01—Abstract
Summary
Summary of the 10-K/A filed February 27, 2023. Cited figures are marked; the original filing is the authoritative source.
This 10-K/A filing from Equinix Inc. (EQIX) is an amendment to its previously filed 2022 Annual Report (10-K).
The amendment is solely to correct a typographical error in Exhibit 23.1, which is the consent of its independent registered public accounting firm, PricewaterhouseCoopers LLP (PwC). The error involved the incorrect incorporation by reference of PwC's consent into specific SEC registration statements.
This amendment revises Exhibit 23.1 to accurately reflect the auditor's consent without altering any other financial or operational disclosures from the original 10-K. Therefore, investors should refer to the original 10-K for the company's financial performance and business operations for the fiscal year ended December 31, 2022.
02—Key points
Key Highlights
- This filing is an amendment (10-K/A) to the original 2022 Form 10-K, not a new report.
- The amendment is exclusively for correcting a typographical error in the auditor's consent (Exhibit 23.1).
- The specific error involved the incorrect listing of SEC registration statement file numbers for the auditor's consent.
- No other financial, operational, or business disclosures from the original 10-K are changed or updated by this amendment.
- PricewaterhouseCoopers LLP remains the independent registered public accounting firm.
- New certifications from the Principal Executive Officer and Principal Financial Officer are being filed as required by the amendment process.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2022, Equinix kept $0.10.
- Revenue$7.26B100.0%
- Cost of revenue−$3.75B51.6%
- Gross profit$3.51B48.4%
- Operating costs−$2.31B31.8%
- Operating income$1.20B16.5%
- Interest, other & tax−$495.0M6.8%
- Net income$705.0M9.7%
Where FY2022 revenue went
$7.26B- Cost of revenue: $3.75B, 52% of revenue
- Operating costs: $2.31B, 32% of revenue
- Net income: $705.0M, 9.7% of revenue
- Interest, other & tax: $495.0M, 6.8% of revenue
Kept 9.7% as net income
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2022filed February 27, 2023Financial Statements
FY2022 against FY2021
| Line item | FY2022FY2021 | Change |
|---|---|---|
| Revenue | $7.26B$6.64B | +9.5% |
| Cost of Revenue | $3.75B$3.47B | +8.0% |
| Gross Profit | $3.51B$3.16B | +11.0% |
| Operating Expenses | $6.06B$5.53B | +9.7% |
| Operating Income | $1.20B$1.11B | +8.3% |
| Interest Expense | $356.34M$336.08M | +6.0% |
| Net Income | $705.00M$499.73M | +41.1% |
| EPS (Basic) | $7.69$5.57 | +38.1% |
| EPS (Diluted) | $7.67$5.53 | +38.7% |
| Shares Outstanding (Basic) | 91.57M89.77M | +2.0% |
| Shares Outstanding (Diluted) | 91.83M90.41M | +1.6% |
05—Questions
Frequently Asked Questions
What is the primary reason for this 10-K/A filing?
The primary reason for this filing is to correct a typographical error in Exhibit 23.1 of the original 10-K. This exhibit contains the consent of Equinix's independent auditor, PricewaterhouseCoopers LLP (PwC), and the error related to which SEC registration statements its consent was incorporated by reference into.
Does this amendment change Equinix's financial results or business operations for 2022?
No, this amendment does not change or update any financial results, business operations, or other disclosures from the original Form 10-K filed on February 17, 2023. It is solely a technical correction related to the auditor's consent exhibit.
Where can I find the actual financial performance and business details for Equinix in 2022?
You should refer to the original Form 10-K filing for the fiscal year ended December 31, 2022, which was filed on February 17, 2023. This amendment does not contain updated information on the company's performance or operations.
Who is Equinix's auditor, and are there any concerns raised about their audit?
Equinix's independent registered public accounting firm is PricewaterhouseCoopers LLP (PwC). This amendment is a technical correction of an administrative error in their consent filing and does not indicate any concerns about the audit itself or the company's financial statements as presented in the original 10-K.
06—Continue