What was Equinix's revenue growth for the nine months ended September 30, 2018?

Equinix reported a 19% increase in revenue for the nine months ended September 30, 2018, reaching $3.76 billion, driven by strong performance across all its geographic segments and both recurring and non-recurring revenue streams.

How did the acquisitions of Metronode and Infomart Dallas impact Equinix's financial performance?

These acquisitions contributed to revenue growth and expanded Equinix's global footprint. For the nine months ended September 30, 2018, the Infomart Dallas acquisition added approximately $199.8 million in revenue to the Americas segment, while the Metronode acquisition contributed approximately $31.7 million to the Asia-Pacific segment's revenue.

What is the company's strategy regarding debt and capital expenditures?

Equinix has incurred significant debt to fund its acquisitions and expansion activities, leading to an increase in interest expense. Capital expenditures for the nine months ended September 30, 2018, were $1.4 billion, primarily for IBX data center expansions. The company aims to fund these activities through operating cash flow, existing liquidity, and potentially additional financing.

How does Equinix manage its international operations and currency exposure?

Equinix operates in multiple international markets and is subject to foreign currency fluctuations. For the nine months ended September 30, 2018, foreign currency movements had mixed impacts across regions, with some unfavorable impacts in the Americas and favorable impacts in EMEA and Asia-Pacific due to currency exchange rate changes. The company utilizes hedging programs to mitigate some of this exposure.

EQIX 10-Q Quarterly Report Q3 FY2018 — Revenue, Net Income, EPS

Summary

Equinix Inc. (EQIX) reported solid performance for the nine months ended September 30, 2018, with revenues growing 19% year-over-year to $3.76 billion. This growth was driven by both recurring and non-recurring revenue streams across all geographic segments. The company successfully integrated recent acquisitions, including Metronode and Infomart Dallas, contributing to expansion in key markets. Despite increased interest expenses due to new debt issuances to fund these acquisitions and general expansion activities, Equinix demonstrated operational strength with an 11% increase in Adjusted EBITDA to $1.8 billion for the nine-month period. The company's strategic focus on expanding its global data center footprint continues, with significant capital expenditures supporting new IBX data center openings and expansions. While the company faced some unfavorable foreign currency impacts, its robust recurring revenue model and strong customer base provided resilience. Equinix reiterated its commitment to its REIT structure and continued dividend payments to shareholders.

Financial Highlights

56 data points

Beta

Revenue

$1.28B

0.5% Gross Margin

Net Income

$124.83M

0.1% Net Margin

EPS (Diluted)

$1.55

Total Assets

$20.29B

Cash & Equivalents

$870.49M

Free Cash Flow

-$128.38M

Financial Statements

Beta

Revenue	$1.28B
Cost of Revenue	$660.31M
Gross Profit	$623.44M
Operating Expenses	$1.02B
Operating Income	$265.75M
Interest Expense	$130.57M
Net Income	$124.83M
EPS (Basic)	$1.56
EPS (Diluted)	$1.55
Shares Outstanding (Basic)	79.87M
Shares Outstanding (Diluted)	80.28M

Key Highlights

1Revenue increased by 19% to $3.76 billion for the nine months ended September 30, 2018, compared to the same period in 2017.
2Adjusted EBITDA grew by 21% to $1.8 billion for the nine months ended September 30, 2018.
3The company completed significant acquisitions, including Metronode and Infomart Dallas, expanding its global data center footprint.
4Capital expenditures were substantial at $1.4 billion for the nine months ended September 30, 2018, primarily for IBX data center expansion.
5Interest expense increased significantly due to new debt issuances for acquisitions and general financing activities.
6The company declared and paid quarterly cash dividends of $2.28 per share.
7Equinix continues to operate under a REIT structure, managing its taxable REIT subsidiaries and foreign operations.

EQUINIX INC Quarterly Report for Q3 Ended Sep 30, 2018

Summary

Financial Highlights

Key Highlights

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