EX-12.1 3 eqix-123117xexh121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1

EQUINIX, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio data)

 
Years ended December 31,
 
 
2013
 
2014
 
2015
 
2016
 
2017
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
$
112,279

 
$
84,733

 
$
210,998

 
$
159,859

 
$
286,832

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
248,792

 
270,553

 
299,055

 
392,156

 
478,698

 
Amortization of capitalized interest
4,858

 
5,536

 
6,277

 
6,840

 
8,121

 
Interest factor on operating leases
33,811

 
31,617

 
30,464

 
42,181

 
47,374

 
Subtotal
$
287,461

 
$
307,706

 
$
335,796

 
$
441,177

 
$
534,193

 
 
 
 
 
 
 
 
 
 
 
 
Total earnings
$
399,740

 
$
392,439

 
$
546,794

 
$
601,036

 
$
821,025

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
248,792

 
270,553

 
299,055

 
392,156

 
478,698

 
Capitalized interest
10,608

 
19,004

 
10,943

 
13,338

 
22,625

 
Interest factor operating leases
33,811

 
31,617

 
30,464

 
42,181

 
47,374

 
Total fixed charges
$
293,211

 
$
321,174

 
$
340,462

 
$
447,675

 
$
548,697

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.4

x
1.2

x
1.6

x
1.3

x
1.5

x