Exhibit 12.1
Equinix, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| Years ended December 31, | ||||||||||||||||||||
| 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||||
| Earnings: |
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| Net loss before income taxes and cumulative effect of a change in accounting principle |
$ | (21,618 | ) | $ | (84,171 | ) | $ | (68,478 | ) | $ | (42,069 | ) | $ | (6,334 | ) | |||||
| Fixed charges: |
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| Interest expense |
35,098 | 20,512 | 11,496 | 8,880 | 14,875 | |||||||||||||||
| Interest factor on operating leases |
7,558 | 8,594 | 9,251 | 8,828 | 8,516 | |||||||||||||||
| Subtotal |
42,656 | 29,106 | 20,747 | 17,708 | 23,391 | |||||||||||||||
| Total Earnings |
$ | 21,038 | $ | (55,065 | ) | $ | (47,731 | ) | $ | (24,362 | ) | $ | 17,057 | |||||||
| Fixed Charges: |
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| Fixed charges: |
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| Interest expense |
$ | 35,098 | $ | 20,512 | $ | 11,496 | $ | 8,880 | $ | 14,875 | ||||||||||
| Capitalized interest |
124 | — | — | — | 1,575 | |||||||||||||||
| Interest factor on operating leases |
7,558 | 8,594 | 9,251 | 8,828 | 8,516 | |||||||||||||||
| Total Fixed Charges |
$ | 42,780 | $ | 29,106 | $ | 20,747 | $ | 17,708 | $ | 24,966 | ||||||||||
| Ratio of Earnings to Fixed Charges (1) |
1.0:2.0 | — | — | — | 1.0:1.5 | |||||||||||||||
| Coverage Deficiency (1) |
$ | — | $ | (84,171 | ) | $ | (68,478 | ) | $ | (42,069 | ) | $ | — | |||||||
| (1) | Earnings were inadequate to cover fixed charges for all periods presented except for the years ended December 31, 2002 and 2006. As a result, the coverage deficiency is provided for all periods presented in which earnings were inadequate to cover fixed charges. |