Equinix Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.35B | $815.0M | $969.0M | $705.0M | $500.2M | $369.8M | $507.5M | $365.4M |
| Depreciation & Amortization | $2.05B | $2.01B | $1.85B | $1.74B | $1.66B | $1.42B | $1.28B | $1.23B |
| Depreciation | — | $1.80B | $1.64B | $1.53B | $1.45B | $1.22B | $1.09B | $1.02B |
| Amortization | $200.0M | $208.0M | $208.0M | $205.0M | $205.5M | $199.0M | $196.3M | $203.4M |
| Stock-Based Compensation | $498.0M | $462.0M | $407.0M | $404.0M | $363.8M | $295.0M | $236.5M | $180.7M |
| Net Cash from Operating Activities | $3.91B | $3.25B | $3.22B | $2.96B | $2.55B | $2.31B | $1.99B | $1.82B |
| Investing Activities | ||||||||
| Capital Expenditures | $4.31B | $3.07B | $2.78B | $2.28B | $2.75B | $2.28B | $2.08B | $2.10B |
| Business Acquisitions | $251.0M | $0 | $0 | $964.0M | $158.5M | $1.18B | $34.1M | $829.7M |
| Net Cash from Investing Activities | $-6.48B | $-3.94B | $-3.22B | $-3.36B | $-3.01B | $-3.43B | $-1.94B | $-3.08B |
| Financing Activities | ||||||||
| Dividends Paid | $1.86B | $1.64B | $1.38B | $1.15B | $1.04B | $947.9M | $836.2M | $738.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.27B | $1.72B | $211.0M | $857.0M | $413.8M | $815.5M | $1.20B | $470.9M |
| Net Change in Cash | $-1.26B | $986.0M | $188.0M | $359.0M | $-76.2M | $-260.9M | $1.26B | $-823.1M |
| Free Cash Flow | $-400.0M | $183.0M | $436.0M | $685.0M | $-204.3M | $27.3M | $-86.8M | $-280.7M |