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Equinix cash flow statement

In fiscal 2025, Equinix's operations generated $3.91bn of cash; it spent $4.31bn on capital projects, leaving free cash flow of −$400m. It returned $1.86bn in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations3553935876326056898951,0191,4391,8151,9932,3102,5472,9633,2173,2493,9114,171
Depreciation and amortisation1742513343914334825268371,0421,2271,2851,4231,6561,7371,8452,0092,0502,178
Stock-based pay53677283103118132156176181237295364404407462498542
Capital spending37015281,0995726608681,1131,3792,0962,0802,2832,7522,2782,7813,0664,3115,828
Free cash flow−14378559−467322927−9461−281−8727−204685436183−400−1,657
Free cash flow after stock pay−67311488−550−71−89−106−250−115−461−323−268−56828129−279−898−2,199
Dividends paid—————835214996217398369481,0431,1521,3751,6431,8562,008
Share buybacks——87134929800——————————
Shares issued————0082902,4813881,6611,9814987967341,673990

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Equinix's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Equinix.