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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Schedule of rollforward of stockholders' equity

The following tables provide a rollforward of our stockholders' equity for the three months ended March 31, 2021 and 2020 (in thousands, except share and per share data):

																																							AOCI (Loss)						Retained Earnings						Equinix Stockholders' Equity						Non-controlling Interests						Total Stockholders' Equity
			Common Stock												Treasury Stock												Additional Paid-in Capital						Accumulated Dividends
			Shares						Amount						Shares						Amount
Balance as of December 31, 2020			89,462,304						$	89					(328,052)						$	(122,118)					$	15,028,357					$	(5,119,274)					$	(913,368)					$	1,760,302					$	10,633,988					$	130					$	10,634,118
Net income			—						—						—						—						—						—						—						156,362						156,362						(288)						156,074
Other comprehensive loss			—						—						—						—						—						—						(95,480)						—						(95,480)						(1)						(95,481)
Issuance of common stock and release of treasury stock for employee equity awards			428,618						1						11,640						4,332						35,701						—						—						—						40,034						—						40,034
Dividend distribution on common stock, $2.87 per share			—						—						—						—						—						(256,321)						—						—						(256,321)						—						(256,321)
Settlement of accrued dividends on vested equity awards			—						—						—						—						—						(437)						—						—						(437)						—						(437)
Accrued dividends on unvested equity awards			—						—						—						—						—						(3,661)						—						—						(3,661)						—						(3,661)
Stock-based compensation, net of estimated forfeitures			—						—						—												102,349						—						—						—						102,349						—						102,349
Balance as of March 31, 2021			89,890,922						$	90					(316,412)						$	(117,786)					$	15,166,407					$	(5,379,693)					$	(1,008,848)					$	1,916,664					$	10,576,834					$	(159)					$	10,576,675

																											Additional Paid-in Capital						Accumulated Dividends						AOCI (Loss)						Retained Earnings						Equinix Stockholders' Equity						Non-controlling interests						Total Stockholders' Equity
			Common Stock												Treasury Stock
			Shares						Amount						Shares						Amount
Balance as of December 31, 2019			85,700,953						$	86					(392,567)						$	(144,256)					$	12,696,433					$	(4,168,469)					$	(934,613)					$	1,391,425					$	8,840,606					$	(224)					$	8,840,382
Adjustment from adoption of new accounting standard update			—						—						—						—						—						—						—						(900)						(900)						—						(900)
Net income			—						—						—						—						—						—						—						118,792						118,792						165						118,957
Other comprehensive income			—						—						—						—						—						—						(272,056)						—						(272,056)						(11)						(272,067)
Issuance of common stock and release of treasury stock for employee equity awards			405,550						—						50,594						16,958						13,432						—						—						—						30,390						—						30,390
Issuance of common stock under ATM Program			162,530						—						—						—						101,791						—						—						—						101,791						—						101,791
Dividend distribution on common stock, $2.66 per share			—						—						—						—						—						(227,387)						—						—						(227,387)						—						(227,387)
Settlement of accrued dividends on vested equity awards			—						—						—						—						109						(403)						—						—						(294)						—						(294)
Accrued dividends on unvested equity awards			—						—						—						—						—						(3,268)						—						—						(3,268)						—						(3,268)
Stock-based compensation, net of estimated forfeitures			—						—						—						—						81,690						—						—						—						81,690						—						81,690
Balance as of March 31, 2020			86,269,033						$	86					(341,973)						$	(127,298)					$	12,893,455					$	(4,399,527)					$	(1,206,669)					$	1,509,317					$	8,669,364					$	(70)					$	8,669,294

Schedule of changes in accumulated other comprehensive loss

The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands):

			Balance as of December 31, 2020						Net Change												Balance as of March 31, 2021
Foreign currency translation adjustment ("CTA") gain (loss)			$	(508,415)					$	(295,145)											$	(803,560)
Unrealized gain (loss) on cash flow hedges (1)			(67,152)						29,478												(37,674)
Net investment hedge CTA gain (loss) (1)			(336,934)						170,175												(166,759)
Net actuarial gain (loss) on defined benefit plans (2)			(867)						12												(855)
Accumulated other comprehensive loss attributable to Equinix			$	(913,368)					$	(95,480)											$	(1,008,848)

(1)Refer to Note 6 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income.

(2)We have two defined benefit pension plans covering all employees in two countries where such plan is mandated by law.

Schedule of stock-based compensation expense by operating expense category

The following table presents, by operating expense category, our stock-based compensation expense recognized in our condensed consolidated statements of operations (in thousands):

			Three Months Ended March 31,
			2021						2020
Cost of revenues			$	8,467					$	9,343
Sales and marketing			17,703						18,545
General and administrative			52,180						52,678
Total			$	78,350					$	80,566

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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