Exhibit 12.1

EQUINIX, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio data)

 
Years ended December 31,
 
 
2013
 
2014
 
2015
 
2016
 
2017
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
$
112,279

 
$
84,733

 
$
210,998

 
$
159,859

 
$
286,832

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
248,792

 
270,553

 
299,055

 
392,156

 
478,698

 
Amortization of capitalized interest
4,858

 
5,536

 
6,277

 
6,840

 
8,121

 
Interest factor on operating leases
33,811

 
31,617

 
30,464

 
42,181

 
47,374

 
Subtotal
$
287,461

 
$
307,706

 
$
335,796

 
$
441,177

 
$
534,193

 
 
 
 
 
 
 
 
 
 
 
 
Total earnings
$
399,740

 
$
392,439

 
$
546,794

 
$
601,036

 
$
821,025

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
248,792

 
270,553

 
299,055

 
392,156

 
478,698

 
Capitalized interest
10,608

 
19,004

 
10,943

 
13,338

 
22,625

 
Interest factor operating leases
33,811

 
31,617

 
30,464

 
42,181

 
47,374

 
Total fixed charges
$
293,211

 
$
321,174

 
$
340,462

 
$
447,675

 
$
548,697

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.4

x
1.2

x
1.6

x
1.3

x
1.5

x