Earnings Per Share

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
Net income	$	275,760	$	211,739	$	741,503	$	575,674
Net (income) loss attributable to non-controlling interests	34		68		107		(92)
Net income attributable to Equinix	$	275,794	$	211,807	$	741,610	$	575,582

Weighted-average shares used to calculate basic EPS	93,683		91,896		93,396		91,234
Effect of dilutive securities:
Employee equity awards	485		239		392		285
Weighted-average shares used to calculate diluted EPS	94,168		92,135		93,788		91,519

EPS attributable to Equinix:
Basic EPS	$	2.94	$	2.30	$	7.94	$	6.31
Diluted EPS	$	2.93	$	2.30	$	7.91	$	6.29

We have excluded common stock related to employee equity awards in the diluted EPS calculation above of approximately 25,000 and 351,000 shares for the three months ended September 30, 2023 and 2022, respectively, and approximately 79,000 and 379,000 shares for the nine months ended September 30, 2023 and 2022, respectively, because its effect would be anti-dilutive.