Exhibit 12.1
Equinix, Inc.
Computation of Consolidated Ratio of Earnings to Fixed Charges
(in thousands)
| Years ended December 31, | Three months ended March 31, |
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| 2006 | 2007 | 2008 | 2009 | 2010 | 2010 | 2011 | ||||||||||||||||||||||
| Earnings: |
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| Income (loss) before income taxes and cumulative effect of a change in accounting principle |
$ | (6,334 | ) | $ | (9,418 | ) | $ | 20,305 | $ | 109,028 | $ | 49,880 | $ | 22,876 | $ | 36,270 | ||||||||||||
| Fixed charges: |
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| Interest expense |
14,630 | 32,014 | 61,677 | 74,232 | 140,475 | 25,675 | 37,361 | |||||||||||||||||||||
| Interest factor on operating leases |
8,516 | 10,867 | 15,110 | 18,408 | 30,930 | 5,295 | 8,875 | |||||||||||||||||||||
| Subtotal |
23,146 | 42,881 | 76,787 | 92,640 | 171,405 | 30,970 | 46,236 | |||||||||||||||||||||
| Total Earnings |
$ | 16,812 | $ | 33,463 | $ | 97,092 | $ | 201,668 | $ | 221,285 | $ | 53,846 | $ | 82,506 | ||||||||||||||
| Fixed Charges: |
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| Fixed charges: |
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| Interest expense |
$ | 14,630 | $ | 32,014 | $ | 61,677 | $ | 74,232 | $ | 140,475 | $ | 25,675 | $ | 37,361 | ||||||||||||||
| Capitalized interest |
1,575 | 10,380 | 7,946 | 12,853 | 10,349 | 3,748 | 2,624 | |||||||||||||||||||||
| Interest factor on operating leases |
8,516 | 10,867 | 15,110 | 18,408 | 30,930 | 5,295 | 8,875 | |||||||||||||||||||||
| Total Fixed Charges |
$ | 24,721 | $ | 53,261 | $ | 84,733 | $ | 105,493 | $ | 181,754 | $ | 34,718 | $ | 48,860 | ||||||||||||||
| Ratio of Earnings to Fixed Charges |
1.5x | 1.6x | 0.9x | 0.5x | 0.8x | 0.6x | 0.6x | |||||||||||||||||||||