Earnings Per Share

9 Months Ended

Sep. 30, 2022

The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the periods presented (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income	$	211,739	$	152,026	$	575,674	$	376,587
Net (income) loss attributable to non-controlling interests	68		190		(92)		330
Net income attributable to Equinix	$	211,807	$	152,216	$	575,582	$	376,917

Weighted-average shares used to calculate basic EPS	91,896		89,858		91,234		89,614
Effect of dilutive securities:
Employee equity awards	239		609		285		588
Weighted-average shares used to calculate diluted EPS	92,135		90,467		91,519		90,202

EPS attributable to Equinix:
Basic EPS	$	2.30	$	1.69	$	6.31	$	4.21
Diluted EPS	$	2.30	$	1.68	$	6.29	$	4.18

We have excluded common stock related to employee equity awards in the diluted EPS calculation above of approximately 351,000 shares and 17,000 shares for the three months ended September 30, 2022 and 2021, respectively, and approximately 379,000 and 212,000 shares for the nine months ended September 30, 2022 and 2021, because their effect would be anti-dilutive.