — — (272,056 ) — (272,056 ) (11 ) (272,067 ) Issuance of common stock and release of treasury stock for employee equity awards 405,550 — 50,594 16,958 13,432 — — — 30,390 — 30,390 Issuance of common stock under ATM Program 162,530 — — — 101,791 — — — 101,791 — 101,791 Dividend distribution on common stock, $2.66 per share — — — — — (227,387 ) — — (227,387 ) — (227,387 ) Settlement of accrued dividends on vested equity awards — — — — 109 (403 ) — — (294 ) — (294 ) Accrued dividends on unvested equity awards — — — — — (3,268 ) — — (3,268 ) — (3,268 ) Stock-based compensation, net of estimated forfeitures — — — — 81,690 — — — 81,690 — 81,690 Balance as of March 31, 2020 86,269,033 86 (341,973 ) (127,298 ) 12,893,455 (4,399,527 ) (1,206,669 ) 1,509,317 8,669,364 (70 ) 8,669,294 Net income — — — — — — — 133,304 133,304 46 133,350 Other comprehensive income — — — — — — 66,378 — 66,378 2 66,380 Issuance of common stock and release of treasury stock for employee equity awards 34,146 — 688 256 (256 ) — — — — — — Issuance of common stock for equity offering 2,587,500 3 1,683,103 1,683,106 1,683,106 Dividend distribution on common stock, $2.66 per share — — — — — (235,334 ) — — (235,334 ) — (235,334 ) Settlement of accrued dividends on vested equity awards — — — — — (44 ) — — (44 ) — (44 ) Accrued dividends on unvested equity awards — — — — — (4,136 ) — — (4,136 ) — (4,136 ) Stock-based compensation, net of estimated forfeitures — — — — 75,642 — — — 75,642 — 75,642 Balance as of June 30, 2020 88,890,679 $ 89 (341,285 ) $ (127,042 ) $ 14,651,944 $ (4,639,041 ) $ (1,140,291 ) $ 1,642,621 $ 10,388,280 $ (22 ) $ 10,388,258 Additional Paid-in Capital Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Balance as of December 31, 2018 81,119,117 $ 81 (396,859 ) $ (145,161 ) $ 10,751,313 $ (3,331,200 ) $ (945,702 ) $ 889,948 $ 7,219,279 $ — $ 7,219,279 Adjustment from adoption of new accounting standard update — — — — — — — (5,973 ) (5,973 ) — (5,973 ) Net income (loss) — — — — — — — 118,078 118,078 (331 ) 117,747 Other comprehensive income — — — — — — 3,337 — 3,337 7 3,344 Issuance of common stock and release of treasury stock for employee equity awards 360,464 — 1,706 360 27,233 — — — 27,593 — 27,593 Issuance of common stock for equity offering 2,985,575 3 — — 1,213,431 — — — 1,213,434 — 1,213,434 Dividend distribution on common stock, $2.46 per share — — — — — (198,933 ) — — (198,933 ) — (198,933 ) Settlement of accrued dividends on vested equity awards — — — — 284 (387 ) — — (103 ) — (103 ) Accrued dividends on unvested equity awards — — — — — (2,395 ) — — (2,395 ) — (2,395 ) Stock-based compensation, net of estimated forfeitures — — — — 50,795 — — — 50,795 — 50,795 Balance as of March 31, 2019 84,465,156 $ 84 (395,153 ) $ (144,801 ) $ 12,043,056 $ (3,532,915 ) $ (942,365 ) $ 1,002,053 $ 8,425,112 $ (324 ) $ 8,424,788 Net income — — — — — — — 143,527 143,527 325 143,852 Other comprehensive loss — — — — — — (16,078 ) — (16,078 ) (14 ) (16,092 ) Issuance of common stock and release of treasury stock for employee equity awards 26,435 — 359 76 (76 ) — — — — — — Issuance of common stock under ATM Program 722,361 1 — — 348,120 — — — 348,121 — 348,121 Dividend distribution on common stock, $2.46 per share — — — — — (207,949 ) — — (207,949 ) — (207,949 ) Settlement of accrued dividends on vested equity awards — — — — 12 (33 ) — — (21 ) — (21 ) Accrued dividends on unvested equity awards — — — — — (2,972 ) — — (2,972 ) — (2,972 ) Stock-based compensation, net of estimated forfeitures — — — — 59,502 — — — 59,502 — 59,502 Balance as of June 30, 2019 85,213,952 85 (394,794 ) (144,725 ) 12,450,614 (3,743,869 ) (958,443 ) 1,145,580 8,749,242 (13 ) 8,749,229 Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): Balance as of Net Change Balance as of Foreign currency translation adjustment ("CTA") loss $ (1,056,918 ) $ (232,497 ) $ (1,289,415 ) Unrealized gain (loss) on cash flow hedges (1) 15,638 (21,124 ) (5,486 ) Net investment hedge CTA gain (1) 107,619 47,888 155,507 Net actuarial gain (loss) on defined benefit plans (2) (952 ) 55 (897 ) Accumulated other comprehensive loss attributable to Equinix $ (934,613 ) $ (205,678 ) $ (1,140,291 ) (1) Refer to Note 7 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income. (2) The Company has a defined benefit pension plan covering all employees in one country where such plan is mandated by law. The Company does not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization. Changes in foreign currencies can have a significant impact to the Company's consolidated balance sheets (as evidenced above in the Company's foreign currency translation loss), as well as its consolidated results of operations, as amounts in foreign currencies are generally translated into more U.S. Dollars when the U.S. Dollar weakens or fewer U.S. Dollars when the U.S. Dollar strengthens. As of June 30, 2020 , the U.S. Dollar was generally stronger relative to certain of the currencies of the foreign countries in which the Company operates as compared to December 31, 2019. This overall strengthening of the U.S. Dollar had an overall unfavorable impact on the Company's condensed consolidated financial position because the foreign denominations translated into fewer U.S. Dollars as evidenced by an increase in foreign currency translation loss for the six months ended June 30, 2020 as reflected in the above table. The volatility of the U.S. Dollar as compared to the other currencies in which the Company operates could have a significant impact on its condensed consolidated financial position and results of operations including the amount of revenue that the Company reports in future periods. Common Stock In March 2019, the Company issued and sold 2,985,575 shares of common stock in a public offering pursuant to a registration statement and a related prospectus and prospectus supplement. The Company received net proceeds of approximately $1,213.4 million , net of underwriting discounts, commissions and offering expenses. In May 2020, the Company issued and sold 2,587,500 shares of common stock in a public offering pursuant to a registration statement and a related prospectus and prospectus supplement. The Company received net proceeds of approximately $1,683.1 million , net of underwriting discounts, commissions and offering expenses. In December 2018, the Company launched an ATM program, under which it may offer and sell from time to time up to an aggregate of $750.0 million of its common stock in "at the market" transactions (the "ATM Program"). For the six months ended June 30, 2020 , the Company sold 162,530 shares under the ATM Program, for approximately $101.8 million , net of payment of commissions to sales agents and other offering expenses. For the six months ended June 30, 2019, the Company sold 722,361 shares under the ATM program, for approximately $348.2 million , net of payment of commissions to sales agents and other offering expenses. Stock-Based Compensation For the six months ended June 30, 2020 , the Compensation Committee and/or the Stock Award Committee of the Company's Board of Directors, as the case may be, approved the issuance of an aggregate of 680,543 shares of restricted stock units to certain employees, including executive officers. These equity awards are subject to vesting provisions and have a weighted-average grant date fair value of $583.99 per share and a weighted-average requisite service period of 3.33 years . The valuation of restricted stock units with only a service condition or a service and performance condition require no significant assumptions as the fair value for these types of equity awards is based solely on the fair value of the Company's stock price on the date of grant. The Company used revenues and adjusted funds from operations ("AFFO") per share as the performance measurements in the restricted stock units with both service and performance conditions that were granted in the six months ended June 30, 2020 . The Company uses a Monte Carlo simulation option-pricing model to determine the fair value of restricted stock units with a service and market condition. The Company used total shareholder return ("TSR") as the performance measurement in the restricted stock units with a service and market condition that were granted in the six months ended June 30, 2020 . There were no significant changes in the assumptions used to determine the fair value of restricted stock units with a service and market condition that were granted in 2020 compared to the prior year. The following table presents, by operating expense category, the Company's stock-based compensation expense recognized in the Company's condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Cost of revenues $ 7,655 $ 6,500 $ 16,998 $ 11,512 Sales and marketing 18,215 15,157 36,760 28,458 General and administrative 49,974 39,862 102,652 70,572 Total $ 75,844 $ 61,519 $ 156,410 $ 110,542

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information While the Company has a single line of business, which is the design, build-out and operation of IBX data centers, it has determined that it has three reportable segments comprised of its Americas, EMEA and Asia-Pacific geographic regions. The Company's chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on the Company's revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments. The following tables present revenue information disaggregated by product lines and geographic areas (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 447,498 $ 381,144 $ 228,803 $ 1,057,445 $ 898,452 $ 743,474 $ 449,896 $ 2,091,822 Interconnection 153,387 50,904 45,140 249,431 304,316 99,445 87,811 491,572 Managed infrastructure 28,889 29,012 22,150 80,051 54,418 59,149 43,974 157,541 Other (1) 5,081 6,130 — 11,211 10,301 8,596 — 18,897 Recurring revenues 634,855 467,190 296,093 1,398,138 1,267,487 910,664 581,681 2,759,832 Non-recurring revenues 26,564 20,900 24,519 71,983 55,837 56,335 42,659 154,831 Total $ 661,419 $ 488,090 $ 320,612 $ 1,470,121 $ 1,323,324 $ 966,999 $ 624,340 $ 2,914,663 (1) Includes some leasing and hedging activities. Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 444,086 $ 347,795 $ 213,734 $ 1,005,615 $ 884,067 $ 678,920 $ 423,399 $ 1,986,386 Interconnection 142,460 38,614 37,957 219,031 281,023 76,139 74,653 431,815 Managed infrastructure 22,908 28,397 22,467 73,772 44,695 57,485 44,387 146,567 Other (1) 5,352 2,275 — 7,627 11,331 4,774 — 16,105 Recurring revenues 614,806 417,081 274,158 1,306,045 1,221,116 817,318 542,439 2,580,873 Non-recurring revenues 29,614 32,774 16,544 78,932 67,670 67,197 32,455 167,322 Total $ 644,420 $ 449,855 $ 290,702 $ 1,384,977 $ 1,288,786 $ 884,515 $ 574,894 $ 2,748,195 (1) Includes some leasing and hedging activities. No single customer accounted for 10% or greater of the Company's accounts receivable or revenues for the three and six months ended June 30, 2020 and 2019 . The Company defines adjusted EBITDA as income from operations excluding depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Adjusted EBITDA: Americas $ 302,107 $ 309,052 $ 595,720 $ 616,890 EMEA 243,597 209,645 473,755 408,717 Asia-Pacific 174,337 158,313 334,776 311,558 Total adjusted EBITDA 720,041 677,010 1,404,251 1,337,165 Depreciation, amortization and accretion expense (348,434 ) (320,550 ) (685,865 ) (635,255 ) Stock-based compensation expense (75,844 ) (61,519 ) (156,410 ) (110,542 ) Impairment charges — (386 ) — (14,834 ) Transaction costs (13,617 ) (2,774 ) (25,147 ) (5,245 ) Gain (loss) on asset sales 342 — (857 ) — Income from operations $ 282,488 $ 291,781 $ 535,972 $ 571,289 The Company also provides the following additional segment disclosures (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Depreciation and amortization: Americas $ 180,934 $ 167,244 $ 352,008 $ 334,014 EMEA 93,012 87,980 185,386 172,145 Asia-Pacific 74,647 64,000 147,068 126,243 Total $ 348,593 $ 319,224 $ 684,462 $ 632,402 Capital expenditures: Americas $ 181,913 $ 173,623 $ 366,314 $ 318,118 EMEA 197,264 170,851 319,392 335,206 Asia-Pacific 102,771 99,697 197,183 154,814 Total $ 481,948 $ 444,171 $ 882,889 $ 808,138 The Company's long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, located in the following geographic areas as of (in thousands): June 30, December 31, Americas $ 5,649,000 $ 5,400,287 EMEA 4,321,446 4,051,701 Asia-Pacific 2,693,381 2,700,609 Total Property, plant and equipment, net $ 12,663,827 $ 12,152,597 Americas $ 368,959 $ 387,598 EMEA 498,334 521,129 Asia-Pacific 528,808 566,640 Total Operating lease right-of-use assets $ 1,396,101 $ 1,475,367

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 7, 2020, the Company used a portion of the net cash proceeds from the 2025, 2027, 2030, and 2050 Notes, as described in Note 10, to fund the redemption of all of the outstanding €750.0 million 2.875% Senior Notes due 2024 and $1.1 billion 5.875% Senior Notes due 2026. In connection with the redemption, the Company incurred $93.5 million of loss on debt extinguishment, including $77.8 million in redemption premium that was paid in cash and $15.7 million related to the write-off of unamortized debt issuance costs. On July 29, 2020 , the Company declared a quarterly cash dividend of $2.66 per share, which is payable on September 23, 2020 to the Company's common stockholders of record as of the close of business on August 19, 2020 .

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared by Equinix, Inc. ("Equinix" or the "Company") and reflect all adjustments, consisting only of normal recurring adjustments, which in the opinion of management are necessary to fairly state the financial position and the results of operations for the interim periods presented. The condensed consolidated balance sheet data as of December 31, 2019 has been derived from audited consolidated financial statements as of that date. The condensed consolidated financial statements have been prepared in accordance with the regulations of the Securities and Exchange Commission ("SEC"), but omit certain information and footnote disclosure necessary to present the statements in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). For further information, refer to the Consolidated Financial Statements and Notes thereto included in Equinix's Form 10-K as filed with the SEC on February 21, 2020. Results for the interim periods are not necessarily indicative of results for the entire fiscal year.
Consolidation	The accompanying unaudited condensed consolidated financial statements include the accounts of Equinix and its subsidiaries, including the acquisitions of Packet Host, Inc. from March 2, 2020, three data centers in Mexico acquired from Axtel S.A.B. de C.V from January 8, 2020, and Switch Datacenters' AMS1 data center business in Amsterdam, Netherlands from April 18, 2019. All intercompany accounts and transactions have been eliminated in consolidation.
Income Taxes	The Company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with its 2015 taxable year. As a result, the Company may deduct the distributions made to its stockholders from taxable income generated by the Company and its qualified REIT subsidiaries ("QRSs"). The Company's dividends paid deduction generally eliminates the U.S. federal taxable income of the Company and its QRSs, resulting in no U.S. federal income tax due. However, the Company's domestic taxable REIT subsidiaries ("TRSs") are subject to U.S. corporate income taxes on any taxable income generated by them. In addition, the foreign operations of the Company are subject to local income taxes regardless of whether the foreign operations are operated as QRSs or TRSs. The Company provides for income taxes during interim periods based on the estimated effective tax rate for the year. The effective tax rate is subject to change in the future due to various factors such as the operating performance of the Company, tax law changes and future business acquisitions.
Recent Accounting Pronouncements	Accounting Standards Not Yet Adopted In December 2019, Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Income Taxes ("Topic 740"): Simplifying the Accounting for Income T axes. The ASU simplifies accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The ASU also improves consistent application of and simplifies generally accepted accounting principles ("GAAP") for other areas of Topic 740 by clarifying and amending existing guidance. For public entities, the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted including adoption in any interim period for periods for which financial statements have not yet been issued. The Company is currently evaluating the extent of the impact that the adoption of this standard will have on its condensed consolidated financial statements. Accounting Standards Adopted In March 2020, FASB issued ASU 2020-04, Reference Rate Reform ("Topic 848"): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Company adopted the ASU upon its issuance and there was no impact on the Company's condensed consolidated financial statements for the six months ended June 30, 2020 as a result of adopting this standard. The Company will evaluate its debt, derivative and lease contracts that are eligible for modification relief and may apply the elections prospectively as needed. In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses ("Topic 326"): Measurement of Credit Losses on Financial Instruments. The ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The ASU requires enhanced qualitative and quantitative disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization's portfolio. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company adopted this new ASU on January 1, 2020 using the modified retrospective approach and recorded a net decrease to retained earnings of $0.9 million and a corresponding increase to allowance for doubtful accounts. The adoption did not have any significant impact on other financial assets within the scope of ASC 326, such as contract asset.
Accounts Receivable	Accounts receivables are recorded at invoice amount and are generally due in less than one year. Allowance for doubtful accounts are estimated losses resulting from the inability of customers making payments. An estimate of uncollectible amounts is made based on historical bad debts, age of customer receivable balances, customers' financial conditions, the impact of current and expected future economic conditions, inclusive of the effect of the COVID-19 pandemic on credit losses.
Derivatives Designated as Hedging Instruments	Cash Flow Hedges . Derivatives Designated as Hedging Instruments Net Investment Hedges. The Company is exposed to the impact of foreign exchange rate fluctuations on the value of investments in its foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, the Company has entered into various foreign currency debt obligations, which are designated as hedges against the Company's net investments in foreign subsidiaries. As of June 30, 2020 and December 31, 2019 , the total principal amounts of foreign currency debt obligations designated as net investment hedges were $3,465.7 million and $4,078.7 million , respectively. The Company also uses cross-currency interest rate swaps to hedge a portion of its net investment in its European operations. As of June 30, 2020 , U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $1,597.0 million were outstanding. As of December 31, 2019 , U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $750.0 million were outstanding. At maturity of each outstanding contract, the Company will receive U.S. Dollars from and pay Euros to the contract counterparty. During the term of each contract, the Company receives interest payments in U.S. Dollars and makes interest payments in Euros based on a notional amount and fixed interest rates determined at contract inception.
Derivatives Not Designated as Hedging Instruments	Derivatives Not Designated as Hedging Instruments Embedded Derivatives . The Company is deemed to have foreign currency forward contracts embedded in certain of the Company's customer agreements that are priced in currencies different from the functional or local currencies of the parties involved. These embedded derivatives are separated from their host contracts and carried on the Company's balance sheet at their fair value. The majority of these embedded derivatives arise as a result of the Company's foreign subsidiaries pricing their customer contracts in U.S. Dollars. Economic Hedges of Embedded Derivatives . The Company uses foreign currency forward contracts to manage the foreign exchange risk associated with the Company's customer agreements that are priced in currencies different from the functional or local currencies of the parties involved ("economic hedges of embedded derivatives"). Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. Foreign Currency Forward Contracts . The Company also uses foreign currency forward contracts to manage the foreign exchange risk associated with certain foreign currency-denominated monetary assets and liabilities. As a result
Fair Value Measurements	Valuation Methods Fair value estimates are made as of a specific point in time based on methods using the market approach valuation method which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities or other valuation techniques. These techniques involve uncertainties and are affected by the assumptions used and the judgments made regarding risk characteristics of various financial instruments, discount rates, estimates of future cash flows, future expected loss experience and other factors. Cash Equivalents and Investments. The fair value of the Company's investments in money market funds approximates their face value. Such instruments are included in cash equivalents. The Company's money market funds and publicly traded equity securities are classified within Level 1 of the fair value hierarchy because they are valued using quoted prices for identical instruments in active markets. The fair value of the Company's other investments, including certificates of deposit, approximates their face value. The fair value of these investments is priced based on the quoted market price for similar instruments or nonbinding market prices that are corroborated by observable market data. Such instruments are classified within Level 2 of the fair value hierarchy. The Company determines the fair values of its Level 2 investments by using inputs such as actual trade data, benchmark yields, broker/dealer quotes and other similar data, which are obtained from quoted market prices, custody bank, third-party pricing vendors or other sources. The Company uses such pricing data as the primary input to make its assessments and determinations as to the ultimate valuation of its investment portfolio and has not made, during the periods presented, any material adjustments to such inputs. The Company is responsible for its consolidated financial statements and underlying estimates. The Company uses the specific identification method in computing realized gains and losses. Realized gains and losses from the sale of investments are included within other income (expense) in the Company's consolidated statements of operations. The Company's investments in publicly traded equity securities are carried at fair value. Unrealized gains and losses on publicly traded equity securities are reported within other income (expense) in the Company's consolidated statements of operations. Derivative Assets and Liabilities . Inputs used for valuations of derivatives are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant inputs are observable in the market or can be corroborated by observable market data. The significant inputs used include spot currency rates and forward points, interest rate curves, and published credit default swap rates of its foreign exchange trading counterparties and other comparable companies. The Company has determined that the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, therefore the derivatives are categorized as Level 2.
Segment Information	While the Company has a single line of business, which is the design, build-out and operation of IBX data centers, it has determined that it has three

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of accounts receivable and credit losses	The following table summarizes the activity of the Company's allowance for doubtful accounts (in thousands): Balance at December 31, 2019 $ 13,026 Adjustments due to adoption of ASU 2016-13 900 Provision for allowance for doubtful accounts (1) 11,496 Net write-offs and recoveries (4,519 ) Balance at June 30, 2020 $ 20,903 (1) During the six months ended June 30, 2020, the Company recorded a provision for allowance for doubtful accounts of $6.3 million due to the impacts of the COVID-19 pandemic based on available information to date.
Schedule of allowance for doubtful accounts	The following table summarizes the activity of the Company's allowance for doubtful accounts (in thousands): Balance at December 31, 2019 $ 13,026 Adjustments due to adoption of ASU 2016-13 900 Provision for allowance for doubtful accounts (1) 11,496 Net write-offs and recoveries (4,519 ) Balance at June 30, 2020 $ 20,903 (1) During the six months ended June 30, 2020, the Company recorded a provision for allowance for doubtful accounts of $6.3 million

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Summary of opening and closing balances	The following table summarizes the opening and closing balances of the Company's accounts receivable, net; contract asset, current; contract asset, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net Contract asset, current Contract asset, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2020 $ 689,134 $ 10,033 $ 31,521 $ 76,193 $ 46,555 Closing balances as of June 30, 2020 691,589 10,688 47,194 84,709 48,140 Increase $ 2,455 $ 655 $ 15,673 $ 8,516 $ 1,585

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended 2020 2019 2020 2019 Net income $ 133,350 $ 143,852 $ 252,307 $ 261,599 Net (income) loss attributable to non-controlling interests (46 ) (325 ) (211 ) 6 Net income attributable to Equinix $ 133,304 $ 143,527 $ 252,096 $ 261,605 Weighted-average shares used to calculate basic EPS 87,303 84,399 86,427 83,114 Effect of dilutive securities: Employee equity awards 598 368 638 357 Weighted-average shares used to calculate diluted EPS 87,901 84,767 87,065 83,471 EPS attributable to Equinix: Basic EPS $ 1.53 $ 1.70 $ 2.92 $ 3.15 Diluted EPS $ 1.52 $ 1.69 $ 2.90 $ 3.13

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of final allocation of total purchase consideration	A summary of the preliminary allocation of total purchase consideration is presented as follows (in thousands): Packet Axtel Cash and cash equivalents $ 1,068 $ — Accounts receivable 5,073 — Other current assets 117 14,048 Property, plant and equipment 27,945 76,407 Operating lease right-of-use assets 1,519 1,646 Intangible assets 62,700 22,750 Goodwill 227,602 78,902 Other assets 138 — Total assets acquired 326,162 193,753 Accounts payable and accrued liabilities (1,001 ) (238 ) Other current liabilities (860 ) — Operating lease liabilities (1,519 ) (1,586 ) Finance lease liabilities (27,945 ) — Other liabilities — (162 ) Deferred tax liabilities (4,539 ) (2,749 ) Net assets acquired $ 290,298 $ 189,018
Schedule of acquired intangible assets	The following table presents certain information on the acquired intangible assets (in thousands): Intangible Assets Fair Value Estimated Useful Lives (Years) Weighted-average Estimated Useful Lives (Years) Packet: Trade names $ 1,600 3.0 3.0 Existing technology 5,100 3.0 3.0 Customer relationships 56,000 10.0 10.0 Axtel: Customer relationships 22,750 15.0 15.0

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of net investment hedges	The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency debt $ (85,215 ) $ (34,309 ) $ 13,887 $ 29,606 Cross-currency interest rate swaps (included component) (1) (10,333 ) (9,689 ) 3,807 5,826 Cross-currency interest rate swaps (excluded component) (2) (1,510 ) 6,141 30,194 3,551 Total $ (97,058 ) $ (37,857 ) $ 47,888 $ 38,983 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Six Months Ended 2020 2019 2020 2019 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 5,459 $ 4,928 $ 10,548 $ 9,091 Total $ 5,459 $ 4,928 $ 10,548 $ 9,091 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents cross-currency basis spread and interest rates.
Summary of cash flow hedges	The effect of cash flow hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency forward and option contracts (included component) (1) $ (22,347 ) $ (2,599 ) $ 5,678 $ 8,366 Foreign currency option contracts (excluded component) (2) 358 (1,405 ) 1,676 (1,405 ) Interest rate locks (650 ) — (26,882 ) — Total $ (22,639 ) $ (4,004 ) $ (19,528 ) $ 6,961 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Revenues $ 20,558 $ 18,684 $ 41,777 $ 28,545 Foreign currency forward contracts Costs and operating expenses (10,498 ) (9,745 ) (21,498 ) (15,074 ) Interest rate locks Interest Expense 90 — 258 — Total $ 10,150 $ 8,939 $ 20,537 $ 13,471 Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Other income (expense) $ — $ — $ — $ 88 Foreign currency option contracts (excluded component) (2) Revenues (503 ) (17 ) (1,024 ) (17 ) Total $ (503 ) $ (17 ) $ (1,024 ) $ 71 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents option's time value.
Schedule of derivatives not designated as hedging instruments in the Company's condensed consolidated statements of operations	The following table presents the effect of derivatives not designated as hedging instruments in the Company's condensed consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Three Months Ended Six Months Ended Location of gain or (loss) 2020 2019 2020 2019 Embedded derivatives Revenues $ (2,741 ) $ (185 ) $ 4,710 $ 722 Economic hedge of embedded derivatives Revenues 2,301 598 (5,601 ) 541 Foreign currency forward contracts Other income (expense) (113,016 ) 10,148 20,808 18,499 Total $ (113,456 ) $ 10,561 $ 19,917 $ 19,762
Schedule of derivative instruments recognized in the Company's condensed consolidated balance sheets	The following table presents the fair value of derivative instruments recognized in the Company's condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019 (in thousands): June 30, 2020 December 31, 2019 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 27,084 $ 3,896 $ 24,853 $ 5,898 Interest rate locks 886 1,583 — — Net investment hedges Cross-currency interest rate swaps 60,252 — 26,251 — Total designated as hedging 88,222 5,479 51,104 5,898 Not designated as hedging instruments: Embedded derivatives 8,227 1,223 4,595 2,268 Economic hedges of embedded derivatives 1,937 42 1,367 — Foreign currency forward contracts 990 75,101 641 27,446 Total not designated as hedging 11,154 76,366 6,603 29,714 Total Derivatives $ 99,376 $ 81,845 $ 57,707 $ 35,612 (1) As presented in the Company's condensed consolidated balance sheets within other current assets and other assets. (2) As presented in the Company's condensed consolidated balance sheets within other current liabilities and other liabilities.
Schedule of offsetting derivative assets and liabilities	The following table presents information related to these offsetting arrangements as of June 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Consolidated Balance Sheet Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net June 30, 2020 Derivative assets $ 119,426 $ — $ 119,426 $ (60,426 ) $ 59,000 Derivative liabilities 92,804 — 92,804 (60,426 ) 32,378 December 31, 2019 Derivative assets $ 76,640 $ — $ 76,640 $ (37,820 ) $ 38,820 Derivative liabilities 45,832 — 45,832 (37,820 ) 8,012
Schedule of offsetting derivative assets and liabilities	The following table presents information related to these offsetting arrangements as of June 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Consolidated Balance Sheet Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net June 30, 2020 Derivative assets $ 119,426 $ — $ 119,426 $ (60,426 ) $ 59,000 Derivative liabilities 92,804 — 92,804 (60,426 ) 32,378 December 31, 2019 Derivative assets $ 76,640 $ — $ 76,640 $ (37,820 ) $ 38,820 Derivative liabilities 45,832 — 45,832 (37,820 ) 8,012

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	The Company's financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 were as follows (in thousands): Fair Value at Fair Value Measurement Using Level 1 Level 2 Assets: Money market and deposit accounts $ 2,594,622 $ 2,594,622 $ — Publicly traded equity securities 5,927 5,927 — Certificates of deposit 16,142 — 16,142 Derivative instruments (1) 99,376 — 99,376 Total $ 2,716,067 $ 2,600,549 $ 115,518 Liabilities: Derivative instruments (1) $ 81,845 $ — $ 81,845 (1) Amounts are included within other current assets, other assets, others current liabilities and other liabilities in the Company's accompanying condensed consolidated balance sheet. The Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 were as follows (in thousands): Fair Value at Fair Value Measurement Using Level 1 Level 2 Assets: Money market and deposit accounts $ 886,547 $ 886,547 $ — Publicly traded equity securities 2,779 2,779 — Certificates of deposit 7,583 — 7,583 Derivative instruments (1) 57,707 — 57,707 Total $ 954,616 $ 889,326 $ 65,290 Liabilities: Derivative instruments (1) $ 35,612 $ — $ 35,612 (1) Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the Company's accompanying condensed consolidated balance sheet.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of lease expenses	The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 28,897 19,811 $ 54,062 $ 39,897 Interest on lease liabilities 28,438 27,111 56,263 54,634 Total finance lease cost 57,335 46,922 110,325 94,531 Operating lease cost 52,556 54,920 106,347 106,559 Total lease cost $ 109,891 $ 101,842 $ 216,672 $ 201,090 (1) Amortization of right-of-use assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations.
Other information related to leases	Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 54,417 $ 52,701 Operating cash flows from operating leases 102,146 101,875 Financing cash flows from finance leases 42,681 43,112 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 311,951 $ 2,597 Operating leases 14,114 77,905 As of June 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 15 years 15 years Weighted-average remaining lease term - operating leases (2) 13 years 13 years Weighted-average discount rate - finance leases 8 % 9 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease assets (3) $ 1,516,351 $ 1,277,614 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $528.6 million and $474.8 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Maturities of lease liabilities	Maturities of lease liabilities as of June 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (6 months remaining) $ 87,527 $ 95,454 $ 182,981 2021 192,368 205,435 397,803 2022 184,049 202,461 386,510 2023 168,561 197,071 365,632 2024 156,627 194,842 351,469 Thereafter 1,094,015 1,975,440 3,069,455 Total lease payments 1,883,147 2,870,703 4,753,850 Plus amount representing residual property value — 17,626 17,626 Less imputed interest (499,952 ) (1,127,481 ) (1,627,433 ) Total $ 1,383,195 $ 1,760,848 $ 3,144,043
Maturities of lease liabilities	Maturities of lease liabilities as of June 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (6 months remaining) $ 87,527 $ 95,454 $ 182,981 2021 192,368 205,435 397,803 2022 184,049 202,461 386,510 2023 168,561 197,071 365,632 2024 156,627 194,842 351,469 Thereafter 1,094,015 1,975,440 3,069,455 Total lease payments 1,883,147 2,870,703 4,753,850 Plus amount representing residual property value — 17,626 17,626 Less imputed interest (499,952 ) (1,127,481 ) (1,627,433 ) Total $ 1,383,195 $ 1,760,848 $ 3,144,043

Debt Facilities (Tables)

Debt Facilities (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of debt	As of June 30, 2020 and December 31, 2019 , the Company's senior notes consisted of the following (in thousands): June 30, 2020 December 31, 2019 Amount Effective Rate Amount Effective Rate 5.000% Infomart Senior Notes (1) $ 300,000 4.49 % $ 450,000 4.46 % 5.375% Senior Notes due 2022 — — % 343,711 5.56 % 2.625% Senior Notes due 2024 1,000,000 2.79 % 1,000,000 2.79 % 2.875% Euro Senior Notes due 2024 842,775 3.08 % 841,500 3.08 % 2.875% Euro Senior Notes due 2025 1,123,700 3.04 % 1,122,000 3.04 % 2.900% Senior Notes due 2026 600,000 3.04 % 600,000 3.04 % 5.875% Senior Notes due 2026 1,100,000 6.03 % 1,100,000 6.03 % 2.875% Euro Senior Notes due 2026 1,123,700 3.04 % 1,122,000 3.04 % 5.375% Senior Notes due 2027 1,250,000 5.51 % 1,250,000 5.51 % 3.200% Senior Notes due 2029 1,200,000 3.30 % 1,200,000 3.30 % 1.250% Senior Notes due 2025 500,000 1.46 % — — % 1.800% Senior Notes due 2027 500,000 1.96 % — — % 2.150% Senior Notes due 2030 1,100,000 2.27 % — — % 3.000% Senior Notes due 2050 500,000 3.09 % — — % 11,140,175 9,029,211 Less amount representing unamortized debt issuance cost (108,519 ) (78,030 ) Add amount representing unamortized debt premium 745 1,716 11,032,401 8,952,897 Less current portion (2,227,768 ) (643,224 ) Total $ 8,804,633 $ 8,309,673 (1) 5.000% Infomart Senior Notes consist of two tranches outstanding due in each of October 2020 and April 2021. The effective rate represents the weighted-average effective interest rates of the tranches outstanding at the periods presented in the table above. As of June 30, 2020 and December 31, 2019 , the Company's mortgage and loans payable consisted of the following (in thousands): June 30, December 31, 2019 Term loans $ 1,218,259 $ 1,287,151 Mortgage payable and loans payable 77,574 82,967 1,295,833 1,370,118 Less amount representing unamortized debt discount and debt issuance cost (3,927 ) (4,849 ) Add amount representing unamortized mortgage premium 1,732 1,768 1,293,638 1,367,037 Less current portion (75,589 ) (77,603 ) Total $ 1,218,049 $ 1,289,434
Summary of maturities of debt instruments	The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2020 (in thousands): Years ending: 2020 (6 months remaining) $ 2,130,697 2021 225,580 2022 1,148,837 2023 6,510 2024 1,006,031 Thereafter 7,920,085 Total $ 12,437,740
Fair value of debt instruments	The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes, including current maturities, as of (in thousands): June 30, December 31, Mortgage and loans payable $ 1,304,463 $ 1,378,429 Senior notes 11,580,351 9,339,497
Schedule of interest charges incurred	The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Interest expense $ 108,480 $ 120,547 $ 215,818 $ 243,393 Interest capitalized 6,880 5,910 12,911 15,764 Interest charges incurred $ 115,360 $ 126,457 $ 228,729 $ 259,157

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of rollforward of stockholders' equity	The following tables provide a rollforward of stockholders' equity for the three and six months ended June 30, 2020 and 2019 (in thousands): AOCI (Loss) Retained Earnings Equinix Stockholders' Equity Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Paid-in Capital Accumulated Shares Amount Shares Amount Balance as of December 31, 2019 85,700,953 $ 86 (392,567 ) $ (144,256 ) $ 12,696,433 $ (4,168,469 ) $ (934,613 ) $ 1,391,425 $ 8,840,606 $ (224 ) $ 8,840,382 Adjustment from adoption of new accounting standard update — — — — — — — (900 ) (900 ) — (900 ) Net income — — — — — — — 118,792 118,792 165 118,957 Other comprehensive loss — — — — — — (272,056 ) — (272,056 ) (11 ) (272,067 ) Issuance of common stock and release of treasury stock for employee equity awards 405,550 — 50,594 16,958 13,432 — — — 30,390 — 30,390 Issuance of common stock under ATM Program 162,530 — — — 101,791 — — — 101,791 — 101,791 Dividend distribution on common stock, $2.66 per share — — — — — (227,387 ) — — (227,387 ) — (227,387 ) Settlement of accrued dividends on vested equity awards — — — — 109 (403 ) — — (294 ) — (294 ) Accrued dividends on unvested equity awards — — — — — (3,268 ) — — (3,268 ) — (3,268 ) Stock-based compensation, net of estimated forfeitures — — — — 81,690 — — — 81,690 — 81,690 Balance as of March 31, 2020 86,269,033 86 (341,973 ) (127,298 ) 12,893,455 (4,399,527 ) (1,206,669 ) 1,509,317 8,669,364 (70 ) 8,669,294 Net income — — — — — — — 133,304 133,304 46 133,350 Other comprehensive income — — — — — — 66,378 — 66,378 2 66,380 Issuance of common stock and release of treasury stock for employee equity awards 34,146 — 688 256 (256 ) — — — — — — Issuance of common stock for equity offering 2,587,500 3 1,683,103 1,683,106 1,683,106 Dividend distribution on common stock, $2.66 per share — — — — — (235,334 ) — — (235,334 ) — (235,334 ) Settlement of accrued dividends on vested equity awards — — — — — (44 ) — — (44 ) — (44 ) Accrued dividends on unvested equity awards — — — — — (4,136 ) — — (4,136 ) — (4,136 ) Stock-based compensation, net of estimated forfeitures — — — — 75,642 — — — 75,642 — 75,642 Balance as of June 30, 2020 88,890,679 $ 89 (341,285 ) $ (127,042 ) $ 14,651,944 $ (4,639,041 ) $ (1,140,291 ) $ 1,642,621 $ 10,388,280 $ (22 ) $ 10,388,258 Additional Paid-in Capital Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Balance as of December 31, 2018 81,119,117 $ 81 (396,859 ) $ (145,161 ) $ 10,751,313 $ (3,331,200 ) $ (945,702 ) $ 889,948 $ 7,219,279 $ — $ 7,219,279 Adjustment from adoption of new accounting standard update — — — — — — — (5,973 ) (5,973 ) — (5,973 ) Net income (loss) — — — — — — — 118,078 118,078 (331 ) 117,747 Other comprehensive income — — — — — — 3,337 — 3,337 7 3,344 Issuance of common stock and release of treasury stock for employee equity awards 360,464 — 1,706 360 27,233 — — — 27,593 — 27,593 Issuance of common stock for equity offering 2,985,575 3 — — 1,213,431 — — — 1,213,434 — 1,213,434 Dividend distribution on common stock, $2.46 per share — — — — — (198,933 ) — — (198,933 ) — (198,933 ) Settlement of accrued dividends on vested equity awards — — — — 284 (387 ) — — (103 ) — (103 ) Accrued dividends on unvested equity awards — — — — — (2,395 ) — — (2,395 ) — (2,395 ) Stock-based compensation, net of estimated forfeitures — — — — 50,795 — — — 50,795 — 50,795 Balance as of March 31, 2019 84,465,156 $ 84 (395,153 ) $ (144,801 ) $ 12,043,056 $ (3,532,915 ) $ (942,365 ) $ 1,002,053 $ 8,425,112 $ (324 ) $ 8,424,788 Net income — — — — — — — 143,527 143,527 325 143,852 Other comprehensive loss — — — — — — (16,078 ) — (16,078 ) (14 ) (16,092 ) Issuance of common stock and release of treasury stock for employee equity awards 26,435 — 359 76 (76 ) — — — — — — Issuance of common stock under ATM Program 722,361 1 — — 348,120 — — — 348,121 — 348,121 Dividend distribution on common stock, $2.46 per share — — — — — (207,949 ) — — (207,949 ) — (207,949 ) Settlement of accrued dividends on vested equity awards — — — — 12 (33 ) — — (21 ) — (21 ) Accrued dividends on unvested equity awards — — — — — (2,972 ) — — (2,972 ) — (2,972 ) Stock-based compensation, net of estimated forfeitures — — — — 59,502 — — — 59,502 — 59,502 Balance as of June 30, 2019 85,213,952 85 (394,794 ) (144,725 ) 12,450,614 (3,743,869 ) (958,443 ) 1,145,580 8,749,242 (13 ) 8,749,229
Schedule of changes in accumulated other comprehensive loss	The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): Balance as of Net Change Balance as of Foreign currency translation adjustment ("CTA") loss $ (1,056,918 ) $ (232,497 ) $ (1,289,415 ) Unrealized gain (loss) on cash flow hedges (1) 15,638 (21,124 ) (5,486 ) Net investment hedge CTA gain (1) 107,619 47,888 155,507 Net actuarial gain (loss) on defined benefit plans (2) (952 ) 55 (897 ) Accumulated other comprehensive loss attributable to Equinix $ (934,613 ) $ (205,678 ) $ (1,140,291 ) (1) Refer to Note 7 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income. (2) The Company has a defined benefit pension plan covering all employees in one country where such plan is mandated by law. The Company does not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization.
Schedule of stock-based compensation expense by operating expense category	The following table presents, by operating expense category, the Company's stock-based compensation expense recognized in the Company's condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Cost of revenues $ 7,655 $ 6,500 $ 16,998 $ 11,512 Sales and marketing 18,215 15,157 36,760 28,458 General and administrative 49,974 39,862 102,652 70,572 Total $ 75,844 $ 61,519 $ 156,410 $ 110,542

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of revenue information disaggregated by service lines and geographic areas	The following tables present revenue information disaggregated by product lines and geographic areas (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 447,498 $ 381,144 $ 228,803 $ 1,057,445 $ 898,452 $ 743,474 $ 449,896 $ 2,091,822 Interconnection 153,387 50,904 45,140 249,431 304,316 99,445 87,811 491,572 Managed infrastructure 28,889 29,012 22,150 80,051 54,418 59,149 43,974 157,541 Other (1) 5,081 6,130 — 11,211 10,301 8,596 — 18,897 Recurring revenues 634,855 467,190 296,093 1,398,138 1,267,487 910,664 581,681 2,759,832 Non-recurring revenues 26,564 20,900 24,519 71,983 55,837 56,335 42,659 154,831 Total $ 661,419 $ 488,090 $ 320,612 $ 1,470,121 $ 1,323,324 $ 966,999 $ 624,340 $ 2,914,663 (1) Includes some leasing and hedging activities. Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 444,086 $ 347,795 $ 213,734 $ 1,005,615 $ 884,067 $ 678,920 $ 423,399 $ 1,986,386 Interconnection 142,460 38,614 37,957 219,031 281,023 76,139 74,653 431,815 Managed infrastructure 22,908 28,397 22,467 73,772 44,695 57,485 44,387 146,567 Other (1) 5,352 2,275 — 7,627 11,331 4,774 — 16,105 Recurring revenues 614,806 417,081 274,158 1,306,045 1,221,116 817,318 542,439 2,580,873 Non-recurring revenues 29,614 32,774 16,544 78,932 67,670 67,197 32,455 167,322 Total $ 644,420 $ 449,855 $ 290,702 $ 1,384,977 $ 1,288,786 $ 884,515 $ 574,894 $ 2,748,195 (1) Includes some leasing and hedging activities.
Schedule of adjusted EBITDA	The Company defines adjusted EBITDA as income from operations excluding depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Adjusted EBITDA: Americas $ 302,107 $ 309,052 $ 595,720 $ 616,890 EMEA 243,597 209,645 473,755 408,717 Asia-Pacific 174,337 158,313 334,776 311,558 Total adjusted EBITDA 720,041 677,010 1,404,251 1,337,165 Depreciation, amortization and accretion expense (348,434 ) (320,550 ) (685,865 ) (635,255 ) Stock-based compensation expense (75,844 ) (61,519 ) (156,410 ) (110,542 ) Impairment charges — (386 ) — (14,834 ) Transaction costs (13,617 ) (2,774 ) (25,147 ) (5,245 ) Gain (loss) on asset sales 342 — (857 ) — Income from operations $ 282,488 $ 291,781 $ 535,972 $ 571,289
Segment disclosures	The Company also provides the following additional segment disclosures (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Depreciation and amortization: Americas $ 180,934 $ 167,244 $ 352,008 $ 334,014 EMEA 93,012 87,980 185,386 172,145 Asia-Pacific 74,647 64,000 147,068 126,243 Total $ 348,593 $ 319,224 $ 684,462 $ 632,402 Capital expenditures: Americas $ 181,913 $ 173,623 $ 366,314 $ 318,118 EMEA 197,264 170,851 319,392 335,206 Asia-Pacific 102,771 99,697 197,183 154,814 Total $ 481,948 $ 444,171 $ 882,889 $ 808,138
Segment long-lived assets	The Company's long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, located in the following geographic areas as of (in thousands): June 30, December 31, Americas $ 5,649,000 $ 5,400,287 EMEA 4,321,446 4,051,701 Asia-Pacific 2,693,381 2,700,609 Total Property, plant and equipment, net $ 12,663,827 $ 12,152,597 Americas $ 368,959 $ 387,598 EMEA 498,334 521,129 Asia-Pacific 528,808 566,640 Total Operating lease right-of-use assets $ 1,396,101 $ 1,475,367

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Narrative (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2020USD ($)	Jan. 08, 2020data_center	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate, continuing operations	22.90%	25.60%
Adjustments due to adoption of ASU 2016-13	$ 10,388,258	$ 8,749,229	$ 8,669,294			$ 8,840,382	$ 8,424,788	$ 7,219,279
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustments due to adoption of ASU 2016-13	1,642,621	$ 1,145,580	$ 1,509,317			1,391,425	$ 1,002,053	889,948
COVID-19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in allowance for credit loss COVID-19	6,300
Payments for one-time bonus and compensation costs COVID-19	$ 8,600
Cumulative adjustment due to adoption of ASU
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustments due to adoption of ASU 2016-13						(900)		(5,973)
Cumulative adjustment due to adoption of ASU | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustments due to adoption of ASU 2016-13					$ 900	$ (900)		$ (5,973)
Axtel
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Data centers purchased | data_center				3

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 13,026	$ 13,026
Adjustments due to adoption of ASU 2016-13		10,388,258	$ 8,749,229	$ 8,669,294	$ 8,840,382	$ 8,424,788	$ 7,219,279
Provision for allowance for doubtful accounts		11,496	7,097
Net write-offs and recoveries		(4,519)
Ending balance		20,903
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Retained Earnings
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adjustments due to adoption of ASU 2016-13		1,642,621	$ 1,145,580	$ 1,509,317	1,391,425	$ 1,002,053	889,948
Accounting Standards Update 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance	$ 900
Cumulative adjustment due to adoption of ASU
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adjustments due to adoption of ASU 2016-13					(900)		(5,973)
Cumulative adjustment due to adoption of ASU | Retained Earnings
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adjustments due to adoption of ASU 2016-13	$ 900				$ (900)		$ (5,973)
COVID-19
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Ending balance		$ 6,300

Revenue - Opening and Closing B

Revenue - Opening and Closing Balances (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 691,589	$ 689,134	$ 689,134
Increase in accounts receivables	2,455
Contract asset, current	10,688	10,033
Increase in contract asset, current	655
Contract asset, non-current	47,194	31,521
Increase in contract asset, non-current	15,673
Deferred revenue, current	84,709	76,193
Increase in deferred revenue, current	8,516
Deferred revenue, non-current	48,140	$ 46,555
Increase in deferred revenue, non-current	$ 1,585

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Deferred revenue, revenue recognized	$ 56.5
Revenue, remaining performance obligation	$ 7,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	24 months

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 133,350	$ 118,957	$ 143,852	$ 117,747	$ 252,307	$ 261,599
Net (income) loss attributable to non-controlling interests	(46)		(325)		(211)	6
Net income attributable to Equinix	$ 133,304		$ 143,527		$ 252,096	$ 261,605
Weighted-average shares used to calculate basic EPS (in shares)	87,303		84,399		86,427	83,114
Effect of dilutive securities:
Employee equity awards (in shares)	598		368		638	357
Weighted-average shares used to calculate diluted EPS (in shares)	87,901		84,767		87,065	83,471
Basic EPS (in dollars per share)	$ 1.53		$ 1.70		$ 2.92	$ 3.15
Diluted EPS (in dollars per share)	$ 1.52		$ 1.69		$ 2.90	$ 3.13

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Earnings Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Anti-dilutive potential shares of common stock excluded from computation of earnings per share (in shares)	31	4	23	54

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Detail) $ in Thousands, € in Millions	Mar. 02, 2020USD ($)	Jan. 08, 2020USD ($)data_center	Apr. 18, 2019EUR (€)	Apr. 18, 2019USD ($)	Dec. 31, 2020USD ($)data_center_site	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Business Acquisition [Line Items]
Cash paid to accelerate vesting						$ 75,844		$ 61,519	$ 156,410	$ 110,542
Transaction costs for acquisitions						13,617		$ 2,774	25,147	$ 5,245
Packet Host, Inc.
Business Acquisition [Line Items]
Consideration transferred	$ 290,300
Cash paid to accelerate vesting							$ 16,100
Value of equity issued	$ 30,200
Vesting period of equity issued	3 years
Adjustment to provisional amounts, intangible assets						5,900
Adjustment to provisional amounts, goodwill						4,500
Packet Host, Inc. | Trade names | Measurement input, royalty rate
Business Acquisition [Line Items]
Measurement input	0.010
Packet Host, Inc. | Trade names | Measurement input, discount rate
Business Acquisition [Line Items]
Measurement input	0.080
Packet Host, Inc. | Customer relationships | Measurement input, discount rate
Business Acquisition [Line Items]
Measurement input	0.080
Axtel
Business Acquisition [Line Items]
Consideration transferred		$ 189,000
Data centers purchased | data_center		3
Cash consideration for acquisition		$ 175,000
Value added taxes		$ 14,000
Axtel | Customer relationships | Measurement input, discount rate
Business Acquisition [Line Items]
Measurement input		0.133
Packet and Axtel Acquisitions
Business Acquisition [Line Items]
Transaction costs for acquisitions									10,500
Revenues from acquisitions included in results of operations						13,300			21,500
Net loss of acquisitions included in earnings						$ 7,000			$ 20,300
Switch Datacenters' AMS1
Business Acquisition [Line Items]
Cash consideration for acquisition			€ 30.6	$ 34,300
Forecast | Bell Acquisition
Business Acquisition [Line Items]
Cash consideration for acquisition					$ 750,000
Data center sites purchased | data_center_site					13

Acquisitions - Preliminary Purc

Acquisitions - Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 02, 2020	Jan. 08, 2020	Dec. 31, 2019
Allocation of purchase price consideration
Goodwill	$ 5,016,350			$ 4,781,858
Packet Host, Inc.
Allocation of purchase price consideration
Cash and cash equivalents		$ 1,068
Accounts receivable		5,073
Other current assets		117
Property, plant, and equipment		27,945
Operating lease right-of-use assets		1,519
Intangible assets		62,700
Goodwill		227,602
Other assets		138
Total assets acquired		326,162
Accounts payable and accrued liabilities		(1,001)
Other current liabilities		(860)
Operating lease liabilities		(1,519)
Finance lease liabilities		(27,945)
Other liabilities		0
Deferred tax liabilities		(4,539)
Net assets acquired		$ 290,298
Axtel
Allocation of purchase price consideration
Cash and cash equivalents			$ 0
Accounts receivable			0
Other current assets			14,048
Property, plant, and equipment			76,407
Operating lease right-of-use assets			1,646
Intangible assets			22,750
Goodwill			78,902
Other assets			0
Total assets acquired			193,753
Accounts payable and accrued liabilities			(238)
Other current liabilities			0
Operating lease liabilities			(1,586)
Finance lease liabilities			0
Other liabilities			(162)
Deferred tax liabilities			(2,749)
Net assets acquired			$ 189,018

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 02, 2020	Jan. 08, 2020
Trade names | Packet Host, Inc.
Business Acquisition [Line Items]
Fair Value	$ 1,600
Estimated Useful Lives (Years)	3 years
Weighted-average Estimated Useful Lives (Years)	3 years
Existing technology | Packet Host, Inc.
Business Acquisition [Line Items]
Fair Value	$ 5,100
Estimated Useful Lives (Years)	3 years
Weighted-average Estimated Useful Lives (Years)	3 years
Customer relationships | Packet Host, Inc.
Business Acquisition [Line Items]
Fair Value	$ 56,000
Estimated Useful Lives (Years)	10 years
Weighted-average Estimated Useful Lives (Years)	10 years
Customer relationships | Axtel
Business Acquisition [Line Items]
Fair Value		$ 22,750
Estimated Useful Lives (Years)		15 years
Weighted-average Estimated Useful Lives (Years)		15 years

Assets Held for Sale (Details)

Assets Held for Sale (Details) $ in Millions	Dec. 31, 2020development_site	Jun. 30, 2020USD ($)	Oct. 08, 2019
Long Lived Assets Held-for-sale [Line Items]
Equity method investment, ownership percentage			20.00%
GIC, Singapore Sovereign Wealth Fund | GIC
Long Lived Assets Held-for-sale [Line Items]
Equity method investment, ownership percentage			80.00%
Forecast
Long Lived Assets Held-for-sale [Line Items]
Equity method investment, ownership percentage	20.00%
Number of development sites | development_site	3
Forecast | GIC, Singapore Sovereign Wealth Fund | GIC
Long Lived Assets Held-for-sale [Line Items]
Equity method investment, ownership percentage	80.00%
Liabilities held-for-sale
Long Lived Assets Held-for-sale [Line Items]
Liabilities held-for-sale		$ 7.2
Property, plant and equipment
Long Lived Assets Held-for-sale [Line Items]
Assets held-for-sale		141.2
Other Current Assets
Long Lived Assets Held-for-sale [Line Items]
Assets held-for-sale		$ 11

Equity Method Investments (Deta

Equity Method Investments (Details) € in Millions, $ in Millions	Oct. 08, 2019EUR (€)	Oct. 08, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Proceeds from sale of data centers		$ 351.8
Equity method investment, ownership percentage		20.00%
Equity method investments			$ 79.8	$ 79.8	$ 59.7
Fair value of contingent consideration			39.3	39.3	$ 40.1
Equinix, Inc.
Schedule of Equity Method Investments [Line Items]
Additional equity contribution made to joint venture			$ 7.6	$ 12.7
GIC | GIC, Singapore Sovereign Wealth Fund
Schedule of Equity Method Investments [Line Items]
Contribution made to joint venture	€ 152.6	$ 167.4
Equity method investment, ownership percentage		80.00%
Equity Method Investments | Equinix, Inc.
Schedule of Equity Method Investments [Line Items]
Fair value of equity interest in joint venture		$ 41.9

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Narrative (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Designated as hedging instruments: | Cross Currency Interest Rate Contract
Derivative [Line Items]
Derivative, notional amount	$ 1,597,000,000	$ 750,000,000
Not designated as hedging instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative, notional amount	3,600,000,000	2,500,000,000
Net investment hedges | Designated as hedging instruments:
Derivative [Line Items]
Derivative, notional amount	3,465,700,000	4,078,700,000
Cash flow hedges | Foreign currency forward and option contracts (included component)
Derivative [Line Items]
Derivative, notional amount	984,800,000	824,800,000
Net loss to be reclassified within the next 12 months	(20,100,000)	(16,300,000)
Cash flow hedges | Interest rate locks
Derivative [Line Items]
Derivative, notional amount	618,000,000	$ 0
Net loss to be reclassified within the next 12 months	3,000,000
Derivative, notional aggregate amount settled	$ 1,250,000,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income	$ (97,058)	$ (37,857)	$ 47,888	$ 38,983
Amount of gain or (loss) excluded from effectiveness testing included in income:	5,459	4,928	10,548	9,091
Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(22,639)	(4,004)	(19,528)	6,961
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	10,150	8,939	20,537	13,471
Amount of gain or (loss) excluded from effectiveness testing included in income:	(503)	(17)	(1,024)	71
Foreign Currency Debt | Net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income	(85,215)	(34,309)	13,887	29,606
Foreign currency forward and option contracts (included component) | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(22,347)	(2,599)	5,678	8,366
Foreign currency option contracts (excluded component) | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income	358	(1,405)	1,676	(1,405)
Foreign currency option contracts (excluded component) | Cash flow hedges | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) excluded from effectiveness testing included in income:	(503)	(17)	(1,024)	(17)
Interest rate locks | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(650)	0	(26,882)	0
Interest rate locks | Cash flow hedges | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	90	0	258	0
Foreign currency forward contracts | Cash flow hedges | Costs and operating expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	(10,498)	(9,745)	(21,498)	(15,074)
Foreign currency forward contracts | Cash flow hedges | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) excluded from effectiveness testing included in income:	0	0	0	88
Foreign currency forward contracts | Cash flow hedges | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	20,558	18,684	41,777	28,545
Cross-currency interest rate swap | Net investment hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income	(10,333)	(9,689)	3,807	5,826
Amount of gain or (loss) recognized in accumulated other comprehensive income	(1,510)	6,141	30,194	3,551
Cross-currency interest rate swap | Net investment hedges | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) excluded from effectiveness testing included in income:	$ 5,459	$ 4,928	$ 10,548	$ 9,091

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ (113,456)	$ 10,561	$ 19,917	$ 19,762
Embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	(2,741)	(185)	4,710	722
Economic hedge of embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	2,301	598	(5,601)	541
Foreign currency forward contracts | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ (113,016)	$ 10,148	$ 20,808	$ 18,499

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 99,376	$ 57,707
Liabilities	81,845	35,612
Designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	88,222	51,104
Liabilities	5,479	5,898
Designated as hedging instruments: | Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	27,084	24,853
Liabilities	3,896	5,898
Designated as hedging instruments: | Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	886	0
Liabilities	1,583	0
Designated as hedging instruments: | Cross-currency interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	60,252	26,251
Liabilities	0	0
Not designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	11,154	6,603
Liabilities	76,366	29,714
Not designated as hedging instruments: | Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	8,227	4,595
Liabilities	1,223	2,268
Not designated as hedging instruments: | Economic hedge of embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	1,937	1,367
Liabilities	42	0
Not designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	990	641
Liabilities	$ 75,101	$ 27,446

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative assets
Gross Amounts	$ 119,426	$ 76,640
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	119,426	76,640
Gross Amounts not Offset in the Balance Sheet	(60,426)	(37,820)
Net	59,000	38,820
Derivative liabilities
Gross Amounts	92,804	45,832
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	92,804	45,832
Gross Amounts not Offset in the Balance Sheet	(60,426)	(37,820)
Net	$ 32,378	$ 8,012

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Publicly traded equity securities	$ 5,927	$ 2,779
Derivative instruments	99,376	57,707
Total financial assets	2,716,067	954,616
Liabilities:
Derivative instruments	81,845	35,612
Money market and deposit accounts
Assets:
Cash and cash equivalents	2,594,622	886,547
Certificates of deposit
Assets:
Cash and cash equivalents	16,142	7,583
Level 1
Assets:
Publicly traded equity securities	5,927	2,779
Derivative instruments	0	0
Total financial assets	2,600,549	889,326
Liabilities:
Derivative instruments	0	0
Level 1 | Money market and deposit accounts
Assets:
Cash and cash equivalents	2,594,622	886,547
Level 1 | Certificates of deposit
Assets:
Cash and cash equivalents	0	0
Level 2
Assets:
Publicly traded equity securities	0	0
Derivative instruments	99,376	57,707
Total financial assets	115,518	65,290
Liabilities:
Derivative instruments	81,845	35,612
Level 2 | Money market and deposit accounts
Assets:
Cash and cash equivalents	0	0
Level 2 | Certificates of deposit
Assets:
Cash and cash equivalents	$ 16,142	$ 7,583

Leases - Narrative (Detail)

Leases - Narrative (Detail) $ in Thousands, د.إ in Millions, $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)renewal_optionlease	Jun. 30, 2020SGD ($)renewal_optionlease	Jun. 30, 2020AED (د.إ)renewal_optionlease	May 31, 2020renewal_option	Apr. 30, 2020renewal_option	Mar. 31, 2020HKD ($)	Mar. 31, 2020USD ($)	Feb. 29, 2020	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Number of renewal options | renewal_option	2	2	2
Finance lease term					11 years
Right-of-use asset, finance lease	$ 1,516,351								$ 1,277,614
Lease liability, finance lease	1,760,848
Operating lease, liability	$ 1,383,195
Finance lease, renewal term	3 years	3 years	3 years
Operating lease right-of-use assets	$ 1,396,101								$ 1,475,367
Number of finance leases | lease	2	2	2
Lease liability	$ 705,600
Silicon Valley 4 Data Center
Lessee, Lease, Description [Line Items]
Finance lease renewal term								5 years
Finance lease term								15 years 7 months
Right-of-use asset, finance lease							$ 62,800
Lease liability, finance lease							$ 63,300
Finance lease, renewal term								5 years
Hong Kong 1 Data Center
Lessee, Lease, Description [Line Items]
Finance lease term						18 years	18 years
Right-of-use asset, finance lease						$ 163	$ 21,000
Headquarter Office in Redwood City, California
Lessee, Lease, Description [Line Items]
Finance lease renewal term					10 years 6 months
Number of renewal options | renewal_option					2
Right-of-use asset, finance lease	42,200
Lease liability, finance lease	42,200
Operating lease, liability	8,300
Finance lease, renewal term					5 years
Operating lease, remaining lease term					11 years
Number of operating lease renewal terms | renewal_option					2
Operating lease term of contract					10 years 6 months
Operating lease right-of-use assets	8,300
Singapore 1 Data Center
Lessee, Lease, Description [Line Items]
Number of renewal options | renewal_option				5
Finance lease term				18 years
Right-of-use asset, finance lease	71,400	$ 99.5
Lease liability, finance lease	71,400	99.5
Finance lease, renewal term				3 years
Operating lease de-recognized	8,100	11.4
Operating lease, right-of-use asset de-recognized	$ 8,100	$ 11.4
Abu Dhabi 1 Data Center
Lessee, Lease, Description [Line Items]
Finance lease term	10 years	10 years	10 years
Right-of-use asset, finance lease	$ 71,300		د.إ 261.9
Number of finance leases | lease	2	2	2
Minimum
Lessee, Lease, Description [Line Items]
Lease term of leases not yet commenced	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term of leases not yet commenced	49 years

Leases - Lease Expenses (Detail

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Finance lease cost
Amortization of right-of-use assets	$ 28,897	$ 19,811	$ 54,062	$ 39,897
Interest on lease liabilities	28,438	27,111	56,263	54,634
Total finance lease cost	57,335	46,922	110,325	94,531
Operating lease cost	52,556	54,920	106,347	106,559
Total lease cost	$ 109,891	$ 101,842	$ 216,672	$ 201,090

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Accumulated amortization, finance lease, right-of-use asset	$ 528,600		$ 474,800
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	54,417	$ 52,701
Operating cash flows from operating leases	102,146	101,875
Financing cash flows from finance leases	42,681	43,112
Right-of-use assets obtained in exchange for lease obligations
Finance leases	311,951	2,597
Operating leases	$ 14,114	$ 77,905
Weighted-average remaining lease term - finance leases	15 years		15 years
Weighted-average remaining lease term - operating leases	13 years		13 years
Weighted-average discount rate - finance leases	8.00%		9.00%
Weighted-average discount rate - operating leases	4.00%		4.00%
Right-of-use asset, finance lease	$ 1,516,351		$ 1,277,614

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Operating Leases
2020 (6 months remaining)	$ 87,527
2021	192,368
2022	184,049
2023	168,561
2024	156,627
Thereafter	1,094,015
Total lease payments	1,883,147
Plus amount representing residual property value	0
Less imputed interest	(499,952)
Total	1,383,195
Finance Leases
2020 (6 months remaining)	95,454
2021	205,435
2022	202,461
2023	197,071
2024	194,842
Thereafter	1,975,440
Total lease payments	2,870,703
Plus amount representing residual property value	17,626
Less imputed interest	(1,127,481)
Total	1,760,848
Total
2020 (6 months remaining)	182,981
2021	397,803
2022	386,510
2023	365,632
2024	351,469
Thereafter	3,069,455
Total lease payments	4,753,850
Plus amount representing residual property value	17,626
Less imputed interest	(1,627,433)
Total	$ 3,144,043

Debt Facilities - Mortgage and

Debt Facilities - Mortgage and Loans Payable (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt, gross	$ 1,295,833	$ 1,370,118
Less the amount representing debt discount and debt issuance cost	(3,927)	(4,849)
Loans payable current and non current	1,293,638	1,367,037
Less current portion	(75,589)	(77,603)
Loans payable, noncurrent	1,218,049	1,289,434
Term loans
Debt Instrument [Line Items]
Long term debt, gross	1,218,259	1,287,151
Mortgage payable and other loans payable
Debt Instrument [Line Items]
Long term debt, gross	77,574	82,967
Mortgage
Debt Instrument [Line Items]
Add amount representing unamortized mortgage premium	$ 1,732	$ 1,768

Debt Facilities - Additional In

Debt Facilities - Additional Information (Details) € in Millions

Jul. 07, 2020USD ($)

Apr. 15, 2020EUR (€)

Apr. 15, 2020USD ($)

Jan. 02, 2020USD ($)

Mar. 31, 2020USD ($)

Jun. 30, 2020USD ($)letter_of_credit

Jun. 30, 2019USD ($)

Jun. 30, 2020USD ($)letter_of_credit

Jun. 30, 2019USD ($)

Jun. 22, 2020USD ($)

Dec. 31, 2019USD ($)

Dec. 12, 2017USD ($)

Debt Instrument [Line Items]

Remaining Performance Obligations

Contract Balances The following table summarizes the opening and closing balances of the Company's accounts receivable, net; contract asset, current; contract asset, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net Contract asset, current Contract asset, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2020 $ 689,134 $ 10,033 $ 31,521 $ 76,193 $ 46,555 Closing balances as of June 30, 2020 691,589 10,688 47,194 84,709 48,140 Increase $ 2,455 $ 655 $ 15,673 $ 8,516 $ 1,585 The difference between the opening and closing balances of the Company's accounts receivable, net, contract assets and deferred revenues primarily results from revenue growth and the timing difference between the satisfaction of the Company's performance obligation and the customer's payment, as well as business combinations closed during the six months ended June 30, 2020 . The amounts of revenue recognized during the six months ended June 30, 2020 from the opening deferred revenue balance as of January 1, 2020 was $56.5 million . Remaining performance obligations As of June 30, 2020 , approximately $7.3 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods, the majority of which will be recognized over the next 24 months . While initial contract terms vary in length, substantially all contracts thereafter automatically renew in one-year increments. Included in the remaining performance obligations is either 1) remaining performance obligations under the initial contract terms or 2) remaining performance obligations related to contracts in the renewal period once the initial terms have lapsed. The remaining performance obligations do not include variable consideration related to unsatisfied performance obligations such as the usage of metered power, service fees from xScale TM data centers, which are calculated based on future events or actual costs incurred in the future, or any contracts that could be terminated without any significant penalties such as the majority of interconnection revenues. The remaining performance obligations above include revenues to be recognized in the future related to arrangements where the Company is considered the lessor.

Loss on debt extinguishment

$ 1,868,000

$ 0

$ 8,309,000

$ 382,000

Amount of debt discounts and debt issuance costs

3,927,000

3,927,000

$ 4,849,000

Interest paid, net of capitalized interest

$ 115,800,000

$ 107,400,000

$ 238,600,000

$ 243,600,000

Line of Credit

Debt Instrument [Line Items]

Borrowing capacity

$ 3,000,000,000

Senior Notes | 5.375% Senior Notes due 2022

Debt Instrument [Line Items]

Interest rate (percent)

5.375%

5.375%

5.375%

Redemption of senior debt

$ 343,700,000

Loss on debt extinguishment

5,900,000

Redemption premium

4,600,000

Write off of unamortized debt issuance

$ 1,300,000

Senior Notes | 1.250% Senior Notes due 2025

Debt Instrument [Line Items]

Interest rate (percent)

1.25%

Aggregate principal debt amount issued

$ 500,000,000

Amount of debt discounts and debt issuance costs

$ 5,300,000

Senior Notes | 1.800% Senior Notes due 2027

Debt Instrument [Line Items]

Interest rate (percent)

1.80%

Aggregate principal debt amount issued

$ 500,000,000

Amount of debt discounts and debt issuance costs

$ 5,600,000

Senior Notes | 2.150% Senior Notes due 2030

Debt Instrument [Line Items]

Interest rate (percent)

2.15%

Aggregate principal debt amount issued

$ 1,100,000,000

Amount of debt discounts and debt issuance costs

$ 12,900,000

Senior Notes | 3.000% Senior Notes due 2050

Debt Instrument [Line Items]

Interest rate (percent)

3.00%

Aggregate principal debt amount issued

$ 500,000,000

Amount of debt discounts and debt issuance costs

$ 14,200,000

Subsequent Event | Senior Notes

Debt Instrument [Line Items]

Loss on debt extinguishment

$ 93,500,000

Redemption premium

77,800,000

Write off of unamortized debt issuance

$ 15,700,000

Letter of Credit | Line of Credit

Debt Instrument [Line Items]

Borrowing capacity

$ 250,000,000

Numbers of letters of credit outstanding | letter_of_credit

43

43

Letters of credit outstanding, amount

$ 72,400,000

$ 72,400,000

Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Borrowing capacity

2,000,000,000

Proceeds from issuance of debt

$ 250,000,000

Amount available to borrow

$ 1,900,000,000

$ 1,900,000,000

Unsecured Debt | Line of Credit

Debt Instrument [Line Items]

Borrowing capacity

$ 1,000,000,000

Notes Payable to Banks | Senior Unsecured 364-Day Term Loan Facilities

Debt Instrument [Line Items]

Aggregate principal amount

$ 750,000,000

Notes Payable to Banks | Closing Date Facility

Debt Instrument [Line Items]

Aggregate principal amount

500,000,000

Notes Payable to Banks | Closing Date Facility, Series 1

Debt Instrument [Line Items]

Proceeds from unsecured lines of credit

391,000,000

Notes Payable to Banks | Closing Date Facility, Series 2

Debt Instrument [Line Items]

Proceeds from unsecured lines of credit

€ 100

109,800,000

Notes Payable to Banks | Delayed Draw Facility

Debt Instrument [Line Items]

Aggregate principal amount

$ 250,000,000

Debt Facilities - Senior Notes

Debt Facilities - Senior Notes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 22, 2020	Jan. 02, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt, gross	$ 1,295,833		$ 1,295,833				$ 1,370,118
Total long term debt	12,437,740		12,437,740
Interest paid, net of capitalized interest	115,800	$ 107,400	238,600	$ 243,600
Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	11,140,175		11,140,175				9,029,211
Less amount representing unamortized debt issuance cost	(108,519)		(108,519)				(78,030)
Add amount representing unamortized debt premium	745		745				1,716
Total long term debt	11,032,401		11,032,401				8,952,897
Less current portion	(2,227,768)		(2,227,768)				(643,224)
Total	8,804,633		8,804,633				8,309,673
Senior Notes | 5.000% Infomart Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	$ 300,000		$ 300,000				$ 450,000
Effective interest rate	4.49%		4.49%				4.46%
Interest rate (percent)	5.00%		5.00%
Senior Notes | 5.375% Senior Notes due 2022
Debt Instrument [Line Items]
Long term debt, gross	$ 0		$ 0				$ 343,711
Effective interest rate	0.00%		0.00%				5.56%
Interest rate (percent)	5.375%		5.375%			5.375%
Senior Notes | 2.625% Senior Notes due 2024
Debt Instrument [Line Items]
Long term debt, gross	$ 1,000,000		$ 1,000,000				$ 1,000,000
Effective interest rate	2.79%		2.79%				2.79%
Interest rate (percent)	2.625%		2.625%
Senior Notes | 2.875% Euro Senior Notes due 2024
Debt Instrument [Line Items]
Long term debt, gross	$ 842,775		$ 842,775				$ 841,500
Effective interest rate	3.08%		3.08%				3.08%
Interest rate (percent)	2.875%		2.875%
Senior Notes | 2.875% Euro Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 1,123,700		$ 1,123,700				$ 1,122,000
Effective interest rate	3.04%		3.04%				3.04%
Interest rate (percent)	2.875%		2.875%
Senior Notes | 2.900% Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 600,000		$ 600,000				$ 600,000
Effective interest rate	3.04%		3.04%				3.04%
Interest rate (percent)	2.90%		2.90%
Senior Notes | 5.875% Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 1,100,000		$ 1,100,000				$ 1,100,000
Effective interest rate	6.03%		6.03%				6.03%
Interest rate (percent)	5.875%		5.875%
Senior Notes | 2.875% Euro Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 1,123,700		$ 1,123,700				$ 1,122,000
Effective interest rate	3.04%		3.04%				3.04%
Interest rate (percent)	2.875%		2.875%
Senior Notes | 5.375% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 1,250,000		$ 1,250,000				$ 1,250,000
Effective interest rate	5.51%		5.51%				5.51%
Interest rate (percent)	5.375%		5.375%
Senior Notes | 3.200% Senior Notes due 2029
Debt Instrument [Line Items]
Long term debt, gross	$ 1,200,000		$ 1,200,000				$ 1,200,000
Effective interest rate	3.30%		3.30%				3.30%
Interest rate (percent)	3.20%		3.20%
Senior Notes | 1.250% Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000				$ 0
Effective interest rate	1.46%		1.46%				0.00%
Interest rate (percent)					1.25%
Senior Notes | 1.800% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000				$ 0
Effective interest rate	1.96%		1.96%				0.00%
Interest rate (percent)					1.80%
Senior Notes | 2.150% Senior Notes due 2030
Debt Instrument [Line Items]
Long term debt, gross	$ 1,100,000		$ 1,100,000				$ 0
Effective interest rate	2.27%		2.27%				0.00%
Interest rate (percent)					2.15%
Senior Notes | 3.000% Senior Notes due 2050
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000				$ 0
Effective interest rate	3.09%		3.09%				0.00%
Interest rate (percent)					3.00%

Debt Facilities - Summary of Ma

Debt Facilities - Summary of Maturities of Debt Instruments (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2020 (6 months remaining)	$ 2,130,697
2021	225,580
2022	1,148,837
2023	6,510
2024	1,006,031
Thereafter	7,920,085
Total long term debt	$ 12,437,740

Debt Facilities - Fair Value of

Debt Facilities - Fair Value of Debt Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Mortgage and loans payable	$ 1,304,463	$ 1,378,429
Senior notes	$ 11,580,351	$ 9,339,497
Senior Notes | 5.000% Infomart Senior Notes
Debt Instrument [Line Items]
Interest rate (percent)	5.00%

Debt Facilities - Interest Char

Debt Facilities - Interest Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Interest expense	$ 108,480	$ 120,547	$ 215,818	$ 243,393
Interest capitalized	6,880	5,910	12,911	15,764
Interest charges incurred	$ 115,360	$ 126,457	$ 228,729	$ 259,157

Commitments and Contingencies (

Commitments and Contingencies (Detail) - Jun. 30, 2020 € in Millions, £ in Millions, $ in Millions	EUR (€)	USD ($)	GBP (£)
Capital expenditures
Other Commitments [Line Items]
Purchase commitments		$ 1,100
Miscellaneous purchase commitments
Other Commitments [Line Items]
Purchase commitments		1,100
Equity Contribution Commitment | Joint Venture | Equity Contribution Commitment | Equinix, Inc.
Other Commitments [Line Items]
Other commitment	€ 12.3	$ 26.5	£ 10.3

Stockholders' Equity - Rollforw

Stockholders' Equity - Rollforward (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended				6 Months Ended
	May 31, 2020	Mar. 31, 2019	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)				(85,308,386)			(85,308,386)
Beginning balance			$ 8,669,294	$ 8,840,382	$ 8,424,788	$ 7,219,279	$ 8,840,382	$ 7,219,279
Net income			133,350	118,957	143,852	117,747	$ 252,307	261,599
Other comprehensive loss			66,380	(272,067)	(16,092)	3,344
Issuance of common stock and release of treasury stock for employee equity awards			0	30,390	0	27,593
Issuance of common stock (in shares)	2,587,500	2,985,575
Issuance of common stock	$ 1,683,100	$ 1,213,400
Dividend distribution on common stock			(235,334)	(227,387)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(44)	(294)	(21)	(103)
Accrued dividends on unvested equity awards			(4,136)	(3,268)	(2,972)	(2,395)
Stock-based compensation, net of estimated forfeitures			$ 75,642	81,690	59,502	50,795
Ending balance (in shares)			(88,549,394)				(88,549,394)
Ending balance		8,424,788	$ 10,388,258	8,669,294	8,749,229	8,424,788	$ 10,388,258	8,749,229
Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			8,669,364	8,840,606	8,425,112	7,219,279	8,840,606	7,219,279
Net income			133,304	118,792	143,527	118,078
Other comprehensive loss			66,378	(272,056)	(16,078)	3,337
Issuance of common stock and release of treasury stock for employee equity awards				30,390		27,593
Dividend distribution on common stock			(235,334)	(227,387)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(44)	(294)	(21)	(103)
Accrued dividends on unvested equity awards			(4,136)	(3,268)	(2,972)	(2,395)
Stock-based compensation, net of estimated forfeitures			75,642	81,690	59,502	50,795
Ending balance		$ 8,425,112	$ 10,388,280	$ 8,669,364	$ 8,749,242	$ 8,425,112	$ 10,388,280	$ 8,749,242
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			(86,269,033)	(85,700,953)	(84,465,156)	(81,119,117)	(85,700,953)	(81,119,117)
Beginning balance			$ 86	$ 86	$ 84	$ 81	$ 86	$ 81
Issuance of common stock and release of treasury stock for employee equity awards (in shares)			34,146	405,550	26,435	360,464
Ending balance (in shares)		(84,465,156)	(88,890,679)	(86,269,033)	(85,213,952)	(84,465,156)	(88,890,679)	(85,213,952)
Ending balance		$ 84	$ 89	$ 86	$ 85	$ 84	$ 89	$ 85
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			(341,973)	(392,567)	(395,153)	(396,859)	(392,567)	(396,859)
Beginning balance			$ (127,298)	$ (144,256)	$ (144,801)	$ (145,161)	$ (144,256)	$ (145,161)
Issuance of common stock and release of treasury stock for employee equity awards (in shares)			688	50,594	359	1,706
Issuance of common stock and release of treasury stock for employee equity awards			$ 256	$ 16,958	$ 76	$ 360
Ending balance (in shares)		(395,153)	(341,285)	(341,973)	(394,794)	(395,153)	(341,285)	(394,794)
Ending balance		$ (144,801)	$ (127,042)	$ (127,298)	$ (144,725)	$ (144,801)	$ (127,042)	$ (144,725)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			12,893,455	12,696,433	12,043,056	10,751,313	12,696,433	10,751,313
Issuance of common stock and release of treasury stock for employee equity awards			(256)	13,432	(76)	27,233
Settlement of accrued dividends on vested equity awards			0	109	12	284
Stock-based compensation, net of estimated forfeitures			75,642	81,690	59,502	50,795
Ending balance		12,043,056	14,651,944	12,893,455	12,450,614	12,043,056	14,651,944	12,450,614
Accumulated Dividends
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(4,399,527)	(4,168,469)	(3,532,915)	(3,331,200)	(4,168,469)	(3,331,200)
Dividend distribution on common stock			(235,334)	(227,387)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(44)	(403)	(33)	(387)
Accrued dividends on unvested equity awards			(4,136)	(3,268)	(2,972)	(2,395)
Ending balance		(3,532,915)	(4,639,041)	(4,399,527)	(3,743,869)	(3,532,915)	(4,639,041)	(3,743,869)
AOCI (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(1,206,669)	(934,613)	(942,365)	(945,702)	(934,613)	(945,702)
Other comprehensive loss			66,378	(272,056)	(16,078)	3,337	(205,678)
Ending balance		(942,365)	(1,140,291)	(1,206,669)	(958,443)	(942,365)	(1,140,291)	(958,443)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			1,509,317	1,391,425	1,002,053	889,948	1,391,425	889,948
Net income			133,304	118,792	143,527	118,078
Ending balance		1,002,053	1,642,621	1,509,317	1,145,580	1,002,053	1,642,621	1,145,580
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(70)	(224)	(324)	0	(224)	0
Net income			46	165	325	(331)
Other comprehensive loss			2	(11)	(14)	7
Ending balance		$ (324)	(22)	(70)	(13)	(324)	(22)	(13)
Cumulative adjustment due to adoption of ASU
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance				(900)		(5,973)	(900)	(5,973)
Cumulative adjustment due to adoption of ASU | Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance				(900)		(5,973)	(900)	(5,973)
Cumulative adjustment due to adoption of ASU | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance				(900)		(5,973)	$ (900)	$ (5,973)
Public Offering
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			1,683,106			1,213,434
Public Offering | Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			$ 1,683,106			$ 1,213,434
Public Offering | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			2,587,500			2,985,575
Issuance of common stock			$ 3			$ 3
Public Offering | Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			$ 1,683,103			$ 1,213,431
ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)							162,530	722,361
Issuance of common stock				101,791	348,121		$ 101,800	$ 348,200
ATM Program | Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock				$ 101,791	$ 348,121
ATM Program | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)				162,530	722,361
Issuance of common stock					$ 1
ATM Program | Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock				$ 101,791	$ 348,120

Stockholders' Equity - Rollfo_2

Stockholders' Equity - Rollforward - Additional Information (Details) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Equity [Abstract]
Dividend distribution on common stock (in dollars per share)	$ 2.66	$ 2.66	$ 2.46	$ 2.46

Stockholders' Equity - Componen

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 8,669,294	$ 8,840,382	$ 8,424,788	$ 7,219,279	$ 8,840,382
Net Change	66,380	(272,067)	(16,092)	3,344
Ending balance	10,388,258	8,669,294	8,749,229	8,424,788	10,388,258
Accumulated other comprehensive loss attributable to Equinix
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,206,669)	(934,613)	(942,365)	(945,702)	(934,613)
Net Change	66,378	(272,056)	(16,078)	3,337	(205,678)
Ending balance	(1,140,291)	(1,206,669)	$ (958,443)	$ (942,365)	(1,140,291)
Foreign currency translation adjustment (“CTA”) loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(1,056,918)			(1,056,918)
Net Change					(232,497)
Ending balance	(1,289,415)				(1,289,415)
Unrealized loss on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		15,638			15,638
Net Change					(21,124)
Ending balance	(5,486)				(5,486)
Net investment hedge CTA gain (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		107,619			107,619
Net Change					47,888
Ending balance	155,507				155,507
Net actuarial gain (loss) on defined benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		$ (952)			(952)
Net Change					55
Ending balance	$ (897)				$ (897)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Detail) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	May 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock in public offering of common stock (in shares)	2,587,500	2,985,575
Issuance of common stock in public offering of common stock	$ 1,683,100,000	$ 1,213,400,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, approved (in shares)					680,543
Weighted-average grant date fair value (in dollars per share)					$ 583.99
Service period (in years)					3 years 3 months 29 days
ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock in public offering of common stock (in shares)					162,530	722,361
Issuance of common stock in public offering of common stock			$ 101,791,000	$ 348,121,000	$ 101,800,000	$ 348,200,000
Sale of stock, equity offering agreement, authorized							$ 750,000,000

Stockholders' Equity - Stock-Ba

Stockholders' Equity - Stock-Based Compensation Expense Recognized in Company's Condensed Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cash paid to accelerate vesting	$ 75,844	$ 61,519	$ 156,410	$ 110,542
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cash paid to accelerate vesting	7,655	6,500	16,998	11,512
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cash paid to accelerate vesting	18,215	15,157	36,760	28,458
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cash paid to accelerate vesting	$ 49,974	$ 39,862	$ 102,652	$ 70,572

Segment Information - Narrative

Segment Information - Narrative (Detail)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Information - Revenue I

Segment Information - Revenue Information on Services Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from External Customer [Line Items]
Revenues	$ 1,470,121	$ 1,384,977	$ 2,914,663	$ 2,748,195
Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	1,398,138	1,306,045	2,759,832	2,580,873
Colocation
Revenue from External Customer [Line Items]
Revenues	1,057,445	1,005,615	2,091,822	1,986,386
Interconnection
Revenue from External Customer [Line Items]
Revenues	249,431	219,031	491,572	431,815
Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	80,051	73,772	157,541	146,567
Service, Other
Revenue from External Customer [Line Items]
Revenues	11,211	7,627	18,897	16,105
Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	71,983	78,932	154,831	167,322
Americas
Revenue from External Customer [Line Items]
Revenues	661,419	644,420	1,323,324	1,288,786
Americas | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	634,855	614,806	1,267,487	1,221,116
Americas | Colocation
Revenue from External Customer [Line Items]
Revenues	447,498	444,086	898,452	884,067
Americas | Interconnection
Revenue from External Customer [Line Items]
Revenues	153,387	142,460	304,316	281,023
Americas | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	28,889	22,908	54,418	44,695
Americas | Service, Other
Revenue from External Customer [Line Items]
Revenues	5,081	5,352	10,301	11,331
Americas | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	26,564	29,614	55,837	67,670
EMEA
Revenue from External Customer [Line Items]
Revenues	488,090	449,855	966,999	884,515
EMEA | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	467,190	417,081	910,664	817,318
EMEA | Colocation
Revenue from External Customer [Line Items]
Revenues	381,144	347,795	743,474	678,920
EMEA | Interconnection
Revenue from External Customer [Line Items]
Revenues	50,904	38,614	99,445	76,139
EMEA | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	29,012	28,397	59,149	57,485
EMEA | Service, Other
Revenue from External Customer [Line Items]
Revenues	6,130	2,275	8,596	4,774
EMEA | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	20,900	32,774	56,335	67,197
Asia-Pacific
Revenue from External Customer [Line Items]
Revenues	320,612	290,702	624,340	574,894
Asia-Pacific | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	296,093	274,158	581,681	542,439
Asia-Pacific | Colocation
Revenue from External Customer [Line Items]
Revenues	228,803	213,734	449,896	423,399
Asia-Pacific | Interconnection
Revenue from External Customer [Line Items]
Revenues	45,140	37,957	87,811	74,653
Asia-Pacific | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	22,150	22,467	43,974	44,387
Asia-Pacific | Service, Other
Revenue from External Customer [Line Items]
Revenues	0	0	0	0
Asia-Pacific | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	$ 24,519	$ 16,544	$ 42,659	$ 32,455

Segment Information - Schedule

Segment Information - Schedule of Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 720,041	$ 677,010	$ 1,404,251	$ 1,337,165
Depreciation, amortization and accretion expense	(348,434)	(320,550)	(685,865)	(635,255)
Stock-based compensation expense	(75,844)	(61,519)	(156,410)	(110,542)
Impairment charges	0	(386)	0	(14,834)
Transaction costs	(13,617)	(2,774)	(25,147)	(5,245)
Gain (loss) on asset sales	342	0	(857)	0
Income from operations	282,488	291,781	535,972	571,289
Americas
Segment Reporting Information [Line Items]
Total adjusted EBITDA	302,107	309,052	595,720	616,890
EMEA
Segment Reporting Information [Line Items]
Total adjusted EBITDA	243,597	209,645	473,755	408,717
Asia-Pacific
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 174,337	$ 158,313	$ 334,776	$ 311,558

Segment Information - Segment D

Segment Information - Segment Disclosures (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 348,593	$ 319,224	$ 684,462	$ 632,402
Capital expenditures	481,948	444,171	882,889	808,138
Americas
Segment Reporting Information [Line Items]
Total depreciation and amortization	180,934	167,244	352,008	334,014
Capital expenditures	181,913	173,623	366,314	318,118
EMEA
Segment Reporting Information [Line Items]
Total depreciation and amortization	93,012	87,980	185,386	172,145
Capital expenditures	197,264	170,851	319,392	335,206
Asia-Pacific
Segment Reporting Information [Line Items]
Total depreciation and amortization	74,647	64,000	147,068	126,243
Capital expenditures	$ 102,771	$ 99,697	$ 197,183	$ 154,814

Segment Information - Long-Live

Segment Information - Long-Lived Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	$ 12,663,827	$ 12,152,597
Operating lease right-of-use assets	1,396,101	1,475,367
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	5,649,000	5,400,287
Operating lease right-of-use assets	368,959	387,598
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	4,321,446	4,051,701
Operating lease right-of-use assets	498,334	521,129
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	2,693,381	2,700,609
Operating lease right-of-use assets	$ 528,808	$ 566,640

Subsequent Events (Detail)

Subsequent Events (Detail) $ / shares in Units, $ in Thousands, € in Millions	Jul. 29, 2020$ / shares	Jul. 07, 2020EUR (€)	Jul. 07, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Subsequent Event [Line Items]
Loss on debt extinguishment				$ 1,868	$ 0	$ 8,309	$ 382
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share) | $ / shares	$ 2.66
Senior Notes | Subsequent Event
Subsequent Event [Line Items]
Loss on debt extinguishment			$ 93,500
Amount representing redemption premium			77,800
Write off of unamortized debt issuance			15,700
Senior Notes | 2.875% Euro Senior Notes due 2024
Subsequent Event [Line Items]
Interest rate (percent)				2.875%		2.875%
Senior Notes | 2.875% Euro Senior Notes due 2024 | Subsequent Event
Subsequent Event [Line Items]
Redemption of senior debt | €		€ 750
Senior Notes | 5.875% Senior Notes due 2026
Subsequent Event [Line Items]
Interest rate (percent)				5.875%		5.875%
Senior Notes | 5.875% Senior Notes due 2026 | Subsequent Event
Subsequent Event [Line Items]
Redemption of senior debt			$ 1,100,000

Uncategorized Items - eqix-6302

Label	Element	Value
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	$ 10,090,000
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	8,798,000
Restricted Cash and Cash Equivalents, Current	us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue	13,673,000
Restricted Cash and Cash Equivalents, Current	us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue	$ 13,293,000