Equinix (EQIX) 10-Q 30 Oct 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 29, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		89,101,721
Entity Central Index Key	0001101239
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,645,045	$ 1,869,577
Short-term investments	14,186	10,362
Accounts receivable, net of allowance for doubtful accounts of $15,429 and $13,026	705,509	689,134
Other current assets	384,364	302,880
Assets held for sale	294,924	663
Total current assets	4,044,028	2,872,616
Property, plant and equipment, net	13,110,554	12,152,597
Operating lease right-of-use assets	1,436,337	1,475,367
Goodwill	5,125,230	4,781,858
Intangible assets, net	2,047,122	2,102,389
Other assets	673,443	580,788
Total assets	26,436,714	23,965,615
Current liabilities:
Accounts payable and accrued expenses	822,062	760,718
Accrued property, plant and equipment	363,869	301,535
Current portion of operating lease liabilities	143,429	145,606
Current portion of finance lease liabilities	113,371	75,239
Current portion of mortgage and loans payable	78,273	77,603
Current portion of senior notes	2,043,994	643,224
Other current liabilities	231,185	153,938
Total current liabilities	3,796,183	2,157,863
Operating lease liabilities, less current portion	1,279,930	1,315,656
Finance lease liabilities, less current portion	1,680,510	1,430,882
Mortgage and loans payable, less current portion	1,241,777	1,289,434
Senior notes, less current portion	7,160,735	8,309,673
Other liabilities	721,613	621,725
Total liabilities	15,880,748	15,125,233
Commitments and contingencies (Note 11)
Equinix stockholders' equity
Common stock, $0.001 par value per share: 300,000,000 shares authorized; 89,431,296 issued and 89,101,716 outstanding in 2020 and 85,700,953 issued and 85,308,386 outstanding in 2019	89	86
Additional paid-in capital	14,950,522	12,696,433
Treasury stock, at cost; 329,580 shares in 2020 and 392,567 shares in 2019	(122,686)	(144,256)
Accumulated dividends	(4,879,618)	(4,168,469)
Accumulated other comprehensive loss	(1,101,801)	(934,613)
Retained earnings	1,709,308	1,391,425
Total Equinix stockholders' equity	10,555,814	8,840,606
Non-controlling interests	152	(224)
Total stockholders' equity	10,555,966	8,840,382
Total liabilities and stockholders' equity	$ 26,436,714	$ 23,965,615

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 15,429	$ 13,026
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	89,431,296	85,700,953
Common Stock, Shares, Outstanding	89,101,716	85,308,386
Treasury Stock, Shares	329,580	392,567

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenues	$ 1,519,767	$ 1,396,810	$ 4,434,430	$ 4,145,005
Costs and operating expenses:
Cost of revenues	767,979	704,339	2,243,605	2,084,548
Sales and marketing	172,727	161,574	531,301	490,490
General and administrative	279,350	241,812	797,837	689,514
Transaction costs	5,840	2,991	30,987	8,236
Impairment charges	7,306	1,189	7,306	16,023
Gain on asset sales	(1,785)	(463)	(928)	(463)
Total costs and operating expenses	1,231,417	1,111,442	3,610,108	3,288,348
Income from operations	288,350	285,368	824,322	856,657
Interest income	1,452	8,201	7,410	20,165
Interest expense	(99,736)	(118,674)	(315,554)	(362,067)
Other income	162	3,428	9,610	15,442
Gain (loss) on debt extinguishment	(93,494)	315	(101,803)	(67)
Income before income taxes	96,734	178,638	423,985	530,130
Income tax expense	(29,903)	(57,827)	(104,847)	(147,720)
Net income	66,831	120,811	319,138	382,410
Net (income) loss attributable to non-controlling interests	(144)	39	(355)	45
Net income attributable to Equinix	$ 66,687	$ 120,850	$ 318,783	$ 382,455
Earnings per share ("EPS") attributable to Equinix:
Basic EPS (in dollars per share)	$ 0.75	$ 1.42	$ 3.65	$ 4.57
Weighted-average shares for basic EPS (in shares)	88,806	85,012	87,226	83,753
Diluted EPS (in dollars per share)	$ 0.74	$ 1.41	$ 3.63	$ 4.54
Weighted-average shares for diluted EPS (in shares)	89,519	85,571	87,925	84,223

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 66,831	$ 120,811	$ 319,138	$ 382,410
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment ("CTA") gain (loss), net of tax effects of $0, $0, $0 and $(595)	299,441	(284,927)	66,935	(341,519)
Net investment hedge CTA gain (loss), net of tax effect of $0, $0, $0, and $10	(227,101)	188,897	(179,213)	227,890
Unrealized gain (loss) on cash flow hedges, net of tax effects of $8,708, $(5,245), $7,113 and $(7,336)	(33,842)	14,217	(54,966)	19,086
Net actuarial gain (loss) on defined benefit plans, net of tax effects of $(6), $2, $(3) and $3	22	(8)	77	(26)
Total other comprehensive income (loss), net of tax	38,520	(81,821)	(167,167)	(94,569)
Comprehensive income, net of tax	105,351	38,990	151,971	287,841
Net (income) loss attributable to non-controlling interests	(144)	39	(355)	45
Other comprehensive (income) loss attributable to non-controlling interests	(30)	28	(21)	35
Comprehensive income attributable to Equinix	$ 105,177	$ 39,057	$ 151,595	$ 287,921

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment (CTA) gain (loss), tax	$ 0	$ 0	$ 0	$ (595)
Unrealized gain (loss) on cash flow hedges, tax	8,708	(5,245)	7,113	(7,336)
Net investment hedge CTA gain (loss) tax effect	0	0	0	10
Net actuarial gain on defined benefit plans, tax	$ (6)	$ 2	$ (3)	$ 3

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 319,138	$ 382,410
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	897,075	806,704
Stock-based compensation	215,591	174,413
Amortization of intangible assets	148,075	147,589
Amortization of debt issuance costs and debt discounts and premiums	11,788	9,429
Provision for allowance for doubtful accounts	6,466	8,588
Impairment charges	7,306	16,023
Gain on asset sales	(928)	(463)
Loss on debt extinguishment	101,803	67
Other items	14,764	9,909
Changes in operating assets and liabilities:
Accounts receivable	(38,104)	(123,389)
Income taxes, net	(20,193)	73,144
Other assets	(127,535)	(62,036)
Operating lease right-of-use assets	114,611	108,226
Operating lease liabilities	(107,391)	(112,059)
Accounts payable and accrued expenses	35,846	6,660
Other liabilities	45,366	17,843
Net cash provided by operating activities	1,623,678	1,463,058
Cash flows from investing activities:
Purchases of investments	(55,993)	(23,692)
Sales of investments	19,681	8,945
Business acquisitions, net of cash and restricted cash acquired	(478,248)	(34,143)
Purchases of real estate	(124,462)	(64,288)
Purchases of other property, plant and equipment	(1,448,174)	(1,364,960)
Proceeds from sale of assets, net of cash transferred	0	117
Net cash used in investing activities	(2,087,196)	(1,478,021)
Cash flows from financing activities:
Proceeds from employee equity awards	62,118	52,018
Payment of dividends and special distribution	(710,177)	(625,804)
Proceeds from public offering of common stock, net of issuance costs	1,981,375	1,660,976
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	(74,446)	(62,785)
Repayments of mortgage and loans payable	(808,609)	(53,796)
Repayment of senior notes	(2,440,761)	(150,000)
Debt extinguishment costs	(82,404)	0
Debt issuance costs	(26,266)	0
Net cash provided by financing activities	1,237,356	820,609
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	5,637	(13,117)
Net increase in cash, cash equivalents and restricted cash	779,475	792,529
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	2,666,088	1,420,133
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 2,666,088	$ 1,420,133

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 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 24.7% and 27.9% for the nine months ended September 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. In February 2020, the World Health Organization ("WHO") raised the COVID-19 threat from high to very high, and in March 2020, the WHO characterized COVID-19 as a global pandemic. During the nine months ended September 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 had waived fees from affected customers in certain circumstances for a period of time. 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 data center employees, as well as other employees to support their work-from-home requirements during the first quarter of 2020. Additionally, the Company increased its allowance for doubtful accounts for accounts receivable by an insignificant amount during the nine months ended September 30, 2020. This is partially offset by lower travel expenses due to travel restrictions as a result of 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 full impact that COVID-19 will have on the Company's consolidated financial statements remains uncertain and ultimately will depend on many factors, including the duration and potential cyclicity of the health crisis, further public policy actions to be taken in response, as well as the continued impact of the pandemic on the global economy and the Company's customers and vendors. The Company will continue to evaluate the nature and extent of these potential impacts to its business and condensed consolidated financial statements. Recent Accounting Pronouncements Accounting Standards Not Yet Adopted In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-06: Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The ASU simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock and modifies the disclosure requirement for the convertible instruments. Additionally, this ASU improves the consistency of EPS calculations by eliminating the use of the treasury stock method to calculate diluted EPS for convertible instruments and clarifies certain areas under the current EPS guidance. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted at the beginning of the fiscal year after December 15, 2020. The Company is currently evaluating the extent of the impact of this ASU, but does not expect the adoption of this standard to have significant impact on its condensed consolidated financial statements. In December 2019, FASB issued 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. 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 of this ASU, but does not expect the adoption of this standard to have a significant impact 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 nine months ended September 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 Topic 326, such as contract assets. 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 6,466 Net write-offs and recoveries (5,181) Impact of foreign currency exchange 218 Balance at September 30, 2020 $ 15,429

Revenue

Revenue	9 Months Ended
	Sep. 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 assets, current Contract assets, 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 September 30, 2020 705,509 10,390 57,538 100,547 66,485 Increase $ 16,375 $ 357 $ 26,017 $ 24,354 $ 19,930 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 nine months ended September 30, 2020. The amount of revenue recognized during the nine months ended September 30, 2020 from the opening deferred revenue balance as of January 1, 2020 was $75.1 million. Remaining performance obligations As of September 30, 2020, approximately $7.8 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	9 Months Ended
	Sep. 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 Nine Months Ended 2020 2019 2020 2019 Net income $ 66,831 $ 120,811 $ 319,138 $ 382,410 Net (income) loss attributable to non-controlling interests (144) 39 (355) 45 Net income attributable to Equinix $ 66,687 $ 120,850 $ 318,783 $ 382,455 Weighted-average shares used to calculate basic EPS 88,806 85,012 87,226 83,753 Effect of dilutive securities: Employee equity awards 713 559 699 470 Weighted-average shares used to calculate diluted EPS 89,519 85,571 87,925 84,223 EPS attributable to Equinix: Basic EPS $ 0.75 $ 1.42 $ 3.65 $ 4.57 Diluted EPS $ 0.74 $ 1.41 $ 3.63 $ 4.54

Acquisitions

Acquisitions	9 Months Ended
	Sep. 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 September 30, 2020, the Company had not completed the detailed valuation analysis to derive the fair value of assets acquired and liabilities assumed from the Packet 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. As of September 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, and the adjustments made were not significant. 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 September 30, 2020. As of September 30, 2020, the Company had completed the detailed valuation analysis to derive the fair value of assets acquired and liabilities assumed from the Axtel acquisition and updated the final allocation of purchase price. No purchase price allocation adjustments were made from the provisional amounts reported as of March 31, 2020. 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 5,098 — Other current assets 299 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 227,669 78,902 Other assets 138 — Total assets acquired 326,436 193,753 Accounts payable and accrued liabilities (1,275) (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 acquired from Packet and Axtel 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 $11.2 million during the nine months ended September 30, 2020 and an insignificant amount of transaction costs during the three months ended September 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 September 30, 2020, the Company's results of operations include $13.4 million of revenues and $7.5 million of net loss from operations from the combined operations of Packet and Axtel. During the nine months ended September 30, 2020, the Company's results of operations include $34.9 million of revenues and $27.8 million of net loss from operations from the combined operations of Packet and Axtel. The net loss incurred during the nine months ended September 30, 2020 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. Acquisition of Bell Data Centers (the "Bell Acquisition") On October 1, 2020, the Company completed the acquisition of 12 data center sites across Canada from BCE Inc. ("Bell") for approximately C$961 million or approximately $723.9 million at the exchange rate in effect on October 1, 2020, with one remaining data center in Ottawa Canada, which the Company expects to be acquired in the fourth quarter of 2020 as the closing conditions are satisfied, for an additional purchase price of C$80.0 million, or $60.3 million at the exchange rate in effect on October 1, 2020. The acquisition supports the Company’s ongoing expansion to meet customer demand in Canada. The operating results of the acquired business will be reported in the Americas region following the date of acquisition. The Bell Acquisition constitutes a business under the accounting standard for business combinations and, therefore, will be accounted for as a business combination using the acquisition method of accounting. Goodwill from the Bell Acquisition is not expected to be deductible for local tax purposes and is attributable to the Company's Americas region. The valuation of assets acquired and liabilities assumed are still being appraised by a third-party and as such, the purchase price allocation is not yet complete. Pending Acquisition of GPX India On August 7, 2020, the Company entered into an agreement to purchase the India operations of GPX Global Systems, Inc. ("GPX India"), representing two data centers in Mumbai, India for approximately $161.0 million in an all-cash transaction (the “GPX India Acquisition”). The GPX India Acquisition is expected to close in the first quarter of 2021, subject to customary closing conditions including regulatory approval. Upon the close of the acquisition, the operating results of the acquired business will be reported in the Asia-Pacific region. 2019 Acquisition

Assets Held for Sale

Assets Held for Sale	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale In April 2020, the Company entered into its second joint venture in the form of a limited liability partnership with GIC, Singapore's sovereign wealth fund ("GIC"), to develop and operate xScale data centers in Asia-Pacific (the “Asia-Pacific Joint Venture”). 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 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 September 30, 2020. During the nine months ended September 30, 2020, the Company recorded an impairment charge of $7.3 million, reducing the carrying value of the Asia-Pacific Joint Venture assets to the estimated fair value less cost to sell. The estimated fair value was based on the expected sales price from a specific transaction between the Company and the Asia-Pacific Joint Venture, and falls into Level 3 of the fair value hierarchy due to its reliance on unobservable inputs. The transaction is expected to close in the fourth quarter of 2020, pending regulatory approval and other closing conditions. In September 2020, the Company entered into an agreement to sell its Paris 9 ("PA9") data center to its EMEA Joint Venture (as defined in note 6 below). The assets and liabilities of the PA9 data center, which are currently included with the Company's EMEA operating segment, were classified as held for sale as of September 30, 2020. The transaction is expected to close in the fourth quarter of 2020, pending regulatory approval and other closing conditions. The following table summarizes the assets and liabilities that were classified as assets and liabilities held for sale in the condensed consolidated balance sheet as of September 30, 2020 (in thousands): September 30, Other current assets $ 11,281 Property, plant and equipment 276,330 Goodwill 7,313 Total assets held for sale $ 294,924 Accounts payable and accrued liabilities (1) $ 7,200 Total liabilities held for sale (1) $ 7,200 (1) $7.2 million of accrued costs to sell the Asia-Pacific Joint Venture were recorded as transaction costs during the nine months ended September 30, 2020 and classified as liabilities held for sale as of September 30, 2020, reducing the carrying value of the disposal group to the estimated fair value less costs to sell. Liabilities held for sale were included within other current liabilities on the condensed consolidated balance sheet.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 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 (the "EMEA Joint Venture"), to develop and operate xScale data centers in Europe. 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 investment 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 investee. During the three and nine months ended September 30, 2020, the Company made additional equity contributions of $3.6 million and $16.3 million to the EMEA Joint Venture, respectively. As of September 30, 2020 and December 31, 2019, the Company's equity method investments, comprised of the EMEA Joint Venture and other investments, were $84.7 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 nine months ended September 30, 2020 and was included in other income on the condensed consolidated statement of operations.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019, the total principal amounts of foreign currency debt obligations designated as net investment hedges were $1.8 billion and $4.1 billion, respectively. The Company also uses cross-currency interest rate swaps to hedge a portion of its net investment in its European operations. As of September 30, 2020, U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $3.3 billion 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. From time to time, the Company uses foreign currency forward contracts to hedge against the effect of foreign exchange rate fluctuations on a portion of its net investment in its foreign subsidiaries. As of September 30, 2020, the total notional amount of foreign currency forward contracts designated as net investment hedges was $355.6 million. The Company had no foreign currency forward contracts designated as net investment hedges outstanding as of December 31, 2019. The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and nine months ended September 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Foreign currency debt $ (130,774) $ 151,825 $ (116,887) $ 181,431 Cross-currency interest rate swaps (included component) (1) (78,226) 30,505 (74,419) 36,331 Cross-currency interest rate swaps (excluded component) (2) (16,588) 6,566 13,606 10,117 Foreign currency forward contracts (included component) (1) (1,485) — (1,485) — Foreign currency forward contracts (excluded component) (3) (28) — (28) — Total $ (227,101) $ 188,896 $ (179,213) $ 227,879 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Nine Months Ended 2020 2019 2020 2019 Cross-currency interest rate swaps (excluded component) (2) Interest expense 6,613 5,072 17,161 14,163 Foreign currency forward contracts (excluded component) (3) Interest expense 1 — 1 — Total $ 6,614 $ 5,072 $ 17,162 $ 14,163 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents cross-currency basis spread and interest rates. (3) Excluded component represents foreign currency forward points. 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 September 30, 2020 and December 31, 2019, the total notional amounts of these foreign exchange contracts were $949.2 million and $824.8 million, respectively. As of September 30, 2020, the Company's foreign exchange contracts had maturity dates ranging from October 2020 to September 2022 and the Company recorded a net loss of $7.8 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 September 30, 2020, the total notional amount of interest rate locks outstanding was $644.8 million. As of December 31, 2019, the Company had no interest rate locks outstanding. During the nine months ended September 30, 2020, interest rate locks with a combined aggregate notional amo unt 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 September 30, 2020, the Company recorded a net loss of $3.6 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 nine months ended September 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Foreign currency forward and option contracts (included component) (1) $ (40,770) $ 20,979 $ (35,092) $ 29,345 Foreign currency option contracts (excluded component) (2) 639 (1,518) 2,315 (2,923) Interest rate locks (2,420) — (29,302) — Total $ (42,551) $ 19,461 $ (62,079) $ 26,422 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Nine Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Revenues $ 2,904 $ 27,843 $ 44,681 $ 56,388 Foreign currency forward contracts Costs and operating expenses (1,951) (14,474) (23,449) (29,548) Interest rate locks Interest Expense (731) — (473) — Total $ 222 $ 13,369 $ 20,759 $ 26,840 Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Nine 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 (430) (538) (1,454) (555) Total $ (430) $ (538) $ (1,454) $ (467) (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 September 30, 2020 and December 31, 2019, the total notional amounts of these foreign currency contracts were $4.6 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 Nine Months Ended Location of gain or (loss) 2020 2019 2020 2019 Embedded derivatives Revenues $ (3,308) $ 2,830 $ 1,402 $ 3,552 Economic hedge of embedded derivatives Revenues 3,259 (3,221) (2,342) (2,680) Foreign currency forward contracts Other income (expense) (50,022) 77,644 (29,214) 96,143 Total $ (50,071) $ 77,253 $ (30,154) $ 97,015 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 September 30, 2020 and December 31, 2019 (in thousands): September 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 $ 4,919 $ 22,792 $ 24,853 $ 5,898 Interest rate locks — 3,848 — — Net investment hedges Cross-currency interest rate swaps 18,465 53,026 26,251 — Foreign currency forward contracts — 1,512 — — Total designated as hedging 23,384 81,178 51,104 5,898 Not designated as hedging instruments: Embedded derivatives 5,562 1,754 4,595 2,268 Economic hedges of embedded derivatives 691 — 1,367 — Foreign currency forward contracts 14,257 35,706 641 27,446 Total not designated as hedging 20,510 37,460 6,603 29,714 Total Derivatives $ 43,894 $ 118,638 $ 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 September 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net September 30, 2020 Derivative assets $ 63,037 $ — $ 63,037 $ (56,415) $ 6,622 Derivative liabilities 129,889 — 129,889 (56,415) 73,474 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	9 Months Ended
	Sep. 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 condensed 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 condensed 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. The Company did not have any nonfinancial assets or liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019. The Company's financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 were as follows (in thousands): Fair Value at September 30, Fair Value Level 1 Level 2 Assets: Money market and deposit accounts $ 672,179 $ 672,179 $ — Publicly traded equity securities 5,884 5,884 — Certificates of deposit 8,302 — 8,302 Derivative instruments (1) 43,894 — 43,894 Total $ 730,259 $ 678,063 $ 52,196 Liabilities: Derivative instruments (1) $ 118,638 $ — $ 118,638 (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 December 31, Fair Value 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. Other than the contingent consideration related to the EMEA Joint Venture as described in Note 6 above, the Company did not have any Level 3 financial assets or financial liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019.

Leases

Leases	9 Months Ended
	Sep. 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. Singapore Office ("SGO") In April 2020, the Company entered into an office lease agreement, which commenced on August 1, 2020 with an initial term of seven years, as well as two three-year renewal options and a one-time early termination option for a certain floor after the third year of the lease. The Company determined that the renewal options and the early termination option were not reasonably certain to be exercised and therefore, the concluded lease term was seven years. The Company assessed the lease classification at the commencement date and concluded that the lease should be accounted for as an operating lease. During the three months ended September 30, 2020, the Company recorded operating lease ROU asset and liability of $64.2 million Singapore dollars, or approximately $47.1 million, at the exchange rate in effect on September 30, 2020. Seoul 1 ("SL1") Data Center In September 2020, the phase 2 from a previously signed lease for the SL1 data center was delivered and commenced, with an initial lease term of approximately four years and three five-year renewal options. The Company concluded that one renewal option of five years is reasonably certain to be exercised and therefore, the concluded lease term was approximately nine years. The Company assessed the lease classification of the lease at the commencement date and determined the lease should be accounted for as a finance lease. During the three months ended September 30, 2020, the Company recorded finance lease ROU asset and liability of 31,777 million Korean Won and 30,386 million Korean Won, respectively, or $27.2 million and $26.0 million, respectively, at the exchange rate in effect on September 30, 2020. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 31,900 21,313 $ 85,962 $ 61,210 Interest on lease liabilities 28,443 28,039 84,706 82,673 Total finance lease cost 60,343 49,352 170,668 143,883 Operating lease cost 55,135 57,946 161,482 164,505 Total lease cost $ 115,478 $ 107,298 $ 332,150 $ 308,388 (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): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 81,827 $ 79,140 Operating cash flows from operating leases 154,262 157,106 Financing cash flows from finance leases 74,446 62,785 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 357,137 $ 196,725 Operating leases 65,906 143,144 As of September 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 14 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) $ 1,551,396 $ 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 September 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $564.8 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 September 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (3 months remaining) $ 38,827 $ 50,507 $ 89,334 2021 199,311 208,147 407,458 2022 195,390 208,088 403,478 2023 179,643 202,661 382,304 2024 167,778 200,213 367,991 Thereafter 1,143,207 2,021,849 3,165,056 Total lease payments 1,924,156 2,891,465 4,815,621 Plus amount representing residual property value — 17,335 17,335 Less imputed interest (500,797) (1,114,919) (1,615,716) Total $ 1,423,359 $ 1,793,881 $ 3,217,240 The Company entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of September 30, 2020. These leases will commence between 2020 and 2022, with lease terms of 10 to 49 years and a total lease commitment of approximately $682.0 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. Singapore Office ("SGO") In April 2020, the Company entered into an office lease agreement, which commenced on August 1, 2020 with an initial term of seven years, as well as two three-year renewal options and a one-time early termination option for a certain floor after the third year of the lease. The Company determined that the renewal options and the early termination option were not reasonably certain to be exercised and therefore, the concluded lease term was seven years. The Company assessed the lease classification at the commencement date and concluded that the lease should be accounted for as an operating lease. During the three months ended September 30, 2020, the Company recorded operating lease ROU asset and liability of $64.2 million Singapore dollars, or approximately $47.1 million, at the exchange rate in effect on September 30, 2020. Seoul 1 ("SL1") Data Center In September 2020, the phase 2 from a previously signed lease for the SL1 data center was delivered and commenced, with an initial lease term of approximately four years and three five-year renewal options. The Company concluded that one renewal option of five years is reasonably certain to be exercised and therefore, the concluded lease term was approximately nine years. The Company assessed the lease classification of the lease at the commencement date and determined the lease should be accounted for as a finance lease. During the three months ended September 30, 2020, the Company recorded finance lease ROU asset and liability of 31,777 million Korean Won and 30,386 million Korean Won, respectively, or $27.2 million and $26.0 million, respectively, at the exchange rate in effect on September 30, 2020. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 31,900 21,313 $ 85,962 $ 61,210 Interest on lease liabilities 28,443 28,039 84,706 82,673 Total finance lease cost 60,343 49,352 170,668 143,883 Operating lease cost 55,135 57,946 161,482 164,505 Total lease cost $ 115,478 $ 107,298 $ 332,150 $ 308,388 (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): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 81,827 $ 79,140 Operating cash flows from operating leases 154,262 157,106 Financing cash flows from finance leases 74,446 62,785 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 357,137 $ 196,725 Operating leases 65,906 143,144 As of September 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 14 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) $ 1,551,396 $ 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 September 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $564.8 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 September 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (3 months remaining) $ 38,827 $ 50,507 $ 89,334 2021 199,311 208,147 407,458 2022 195,390 208,088 403,478 2023 179,643 202,661 382,304 2024 167,778 200,213 367,991 Thereafter 1,143,207 2,021,849 3,165,056 Total lease payments 1,924,156 2,891,465 4,815,621 Plus amount representing residual property value — 17,335 17,335 Less imputed interest (500,797) (1,114,919) (1,615,716) Total $ 1,423,359 $ 1,793,881 $ 3,217,240 The Company entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of September 30, 2020. These leases will commence between 2020 and 2022, with lease terms of 10 to 49 years and a total lease commitment of approximately $682.0 million.

Debt Facilities

Debt Facilities	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt Facilities	Debt Facilities Mortgage and Loans Payable As of September 30, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands): September 30, December 31, 2019 Term loans $ 1,243,882 $ 1,287,151 Mortgage payable and loans payable 77,982 82,967 1,321,864 1,370,118 Less amount representing unamortized debt discount and debt issuance cost (3,601) (4,849) Add amount representing unamortized mortgage premium 1,787 1,768 1,320,050 1,367,037 Less current portion (78,273) (77,603) Total $ 1,241,777 $ 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 September 30, 2020, the Company had 35 irrevocable letters of credit totaling $74.1 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 September 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 September 30, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands): September 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 — — % 841,500 3.08 % 1.250% Senior Notes due 2025 500,000 1.46 % — — % 2.875% Euro Senior Notes due 2025 1,172,400 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 % 2.875% Euro Senior Notes due 2026 1,172,400 3.04 % 1,122,000 3.04 % 1.800% Senior Notes due 2027 500,000 1.96 % — — % 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 % 2.150% Senior Notes due 2030 1,100,000 2.27 % — — % 3.000% Senior Notes due 2050 500,000 3.09 % — — % 9,294,800 9,029,211 Less amount representing unamortized debt issuance cost (90,441) (78,030) Add amount representing unamortized debt premium 370 1,716 9,204,729 8,952,897 Less current portion (2,043,994) (643,224) Total $ 7,160,735 $ 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. Redemption of 2.875% Euro Senior Notes due 2024 and 5.875% Senior Notes due 2026 On July 8, 2020, using a portion of the net cash proceeds from the 2025, 2027, 2030, and 2050 Notes, the Company redeemed 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, during the three months ended September 30, 2020. 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 September 30, 2020 (in thousands): Years ending: 2020 (3 months remaining) $ 1,928,414 2021 228,201 2022 1,189,716 2023 6,656 2024 1,006,165 Thereafter 6,259,299 Total $ 10,618,451 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): September 30, December 31, Mortgage and loans payable $ 1,330,510 $ 1,378,429 Senior notes 9,721,217 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 Nine Months Ended 2020 2019 2020 2019 Interest expense $ 99,736 $ 118,674 $ 315,554 $ 362,067 Interest capitalized 7,091 8,424 20,002 24,188 Interest charges incurred $ 106,827 $ 127,098 $ 335,556 $ 386,255 Total interest paid in cash, net of capitalized interest, during the three months ended September 30, 2020 and 2019 was $108.1 million and $144.8 million, respectively. Total interest paid in cash, net of capitalized interest, during the nine months ended September 30, 2020 and 2019 was $346.7 million and $388.5 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 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 September 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 $1.2 billion as of September 30, 2020. In addition, the Company entered into lease agreements in various locations that have not yet commenced as of September 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 September 30, 2020, the Company had future equity contribution commitments of €10.9 million and £8.7 million, or $24.0 million in total at the exchange rate in effect on September 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	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stockholders' Equity Rollforward The following tables provide a rollforward of stockholders' equity for the three and nine months ended September 30, 2020 and 2019 (in thousands, except share and per share data): AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional 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 AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Accumulated Shares Amount Shares Amount 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 Net income — — — — — — — 66,687 66,687 144 66,831 Other comprehensive income — — — — — — 38,490 — 38,490 30 38,520 Issuance of common stock and release of treasury stock for employee equity awards 287,635 — 11,705 4,356 27,372 — — — 31,728 — 31,728 Issuance of common stock under ATM Program 252,982 — — — 196,477 — — — 196,477 — 196,477 Dividend distribution on common stock, $2.66 per share — — — — — (236,538) — — (236,538) — (236,538) Settlement of accrued dividends on vested equity awards — — — — 81 (275) — — (194) — (194) Accrued dividends on unvested equity awards — — — — — (3,764) — — (3,764) — (3,764) Stock-based compensation, net of estimated forfeitures — — — — 74,648 — — — 74,648 — 74,648 Balance as of September 30, 2020 89,431,296 $ 89 (329,580) $ (122,686) $ 14,950,522 $ (4,879,618) $ (1,101,801) $ 1,709,308 $ 10,555,814 $ 152 $ 10,555,966 Additional 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 Net income (loss) — — — — — — — 120,850 120,850 (39) 120,811 Other comprehensive loss — — — — — — (81,793) — (81,793) (28) (81,821) Issuance of common stock and release of treasury stock for employee equity awards 276,497 1 2,010 424 24,000 — — — 24,425 — 24,425 Additional Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Issuance of common stock under ATM Program 181,194 — — — 99,421 — — — 99,421 — 99,421 Dividend distribution on common stock, $2.46 per share — — — — — (209,226) — — (209,226) — (209,226) Settlement of accrued dividends on vested equity awards — — — — 12 (230) — — (218) — (218) Accrued dividends on unvested equity awards — — — — — (2,993) — — (2,993) — (2,993) Stock-based compensation, net of estimated forfeitures — — — — 61,403 — — — 61,403 — 61,403 Balance as of September 30, 2019 85,671,643 $ 86 (392,784) $ (144,301) $ 12,635,450 $ (3,956,318) $ (1,040,236) $ 1,266,430 $ 8,761,111 $ (80) $ 8,761,031 Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): Balance as of December 31, Net Balance as of September 30, Foreign currency translation adjustment ("CTA") gain (loss) $ (1,056,918) $ 66,914 $ (990,004) Unrealized gain (loss) on cash flow hedges (1) 15,638 (54,966) (39,328) Net investment hedge CTA gain (loss) (1) 107,619 (179,213) (71,594) Net actuarial gain (loss) on defined benefit plans (2) (952) 77 (875) Accumulated other comprehensive loss attributable to Equinix $ (934,613) $ (167,188) $ (1,101,801) (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 September 30, 2020, the U.S. Dollar was generally weaker relative to certain of the currencies of the foreign countries in which the Company operates as compared to December 31, 2019. Because of this, the U.S. Dollar had an overall favorable impact on the Company's condensed consolidated financial position because the foreign denominations translated into more U.S. Dollars as evidenced by a decrease in foreign currency translation loss for the nine months ended September 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 three and nine months ended September 30, 2020, the Company sold 252,982 shares and 415,512 shares, respectively, under the ATM Program, for approximately $196.5 million and $298.3 million, respectively, net of payment of commissions to sales agents and other offering expenses. For the three and nine months ended September 30, 2019, the Company sold 181,194 shares and 903,555 shares, respectively, under the ATM program, for approximately $99.4 million and $447.5 million, respectively, net of payment of commissions to sales agents and other offering expenses. As of September 30, 2020, no shares remained available for sale under the ATM Program. Stock-Based Compensation For the nine months ended September 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 709,450 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 $593.74 per share and a weighted-average requisite service period of 3.30 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 nine months ended September 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 nine months ended September 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 Nine Months Ended 2020 2019 2020 2019 Cost of revenues $ 7,856 $ 7,104 $ 24,854 $ 18,616 Sales and marketing 17,630 15,794 54,390 44,252 General and administrative 49,762 40,973 152,414 111,545 Total $ 75,248 $ 63,871 $ 231,658 $ 174,413

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment InformationWhile the Company has one primary 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 September 30, 2020 Nine Months Ended September 30, 2020 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 450,030 $ 391,773 $ 236,762 $ 1,078,565 $ 1,348,482 $ 1,135,247 $ 686,658 $ 3,170,387 Interconnection 156,677 55,700 48,565 260,942 460,993 155,145 136,376 752,514 Managed infrastructure 28,954 30,690 22,614 82,258 83,372 89,839 66,588 239,799 Other (1) 3,911 5,581 815 10,307 14,212 14,177 815 29,204 Recurring revenues 639,572 483,744 308,756 1,432,072 1,907,059 1,394,408 890,437 4,191,904 Non-recurring revenues 32,760 34,339 20,596 87,695 88,597 90,674 63,255 242,526 Total $ 672,332 $ 518,083 $ 329,352 $ 1,519,767 $ 1,995,656 $ 1,485,082 $ 953,692 $ 4,434,430 (1) Includes some leasing and hedging activities. Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 441,596 $ 357,201 $ 214,304 $ 1,013,101 $ 1,325,663 $ 1,036,121 $ 637,703 $ 2,999,487 Interconnection 146,212 41,063 39,495 226,770 427,235 117,202 114,148 658,585 Managed infrastructure 24,082 27,651 22,553 74,286 68,777 85,136 66,940 220,853 Other (1) 3,392 1,787 — 5,179 14,723 6,561 — 21,284 Recurring revenues 615,282 427,702 276,352 1,319,336 1,836,398 1,245,020 818,791 3,900,209 Non-recurring revenues 29,993 30,438 17,043 77,474 97,663 97,635 49,498 244,796 Total $ 645,275 $ 458,140 $ 293,395 $ 1,396,810 $ 1,934,061 $ 1,342,655 $ 868,289 $ 4,145,005 (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 nine months ended September 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 Nine Months Ended 2020 2019 2020 2019 Adjusted EBITDA: Americas $ 290,550 $ 306,656 $ 886,270 $ 923,546 EMEA 263,216 212,518 736,971 621,235 Asia-Pacific 183,479 155,528 518,255 467,086 Total adjusted EBITDA 737,245 674,702 2,141,496 2,011,867 Depreciation, amortization and accretion expense (362,286) (321,746) (1,048,151) (957,001) Stock-based compensation expense (75,248) (63,871) (231,658) (174,413) Impairment charges (7,306) (1,189) (7,306) (16,023) Transaction costs (5,840) (2,991) (30,987) (8,236) Gain on asset sales 1,785 463 928 463 Income from operations $ 288,350 $ 285,368 $ 824,322 $ 856,657 The Company also provides the following additional segment disclosures (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Depreciation and amortization: Americas $ 182,537 $ 168,999 $ 534,545 $ 503,013 EMEA 100,861 86,607 286,247 258,752 Asia-Pacific 77,290 66,285 224,358 192,528 Total $ 360,688 $ 321,891 $ 1,045,150 $ 954,293 Capital expenditures: Americas $ 237,737 $ 203,281 $ 604,051 $ 521,399 EMEA 249,310 171,293 568,702 506,499 Asia-Pacific 78,238 182,248 275,421 337,062 Total $ 565,285 $ 556,822 $ 1,448,174 $ 1,364,960 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): September 30, December 31, Americas $ 5,717,181 $ 5,400,287 EMEA 4,566,129 4,051,701 Asia-Pacific 2,827,244 2,700,609 Total Property, plant and equipment, net $ 13,110,554 $ 12,152,597 Americas $ 356,465 $ 387,598 EMEA 511,294 521,129 Asia-Pacific 568,578 566,640 Total Operating lease right-of-use assets $ 1,436,337 $ 1,475,367

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Completion of the Bell Acquisition In October 2020, the Company completed the acquisition of 12 data center sites in Canada and their operations from Bell, with one remaining data center in Ottawa Canada, which the Company expects to be acquired in the fourth quarter of 2020 as the closing conditions are satisfied. Refer to Note 4 for a discussion of this acquisition. 1.000% Senior Notes due 2025, 1.550% Senior Notes due 2028, and 2.950% Senior Notes due 2051 On October 7, 2020, the Company issued $700.0 million aggregate principal amount of 1.000% Senior Notes due 2025 (the “2025 Notes”), $650.0 million aggregate principal amount of 1.550% Senior Notes due 2028 (the “2028 Notes"), and $500.0 million aggregate principal amount of 2.950% Senior Notes due 2051 (the “2051 Notes”). Interest on these notes is payable semi-annually on March 15 and September 15 of each year, commencing March 15, 2021. Debt issuance costs and debt discounts related to the 2025 Notes, 2028 Notes, and 2051 Notes were $5.5 million, $5.2 million, and $5.3 million, respectively. Redemption of 2.875% Senior Notes due 2025 and 2.875% Senior Notes due 2026 On October 23, 2020, the Company used a portion of the net cash proceeds from the issuance of 2025, 2028, and 2051 Notes, as described above, to fund the redemption of all of the outstanding €1.0 billion 2.875% Senior Notes due 2025 and €0.5 billion aggregate principal amount of its outstanding €1.0 billion aggregate principal amount 2.875% Senior Notes due 2026. In connection with the redemption, the Company incurred $44.2 million of loss on debt extinguishment, including $29.3 million in redemption premium that was paid in cash and $14.9 million related to the write-off of unamortized debt issuance costs. Declaration of dividends On October 28, 2020, the Company declared a quarterly cash dividend of $2.66 per share, which is payable on December 9, 2020 to the Company's common stockholders of record as of the close of business on November 18, 2020. 2020 ATM Program On October 30, 2020, the Company entered into an equity distribution agreement with various financial institutions, establishing an "at the market" equity offering program, under which the Company may offer and sell from time to time up to an aggregate of $1.5 billion of its common stock in "at the market" transactions (the "2020 ATM Program"). No sales have been made under the 2020 ATM Program to date. The Company’s previous equity distribution agreement, dated December 19, 2018 has been terminated.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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 August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-06: Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The ASU simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock and modifies the disclosure requirement for the convertible instruments. Additionally, this ASU improves the consistency of EPS calculations by eliminating the use of the treasury stock method to calculate diluted EPS for convertible instruments and clarifies certain areas under the current EPS guidance. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted at the beginning of the fiscal year after December 15, 2020. The Company is currently evaluating the extent of the impact of this ASU, but does not expect the adoption of this standard to have significant impact on its condensed consolidated financial statements. In December 2019, FASB issued 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. 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 of this ASU, but does not expect the adoption of this standard to have a significant impact 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 nine months ended September 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
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	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 September 30, 2020 and December 31, 2019, the total principal amounts of foreign currency debt obligations designated as net investment hedges were $1.8 billion and $4.1 billion, respectively. The Company also uses cross-currency interest rate swaps to hedge a portion of its net investment in its European operations. As of September 30, 2020, U.S. Dollar to Euro cross-currency interest rate swap contracts with a total notional amount of $3.3 billion 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. Cash Flow Hedges .
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 .
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 condensed 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 condensed 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 one primary 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.
Remaining performance obligations	Remaining performance obligations As of September 30, 2020, approximately $7.8 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.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 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 6,466 Net write-offs and recoveries (5,181) Impact of foreign currency exchange 218 Balance at September 30, 2020 $ 15,429
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 6,466 Net write-offs and recoveries (5,181) Impact of foreign currency exchange 218 Balance at September 30, 2020 $ 15,429

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 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 assets, current Contract assets, 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 September 30, 2020 705,509 10,390 57,538 100,547 66,485 Increase $ 16,375 $ 357 $ 26,017 $ 24,354 $ 19,930

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended 2020 2019 2020 2019 Net income $ 66,831 $ 120,811 $ 319,138 $ 382,410 Net (income) loss attributable to non-controlling interests (144) 39 (355) 45 Net income attributable to Equinix $ 66,687 $ 120,850 $ 318,783 $ 382,455 Weighted-average shares used to calculate basic EPS 88,806 85,012 87,226 83,753 Effect of dilutive securities: Employee equity awards 713 559 699 470 Weighted-average shares used to calculate diluted EPS 89,519 85,571 87,925 84,223 EPS attributable to Equinix: Basic EPS $ 0.75 $ 1.42 $ 3.65 $ 4.57 Diluted EPS $ 0.74 $ 1.41 $ 3.63 $ 4.54

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Schedule of 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 5,098 — Other current assets 299 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 227,669 78,902 Other assets 138 — Total assets acquired 326,436 193,753 Accounts payable and accrued liabilities (1,275) (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

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Disclosure of Long Lived Assets Held-for-sale	The following table summarizes the assets and liabilities that were classified as assets and liabilities held for sale in the condensed consolidated balance sheet as of September 30, 2020 (in thousands): September 30, Other current assets $ 11,281 Property, plant and equipment 276,330 Goodwill 7,313 Total assets held for sale $ 294,924 Accounts payable and accrued liabilities (1) $ 7,200 Total liabilities held for sale (1) $ 7,200 (1) $7.2 million of accrued costs to sell the Asia-Pacific Joint Venture were recorded as transaction costs during the nine months ended September 30, 2020 and classified as liabilities held for sale as of September 30, 2020, reducing the carrying value of the disposal group to the estimated fair value less costs to sell. Liabilities held for sale were included within other current liabilities on the condensed consolidated balance sheet.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Foreign currency debt $ (130,774) $ 151,825 $ (116,887) $ 181,431 Cross-currency interest rate swaps (included component) (1) (78,226) 30,505 (74,419) 36,331 Cross-currency interest rate swaps (excluded component) (2) (16,588) 6,566 13,606 10,117 Foreign currency forward contracts (included component) (1) (1,485) — (1,485) — Foreign currency forward contracts (excluded component) (3) (28) — (28) — Total $ (227,101) $ 188,896 $ (179,213) $ 227,879 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Nine Months Ended 2020 2019 2020 2019 Cross-currency interest rate swaps (excluded component) (2) Interest expense 6,613 5,072 17,161 14,163 Foreign currency forward contracts (excluded component) (3) Interest expense 1 — 1 — Total $ 6,614 $ 5,072 $ 17,162 $ 14,163 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents cross-currency basis spread and interest rates. (3) Excluded component represents foreign currency forward points.
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 nine months ended September 30, 2020 and 2019 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Foreign currency forward and option contracts (included component) (1) $ (40,770) $ 20,979 $ (35,092) $ 29,345 Foreign currency option contracts (excluded component) (2) 639 (1,518) 2,315 (2,923) Interest rate locks (2,420) — (29,302) — Total $ (42,551) $ 19,461 $ (62,079) $ 26,422 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Nine Months Ended Location of gain or (loss) 2020 2019 2020 2019 Foreign currency forward contracts Revenues $ 2,904 $ 27,843 $ 44,681 $ 56,388 Foreign currency forward contracts Costs and operating expenses (1,951) (14,474) (23,449) (29,548) Interest rate locks Interest Expense (731) — (473) — Total $ 222 $ 13,369 $ 20,759 $ 26,840 Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Nine 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 (430) (538) (1,454) (555) Total $ (430) $ (538) $ (1,454) $ (467) (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 Nine Months Ended Location of gain or (loss) 2020 2019 2020 2019 Embedded derivatives Revenues $ (3,308) $ 2,830 $ 1,402 $ 3,552 Economic hedge of embedded derivatives Revenues 3,259 (3,221) (2,342) (2,680) Foreign currency forward contracts Other income (expense) (50,022) 77,644 (29,214) 96,143 Total $ (50,071) $ 77,253 $ (30,154) $ 97,015
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 September 30, 2020 and December 31, 2019 (in thousands): September 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 $ 4,919 $ 22,792 $ 24,853 $ 5,898 Interest rate locks — 3,848 — — Net investment hedges Cross-currency interest rate swaps 18,465 53,026 26,251 — Foreign currency forward contracts — 1,512 — — Total designated as hedging 23,384 81,178 51,104 5,898 Not designated as hedging instruments: Embedded derivatives 5,562 1,754 4,595 2,268 Economic hedges of embedded derivatives 691 — 1,367 — Foreign currency forward contracts 14,257 35,706 641 27,446 Total not designated as hedging 20,510 37,460 6,603 29,714 Total Derivatives $ 43,894 $ 118,638 $ 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 September 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net September 30, 2020 Derivative assets $ 63,037 $ — $ 63,037 $ (56,415) $ 6,622 Derivative liabilities 129,889 — 129,889 (56,415) 73,474 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 September 30, 2020 and December 31, 2019 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net September 30, 2020 Derivative assets $ 63,037 $ — $ 63,037 $ (56,415) $ 6,622 Derivative liabilities 129,889 — 129,889 (56,415) 73,474 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)	9 Months Ended
	Sep. 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 September 30, 2020 were as follows (in thousands): Fair Value at September 30, Fair Value Level 1 Level 2 Assets: Money market and deposit accounts $ 672,179 $ 672,179 $ — Publicly traded equity securities 5,884 5,884 — Certificates of deposit 8,302 — 8,302 Derivative instruments (1) 43,894 — 43,894 Total $ 730,259 $ 678,063 $ 52,196 Liabilities: Derivative instruments (1) $ 118,638 $ — $ 118,638 (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 December 31, Fair Value 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)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Components of lease expenses	The components of lease expenses are as follows (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Finance lease cost Amortization of right-of-use assets (1) $ 31,900 21,313 $ 85,962 $ 61,210 Interest on lease liabilities 28,443 28,039 84,706 82,673 Total finance lease cost 60,343 49,352 170,668 143,883 Operating lease cost 55,135 57,946 161,482 164,505 Total lease cost $ 115,478 $ 107,298 $ 332,150 $ 308,388 (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): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 81,827 $ 79,140 Operating cash flows from operating leases 154,262 157,106 Financing cash flows from finance leases 74,446 62,785 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 357,137 $ 196,725 Operating leases 65,906 143,144 As of September 30, 2020 As of December 31, 2019 Weighted-average remaining lease term - finance leases (2) 14 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) $ 1,551,396 $ 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 September 30, 2020 and December 31, 2019, the Company recorded accumulated amortization of finance lease assets of $564.8 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 September 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (3 months remaining) $ 38,827 $ 50,507 $ 89,334 2021 199,311 208,147 407,458 2022 195,390 208,088 403,478 2023 179,643 202,661 382,304 2024 167,778 200,213 367,991 Thereafter 1,143,207 2,021,849 3,165,056 Total lease payments 1,924,156 2,891,465 4,815,621 Plus amount representing residual property value — 17,335 17,335 Less imputed interest (500,797) (1,114,919) (1,615,716) Total $ 1,423,359 $ 1,793,881 $ 3,217,240
Maturities of lease liabilities	Maturities of lease liabilities as of September 30, 2020 are as follows (in thousands): Operating Leases Finance Leases Total 2020 (3 months remaining) $ 38,827 $ 50,507 $ 89,334 2021 199,311 208,147 407,458 2022 195,390 208,088 403,478 2023 179,643 202,661 382,304 2024 167,778 200,213 367,991 Thereafter 1,143,207 2,021,849 3,165,056 Total lease payments 1,924,156 2,891,465 4,815,621 Plus amount representing residual property value — 17,335 17,335 Less imputed interest (500,797) (1,114,919) (1,615,716) Total $ 1,423,359 $ 1,793,881 $ 3,217,240

Debt Facilities (Tables)

Debt Facilities (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of debt	As of September 30, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands): September 30, December 31, 2019 Term loans $ 1,243,882 $ 1,287,151 Mortgage payable and loans payable 77,982 82,967 1,321,864 1,370,118 Less amount representing unamortized debt discount and debt issuance cost (3,601) (4,849) Add amount representing unamortized mortgage premium 1,787 1,768 1,320,050 1,367,037 Less current portion (78,273) (77,603) Total $ 1,241,777 $ 1,289,434 As of September 30, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands): September 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 — — % 841,500 3.08 % 1.250% Senior Notes due 2025 500,000 1.46 % — — % 2.875% Euro Senior Notes due 2025 1,172,400 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 % 2.875% Euro Senior Notes due 2026 1,172,400 3.04 % 1,122,000 3.04 % 1.800% Senior Notes due 2027 500,000 1.96 % — — % 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 % 2.150% Senior Notes due 2030 1,100,000 2.27 % — — % 3.000% Senior Notes due 2050 500,000 3.09 % — — % 9,294,800 9,029,211 Less amount representing unamortized debt issuance cost (90,441) (78,030) Add amount representing unamortized debt premium 370 1,716 9,204,729 8,952,897 Less current portion (2,043,994) (643,224) Total $ 7,160,735 $ 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.
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 September 30, 2020 (in thousands): Years ending: 2020 (3 months remaining) $ 1,928,414 2021 228,201 2022 1,189,716 2023 6,656 2024 1,006,165 Thereafter 6,259,299 Total $ 10,618,451
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): September 30, December 31, Mortgage and loans payable $ 1,330,510 $ 1,378,429 Senior notes 9,721,217 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 Nine Months Ended 2020 2019 2020 2019 Interest expense $ 99,736 $ 118,674 $ 315,554 $ 362,067 Interest capitalized 7,091 8,424 20,002 24,188 Interest charges incurred $ 106,827 $ 127,098 $ 335,556 $ 386,255

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Schedule of rollforward of stockholders' equity	The following tables provide a rollforward of stockholders' equity for the three and nine months ended September 30, 2020 and 2019 (in thousands, except share and per share data): AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional 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 AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Accumulated Shares Amount Shares Amount 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 Net income — — — — — — — 66,687 66,687 144 66,831 Other comprehensive income — — — — — — 38,490 — 38,490 30 38,520 Issuance of common stock and release of treasury stock for employee equity awards 287,635 — 11,705 4,356 27,372 — — — 31,728 — 31,728 Issuance of common stock under ATM Program 252,982 — — — 196,477 — — — 196,477 — 196,477 Dividend distribution on common stock, $2.66 per share — — — — — (236,538) — — (236,538) — (236,538) Settlement of accrued dividends on vested equity awards — — — — 81 (275) — — (194) — (194) Accrued dividends on unvested equity awards — — — — — (3,764) — — (3,764) — (3,764) Stock-based compensation, net of estimated forfeitures — — — — 74,648 — — — 74,648 — 74,648 Balance as of September 30, 2020 89,431,296 $ 89 (329,580) $ (122,686) $ 14,950,522 $ (4,879,618) $ (1,101,801) $ 1,709,308 $ 10,555,814 $ 152 $ 10,555,966 Additional 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 Net income (loss) — — — — — — — 120,850 120,850 (39) 120,811 Other comprehensive loss — — — — — — (81,793) — (81,793) (28) (81,821) Issuance of common stock and release of treasury stock for employee equity awards 276,497 1 2,010 424 24,000 — — — 24,425 — 24,425 Additional Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Issuance of common stock under ATM Program 181,194 — — — 99,421 — — — 99,421 — 99,421 Dividend distribution on common stock, $2.46 per share — — — — — (209,226) — — (209,226) — (209,226) Settlement of accrued dividends on vested equity awards — — — — 12 (230) — — (218) — (218) Accrued dividends on unvested equity awards — — — — — (2,993) — — (2,993) — (2,993) Stock-based compensation, net of estimated forfeitures — — — — 61,403 — — — 61,403 — 61,403 Balance as of September 30, 2019 85,671,643 $ 86 (392,784) $ (144,301) $ 12,635,450 $ (3,956,318) $ (1,040,236) $ 1,266,430 $ 8,761,111 $ (80) $ 8,761,031
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 December 31, Net Balance as of September 30, Foreign currency translation adjustment ("CTA") gain (loss) $ (1,056,918) $ 66,914 $ (990,004) Unrealized gain (loss) on cash flow hedges (1) 15,638 (54,966) (39,328) Net investment hedge CTA gain (loss) (1) 107,619 (179,213) (71,594) Net actuarial gain (loss) on defined benefit plans (2) (952) 77 (875) Accumulated other comprehensive loss attributable to Equinix $ (934,613) $ (167,188) $ (1,101,801) (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 Nine Months Ended 2020 2019 2020 2019 Cost of revenues $ 7,856 $ 7,104 $ 24,854 $ 18,616 Sales and marketing 17,630 15,794 54,390 44,252 General and administrative 49,762 40,973 152,414 111,545 Total $ 75,248 $ 63,871 $ 231,658 $ 174,413

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 Nine Months Ended September 30, 2020 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 450,030 $ 391,773 $ 236,762 $ 1,078,565 $ 1,348,482 $ 1,135,247 $ 686,658 $ 3,170,387 Interconnection 156,677 55,700 48,565 260,942 460,993 155,145 136,376 752,514 Managed infrastructure 28,954 30,690 22,614 82,258 83,372 89,839 66,588 239,799 Other (1) 3,911 5,581 815 10,307 14,212 14,177 815 29,204 Recurring revenues 639,572 483,744 308,756 1,432,072 1,907,059 1,394,408 890,437 4,191,904 Non-recurring revenues 32,760 34,339 20,596 87,695 88,597 90,674 63,255 242,526 Total $ 672,332 $ 518,083 $ 329,352 $ 1,519,767 $ 1,995,656 $ 1,485,082 $ 953,692 $ 4,434,430 (1) Includes some leasing and hedging activities. Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 441,596 $ 357,201 $ 214,304 $ 1,013,101 $ 1,325,663 $ 1,036,121 $ 637,703 $ 2,999,487 Interconnection 146,212 41,063 39,495 226,770 427,235 117,202 114,148 658,585 Managed infrastructure 24,082 27,651 22,553 74,286 68,777 85,136 66,940 220,853 Other (1) 3,392 1,787 — 5,179 14,723 6,561 — 21,284 Recurring revenues 615,282 427,702 276,352 1,319,336 1,836,398 1,245,020 818,791 3,900,209 Non-recurring revenues 29,993 30,438 17,043 77,474 97,663 97,635 49,498 244,796 Total $ 645,275 $ 458,140 $ 293,395 $ 1,396,810 $ 1,934,061 $ 1,342,655 $ 868,289 $ 4,145,005 (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 Nine Months Ended 2020 2019 2020 2019 Adjusted EBITDA: Americas $ 290,550 $ 306,656 $ 886,270 $ 923,546 EMEA 263,216 212,518 736,971 621,235 Asia-Pacific 183,479 155,528 518,255 467,086 Total adjusted EBITDA 737,245 674,702 2,141,496 2,011,867 Depreciation, amortization and accretion expense (362,286) (321,746) (1,048,151) (957,001) Stock-based compensation expense (75,248) (63,871) (231,658) (174,413) Impairment charges (7,306) (1,189) (7,306) (16,023) Transaction costs (5,840) (2,991) (30,987) (8,236) Gain on asset sales 1,785 463 928 463 Income from operations $ 288,350 $ 285,368 $ 824,322 $ 856,657
Segment disclosures	The Company also provides the following additional segment disclosures (in thousands): Three Months Ended Nine Months Ended 2020 2019 2020 2019 Depreciation and amortization: Americas $ 182,537 $ 168,999 $ 534,545 $ 503,013 EMEA 100,861 86,607 286,247 258,752 Asia-Pacific 77,290 66,285 224,358 192,528 Total $ 360,688 $ 321,891 $ 1,045,150 $ 954,293 Capital expenditures: Americas $ 237,737 $ 203,281 $ 604,051 $ 521,399 EMEA 249,310 171,293 568,702 506,499 Asia-Pacific 78,238 182,248 275,421 337,062 Total $ 565,285 $ 556,822 $ 1,448,174 $ 1,364,960
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): September 30, December 31, Americas $ 5,717,181 $ 5,400,287 EMEA 4,566,129 4,051,701 Asia-Pacific 2,827,244 2,700,609 Total Property, plant and equipment, net $ 13,110,554 $ 12,152,597 Americas $ 356,465 $ 387,598 EMEA 511,294 521,129 Asia-Pacific 568,578 566,640 Total Operating lease right-of-use assets $ 1,436,337 $ 1,475,367

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Narrative (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jan. 08, 2020data_center	Jan. 01, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate, continuing operations		24.70%	27.90%
Adjustments due to adoption of ASU 2016-13	$ 8,669,294	$ 10,555,966	$ 8,761,031	$ 10,388,258			$ 8,840,382	$ 8,749,229	$ 8,424,788	$ 7,219,279
Allowance for doubtful accounts		15,429					13,026
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adjustments due to adoption of ASU 2016-13	1,509,317	$ 1,709,308	$ 1,266,430	$ 1,642,621			1,391,425	$ 1,145,580	$ 1,002,053	889,948
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts						$ 900
COVID-19
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
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	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 13,026
Adjustments due to adoption of ASU 2016-13	10,555,966	$ 8,761,031	$ 10,388,258	$ 8,669,294		$ 8,840,382	$ 8,749,229	$ 8,424,788	$ 7,219,279
Provision for allowance for doubtful accounts	6,466	8,588
Net write-offs and recoveries	(5,181)
Accounts Receivable, Allowance For Credit Losses, Foreign Currency Translation	218
Ending balance	15,429
Retained Earnings
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adjustments due to adoption of ASU 2016-13	$ 1,709,308	$ 1,266,430	$ 1,642,621	$ 1,509,317		1,391,425	$ 1,145,580	$ 1,002,053	889,948
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)

Revenue - Opening and Closing B

Revenue - Opening and Closing Balances (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 705,509	$ 689,134	$ 689,134
Increase in accounts receivables	16,375
Contract assets, current	10,390	10,033
Increase in contract asset, current	357
Contract assets, non-current	57,538	31,521
Increase in contract asset, non-current	26,017
Deferred revenue, current	100,547	76,193
Increase in deferred revenue, current	24,354
Deferred revenue, non-current	66,485	$ 46,555
Increase in deferred revenue, non-current	19,930
Deferred revenue, revenue recognized	75,100
Revenue, remaining performance obligation	$ 7,800,000

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Deferred revenue, revenue recognized	$ 75.1
Revenue, remaining performance obligation	$ 7,800
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
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						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 66,831	$ 133,350	$ 118,957	$ 120,811	$ 143,852	$ 117,747	$ 319,138	$ 382,410
Net (income) loss attributable to non-controlling interests	(144)			39			(355)	45
Net income attributable to Equinix	$ 66,687			$ 120,850			$ 318,783	$ 382,455
Weighted-average shares used to calculate basic EPS (in shares)	88,806			85,012			87,226	83,753
Effect of dilutive securities:
Employee equity awards (in shares)	713			559			699	470
Weighted-average shares used to calculate diluted EPS (in shares)	89,519			85,571			87,925	84,223
Basic EPS (in dollars per share)	$ 0.75			$ 1.42			$ 3.65	$ 4.57
Diluted EPS (in dollars per share)	$ 0.74			$ 1.41			$ 3.63	$ 4.54

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Anti-dilutive potential shares of common stock excluded from computation of earnings per share (in shares)	16	17	31	22

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Detail) $ in Thousands, € in Millions, $ in Millions

Oct. 01, 2020USD ($)data_center

Oct. 01, 2020CAD ($)data_center

Mar. 02, 2020USD ($)

Jan. 08, 2020USD ($)data_center

Apr. 18, 2019USD ($)

Apr. 18, 2019EUR (€)

Mar. 31, 2021CAD ($)data_center

Dec. 31, 2020USD ($)data_center

Dec. 31, 2020CAD ($)data_center

Sep. 30, 2020USD ($)

Mar. 31, 2020USD ($)

Sep. 30, 2019USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2019USD ($)

Business Acquisition [Line Items]

Stock-based compensation expense

$ 75,248

$ 63,871

$ 231,658

$ 174,413

Transaction costs for acquisitions

5,840

$ 2,991

30,987

$ 8,236

Packet Host, Inc.

Business Acquisition [Line Items]

Consideration transferred

$ 290,300

Stock-based compensation expense

$ 16,100

Value of equity issued

$ 30,200

Vesting period of equity issued

3 years

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

11,200

Revenues from acquisitions included in results of operations

13,400

34,900

Net loss of acquisitions included in earnings

$ 7,500

$ 27,800

Bell Acquisition | Subsequent Event

Business Acquisition [Line Items]

Data centers purchased | data_center

12

12

1

1

Cash consideration for acquisition

$ 723,900

$ 961

$ 60,300

$ 80

Switch Datacenters' AMS1

Business Acquisition [Line Items]

Cash consideration for acquisition

$ 34,300

€ 30.6

BCE Inc. | Subsequent Event

Business Acquisition [Line Items]

Data centers purchased | data_center

12

12

1

1

Forecast | GPX India Acquisition

Business Acquisition [Line Items]

Data centers purchased | data_center

2

Cash consideration for acquisition

$ 161

Acquisitions - Preliminary Purc

Acquisitions - Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 02, 2020	Jan. 08, 2020	Dec. 31, 2019
Allocation of purchase price consideration
Goodwill	$ 5,125,230			$ 4,781,858
Packet Host, Inc.
Allocation of purchase price consideration
Cash and cash equivalents		$ 1,068
Accounts receivable		5,098
Other current assets		299
Property, plant, and equipment		27,945
Operating lease right-of-use assets		1,519
Intangible assets		62,700
Goodwill		227,669
Other assets		138
Total assets acquired		326,436
Accounts payable and accrued liabilities		(1,275)
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 Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2020development_site	Oct. 08, 2019
Long Lived Assets Held-for-sale [Line Items]
Equity method investment, ownership percentage						20.00%
Impairment charges | $	$ 7,306	$ 1,189	$ 7,306	$ 16,023
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%

Assets Held for Sale - Assets a

Assets Held for Sale - Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long Lived Assets Held-for-sale [Line Items]
Property, plant and equipment	$ 13,110,554	$ 12,152,597
Goodwill	5,125,230	4,781,858
Total assets	26,436,714	23,965,615
Total liabilities	15,880,748	$ 15,125,233
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | PA9 Data Center And Asia-Pacific Data Centers
Long Lived Assets Held-for-sale [Line Items]
Other current assets	11,281
Property, plant and equipment	276,330
Goodwill	7,313
Total assets	294,924
Accounts payable and accrued liabilities	7,200
Total liabilities	$ 7,200

Equity Method Investments (Deta

Equity Method Investments (Details) € in Millions, $ in Millions	Oct. 08, 2019EUR (€)	Oct. 08, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 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			$ 84.7	$ 84.7	$ 59.7
Fair value of contingent consideration			41.1	41.1	$ 40.1
Equinix, Inc.
Schedule of Equity Method Investments [Line Items]
Additional equity contribution made to joint venture			$ 3.6	$ 16.3
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 ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Designated as hedging instruments: | Cross Currency Interest Rate Contract
Derivative [Line Items]
Derivative, notional amount	$ 3,300,000,000	$ 750,000,000
Not designated as hedging instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative, notional amount	4,600,000,000	2,500,000,000
Net investment hedges | Designated as hedging instruments:
Derivative [Line Items]
Derivative, notional amount	1,800,000,000	4,100,000,000
Net investment hedges | Designated as hedging instruments: | Foreign Exchange Forward
Derivative [Line Items]
Derivative, notional amount	355,600,000	0
Cash flow hedges | Foreign currency forward and option contracts
Derivative [Line Items]
Derivative, notional amount	949,200,000	824,800,000
Net loss to be reclassified within the next 12 months	(7,800,000)	(16,300,000)
Cash flow hedges | Interest rate locks
Derivative [Line Items]
Derivative, notional amount	644,800,000	$ 0
Net loss to be reclassified within the next 12 months	3,600,000
Derivative, notional aggregate amount settled	$ 1,250,000,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Net investment Hedges (Details) - Net investment hedges - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Total	$ (227,101)	$ 188,896	$ (179,213)	$ 227,879
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income:	6,614	5,072	17,162	14,163
Foreign currency debt
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(130,774)	151,825	(116,887)	181,431
Cross-currency interest rate swap
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(78,226)	30,505	(74,419)	36,331
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	(16,588)	6,566	13,606	10,117
Cross-currency interest rate swap | Interest Expense
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income:	6,613	5,072	17,161	14,163
Foreign currency forward contracts
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(1,485)	0	(1,485)	0
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	(28)	0	(28)	0
Foreign currency forward contracts | Interest Expense
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income:	$ 1	$ 0	$ 1	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Cash Flow Hedges (Details) - Cash flow hedges - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	$ (42,551)	$ 19,461	$ (62,079)	$ 26,422
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	222	13,369	20,759	26,840
Amount of gain or (loss) excluded from effectiveness testing included in income:	(430)	(538)	(1,454)	(467)
Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(40,770)	20,979	(35,092)	29,345
Foreign currency option
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency option contracts (excluded component)	639	(1,518)	2,315	(2,923)
Foreign currency option | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) excluded from effectiveness testing included in income:	(430)	(538)	(1,454)	(555)
Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(2,420)	0	(29,302)	0
Interest rate locks | Interest Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	(731)	0	(473)	0
Foreign Exchange Forward | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	2,904	27,843	44,681	56,388
Foreign Exchange Forward | 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:	(1,951)	(14,474)	(23,449)	(29,548)
Foreign Exchange Forward | 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

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ (50,071)	$ 77,253	$ (30,154)	$ 97,015
Embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	(3,308)	2,830	1,402	3,552
Economic hedge of embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	3,259	(3,221)	(2,342)	(2,680)
Foreign currency forward contracts | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ (50,022)	$ 77,644	$ (29,214)	$ 96,143

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 43,894	$ 57,707
Liabilities	118,638	35,612
Designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	23,384	51,104
Liabilities	81,178	5,898
Designated as hedging instruments: | Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	4,919	24,853
Liabilities	22,792	5,898
Designated as hedging instruments: | Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0	0
Liabilities	3,848	0
Designated as hedging instruments: | Cross-currency interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	18,465	26,251
Liabilities	53,026	0
Designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0	0
Liabilities	1,512	0
Not designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	20,510	6,603
Liabilities	37,460	29,714
Not designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	14,257	641
Liabilities	35,706	27,446
Not designated as hedging instruments: | Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	5,562	4,595
Liabilities	1,754	2,268
Not designated as hedging instruments: | Economic hedge of embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	691	1,367
Liabilities	$ 0	$ 0

Derivatives and Hedging Activ_8

Derivatives and Hedging Activities - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivative assets
Gross Amounts	$ 63,037	$ 76,640
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	63,037	76,640
Gross Amounts not Offset in the Balance Sheet	(56,415)	(37,820)
Net	6,622	38,820
Derivative liabilities
Gross Amounts	129,889	45,832
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	129,889	45,832
Gross Amounts not Offset in the Balance Sheet	(56,415)	(37,820)
Net	$ 73,474	$ 8,012

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets:
Publicly traded equity securities	$ 5,884	$ 2,779
Derivative instruments	43,894	57,707
Total financial assets	730,259	954,616
Liabilities:
Derivative instruments	118,638	35,612
Money market and deposit accounts
Assets:
Cash and cash equivalents	672,179	886,547
Certificates of deposit
Assets:
Cash and cash equivalents	8,302	7,583
Level 1
Assets:
Publicly traded equity securities	5,884	2,779
Derivative instruments	0	0
Total financial assets	678,063	889,326
Liabilities:
Derivative instruments	0	0
Level 1 | Money market and deposit accounts
Assets:
Cash and cash equivalents	672,179	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	43,894	57,707
Total financial assets	52,196	65,290
Liabilities:
Derivative instruments	118,638	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	$ 8,302	$ 7,583

Leases - Narrative (Detail)

Leases - Narrative (Detail) د.إ in Millions, $ in Millions, $ in Millions

1 Months Ended

9 Months Ended

Sep. 30, 2020USD ($)renewal_option

Apr. 30, 2020renewal_option

Sep. 30, 2020USD ($)renewal_option

Sep. 30, 2020SGD ($)renewal_option

Sep. 30, 2020KRW (₩)renewal_option

Jun. 30, 2020USD ($)lease

Jun. 30, 2020SGD ($)lease

Jun. 30, 2020AED (د.إ)lease

May 31, 2020renewal_option

Mar. 31, 2020USD ($)renewal_option

Mar. 31, 2020HKD ($)renewal_option

Feb. 29, 2020

Feb. 20, 2020

Dec. 31, 2019USD ($)

Lessee, Lease, Description [Line Items]

Finance lease term

11 years

Right-of-use asset, finance lease

$ 1,551,396,000

$ 1,551,396,000

$ 1,277,614,000

Lease liability, finance lease

1,793,881,000

1,793,881,000

Operating lease right-of-use assets

1,436,337,000

1,436,337,000

$ 1,475,367,000

Operating lease liability

1,423,359,000

1,423,359,000

Lease liability

682,000,000

682,000,000

Silicon Valley 4 Data Center

Lessee, Lease, Description [Line Items]

Finance lease renewal term

5 years

Number of renewal options | renewal_option

2

2

Finance lease term

15 years 7 months

Right-of-use asset, finance lease

$ 62,800,000

Lease liability, finance lease

$ 63,300,000

Hong Kong 1 Data Center

Lessee, Lease, Description [Line Items]

Finance lease term

18 years

18 years

Right-of-use asset, finance lease

$ 21,000,000

$ 163

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

Finance lease, renewal term

5 years

Right-of-use asset, finance lease

$ 42,200,000

Lease liability, finance lease

42,200,000

Operating lease term of contract

10 years 6 months

Number of operating lease renewal terms | renewal_option

2

Operating lease, remaining lease term

11 years

Operating lease right-of-use assets

8,300,000

Operating lease liability

8,300,000

Singapore 1 Data Center

Lessee, Lease, Description [Line Items]

Finance lease renewal term

3 years

Number of renewal options | renewal_option

5

Finance lease, renewal term

3 years

Finance lease term

18 years

Right-of-use asset, finance lease

71,400,000

$ 99.5

Lease liability, finance lease

71,400,000

99.5

Operating lease de-recognized

8,100,000

11.4

Operating lease, right-of-use asset de-recognized

$ 8,100,000

$ 11.4

Abu Dhabi 1 Data Center

Lessee, Lease, Description [Line Items]

Finance lease renewal term

3 years

3 years

3 years

Finance lease term

10 years

10 years

10 years

Right-of-use asset, finance lease

$ 71,300,000

د.إ 261.9

Lease liability, finance lease

$ 71,300,000

د.إ 261.9

Number of finance leases | lease

2

2

2

Singapore Office

Lessee, Lease, Description [Line Items]

Finance lease, renewal term

3 years

Operating lease term of contract

7 years

Number of operating lease renewal terms | renewal_option

2

Operating lease right-of-use assets

47,100,000

47,100,000

$ 64.2

Operating lease liability

$ 47,100,000

$ 47,100,000

$ 64.2

Concluded operating lease term with likely to be exercised renewal

7 years

Seoul 1 Data Center

Lessee, Lease, Description [Line Items]

Finance lease renewal term

5 years

5 years

5 years

5 years

Number of renewal options | renewal_option

3

3

3

3

Finance lease term

4 years

4 years

4 years

4 years

Right-of-use asset, finance lease

$ 27,200,000

$ 27,200,000

₩ 31,777,000,000

Lease liability, finance lease

$ 26,000,000

$ 26,000,000

₩ 30,386,000,000

Number of renewal options likely to be exercised | renewal_option

1

1

1

1

Concluded lease term with likely to be exercised renewal

9 years

Minimum

Lessee, Lease, Description [Line Items]

Lease not yet commenced, term

10 years

Maximum

Lessee, Lease, Description [Line Items]

Lease not yet commenced, term

49 years

Leases - Lease Expenses (Detail

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Finance lease cost
Amortization of right-of-use assets	$ 31,900	$ 21,313	$ 85,962	$ 61,210
Interest on lease liabilities	28,443	28,039	84,706	82,673
Total finance lease cost	60,343	49,352	170,668	143,883
Operating lease cost	55,135	57,946	161,482	164,505
Total lease cost	$ 115,478	$ 107,298	$ 332,150	$ 308,388

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Accumulated amortization, finance lease, right-of-use asset	$ 564,800		$ 474,800
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	81,827	$ 79,140
Operating cash flows from operating leases	154,262	157,106
Financing cash flows from finance leases	74,446	62,785
Right-of-use assets obtained in exchange for lease obligations
Finance leases	357,137	196,725
Operating leases	$ 65,906	$ 143,144
Weighted-average remaining lease term - finance leases	14 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	$ 1,551,396		$ 1,277,614

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Operating Leases
2020 (3 months remaining)	$ 38,827
2021	199,311
2022	195,390
2023	179,643
2024	167,778
Thereafter	1,143,207
Total lease payments	1,924,156
Plus amount representing residual property value	0
Less imputed interest	(500,797)
Total	1,423,359
Finance Leases
2020 (3 months remaining)	50,507
2021	208,147
2022	208,088
2023	202,661
2024	200,213
Thereafter	2,021,849
Total lease payments	2,891,465
Plus amount representing residual property value	17,335
Less imputed interest	(1,114,919)
Total	1,793,881
Total
2020 (3 months remaining)	89,334
2021	407,458
2022	403,478
2023	382,304
2024	367,991
Thereafter	3,165,056
Total lease payments	4,815,621
Plus amount representing residual property value	17,335
Less imputed interest	(1,615,716)
Total	$ 3,217,240

Debt Facilities - Mortgage and

Debt Facilities - Mortgage and Loans Payable (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long term debt, gross	$ 1,321,864	$ 1,370,118
Less the amount representing debt discount and debt issuance cost	(3,601)	(4,849)
Loans payable current and non current	1,320,050	1,367,037
Less current portion	(78,273)	(77,603)
Loans payable, noncurrent	1,241,777	1,289,434
Term loans
Debt Instrument [Line Items]
Long term debt, gross	1,243,882	1,287,151
Mortgage payable and other loans payable
Debt Instrument [Line Items]
Long term debt, gross	77,982	82,967
Mortgage
Debt Instrument [Line Items]
Add amount representing unamortized mortgage premium	$ 1,787	$ 1,768

Debt Facilities - Additional In

Debt Facilities - Additional Information (Details) € in Millions	Jul. 08, 2020USD ($)	Jul. 08, 2020EUR (€)	Apr. 15, 2020USD ($)	Apr. 15, 2020EUR (€)	Jan. 02, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)letter_of_credit	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)letter_of_credit	Sep. 30, 2019USD ($)	Jun. 22, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 12, 2017USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment							$ 93,494,000	$ (315,000)	$ 101,803,000	$ 67,000
Amount of debt discounts and debt issuance costs							3,601,000		3,601,000			$ 4,849,000
Interest paid, net of capitalized interest							$ 108,100,000	$ 144,800,000	$ 346,700,000	$ 388,500,000
Line of Credit
Debt Instrument [Line Items]
Borrowing capacity													$ 3,000,000,000
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
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%		1.25%		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%		1.80%		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%		2.15%		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%		3.00%		3.00%
Aggregate principal debt amount issued											$ 500,000,000
Amount of debt discounts and debt issuance costs											$ 14,200,000
Senior Notes | 2.875% Euro Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate (percent)							2.875%		2.875%		2.875%
Redemption of senior debt | €		€ 750
Senior Notes | 5.875% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate (percent)							5.875%		5.875%		5.875%
Redemption of senior debt	$ 1,100,000,000
Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Borrowing capacity							$ 250,000,000		$ 250,000,000
Numbers of letters of credit outstanding | letter_of_credit							35		35
Letters of credit outstanding, amount							$ 74,100,000		$ 74,100,000
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 | Delayed Draw Facility
Debt Instrument [Line Items]
Aggregate principal amount			250,000,000
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			$ 109,800,000	€ 100

Debt Facilities - Senior Notes

Debt Facilities - Senior Notes (Details) $ in Thousands	Sep. 30, 2020USD ($)	Sep. 30, 2020EUR (€)	Jun. 22, 2020	Jan. 02, 2020	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Long term debt, gross	$ 1,321,864				$ 1,370,118
Total long term debt	10,618,451
Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	9,294,800				9,029,211
Less amount representing unamortized debt issuance cost	(90,441)				(78,030)
Add amount representing unamortized debt premium	370				1,716
Total long term debt	9,204,729				8,952,897
Less current portion	(2,043,994)				(643,224)
Total	7,160,735				8,309,673
Senior Notes | 5.000% Infomart Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	$ 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				$ 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
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	$ 0				$ 841,500
Effective interest rate	0.00%	0.00%			3.08%
Interest rate (percent)	2.875%	2.875%	2.875%
Senior Notes | 1.250% Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000				$ 0
Effective interest rate	1.46%	1.46%			0.00%
Interest rate (percent)	1.25%	1.25%	1.25%
Senior Notes | 2.875% Euro Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 1,172,400				$ 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
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	$ 0				$ 1,100,000
Effective interest rate	0.00%	0.00%			6.03%
Interest rate (percent)	5.875%	5.875%	5.875%
Senior Notes | 2.875% Euro Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 1,172,400	€ 1,000,000,000			$ 1,122,000
Effective interest rate	3.04%	3.04%			3.04%
Interest rate (percent)	2.875%	2.875%
Senior Notes | 1.800% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000				$ 0
Effective interest rate	1.96%	1.96%			0.00%
Interest rate (percent)	1.80%	1.80%	1.80%
Senior Notes | 5.375% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 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
Effective interest rate	3.30%	3.30%			3.30%
Interest rate (percent)	3.20%	3.20%
Senior Notes | 2.150% Senior Notes due 2030
Debt Instrument [Line Items]
Long term debt, gross	$ 1,100,000				$ 0
Effective interest rate	2.27%	2.27%			0.00%
Interest rate (percent)	2.15%	2.15%	2.15%
Senior Notes | 3.000% Senior Notes due 2050
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000				$ 0
Effective interest rate	3.09%	3.09%			0.00%
Interest rate (percent)	3.00%	3.00%	3.00%

Debt Facilities - Summary of Ma

Debt Facilities - Summary of Maturities of Debt Instruments (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2020 (3 months remaining)	$ 1,928,414
2021	228,201
2021	1,189,716
2022	6,656
2023	1,006,165
Thereafter	6,259,299
Total long term debt	$ 10,618,451

Debt Facilities - Fair Value of

Debt Facilities - Fair Value of Debt Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Mortgage and loans payable	$ 1,330,510	$ 1,378,429
Senior notes	$ 9,721,217	$ 9,339,497

Debt Facilities - Interest Char

Debt Facilities - Interest Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Debt Disclosure [Abstract]
Interest expense	$ 99,736	$ 118,674	$ 315,554	$ 362,067
Interest capitalized	7,091	8,424	20,002	24,188
Interest charges incurred	$ 106,827	$ 127,098	$ 335,556	$ 386,255

Commitments and Contingencies (

Commitments and Contingencies (Detail) - Sep. 30, 2020 € in Millions, £ in Millions, $ in Millions	USD ($)	EUR (€)	GBP (£)
Capital expenditures
Other Commitments [Line Items]
Purchase commitments	$ 1,100
Miscellaneous purchase commitments
Other Commitments [Line Items]
Purchase commitments	1,200
Equity Contribution Commitment | Joint Venture | Equity Contribution Commitment | Equinix, Inc.
Other Commitments [Line Items]
Other commitment	$ 24	€ 10.9	£ 8.7

Stockholders' Equity - Rollforw

Stockholders' Equity - Rollforward (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended						9 Months Ended
	May 31, 2020	Mar. 31, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)					(85,308,386)				(85,308,386)
Beginning balance			$ 10,388,258	$ 8,669,294	$ 8,840,382	$ 8,749,229	$ 8,424,788	$ 7,219,279	$ 8,840,382	$ 7,219,279
Net income			66,831	133,350	118,957	120,811	143,852	117,747	$ 319,138	382,410
Other comprehensive loss			38,520	66,380	(272,067)	(81,821)	(16,092)	3,344
Issuance of common stock and release of treasury stock for employee equity awards			31,728		30,390	24,425		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			(236,538)	(235,334)	(227,387)	(209,226)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(194)	(44)	(294)	(218)	(21)	(103)
Accrued dividends on unvested equity awards			(3,764)	(4,136)	(3,268)	(2,993)	(2,972)	(2,395)
Stock-based compensation, net of estimated forfeitures			$ 74,648	75,642	81,690	61,403	59,502	50,795
Ending balance (in shares)			(89,101,716)						(89,101,716)
Ending balance		8,424,788	$ 10,555,966	$ 10,388,258	$ 8,669,294	$ 8,761,031	$ 8,749,229	$ 8,424,788	$ 10,555,966	8,761,031
Common Stock, Dividends, Per Share, Cash Paid			$ 2.66	$ 2.66	$ 2.66	$ 2.46	$ 2.46	$ 2.46
Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 10,388,280	$ 8,669,364	$ 8,840,606	$ 8,749,242	$ 8,425,112	$ 7,219,279	8,840,606	7,219,279
Net income			66,687	133,304	118,792	120,850	143,527	118,078
Other comprehensive loss			38,490	66,378	(272,056)	(81,793)	(16,078)	3,337
Issuance of common stock and release of treasury stock for employee equity awards			31,728		30,390	24,425		27,593
Dividend distribution on common stock			(236,538)	(235,334)	(227,387)	(209,226)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(194)	(44)	(294)	(218)	(21)	(103)
Accrued dividends on unvested equity awards			(3,764)	(4,136)	(3,268)	(2,993)	(2,972)	(2,395)
Stock-based compensation, net of estimated forfeitures			74,648	75,642	81,690	61,403	59,502	50,795
Ending balance		$ 8,425,112	$ 10,555,814	$ 10,388,280	$ 8,669,364	$ 8,761,111	$ 8,749,242	$ 8,425,112	$ 10,555,814	$ 8,761,111
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			(88,890,679)	(86,269,033)	(85,700,953)	(85,213,952)	(84,465,156)	(81,119,117)	(85,700,953)	(81,119,117)
Beginning balance			$ 89	$ 86	$ 86	$ 85	$ 84	$ 81	$ 86	$ 81
Issuance of common stock and release of treasury stock for employee equity awards (in shares)			287,635	34,146	405,550	276,497	26,435	360,464
Issuance of common stock and release of treasury stock for employee equity awards						$ 1
Ending balance (in shares)		(84,465,156)	(89,431,296)	(88,890,679)	(86,269,033)	(85,671,643)	(85,213,952)	(84,465,156)	(89,431,296)	(85,671,643)
Ending balance		$ 84	$ 89	$ 89	$ 86	$ 86	$ 85	$ 84	$ 89	$ 86
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			(341,285)	(341,973)	(392,567)	(394,794)	(395,153)	(396,859)	(392,567)	(396,859)
Beginning balance			$ (127,042)	$ (127,298)	$ (144,256)	$ (144,725)	$ (144,801)	$ (145,161)	$ (144,256)	$ (145,161)
Issuance of common stock and release of treasury stock for employee equity awards (in shares)			11,705	688	50,594	2,010	359	1,706
Issuance of common stock and release of treasury stock for employee equity awards			$ 4,356	$ 256	$ 16,958	$ 424	$ 76	$ 360
Ending balance (in shares)		(395,153)	(329,580)	(341,285)	(341,973)	(392,784)	(394,794)	(395,153)	(329,580)	(392,784)
Ending balance		$ (144,801)	$ (122,686)	$ (127,042)	$ (127,298)	$ (144,301)	$ (144,725)	$ (144,801)	$ (122,686)	$ (144,301)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			14,651,944	12,893,455	12,696,433	12,450,614	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			27,372	(256)	13,432	24,000	(76)	27,233
Settlement of accrued dividends on vested equity awards			(81)	0	109	12	12	284
Stock-based compensation, net of estimated forfeitures			74,648	75,642	81,690	61,403	59,502	50,795
Ending balance		12,043,056	14,950,522	14,651,944	12,893,455	12,635,450	12,450,614	12,043,056	14,950,522	12,635,450
Accumulated Dividends
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(4,639,041)	(4,399,527)	(4,168,469)	(3,743,869)	(3,532,915)	(3,331,200)	(4,168,469)	(3,331,200)
Dividend distribution on common stock			(236,538)	(235,334)	(227,387)	(209,226)	(207,949)	(198,933)
Settlement of accrued dividends on vested equity awards			(275)	(44)	(403)	(230)	(33)	(387)
Accrued dividends on unvested equity awards			(3,764)	(4,136)	(3,268)	(2,993)	(2,972)	(2,395)
Ending balance		(3,532,915)	(4,879,618)	(4,639,041)	(4,399,527)	(3,956,318)	(3,743,869)	(3,532,915)	(4,879,618)	(3,956,318)
AOCI (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(1,140,291)	(1,206,669)	(934,613)	(958,443)	(942,365)	(945,702)	(934,613)	(945,702)
Other comprehensive loss			38,490	66,378	(272,056)	(81,793)	(16,078)	3,337	(167,188)
Ending balance		(942,365)	(1,101,801)	(1,140,291)	(1,206,669)	(1,040,236)	(958,443)	(942,365)	(1,101,801)	(1,040,236)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			1,642,621	1,509,317	1,391,425	1,145,580	1,002,053	889,948	1,391,425	889,948
Net income			66,687	133,304	118,792	120,850	143,527	118,078
Ending balance		1,002,053	1,709,308	1,642,621	1,509,317	1,266,430	1,145,580	1,002,053	1,709,308	1,266,430
Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			(22)	(70)	(224)	(13)	(324)	0	(224)	0
Net income			144	46	165	(39)	325	(331)
Other comprehensive loss			30	2	(11)	(28)	(14)	7
Ending balance		$ (324)	$ 152	(22)	(70)	$ (80)	(13)	(324)	152	(80)
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)			252,982			181,194			415,512	903,555
Issuance of common stock			$ 196,477		101,791	$ 99,400	348,121		$ 298,300	$ 447,500
ATM Program | Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			$ 196,477		$ 101,791	$ 99,421	$ 348,121
ATM Program | Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			252,982		162,530	181,194	722,361
Issuance of common stock							$ 1
ATM Program | Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			$ 196,477		$ 101,791	$ 99,421	$ 348,120

Stockholders' Equity - Rollfo_2

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

Stockholders' Equity - Componen

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 10,388,258	$ 8,669,294	$ 8,840,382	$ 8,749,229	$ 8,424,788	$ 7,219,279	$ 8,840,382
Net Change	38,520	66,380	(272,067)	(81,821)	(16,092)	3,344
Ending balance	10,555,966	10,388,258	8,669,294	8,761,031	8,749,229	8,424,788	10,555,966
Accumulated other comprehensive loss attributable to Equinix
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,140,291)	(1,206,669)	(934,613)	(958,443)	(942,365)	(945,702)	(934,613)
Net Change	38,490	66,378	(272,056)	(81,793)	(16,078)	3,337	(167,188)
Ending balance	(1,101,801)	$ (1,140,291)	(1,206,669)	$ (1,040,236)	$ (958,443)	$ (942,365)	(1,101,801)
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							66,914
Ending balance	(990,004)						(990,004)
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							(54,966)
Ending balance	(39,328)						(39,328)
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							(179,213)
Ending balance	(71,594)						(71,594)
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							77
Ending balance	$ (875)						$ (875)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Detail) - USD ($)	1 Months Ended		3 Months Ended				9 Months Ended
	May 31, 2020	Mar. 31, 2019	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 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)							709,450
Weighted-average grant date fair value (in dollars per share)							$ 593.74
Service period (in years)							3 years 3 months 18 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)			252,982		181,194		415,512	903,555
Issuance of common stock in public offering of common stock			$ 196,477,000	$ 101,791,000	$ 99,400,000	$ 348,121,000	$ 298,300,000	$ 447,500,000
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 75,248	$ 63,871	$ 231,658	$ 174,413
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	7,856	7,104	24,854	18,616
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	17,630	15,794	54,390	44,252
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 49,762	$ 40,973	$ 152,414	$ 111,545

Segment Information - Narrative

Segment Information - Narrative (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from External Customer [Line Items]
Revenues	$ 1,519,767	$ 1,396,810	$ 4,434,430	$ 4,145,005
Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	1,432,072	1,319,336	4,191,904	3,900,209
Colocation
Revenue from External Customer [Line Items]
Revenues	1,078,565	1,013,101	3,170,387	2,999,487
Interconnection
Revenue from External Customer [Line Items]
Revenues	260,942	226,770	752,514	658,585
Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	82,258	74,286	239,799	220,853
Service, Other
Revenue from External Customer [Line Items]
Revenues	10,307	5,179	29,204	21,284
Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	87,695	77,474	242,526	244,796
Americas
Revenue from External Customer [Line Items]
Revenues	672,332	645,275	1,995,656	1,934,061
Americas | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	639,572	615,282	1,907,059	1,836,398
Americas | Colocation
Revenue from External Customer [Line Items]
Revenues	450,030	441,596	1,348,482	1,325,663
Americas | Interconnection
Revenue from External Customer [Line Items]
Revenues	156,677	146,212	460,993	427,235
Americas | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	28,954	24,082	83,372	68,777
Americas | Service, Other
Revenue from External Customer [Line Items]
Revenues	3,911	3,392	14,212	14,723
Americas | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	32,760	29,993	88,597	97,663
EMEA
Revenue from External Customer [Line Items]
Revenues	518,083	458,140	1,485,082	1,342,655
EMEA | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	483,744	427,702	1,394,408	1,245,020
EMEA | Colocation
Revenue from External Customer [Line Items]
Revenues	391,773	357,201	1,135,247	1,036,121
EMEA | Interconnection
Revenue from External Customer [Line Items]
Revenues	55,700	41,063	155,145	117,202
EMEA | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	30,690	27,651	89,839	85,136
EMEA | Service, Other
Revenue from External Customer [Line Items]
Revenues	5,581	1,787	14,177	6,561
EMEA | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	34,339	30,438	90,674	97,635
Asia-Pacific
Revenue from External Customer [Line Items]
Revenues	329,352	293,395	953,692	868,289
Asia-Pacific | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	308,756	276,352	890,437	818,791
Asia-Pacific | Colocation
Revenue from External Customer [Line Items]
Revenues	236,762	214,304	686,658	637,703
Asia-Pacific | Interconnection
Revenue from External Customer [Line Items]
Revenues	48,565	39,495	136,376	114,148
Asia-Pacific | Managed infrastructure services
Revenue from External Customer [Line Items]
Revenues	22,614	22,553	66,588	66,940
Asia-Pacific | Service, Other
Revenue from External Customer [Line Items]
Revenues	815	0	815	0
Asia-Pacific | Non-Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	$ 20,596	$ 17,043	$ 63,255	$ 49,498

Segment Information - Schedule

Segment Information - Schedule of Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 737,245	$ 674,702	$ 2,141,496	$ 2,011,867
Depreciation, amortization and accretion expense	(362,286)	(321,746)	(1,048,151)	(957,001)
Stock-based compensation expense	(75,248)	(63,871)	(231,658)	(174,413)
Impairment charges	(7,306)	(1,189)	(7,306)	(16,023)
Transaction costs	(5,840)	(2,991)	(30,987)	(8,236)
Gain on asset sales	1,785	463	928	463
Income from operations	288,350	285,368	824,322	856,657
Americas
Segment Reporting Information [Line Items]
Total adjusted EBITDA	290,550	306,656	886,270	923,546
EMEA
Segment Reporting Information [Line Items]
Total adjusted EBITDA	263,216	212,518	736,971	621,235
Asia-Pacific
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 183,479	$ 155,528	$ 518,255	$ 467,086

Segment Information - Segment D

Segment Information - Segment Disclosures (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 360,688	$ 321,891	$ 1,045,150	$ 954,293
Capital expenditures	565,285	556,822	1,448,174	1,364,960
Americas
Segment Reporting Information [Line Items]
Total depreciation and amortization	182,537	168,999	534,545	503,013
Capital expenditures	237,737	203,281	604,051	521,399
EMEA
Segment Reporting Information [Line Items]
Total depreciation and amortization	100,861	86,607	286,247	258,752
Capital expenditures	249,310	171,293	568,702	506,499
Asia-Pacific
Segment Reporting Information [Line Items]
Total depreciation and amortization	77,290	66,285	224,358	192,528
Capital expenditures	$ 78,238	$ 182,248	$ 275,421	$ 337,062

Segment Information - Long-Live

Segment Information - Long-Lived Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	$ 13,110,554	$ 12,152,597
Operating lease right-of-use assets	1,436,337	1,475,367
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	5,717,181	5,400,287
Operating lease right-of-use assets	356,465	387,598
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	4,566,129	4,051,701
Operating lease right-of-use assets	511,294	521,129
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	2,827,244	2,700,609
Operating lease right-of-use assets	$ 568,578	$ 566,640

Subsequent Events (Detail)

Subsequent Events (Detail)

Oct. 28, 2020$ / shares

Oct. 23, 2020USD ($)

Oct. 23, 2020EUR (€)

Jul. 08, 2020USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2019USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2019USD ($)

Dec. 31, 2020data_center

Oct. 30, 2020USD ($)

Oct. 07, 2020USD ($)

Oct. 01, 2020data_center

Sep. 30, 2020EUR (€)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Subsequent Event [Line Items]

Loss on debt extinguishment

$ 93,494,000

$ (315,000)

$ 101,803,000

$ 67,000

Amount of debt discounts and debt issuance costs

3,601,000

3,601,000

$ 4,849,000

Long term debt, gross

1,321,864,000

1,321,864,000

1,370,118,000

ATM Program

Subsequent Event [Line Items]

Sale of stock, equity offering agreement, authorized

$ 750,000,000

Subsequent Event

Subsequent Event [Line Items]

Cash dividends declared (in dollars per share) | $ / shares

$ 2.66

Subsequent Event | ATM Program

Subsequent Event [Line Items]

Sale of stock, equity offering agreement, authorized

$ 1,500,000,000

Subsequent Event | Bell Acquisition

Subsequent Event [Line Items]

Data centers purchased | data_center

1

12

Senior Notes

Subsequent Event [Line Items]

Loss on debt extinguishment

$ 93,500,000

Amount representing redemption premium

77,800,000

Write off of unamortized debt issuance

$ 15,700,000

Long term debt, gross

$ 9,294,800,000

$ 9,294,800,000

9,029,211,000

Senior Notes | 1.000% Senior Notes due 2025 | Subsequent Event

Subsequent Event [Line Items]

Interest rate (percent)

1.00%

Amount of debt discounts and debt issuance costs

$ 5,500,000

Aggregate principal debt amount issued

$ 700,000,000

Senior Notes | 1.550% Senior Notes due 2028 | Subsequent Event

Subsequent Event [Line Items]

Interest rate (percent)

1.55%

Amount of debt discounts and debt issuance costs

$ 5,200,000

Aggregate principal debt amount issued

$ 650,000,000

Senior Notes | 2.950% Senior Notes due 2051 | Subsequent Event

Subsequent Event [Line Items]

Interest rate (percent)

2.95%

Amount of debt discounts and debt issuance costs

$ 5,300,000

Aggregate principal debt amount issued

$ 500,000,000

Senior Notes | 2.875% Euro Senior Notes due 2025

Subsequent Event [Line Items]

Interest rate (percent)

2.875%

2.875%

2.875%

Senior Notes | 2.875% Euro Senior Notes due 2025 | Subsequent Event

Subsequent Event [Line Items]

Redemption of senior debt | €

€ 1,000,000,000

Senior Notes | 2.875% Euro Senior Notes due 2026

Subsequent Event [Line Items]

Interest rate (percent)

2.875%

2.875%

2.875%

Long term debt, gross

$ 1,172,400,000

$ 1,172,400,000

€ 1,000,000,000

$ 1,122,000,000

Senior Notes | 2.875% Euro Senior Notes due 2026 | Subsequent Event

Subsequent Event [Line Items]

Redemption of senior debt | €

€ 500,000,000

Senior Notes | 2.875% Euro Senior Notes due 2025 and 2026 | Subsequent Event

Subsequent Event [Line Items]

Loss on debt extinguishment

$ 44,200,000

Amount representing redemption premium

29,300,000

Write off of unamortized debt issuance

$ 14,900,000

Uncategorized Items - eqix-2020

Label	Element	Value
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	$ 9,668,000
Restricted Cash and Cash Equivalents, Noncurrent	us-gaap_RestrictedCashAndCashEquivalentsNoncurrent	9,745,000
Restricted Cash and Cash Equivalents, Current	us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue	7,988,000
Restricted Cash and Cash Equivalents, Current	us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue	$ 11,375,000