Equinix (EQIX) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		92,538,115
Entity Central Index Key	0001101239
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,500,816	$ 1,536,358
Accounts receivable, net of allowance of $12,725 and $11,635	778,858	681,809
Other current assets	656,865	462,739
Assets held for sale	80,516	276,195
Total current assets	4,017,055	2,957,101
Property, plant and equipment, net	15,140,597	15,445,775
Operating lease right-of-use assets	1,377,195	1,282,418
Goodwill	5,393,708	5,372,071
Intangible assets, net	1,892,781	1,935,267
Other assets	1,504,530	926,066
Total assets	29,325,866	27,918,698
Current liabilities:
Accounts payable and accrued expenses	922,545	879,144
Accrued property, plant and equipment	275,348	187,334
Current portion of operating lease liabilities	136,848	144,029
Current portion of finance lease liabilities	140,010	147,841
Current portion of mortgage and loans payable	9,810	33,087
Other current liabilities	211,428	214,519
Total current liabilities	1,695,989	1,605,954
Operating lease liabilities, less current portion	1,227,543	1,107,180
Finance lease liabilities, less current portion	1,902,060	1,989,668
Mortgage and loans payable, less current portion	599,132	586,577
Senior notes, less current portion	12,008,125	10,984,144
Other liabilities	738,924	763,411
Total liabilities	18,171,773	17,036,934
Commitments and contingencies (Note $11)
Equinix stockholders' equity
Common stock, $0.001 par value per share: 300,000,000 shares authorized; 92,786,363 issued and 92,536,979 outstanding in 2022 and 90,872,826 issued and 90,571,406 outstanding in 2021	93	91
Additional paid-in capital	17,193,805	15,984,597
Treasury stock, at cost; 249,384 shares in 2022 and 301,420 shares in 2021	(92,845)	(112,208)
Accumulated dividends	(7,026,832)	(6,165,140)
Accumulated other comprehensive loss	(1,755,917)	(1,085,751)
Retained earnings	2,836,075	2,260,493
Total Equinix stockholders' equity	11,154,379	10,882,082
Non-controlling interests	(286)	(318)
Total stockholders' equity	11,154,093	10,881,764
Total liabilities and stockholders' equity	$ 29,325,866	$ 27,918,698

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance	$ 12,725	$ 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)	92,786,363	90,872,826
Common stock, shares outstanding (shares)	92,536,979	90,571,406
Treasury stock (shares)	249,384	301,420

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 1,840,659	$ 1,675,176	$ 5,392,260	$ 4,929,159
Costs and operating expenses:
Cost of revenues	934,669	885,650	2,780,801	2,561,987
Sales and marketing	193,089	182,997	579,327	551,434
General and administrative	375,483	334,625	1,098,518	958,086
Transaction costs	2,007	5,197	11,310	13,364
(Gain) loss on asset sales	2,252	(15,414)	3,976	(14,149)
Total costs and operating expenses	1,507,500	1,393,055	4,473,932	4,070,722
Income from operations	333,159	282,121	918,328	858,437
Interest income	11,192	411	17,806	1,514
Interest expense	(91,346)	(78,943)	(262,137)	(255,855)
Other income (expense)	(6,735)	1,482	(22,522)	(44,845)
Gain (loss) on debt extinguishment	75	179	184	(115,339)
Income before income taxes	246,345	205,250	651,659	443,912
Income tax expense	(34,606)	(53,224)	(75,985)	(67,325)
Net income	211,739	152,026	575,674	376,587
Net (income) loss attributable to non-controlling interests	68	190	(92)	330
Net income attributable to Equinix	$ 211,807	$ 152,216	$ 575,582	$ 376,917
Earnings per share ("EPS") attributable to Equinix:
Basic EPS (in dollars per share)	$ 2.30	$ 1.69	$ 6.31	$ 4.21
Weighted-average shares for basic EPS (in shares)	91,896	89,858	91,234	89,614
Diluted EPS (in dollars per share)	$ 2.30	$ 1.68	$ 6.29	$ 4.18
Weighted-average shares for diluted EPS (in shares)	92,135	90,467	91,519	90,202

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 211,739	$ 152,026	$ 575,674	$ 376,587
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment ("CTA") loss, net of tax effects of $0, $0, $0 and $0	(703,640)	(260,011)	(1,566,602)	(444,691)
Net investment hedge CTA gain, net of tax effect of $0, $0, $0 and $0	360,350	131,080	805,661	264,219
Unrealized gain on cash flow hedges, net of tax effects of $(2,250), $(6,965), $(14,268) and $(15,304)	6,120	28,270	90,774	52,048
Net actuarial gain (loss) on defined benefit plans, net of tax effects of $5, $(4), $14 and $(12)	(19)	14	(59)	41
Total other comprehensive loss, net of tax	(337,189)	(100,647)	(670,226)	(128,383)
Comprehensive income (loss), net of tax	(125,450)	51,379	(94,552)	248,204
Net (income) loss attributable to non-controlling interests	68	190	(92)	330
Other comprehensive (income) loss attributable to non-controlling interests	28	0	60	(10)
Comprehensive income (loss) attributable to Equinix	$ (125,354)	$ 51,569	$ (94,584)	$ 248,524

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment ("CTA")loss, net of tax	$ 0	$ 0	$ 0	$ 0
Net investment hedge CTA gain, net of tax	0	0	0	0
Unrealized gain on cash flow hedges, net of tax	(2,250)	(6,965)	(14,268)	(15,304)
Net actuarial gain (loss) on defined benefit plans, net of tax	$ 5	$ (4)	$ 14	$ (12)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 575,674	$ 376,587
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,145,485	1,074,761
Stock-based compensation	296,464	267,395
Amortization of intangible assets	153,317	155,428
Amortization of debt issuance costs and debt discounts and premiums	13,273	12,760
Provision for credit loss allowance	5,534	7,604
Loss on asset sales	3,976	(14,149)
(Gain) loss on debt extinguishment	(184)	115,339
Other items	18,964	22,377
Changes in operating assets and liabilities:
Accounts receivable	(97,206)	(111,313)
Income taxes, net	9,874	(44,200)
Other assets	(145,376)	(124,573)
Operating lease right-of-use assets	112,923	102,728
Operating lease liabilities	(98,245)	(137,751)
Accounts payable and accrued expenses	83,089	9,968
Other liabilities	125,431	(57,860)
Net cash provided by operating activities	2,202,993	1,655,101
Cash flows from investing activities:
Purchases of investments	(109,420)	(77,139)
Sales of investments	22,073	4,057
Business acquisitions, net of cash and restricted cash acquired	(964,010)	(158,498)
Real estate acquisitions	(39,899)	(194,849)
Purchases of other property, plant and equipment	(1,450,077)	(1,934,107)
Proceeds from sale of assets, net of cash transferred	249,906	174,494
Net cash used in investing activities	(2,291,427)	(2,186,042)
Cash flows from financing activities:
Proceeds from employee equity awards	81,543	77,628
Payment of dividends	(863,886)	(783,454)
Proceeds from public offering of common stock, net of issuance costs	796,018	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	(97,808)	(130,129)
Repayments of mortgage and loans payable	(586,227)	(706,426)
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	1,182,447	320,943
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(135,599)	(24,139)
Net increase in cash, cash equivalents and restricted cash	958,414	(234,137)
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	2,507,868	1,391,558
Cash and cash equivalents	2,500,816	1,379,100
Current portion of restricted cash included in other current assets	2,529	11,567
Non-current portion of restricted cash included in other assets	4,523	891
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 2,507,868	$ 1,391,558

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 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" or "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 and a data center in Peru acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022 and August 1, 2022, respectively. 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 11.7% and 15.2% for the nine months ended September 30, 2022 and 2021, respectively. The decrease in the effective tax rate for the nine months ended September 30, 2022 as compared to the same period in 2021 was mainly driven by higher U.S. QRS income that is not subject to U.S. corporate income taxes. In the current period, we had a favorable resolution of uncertain tax positions of approximately $40.0 million resulting from the settlement of tax audits in the EMEA region. In the prior period, we had a favorable resolution of uncertain tax positions of approximately $70.0 million resulting from the settlement of various tax audits in the EMEA and Asia-Pacific regions. Of the unrecognized tax benefits realized in the prior period, approximately $32.3 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 Not Yet Adopted In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, "Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU is effective for fiscal years beginning after December 15, 2022, with early adoption permitted, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. We are currently evaluating the extent of the impact of this ASU, but do not expect the adoption of this standard to have a significant impact on our condensed consolidated financial statements. 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 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	9 Months Ended
	Sep. 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 September 30, 2022 778,858 64,046 61,097 118,044 156,018 Increase (Decrease) $ 97,049 $ (1,346) $ 5,611 $ 8,308 $ 68,523 (1) The net change in our allowance for credit losses was insignificant during the nine months ended September 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 nine months ended September 30, 2022 from the opening deferred revenue balance as of January 1, 2022 was $67.3 million. Remaining performance obligations As of September 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	9 Months Ended
	Sep. 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 Nine Months Ended 2022 2021 2022 2021 Net income $ 211,739 $ 152,026 $ 575,674 $ 376,587 Net (income) loss attributable to non-controlling interests 68 190 (92) 330 Net income attributable to Equinix $ 211,807 $ 152,216 $ 575,582 $ 376,917 Weighted-average shares used to calculate basic EPS 91,896 89,858 91,234 89,614 Effect of dilutive securities: Employee equity awards 239 609 285 588 Weighted-average shares used to calculate diluted EPS 92,135 90,467 91,519 90,202 EPS attributable to Equinix: Basic EPS $ 2.30 $ 1.69 $ 6.31 $ 4.21 Diluted EPS $ 2.30 $ 1.68 $ 6.29 $ 4.18

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2022 Acquisitions Acquisition of Entel Chile Data Centers (the "Entel Chile Acquisition") and Entel Peru Data Center (the "Entel Peru Acquisition") On May 2, 2022, we further expanded in Latin America through an acquisition of four data centers in Chile 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. On August 1, 2022, we completed the acquisition of a data center in Peru from Entel for a total purchase consideration of $80.3 million at the exchange rate in effect on that date. The Entel Chile Acquisition and Entel Peru Acquisition support 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, except where alternative measurement is required under GAAP. As of September 30, 2022, we had not completed the detailed valuation analysis to derive the fair value of assets acquired and liabilities assumed from the Entel Peru Acquisition, 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 Peru 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 21,988 Property, plant and equipment 88,130 13,423 81,132 239,583 Operating lease right-of-use assets 62 — — — Intangible assets 15,408 10,000 153,489 54,800 Goodwill 77,145 46,118 380,867 110,648 Deferred tax and other assets 20 10,801 12,090 6,731 Total assets acquired 203,453 80,342 640,002 476,207 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) (139,062) Net assets acquired $ 170,465 $ 80,342 $ 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 four 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 Peru: Customer relationships (1) 10,000 15.0 15.0 7.0 % 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 and/or by using benchmarking. 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 Peru and Entel Chile acquisitions are attributable to the Americas region and are 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 Peru and Entel Chile acquisitions 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 nine months ended September 30, 2022, our revenues from these acquisitions were $30.2 million and $57.2 million, respectively. During the three months ended September 30, 2022, our net income was insignificant and during the nine months ended September 30, 2022, our net income was $6.2 million from these acquisitions. Transaction costs During the three and nine months ended September 30, 2022, the transaction costs for the MainOne, Entel Chile and Entel Peru acquisitions were insignificant.

Assets Held for Sale

Assets Held for Sale	9 Months Ended
	Sep. 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 TM data centers in Europe and the Americas (the “EMEA 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 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 data centers in Asia-Pacific (the "Asia-Pacific 2 Joint Venture"). 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 September 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 September 30, 2022 (in thousands): September 30, Property, plant and equipment $ 77,568 Other assets 2,948 Total assets held for sale $ 80,516 Accrued property, plant and equipment $ 9,482 Total liabilities held for sale (1) $ 9,482 (1) Liabilities held for sale were included within other current liabilities on the condensed consolidated balance sheet.

Equity Method Investments

Equity Method Investments	9 Months Ended
	Sep. 30, 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 September 30, 2022 December 31, 2021 EMEA 1 Joint Venture with GIC 20% $ 124,364 $ 131,516 VIE Joint Ventures 20% 158,507 95,052 Other Various 18,138 18,481 Total $ 301,009 $ 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 nine months ended September 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 September 30, 2022, we had future equity contribution commitments of $24.3 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 nine months ended September 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 September 30, 2022 (in thousands): VIE Joint Ventures Equity Investment $ 158,507 Outstanding Receivables 22,531 Future Equity Contribution Commitments (1) 65,310 Maximum Future Payments under Debt Guarantees (2) 58,333 Total $ 304,681 (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 Nine Months Ended Related Party Nature of Transaction 2022 2021 2022 2021 EMEA 1 Joint Venture Revenues $ 5,957 $ 11,698 $ 31,138 $ 30,548 EMEA 1 Joint Venture Expenses (1) 2,010 4,006 5,422 12,786 VIE Joint Ventures Revenues 9,551 4,928 29,739 19,373 (1) Balances primarily consist of rent expenses for a 15 year sub-lease agreement with the EMEA 1 Joint Venture for a London 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 September 30, 2022 December 31, 2021 EMEA 1 Joint Venture Receivables $ 29,808 $ 32,077 Contract Assets (1) 53,998 54,503 Finance Lease Right of Use Assets 92,199 118,817 Other Liabilities and Payables 1,303 2,483 Other Liabilities and Payables - construction obligation (2) 32,929 39,382 Deferred Revenue 14,351 16,886 Finance Lease Right of Use Liabilities 98,565 124,918 VIE Joint Ventures Receivables 22,531 29,077 Contract Assets 3,227 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 September 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	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.6 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 September 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 September 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 nine months ended September 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Foreign currency debt $ 125,840 $ 36,308 $ 283,431 $ 81,290 Cross-currency interest rate swaps (included component) (1) 228,210 89,494 571,532 207,598 Cross-currency interest rate swaps (excluded component) (2) (23,959) (2,527) (92,913) (27,944) Foreign currency forward contracts (included component) (1) 33,257 7,858 48,900 3,302 Foreign currency forward contracts (excluded component) (3) (2,998) (53) (5,289) (27) Total $ 360,350 $ 131,080 $ 805,661 $ 264,219 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Nine Months Ended 2022 2021 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 12,739 $ 11,863 $ 37,346 $ 32,478 Foreign currency forward contracts (excluded component) (3) Interest expense (154) 38 (317) 242 Total $ 12,585 $ 11,901 $ 37,029 $ 32,720 (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 September 30, 2022 and December 31, 2021, the total notional amounts of these foreign exchange contracts were $437.4 million and $831.2 million, respectively. As of September 30, 2022, our foreign currency cash flow hedge instruments had maturity dates ranging from October 2022 to December 2023 and we had a net gain of $67.9 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 September 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 nine months ended September 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 September 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 nine months ended September 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Foreign currency forward and option contracts (included component) (1) $ 8,720 $ 27,860 $ 55,300 $ 61,067 Foreign currency option contracts (excluded component) (2) — — — 151 Interest rate locks (350) 7,374 49,742 6,135 Total $ 8,370 $ 35,234 $ 105,042 $ 67,353 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency forward contracts Revenues $ 53,874 $ (11,863) $ 89,275 $ (41,397) Foreign currency forward contracts Costs and operating expenses (25,869) 5,872 (42,974) 21,659 Interest rate locks Interest Expense 350 (1,101) (376) (2,955) Total $ 28,355 $ (7,092) $ 45,925 $ (22,693) Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency option contracts (excluded component) (2) Revenues $ — $ — $ — $ (244) Total $ — $ — $ — $ (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 September 30, 2022 and December 31, 2021, the total notional amounts of these foreign currency contracts were $2.9 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 Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Embedded derivatives Revenues $ — $ 1,023 $ (568) $ 6,168 Economic hedge of embedded derivatives Revenues — (1,532) (983) (6,024) Foreign currency forward contracts Other income (expense) 138,725 62,840 272,342 127,615 Total $ 138,725 $ 62,331 $ 270,791 $ 127,759 Fair Value of Derivative Instruments The following table presents the fair value of derivative instruments recognized in our condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021 (in thousands): September 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 $ 70,539 $ — $ 22,866 $ 7,618 Interest rate locks — — 8,662 — Net investment hedges Cross-currency interest rate swaps 512,227 — 56,921 19,441 Foreign currency forward contracts 40,522 14 156 70 Total designated as hedging 623,288 14 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 169,763 2,381 83,265 5,854 Total not designated as hedging 169,763 2,381 88,744 7,143 Total Derivatives $ 793,051 $ 2,395 $ 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 September 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 September 30, 2022 Derivative assets $ 820,443 $ — $ 820,443 $ (15,582) $ 804,861 Derivative liabilities 15,596 — 15,596 (15,582) 14 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	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021 were as follows (in thousands): As of September 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 $ 1,131,360 $ 1,131,360 $ — $ 585,681 $ 585,681 $ — Derivative instruments (1) 793,051 — 793,051 177,349 — 177,349 Total $ 1,924,411 $ 1,131,360 $ 793,051 $ 763,030 $ 585,681 $ 177,349 Liabilities: Derivative instruments (1) $ 2,395 $ — $ 2,395 $ 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 September 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 September 30, 2022 and December 31, 2021.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the nine months ended September 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 Nine Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 39,456 $ 41,983 $ 120,684 $ 115,221 Interest on lease liabilities 27,742 28,672 84,986 88,688 Total finance lease cost 67,198 70,655 205,670 203,909 Operating lease cost 55,031 54,340 159,632 167,839 Variable lease cost 12,721 8,323 30,003 23,993 Total lease cost $ 134,950 $ 133,318 $ 395,305 $ 395,741 (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): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 82,841 $ 85,141 Operating cash flows from operating leases 144,954 202,861 Financing cash flows from finance leases 97,808 130,129 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 78,432 $ 374,529 Operating leases 318,882 9,359 As of September 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) $ 1,777,807 $ 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 September 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $783.7 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 September 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (3 months remaining) $ 37,716 $ 64,070 $ 101,786 2023 181,874 230,923 412,797 2024 178,703 231,316 410,019 2025 173,446 229,443 402,889 2026 171,270 218,926 390,196 Thereafter 1,090,190 2,046,538 3,136,728 Total lease payments 1,833,199 3,021,216 4,854,415 Plus amount representing residual property value — — — Less imputed interest (468,808) (979,144) (1,447,952) Total $ 1,364,391 $ 2,042,072 $ 3,406,463 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of September 30, 2022. These leases will commence between year 2022 and 2025, with lease terms of 2 to 26 years and total lease commitments of approximately $551.5 million.
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the nine months ended September 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 Nine Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 39,456 $ 41,983 $ 120,684 $ 115,221 Interest on lease liabilities 27,742 28,672 84,986 88,688 Total finance lease cost 67,198 70,655 205,670 203,909 Operating lease cost 55,031 54,340 159,632 167,839 Variable lease cost 12,721 8,323 30,003 23,993 Total lease cost $ 134,950 $ 133,318 $ 395,305 $ 395,741 (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): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 82,841 $ 85,141 Operating cash flows from operating leases 144,954 202,861 Financing cash flows from finance leases 97,808 130,129 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 78,432 $ 374,529 Operating leases 318,882 9,359 As of September 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) $ 1,777,807 $ 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 September 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $783.7 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 September 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (3 months remaining) $ 37,716 $ 64,070 $ 101,786 2023 181,874 230,923 412,797 2024 178,703 231,316 410,019 2025 173,446 229,443 402,889 2026 171,270 218,926 390,196 Thereafter 1,090,190 2,046,538 3,136,728 Total lease payments 1,833,199 3,021,216 4,854,415 Plus amount representing residual property value — — — Less imputed interest (468,808) (979,144) (1,447,952) Total $ 1,364,391 $ 2,042,072 $ 3,406,463 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of September 30, 2022. These leases will commence between year 2022 and 2025, with lease terms of 2 to 26 years and total lease commitments of approximately $551.5 million.

Debt Facilities

Debt Facilities	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt Facilities	Debt Facilities Mortgage and Loans Payable As of September 30, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands): September 30, December 31, 2021 Term loans $ 574,786 $ 549,697 Mortgage payable and loans payable 35,240 68,691 610,026 618,388 Less amount representing unamortized debt discount and debt issuance cost (1,084) (354) Add amount representing unamortized mortgage premium — 1,630 608,942 619,664 Less current portion (9,810) (33,087) Total $ 599,132 $ 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 September 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 $556.9 million and $549.3 million, respectively. As of September 30, 2022, we had 41 irrevocable letters of credit totaling $81.7 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 September 30, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands): September 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 490,100 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 588,120 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 % 12,128,220 11,102,130 Less amount representing unamortized debt issuance cost (120,095) (117,986) 12,008,125 10,984,144 Less current portion — — Total $ 12,008,125 $ 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 September 30, 2022 (in thousands): Years ending: 2022 (3 months remaining) $ 2,578 2023 9,780 2024 1,009,449 2025 1,208,199 2026 1,307,750 Thereafter 9,200,490 Total $ 12,738,246 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): September 30, December 31, Mortgage and loans payable $ 625,732 $ 621,051 Senior notes 9,835,700 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 Nine Months Ended 2022 2021 2022 2021 Interest expense $ 91,346 $ 78,943 $ 262,137 $ 255,855 Interest capitalized 5,512 6,426 14,267 19,217 Interest charges incurred $ 96,858 $ 85,369 $ 276,404 $ 275,072

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 30, 2022, we were contractually committed for approximately $1.7 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 September 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 $1.7 billion as of September 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 September 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 September 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 September 30, 2022.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 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 September 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 Net income — — — — — — — 211,807 211,807 (68) 211,739 Other comprehensive loss — — — — — — (337,161) — (337,161) (28) (337,189) Issuance of common stock and release of treasury stock 285,176 1 15,982 5,947 31,719 — — — 37,667 — 37,667 Issuance of common stock under ATM Program 1,160,706 1 — — 796,018 — — — 796,019 — 796,019 AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Accumulated Shares Amount Shares Amount Dividend distribution on common stock, $3.10 per share — — — — — (286,136) — — (286,136) — (286,136) Settlement of accrued dividends on vested equity awards — — — — — (327) — — (327) — (327) Accrued dividends on unvested equity awards — — — — — (4,031) — — (4,031) — (4,031) Stock-based compensation, net of estimated forfeitures — — — — 106,757 — — — 106,757 — 106,757 Balance as of September 30, 2022 92,786,363 $ 93 (249,384) $ (92,845) $ 17,193,805 $ (7,026,832) $ (1,755,917) $ 2,836,075 $ 11,154,379 $ (286) $ 11,154,093 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 Net income — — — — — — — 152,216 152,216 (190) 152,026 Other comprehensive loss — — — — — — (100,647) — (100,647) — (100,647) Issuance of common stock and release of treasury stock for employee equity awards 278,731 — 12,292 4,574 33,021 — — — 37,595 — 37,595 Dividend distribution on common stock, $2.87 per share — — — — — (257,769) — — (257,769) — (257,769) Settlement of accrued dividends on vested equity awards — — — — — (299) — — (299) — (299) Accrued dividends on unvested equity awards — — — — — (3,906) — — (3,906) — (3,906) Additional Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Stock-based compensation, net of estimated forfeitures — — — — 95,101 — — — 95,101 — 95,101 Balance as of September 30, 2021 90,343,931 $ 90 (302,731) $ (112,696) $ 15,488,848 $ (5,902,937) $ (1,041,761) $ 2,137,219 $ 10,568,763 $ (190) $ 10,568,573 Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): Balance as of December 31, Net Balance as of September 30, Foreign currency translation adjustment ("CTA") loss $ (1,068,399) $ (1,566,542) $ (2,634,941) Unrealized gain (loss) on cash flow hedges (1) (6,590) 90,774 84,184 Net investment hedge CTA gain (loss) (1) (9,952) 805,661 795,709 Net actuarial loss on defined benefit plans (2) (810) (59) (869) Accumulated other comprehensive loss attributable to Equinix $ (1,085,751) $ (670,166) $ (1,755,917) (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 September 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 nine months ended September 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. During the three months ended September 30, 2022, we did not execute any forward sale agreements. During the nine months ended September 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. On August 3, 2022, we physically settled all forward sale shares for approximately $393.6 million, net of payment of commissions to sales agents and other offering expenses, at an aggregate weighted-average forward sale price of $678.72 per share. For the three and nine months ended September 30, 2022, we sold an additional 580,833 shares under the 2020 ATM Program, excluding the settled forward sale transactions noted above, for approximately $403.6 million, net of payment of commissions to sales agents and other offering expenses. For the three months ended September 30, 2021, we did not sell any shares under the 2020 ATM Program. For the nine months ended September 30, 2021, we sold 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. As of September 30, 2022, we had approximately $200.0 million of common stock available for sale under the 2020 ATM Program. Stock-Based Compensation For the nine months ended September 30, 2022, the Talent, Culture and Compensation Committee and/or the Stock Award Committee of our Board of Directors, as the case may be, granted an aggregate of 856,959 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 $661.64 per share and a weighted-average requisite service period of 3.52 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 nine months ended September 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 nine months ended September 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 Nine Months Ended 2022 2021 2022 2021 Cost of revenues $ 10,732 $ 9,713 $ 33,053 $ 28,188 Sales and marketing 22,507 20,565 65,862 59,047 General and administrative 68,591 64,432 197,549 180,160 Total $ 101,830 $ 94,710 $ 296,464 $ 267,395

Segment Information

Segment Information	9 Months Ended
	Sep. 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 September 30, 2022 Nine Months Ended September 30, 2022 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 555,352 $ 445,733 $ 295,008 $ 1,296,093 $ 1,619,511 $ 1,293,641 $ 859,258 $ 3,772,410 Interconnection 190,283 66,703 61,264 318,250 558,877 201,688 182,092 942,657 Managed infrastructure 54,704 28,493 19,269 102,466 159,255 89,930 59,827 309,012 Other (1) 5,127 23,105 3,091 31,323 15,842 51,567 6,419 73,828 Recurring revenues 805,466 564,034 378,632 1,748,132 2,353,485 1,636,826 1,107,596 5,097,907 Non-recurring revenues 40,695 27,778 24,054 92,527 123,961 104,667 65,725 294,353 Total $ 846,161 $ 591,812 $ 402,686 $ 1,840,659 $ 2,477,446 $ 1,741,493 $ 1,173,321 $ 5,392,260 (1) Includes some leasing and hedging activities. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 504,711 $ 400,395 $ 259,092 $ 1,164,198 $ 1,489,829 $ 1,187,373 $ 773,223 $ 3,450,425 Interconnection 168,511 65,809 56,789 291,109 501,016 192,717 164,869 858,602 Managed infrastructure 43,313 31,445 21,572 96,330 122,532 94,732 66,415 283,679 Other (1) 4,757 5,639 1,583 11,979 7,246 14,367 2,692 24,305 Recurring revenues 721,292 503,288 339,036 1,563,616 2,120,623 1,489,189 1,007,199 4,617,011 Non-recurring revenues 41,761 41,939 27,860 111,560 119,013 112,684 80,451 312,148 Total $ 763,053 $ 545,227 $ 366,896 $ 1,675,176 $ 2,239,636 $ 1,601,873 $ 1,087,650 $ 4,929,159 (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 nine months ended September 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 nine months ended September 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 Nine Months Ended 2022 2021 2022 2021 Adjusted EBITDA: Americas $ 395,159 $ 321,768 $ 1,127,938 $ 992,184 EMEA 283,286 267,553 839,013 773,642 Asia-Pacific 192,471 196,977 564,009 590,981 Total adjusted EBITDA 870,916 786,298 2,530,960 2,356,807 Depreciation, amortization and accretion expense (431,668) (419,684) (1,300,882) (1,231,760) Stock-based compensation expense (101,830) (94,710) (296,464) (267,395) Transaction costs (2,007) (5,197) (11,310) (13,364) Gain (loss) on asset sales (2,252) 15,414 (3,976) 14,149 Interest income 11,192 411 17,806 1,514 Interest expense (91,346) (78,943) (262,137) (255,855) Other income (expense) (6,735) 1,482 (22,522) (44,845) Gain (loss) on debt extinguishment 75 179 184 (115,339) Income before income taxes $ 246,345 $ 205,250 $ 651,659 $ 443,912 We also provide the following additional segment disclosures (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Depreciation and amortization: Americas $ 234,300 $ 218,749 $ 693,232 $ 644,316 EMEA 111,879 114,494 342,552 340,435 Asia-Pacific 84,013 85,688 263,018 245,438 Total $ 430,192 $ 418,931 $ 1,298,802 $ 1,230,189 Capital expenditures: Americas $ 278,487 $ 246,497 $ 688,635 $ 702,013 EMEA 168,481 277,124 528,808 765,342 Asia-Pacific 105,761 154,656 232,634 466,752 Total $ 552,729 $ 678,277 $ 1,450,077 $ 1,934,107 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): September 30, December 31, Americas $ 7,085,772 $ 6,777,174 EMEA 4,865,289 5,125,341 Asia-Pacific 3,189,536 3,543,260 Total property, plant and equipment, net $ 15,140,597 $ 15,445,775 Americas $ 268,966 $ 297,300 EMEA 405,170 470,330 Asia-Pacific 703,059 514,788 Total operating lease right-of-use assets $ 1,377,195 $ 1,282,418

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Declaration of dividends On November 2, 2022, we declared a quarterly cash dividend of $3.10 per share, which is payable on December 14, 2022 to our common stockholders of record as of the close of business on November 16, 2022.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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" or "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 and a data center in Peru acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022 and August 1, 2022, respectively. 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 Not Yet Adopted In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-04, "Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU is effective for fiscal years beginning after December 15, 2022, with early adoption permitted, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. We are currently evaluating the extent of the impact of this ASU, but do not expect the adoption of this standard to have a significant impact on our condensed consolidated financial statements. 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 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 September 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 September 30, 2022 and December 31, 2021, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.6 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 September 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 September 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)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Schedule 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 September 30, 2022 778,858 64,046 61,097 118,044 156,018 Increase (Decrease) $ 97,049 $ (1,346) $ 5,611 $ 8,308 $ 68,523

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Net income $ 211,739 $ 152,026 $ 575,674 $ 376,587 Net (income) loss attributable to non-controlling interests 68 190 (92) 330 Net income attributable to Equinix $ 211,807 $ 152,216 $ 575,582 $ 376,917 Weighted-average shares used to calculate basic EPS 91,896 89,858 91,234 89,614 Effect of dilutive securities: Employee equity awards 239 609 285 588 Weighted-average shares used to calculate diluted EPS 92,135 90,467 91,519 90,202 EPS attributable to Equinix: Basic EPS $ 2.30 $ 1.69 $ 6.31 $ 4.21 Diluted EPS $ 2.30 $ 1.68 $ 6.29 $ 4.18

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 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 Peru 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 21,988 Property, plant and equipment 88,130 13,423 81,132 239,583 Operating lease right-of-use assets 62 — — — Intangible assets 15,408 10,000 153,489 54,800 Goodwill 77,145 46,118 380,867 110,648 Deferred tax and other assets 20 10,801 12,090 6,731 Total assets acquired 203,453 80,342 640,002 476,207 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) (139,062) Net assets acquired $ 170,465 $ 80,342 $ 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 Peru: Customer relationships (1) 10,000 15.0 15.0 7.0 % 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 and/or by using benchmarking. 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)	9 Months Ended
	Sep. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule of Assets and Liabilities Classified as Held for Sale	The following table summarizes the assets and liabilities that were classified as assets and liabilities held for sale in the condensed consolidated balance sheet as of September 30, 2022 (in thousands): September 30, Property, plant and equipment $ 77,568 Other assets 2,948 Total assets held for sale $ 80,516 Accrued property, plant and equipment $ 9,482 Total liabilities held for sale (1) $ 9,482 (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)	9 Months Ended
	Sep. 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 September 30, 2022 December 31, 2021 EMEA 1 Joint Venture with GIC 20% $ 124,364 $ 131,516 VIE Joint Ventures 20% 158,507 95,052 Other Various 18,138 18,481 Total $ 301,009 $ 245,049
Schedule 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 September 30, 2022 (in thousands): VIE Joint Ventures Equity Investment $ 158,507 Outstanding Receivables 22,531 Future Equity Contribution Commitments (1) 65,310 Maximum Future Payments under Debt Guarantees (2) 58,333 Total $ 304,681 (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).
Schedule 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 Nine Months Ended Related Party Nature of Transaction 2022 2021 2022 2021 EMEA 1 Joint Venture Revenues $ 5,957 $ 11,698 $ 31,138 $ 30,548 EMEA 1 Joint Venture Expenses (1) 2,010 4,006 5,422 12,786 VIE Joint Ventures Revenues 9,551 4,928 29,739 19,373 (1) Balances primarily consist of rent expenses for a 15 year sub-lease agreement with the EMEA 1 Joint Venture for a London 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 September 30, 2022 December 31, 2021 EMEA 1 Joint Venture Receivables $ 29,808 $ 32,077 Contract Assets (1) 53,998 54,503 Finance Lease Right of Use Assets 92,199 118,817 Other Liabilities and Payables 1,303 2,483 Other Liabilities and Payables - construction obligation (2) 32,929 39,382 Deferred Revenue 14,351 16,886 Finance Lease Right of Use Liabilities 98,565 124,918 VIE Joint Ventures Receivables 22,531 29,077 Contract Assets 3,227 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)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Investment Hedges	The effect of net investment hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Foreign currency debt $ 125,840 $ 36,308 $ 283,431 $ 81,290 Cross-currency interest rate swaps (included component) (1) 228,210 89,494 571,532 207,598 Cross-currency interest rate swaps (excluded component) (2) (23,959) (2,527) (92,913) (27,944) Foreign currency forward contracts (included component) (1) 33,257 7,858 48,900 3,302 Foreign currency forward contracts (excluded component) (3) (2,998) (53) (5,289) (27) Total $ 360,350 $ 131,080 $ 805,661 $ 264,219 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Three Months Ended Nine Months Ended 2022 2021 2022 2021 Cross-currency interest rate swaps (excluded component) (2) Interest expense $ 12,739 $ 11,863 $ 37,346 $ 32,478 Foreign currency forward contracts (excluded component) (3) Interest expense (154) 38 (317) 242 Total $ 12,585 $ 11,901 $ 37,029 $ 32,720 (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.
Schedule of Cash Flow Hedges	The effect of cash flow hedges on accumulated other comprehensive income and the condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Foreign currency forward and option contracts (included component) (1) $ 8,720 $ 27,860 $ 55,300 $ 61,067 Foreign currency option contracts (excluded component) (2) — — — 151 Interest rate locks (350) 7,374 49,742 6,135 Total $ 8,370 $ 35,234 $ 105,042 $ 67,353 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Three Months Ended Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency forward contracts Revenues $ 53,874 $ (11,863) $ 89,275 $ (41,397) Foreign currency forward contracts Costs and operating expenses (25,869) 5,872 (42,974) 21,659 Interest rate locks Interest Expense 350 (1,101) (376) (2,955) Total $ 28,355 $ (7,092) $ 45,925 $ (22,693) Amount of gain or (loss) excluded from effectiveness testing included in income: Three Months Ended Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Foreign currency option contracts (excluded component) (2) Revenues $ — $ — $ — $ (244) Total $ — $ — $ — $ (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 Nine Months Ended Location of gain or (loss) 2022 2021 2022 2021 Embedded derivatives Revenues $ — $ 1,023 $ (568) $ 6,168 Economic hedge of embedded derivatives Revenues — (1,532) (983) (6,024) Foreign currency forward contracts Other income (expense) 138,725 62,840 272,342 127,615 Total $ 138,725 $ 62,331 $ 270,791 $ 127,759
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 September 30, 2022 and December 31, 2021 (in thousands): September 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 $ 70,539 $ — $ 22,866 $ 7,618 Interest rate locks — — 8,662 — Net investment hedges Cross-currency interest rate swaps 512,227 — 56,921 19,441 Foreign currency forward contracts 40,522 14 156 70 Total designated as hedging 623,288 14 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 169,763 2,381 83,265 5,854 Total not designated as hedging 169,763 2,381 88,744 7,143 Total Derivatives $ 793,051 $ 2,395 $ 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 September 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 September 30, 2022 Derivative assets $ 820,443 $ — $ 820,443 $ (15,582) $ 804,861 Derivative liabilities 15,596 — 15,596 (15,582) 14 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 September 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 September 30, 2022 Derivative assets $ 820,443 $ — $ 820,443 $ (15,582) $ 804,861 Derivative liabilities 15,596 — 15,596 (15,582) 14 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)	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021 were as follows (in thousands): As of September 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 $ 1,131,360 $ 1,131,360 $ — $ 585,681 $ 585,681 $ — Derivative instruments (1) 793,051 — 793,051 177,349 — 177,349 Total $ 1,924,411 $ 1,131,360 $ 793,051 $ 763,030 $ 585,681 $ 177,349 Liabilities: Derivative instruments (1) $ 2,395 $ — $ 2,395 $ 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)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Leases Entered into During the Period	The following table summarizes the significant lease transactions during the nine months ended September 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.
Schedule of Components of Lease Expenses	The components of lease expenses are as follows (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Finance lease cost Amortization of ROU assets (1) $ 39,456 $ 41,983 $ 120,684 $ 115,221 Interest on lease liabilities 27,742 28,672 84,986 88,688 Total finance lease cost 67,198 70,655 205,670 203,909 Operating lease cost 55,031 54,340 159,632 167,839 Variable lease cost 12,721 8,323 30,003 23,993 Total lease cost $ 134,950 $ 133,318 $ 395,305 $ 395,741 (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.
Schedule of Other Information Related to Leases	Other information related to leases is as follows (in thousands): Nine Months Ended Nine Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 82,841 $ 85,141 Operating cash flows from operating leases 144,954 202,861 Financing cash flows from finance leases 97,808 130,129 ROU assets obtained in exchange for lease obligations: (1) Finance leases $ 78,432 $ 374,529 Operating leases 318,882 9,359 As of September 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) $ 1,777,807 $ 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 September 30, 2022 and December 31, 2021, we recorded accumulated amortization of finance lease ROU assets of $783.7 million and $726.4 million, respectively. Finance lease assets are recorded within property, plant and equipment, net on the condensed consolidated balance sheets.
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of September 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (3 months remaining) $ 37,716 $ 64,070 $ 101,786 2023 181,874 230,923 412,797 2024 178,703 231,316 410,019 2025 173,446 229,443 402,889 2026 171,270 218,926 390,196 Thereafter 1,090,190 2,046,538 3,136,728 Total lease payments 1,833,199 3,021,216 4,854,415 Plus amount representing residual property value — — — Less imputed interest (468,808) (979,144) (1,447,952) Total $ 1,364,391 $ 2,042,072 $ 3,406,463
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of September 30, 2022 are as follows (in thousands): Operating Leases Finance Leases Total 2022 (3 months remaining) $ 37,716 $ 64,070 $ 101,786 2023 181,874 230,923 412,797 2024 178,703 231,316 410,019 2025 173,446 229,443 402,889 2026 171,270 218,926 390,196 Thereafter 1,090,190 2,046,538 3,136,728 Total lease payments 1,833,199 3,021,216 4,854,415 Plus amount representing residual property value — — — Less imputed interest (468,808) (979,144) (1,447,952) Total $ 1,364,391 $ 2,042,072 $ 3,406,463

Debt Facilities (Tables)

Debt Facilities (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	As of September 30, 2022 and December 31, 2021, our mortgage and loans payable consisted of the following (in thousands): September 30, December 31, 2021 Term loans $ 574,786 $ 549,697 Mortgage payable and loans payable 35,240 68,691 610,026 618,388 Less amount representing unamortized debt discount and debt issuance cost (1,084) (354) Add amount representing unamortized mortgage premium — 1,630 608,942 619,664 Less current portion (9,810) (33,087) Total $ 599,132 $ 586,577 As of September 30, 2022 and December 31, 2021, our senior notes consisted of the following (in thousands): September 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 490,100 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 588,120 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 % 12,128,220 11,102,130 Less amount representing unamortized debt issuance cost (120,095) (117,986) 12,008,125 10,984,144 Less current portion — — Total $ 12,008,125 $ 10,984,144
Schedule 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 September 30, 2022 (in thousands): Years ending: 2022 (3 months remaining) $ 2,578 2023 9,780 2024 1,009,449 2025 1,208,199 2026 1,307,750 Thereafter 9,200,490 Total $ 12,738,246
Schedule of 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): September 30, December 31, Mortgage and loans payable $ 625,732 $ 621,051 Senior notes 9,835,700 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 Nine Months Ended 2022 2021 2022 2021 Interest expense $ 91,346 $ 78,943 $ 262,137 $ 255,855 Interest capitalized 5,512 6,426 14,267 19,217 Interest charges incurred $ 96,858 $ 85,369 $ 276,404 $ 275,072

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 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 September 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 Net income — — — — — — — 211,807 211,807 (68) 211,739 Other comprehensive loss — — — — — — (337,161) — (337,161) (28) (337,189) Issuance of common stock and release of treasury stock 285,176 1 15,982 5,947 31,719 — — — 37,667 — 37,667 Issuance of common stock under ATM Program 1,160,706 1 — — 796,018 — — — 796,019 — 796,019 AOCI (Loss) Retained Equinix Non-controlling Interests Total Stockholders' Equity Common Stock Treasury Stock Additional Accumulated Shares Amount Shares Amount Dividend distribution on common stock, $3.10 per share — — — — — (286,136) — — (286,136) — (286,136) Settlement of accrued dividends on vested equity awards — — — — — (327) — — (327) — (327) Accrued dividends on unvested equity awards — — — — — (4,031) — — (4,031) — (4,031) Stock-based compensation, net of estimated forfeitures — — — — 106,757 — — — 106,757 — 106,757 Balance as of September 30, 2022 92,786,363 $ 93 (249,384) $ (92,845) $ 17,193,805 $ (7,026,832) $ (1,755,917) $ 2,836,075 $ 11,154,379 $ (286) $ 11,154,093 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 Net income — — — — — — — 152,216 152,216 (190) 152,026 Other comprehensive loss — — — — — — (100,647) — (100,647) — (100,647) Issuance of common stock and release of treasury stock for employee equity awards 278,731 — 12,292 4,574 33,021 — — — 37,595 — 37,595 Dividend distribution on common stock, $2.87 per share — — — — — (257,769) — — (257,769) — (257,769) Settlement of accrued dividends on vested equity awards — — — — — (299) — — (299) — (299) Accrued dividends on unvested equity awards — — — — — (3,906) — — (3,906) — (3,906) Additional Accumulated AOCI (Loss) Retained Equinix Non-controlling interests Total Stockholders' Equity Common Stock Treasury Stock Shares Amount Shares Amount Stock-based compensation, net of estimated forfeitures — — — — 95,101 — — — 95,101 — 95,101 Balance as of September 30, 2021 90,343,931 $ 90 (302,731) $ (112,696) $ 15,488,848 $ (5,902,937) $ (1,041,761) $ 2,137,219 $ 10,568,763 $ (190) $ 10,568,573
Schedule of Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): Balance as of December 31, Net Balance as of September 30, Foreign currency translation adjustment ("CTA") loss $ (1,068,399) $ (1,566,542) $ (2,634,941) Unrealized gain (loss) on cash flow hedges (1) (6,590) 90,774 84,184 Net investment hedge CTA gain (loss) (1) (9,952) 805,661 795,709 Net actuarial loss on defined benefit plans (2) (810) (59) (869) Accumulated other comprehensive loss attributable to Equinix $ (1,085,751) $ (670,166) $ (1,755,917) (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 Nine Months Ended 2022 2021 2022 2021 Cost of revenues $ 10,732 $ 9,713 $ 33,053 $ 28,188 Sales and marketing 22,507 20,565 65,862 59,047 General and administrative 68,591 64,432 197,549 180,160 Total $ 101,830 $ 94,710 $ 296,464 $ 267,395

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, 2022 Nine Months Ended September 30, 2022 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 555,352 $ 445,733 $ 295,008 $ 1,296,093 $ 1,619,511 $ 1,293,641 $ 859,258 $ 3,772,410 Interconnection 190,283 66,703 61,264 318,250 558,877 201,688 182,092 942,657 Managed infrastructure 54,704 28,493 19,269 102,466 159,255 89,930 59,827 309,012 Other (1) 5,127 23,105 3,091 31,323 15,842 51,567 6,419 73,828 Recurring revenues 805,466 564,034 378,632 1,748,132 2,353,485 1,636,826 1,107,596 5,097,907 Non-recurring revenues 40,695 27,778 24,054 92,527 123,961 104,667 65,725 294,353 Total $ 846,161 $ 591,812 $ 402,686 $ 1,840,659 $ 2,477,446 $ 1,741,493 $ 1,173,321 $ 5,392,260 (1) Includes some leasing and hedging activities. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 Americas EMEA Asia-Pacific Total Americas EMEA Asia-Pacific Total Colocation (1) $ 504,711 $ 400,395 $ 259,092 $ 1,164,198 $ 1,489,829 $ 1,187,373 $ 773,223 $ 3,450,425 Interconnection 168,511 65,809 56,789 291,109 501,016 192,717 164,869 858,602 Managed infrastructure 43,313 31,445 21,572 96,330 122,532 94,732 66,415 283,679 Other (1) 4,757 5,639 1,583 11,979 7,246 14,367 2,692 24,305 Recurring revenues 721,292 503,288 339,036 1,563,616 2,120,623 1,489,189 1,007,199 4,617,011 Non-recurring revenues 41,761 41,939 27,860 111,560 119,013 112,684 80,451 312,148 Total $ 763,053 $ 545,227 $ 366,896 $ 1,675,176 $ 2,239,636 $ 1,601,873 $ 1,087,650 $ 4,929,159 (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 Nine Months Ended 2022 2021 2022 2021 Adjusted EBITDA: Americas $ 395,159 $ 321,768 $ 1,127,938 $ 992,184 EMEA 283,286 267,553 839,013 773,642 Asia-Pacific 192,471 196,977 564,009 590,981 Total adjusted EBITDA 870,916 786,298 2,530,960 2,356,807 Depreciation, amortization and accretion expense (431,668) (419,684) (1,300,882) (1,231,760) Stock-based compensation expense (101,830) (94,710) (296,464) (267,395) Transaction costs (2,007) (5,197) (11,310) (13,364) Gain (loss) on asset sales (2,252) 15,414 (3,976) 14,149 Interest income 11,192 411 17,806 1,514 Interest expense (91,346) (78,943) (262,137) (255,855) Other income (expense) (6,735) 1,482 (22,522) (44,845) Gain (loss) on debt extinguishment 75 179 184 (115,339) Income before income taxes $ 246,345 $ 205,250 $ 651,659 $ 443,912
Schedule of Segment Disclosures	We also provide the following additional segment disclosures (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Depreciation and amortization: Americas $ 234,300 $ 218,749 $ 693,232 $ 644,316 EMEA 111,879 114,494 342,552 340,435 Asia-Pacific 84,013 85,688 263,018 245,438 Total $ 430,192 $ 418,931 $ 1,298,802 $ 1,230,189 Capital expenditures: Americas $ 278,487 $ 246,497 $ 688,635 $ 702,013 EMEA 168,481 277,124 528,808 765,342 Asia-Pacific 105,761 154,656 232,634 466,752 Total $ 552,729 $ 678,277 $ 1,450,077 $ 1,934,107
Schedule of 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): September 30, December 31, Americas $ 7,085,772 $ 6,777,174 EMEA 4,865,289 5,125,341 Asia-Pacific 3,189,536 3,543,260 Total property, plant and equipment, net $ 15,140,597 $ 15,445,775 Americas $ 268,966 $ 297,300 EMEA 405,170 470,330 Asia-Pacific 703,059 514,788 Total operating lease right-of-use assets $ 1,377,195 $ 1,282,418

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Narrative (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	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	11.70%	15.20%
EMEA and Asia-Pacific
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrecognized tax benefits, reversal | $		$ 70
EMEA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unrecognized tax benefits, reversal | $	$ 40
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
Empresa Nacional De Telecomunicaciones S.A.
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 | $		$ 32.3

Revenue - Opening and Closing B

Revenue - Opening and Closing Balances (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 778,858	$ 681,809
Increase (Decrease) in Accounts receivables	97,049
Contract assets, current	64,046	65,392
Increase (Decrease) in Contract asset, current	(1,346)
Contract assets, non-current	61,097	55,486
Increase (Decrease) in Contract asset, non-current	5,611
Deferred revenue, current	118,044	109,736
Increase (Decrease) in Deferred revenue, current	8,308
Deferred revenue, non-current	156,018	$ 87,495
Increase (Decrease) in Deferred revenue, non-current	$ 68,523

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, revenue recognized	$ 67.3
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]: 2022-10-01
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]: 2024-10-01
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						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 211,739	$ 216,242	$ 147,693	$ 152,026	$ 68,487	$ 156,074	$ 575,674	$ 376,587
Net (income) loss attributable to non-controlling interests	68			190			(92)	330
Net income attributable to Equinix	$ 211,807			$ 152,216			$ 575,582	$ 376,917
Weighted-average shares used to calculate basic EPS (in shares)	91,896			89,858			91,234	89,614
Effect of dilutive securities:
Employee equity awards (in shares)	239			609			285	588
Weighted-average shares used to calculate diluted EPS (in shares)	92,135			90,467			91,519	90,202
Basic EPS (in dollars per share)	$ 2.30			$ 1.69			$ 6.31	$ 4.21
Diluted EPS (in dollars per share)	$ 2.30			$ 1.68			$ 6.29	$ 4.18

Earnings Per Share - Anti-dilut

Earnings Per Share - Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Earnings Per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Anti-dilutive potential shares of common stock excluded from computation of earnings per share (in shares)	351	17	379	212

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Detail) $ in Millions, ₨ in Billions						3 Months Ended	9 Months Ended
	Aug. 01, 2022 USD ($)	May 02, 2022 USD ($) center	Apr. 01, 2022 USD ($) center	Sep. 01, 2021 USD ($) center	Sep. 01, 2021 INR (₨) center	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($) acquisition
Business Acquisition [Line Items]
Number of acquisitions | acquisition							4
Empresa Nacional De Telecomunicaciones S.A.
Business Acquisition [Line Items]
Data centers purchased | center		4
MainOne
Business Acquisition [Line Items]
Consideration transferred			$ 278.4
Data centers purchased | center			4
GPX India
Business Acquisition [Line Items]
Data centers purchased | center				2	2
Cash consideration for acquisition				$ 170.5	₨ 12.5
Entel Chile
Business Acquisition [Line Items]
Consideration transferred		$ 638.3
Data centers purchased | center		4
Entel Chile, Entel Peru, And MainOne
Business Acquisition [Line Items]
Revenues						$ 30.2	$ 57.2
Net income							$ 6.2
Entel Peru:
Business Acquisition [Line Items]
Consideration transferred	$ 80.3

Acquisitions - Preliminary Purc

Acquisitions - Preliminary Purchase Price Allocation (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Aug. 01, 2022	May 02, 2022	Apr. 01, 2022	Dec. 31, 2021	Sep. 01, 2021
Allocation of purchase price consideration
Goodwill	$ 5,393,708				$ 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 Peru
Allocation of purchase price consideration
Cash and cash equivalents		$ 0
Accounts receivable		0
Other current assets		0
Property, plant and equipment		13,423
Operating lease right-of-use assets		0
Intangible assets		10,000
Goodwill		46,118
Deferred tax and other assets		10,801
Total assets acquired		80,342
Accounts payable and accrued liabilities		0
Other current liabilities		0
Operating lease liabilities		0
Finance lease liabilities		0
Mortgage and loans payable		0
Deferred tax and other liabilities		0
Net assets acquired		$ 80,342
MainOne
Allocation of purchase price consideration
Cash and cash equivalents				$ 33,026
Accounts receivable				9,431
Other current assets				21,988
Property, plant and equipment				239,583
Operating lease right-of-use assets				0
Intangible assets				54,800
Goodwill				110,648
Deferred tax and other assets				6,731
Total assets acquired				476,207
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				(139,062)
Net assets acquired				278,350
Deferred revenue, current				9,900
Deferred revenue, noncurrent				$ 95,400
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

Acquisitions - Intangible Asset

Acquisitions - Intangible Assets (Details) $ in Thousands	Aug. 01, 2022 USD ($)	May 02, 2022 USD ($)	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]
Discount Rate				0.110
Customer Relationships | Entel Peru:
Business Acquisition [Line Items]
Fair Value	$ 10,000
Estimated Useful Lives (Years)	15 years
Weighted-average Estimated Useful Lives (Years)	15 years
Customer Relationships | Entel Peru: | Discount Rate
Business Acquisition [Line Items]
Discount Rate	0.070
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]
Discount Rate		0.085
Customer Relationships | Entel Chile | Discount Rate | Maximum
Business Acquisition [Line Items]
Discount Rate		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]
Discount Rate			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]
Discount Rate			0.115
Trade Names | MainOne | Measurement Input, Royalty Rate
Business Acquisition [Line Items]
Discount Rate			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	Jun. 30, 2021	Sep. 30, 2022	Dec. 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Equity method investments				$ 301,009	$ 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	Sep. 30, 2022	Dec. 31, 2021
Long Lived Assets Held-for-sale [Line Items]
Property, plant and equipment	$ 15,140,597	$ 15,445,775
Other assets	1,504,530	926,066
Total assets	29,325,866	27,918,698
Accrued property, plant and equipment	275,348	187,334
Total liabilities	18,171,773	$ 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]
Property, plant and equipment	77,568
Other assets	2,948
Total assets	80,516
Accrued property, plant and equipment	9,482
Total liabilities	$ 9,482

Equity Method Investments - Sch

Equity Method Investments - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 301,009	$ 245,049
EMEA 1 Joint Venture with GIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 124,364	131,516
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 158,507	95,052
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 18,138	$ 18,481

Equity Method Investments - Nar

Equity Method Investments - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Apr. 06, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 301,009		$ 245,049
EMEA 1 Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 124,364		$ 131,516
Ownership Percentage	20%
EMEA 1 Joint Venture | Equity Contribution Commitment
Schedule of Equity Method Investments [Line Items]
Equity contribution commitment	$ 24,300
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	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Equity investment	$ 301,009	$ 245,049
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Equity investment	158,507	$ 95,052
Outstanding receivables	22,531
Future equity contribution commitments	65,310
Total	$ 304,681
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	$ 58,333
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	$ 58,300
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
EMEA 1 Joint Venture
Related Party Transaction [Line Items]
Revenues	$ 5,957	$ 11,698	$ 31,138	$ 30,548
Expenses	2,010	4,006	$ 5,422	12,786
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	$ 9,551	$ 4,928	$ 29,739	$ 19,373

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	Sep. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Finance Lease Right of Use Assets	$ 1,777,807	$ 1,875,696
Finance Lease Right of Use Liabilities	2,042,072
Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Related Party Transaction [Line Items]
Receivables	22,531	29,077
Contract Assets	3,227	1,492
Payables	0	1,876
EMEA 1 Joint Venture | Joint Venture
Related Party Transaction [Line Items]
Receivables	29,808	32,077
Contract Assets	53,998	54,503
Finance Lease Right of Use Assets	92,199	118,817
Other Liabilities and Payables	1,303	2,483
Other Liabilities and Payables - construction obligation	32,929	39,382
Deferred Revenue	14,351	16,886
Finance Lease Right of Use Liabilities	$ 98,565	$ 124,918

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Narrative (Detail) - USD ($)	9 Months Ended
	Sep. 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	2,900,000,000	3,300,000,000
Net Investment Hedges | Designated as hedging instruments:
Derivative [Line Items]
Derivative, notional amount	1,600,000,000	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	437,400,000	831,200,000
Net gain (loss) to be reclassified within the next 12 months, foreign currency cash flow hedge	67,900,000	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Total	$ 360,350	$ 131,080	$ 805,661	$ 264,219
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	12,585	11,901	37,029	32,720
Foreign currency debt
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	125,840	36,308	283,431	81,290
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)	228,210	89,494	571,532	207,598
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	(23,959)	(2,527)	(92,913)	(27,944)
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	12,739	11,863	37,346	32,478
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)	33,257	7,858	48,900	3,302
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	(2,998)	(53)	(5,289)	(27)
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	$ (154)	$ 38	$ (317)	$ 242

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Cash Flow Hedges (Details) - Cash Flow Hedges - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	$ 8,370	$ 35,234	$ 105,042	$ 67,353
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	28,355	(7,092)	45,925	(22,693)
Amount of gain or (loss) excluded from effectiveness testing included in income:	0	0	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:	8,720	27,860	55,300	61,067
Foreign currency option
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency option contracts (excluded component)	0	0	0	151
Amount of gain or (loss) excluded from effectiveness testing included in income:	0	0	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)	7,374	49,742	6,135
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	(1,101)	(376)	(2,955)
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:	53,874	(11,863)	89,275	(41,397)
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:	$ (25,869)	$ 5,872	$ (42,974)	$ 21,659

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ 138,725	$ 62,331	$ 270,791	$ 127,759
Embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	1,023	(568)	6,168
Economic hedge of embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	(1,532)	(983)	(6,024)
Foreign currency forward contracts | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ 138,725	$ 62,840	$ 272,342	$ 127,615

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Fair Value of Derivative Instruments (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 793,051	$ 177,349
Liabilities	2,395	34,272
Designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	623,288	88,605
Liabilities	14	27,129
Designated as hedging instruments: | Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	70,539	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	512,227	56,921
Liabilities	0	19,441
Designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	40,522	156
Liabilities	14	70
Not designated as hedging instruments:
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	169,763	88,744
Liabilities	2,381	7,143
Not designated as hedging instruments: | Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	169,763	83,265
Liabilities	2,381	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	Sep. 30, 2022	Dec. 31, 2021
Derivative assets
Gross Amounts	$ 820,443	$ 207,037
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	820,443	207,037
Gross Amounts not Offset in the Balance Sheet	(15,582)	(47,538)
Net	804,861	159,499
Derivative liabilities
Gross Amounts	15,596	49,326
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	15,596	49,326
Gross Amounts not Offset in the Balance Sheet	(15,582)	(47,538)
Net	$ 14	$ 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	Sep. 30, 2022	Dec. 31, 2021
Assets:
Derivative instruments	$ 793,051	$ 177,349
Total financial assets	1,924,411	763,030
Liabilities:
Derivative instruments	2,395	34,272
Money market and deposit accounts
Assets:
Cash and cash equivalents	1,131,360	585,681
Level 1
Assets:
Derivative instruments	0	0
Total financial assets	1,131,360	585,681
Liabilities:
Derivative instruments	0	0
Level 1 | Money market and deposit accounts
Assets:
Cash and cash equivalents	1,131,360	585,681
Level 2
Assets:
Derivative instruments	793,051	177,349
Total financial assets	793,051	177,349
Liabilities:
Derivative instruments	2,395	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	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($) option	Mar. 31, 2022 USD ($) option	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Finance lease ROU assets	$ 1,777,807			$ 1,875,696
Finance lease ROU liabilities	2,042,072
Operating lease ROU assets	1,377,195			$ 1,282,418
Operating lease ROU liabilities	$ 1,364,391
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finance lease cost
Amortization of ROU assets	$ 39,456	$ 41,983	$ 120,684	$ 115,221
Interest on lease liabilities	27,742	28,672	84,986	88,688
Total finance lease cost	67,198	70,655	205,670	203,909
Operating lease cost	55,031	54,340	159,632	167,839
Variable lease cost	12,721	8,323	30,003	23,993
Total lease cost	$ 134,950	$ 133,318	$ 395,305	$ 395,741

Leases - Other Information (Det

Leases - Other Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$ 82,841	$ 85,141
Operating cash flows from operating leases	144,954	202,861
Financing cash flows from finance leases	97,808	130,129
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	78,432	374,529
Operating leases	$ 318,882	$ 9,359
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 ROU assets	$ 1,777,807		$ 1,875,696
Accumulated amortization, finance lease, right-of-use asset	$ 783,700		$ 726,400

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Operating Leases
2022 (3 months remaining)	$ 37,716
2023	181,874
2024	178,703
2025	173,446
2026	171,270
Thereafter	1,090,190
Total lease payments	1,833,199
Plus amount representing residual property value	0
Less imputed interest	(468,808)
Total	1,364,391
Finance Leases
2022 (3 months remaining)	64,070
2023	230,923
2024	231,316
2025	229,443
2026	218,926
Thereafter	2,046,538
Total lease payments	3,021,216
Plus amount representing residual property value	0
Less imputed interest	(979,144)
Total	2,042,072
Total
2022 (3 months remaining)	101,786
2023	412,797
2024	410,019
2025	402,889
2026	390,196
Thereafter	3,136,728
Total lease payments	4,854,415
Plus amount representing residual property value	0
Less imputed interest	(1,447,952)
Total	3,406,463
Lessee, Lease, Description [Line Items]
Operating and finance leases not yet commenced, liability	$ 551,500
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	26 years

Debt Facilities - Mortgage and

Debt Facilities - Mortgage and Loans Payable (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Loans payable, gross	$ 610,026	$ 618,388
Less amount representing unamortized debt discount and debt issuance cost	(1,084)	(354)
Loans payable current and non current	608,942	619,664
Less current portion	(9,810)	(33,087)
Loans payable, noncurrent	599,132	586,577
Term loans
Debt Instrument [Line Items]
Loans payable, gross	574,786	549,697
Mortgage payable and loans payable
Debt Instrument [Line Items]
Loans payable, gross	35,240	68,691
Mortgage
Debt Instrument [Line Items]
Add amount representing unamortized mortgage premium	$ 0	$ 1,630

Debt Facilities - Additional In

Debt Facilities - Additional Information (Details)						3 Months Ended			9 Months Ended
	Jan. 07, 2022 USD ($)	Jan. 07, 2022 GBP (£)	Jun. 02, 2021 USD ($)	May 17, 2021 USD ($)	Mar. 24, 2021 USD ($)	Sep. 30, 2022 USD ($) credit	Sep. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2022 USD ($) credit	Sep. 30, 2021 USD ($)	Apr. 05, 2022 USD ($)	Mar. 15, 2022 USD ($)	Jan. 07, 2022 GBP (£)	Dec. 31, 2021 USD ($)	May 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						$ 12,738,246,000			$ 12,738,246,000
Gain (loss) on debt extinguishment						75,000	$ 179,000		184,000	$ (115,339,000)
Amount of debt discounts and debt issuance costs						1,084,000			1,084,000					$ 354,000
Interest paid, net of capitalized interest						85,900,000	$ 80,000,000		$ 287,400,000	$ 296,900,000
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						120,095,000			$ 120,095,000					117,986,000
Amount outstanding under the term loan facility, net						$ 12,008,125,000			$ 12,008,125,000					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	€ 500,000,000
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	€ 600,000,000
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						$ 556,900,000			$ 556,900,000					$ 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 | £													£ 500,000,000
Debt issuance cost, net	800,000
Proceeds from lines of credit	$ 676,900,000	£ 500,000,000
Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Numbers of letters of credit outstanding | credit						41			41
Letters of credit outstanding, amount						$ 81,700,000			$ 81,700,000

Debt Facilities - Senior Notes

Debt Facilities - Senior Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Apr. 05, 2022	Dec. 31, 2021	May 17, 2021	Mar. 10, 2021
Debt Instrument [Line Items]
Total long term debt	$ 12,738,246
Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	12,128,220		$ 11,102,130
Less amount representing unamortized debt issuance cost	(120,095)		(117,986)
Total long term debt	12,008,125		10,984,144
Less current portion	0		0
Total	12,008,125		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	$ 490,100		$ 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	$ 588,120		$ 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	Sep. 30, 2022 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2022 (3 months remaining)	$ 2,578
2023	9,780
2024	1,009,449
2025	1,208,199
2026	1,307,750
Thereafter	9,200,490
Total long term debt	$ 12,738,246

Debt Facilities - Fair Value of

Debt Facilities - Fair Value of Debt Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Mortgage and loans payable	$ 625,732	$ 621,051
Senior notes	$ 9,835,700	$ 11,049,834

Debt Facilities - Interest Char

Debt Facilities - Interest Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Disclosure [Abstract]
Interest expense	$ 91,346	$ 78,943	$ 262,137	$ 255,855
Interest capitalized	5,512	6,426	14,267	19,217
Interest charges incurred	$ 96,858	$ 85,369	$ 276,404	$ 275,072

Commitments and Contingencies (

Commitments and Contingencies (Detail)	Sep. 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	$ 1,200,000,000
Percentage guarantee on debt payments	0.20
Maximum guarantee under credit facility arrangement	$ 267,600,000
Maximum future payments under debt guarantees	58,300,000
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	1,700,000,000
Miscellaneous Purchase Commitments
Other Commitments [Line Items]
Purchase commitments	$ 1,700,000,000

Stockholders' Equity - Rollforw

Stockholders' Equity - Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			90,571,406				90,571,406
Beginning balance	$ 10,629,594	$ 10,942,810	$ 10,881,764	$ 10,646,472	$ 10,576,675	$ 10,634,118	$ 10,881,764	$ 10,634,118
Beginning balance (in shares)			(301,420)				(301,420)
Net income (loss)	211,739	216,242	$ 147,693	152,026	68,487	156,074	$ 575,674	376,587
Other comprehensive income (loss)	(337,189)	(365,877)	32,840	(100,647)	67,745	(95,481)	$ (670,226)	(128,383)
Issuance of common stock and release of treasury stock		14,039
Issuance of common stock and release of treasury stock for employee equity awards	37,667		43,876	37,595	0	40,034
Dividend distribution on common stock	(286,136)	(282,168)	(282,031)	(257,769)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(327)	(57)	(497)	(299)	(55)	(437)
Accrued dividends on unvested equity awards	(4,031)	(4,400)	(2,045)	(3,906)	(4,016)	(3,661)
Stock-based compensation, net of estimated forfeitures	$ 106,757	109,005	121,210	95,101	95,236	102,349
Ending balance (in shares)	92,536,979						92,536,979
Ending balance	$ 11,154,093	10,629,594	10,942,810	10,568,573	10,646,472	10,576,675	$ 11,154,093	10,568,573
Ending balance (in shares)	(249,384)						(249,384)
ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	$ 796,019				99,599
Equinix Stockholders' Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	10,629,784	10,942,885	10,882,082	10,646,472	10,576,834	10,633,988	$ 10,882,082	10,633,988
Net income (loss)	211,807	216,322	147,453	152,216	68,339	156,362
Other comprehensive income (loss)	(337,161)	(365,842)	32,837	(100,647)	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	37,667		43,876	37,595		40,034
Dividend distribution on common stock	(286,136)	(282,168)	(282,031)	(257,769)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(327)	(57)	(497)	(299)	(55)	(437)
Accrued dividends on unvested equity awards	(4,031)	(4,400)	(2,045)	(3,906)	(4,016)	(3,661)
Stock-based compensation, net of estimated forfeitures	106,757	109,005	121,210	95,101	95,236	102,349
Ending balance	11,154,379	$ 10,629,784	$ 10,942,885	$ 10,568,763	10,646,472	$ 10,576,834	$ 11,154,379	$ 10,568,763
Equinix Stockholders' Equity | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	$ 796,019				$ 99,599
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	91,340,481	91,303,799	90,872,826	90,065,200	89,890,922	89,462,304	90,872,826	89,462,304
Beginning balance	$ 91	$ 91	$ 91	$ 90	$ 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)	285,176		430,973	278,731	36,674	428,618
Issuance of common stock and release of treasury stock for employee equity awards	$ 1			$ 0		$ 1
Issuance of common stock	$ 1
Ending balance (in shares)	92,786,363	91,340,481	91,303,799	90,343,931	90,065,200	89,890,922	92,786,363	90,343,931
Ending balance	$ 93	$ 91	$ 91	$ 90	$ 90	$ 90	$ 93	$ 90
Common Stock | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)	1,160,706				137,604
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (98,792)	$ (107,949)	$ (112,208)	$ (117,270)	$ (117,786)	$ (122,118)	$ (112,208)	$ (122,118)
Beginning balance (in shares)	(265,366)	(289,975)	(301,420)	(315,023)	(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)	15,982		11,445	12,292	1,389	11,640
Issuance of common stock and release of treasury stock for employee equity awards	$ 5,947		$ 4,259	$ 4,574	$ 516	$ 4,332
Ending balance	$ (92,845)	$ (98,792)	$ (107,949)	$ (112,696)	$ (117,270)	$ (117,786)	$ (92,845)	$ (112,696)
Ending balance (in shares)	(249,384)	(265,366)	(289,975)	(302,731)	(315,023)	(316,412)	(249,384)	(302,731)
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 16,259,311	$ 16,145,424	$ 15,984,597	$ 15,360,726	$ 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	31,719		39,617	33,021	(516)	35,701
Settlement of accrued dividends on vested equity awards				0
Stock-based compensation, net of estimated forfeitures	106,757	109,005	121,210	95,101	95,236	102,349
Ending balance	17,193,805	16,259,311	16,145,424	15,488,848	15,360,726	15,166,407	17,193,805	15,488,848
Additional Paid-in Capital | ATM Program
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock	796,018				99,599
Accumulated Dividends
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(6,736,338)	(6,449,713)	(6,165,140)	(5,640,963)	(5,379,693)	(5,119,274)	(6,165,140)	(5,119,274)
Dividend distribution on common stock	(286,136)	(282,168)	(282,031)	(257,769)	(257,199)	(256,321)
Settlement of accrued dividends on vested equity awards	(327)	(57)	(497)	(299)	(55)	(437)
Accrued dividends on unvested equity awards	(4,031)	(4,400)	(2,045)	(3,906)	(4,016)	(3,661)
Ending balance	(7,026,832)	(6,736,338)	(6,449,713)	(5,902,937)	(5,640,963)	(5,379,693)	(7,026,832)	(5,902,937)
AOCI (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,418,756)	(1,052,914)	(1,085,751)	(941,114)	(1,008,848)	(913,368)	(1,085,751)	(913,368)
Other comprehensive income (loss)	(337,161)	(365,842)	32,837	(100,647)	67,734	(95,480)	(670,166)
Ending balance	(1,755,917)	(1,418,756)	(1,052,914)	(1,041,761)	(941,114)	(1,008,848)	(1,755,917)	(1,041,761)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,624,268	2,407,946	2,260,493	1,985,003	1,916,664	1,760,302	2,260,493	1,760,302
Net income (loss)	211,807	216,322	147,453	152,216	68,339	156,362
Ending balance	2,836,075	2,624,268	2,407,946	2,137,219	1,985,003	1,916,664	2,836,075	2,137,219
Non-controlling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(190)	(75)	(318)	0	(159)	130	(318)	130
Net income (loss)	(68)	(80)	240	(190)	148	(288)
Other comprehensive income (loss)	(28)	(35)	3	0	11	(1)
Ending balance	$ (286)	$ (190)	$ (75)	$ (190)	$ 0	$ (159)	$ (286)	$ (190)

Stockholders' Equity - Rollfo_2

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

Stockholders' Equity - Componen

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Detail) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2022 USD ($) plan country	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2022 USD ($) plan country	Sep. 30, 2021 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 10,629,594	$ 10,942,810	$ 10,881,764	$ 10,646,472	$ 10,576,675	$ 10,634,118	$ 10,881,764	$ 10,634,118
Net Change	(337,189)	(365,877)	32,840	(100,647)	67,745	(95,481)	(670,226)	(128,383)
Ending balance	$ 11,154,093	10,629,594	10,942,810	10,568,573	10,646,472	10,576,675	$ 11,154,093	10,568,573
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	$ (1,418,756)	(1,052,914)	(1,085,751)	(941,114)	(1,008,848)	(913,368)	$ (1,085,751)	(913,368)
Net Change	(337,161)	(365,842)	32,837	(100,647)	67,734	(95,480)	(670,166)
Ending balance	(1,755,917)	$ (1,418,756)	(1,052,914)	$ (1,041,761)	$ (941,114)	$ (1,008,848)	(1,755,917)	$ (1,041,761)
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							(1,566,542)
Ending balance	(2,634,941)						(2,634,941)
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							90,774
Ending balance	84,184						84,184
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							805,661
Ending balance	795,709						795,709
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							(59)
Ending balance	$ (869)						$ (869)

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Detail) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2022 USD ($) alternative	Sep. 30, 2022 USD ($) agreement $ / shares shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) agreement $ / shares shares	Sep. 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				856,959
Weighted-average grant date fair value (in dollars per share) | $ / shares				$ 661.64
Requisite service period (in years)				3 years 6 months 7 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
Issuance of common stock, shares sold | shares				579,873
Issuance of common stock, weighted average price (in dollars per share) | $ / shares		$ 678.72		$ 678.72
Gross proceeds from sale of stock				$ 393.6
2020 ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, equity offering agreement, available for sale		$ 200		$ 200
Issuance of common stock in offering (in shares) | shares		580,833		580,833	137,604
Gross proceeds from sale of stock		$ 403.6	$ 99.6	$ 403.6	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 101,830	$ 94,710	$ 296,464	$ 267,395
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	10,732	9,713	33,053	28,188
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	22,507	20,565	65,862	59,047
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 68,591	$ 64,432	$ 197,549	$ 180,160

Segment Information - Narrative

Segment Information - Narrative (Detail)	9 Months Ended
	Sep. 30, 2022 segment line
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue from External Customer [Line Items]
Revenues	$ 1,840,659	$ 1,675,176	$ 5,392,260	$ 4,929,159
Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	1,748,132	1,563,616	5,097,907	4,617,011
Colocation
Revenue from External Customer [Line Items]
Revenues	1,296,093	1,164,198	3,772,410	3,450,425
Interconnection
Revenue from External Customer [Line Items]
Revenues	318,250	291,109	942,657	858,602
Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	102,466	96,330	309,012	283,679
Other
Revenue from External Customer [Line Items]
Revenues	31,323	11,979	73,828	24,305
Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	92,527	111,560	294,353	312,148
Americas
Revenue from External Customer [Line Items]
Revenues	846,161	763,053	2,477,446	2,239,636
Americas | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	805,466	721,292	2,353,485	2,120,623
Americas | Colocation
Revenue from External Customer [Line Items]
Revenues	555,352	504,711	1,619,511	1,489,829
Americas | Interconnection
Revenue from External Customer [Line Items]
Revenues	190,283	168,511	558,877	501,016
Americas | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	54,704	43,313	159,255	122,532
Americas | Other
Revenue from External Customer [Line Items]
Revenues	5,127	4,757	15,842	7,246
Americas | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	40,695	41,761	123,961	119,013
EMEA
Revenue from External Customer [Line Items]
Revenues	591,812	545,227	1,741,493	1,601,873
EMEA | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	564,034	503,288	1,636,826	1,489,189
EMEA | Colocation
Revenue from External Customer [Line Items]
Revenues	445,733	400,395	1,293,641	1,187,373
EMEA | Interconnection
Revenue from External Customer [Line Items]
Revenues	66,703	65,809	201,688	192,717
EMEA | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	28,493	31,445	89,930	94,732
EMEA | Other
Revenue from External Customer [Line Items]
Revenues	23,105	5,639	51,567	14,367
EMEA | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	27,778	41,939	104,667	112,684
Asia-Pacific
Revenue from External Customer [Line Items]
Revenues	402,686	366,896	1,173,321	1,087,650
Asia-Pacific | Recurring Revenues
Revenue from External Customer [Line Items]
Revenues	378,632	339,036	1,107,596	1,007,199
Asia-Pacific | Colocation
Revenue from External Customer [Line Items]
Revenues	295,008	259,092	859,258	773,223
Asia-Pacific | Interconnection
Revenue from External Customer [Line Items]
Revenues	61,264	56,789	182,092	164,869
Asia-Pacific | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	19,269	21,572	59,827	66,415
Asia-Pacific | Other
Revenue from External Customer [Line Items]
Revenues	3,091	1,583	6,419	2,692
Asia-Pacific | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	$ 24,054	$ 27,860	$ 65,725	$ 80,451

Segment Information - Schedule

Segment Information - Schedule of Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 870,916	$ 786,298	$ 2,530,960	$ 2,356,807
Depreciation, amortization and accretion expense	(431,668)	(419,684)	(1,300,882)	(1,231,760)
Stock-based compensation expense	(101,830)	(94,710)	(296,464)	(267,395)
Transaction costs	(2,007)	(5,197)	(11,310)	(13,364)
Gain (loss) on asset sales	(2,252)	15,414	(3,976)	14,149
Interest income	11,192	411	17,806	1,514
Interest expense	(91,346)	(78,943)	(262,137)	(255,855)
Other income (expense)	(6,735)	1,482	(22,522)	(44,845)
Gain (loss) on debt extinguishment	75	179	184	(115,339)
Income before income taxes	246,345	205,250	651,659	443,912
Americas
Segment Reporting Information [Line Items]
Total adjusted EBITDA	395,159	321,768	1,127,938	992,184
EMEA
Segment Reporting Information [Line Items]
Total adjusted EBITDA	283,286	267,553	839,013	773,642
Asia-Pacific
Segment Reporting Information [Line Items]
Total adjusted EBITDA	$ 192,471	$ 196,977	$ 564,009	$ 590,981

Segment Information - Segment D

Segment Information - Segment Disclosures (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 430,192	$ 418,931	$ 1,298,802	$ 1,230,189
Capital expenditures	552,729	678,277	1,450,077	1,934,107
Americas
Segment Reporting Information [Line Items]
Total depreciation and amortization	234,300	218,749	693,232	644,316
Capital expenditures	278,487	246,497	688,635	702,013
EMEA
Segment Reporting Information [Line Items]
Total depreciation and amortization	111,879	114,494	342,552	340,435
Capital expenditures	168,481	277,124	528,808	765,342
Asia-Pacific
Segment Reporting Information [Line Items]
Total depreciation and amortization	84,013	85,688	263,018	245,438
Capital expenditures	$ 105,761	$ 154,656	$ 232,634	$ 466,752

Segment Information - Long-Live

Segment Information - Long-Lived Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	$ 15,140,597	$ 15,445,775
Operating lease right-of-use assets	1,377,195	1,282,418
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	7,085,772	6,777,174
Operating lease right-of-use assets	268,966	297,300
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	4,865,289	5,125,341
Operating lease right-of-use assets	405,170	470,330
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Company's long-lived assets	3,189,536	3,543,260
Operating lease right-of-use assets	$ 703,059	$ 514,788

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 02, 2022 $ / shares
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 3.10