Equinix said its Americas revenue for 2023 rose $268.3 million (8%), EMEA revenue rose $494.7 million (21%, or 28% on a constant currency basis), and Asia-Pacific revenue rose $162.1 million (10%, or 12% on a constant currency basis).

10-KAnnual reportFiled Feb 16, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

Equinix said its Americas revenue for 2023 rose $268.3 million (8%), EMEA revenue rose $494.7 million (21%, or 28% on a constant currency basis), and Asia-Pacific revenue rose $162.1 million (10%, or 12% on a constant currency basis).
The company said EMEA cost of revenues for 2023 rose $372.0 million (29%), mainly due to higher power costs and usage in France, Germany, the Netherlands, Switzerland and the United Kingdom. It said EMEA adjusted EBITDA rose $141.8 million (13%).
The company said interest expense rose to $402.0 million in 2023 from $356.3 million in 2022, citing new senior notes and higher rates on its GBP variable-rate loan. Its effective tax rate was 13.8% in 2022 (15.0%).
As of December 31, 2023, the company said it had $2.1 billion in cash and cash equivalents and $3.9 billion of additional liquidity available from its $4.0 billion revolving credit facility. It also disclosed key cash commitments, including about $13.2 billion in principal on its senior notes.

Key figures

Fiscal year ended December 31, 2023

Revenue: $8.2B
Operating income: $1.4B
Net income: $969M
EPS: $10.31
Operating cash flow: $3.2B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Regional Revenue Growth

Equinix said its Americas revenue for 2023 rose $268.3 million (8%), EMEA revenue rose $494.7 million (21%, or 28% on a constant currency basis), and Asia-Pacific revenue rose $162.1 million (10%, or 12% on a constant currency basis).

Source · Based on the MD&A text of the filing

EMEA Cost of Revenues and Adjusted EBITDA

The company said EMEA cost of revenues for 2023 rose $372.0 million (29%), mainly due to higher power costs and usage in France, Germany, the Netherlands, Switzerland and the United Kingdom. It said EMEA adjusted EBITDA rose $141.8 million (13%).

Source · Based on the MD&A text of the filing

Interest Expense and Effective Tax Rate

The company said interest expense rose to $402.0 million in 2023 from $356.3 million in 2022, citing new senior notes and higher rates on its GBP variable-rate loan. Its effective tax rate was 13.8% in 2022 (15.0%).

Source · Based on the MD&A text of the filing

Liquidity and Cash Commitments

As of December 31, 2023, the company said it had $2.1 billion in cash and cash equivalents and $3.9 billion of additional liquidity available from its $4.0 billion revolving credit facility. It also disclosed key cash commitments, including about $13.2 billion in principal on its senior notes.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.