Equinix (EQIX) 10-Q 29 Jul 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 28, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-40205
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
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		91,075,185
Entity Central Index Key	0001101239
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock, $0.001
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.001
Trading Symbol	EQIX
Security Exchange Name	NASDAQ
0.250% Senior Notes due 2027
Document Information [Line Items]
Title of 12(b) Security	0.250% Senior Notes due 2027
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true
1.000% Senior Notes due 2033
Document Information [Line Items]
Title of 12(b) Security	1.000% Senior Notes due 2033
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,891,311	$ 1,536,358
Accounts receivable, net of allowance of $13,914 and $11,635	812,769	681,809
Other current assets	514,313	462,739
Assets held for sale	71,554	276,195
Total current assets	3,289,947	2,957,101
Property, plant and equipment, net	15,455,180	15,445,775
Operating lease right-of-use assets	1,453,233	1,282,418
Goodwill	5,585,330	5,372,071
Intangible assets, net	1,982,434	1,935,267
Other assets	1,272,090	926,066
Total assets	29,038,214	27,918,698
Current liabilities:
Accounts payable and accrued expenses	841,473	879,144
Accrued property, plant and equipment	244,267	187,334
Current portion of operating lease liabilities	140,667	144,029
Current portion of finance lease liabilities	144,100	147,841
Current portion of mortgage and loans payable	34,086	33,087
Other current liabilities	204,351	214,519
Total current liabilities	1,608,944	1,605,954
Operating lease liabilities, less current portion	1,291,447	1,107,180
Finance lease liabilities, less current portion	1,985,498	1,989,668
Mortgage and loans payable, less current portion	655,331	586,577
Senior notes, less current portion	12,077,756	10,984,144
Other liabilities	789,644	763,411
Total liabilities	18,408,620	17,036,934
Commitments and contingencies (Note 11)
Equinix stockholders' equity
Common stock, $0.001 par value per share: 300,000,000 shares authorized; 91,340,481 issued and 91,075,115 outstanding in 2022 and 90,872,826 issued and 90,571,406 outstanding in 2021	91	91
Additional paid-in capital	16,259,311	15,984,597
Treasury stock, at cost; 265,366 shares in 2022 and 301,420 shares in 2021	(98,792)	(112,208)
Accumulated dividends	(6,736,338)	(6,165,140)
Accumulated other comprehensive loss	(1,418,756)	(1,085,751)
Retained earnings	2,624,268	2,260,493
Total Equinix stockholders' equity	10,629,784	10,882,082
Non-controlling interests	(190)	(318)
Total stockholders' equity	10,629,594	10,881,764
Total liabilities and stockholders' equity	$ 29,038,214	$ 27,918,698

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 13,914	$ 11,635
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common sock, shares authorized (shares)	300,000,000	300,000,000
Common stock, shares issued (shares)	91,340,481	90,872,826
Common stock, shares outstanding (shares)	91,075,115	90,571,406
Treasury stock (shares)	265,366	301,420

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 1,817,154	$ 1,657,919	$ 3,551,601	$ 3,253,983
Costs and operating expenses:
Cost of revenues	930,257	865,120	1,846,132	1,676,337
Sales and marketing	193,727	185,610	386,238	368,437
General and administrative	370,348	322,005	723,035	623,461
Transaction costs	5,063	6,985	9,303	8,167
(Gain) loss on asset sales	(94)	(455)	1,724	1,265
Total costs and operating expenses	1,499,301	1,379,265	2,966,432	2,677,667
Income from operations	317,853	278,654	585,169	576,316
Interest income	4,508	374	6,614	1,103
Interest expense	(90,826)	(87,231)	(170,791)	(176,912)
Other expense	(6,238)	(39,377)	(15,787)	(46,327)
Gain (loss) on debt extinguishment	(420)	(102,460)	109	(115,518)
Income before income taxes	224,877	49,960	405,314	238,662
Income tax (expense) benefit	(8,635)	18,527	(41,379)	(14,101)
Net income	216,242	68,487	363,935	224,561
Net (income) loss attributable to non-controlling interests	80	(148)	(160)	140
Net income attributable to Equinix	$ 216,322	$ 68,339	$ 363,775	$ 224,701
Earnings per share ("EPS") attributable to Equinix:
Basic EPS (in dollars per share)	$ 2.38	$ 0.76	$ 4	$ 2.51
Weighted-average shares for basic EPS (in shares)	91,036	89,648	90,904	89,490
Diluted EPS (in dollars per share)	$ 2.37	$ 0.76	$ 3.99	$ 2.50
Weighted-average shares for diluted EPS (in shares)	91,262	90,104	91,213	90,024

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 216,242	$ 68,487	$ 363,935	$ 224,561
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment ("CTA") gain (loss), net of tax effects of $0, $0, $0 and $0	(740,428)	110,466	(862,962)	(184,680)
Net investment hedge CTA gain (loss), net of tax effect of $0, $0, $0 and $0	353,953	(37,036)	445,311	133,139
Unrealized gain (loss) on cash flow hedges, net of tax effects of $(7,291), $(447), $(12,018) and $(8,339)	20,617	(5,700)	84,654	23,778
Net actuarial gain (loss) on defined benefit plans, net of tax effects of $5, $(3), $9 and $(8)	(19)	15	(40)	27
Total other comprehensive income (loss), net of tax	(365,877)	67,745	(333,037)	(27,736)
Comprehensive income, net of tax	(149,635)	136,232	30,898	196,825
Net (income) loss attributable to non-controlling interests	80	(148)	(160)	140
Other comprehensive (income) loss attributable to non-controlling interests	35	(11)	32	(10)
Comprehensive income attributable to Equinix	$ (149,520)	$ 136,073	$ 30,770	$ 196,955

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment ("CTA") gain (loss), net of tax	$ 0	$ 0	$ 0	$ 0
Net investment hedge CTA gain (loss), net of tax	0	0	0	0
Unrealized gain (loss) on cash flow hedges, net of tax	(7,291)	(447)	(12,018)	(8,339)
Net actuarial gain (loss) on defined benefit plans, net of tax	$ 5	$ (3)	$ 9	$ (8)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 363,935	$ 224,561
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	767,166	706,184
Stock-based compensation	194,634	172,685
Amortization of intangible assets	101,444	105,074
Amortization of debt issuance costs and debt discounts and premiums	8,740	8,370
Provision for credit loss allowance	4,198	5,751
Loss on asset sales	1,724	1,265
(Gain) loss on debt extinguishment	(109)	115,518
Other items	8,288	17,545
Changes in operating assets and liabilities:
Accounts receivable	(127,029)	(57,329)
Income taxes, net	(19,782)	(65,935)
Other assets	10,259	(57,280)
Operating lease right-of-use assets	74,239	61,775
Operating lease liabilities	(66,372)	(100,328)
Accounts payable and accrued expenses	(20,852)	(57,201)
Other liabilities	82,221	(90,300)
Net cash provided by operating activities	1,382,704	990,355
Cash flows from investing activities:
Purchases of investments	(87,022)	(25,001)
Sales of investments	22,073	4,057
Business acquisitions, net of cash and restricted cash acquired	(883,668)	0
Real estate acquisitions	(33,331)	(87,637)
Purchases of other property, plant and equipment	(897,348)	(1,255,830)
Proceeds from sale of assets, net of cash transferred	251,415	0
Net cash used in investing activities	(1,627,881)	(1,364,411)
Cash flows from financing activities:
Proceeds from employee equity awards	43,876	40,034
Payment of dividends	(572,717)	(521,092)
Proceeds from public offering of common stock, net of issuance costs	0	99,599
Proceeds from senior notes, net of debt discounts	1,193,688	3,878,662
Proceeds from mortgage and loans payable	676,850	0
Repayments of finance lease liabilities	(69,556)	(98,877)
Repayments of mortgage and loans payable	(561,032)	(696,059)
Repayment of senior notes	0	(1,990,650)
Debt extinguishment costs	0	(99,185)
Debt issuance costs	(17,731)	(25,102)
Net cash provided by financing activities	693,378	587,330
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(96,536)	(17,054)
Net increase in cash, cash equivalents and restricted cash	351,665	196,220
Cash, cash equivalents and restricted cash at beginning of period	1,549,454	1,625,695
Cash, cash equivalents and restricted cash at end of period	1,901,119	1,821,915
Cash and cash equivalents	1,891,311	1,799,727
Current portion of restricted cash included in other current assets	8,943	12,994
Non-current portion of restricted cash included in other assets	865	9,194
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 1,901,119	$ 1,821,915

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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. (collectively with its consolidated subsidiaries referred to as "Equinix," the "Company," "we," "our," or "us") 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. In the preparation of our condensed consolidated financial statements, we have considered potential impacts of the COVID-19 pandemic on our critical and significant accounting estimates. There was no significant impact to our condensed consolidated financial statements. We will continue to evaluate the nature and extent of the potential impacts to our business and our condensed consolidated financial statements. Our condensed consolidated balance sheet data as of December 31, 2021 has been derived from audited consolidated financial statements as of that date. Our 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 our Form 10-K as filed with the SEC on February 18, 2022. 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 acquisitions of: • Two data centers in Mumbai, India from the India operations of GPX Global Systems, Inc. ("GPX India") from September 1, 2021; • Four data centers as well as a subsea cable and terrestrial fiber network in West Africa acquired from MainOne Cable Company ("MainOne") from April 1, 2022; and • Four data centers in Chile acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022. All intercompany accounts and transactions have been eliminated in consolidation. Income Taxes We elected to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with our 2015 taxable year. As a result, we may deduct the dividends paid to our stockholders from taxable income generated by our REIT and qualified REIT subsidiaries ("QRSs"). Our dividends paid deduction generally eliminates the U.S. federal taxable income of our REIT and QRSs, resulting in no U.S. federal income tax due. However, our domestic taxable REIT subsidiaries ("TRSs") are subject to U.S. corporate income taxes on any taxable income generated by them. In addition, our foreign operations are subject to local income taxes regardless of whether the foreign operations are operated as QRSs or TRSs. We accrue 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 our operating performance, tax law changes and future business acquisitions. Our effective tax rates were 10.2% and 5.9% for the six months ended June 30, 2022 and 2021, respectively. The increase in the effective tax rate for the six months ended June 30, 2022 as compared to the same period in 2021 was primarily due to the reversal of uncertain tax positions of approximately $72.0 million in the prior period resulting from the settlement of various tax audits in the EMEA and Asia-Pacific regions. In the current period, we had a favorable resolution from the settlement of tax audits in the EMEA region, resulting in a tax benefit of approximately $41.4 million. Of the unrecognized tax benefits realized in the prior period, approximately $33.6 million was related to the uncertain tax position inherited from the Metronode Acquisition in 2018. The uncertain tax position was covered by an indemnification agreement with the seller. The realization of the unrecognized tax benefits resulted in an impairment of the indemnification asset for the same amount, which was included in Other Income (Expense) on the Condensed Consolidated Statements of Operations. Recent Accounting Pronouncements Accounting Standards Adopted Income Taxes In December 2019, FASB issued ASU 2019-12, Income Taxes ("Topic 740"): Simplifying the Accounting for Income Taxes. 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. On January 1, 2021, we adopted this ASU on a prospective basis and the adoption of this standard did not have an impact on our condensed consolidated financial statements. Debt with Conversion and Other Options In August 2020, FASB issued 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. On January 1, 2022, we adopted this ASU on a prospective basis and the adoption of this standard did not have a material impact on our condensed consolidated financial statements. Business Combinations

Revenue

Revenue	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Contract Balances The following table summarizes the opening and closing balances of our accounts receivable, net; contract assets, current; contract assets, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net (1) Contract assets, current Contract assets, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2022 $ 681,809 $ 65,392 $ 55,486 $ 109,736 $ 87,495 Closing balances as of June 30, 2022 812,769 66,693 61,290 128,461 162,024 Increase $ 130,960 $ 1,301 $ 5,804 $ 18,725 $ 74,529 (1) The net change in our allowance for credit losses was insignificant during the three months ended June 30, 2022. The difference between the opening and closing balances of our accounts receivable, net, contract assets and deferred revenues primarily results from revenue growth, contract assets and liabilities acquired from the MainOne acquisition and the timing difference between the satisfaction of our performance obligation and the customer's payment. The amount of revenue recognized during the six months ended June 30, 2022 from the opening deferred revenue balance as of January 1, 2022 was $51.8 million. Remaining performance obligations As of June 30, 2022, approximately $9.5 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods. Most of our revenue contracts have an initial term varying from one The remaining performance obligations do not include variable consideration related to unsatisfied performance obligations such as the usage of metered power, point-in-time services, 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 we are considered the lessor.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended 2022 2021 2022 2021 Net income $ 216,242 $ 68,487 $ 363,935 $ 224,561 Net (income) loss attributable to non-controlling interests 80 (148) (160) 140 Net income attributable to Equinix $ 216,322 $ 68,339 $ 363,775 $ 224,701 Weighted-average shares used to calculate basic EPS 91,036 89,648 90,904 89,490 Effect of dilutive securities: Employee equity awards 226 456 309 534 Weighted-average shares used to calculate diluted EPS 91,262 90,104 91,213 90,024 EPS attributable to Equinix: Basic EPS $ 2.38 $ 0.76 $ 4.00 $ 2.51 Diluted EPS $ 2.37 $ 0.76 $ 3.99 $ 2.50

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Pending Acquisition Acquisition of Entel Peru Data Center (the "Entel Peru Acquisition") On April 27, 2022, we signed an agreement with Entel to acquire a data center in Peru for a purchase price of PEN270.8 million, or approximately $70.7 million at the exchange rate in effect on that date. The acquisition of the data center in Peru is expected to close in the third quarter of 2022, pending the achievement of certain closing conditions, and will be accounted for as a separate transaction. After close of the acquisition, the operating results of the acquired data center will be reported in the Americas region. The Entel Peru Acquisition further supports our ongoing expansion to meet customer demand in the Latin American market. 2022 Acquisitions Acquisition of Entel Chile Data Centers (the "Entel Chile Acquisition") On May 2, 2022, we further expanded in Latin America through an acquisition of four data centers from Entel, a leading Chilean telecommunications provider, for a total purchase consideration of $638.3 million at the exchange rate in effect on that date. The Entel Chile Acquisition supports our ongoing expansion to meet customer demand in the Latin American market. Acquisition of MainOne (the "MainOne Acquisition") On April 1, 2022, we completed the acquisition of all outstanding shares of MainOne, consisting of four data centers as well as a subsea cable and terrestrial fiber network. We acquired MainOne and its assets for a total purchase consideration of $278.4 million. The MainOne Acquisition supports our desire to meet customer demand in the West African market. 2021 Acquisition Acquisition of GPX India (the "GPX India Acquisition") On September 1, 2021, we completed the acquisition of GPX India, representing two data centers in Mumbai, India, for a total purchase consideration of approximately INR12.5 billion, or $170.5 million at the exchange rate in effect on that date. The GPX India Acquisition supports our desire to meet customer demand in the Indian market. Purchase Price Allocation Each of the acquisitions noted above 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 this method, the total purchase price is allocated to the assets acquired and liabilities assumed measured at fair value on the date of acquisition. As of June 30, 2022, we had not completed the detailed valuation analysis to derive the fair value of assets acquired and liabilities assumed from the Entel Chile Acquisition and MainOne 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. A summary of the allocation of total purchase consideration is presented as follows (in thousands): GPX India Entel Chile MainOne Final Provisional Cash and cash equivalents $ 9,406 $ — $ 33,026 Accounts receivable 4,399 — 9,431 Other current assets 8,883 12,424 22,634 Property, plant and equipment 88,130 81,132 237,988 Operating lease right-of-use assets 62 — — Intangible assets 15,408 153,489 54,800 Goodwill 77,145 380,867 117,529 Deferred tax and other assets 20 12,090 4,060 Total assets acquired 203,453 640,002 479,468 Accounts payable and accrued liabilities (1,566) (195) (19,790) Other current liabilities (1) (478) — (13,061) Operating lease liabilities (62) — — Finance lease liabilities (20,565) — — Mortgage and loans payable — — (25,944) Deferred tax and other liabilities (1) (10,317) (1,463) (142,323) Net assets acquired $ 170,465 $ 638,344 $ 278,350 (1) For the MainOne Acquisition, other current liabilities includes $9.9 million of deferred revenue - current and the other liabilities includes $95.4 million of deferred revenue - non-current. Property, plant and equipment - The fair values of property, plant and equipment acquired from these three acquisitions were estimated by applying the cost approach, with the exception of land, which we 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. 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) Discount Rate GPX India: Customer relationships (1) $ 15,408 15.0 15.0 11.0 % Entel Chile: Customer relationships (1) 153,489 12.0 - 15.0 14.0 8.5% - 9.5% MainOne: Customer relationships (1) 51,500 10.0 - 15.0 14.0 11.5 % Trade names (2) 3,300 5.0 5.0 11.5 % (1) The fair value was estimated by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue. The rates reflect 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. (2) The fair value of the MainOne trade name was estimated using the relief from royalty method under the income approach. We applied a relief from royalty rate of 1.0%. Goodwill 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 acquisition. Goodwill from the GPX India Acquisition is attributable to the Asia-Pacific region and is not deductible for local tax purposes. Goodwill from the Entel Chile Acquisition is attributable to the Americas region and is not expected to be amortizable for local tax purposes. Goodwill from the MainOne Acquisition is attributable to the EMEA region and is not deductible for local tax purposes except for the portion attributable to Ghana. Revenues and net income and loss from operations The operating results of the Entel Chile Acquisition are reported in the Americas region and the operating results of the MainOne Acquisition are reported in the EMEA region following the date of acquisition. During the three and six months ended June 30, 2022, our revenues were $27.0 million and our net income was insignificant from these acquisitions. Transaction costs During the three and six months ended June 30, 2022, the transaction costs for the MainOne Acquisition and Entel Chile Acquisition were insignificant.

Assets Held for Sale

Assets Held for Sale	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale In June 2021, we entered into an agreement to form another joint venture in the form of a limited liability partnership with GIC Private Limited, Singapore's sovereign wealth fund ("GIC"), to develop and operate additional xScale data centers in Europe and the Americas (the “EMEA 2 Joint Venture”). The transaction is structured to close in phases over the course of two years, pending regulatory approval and other closing conditions. The assets and liabilities of the Warsaw 4 ("WA4") data center site, which were included within our EMEA region, were classified as held for sale as of June 30, 2021. In June 2022, we sold the WA4 data center in exchange for a total consideration of $61.5 million. During the three months ended June 30, 2022, we recognized an insignificant gain on the sale of the WA4 data center. In October 2021, we entered into an agreement to form a joint venture in the form of a limited liability partnership with PGIM Real Estate ("PGIM"), to develop and operate xScale TM data centers in Asia-Pacific (the "Asia-Pacific 2 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 our comprehensive suite of interconnection and edge services. The assets and liabilities of the Sydney 9 ("SY9") data center site, which were included within our Asia-Pacific region, were classified as held for sale as of September 30, 2021. Upon closing the joint venture in March 2022, we sold the SY9 data center in exchange for a total consideration of $201.3 million, which is comprised of $165.6 million of net cash proceeds, a 20% partnership interest in the Asia-Pacific 2 Joint Venture with a fair value of $29.8 million, and $5.9 million of receivables. During the three months ended March 31, 2022, we recognized an insignificant loss on the sale of the SY9 data center. In March 2022, we entered into an agreement to sell the Mexico 3 ("MX3") data center site in connection with the formation of a new joint venture with GIC (the "AMER 1 Joint Venture") to develop and operate xScale data centers in the Americas. Given that the key terms of the sale had been substantially agreed upon as of September 30, 2021, the assets and liabilities of the MX3 data center, which are currently included within our Americas region, were classified as held for sale as of September 30, 2021 and remained held for sale as of June 30, 2022. All assets and liabilities classified as held for sale are reported at the lower of their carrying amounts or fair values less costs to sell. 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 June 30, 2022 (in thousands): June 30, Operating lease right-of-use assets $ 1,976 Property, plant and equipment 66,440 Other assets 3,138 Total assets held for sale $ 71,554 Accounts payable and accrued expenses $ 290 Current portion of operating lease liabilities 1,353 Accrued property, plant and equipment 5,877 Total liabilities held for sale (1) $ 7,520 (1) Liabilities held for sale were included within other current liabilities on the condensed consolidated balance sheet.

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments We hold various equity method investments, primarily joint venture or partnership arrangements, in order to invest in certain entities that are in line with our business development objectives, including the development and operation of xScale data centers. Some of these xScale joint ventures are classified as Variable Interest Entities ("VIEs"), as discussed further below. The Asia-Pacific 1, Asia-Pacific 2, Asia-Pacific 3 and EMEA 2 Joint Ventures (the "VIE Joint Ventures") share a similar purpose, design and nature of assets. The following table summarizes our equity method investments (in thousands), which were included in other assets on the condensed consolidated balance sheets: Investee Ownership Percentage June 30, 2022 December 31, 2021 EMEA 1 Joint Venture with GIC 20% $ 127,008 $ 131,516 VIE Joint Ventures 20% 156,307 95,052 Other Various 18,634 18,481 Total $ 301,949 $ 245,049 Non - VIE Joint Venture EMEA 1 Joint Venture In 2019, we entered into a joint venture in the form of a limited liability partnership with GIC (the "EMEA 1 Joint Venture"), to develop and operate xScale data centers in Europe. The EMEA 1 Joint Venture is not a VIE given that both equity investors' interests have the characteristics of a controlling financial interest and it is sufficiently capitalized to sustain its operations, requiring additional funding from its partners only when expanding operations. Our share of income and losses of equity method investments from this joint venture was insignificant for the three and six months ended June 30, 2022 and 2021 and was included in other income (expense) on the condensed consolidated statement of operations. We committed to make future equity contributions to the EMEA 1 Joint Venture for funding its future development. As of June 30, 2022, we had future equity contribution commitments of $33.0 million. VIE Joint Ventures In 2020, we entered into a joint venture in the form of a limited liability partnership with GIC (the "Asia-Pacific 1 Joint Venture") to develop and operate xScale data centers in Asia-Pacific. In 2021, we entered into the EMEA 2 Joint Venture with GIC to develop and operate additional xScale data centers in Europe and the Americas (see Note 5 above). On March 11, 2022, we entered into the Asia-Pacific 2 Joint Venture with PGIM to develop and operate additional xScale data centers in Asia-Pacific (see Note 5 above). On April 6, 2022, we entered into a joint venture in the form of a limited liability partnership with GIC (the "Asia-Pacific 3 Joint Venture") to develop and operate additional xScale data centers in Seoul, Korea. Upon closing, we contributed $17.0 million in exchange for a 20% partnership interest in the joint venture. The VIE Joint Ventures are considered VIEs because they do not have sufficient funds from operations to be self-sustaining. While we provide certain management services to their operations and earn fees for the performance of such services, the power to direct the activities of these joint ventures that most significantly impact economic performance is shared equally between us and either GIC or PGIM, as applicable. These activities include data center construction and operations, sales and marketing, financing, and real estate purchases or sales. Decisions about these activities require the consent of both Equinix and either GIC or PGIM, as applicable. We concluded that neither party is deemed to have predominant control over the VIE Joint Ventures and neither party is considered to be the primary beneficiary. During the three and six months ended June 30, 2022, our share of income and losses of equity method investments from these joint ventures was insignificant both individually and in aggregate, and was included in other income (expense) on the condensed consolidated statement of operations. The following table summarizes our maximum exposure to loss related to the VIE Joint Ventures as of June 30, 2022 (in thousands): VIE Joint Ventures Equity Investment $ 156,307 Outstanding Receivables 16,204 Future Equity Contribution Commitments (1) 71,357 Maximum Future Payments under Debt Guarantees (2) 55,433 Total $ 299,301 (1) The joint ventures' partners are required to make additional equity contributions proportionately upon certain occurrences, such as a shortfall in capital necessary to complete certain construction phases or make interest payments on their outstanding debt. (2) In connection with our 20% equity investment in the EMEA 2 Joint Venture, we provided the lenders with our guarantees covering 20% of all payments of principal and interest due under EMEA 2 Joint Venture's credit facility agreements (see Note 11). Other Related Party Transactions We have lease arrangements and provide various services to the EMEA 1 Joint Venture and the VIE Joint Ventures (the "Joint Ventures") through multiple agreements, including sales and marketing, development management, facilities management, and asset management. These transactions are generally considered to have been negotiated at arm's length. The following table presents the revenues and expenses from these arrangements with the Joint Ventures in our condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended Related Party Nature of Transaction 2022 2021 2022 2021 EMEA 1 Joint Venture Revenues $ 18,880 $ 13,230 $ 25,182 $ 18,849 EMEA 1 Joint Venture Expenses (1) (916) 2,101 3,412 4,604 VIE Joint Ventures Revenues 13,185 12,187 20,187 14,445 (1) We have a sub-lease agreement with the EMEA 1 Joint Venture to sub-lease a portion of London ("LD") 10-2 data center or former LD10 data center, for a total of 15 years. Balances primarily consist of rent expenses for the LD10-2 data center. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our condensed consolidated balance sheets (in thousands): Related Party Balance Sheet Line Item June 30, 2022 December 31, 2021 EMEA 1 Joint Venture Receivables $ 33,399 $ 32,077 Contract Assets (1) 55,795 54,503 Finance Lease Right of Use Assets 104,842 118,817 Other Liabilities and Payables 2,277 2,483 Other Liabilities and Payables - construction obligation (2) 35,936 39,382 Deferred Revenue 15,563 16,886 Finance Lease Right of Use Liabilities 110,829 124,918 VIE Joint Ventures Receivables 16,204 29,077 Contract Assets 5,050 1,492 Payables — 1,876 (1) A portion of the contract asset balance relates to commitments to complete a residual portion of the Paris 9 data center sold to the EMEA 1 Joint Venture, which is reimbursable in full upon completion. (2) The balance primarily relates to the obligation to pay for future construction for certain sites sold as a part of the EMEA 1 Joint Venture transaction. We received contingent consideration from separate sales of xScale data centers to the EMEA 1 Joint Venture, which become receivable upon completion of certain performance milestones, primarily contingent on the local regulatory approvals for certain sites. The contingent consideration are considered derivatives and are remeasured at fair value each reporting period using inputs such as probabilities of payment, discount rates, foreign currency forward rates and projected payment dates. The fair value measurements were based on significant inputs that are not observable in the market and thus represent Level 3 measurements. As of June 30, 2022 and December 31, 2021, the total fair value of the remaining contingent consideration which was included in other current assets on the condensed consolidated balance sheets was not significant. Changes in the fair value of the contingent consideration were recorded in gain (loss) on asset sales on the condensed consolidated statement of operations.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivatives Designated as Hedging Instruments Net Investment Hedges. We are exposed to the impact of foreign exchange rate fluctuations on the value of investments in our foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, we have entered into various foreign currency debt obligations, which are designated as hedges against our net investments in foreign subsidiaries. As of June 30, 2022 and December 31, 2021, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.8 billion and $1.5 billion, respectively. We also use cross-currency interest rate swaps, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. As of June 30, 2022 and December 31, 2021, we had cross-currency interest rate swaps outstanding with notional amounts of $3.9 billion and $4.0 billion respectively, with maturity dates ranging through 2026. From time to time, we use foreign currency forward contracts to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of June 30, 2022 and December 31, 2021, the total notional amount of foreign currency forward contracts designated as net investment hedges were $373.4 million and $375.7 million, respectively. Certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them 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 our balance sheet at their fair value. The majority of these embedded derivatives arise as a result of our foreign subsidiaries pricing their customer contracts in U.S. Dollars. We use these forward contracts embedded within our customer agreements to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign currency debt $ 112,530 $ (23,758) $ 157,591 $ 44,982 Cross-currency interest rate swaps (included component) (1) 221,292 (23,124) 343,322 118,104 Cross-currency interest rate swaps (excluded component) (2) 3,154 15,112 (68,954) (25,417) Foreign currency forward contracts (included component) (1) 18,592 (5,264) 15,643 (4,556) Foreign currency forward contracts (excluded component) (3) (1,615) (2) (2,291) 26 Total $ 353,953 $ (37,036) $ 445,311 $ 133,139 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Six Months Ended 2022 2021 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 12,029 $ 10,566 $ 24,607 $ 20,615 Foreign currency forward contracts (excluded component) (3) Interest expense (132) 40 (163) 204 Total $ 11,897 $ 10,606 $ 24,444 $ 20,819 (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 . We hedge our foreign currency transaction exposure for forecasted revenues and expenses in our 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 we use to hedge this exposure are designated as cash flow hedges. As of June 30, 2022 and December 31, 2021, the total notional amounts of these foreign exchange contracts were $631.8 million and $831.2 million, respectively. As of June 30, 2022, our foreign currency cash flow hedge instruments had maturity dates ranging from July 2022 to December 2023 and we had a net gain of $57.5 million recorded within accumulated other comprehensive income (loss) to be reclassified to revenues and expenses relating to these cash flow hedges as they mature in the next 12 months. As of December 31, 2021, our foreign currency cash flow hedge instruments had maturity dates ranging from January 2022 to December 2023 and we had a net gain of $13.3 million recorded within accumulated other comprehensive income (loss) to be reclassified to revenues and expenses relating to these cash flow hedges as they mature in the next 12 months. We enter into intercompany hedging instruments ("intercompany derivatives") with our wholly-owned subsidiaries in order to hedge certain forecasted revenues and expenses denominated in currencies other than the U.S. Dollar. Simultaneously, we enter into derivative contracts with unrelated third parties to externally hedge the net exposure created by such intercompany derivatives. We hedge the interest rate exposure created by anticipated fixed rate debt issuances through the use of treasury locks and swap locks (collectively, interest rate locks), which are designated as cash flow hedges. As of June 30, 2022, we had no interest rate locks outstanding. As of December 31, 2021, the total notional amount of interest rate locks outstanding was $800.0 million. During the six months ended June 30, 2022, interest rate locks with a combined aggregate notional amount of $800.0 million were settled related to the issuance of senior notes during the year. When interest rate locks are settled, any gain or loss from the transactions is deferred and included as a component of other comprehensive income (loss) and is amortized to interest expense over the term of the forecasted hedged transaction which is equivalent to the term of the interest rate locks. As of June 30, 2022 and December 31, 2021, we had a net gain of $1.4 million and a net loss of $3.9 million, respectively, recorded within accumulated other comprehensive income (loss) to be reclassified to interest expense in the next 12 months for interest rate locks. The effect of cash flow hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign currency forward and option contracts (included component) (1) $ 28,258 $ 1,833 $ 46,580 $ 33,207 Foreign currency option contracts (excluded component) (2) — (45) — 151 Interest rate locks (350) (7,040) 50,092 (1,239) Total $ 27,908 $ (5,252) $ 96,672 $ 32,119 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency forward contracts Revenues $ 31,838 $ (16,565) $ 35,401 $ (29,534) Foreign currency forward contracts Costs and operating expenses (15,793) 8,583 (17,105) 15,787 Interest rate locks Interest Expense 350 (1,049) (726) (1,854) Total $ 16,395 $ (9,031) $ 17,570 $ (15,601) Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency option contracts (excluded component) (2) Revenues $ — $ (63) $ — $ (244) Total $ — $ (63) $ — $ (244) (1) Included component represents foreign exchange spot rates. (2) Excluded component represents option's time value. Derivatives Not Designated as Hedging Instruments Embedded Derivatives . As described above, certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them that are priced in currencies different from the functional or local currencies of the parties involved. Economic Hedges of Embedded Derivatives . We use foreign currency forward contracts to manage the foreign exchange risk associated with our 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 . We also use 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 our foreign currency-denominated monetary assets and liabilities change. Gains and losses on these contracts are included in other income (expense), on a net basis, along with the foreign currency gains and losses of the related foreign currency-denominated monetary assets and liabilities associated with these foreign currency forward contracts. As of June 30, 2022 and December 31, 2021, the total notional amounts of these foreign currency contracts were $3.0 billion and $3.3 billion, respectively. The following table presents the effect of derivatives not designated as hedging instruments in our condensed consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Embedded derivatives Revenues $ — $ 650 $ (568) $ 5,145 Economic hedge of embedded derivatives Revenues — (279) (983) (4,492) Foreign currency forward contracts Other income (expense) 135,087 7,975 133,617 64,775 Total $ 135,087 $ 8,346 $ 132,066 $ 65,428 Fair Value of Derivative Instruments The following table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 December 31, 2021 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 61,838 $ — $ 22,866 $ 7,618 Interest rate locks — — 8,662 — Net investment hedges Cross-currency interest rate swaps 307,975 — 56,921 19,441 Foreign currency forward contracts 12,532 143 156 70 Total designated as hedging 382,345 143 88,605 27,129 Not designated as hedging instruments: Embedded derivatives — — 3,247 652 Economic hedges of embedded derivatives — — 2,232 637 Foreign currency forward contracts 62,372 4,359 83,265 5,854 Total not designated as hedging 62,372 4,359 88,744 7,143 Total Derivatives $ 444,717 $ 4,502 $ 177,349 $ 34,272 (1) As presented in our condensed consolidated balance sheets within other current assets and other assets. (2) As presented in our condensed consolidated balance sheets within other current liabilities and other liabilities. Offsetting Derivative Assets and Liabilities We enter into master netting agreements with our 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, we do not offset fair value amounts recognized for derivative instruments or the accrued interest related to cross-currency interest rate swaps under master netting arrangements. The following table presents information related to these offsetting arrangements as of June 30, 2022 and December 31, 2021 (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 June 30, 2022 Derivative assets $ 472,123 $ — $ 472,123 $ (17,181) $ 454,942 Derivative liabilities 17,324 — 17,324 (17,181) 143 December 31, 2021 Derivative assets $ 207,037 $ — $ 207,037 $ (47,538) $ 159,499 Derivative liabilities 49,326 — 49,326 (47,538) 1,788

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We perform fair value measurements in accordance with ASC 820, Fair Value Measurement, which establishes three levels of inputs that we use to measure fair value: • Level 1: quoted prices in active markets for identical assets or liabilities. • Level 2: observable inputs (e.g. spot rates and other data from the third-party pricing vendors for our derivative instruments) other than quoted market prices included within Level 1 that are observable, either directly or indirectly, for the assets or liabilities. • Level 3: unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 were as follows (in thousands): As of June 30, 2022 As of December 31, 2021 Fair Value Fair Value Fair Value Fair Value Level 1 Level 2 Level 1 Level 2 Assets: Money market and deposit accounts $ 865,474 $ 865,474 $ — $ 585,681 $ 585,681 $ — Derivative instruments (1) 444,717 — 444,717 177,349 — 177,349 Total $ 1,310,191 $ 865,474 $ 444,717 $ 763,030 $ 585,681 $ 177,349 Liabilities: Derivative instruments (1) $ 4,502 $ — $ 4,502 $ 34,272 $ — $ 34,272 (1) Amounts are included within other current assets, other assets, others current liabilities and other liabilities in the condensed consolidated balance sheets. We did not have any nonfinancial assets or liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021. Other than the contingent consideration related to the EMEA 1 Joint Venture as described in Note 6 above, we did not have any Level 3 financial assets or financial liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the six months ended June 30, 2022 (in thousands): Renewal/Termination Options excluded Net Incremental (1) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Atlanta 1 ("AT1") data center lease extended & expansion (2) Q1 Extended lease term by 12 years with additional three 10-year renewal options Two 10-year renewal options Finance Lease $ 71,994 $ 72,549 Operating Lease (1,836) (2,391) Hong Kong 6 ("HK6") new land and building construct site Q2 New lease-15 year term 5-year renewal option Operating Lease 195,245 195,245 Hong Kong 2 ("HK2") data center lease renewal Q2 Exercised the 3-year renewal option for Phase 1 & 2 (3) Two 3-year renewal options Operating Lease 81,504 81,504 (1) The net incremental amounts represent the adjustments to the right of use ("ROU") assets and liabilities recorded during the quarter that the transactions were entered. (2) This lease had components previously classified as operating leases. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases within HK2, resulting in new lease end dates ranging from June 2030 to October 2031 from including renewal options that are reasonably certain to be exercised. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 41,105 $ 37,110 $ 81,228 $ 73,238 Interest on lease liabilities 28,357 29,823 57,244 60,016 Total finance lease cost 69,462 66,933 138,472 133,254 Operating lease cost 52,971 57,045 104,601 113,499 Variable lease cost 9,666 7,630 17,282 15,670 Total lease cost $ 132,099 $ 131,608 $ 260,355 $ 262,423 (1) Amortization of ROU assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 55,929 $ 57,084 Operating cash flows from operating leases 96,734 152,052 Financing cash flows from finance leases 69,556 98,877 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 74,954 $ 339,486 Operating leases 313,034 50 As of June 30, 2022 As of December 31, 2021 Weighted-average remaining lease term - finance leases (2) 14 years 14 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 7 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease ROU assets (3) $ 1,868,922 $ 1,875,696 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $776.7 million and $726.4 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets. Maturities of Lease Liabilities Maturities of lease liabilities as of June 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (6 months remaining) $ 84,896 $ 126,980 $ 211,876 2023 186,550 236,434 422,984 2024 182,667 237,282 419,949 2025 177,235 235,170 412,405 2026 174,781 224,329 399,110 Thereafter 1,128,704 2,099,061 3,227,765 Total lease payments 1,934,833 3,159,256 5,094,089 Plus amount representing residual property value — — — Less imputed interest (502,719) (1,029,658) (1,532,377) Total $ 1,432,114 $ 2,129,598 $ 3,561,712 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2022. These leases will commence between year 2022 and 2024, with lease terms of 3 to 27 years and total lease commitments of approximately $557.9 million.
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the six months ended June 30, 2022 (in thousands): Renewal/Termination Options excluded Net Incremental (1) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Atlanta 1 ("AT1") data center lease extended & expansion (2) Q1 Extended lease term by 12 years with additional three 10-year renewal options Two 10-year renewal options Finance Lease $ 71,994 $ 72,549 Operating Lease (1,836) (2,391) Hong Kong 6 ("HK6") new land and building construct site Q2 New lease-15 year term 5-year renewal option Operating Lease 195,245 195,245 Hong Kong 2 ("HK2") data center lease renewal Q2 Exercised the 3-year renewal option for Phase 1 & 2 (3) Two 3-year renewal options Operating Lease 81,504 81,504 (1) The net incremental amounts represent the adjustments to the right of use ("ROU") assets and liabilities recorded during the quarter that the transactions were entered. (2) This lease had components previously classified as operating leases. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases within HK2, resulting in new lease end dates ranging from June 2030 to October 2031 from including renewal options that are reasonably certain to be exercised. Lease Expenses The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 41,105 $ 37,110 $ 81,228 $ 73,238 Interest on lease liabilities 28,357 29,823 57,244 60,016 Total finance lease cost 69,462 66,933 138,472 133,254 Operating lease cost 52,971 57,045 104,601 113,499 Variable lease cost 9,666 7,630 17,282 15,670 Total lease cost $ 132,099 $ 131,608 $ 260,355 $ 262,423 (1) Amortization of ROU assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 55,929 $ 57,084 Operating cash flows from operating leases 96,734 152,052 Financing cash flows from finance leases 69,556 98,877 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 74,954 $ 339,486 Operating leases 313,034 50 As of June 30, 2022 As of December 31, 2021 Weighted-average remaining lease term - finance leases (2) 14 years 14 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 7 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease ROU assets (3) $ 1,868,922 $ 1,875,696 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $776.7 million and $726.4 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets. Maturities of Lease Liabilities Maturities of lease liabilities as of June 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (6 months remaining) $ 84,896 $ 126,980 $ 211,876 2023 186,550 236,434 422,984 2024 182,667 237,282 419,949 2025 177,235 235,170 412,405 2026 174,781 224,329 399,110 Thereafter 1,128,704 2,099,061 3,227,765 Total lease payments 1,934,833 3,159,256 5,094,089 Plus amount representing residual property value — — — Less imputed interest (502,719) (1,029,658) (1,532,377) Total $ 1,432,114 $ 2,129,598 $ 3,561,712 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of June 30, 2022. These leases will commence between year 2022 and 2024, with lease terms of 3 to 27 years and total lease commitments of approximately $557.9 million.

Debt Facilities

Debt Facilities	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt Facilities	Debt Facilities Mortgage and Loans Payable As of June 30, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands): June 30, December 31, 2021 Term loans $ 627,670 $ 549,697 Mortgage payable and loans payable 61,539 68,691 689,209 618,388 Less amount representing unamortized debt discount and debt issuance cost (1,253) (354) Add amount representing unamortized mortgage premium 1,461 1,630 689,417 619,664 Less current portion (34,086) (33,087) Total $ 655,331 $ 586,577 Senior Credit Facility and Refinancing In 2017, we entered into a credit agreement ("2017 Credit Agreement") with a group of lenders for a $3.0 billion credit facility ("2017 Credit Facilities"), comprised of a $2.0 billion senior unsecured multicurrency revolving credit facility ("2017 Revolving Facility") and an approximately $1.0 billion senior unsecured multicurrency term loan facility (the "2017 Term Loan Facility"). The credit agreement was subsequently amended to provide an additional senior unsecured term loan in Japanese Yen for approximately $424.7 million at the exchange rate effective on the transaction date. On May 17, 2021, we repaid our outstanding term loans in Swedish Krona and Japanese Yen under the 2017 Term Loan Facility for $285.4 million and $374.5 million in U.S. Dollars, respectively, at the exchange rates in effect on May 17, 2021 using a portion of the cash proceeds from the 2026 Notes, 2028 Notes, 2031 Notes, and 2052 Notes issuances as described below. On January 7, 2022, we entered into a credit agreement (the "2022 Credit Agreement") with a group of lenders for a senior unsecured credit facility, comprised of a $4.0 billion senior unsecured multicurrency revolving credit facility (the "2022 Revolving Facility") and a £500.0 million senior unsecured term loan facility (the "2022 Term Loan Facility" and, together with the 2022 Revolving Facility, collectively, the "2022 Credit Facilities"). The total debt issuance costs for the 2022 Revolving Facility and 2022 Term Loan Facility are $6.5 million and $0.8 million, respectively. We borrowed the full £500.0 million available under the 2022 Term Loan Facility, or approximately $676.9 million at the exchange rates in effect on that date. On that same day, using a portion of the proceeds from the 2022 Term Loan Facility, we prepaid in full all of the $549.6 million of indebtedness outstanding under the 2017 Term Loan Facility, at the exchange rates in effect on January 7, 2022 and terminated the 2017 Credit Agreement. In connection with the repayment and termination, we incurred an insignificant amount of loss on debt extinguishment. The remaining unamortized debt issuance costs of the 2017 Credit Facilities will continue to be amortized over the contract terms of the 2022 Credit Facilities. The 2022 Credit Facilities have a maturity date of January 7, 2027. We may borrow, repay and reborrow amounts under the 2022 Revolving Facility until the Maturity Date, at which time all amounts outstanding under the 2022 Revolving Facility must be repaid in full. The term loan made under the 2022 Term Loan Facility has no scheduled principal amortization and must be repaid in full on the maturity date. The 2022 Revolving Credit Facility provides for extensions of credit in U.S. Dollars as well as certain other foreign currencies. Borrowings under the 2022 Revolving Facility bear interest at a rate based on the daily Secured Overnight Financing Rate ("SOFR"), term SOFR, an alternative currency daily rate, or an alternative currency term rate plus a spread adjustment, plus a margin that can vary from 0.555% to 1.200%. Borrowings under the 2022 Term Loan Facility bear interest at a rate based on the daily Sterling Overnight Index Average ("SONIA"), plus a spread adjustment, plus a margin that can vary from 0.625% to 1.450%. We are also required to pay a quarterly letter of credit fee on the face amount of each letter of credit, which fee is based on the same margin that applies from time to time to SOFR-indexed borrowings under the revolving credit line. The margin is dependent on either our consolidated net leverage ratio or our credit ratings. We are also required to pay a quarterly facility fee ranging from 0.07% to 0.25% per annum. The 2022 Credit Agreement contains customary covenants, including financial ratio covenants that are required to be maintained as of each quarter end. As of June 30, 2022 and December 31, 2021, the total amounts outstanding under the 2022 Term Loan Facility and 2017 Term Loan Facility, net of debt issuance costs, were $608.0 million and $549.3 million, respectively. This outstanding amount of $608.0 million as of June 30, 2022 was recorded as non-current liabilities as we do not expect to settle the liabilities within the year. As of June 30, 2022, we had 43 irrevocable letters of credit totaling $104.7 million issued and outstanding under the 2022 Revolving Facility, with approximately $3.9 billion remaining available to borrow under the 2022 Revolving Facility. Senior Notes As of June 30, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands): June 30, 2022 December 31, 2021 Amount Effective Rate Amount Effective Rate 2.625% Senior Notes due 2024 $ 1,000,000 2.79 % $ 1,000,000 2.79 % 1.250% Senior Notes due 2025 500,000 1.46 % 500,000 1.46 % 1.000% Senior Notes Due 2025 700,000 1.18 % 700,000 1.18 % 2.900% Senior Notes due 2026 600,000 3.04 % 600,000 3.04 % 1.450% Senior Notes due 2026 700,000 1.64 % 700,000 1.64 % 0.250% Euro Senior Notes due 2027 524,050 0.45 % 569,150 0.45 % 1.800% Senior Notes due 2027 500,000 1.96 % 500,000 1.96 % 1.550% Senior Notes due 2028 650,000 1.67 % 650,000 1.67 % 2.000% Senior Notes due 2028 400,000 2.21 % 400,000 2.21 % 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 % 1,100,000 2.27 % 2.500% Senior Notes due 2031 1,000,000 2.65 % 1,000,000 2.65 % 3.900% Senior Notes due 2032 1,200,000 4.07 % — — % 1.000% Euro Senior Notes due 2033 628,860 1.18 % 682,980 1.18 % 3.000% Senior Notes due 2050 500,000 3.09 % 500,000 3.09 % 2.950% Senior Notes due 2051 500,000 3.00 % 500,000 3.00 % 3.400% Senior Notes due 2052 500,000 3.50 % 500,000 3.50 % 12,202,910 11,102,130 Less amount representing unamortized debt issuance cost (125,154) (117,986) 12,077,756 10,984,144 Less current portion — — Total $ 12,077,756 $ 10,984,144 0.250% Euro Senior Notes due 2027 and 1.000% Euro Senior Notes due 2033 On March 10, 2021, we issued €500.0 million, or approximately $594.9 million in U.S. dollars, at the exchange rate in effect on March 10, 2021, aggregate principal amount of 0.250% senior notes due March 15, 2027 (the "2027 Euro Notes") and €600.0 million, or approximately $713.8 million in U.S. dollars, at the exchange rate in effect on March 10, 2021, aggregate principal amount of 1.000% senior notes due March 15, 2033 (the "2033 Euro Notes"). Interest on the notes is payable annually in arrears on March 15 of each year, commencing on March 15, 2022. Total debt issuance costs and debt discounts related to the 2027 Euro Notes and the 2033 Euro Notes were $7.0 million and $14.1 million, respectively. Redemption of 2.875% Euro Senior Notes due 2026 On March 24, 2021, using a portion of the net cash proceeds from the 2027 Euro Senior Notes and 2033 Euro Senior Notes, we redeemed the remaining outstanding 2.875% Euro Senior Notes due 2026 for $590.7 million in U.S. dollars, at the exchange rate in effect on March 24, 2021. In connection with the redemption, we incurred $13.2 million of loss on debt extinguishment, including $8.5 million in redemption premium that was paid in cash and $4.7 million related to the write-off of unamortized debt issuance costs, during the three months ended March 31, 2021. 1.450% Senior Notes due 2026, 2.000% Senior Notes due 2028, 2.500% Senior Notes due 2031 and 3.400% Senior Notes due 2052 On May 17, 2021, we issued $700.0 million aggregate principal amount of 1.450% senior notes due 2026 (the "2026 Notes"), $400.0 million aggregate principal amount of 2.000% senior notes due 2028 (the "2028 Notes"), $1.0 billion aggregate principal amount of 2.500% senior notes due 2031 (the "2031 Notes"), and $500.0 million aggregate principal amount of 3.400% senior notes due 2052 (the "2052 Notes"). Interest on the 2026, 2028 and 2031 notes are payable semi-annually on May 15 and November 15 of each year, commencing on November 15, 2021. Interest on the 2052 notes are payable semi-annually on February 15 and August 15 of each year, commencing on February 15, 2022. Total debt issuance costs and debt discounts related to the 2026 Notes, 2028 Notes, 2031 Notes and 2052 Notes were $6.4 million, $5.3 million, $13.0 million and $9.3 million, respectively. Redemption of 5.375% Senior Notes due 2027 On June 2, 2021, we redeemed all outstanding principal amount under the 5.375% Senior Notes due 2027 with a portion of the net cash proceeds from the issuance of the 2026 Notes, 2028 Notes, 2031 Notes, and 2052 Notes as described above. In connection with the redemption, we incurred $100.6 million of loss on debt extinguishment, including $90.7 million redemption premium that was paid in cash and $9.9 million related to the write-off of unamortized debt issuance costs. 3.900% Senior Notes due 2032 On April 5, 2022, we issued $1.2 billion aggregate principal amount of 3.900% Senior Notes due 2032 (the "2032 Notes"). Interest on the 2032 Notes is payable semi-annually on April 15 and October 15 of each year, commencing on October 15, 2022. Debt issuance costs and debt discounts related to the 2032 Notes were $16.3 million. Maturities of Debt Instruments The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2022 (in thousands): Years ending: 2022 (6 months remaining) $ 29,016 2023 10,351 2024 1,009,999 2025 1,208,667 2026 1,308,202 Thereafter 9,327,345 Total $ 12,893,580 Fair Value of Debt Instruments The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of (in thousands): June 30, December 31, Mortgage and loans payable $ 696,708 $ 621,051 Senior notes 10,380,331 11,049,834 The fair values of the mortgage and loans payable, which are not publicly traded, were estimated by considering our credit rating, current rates available to us for debt of the same remaining maturities and terms of the debt (Level 2). The fair value of the senior notes, which are traded in the public debt market, was based on quoted market prices (Level 1). Interest Charges The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Interest expense $ 90,826 $ 87,231 $ 170,791 $ 176,912 Interest capitalized 4,335 6,684 8,755 12,792 Interest charges incurred $ 95,161 $ 93,915 $ 179,546 $ 189,704

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase and Other Commitments As a result of our various IBX data center expansion projects, as of June 30, 2022, we were contractually committed for approximately $1.5 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 our customers for installation. We also had numerous other, non-capital purchase commitments in place as of June 30, 2022, such as commitments to purchase power in select locations through the remainder of 2022 and thereafter, and other open purchase orders for goods or services to be delivered or provided during the remainder of 2022 and thereafter. Such other miscellaneous purchase commitments totaled approximately $1.6 billion as of June 30, 2022. For further information on equity contribution commitments and lease commitments, see Note 6 and Note 9, respectively, above. Contingent Liabilities We estimate our 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, we record what we 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 our 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 our IBX data center leases or a municipality changing the assessment value in a jurisdiction and, as a result, our property tax obligations may vary from period to period. Based upon the most current facts and circumstances, we make the necessary property tax accruals for each of our reporting periods. However, revisions in our estimates of the potential or actual liability could materially impact our financial position, results of operations or cash flows. Our 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 an audit and appealing the tentative assessment in Brazil. The final settlement of the audit and the outcomes of the appeal are uncertain and may not be resolved in our favor. We regularly assess the likelihood of adverse outcomes resulting from these examinations and appeals that would affect the adequacy of our 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 our expectations, the revision of the estimates of the potential or actual liabilities could materially impact the financial position, results of operations, or cash flows. Indemnification and Guarantor Arrangements As permitted under Delaware law, we have agreements whereby we indemnify our officers and directors for certain events or occurrences while the officer or director is, or was serving, at our request in such capacity. The term of the indemnification period is for the officer's or director's lifetime. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have a director and officer insurance policy that could limit our exposure and enable us to recover a portion of any future amounts paid. As a result of our insurance policy that could limit our exposure and enable us to recover some or all of amounts paid, our estimated fair value of these indemnification agreements is minimal. We have no liabilities recorded for these agreements as of June 30, 2022. We enter into standard indemnification agreements in the ordinary course of business. Pursuant to these agreements, we indemnify, hold harmless, and agree to reimburse the indemnified party for losses suffered or incurred by the indemnified party, generally our business partners or customers, in connection with any U.S. patent, or any copyright or other intellectual property infringement claim by any third party with respect to our offerings. The term of these indemnification agreements is generally perpetual any time after execution of the agreement. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have never incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, our estimated fair value of these agreements is minimal. We have no liabilities recorded for these agreements as of June 30, 2022. We enter into arrangements with our business partners, whereby the business partner agrees to provide services as a subcontractor for our installations. Accordingly, we enter into standard indemnification agreements with our customers, whereby we indemnify them for other acts, such as personal property damage, of our subcontractors. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have general and umbrella insurance policies that could enable us to recover a portion of any amounts paid. We have never incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, our estimated fair value of these agreements is minimal. We do not have significant liabilities recorded for these agreements as of June 30, 2022.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Stockholders' Equity Rollforward The following tables provide a rollforward of our stockholders' equity for the three months ended June 30, 2022 and 2021 (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, 2021 90,872,826 $ 91 (301,420) $ (112,208) $ 15,984,597 $ (6,165,140) $ (1,085,751) $ 2,260,493 $ 10,882,082 $ (318) $ 10,881,764 Net income — — — — — — — 147,453 147,453 240 147,693 Other comprehensive income — — — — — — 32,837 — 32,837 3 32,840 Issuance of common stock and release of treasury stock for employee equity awards 430,973 — 11,445 4,259 39,617 — — — 43,876 — 43,876 Dividend distribution on common stock, $3.10 per share — — — — — (282,031) — — (282,031) — (282,031) Settlement of accrued dividends on vested equity awards — — — — — (497) — — (497) — (497) Accrued dividends on unvested equity awards — — — — — (2,045) — — (2,045) — (2,045) Stock-based compensation, net of estimated forfeitures — — — — 121,210 — — — 121,210 — 121,210 Balance as of March 31, 2022 91,303,799 91 (289,975) (107,949) 16,145,424 (6,449,713) (1,052,914) 2,407,946 10,942,885 (75) 10,942,810 Net income (loss) — — — — — — — 216,322 216,322 (80) 216,242 Other comprehensive loss — — — — — — (365,842) — (365,842) (35) (365,877) Issuance of common stock and release of treasury stock 36,682 — 24,609 9,157 4,882 — — — 14,039 — 14,039 Dividend distribution on common stock, $3.10 per share — — — — — (282,168) — — (282,168) — (282,168) Settlement of accrued dividends on vested equity awards — — — — — (57) — — (57) — (57) Accrued dividends on unvested equity awards — — — — — (4,400) — — (4,400) — (4,400) Stock-based compensation, net of estimated forfeitures — — — — 109,005 — — — 109,005 — 109,005 Balance as of June 30, 2022 91,340,481 $ 91 (265,366) $ (98,792) $ 16,259,311 $ (6,736,338) $ (1,418,756) $ 2,624,268 $ 10,629,784 $ (190) $ 10,629,594 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, 2020 89,462,304 $ 89 (328,052) $ (122,118) $ 15,028,357 $ (5,119,274) $ (913,368) $ 1,760,302 $ 10,633,988 $ 130 $ 10,634,118 Net income (loss) — — — — — — — 156,362 156,362 (288) 156,074 Other comprehensive loss — — — — — — (95,480) — (95,480) (1) (95,481) Issuance of common stock and release of treasury stock for employee equity awards 428,618 1 11,640 4,332 35,701 — — — 40,034 — 40,034 Dividend distribution on common stock, $2.87 per share — — — — — (256,321) — — (256,321) — (256,321) Settlement of accrued dividends on vested equity awards — — — — — (437) — — (437) — (437) Accrued dividends on unvested equity awards — — — — — (3,661) — — (3,661) — (3,661) Stock-based compensation, net of estimated forfeitures — — — — 102,349 — — — 102,349 — 102,349 Balance as of March 31, 2021 89,890,922 90 (316,412) (117,786) 15,166,407 (5,379,693) (1,008,848) 1,916,664 10,576,834 (159) 10,576,675 Net income — — — — — — — 68,339 68,339 148 68,487 Other comprehensive income — — — — — — 67,734 — 67,734 11 67,745 Issuance of common stock and release of treasury stock for employee equity awards 36,674 — 1,389 516 (516) — — — — — — Issuance of common stock under ATM Program 137,604 — — — 99,599 — — — 99,599 — 99,599 Dividend distribution on common stock, $2.87 per share — — — — — (257,199) — — (257,199) — (257,199) Settlement of accrued dividends on vested equity awards — — — — — (55) — — (55) — (55) Accrued dividends on unvested equity awards — — — — — (4,016) — — (4,016) — (4,016) Stock-based compensation, net of estimated forfeitures — — — — 95,236 — — — 95,236 — 95,236 Balance as of June 30, 2021 90,065,200 $ 90 (315,023) $ (117,270) $ 15,360,726 $ (5,640,963) $ (941,114) $ 1,985,003 $ 10,646,472 $ — $ 10,646,472 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 June 30, Foreign currency translation adjustment ("CTA") loss $ (1,068,399) $ (862,930) $ (1,931,329) Unrealized gain (loss) on cash flow hedges (1) (6,590) 84,654 78,064 Net investment hedge CTA gain (loss) (1) (9,952) 445,311 435,359 Net actuarial loss on defined benefit plans (2) (810) (40) (850) Accumulated other comprehensive loss attributable to Equinix $ (1,085,751) $ (333,005) $ (1,418,756) (1) Refer to Note 7 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income. (2) We have two defined benefit pension plans covering all employees in two countries where such plan is mandated by law. Changes in foreign currencies can have a significant impact to our condensed consolidated balance sheets (as evidenced above in our foreign currency translation loss), as well as our condensed consolidated results of operations, as amounts in foreign currencies are generally translated into more U.S. Dollars when the U.S. Dollar weakens or fewer U.S. Dollars when the U.S. Dollar strengthens. As of June 30, 2022, the U.S. Dollar was generally stronger relative to certain of the currencies of the foreign countries in which we operate as compared to December 31, 2021. Because of this, the U.S. Dollar had an overall unfavorable impact on our condensed consolidated financial position because the foreign denominations translated into fewer U.S. Dollars as evidenced by an increase in foreign currency translation loss for the six months ended June 30, 2022 as reflected in the condensed consolidated statements of comprehensive income (loss). The volatility of the U.S. Dollar as compared to the other currencies in which we operate could have a significant impact on our condensed consolidated financial position and results of operations including the amount of revenue that we report in future periods. Common Stock In October 2020, we established an ATM program, under which we may, from time to time, offer and sell our common stock to or through sales agents in "at the market" transactions (the "2020 ATM Program"). In February 2022, we entered into a forward sale amendment to the 2020 ATM Program, under which we may, from time to time, offer and sell shares under the equity distribution agreement pursuant to forward sale transactions (the "Equity Forward Amendment"). Under the 2020 ATM Program and Equity Forward Amendment we may, from time to time, offer and sell our common stock to or through sales agents up to an aggregate amount of $1.5 billion. The forward sale agreements provide three settlement alternatives to us: physical settlement, cash settlement or net share settlement. In accordance with ASC 815, the forward sale agreements are classified as equity for balance sheet purposes. As of June 30, 2022, we executed five forward sale agreements to sell 579,873 shares of our common stock with maturity dates ranging from March 2023 to June 2023. The future gross settlement value for the forward sale agreements is approximately $394.8 million at an aggregate weighted-average forward sale price of $680.77 per share. The weighted-average forward sale price that we expect to receive upon physical settlement will be subject to adjustments for a discount rate factor equal to a specified benchmark rate less a spread minus scheduled dividends during the terms of the agreements. As of June 30, 2022, we had $605.2 million of common stock remaining available for sale under the 2020 ATM Program, which amount gives effect to the unsettled forward sale transactions noted above. For the three and six months ended June 30, 2022 no shares were issued under the 2020 ATM Program. For the three and six months ended June 30, 2021, we issued 137,604 shares under the 2020 ATM Program, for approximately $99.6 million, net of payment of commissions to sales agents and other offering expenses. Stock-Based Compensation For the six months ended June 30, 2022, the Compensation Committee and/or the Stock Award Committee of our Board of Directors, as the case may be, granted an aggregate of 794,013 restricted stock units ("RSUs") to certain employees, including executive officers. These equity awards are subject to vesting provisions and have a weighted-average grant date fair value of $663.94 per share and a weighted-average requisite service period of 3.51 years. The valuation of RSUs 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 our stock price on the date of grant. We use revenues, adjusted funds from operations ("AFFO") per share and digital services revenues as the performance measurements in the RSUs with both service and performance conditions that were granted in the six months ended June 30, 2022. We use a Monte Carlo simulation option-pricing model to determine the fair value of RSUs with a service and market condition. We used total shareholder return ("TSR") as the performance measurement in the RSUs with a service and market condition that were granted in the six months ended June 30, 2022. There were no significant changes in the assumptions used to determine the fair value of RSUs with a service and market condition that were granted in 2022 compared to the prior year. The following table presents, by operating expense category, our stock-based compensation expense recognized in our condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Cost of revenues $ 11,878 $ 10,008 $ 22,321 $ 18,475 Sales and marketing 23,171 20,779 43,355 38,482 General and administrative 69,633 63,548 128,958 115,728 Total $ 104,682 $ 94,335 $ 194,634 $ 172,685

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment InformationWhile we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes. The following tables present revenue information disaggregated by product lines and geographic areas, (in thousands): Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 541,988 $ 433,339 $ 281,635 $ 1,256,962 $ 1,064,159 $ 847,908 $ 564,250 $ 2,476,317 Interconnection 187,491 66,845 60,841 315,177 368,594 134,985 120,828 624,407 Managed infrastructure 55,329 30,447 19,916 105,692 104,551 61,437 40,558 206,546 Other (1) 5,581 22,048 1,991 29,620 10,715 28,462 3,328 42,505 Recurring revenues 790,389 552,679 364,383 1,707,451 1,548,019 1,072,792 728,964 3,349,775 Non-recurring revenues 40,475 46,522 22,706 109,703 83,266 76,889 41,671 201,826 Total $ 830,864 $ 599,201 $ 387,089 $ 1,817,154 $ 1,631,285 $ 1,149,681 $ 770,635 $ 3,551,601 (1) Includes some leasing and hedging activities. Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 497,659 $ 398,703 $ 259,573 $ 1,155,935 $ 985,118 $ 786,978 $ 514,131 $ 2,286,227 Interconnection 167,618 65,258 54,898 287,774 332,505 126,908 108,080 567,493 Managed infrastructure 40,734 31,176 22,094 94,004 79,219 63,287 44,843 187,349 Other (1) 451 3,682 616 4,749 2,489 8,728 1,109 12,326 Recurring revenues 706,462 498,819 337,181 1,542,462 1,399,331 985,901 668,163 3,053,395 Non-recurring revenues 44,181 39,110 32,166 115,457 77,252 70,745 52,591 200,588 Total $ 750,643 $ 537,929 $ 369,347 $ 1,657,919 $ 1,476,583 $ 1,056,646 $ 720,754 $ 3,253,983 (1) Includes some leasing and hedging activities. No single customer accounted for 10% or greater of our accounts receivable or revenues for the three and six months ended June 30, 2022 and 2021. There is no country outside of the U.S. from which we derived revenues that exceeded 10% of our total revenues for the three and six months ended June 30, 2022 and 2021. We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Adjusted EBITDA: Americas $ 376,224 $ 325,924 $ 732,779 $ 670,416 EMEA 295,382 262,526 555,727 506,089 Asia-Pacific 188,726 208,827 371,538 394,004 Total adjusted EBITDA 860,332 797,277 1,660,044 1,570,509 Depreciation, amortization and accretion expense (432,828) (417,758) (869,214) (812,076) Stock-based compensation expense (104,682) (94,335) (194,634) (172,685) Transaction costs (5,063) (6,985) (9,303) (8,167) Gain (loss) on asset sales 94 455 (1,724) (1,265) Interest income 4,508 374 6,614 1,103 Interest expense (90,826) (87,231) (170,791) (176,912) Other expense (6,238) (39,377) (15,787) (46,327) Gain (loss) on debt extinguishment (420) (102,460) 109 (115,518) Income before income taxes $ 224,877 $ 49,960 $ 405,314 $ 238,662 We also provide the following additional segment disclosures (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Depreciation and amortization: Americas $ 229,223 $ 222,134 $ 458,932 $ 425,567 EMEA 115,619 115,162 230,673 225,941 Asia-Pacific 88,428 78,945 179,005 159,750 Total $ 433,270 $ 416,241 $ 868,610 $ 811,258 Capital expenditures: Americas $ 225,102 $ 250,342 $ 410,148 $ 455,516 EMEA 197,824 252,802 360,327 488,218 Asia-Pacific 61,904 189,088 126,873 312,096 Total $ 484,830 $ 692,232 $ 897,348 $ 1,255,830 Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, located in the following geographic areas as of (in thousands): June 30, December 31, Americas $ 7,012,690 $ 6,777,174 EMEA 5,114,182 5,125,341 Asia-Pacific 3,328,308 3,543,260 Total property, plant and equipment, net $ 15,455,180 $ 15,445,775 Americas $ 281,443 $ 297,300 EMEA 438,353 470,330 Asia-Pacific 733,437 514,788 Total operating lease right-of-use assets $ 1,453,233 $ 1,282,418

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Declaration of dividends On July 27, 2022, we declared a quarterly cash dividend of $3.10 per share, which is payable on September 21, 2022 to our common stockholders of record as of the close of business on August 17, 2022.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by Equinix, Inc. (collectively with its consolidated subsidiaries referred to as "Equinix," the "Company," "we," "our," or "us") 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. In the preparation of our condensed consolidated financial statements, we have considered potential impacts of the COVID-19 pandemic on our critical and significant accounting estimates. There was no significant impact to our condensed consolidated financial statements. We will continue to evaluate the nature and extent of the potential impacts to our business and our condensed consolidated financial statements. Our condensed consolidated balance sheet data as of December 31, 2021 has been derived from audited consolidated financial statements as of that date. Our 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 our Form 10-K as filed with the SEC on February 18, 2022. Results for the interim periods are not necessarily indicative of results for the entire fiscal year.
Consolidation	Consolidation The accompanying unaudited condensed consolidated financial statements include the acquisitions of: • Two data centers in Mumbai, India from the India operations of GPX Global Systems, Inc. ("GPX India") from September 1, 2021; • Four data centers as well as a subsea cable and terrestrial fiber network in West Africa acquired from MainOne Cable Company ("MainOne") from April 1, 2022; and • Four data centers in Chile acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022. All intercompany accounts and transactions have been eliminated in consolidation.
Income Taxes	Income Taxes We elected to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with our 2015 taxable year. As a result, we may deduct the dividends paid to our stockholders from taxable income generated by our REIT and qualified REIT subsidiaries ("QRSs"). Our dividends paid deduction generally eliminates the U.S. federal taxable income of our REIT and QRSs, resulting in no U.S. federal income tax due. However, our domestic taxable REIT subsidiaries ("TRSs") are subject to U.S. corporate income taxes on any taxable income generated by them. In addition, our foreign operations are subject to local income taxes regardless of whether the foreign operations are operated as QRSs or TRSs.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted Income Taxes In December 2019, FASB issued ASU 2019-12, Income Taxes ("Topic 740"): Simplifying the Accounting for Income Taxes. 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. On January 1, 2021, we adopted this ASU on a prospective basis and the adoption of this standard did not have an impact on our condensed consolidated financial statements. Debt with Conversion and Other Options In August 2020, FASB issued 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. On January 1, 2022, we adopted this ASU on a prospective basis and the adoption of this standard did not have a material impact on our condensed consolidated financial statements. Business Combinations
Remaining performance obligations	Remaining performance obligations As of June 30, 2022, approximately $9.5 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods. Most of our revenue contracts have an initial term varying from one The remaining performance obligations do not include variable consideration related to unsatisfied performance obligations such as the usage of metered power, point-in-time services, 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 we are considered the lessor.
Derivatives Designated as Hedging Instruments	Derivatives Designated as Hedging Instruments Net Investment Hedges. We are exposed to the impact of foreign exchange rate fluctuations on the value of investments in our foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, we have entered into various foreign currency debt obligations, which are designated as hedges against our net investments in foreign subsidiaries. As of June 30, 2022 and December 31, 2021, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.8 billion and $1.5 billion, respectively. We also use cross-currency interest rate swaps, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. As of June 30, 2022 and December 31, 2021, we had cross-currency interest rate swaps outstanding with notional amounts of $3.9 billion and $4.0 billion respectively, with maturity dates ranging through 2026. From time to time, we use foreign currency forward contracts to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of June 30, 2022 and December 31, 2021, the total notional amount of foreign currency forward contracts designated as net investment hedges were $373.4 million and $375.7 million, respectively. Certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them 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 our balance sheet at their fair value. The majority of these embedded derivatives arise as a result of our foreign subsidiaries pricing their customer contracts in U.S. Dollars. We use these forward contracts embedded within our customer agreements to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. Cash Flow Hedges .
Derivatives Not Designated as Hedging Instruments	Derivatives Not Designated as Hedging Instruments Embedded Derivatives . As described above, certain of our customer agreements are deemed to have foreign currency forward contracts embedded in them that are priced in currencies different from the functional or local currencies of the parties involved. Economic Hedges of Embedded Derivatives . We use foreign currency forward contracts to manage the foreign exchange risk associated with our 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	We perform fair value measurements in accordance with ASC 820, Fair Value Measurement, which establishes three levels of inputs that we use to measure fair value: • Level 1: quoted prices in active markets for identical assets or liabilities. • Level 2: observable inputs (e.g. spot rates and other data from the third-party pricing vendors for our derivative instruments) other than quoted market prices included within Level 1 that are observable, either directly or indirectly, for the assets or liabilities. • Level 3: unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities.
Segment Information	While we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA performance both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of opening and closing balances	The following table summarizes the opening and closing balances of our accounts receivable, net; contract assets, current; contract assets, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net (1) Contract assets, current Contract assets, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2022 $ 681,809 $ 65,392 $ 55,486 $ 109,736 $ 87,495 Closing balances as of June 30, 2022 812,769 66,693 61,290 128,461 162,024 Increase $ 130,960 $ 1,301 $ 5,804 $ 18,725 $ 74,529

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended 2022 2021 2022 2021 Net income $ 216,242 $ 68,487 $ 363,935 $ 224,561 Net (income) loss attributable to non-controlling interests 80 (148) (160) 140 Net income attributable to Equinix $ 216,322 $ 68,339 $ 363,775 $ 224,701 Weighted-average shares used to calculate basic EPS 91,036 89,648 90,904 89,490 Effect of dilutive securities: Employee equity awards 226 456 309 534 Weighted-average shares used to calculate diluted EPS 91,262 90,104 91,213 90,024 EPS attributable to Equinix: Basic EPS $ 2.38 $ 0.76 $ 4.00 $ 2.51 Diluted EPS $ 2.37 $ 0.76 $ 3.99 $ 2.50

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of allocation of total purchase consideration	A summary of the allocation of total purchase consideration is presented as follows (in thousands): GPX India Entel Chile MainOne Final Provisional Cash and cash equivalents $ 9,406 $ — $ 33,026 Accounts receivable 4,399 — 9,431 Other current assets 8,883 12,424 22,634 Property, plant and equipment 88,130 81,132 237,988 Operating lease right-of-use assets 62 — — Intangible assets 15,408 153,489 54,800 Goodwill 77,145 380,867 117,529 Deferred tax and other assets 20 12,090 4,060 Total assets acquired 203,453 640,002 479,468 Accounts payable and accrued liabilities (1,566) (195) (19,790) Other current liabilities (1) (478) — (13,061) Operating lease liabilities (62) — — Finance lease liabilities (20,565) — — Mortgage and loans payable — — (25,944) Deferred tax and other liabilities (1) (10,317) (1,463) (142,323) Net assets acquired $ 170,465 $ 638,344 $ 278,350 (1) For the MainOne Acquisition, other current liabilities includes $9.9 million of deferred revenue - current and the other liabilities includes $95.4 million of deferred revenue - non-current.
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) Discount Rate GPX India: Customer relationships (1) $ 15,408 15.0 15.0 11.0 % Entel Chile: Customer relationships (1) 153,489 12.0 - 15.0 14.0 8.5% - 9.5% MainOne: Customer relationships (1) 51,500 10.0 - 15.0 14.0 11.5 % Trade names (2) 3,300 5.0 5.0 11.5 % (1) The fair value was estimated by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue. The rates reflect 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. (2) The fair value of the MainOne trade name was estimated using the relief from royalty method under the income approach. We applied a relief from royalty rate of 1.0%.

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Summary of classified as assets and liabilities 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 June 30, 2022 (in thousands): June 30, Operating lease right-of-use assets $ 1,976 Property, plant and equipment 66,440 Other assets 3,138 Total assets held for sale $ 71,554 Accounts payable and accrued expenses $ 290 Current portion of operating lease liabilities 1,353 Accrued property, plant and equipment 5,877 Total liabilities held for sale (1) $ 7,520 (1) Liabilities held for sale were included within other current liabilities on the condensed consolidated balance sheet.

Equity Method Investments (Tabl

Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	The following table summarizes our equity method investments (in thousands), which were included in other assets on the condensed consolidated balance sheets: Investee Ownership Percentage June 30, 2022 December 31, 2021 EMEA 1 Joint Venture with GIC 20% $ 127,008 $ 131,516 VIE Joint Ventures 20% 156,307 95,052 Other Various 18,634 18,481 Total $ 301,949 $ 245,049
Summary of the maximum exposure losses of VIE Joint Ventures	The following table summarizes our maximum exposure to loss related to the VIE Joint Ventures as of June 30, 2022 (in thousands): VIE Joint Ventures Equity Investment $ 156,307 Outstanding Receivables 16,204 Future Equity Contribution Commitments (1) 71,357 Maximum Future Payments under Debt Guarantees (2) 55,433 Total $ 299,301 (1) The joint ventures' partners are required to make additional equity contributions proportionately upon certain occurrences, such as a shortfall in capital necessary to complete certain construction phases or make interest payments on their outstanding debt. (2) In connection with our 20% equity investment in the EMEA 2 Joint Venture, we provided the lenders with our guarantees covering 20% of all payments of principal and interest due under EMEA 2 Joint Venture's credit facility agreements (see Note 11).
Summary of other related party transactions	The following table presents the revenues and expenses from these arrangements with the Joint Ventures in our condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended Related Party Nature of Transaction 2022 2021 2022 2021 EMEA 1 Joint Venture Revenues $ 18,880 $ 13,230 $ 25,182 $ 18,849 EMEA 1 Joint Venture Expenses (1) (916) 2,101 3,412 4,604 VIE Joint Ventures Revenues 13,185 12,187 20,187 14,445 (1) We have a sub-lease agreement with the EMEA 1 Joint Venture to sub-lease a portion of London ("LD") 10-2 data center or former LD10 data center, for a total of 15 years. Balances primarily consist of rent expenses for the LD10-2 data center. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our condensed consolidated balance sheets (in thousands): Related Party Balance Sheet Line Item June 30, 2022 December 31, 2021 EMEA 1 Joint Venture Receivables $ 33,399 $ 32,077 Contract Assets (1) 55,795 54,503 Finance Lease Right of Use Assets 104,842 118,817 Other Liabilities and Payables 2,277 2,483 Other Liabilities and Payables - construction obligation (2) 35,936 39,382 Deferred Revenue 15,563 16,886 Finance Lease Right of Use Liabilities 110,829 124,918 VIE Joint Ventures Receivables 16,204 29,077 Contract Assets 5,050 1,492 Payables — 1,876 (1) A portion of the contract asset balance relates to commitments to complete a residual portion of the Paris 9 data center sold to the EMEA 1 Joint Venture, which is reimbursable in full upon completion. (2) The balance primarily relates to the obligation to pay for future construction for certain sites sold as a part of the EMEA 1 Joint Venture transaction.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of net investment hedges	The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and six months ended June 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign currency debt $ 112,530 $ (23,758) $ 157,591 $ 44,982 Cross-currency interest rate swaps (included component) (1) 221,292 (23,124) 343,322 118,104 Cross-currency interest rate swaps (excluded component) (2) 3,154 15,112 (68,954) (25,417) Foreign currency forward contracts (included component) (1) 18,592 (5,264) 15,643 (4,556) Foreign currency forward contracts (excluded component) (3) (1,615) (2) (2,291) 26 Total $ 353,953 $ (37,036) $ 445,311 $ 133,139 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Six Months Ended 2022 2021 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 12,029 $ 10,566 $ 24,607 $ 20,615 Foreign currency forward contracts (excluded component) (3) Interest expense (132) 40 (163) 204 Total $ 11,897 $ 10,606 $ 24,444 $ 20,819 (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 six months ended June 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Six Months Ended 2022 2021 2022 2021 Foreign currency forward and option contracts (included component) (1) $ 28,258 $ 1,833 $ 46,580 $ 33,207 Foreign currency option contracts (excluded component) (2) — (45) — 151 Interest rate locks (350) (7,040) 50,092 (1,239) Total $ 27,908 $ (5,252) $ 96,672 $ 32,119 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency forward contracts Revenues $ 31,838 $ (16,565) $ 35,401 $ (29,534) Foreign currency forward contracts Costs and operating expenses (15,793) 8,583 (17,105) 15,787 Interest rate locks Interest Expense 350 (1,049) (726) (1,854) Total $ 16,395 $ (9,031) $ 17,570 $ (15,601) Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency option contracts (excluded component) (2) Revenues $ — $ (63) $ — $ (244) Total $ — $ (63) $ — $ (244) (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 our condensed consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Three Months Ended Six Months Ended Location of gain or (loss) 2022 2021 2022 2021 Embedded derivatives Revenues $ — $ 650 $ (568) $ 5,145 Economic hedge of embedded derivatives Revenues — (279) (983) (4,492) Foreign currency forward contracts Other income (expense) 135,087 7,975 133,617 64,775 Total $ 135,087 $ 8,346 $ 132,066 $ 65,428
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 our condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 December 31, 2021 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 61,838 $ — $ 22,866 $ 7,618 Interest rate locks — — 8,662 — Net investment hedges Cross-currency interest rate swaps 307,975 — 56,921 19,441 Foreign currency forward contracts 12,532 143 156 70 Total designated as hedging 382,345 143 88,605 27,129 Not designated as hedging instruments: Embedded derivatives — — 3,247 652 Economic hedges of embedded derivatives — — 2,232 637 Foreign currency forward contracts 62,372 4,359 83,265 5,854 Total not designated as hedging 62,372 4,359 88,744 7,143 Total Derivatives $ 444,717 $ 4,502 $ 177,349 $ 34,272 (1) As presented in our condensed consolidated balance sheets within other current assets and other assets. (2) As presented in our condensed consolidated balance sheets within other current liabilities and other liabilities.
Schedule of offsetting derivative assets and liabilities	The following table presents information related to these offsetting arrangements as of June 30, 2022 and December 31, 2021 (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 June 30, 2022 Derivative assets $ 472,123 $ — $ 472,123 $ (17,181) $ 454,942 Derivative liabilities 17,324 — 17,324 (17,181) 143 December 31, 2021 Derivative assets $ 207,037 $ — $ 207,037 $ (47,538) $ 159,499 Derivative liabilities 49,326 — 49,326 (47,538) 1,788
Schedule of offsetting derivative assets and liabilities	The following table presents information related to these offsetting arrangements as of June 30, 2022 and December 31, 2021 (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 June 30, 2022 Derivative assets $ 472,123 $ — $ 472,123 $ (17,181) $ 454,942 Derivative liabilities 17,324 — 17,324 (17,181) 143 December 31, 2021 Derivative assets $ 207,037 $ — $ 207,037 $ (47,538) $ 159,499 Derivative liabilities 49,326 — 49,326 (47,538) 1,788

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured at fair value on a recurring basis	Our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 were as follows (in thousands): As of June 30, 2022 As of December 31, 2021 Fair Value Fair Value Fair Value Fair Value Level 1 Level 2 Level 1 Level 2 Assets: Money market and deposit accounts $ 865,474 $ 865,474 $ — $ 585,681 $ 585,681 $ — Derivative instruments (1) 444,717 — 444,717 177,349 — 177,349 Total $ 1,310,191 $ 865,474 $ 444,717 $ 763,030 $ 585,681 $ 177,349 Liabilities: Derivative instruments (1) $ 4,502 $ — $ 4,502 $ 34,272 $ — $ 34,272 (1) Amounts are included within other current assets, other assets, others current liabilities and other liabilities in the condensed consolidated balance sheets.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of leases entered into during the period	The following table summarizes the significant lease transactions during the six months ended June 30, 2022 (in thousands): Renewal/Termination Options excluded Net Incremental (1) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Atlanta 1 ("AT1") data center lease extended & expansion (2) Q1 Extended lease term by 12 years with additional three 10-year renewal options Two 10-year renewal options Finance Lease $ 71,994 $ 72,549 Operating Lease (1,836) (2,391) Hong Kong 6 ("HK6") new land and building construct site Q2 New lease-15 year term 5-year renewal option Operating Lease 195,245 195,245 Hong Kong 2 ("HK2") data center lease renewal Q2 Exercised the 3-year renewal option for Phase 1 & 2 (3) Two 3-year renewal options Operating Lease 81,504 81,504 (1) The net incremental amounts represent the adjustments to the right of use ("ROU") assets and liabilities recorded during the quarter that the transactions were entered. (2) This lease had components previously classified as operating leases. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases within HK2, resulting in new lease end dates ranging from June 2030 to October 2031 from including renewal options that are reasonably certain to be exercised.
Components of lease expenses	The components of lease expenses are as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 41,105 $ 37,110 $ 81,228 $ 73,238 Interest on lease liabilities 28,357 29,823 57,244 60,016 Total finance lease cost 69,462 66,933 138,472 133,254 Operating lease cost 52,971 57,045 104,601 113,499 Variable lease cost 9,666 7,630 17,282 15,670 Total lease cost $ 132,099 $ 131,608 $ 260,355 $ 262,423 (1) Amortization of ROU assets is included with depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the condensed consolidated statements of operations.
Other information related to leases	Other information related to leases is as follows (in thousands): Six Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 55,929 $ 57,084 Operating cash flows from operating leases 96,734 152,052 Financing cash flows from finance leases 69,556 98,877 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 74,954 $ 339,486 Operating leases 313,034 50 As of June 30, 2022 As of December 31, 2021 Weighted-average remaining lease term - finance leases (2) 14 years 14 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 7 % Weighted-average discount rate - operating leases 4 % 4 % Finance lease ROU assets (3) $ 1,868,922 $ 1,875,696 (1) Represents all non-cash changes in ROU assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of June 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $776.7 million and $726.4 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Maturities of lease liabilities	Maturities of lease liabilities as of June 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (6 months remaining) $ 84,896 $ 126,980 $ 211,876 2023 186,550 236,434 422,984 2024 182,667 237,282 419,949 2025 177,235 235,170 412,405 2026 174,781 224,329 399,110 Thereafter 1,128,704 2,099,061 3,227,765 Total lease payments 1,934,833 3,159,256 5,094,089 Plus amount representing residual property value — — — Less imputed interest (502,719) (1,029,658) (1,532,377) Total $ 1,432,114 $ 2,129,598 $ 3,561,712
Maturities of lease liabilities	Maturities of lease liabilities as of June 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (6 months remaining) $ 84,896 $ 126,980 $ 211,876 2023 186,550 236,434 422,984 2024 182,667 237,282 419,949 2025 177,235 235,170 412,405 2026 174,781 224,329 399,110 Thereafter 1,128,704 2,099,061 3,227,765 Total lease payments 1,934,833 3,159,256 5,094,089 Plus amount representing residual property value — — — Less imputed interest (502,719) (1,029,658) (1,532,377) Total $ 1,432,114 $ 2,129,598 $ 3,561,712

Debt Facilities (Tables)

Debt Facilities (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of debt	As of June 30, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands): June 30, December 31, 2021 Term loans $ 627,670 $ 549,697 Mortgage payable and loans payable 61,539 68,691 689,209 618,388 Less amount representing unamortized debt discount and debt issuance cost (1,253) (354) Add amount representing unamortized mortgage premium 1,461 1,630 689,417 619,664 Less current portion (34,086) (33,087) Total $ 655,331 $ 586,577 As of June 30, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands): June 30, 2022 December 31, 2021 Amount Effective Rate Amount Effective Rate 2.625% Senior Notes due 2024 $ 1,000,000 2.79 % $ 1,000,000 2.79 % 1.250% Senior Notes due 2025 500,000 1.46 % 500,000 1.46 % 1.000% Senior Notes Due 2025 700,000 1.18 % 700,000 1.18 % 2.900% Senior Notes due 2026 600,000 3.04 % 600,000 3.04 % 1.450% Senior Notes due 2026 700,000 1.64 % 700,000 1.64 % 0.250% Euro Senior Notes due 2027 524,050 0.45 % 569,150 0.45 % 1.800% Senior Notes due 2027 500,000 1.96 % 500,000 1.96 % 1.550% Senior Notes due 2028 650,000 1.67 % 650,000 1.67 % 2.000% Senior Notes due 2028 400,000 2.21 % 400,000 2.21 % 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 % 1,100,000 2.27 % 2.500% Senior Notes due 2031 1,000,000 2.65 % 1,000,000 2.65 % 3.900% Senior Notes due 2032 1,200,000 4.07 % — — % 1.000% Euro Senior Notes due 2033 628,860 1.18 % 682,980 1.18 % 3.000% Senior Notes due 2050 500,000 3.09 % 500,000 3.09 % 2.950% Senior Notes due 2051 500,000 3.00 % 500,000 3.00 % 3.400% Senior Notes due 2052 500,000 3.50 % 500,000 3.50 % 12,202,910 11,102,130 Less amount representing unamortized debt issuance cost (125,154) (117,986) 12,077,756 10,984,144 Less current portion — — Total $ 12,077,756 $ 10,984,144
Summary of maturities of debt instruments	The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of June 30, 2022 (in thousands): Years ending: 2022 (6 months remaining) $ 29,016 2023 10,351 2024 1,009,999 2025 1,208,667 2026 1,308,202 Thereafter 9,327,345 Total $ 12,893,580
Fair value of debt instruments	The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of (in thousands): June 30, December 31, Mortgage and loans payable $ 696,708 $ 621,051 Senior notes 10,380,331 11,049,834
Schedule of interest charges incurred	The following table sets forth total interest costs incurred, and total interest costs capitalized for the periods presented (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Interest expense $ 90,826 $ 87,231 $ 170,791 $ 176,912 Interest capitalized 4,335 6,684 8,755 12,792 Interest charges incurred $ 95,161 $ 93,915 $ 179,546 $ 189,704

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of rollforward of stockholders' equity	The following tables provide a rollforward of our stockholders' equity for the three months ended June 30, 2022 and 2021 (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, 2021 90,872,826 $ 91 (301,420) $ (112,208) $ 15,984,597 $ (6,165,140) $ (1,085,751) $ 2,260,493 $ 10,882,082 $ (318) $ 10,881,764 Net income — — — — — — — 147,453 147,453 240 147,693 Other comprehensive income — — — — — — 32,837 — 32,837 3 32,840 Issuance of common stock and release of treasury stock for employee equity awards 430,973 — 11,445 4,259 39,617 — — — 43,876 — 43,876 Dividend distribution on common stock, $3.10 per share — — — — — (282,031) — — (282,031) — (282,031) Settlement of accrued dividends on vested equity awards — — — — — (497) — — (497) — (497) Accrued dividends on unvested equity awards — — — — — (2,045) — — (2,045) — (2,045) Stock-based compensation, net of estimated forfeitures — — — — 121,210 — — — 121,210 — 121,210 Balance as of March 31, 2022 91,303,799 91 (289,975) (107,949) 16,145,424 (6,449,713) (1,052,914) 2,407,946 10,942,885 (75) 10,942,810 Net income (loss) — — — — — — — 216,322 216,322 (80) 216,242 Other comprehensive loss — — — — — — (365,842) — (365,842) (35) (365,877) Issuance of common stock and release of treasury stock 36,682 — 24,609 9,157 4,882 — — — 14,039 — 14,039 Dividend distribution on common stock, $3.10 per share — — — — — (282,168) — — (282,168) — (282,168) Settlement of accrued dividends on vested equity awards — — — — — (57) — — (57) — (57) Accrued dividends on unvested equity awards — — — — — (4,400) — — (4,400) — (4,400) Stock-based compensation, net of estimated forfeitures — — — — 109,005 — — — 109,005 — 109,005 Balance as of June 30, 2022 91,340,481 $ 91 (265,366) $ (98,792) $ 16,259,311 $ (6,736,338) $ (1,418,756) $ 2,624,268 $ 10,629,784 $ (190) $ 10,629,594 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, 2020 89,462,304 $ 89 (328,052) $ (122,118) $ 15,028,357 $ (5,119,274) $ (913,368) $ 1,760,302 $ 10,633,988 $ 130 $ 10,634,118 Net income (loss) — — — — — — — 156,362 156,362 (288) 156,074 Other comprehensive loss — — — — — — (95,480) — (95,480) (1) (95,481) Issuance of common stock and release of treasury stock for employee equity awards 428,618 1 11,640 4,332 35,701 — — — 40,034 — 40,034 Dividend distribution on common stock, $2.87 per share — — — — — (256,321) — — (256,321) — (256,321) Settlement of accrued dividends on vested equity awards — — — — — (437) — — (437) — (437) Accrued dividends on unvested equity awards — — — — — (3,661) — — (3,661) — (3,661) Stock-based compensation, net of estimated forfeitures — — — — 102,349 — — — 102,349 — 102,349 Balance as of March 31, 2021 89,890,922 90 (316,412) (117,786) 15,166,407 (5,379,693) (1,008,848) 1,916,664 10,576,834 (159) 10,576,675 Net income — — — — — — — 68,339 68,339 148 68,487 Other comprehensive income — — — — — — 67,734 — 67,734 11 67,745 Issuance of common stock and release of treasury stock for employee equity awards 36,674 — 1,389 516 (516) — — — — — — Issuance of common stock under ATM Program 137,604 — — — 99,599 — — — 99,599 — 99,599 Dividend distribution on common stock, $2.87 per share — — — — — (257,199) — — (257,199) — (257,199) Settlement of accrued dividends on vested equity awards — — — — — (55) — — (55) — (55) Accrued dividends on unvested equity awards — — — — — (4,016) — — (4,016) — (4,016) Stock-based compensation, net of estimated forfeitures — — — — 95,236 — — — 95,236 — 95,236 Balance as of June 30, 2021 90,065,200 $ 90 (315,023) $ (117,270) $ 15,360,726 $ (5,640,963) $ (941,114) $ 1,985,003 $ 10,646,472 $ — $ 10,646,472
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 June 30, Foreign currency translation adjustment ("CTA") loss $ (1,068,399) $ (862,930) $ (1,931,329) Unrealized gain (loss) on cash flow hedges (1) (6,590) 84,654 78,064 Net investment hedge CTA gain (loss) (1) (9,952) 445,311 435,359 Net actuarial loss on defined benefit plans (2) (810) (40) (850) Accumulated other comprehensive loss attributable to Equinix $ (1,085,751) $ (333,005) $ (1,418,756) (1) Refer to Note 7 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income.
Schedule of stock-based compensation expense by operating expense category	The following table presents, by operating expense category, our stock-based compensation expense recognized in our condensed consolidated statements of operations (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Cost of revenues $ 11,878 $ 10,008 $ 22,321 $ 18,475 Sales and marketing 23,171 20,779 43,355 38,482 General and administrative 69,633 63,548 128,958 115,728 Total $ 104,682 $ 94,335 $ 194,634 $ 172,685

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of revenue information disaggregated by service lines and geographic areas	The following tables present revenue information disaggregated by product lines and geographic areas, (in thousands): Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 541,988 $ 433,339 $ 281,635 $ 1,256,962 $ 1,064,159 $ 847,908 $ 564,250 $ 2,476,317 Interconnection 187,491 66,845 60,841 315,177 368,594 134,985 120,828 624,407 Managed infrastructure 55,329 30,447 19,916 105,692 104,551 61,437 40,558 206,546 Other (1) 5,581 22,048 1,991 29,620 10,715 28,462 3,328 42,505 Recurring revenues 790,389 552,679 364,383 1,707,451 1,548,019 1,072,792 728,964 3,349,775 Non-recurring revenues 40,475 46,522 22,706 109,703 83,266 76,889 41,671 201,826 Total $ 830,864 $ 599,201 $ 387,089 $ 1,817,154 $ 1,631,285 $ 1,149,681 $ 770,635 $ 3,551,601 (1) Includes some leasing and hedging activities. Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 497,659 $ 398,703 $ 259,573 $ 1,155,935 $ 985,118 $ 786,978 $ 514,131 $ 2,286,227 Interconnection 167,618 65,258 54,898 287,774 332,505 126,908 108,080 567,493 Managed infrastructure 40,734 31,176 22,094 94,004 79,219 63,287 44,843 187,349 Other (1) 451 3,682 616 4,749 2,489 8,728 1,109 12,326 Recurring revenues 706,462 498,819 337,181 1,542,462 1,399,331 985,901 668,163 3,053,395 Non-recurring revenues 44,181 39,110 32,166 115,457 77,252 70,745 52,591 200,588 Total $ 750,643 $ 537,929 $ 369,347 $ 1,657,919 $ 1,476,583 $ 1,056,646 $ 720,754 $ 3,253,983 (1) Includes some leasing and hedging activities.
Schedule of adjusted EBITDA	We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Adjusted EBITDA: Americas $ 376,224 $ 325,924 $ 732,779 $ 670,416 EMEA 295,382 262,526 555,727 506,089 Asia-Pacific 188,726 208,827 371,538 394,004 Total adjusted EBITDA 860,332 797,277 1,660,044 1,570,509 Depreciation, amortization and accretion expense (432,828) (417,758) (869,214) (812,076) Stock-based compensation expense (104,682) (94,335) (194,634) (172,685) Transaction costs (5,063) (6,985) (9,303) (8,167) Gain (loss) on asset sales 94 455 (1,724) (1,265) Interest income 4,508 374 6,614 1,103 Interest expense (90,826) (87,231) (170,791) (176,912) Other expense (6,238) (39,377) (15,787) (46,327) Gain (loss) on debt extinguishment (420) (102,460) 109 (115,518) Income before income taxes $ 224,877 $ 49,960 $ 405,314 $ 238,662
Segment disclosures	We also provide the following additional segment disclosures (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Depreciation and amortization: Americas $ 229,223 $ 222,134 $ 458,932 $ 425,567 EMEA 115,619 115,162 230,673 225,941 Asia-Pacific 88,428 78,945 179,005 159,750 Total $ 433,270 $ 416,241 $ 868,610 $ 811,258 Capital expenditures: Americas $ 225,102 $ 250,342 $ 410,148 $ 455,516 EMEA 197,824 252,802 360,327 488,218 Asia-Pacific 61,904 189,088 126,873 312,096 Total $ 484,830 $ 692,232 $ 897,348 $ 1,255,830
Segment long-lived assets	Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, located in the following geographic areas as of (in thousands): June 30, December 31, Americas $ 7,012,690 $ 6,777,174 EMEA 5,114,182 5,125,341 Asia-Pacific 3,328,308 3,543,260 Total property, plant and equipment, net $ 15,455,180 $ 15,445,775 Americas $ 281,443 $ 297,300 EMEA 438,353 470,330 Asia-Pacific 733,437 514,788 Total operating lease right-of-use assets $ 1,453,233 $ 1,282,418

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Narrative (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	May 02, 2022 center	Apr. 01, 2022 center	Sep. 01, 2021 center
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate, continuing operations	10.20%	5.90%
EMEA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrecognized tax benefits | $	$ 41.4
EMEA and Asia-Pacific
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrecognized tax benefits, reversal | $		$ 72
GPX India
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Data centers purchased | center					2
MainOne
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Data centers purchased | center				4
Entel
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Data centers purchased | center			4
Metronode
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrecognized tax benefits, resulting from pre-acquisition uncertain tax position | $	$ 33.6

Revenue - Opening and Closing B

Revenue - Opening and Closing Balances (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 812,769	$ 681,809
Increase in accounts receivables	130,960
Contract assets, current	66,693	65,392
Increase in contract asset, current	1,301
Contract assets, non-current	61,290	55,486
Increase in contract asset, non-current	5,804
Deferred revenue, current	128,461	109,736
Increase in deferred revenue, current	18,725
Deferred revenue, non-current	162,024	$ 87,495
Increase in deferred revenue, non-current	$ 74,529

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, revenue recognized	$ 51.8
Revenue, remaining performance obligation	$ 9,500
Renewal term	1 year
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	1 year
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	2 years
Revenue, remaining performance obligation, percentage	70%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	3 years
Revenue, remaining performance obligation, percentage	30%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 216,242	$ 147,693	$ 68,487	$ 156,074	$ 363,935	$ 224,561
Net (income) loss attributable to non-controlling interests	80		(148)		(160)	140
Net income attributable to Equinix	$ 216,322		$ 68,339		$ 363,775	$ 224,701
Weighted-average shares used to calculate basic EPS (in shares)	91,036		89,648		90,904	89,490
Effect of dilutive securities:
Employee equity awards (in shares)	226		456		309	534
Weighted-average shares used to calculate diluted EPS (in shares)	91,262		90,104		91,213	90,024
Basic EPS (in dollars per share)	$ 2.38		$ 0.76		$ 4	$ 2.51
Diluted EPS (in dollars per share)	$ 2.37		$ 0.76		$ 3.99	$ 2.50

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Earnings Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Anti-dilutive potential shares of common stock excluded from computation of earnings per share (in shares)	409	248	393	199

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Detail) S/ in Millions, $ in Millions, ₨ in Billions							3 Months Ended	6 Months Ended	18 Months Ended
	May 02, 2022 USD ($) center	Apr. 29, 2022 PEN (S/)	Apr. 29, 2022 USD ($)	Apr. 01, 2022 USD ($) center	Sep. 01, 2021 USD ($) center	Sep. 01, 2021 INR (₨) center	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 acquisition
Business Acquisition [Line Items]
Number of acquisitions | acquisition									3
Entel Peru
Business Acquisition [Line Items]
Consideration transferred		S/ 270.8	$ 70.7
Entel Chile
Business Acquisition [Line Items]
Consideration transferred | $	$ 638.3
Data centers purchased | center	4
MainOne
Business Acquisition [Line Items]
Data centers purchased | center				4
Cash consideration for acquisition | $				$ 278.4
GPX India
Business Acquisition [Line Items]
Data centers purchased | center					2	2
Cash consideration for acquisition					$ 170.5	₨ 12.5
Entel Chile and MainOne Acquisitions
Business Acquisition [Line Items]
Revenues | $							$ 27	$ 27

Acquisitions - Preliminary Purc

Acquisitions - Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	May 02, 2022	Apr. 01, 2022	Dec. 31, 2021	Sep. 01, 2021
Allocation of purchase price consideration
Goodwill	$ 5,585,330			$ 5,372,071
GPX India
Allocation of purchase price consideration
Cash and cash equivalents					$ 9,406
Accounts receivable					4,399
Other current assets					8,883
Property, plant and equipment					88,130
Operating lease right-of-use assets					62
Intangible assets					15,408
Goodwill					77,145
Deferred tax and other assets					20
Total assets acquired					203,453
Accounts payable and accrued liabilities					(1,566)
Other current liabilities					(478)
Operating lease liabilities					(62)
Finance lease liabilities					(20,565)
Mortgage and loans payable					0
Deferred tax and other liabilities					(10,317)
Net assets acquired					$ 170,465
Entel Chile
Allocation of purchase price consideration
Cash and cash equivalents		$ 0
Accounts receivable		0
Other current assets		12,424
Property, plant and equipment		81,132
Operating lease right-of-use assets		0
Intangible assets		153,489
Goodwill		380,867
Deferred tax and other assets		12,090
Total assets acquired		640,002
Accounts payable and accrued liabilities		(195)
Other current liabilities		0
Operating lease liabilities		0
Finance lease liabilities		0
Mortgage and loans payable		0
Deferred tax and other liabilities		(1,463)
Net assets acquired		$ 638,344
MainOne
Allocation of purchase price consideration
Cash and cash equivalents			$ 33,026
Accounts receivable			9,431
Other current assets			22,634
Property, plant and equipment			237,988
Operating lease right-of-use assets			0
Intangible assets			54,800
Goodwill			117,529
Deferred tax and other assets			4,060
Total assets acquired			479,468
Accounts payable and accrued liabilities			(19,790)
Other current liabilities			(13,061)
Operating lease liabilities			0
Finance lease liabilities			0
Mortgage and loans payable			(25,944)
Deferred tax and other liabilities			(142,323)
Net assets acquired			278,350
Deferred revenue, current			9,900
Deferred revenue, noncurrent			$ 95,400

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets (Details) $ in Thousands	May 02, 2022 USD ($)	Apr. 01, 2022 USD ($)	Sep. 01, 2021 USD ($)
Customer relationships | GPX India
Business Acquisition [Line Items]
Fair Value			$ 15,408
Estimated Useful Lives (Years)			15 years
Weighted-average Estimated Useful Lives (Years)			15 years
Customer relationships | GPX India | Discount Rate
Business Acquisition [Line Items]
Measurement input			0.110
Customer relationships | Entel Chile
Business Acquisition [Line Items]
Fair Value	$ 153,489
Weighted-average Estimated Useful Lives (Years)	14 years
Customer relationships | Entel Chile | Minimum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)	12 years
Customer relationships | Entel Chile | Maximum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)	15 years
Customer relationships | Entel Chile | Discount Rate | Minimum
Business Acquisition [Line Items]
Measurement input	0.085
Customer relationships | Entel Chile | Discount Rate | Maximum
Business Acquisition [Line Items]
Measurement input	0.095
Customer relationships | MainOne
Business Acquisition [Line Items]
Fair Value		$ 51,500
Weighted-average Estimated Useful Lives (Years)		14 years
Customer relationships | MainOne | Minimum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)		10 years
Customer relationships | MainOne | Maximum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)		15 years
Customer relationships | MainOne | Discount Rate
Business Acquisition [Line Items]
Measurement input		0.115
Trade names | MainOne
Business Acquisition [Line Items]
Fair Value		$ 3,300
Estimated Useful Lives (Years)		5 years
Weighted-average Estimated Useful Lives (Years)		5 years
Trade names | MainOne | Discount Rate
Business Acquisition [Line Items]
Measurement input		0.115
Trade names | MainOne | Measurement Input, Royalty Rate
Business Acquisition [Line Items]
Measurement input		0.010

Assets Held for Sale - Narrativ

Assets Held for Sale - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Equity method investments	$ 301,949		$ 245,049
EMEA 2 Joint Venture | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Warsaw 4 ("WA4") Data Center Site
Long Lived Assets Held-for-sale [Line Items]
Term of transaction (in years)	2 years
Consideration	$ 61,500
Asia-Pacific 2 Joint Venture
Long Lived Assets Held-for-sale [Line Items]
Ownership percentage		20%
Equity method investments		$ 29,800
Asia-Pacific 2 Joint Venture | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Sydney 9 ("SY9") Data Center Site
Long Lived Assets Held-for-sale [Line Items]
Consideration		201,300
Proceeds from sale of data centers		165,600
Receivables acquired in sale of asset		$ 5,900

Assets Held for Sale - Assets a

Assets Held for Sale - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Operating lease right-of-use assets	$ 1,453,233	$ 1,282,418
Property, plant and equipment	15,455,180	15,445,775
Other assets	1,272,090	926,066
Total assets	29,038,214	27,918,698
Accounts payable and accrued expenses	841,473	879,144
Current portion of operating lease liabilities	140,667	144,029
Accrued property, plant and equipment	244,267	187,334
Total liabilities	18,408,620	$ 17,036,934
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations | MX3 Data Centers to be Sold
Long Lived Assets Held-for-sale [Line Items]
Operating lease right-of-use assets	1,976
Property, plant and equipment	66,440
Other assets	3,138
Total assets	71,554
Accounts payable and accrued expenses	290
Current portion of operating lease liabilities	1,353
Accrued property, plant and equipment	5,877
Total liabilities	$ 7,520

Equity Method Investments - Sch

Equity Method Investments - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 301,949	$ 245,049
EMEA 1 Joint Venture
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 127,008	131,516
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 156,307	95,052
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 18,634	$ 18,481

Equity Method Investments - Nar

Equity Method Investments - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Apr. 06, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 301,949		$ 245,049
EMEA 1 Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 127,008		$ 131,516
Ownership Percentage	20%
EMEA 1 Joint Venture | Equity Contribution Commitment
Schedule of Equity Method Investments [Line Items]
Equity contribution commitment	$ 33,000
Asia-Pacific 3 Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 17,000
Ownership Percentage		20%

Equity Method Investments - S_2

Equity Method Investments - Schedule of Maximum Exposure Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Equity investment	$ 301,949	$ 245,049
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Equity investment	156,307	$ 95,052
Outstanding receivables	16,204
Future equity contribution commitments	71,357
Total	$ 299,301
Ownership Percentage	20%
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary | EMEA 2 Joint Venture Credit Facility
Variable Interest Entity [Line Items]
Maximum future payments under debt guarantees	$ 55,433
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership Percentage	20%
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary | EMEA 2 Joint Venture Credit Facility
Variable Interest Entity [Line Items]
Maximum future payments under debt guarantees	$ 55,400
Percentage guarantee on debt payments	0.20

Equity Method Investments - Sum

Equity Method Investments - Summary of Gains (Losses) of Joint Venture Arrangements (Details) - Joint Venture - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
EMEA 1 Joint Venture
Related Party Transaction [Line Items]
Revenues	$ 18,880	$ 13,230	$ 25,182	$ 18,849
Expenses	(916)	2,101	$ 3,412	4,604
EMEA 1 Joint Venture | Sublease, Equinix's London 10-2 Data Center
Related Party Transaction [Line Items]
Sublease, lease term (in years)			15 years
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Related Party Transaction [Line Items]
Revenues	$ 13,185	$ 12,187	$ 20,187	$ 14,445

Equity Method Investments - S_3

Equity Method Investments - Summary of Assets and Liabilities from Related Party Transactions with the Joint Ventures (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Finance Lease Right of Use Assets	$ 1,868,922	$ 1,875,696
Finance Lease Right of Use Liabilities	2,129,598
Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Related Party Transaction [Line Items]
Receivables	16,204	29,077
Contract Assets	5,050	1,492
Payables	0	1,876
EMEA 1 Joint Venture | Joint Venture
Related Party Transaction [Line Items]
Receivables	33,399	32,077
Contract Assets	55,795	54,503
Finance Lease Right of Use Assets	104,842	118,817
Other Liabilities and Payables	2,277	2,483
Other liabilities and payables - construction obligation	35,936	39,382
Deferred Revenue	15,563	16,886
Finance Lease Right of Use Liabilities	$ 110,829	$ 124,918

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Narrative (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Designated as hedging instruments: | Cross Currency Interest Rate Contract
Derivative [Line Items]
Derivative, notional amount	$ 3,900,000,000	$ 4,000,000,000
Not designated as hedging instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative, notional amount	3,000,000,000	3,300,000,000
Net investment hedges | Designated as hedging instruments:
Derivative [Line Items]
Derivative, notional amount	1,800,000,000	1,500,000,000
Net investment hedges | Designated as hedging instruments: | Foreign Exchange Forward
Derivative [Line Items]
Derivative, notional amount	373,400,000	375,700,000
Cash flow hedges | Foreign currency forward and option contracts
Derivative [Line Items]
Derivative, notional amount	631,800,000	831,200,000
Net gain (loss) to be reclassified within the next 12 months, Foreign Currency Cash Flow Hedge	57,500,000	13,300,000
Cash flow hedges | Interest rate locks
Derivative [Line Items]
Derivative, notional amount	0	800,000,000
Derivative, notional aggregate amount settled	800,000,000
Net gain (loss) to be reclassified within the next 12 months, Interest Rate Cash Flow Hedge	$ 1,400,000	$ (3,900,000)

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Net investment Hedges (Details) - Net investment hedges - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Total	$ 353,953	$ (37,036)	$ 445,311	$ 133,139
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income:	11,897	10,606	24,444	20,819
Foreign currency debt
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	112,530	(23,758)	157,591	44,982
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)	221,292	(23,124)	343,322	118,104
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	3,154	15,112	(68,954)	(25,417)
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:	12,029	10,566	24,607	20,615
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)	18,592	(5,264)	15,643	(4,556)
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	(1,615)	(2)	(2,291)	26
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:	$ (132)	$ 40	$ (163)	$ 204

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Cash Flow Hedges (Details) - Cash flow hedges - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	$ 27,908	$ (5,252)	$ 96,672	$ 32,119
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	16,395	(9,031)	17,570	(15,601)
Amount of gain or (loss) excluded from effectiveness testing included in income:	0	(63)	0	(244)
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:	28,258	1,833	46,580	33,207
Foreign currency option
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency option contracts (excluded component)	0	(45)	0	151
Foreign currency option | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) excluded from effectiveness testing included in income:	0	(63)	0	(244)
Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(350)	(7,040)	50,092	(1,239)
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:	350	(1,049)	(726)	(1,854)
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:	31,838	(16,565)	35,401	(29,534)
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:	$ (15,793)	$ 8,583	$ (17,105)	$ 15,787

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ 135,087	$ 8,346	$ 132,066	$ 65,428
Embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	650	(568)	5,145
Economic hedge of embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	(279)	(983)	(4,492)
Foreign currency forward contracts | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ 135,087	$ 7,975	$ 133,617	$ 64,775

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 444,717	$ 177,349
Liabilities	4,502	34,272
Designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	382,345	88,605
Liabilities	143	27,129
Designated as hedging instruments: | Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	61,838	22,866
Liabilities	0	7,618
Designated as hedging instruments: | Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0	8,662
Liabilities	0	0
Designated as hedging instruments: | Cross-currency interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	307,975	56,921
Liabilities	0	19,441
Designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	12,532	156
Liabilities	143	70
Not designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	62,372	88,744
Liabilities	4,359	7,143
Not designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	62,372	83,265
Liabilities	4,359	5,854
Not designated as hedging instruments: | Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0	3,247
Liabilities	0	652
Not designated as hedging instruments: | Economic hedge of embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0	2,232
Liabilities	$ 0	$ 637

Derivatives and Hedging Activ_8

Derivatives and Hedging Activities - Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative assets
Gross Amounts	$ 472,123	$ 207,037
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	472,123	207,037
Gross Amounts not Offset in the Balance Sheet	(17,181)	(47,538)
Net	454,942	159,499
Derivative liabilities
Gross Amounts	17,324	49,326
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	17,324	49,326
Gross Amounts not Offset in the Balance Sheet	(17,181)	(47,538)
Net	$ 143	$ 1,788

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets:
Derivative instruments	$ 444,717	$ 177,349
Total financial assets	1,310,191	763,030
Liabilities:
Derivative instruments	4,502	34,272
Money market and deposit accounts
Assets:
Cash and cash equivalents	865,474	585,681
Level 1
Assets:
Derivative instruments	0	0
Total financial assets	865,474	585,681
Liabilities:
Derivative instruments	0	0
Level 1 | Money market and deposit accounts
Assets:
Cash and cash equivalents	865,474	585,681
Level 2
Assets:
Derivative instruments	444,717	177,349
Total financial assets	444,717	177,349
Liabilities:
Derivative instruments	4,502	34,272
Level 2 | Money market and deposit accounts
Assets:
Cash and cash equivalents	$ 0	$ 0

Leases - Significant Lease Tran

Leases - Significant Lease Transactions (Detail) $ in Thousands	Jun. 30, 2022 USD ($) option	Mar. 31, 2022 USD ($) option	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Finance lease ROU assets	$ 1,868,922		$ 1,875,696
Finance lease ROU liabilities	2,129,598
Operating lease ROU assets	1,453,233		$ 1,282,418
Operating lease ROU liabilities	1,432,114
Atlanta 1 ("AT1") data center lease extended & expansion
Lessee, Lease, Description [Line Items]
Finance lease ROU assets		$ 71,994
Finance lease ROU liabilities		72,549
Operating lease ROU assets		(1,836)
Operating lease ROU liabilities		$ (2,391)
Operating and finance lease term (in years)		12 years
Operating and finance lease, number of additional renewal options | option		3
Operating and finance lease renewal term (in years)		10 years
Operating and finance lease, number of renewal options | option		2
Hong Kong 6 ("HK6") new land and building construct site
Lessee, Lease, Description [Line Items]
Operating lease ROU assets	195,245
Operating lease ROU liabilities	$ 195,245
Operating lease, term of contract (in years)	15 years
Operating lease, renewal term (in years)	5 years
Hong Kong 2 ("HK2") data center lease renewal
Lessee, Lease, Description [Line Items]
Operating lease ROU assets	$ 81,504
Operating lease ROU liabilities	$ 81,504
Operating lease, renewal term (in years)	3 years
Operating lease, number of renewal options | option	2

Leases - Lease Expenses (Detail

Leases - Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Finance lease cost
Amortization of ROU assets	$ 41,105	$ 37,110	$ 81,228	$ 73,238
Interest on lease liabilities	28,357	29,823	57,244	60,016
Total finance lease cost	69,462	66,933	138,472	133,254
Operating lease cost	52,971	57,045	104,601	113,499
Variable lease cost	9,666	7,630	17,282	15,670
Total lease cost	$ 132,099	$ 131,608	$ 260,355	$ 262,423

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$ 55,929	$ 57,084
Operating cash flows from operating leases	96,734	152,052
Financing cash flows from finance leases	69,556	98,877
Right-of-use assets obtained in exchange for lease obligations
Finance leases	74,954	339,486
Operating leases	$ 313,034	$ 50
Weighted-average remaining lease term - finance leases	14 years		14 years
Weighted-average remaining lease term - operating leases	12 years		12 years
Weighted-average discount rate - finance leases	6%		7%
Weighted-average discount rate - operating leases	4%		4%
Finance Lease Right of Use Assets	$ 1,868,922		$ 1,875,696
Accumulated amortization, finance lease, right-of-use asset	$ 776,700		$ 726,400

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Operating Leases
2022 (6 months remaining)	$ 84,896
2023	186,550
2024	182,667
2025	177,235
2026	174,781
Thereafter	1,128,704
Total lease payments	1,934,833
Plus amount representing residual property value	0
Less imputed interest	(502,719)
Total	1,432,114
Finance Leases
2022 (6 months remaining)	126,980
2023	236,434
2024	237,282
2025	235,170
2026	224,329
Thereafter	2,099,061
Total lease payments	3,159,256
Plus amount representing residual property value	0
Less imputed interest	(1,029,658)
Total	2,129,598
Total
2022 (6 months remaining)	211,876
2023	422,984
2024	419,949
2025	412,405
2026	399,110
Thereafter	3,227,765
Total lease payments	5,094,089
Plus amount representing residual property value	0
Less imputed interest	(1,532,377)
Total	3,561,712
Lessee, Lease, Description [Line Items]
Operating and finance leases not yet commenced, liability	$ 557,900
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	27 years

Debt Facilities - Mortgage and

Debt Facilities - Mortgage and Loans Payable (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Loans payable, gross	$ 689,209	$ 618,388
Less amount representing unamortized debt discount and debt issuance cost	(1,253)	(354)
Loans payable current and non current	689,417	619,664
Less current portion	(34,086)	(33,087)
Loans payable, noncurrent	655,331	586,577
Term loans
Debt Instrument [Line Items]
Loans payable, gross	627,670	549,697
Mortgage payable and other loans payable
Debt Instrument [Line Items]
Loans payable, gross	61,539	68,691
Mortgage
Debt Instrument [Line Items]
Add amount representing unamortized mortgage premium	$ 1,461	$ 1,630

Debt Facilities - Additional In

Debt Facilities - Additional Information (Details) € in Millions, £ in Millions						3 Months Ended			6 Months Ended
	Jan. 07, 2022 USD ($)	Jan. 07, 2022 GBP (£)	Jun. 02, 2021 USD ($)	May 17, 2021 USD ($)	Mar. 24, 2021 USD ($)	Jun. 30, 2022 USD ($) credit	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) credit	Jun. 30, 2021 USD ($)	Apr. 05, 2022 USD ($)	Jan. 07, 2022 GBP (£)	Dec. 31, 2021 USD ($)	May 15, 2021 USD ($)	Mar. 15, 2021 USD ($)	Mar. 10, 2021 USD ($)	Mar. 10, 2021 EUR (€)	Dec. 31, 2017 USD ($)
Debt Instrument [Line Items]
Amount outstanding under the Term Loan Facility, net						$ 12,893,580,000			$ 12,893,580,000
Gain (loss) on debt extinguishment						(420,000)	$ (102,460,000)		109,000	$ (115,518,000)
Amount of debt discounts and debt issuance costs						1,253,000			1,253,000				$ 354,000
Interest paid, net of capitalized interest						101,900,000	$ 122,000,000		$ 201,500,000	$ 216,900,000
Line of Credit | 2017 Senior Credit Facility
Debt Instrument [Line Items]
Borrowing capacity																		$ 3,000,000,000
Line of Credit | 2022 Senior Credit Facility | Minimum
Debt Instrument [Line Items]
Quarterly facility fee percentage									0.07%
Line of Credit | 2022 Senior Credit Facility | Maximum
Debt Instrument [Line Items]
Quarterly facility fee percentage									0.25%
Line of Credit | 2022 Senior Credit Facility | SOFR | Minimum
Debt Instrument [Line Items]
Variable rate (percent)									0.555%
Line of Credit | 2022 Senior Credit Facility | SOFR | Maximum
Debt Instrument [Line Items]
Variable rate (percent)									1.20%
Line of Credit | 2022 Senior Credit Facility | SONIA | Minimum
Debt Instrument [Line Items]
Variable rate (percent)									0.625%
Line of Credit | 2022 Senior Credit Facility | SONIA | Maximum
Debt Instrument [Line Items]
Variable rate (percent)									1.45%
Senior Notes
Debt Instrument [Line Items]
Debt issuance cost, net						125,154,000			$ 125,154,000				117,986,000
Amount outstanding under the Term Loan Facility, net						$ 12,077,756,000			$ 12,077,756,000				10,984,144,000
Senior Notes | 0.250% Euro Senior Notes due 2027
Debt Instrument [Line Items]
Aggregate principal debt amount issued																$ 594,900,000	€ 500
Interest rate (percent)						0.25%			0.25%							0.25%	0.25%
Amount of debt discounts and debt issuance costs															$ 7,000,000
Senior Notes | 1.000% Euro Senior Notes due 2033
Debt Instrument [Line Items]
Aggregate principal debt amount issued																$ 713,800,000	€ 600
Interest rate (percent)						1%			1%							1%	1%
Amount of debt discounts and debt issuance costs															$ 14,100,000
Senior Notes | 2.875% Euro Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate (percent)					2.875%
Redemption of senior debt					$ 590,700,000
Gain (loss) on debt extinguishment								$ (13,200,000)
Redemption premium								8,500,000
Write off of unamortized debt issuance								$ 4,700,000
Senior Notes | 1.450% Senior Notes due 2026
Debt Instrument [Line Items]
Aggregate principal debt amount issued				$ 700,000,000
Interest rate (percent)				1.45%		1.45%			1.45%
Amount of debt discounts and debt issuance costs														$ 6,400,000
Senior Notes | 2.000% Senior Notes due 2028
Debt Instrument [Line Items]
Aggregate principal debt amount issued				$ 400,000,000
Interest rate (percent)				2%		2%			2%
Amount of debt discounts and debt issuance costs														5,300,000
Senior Notes | 2.500% Senior Notes due 2031
Debt Instrument [Line Items]
Aggregate principal debt amount issued				$ 1,000,000,000
Interest rate (percent)				2.50%		2.50%			2.50%
Amount of debt discounts and debt issuance costs														13,000,000
Senior Notes | 3.400% Senior Notes due 2052
Debt Instrument [Line Items]
Aggregate principal debt amount issued				$ 500,000,000
Interest rate (percent)				3.40%		3.40%			3.40%
Amount of debt discounts and debt issuance costs														$ 9,300,000
Senior Notes | 5.375% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate (percent)			5.375%
Gain (loss) on debt extinguishment			$ (100,600,000)
Redemption premium			90,700,000
Write off of unamortized debt issuance			$ 9,900,000
Senior Notes | 3.900% Senior Notes due 2032
Debt Instrument [Line Items]
Aggregate principal debt amount issued											$ 1,200,000,000
Interest rate (percent)						3.90%			3.90%		3.90%
Amount of debt discounts and debt issuance costs											$ 16,300,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Amount available to borrow						$ 3,900,000,000			$ 3,900,000,000
Revolving Credit Facility | Line of Credit | 2017 Senior Credit Facility
Debt Instrument [Line Items]
Borrowing capacity																		2,000,000,000
Revolving Credit Facility | Line of Credit | 2022 Senior Credit Facility
Debt Instrument [Line Items]
Borrowing capacity	$ 4,000,000,000
Debt issuance cost, net	6,500,000
Term Loan Facility | JPY Term Loan
Debt Instrument [Line Items]
Repayments of debt				$ 374,500,000
Term Loan Facility | SEK Term Loan
Debt Instrument [Line Items]
Repayments of debt				$ 285,400,000
Term Loan Facility | Line of Credit
Debt Instrument [Line Items]
Amount outstanding under the Term Loan Facility, net						$ 608,000,000			$ 608,000,000				$ 549,300,000
Term Loan Facility | Line of Credit | 2017 Senior Credit Facility
Debt Instrument [Line Items]
Borrowing capacity																		1,000,000,000
Repayments of debt	549,600,000
Term Loan Facility | Line of Credit | JPY Term Loan
Debt Instrument [Line Items]
Aggregate principal debt amount issued																		$ 424,700,000
Term Loan Facility | Line of Credit | 2022 Senior Credit Facility
Debt Instrument [Line Items]
Borrowing capacity | £												£ 500
Debt issuance cost, net	800,000
Proceeds from lines of credit	$ 676,900,000	£ 500
Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Numbers of letters of credit outstanding | credit						43			43
Letters of credit outstanding, amount						$ 104,700,000			$ 104,700,000

Debt Facilities - Senior Notes

Debt Facilities - Senior Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Apr. 05, 2022	Dec. 31, 2021	May 17, 2021	Mar. 10, 2021
Debt Instrument [Line Items]
Total long term debt	$ 12,893,580
Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	12,202,910		$ 11,102,130
Less amount representing unamortized debt issuance cost	(125,154)		(117,986)
Total long term debt	12,077,756		10,984,144
Less current portion	0		0
Total	12,077,756		10,984,144
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%
Interest rate (percent)	2.625%
Senior Notes | 1.250% Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	1.46%		1.46%
Interest rate (percent)	1.25%
Senior Notes | 1.000% Senior Notes Due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 700,000		$ 700,000
Effective interest rate	1.18%		1.18%
Interest rate (percent)	1%
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%
Interest rate (percent)	2.90%
Senior Notes | 1.450% Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 700,000		$ 700,000
Effective interest rate	1.64%		1.64%
Interest rate (percent)	1.45%			1.45%
Senior Notes | 0.250% Euro Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 524,050		$ 569,150
Effective interest rate	0.45%		0.45%
Interest rate (percent)	0.25%				0.25%
Senior Notes | 1.800% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	1.96%		1.96%
Interest rate (percent)	1.80%
Senior Notes | 1.550% Senior Notes due 2028
Debt Instrument [Line Items]
Long term debt, gross	$ 650,000		$ 650,000
Effective interest rate	1.67%		1.67%
Interest rate (percent)	1.55%
Senior Notes | 2.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long term debt, gross	$ 400,000		$ 400,000
Effective interest rate	2.21%		2.21%
Interest rate (percent)	2%			2%
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%
Interest rate (percent)	3.20%
Senior Notes | 2.150% Senior Notes due 2030
Debt Instrument [Line Items]
Long term debt, gross	$ 1,100,000		$ 1,100,000
Effective interest rate	2.27%		2.27%
Interest rate (percent)	2.15%
Senior Notes | 2.500% Senior Notes due 2031
Debt Instrument [Line Items]
Long term debt, gross	$ 1,000,000		$ 1,000,000
Effective interest rate	2.65%		2.65%
Interest rate (percent)	2.50%			2.50%
Senior Notes | 3.900% Senior Notes due 2032
Debt Instrument [Line Items]
Long term debt, gross	$ 1,200,000
Effective interest rate	4.07%		0%
Interest rate (percent)	3.90%	3.90%
Senior Notes | 1.000% Euro Senior Notes due 2033
Debt Instrument [Line Items]
Long term debt, gross	$ 628,860		$ 682,980
Effective interest rate	1.18%		1.18%
Interest rate (percent)	1%				1%
Senior Notes | 3.000% Senior Notes due 2050
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3.09%		3.09%
Interest rate (percent)	3%
Senior Notes | 2.950% Senior Notes due 2051
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3%		3%
Interest rate (percent)	2.95%
Senior Notes | 3.400% Senior Notes due 2052
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3.50%		3.50%
Interest rate (percent)	3.40%			3.40%

Debt Facilities - Summary of Ma

Debt Facilities - Summary of Maturities of Debt Instruments (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2022 (6 months remaining)	$ 29,016
2023	10,351
2024	1,009,999
2025	1,208,667
2026	1,308,202
Thereafter	9,327,345
Total long term debt	$ 12,893,580

Debt Facilities - Fair Value of

Debt Facilities - Fair Value of Debt Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Mortgage and loans payable	$ 696,708	$ 621,051
Senior notes	$ 10,380,331	$ 11,049,834

Debt Facilities - Interest Char

Debt Facilities - Interest Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Interest expense	$ 90,826	$ 87,231	$ 170,791	$ 176,912
Interest capitalized	4,335	6,684	8,755	12,792
Interest charges incurred	$ 95,161	$ 93,915	$ 179,546	$ 189,704

Commitments and Contingencies (

Commitments and Contingencies (Detail)	Jun. 30, 2022 USD ($)
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Other Commitments [Line Items]
Ownership percentage	20%
EMEA 2 Joint Venture | EMEA 2 Joint Venture Credit Facility | Variable Interest Entity, Not Primary Beneficiary
Other Commitments [Line Items]
Borrowing capacity	$ 1,400,000,000
Percentage guarantee on debt payments	0.20
Maximum guarantee under credit facility arrangement	$ 302,200,000
Maximum future payments under debt guarantees	55,400,000
Indemnification Agreement
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Indemnification Agreement Two
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Indemnification Agreement Three
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Service Level Credits Agreement
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Capital expenditures
Other Commitments [Line Items]
Purchase commitments	1,500,000,000
Miscellaneous purchase commitments
Other Commitments [Line Items]
Purchase commitments	$ 1,600,000,000

Stockholders' Equity - Rollforw

Stockholders' Equity - Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)		90,571,406			90,571,406
Beginning balance	$ 10,942,810	$ 10,881,764	$ 10,576,675	$ 10,634,118	$ 10,881,764	$ 10,634,118
Beginning balance (in shares)		(301,420)			(301,420)
Net income (loss)	216,242	$ 147,693	68,487	156,074	$ 363,935	224,561
Other comprehensive income (loss)	(365,877)	32,840	67,745	(95,481)	$ (333,037)	(27,736)
Issuance of common stock and release of treasury stock	14,039
Issuance of common stock and release of treasury stock for employee equity awards		43,876	0	40,034
Dividend distribution on common stock	(282,168)	(282,031)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(57)	(497)	(55)	(437)
Accrued dividends on unvested equity awards	(4,400)	(2,045)	(4,016)	(3,661)
Stock-based compensation, net of estimated forfeitures	$ 109,005	121,210	95,236	102,349
Ending balance (in shares)	91,075,115				91,075,115
Ending balance	$ 10,629,594	10,942,810	10,646,472	10,576,675	$ 10,629,594	10,646,472
Ending balance (in shares)	(265,366)				(265,366)
ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			99,599
Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 10,942,885	10,882,082	10,576,834	10,633,988	$ 10,882,082	10,633,988
Net income (loss)	216,322	147,453	68,339	156,362
Other comprehensive income (loss)	(365,842)	32,837	67,734	(95,480)
Issuance of common stock and release of treasury stock	14,039
Issuance of common stock and release of treasury stock for employee equity awards		43,876		40,034
Dividend distribution on common stock	(282,168)	(282,031)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(57)	(497)	(55)	(437)
Accrued dividends on unvested equity awards	(4,400)	(2,045)	(4,016)	(3,661)
Stock-based compensation, net of estimated forfeitures	109,005	121,210	95,236	102,349
Ending balance	$ 10,629,784	$ 10,942,885	10,646,472	$ 10,576,834	$ 10,629,784	$ 10,646,472
Equinix Stockholders' Equity | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			$ 99,599
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	91,303,799	90,872,826	89,890,922	89,462,304	90,872,826	89,462,304
Beginning balance	$ 91	$ 91	$ 90	$ 89	$ 91	$ 89
Issuance of common stock and release of treasury stock (in shares)	36,682
Issuance of common stock and release of treasury stock for employee equity awards (in shares)		430,973	36,674	428,618
Issuance of common stock and release of treasury stock for employee equity awards				$ 1
Ending balance (in shares)	91,340,481	91,303,799	90,065,200	89,890,922	91,340,481	90,065,200
Ending balance	$ 91	$ 91	$ 90	$ 90	$ 91	$ 90
Common Stock | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			137,604
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (107,949)	$ (112,208)	$ (117,786)	$ (122,118)	$ (112,208)	$ (122,118)
Beginning balance (in shares)	(289,975)	(301,420)	(316,412)	(328,052)	(301,420)	(328,052)
Issuance of common stock and release of treasury stock (in shares)	24,609
Issuance of common stock and release of treasury stock	$ 9,157
Issuance of common stock and release of treasury stock for employee equity awards (in shares)		11,445	1,389	11,640
Issuance of common stock and release of treasury stock for employee equity awards		$ 4,259	$ 516	$ 4,332
Ending balance	$ (98,792)	$ (107,949)	$ (117,270)	$ (117,786)	$ (98,792)	$ (117,270)
Ending balance (in shares)	(265,366)	(289,975)	(315,023)	(316,412)	(265,366)	(315,023)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 16,145,424	$ 15,984,597	$ 15,166,407	$ 15,028,357	$ 15,984,597	$ 15,028,357
Issuance of common stock and release of treasury stock	4,882
Issuance of common stock and release of treasury stock for employee equity awards		39,617	(516)	35,701
Stock-based compensation, net of estimated forfeitures	109,005	121,210	95,236	102,349
Ending balance	16,259,311	16,145,424	15,360,726	15,166,407	16,259,311	15,360,726
Additional Paid-in Capital | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock			99,599
Accumulated Dividends
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(6,449,713)	(6,165,140)	(5,379,693)	(5,119,274)	(6,165,140)	(5,119,274)
Dividend distribution on common stock	(282,168)	(282,031)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(57)	(497)	(55)	(437)
Accrued dividends on unvested equity awards	(4,400)	(2,045)	(4,016)	(3,661)
Ending balance	(6,736,338)	(6,449,713)	(5,640,963)	(5,379,693)	(6,736,338)	(5,640,963)
AOCI (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,052,914)	(1,085,751)	(1,008,848)	(913,368)	(1,085,751)	(913,368)
Other comprehensive income (loss)	(365,842)	32,837	67,734	(95,480)	(333,005)
Ending balance	(1,418,756)	(1,052,914)	(941,114)	(1,008,848)	(1,418,756)	(941,114)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,407,946	2,260,493	1,916,664	1,760,302	2,260,493	1,760,302
Net income (loss)	216,322	147,453	68,339	156,362
Ending balance	2,624,268	2,407,946	1,985,003	1,916,664	2,624,268	1,985,003
Non-controlling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(75)	(318)	(159)	130	(318)	130
Net income (loss)	(80)	240	148	(288)
Other comprehensive income (loss)	(35)	3	11	(1)
Ending balance	$ (190)	$ (75)	$ 0	$ (159)	$ (190)	$ 0

Stockholders' Equity - Rollfo_2

Stockholders' Equity - Rollforward - Additional (Details) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Equity [Abstract]
Dividend distribution on common stock (in dollars per share)	$ 3.10	$ 3.10	$ 2.87	$ 2.87

Stockholders' Equity - Componen

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Detail) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022 USD ($) plan country	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) plan country	Jun. 30, 2021 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 10,942,810	$ 10,881,764	$ 10,576,675	$ 10,634,118	$ 10,881,764	$ 10,634,118
Net Change	(365,877)	32,840	67,745	(95,481)	(333,037)	(27,736)
Ending balance	$ 10,629,594	10,942,810	10,646,472	10,576,675	$ 10,629,594	10,646,472
Number of defined benefit pension plans | plan	2				2
Number of countries with a defined benefit pension plan | country	2				2
Accumulated other comprehensive loss attributable to Equinix
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ (1,052,914)	(1,085,751)	(1,008,848)	(913,368)	$ (1,085,751)	(913,368)
Net Change	(365,842)	32,837	67,734	(95,480)	(333,005)
Ending balance	(1,418,756)	(1,052,914)	$ (941,114)	$ (1,008,848)	(1,418,756)	$ (941,114)
Foreign currency translation adjustment ("CTA") loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(1,068,399)			(1,068,399)
Net Change					(862,930)
Ending balance	(1,931,329)				(1,931,329)
Unrealized gain (loss) on cash flow hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(6,590)			(6,590)
Net Change					84,654
Ending balance	78,064				78,064
Net investment hedge CTA gain (loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		(9,952)			(9,952)
Net Change					445,311
Ending balance	435,359				435,359
Net actuarial loss on defined benefit plans
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance		$ (810)			(810)
Net Change					(40)
Ending balance	$ (850)				$ (850)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Detail) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2022 USD ($) alternative	Jun. 30, 2022 USD ($) agreement $ / shares shares	Jun. 30, 2021 USD ($) shares	Jun. 30, 2022 USD ($) agreement $ / shares shares	Jun. 30, 2021 USD ($) shares
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, approved (in shares) | shares				794,013
Weighted-average grant date fair value (in dollars per share) | $ / shares				$ 663.94
Requisite service period (in years)				3 years 6 months 3 days
2020 ATM Program and Equity Forward Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, equity offering agreement, authorized	$ 1,500
Number of settlement alternatives | alternative	3
Equity Forward Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of forward sale agreements | agreement		5		5
Sale of stock, number of shares authorized (in shares) | shares		579,873		579,873
Expected proceeds from sale of stock				$ 394.8
Expected issuance of common stock, weighted average price (in dollars per share) | $ / shares		$ 680.77		$ 680.77
2020 ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, equity offering agreement, available for sale		$ 605.2		$ 605.2
Issuance of common stock in offering (in shares) | shares		0	137,604	0	137,604
Gross proceeds from sale of stock			$ 99.6		$ 99.6

Stockholders' Equity - Stock-Ba

Stockholders' Equity - Stock-Based Compensation Expense Recognized in Company's Condensed Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 104,682	$ 94,335	$ 194,634	$ 172,685
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	11,878	10,008	22,321	18,475
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	23,171	20,779	43,355	38,482
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 69,633	$ 63,548	$ 128,958	$ 115,728

Segment Information - Narrative

Segment Information - Narrative (Detail)	6 Months Ended
	Jun. 30, 2022 line segment
Segment Reporting [Abstract]
Number of primary lines of business | line	1
Number of reportable segments | segment	3

Segment Information - Revenue I

Segment Information - Revenue Information on Services Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from External Customer [Line Items]
Revenues	$ 1,817,154	$ 1,657,919	$ 3,551,601	$ 3,253,983
Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	1,707,451	1,542,462	3,349,775	3,053,395
Colocation
Revenue from External Customer [Line Items]
Revenues	1,256,962	1,155,935	2,476,317	2,286,227
Interconnection
Revenue from External Customer [Line Items]
Revenues	315,177	287,774	624,407	567,493
Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	105,692	94,004	206,546	187,349
Other
Revenue from External Customer [Line Items]
Revenues	29,620	4,749	42,505	12,326
Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	109,703	115,457	201,826	200,588
Americas
Revenue from External Customer [Line Items]
Revenues	830,864	750,643	1,631,285	1,476,583
Americas | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	790,389	706,462	1,548,019	1,399,331
Americas | Colocation
Revenue from External Customer [Line Items]
Revenues	541,988	497,659	1,064,159	985,118
Americas | Interconnection
Revenue from External Customer [Line Items]
Revenues	187,491	167,618	368,594	332,505
Americas | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	55,329	40,734	104,551	79,219
Americas | Other
Revenue from External Customer [Line Items]
Revenues	5,581	451	10,715	2,489
Americas | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	40,475	44,181	83,266	77,252
EMEA
Revenue from External Customer [Line Items]
Revenues	599,201	537,929	1,149,681	1,056,646
EMEA | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	552,679	498,819	1,072,792	985,901
EMEA | Colocation
Revenue from External Customer [Line Items]
Revenues	433,339	398,703	847,908	786,978
EMEA | Interconnection
Revenue from External Customer [Line Items]
Revenues	66,845	65,258	134,985	126,908
EMEA | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	30,447	31,176	61,437	63,287
EMEA | Other
Revenue from External Customer [Line Items]
Revenues	22,048	3,682	28,462	8,728
EMEA | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	46,522	39,110	76,889	70,745
Asia-Pacific
Revenue from External Customer [Line Items]
Revenues	387,089	369,347	770,635	720,754
Asia-Pacific | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	364,383	337,181	728,964	668,163
Asia-Pacific | Colocation
Revenue from External Customer [Line Items]
Revenues	281,635	259,573	564,250	514,131
Asia-Pacific | Interconnection
Revenue from External Customer [Line Items]
Revenues	60,841	54,898	120,828	108,080
Asia-Pacific | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	19,916	22,094	40,558	44,843
Asia-Pacific | Other
Revenue from External Customer [Line Items]
Revenues	1,991	616	3,328	1,109
Asia-Pacific | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	$ 22,706	$ 32,166	$ 41,671	$ 52,591

Segment Information - Schedule

Segment Information - Schedule of Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 860,332	$ 797,277	$ 1,660,044	$ 1,570,509
Depreciation, amortization and accretion expense	(432,828)	(417,758)	(869,214)	(812,076)
Stock-based compensation expense	(104,682)	(94,335)	(194,634)	(172,685)
Transaction costs	(5,063)	(6,985)	(9,303)	(8,167)
Gain (loss) on asset sales	94	455	(1,724)	(1,265)
Interest income	4,508	374	6,614	1,103
Interest expense	(90,826)	(87,231)	(170,791)	(176,912)
Other expense	(6,238)	(39,377)	(15,787)	(46,327)
Gain (loss) on debt extinguishment	(420)	(102,460)	109	(115,518)
Income before income taxes	224,877	49,960	405,314	238,662
Americas
Segment Reporting Information [Line Items]
Total adjusted EBITDA	376,224	325,924	732,779	670,416
EMEA
Segment Reporting Information [Line Items]
Total adjusted EBITDA	295,382	262,526	555,727	506,089
Asia-Pacific
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 188,726	$ 208,827	$ 371,538	$ 394,004

Segment Information - Segment D

Segment Information - Segment Disclosures (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 433,270	$ 416,241	$ 868,610	$ 811,258
Capital expenditures	484,830	692,232	897,348	1,255,830
Americas
Segment Reporting Information [Line Items]
Total depreciation and amortization	229,223	222,134	458,932	425,567
Capital expenditures	225,102	250,342	410,148	455,516
EMEA
Segment Reporting Information [Line Items]
Total depreciation and amortization	115,619	115,162	230,673	225,941
Capital expenditures	197,824	252,802	360,327	488,218
Asia-Pacific
Segment Reporting Information [Line Items]
Total depreciation and amortization	88,428	78,945	179,005	159,750
Capital expenditures	$ 61,904	$ 189,088	$ 126,873	$ 312,096

Segment Information - Long-Live

Segment Information - Long-Lived Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	$ 15,455,180	$ 15,445,775
Operating lease right-of-use assets	1,453,233	1,282,418
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	7,012,690	6,777,174
Operating lease right-of-use assets	281,443	297,300
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	5,114,182	5,125,341
Operating lease right-of-use assets	438,353	470,330
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	3,328,308	3,543,260
Operating lease right-of-use assets	$ 733,437	$ 514,788

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 27, 2022 $ / shares
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 3.10