Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2012

Cash, Cash Equivalents and Short-Term and Long-Term Investments

Cash, cash equivalents and short-term and long-term investments consisted of the following as of (in thousands):

	June 30, 2012		December 31, 2011
Cash and cash equivalents:
Cash	$	636,708	$	74,101
Cash equivalents:
Money markets		17,388		198,931
Certificates of deposit		—		4,500
Commercial paper		—		1,000
Corporate bonds		—		291
Total cash and cash equivalents		654,096		278,823
Marketable securities:
U.S. government securities		82,147		573,277
U.S. government agencies securities		54,586		129,235
Corporate bonds		18,075		64,308
Certificates of deposit		12,882		24,472
Commercial paper		995		—
Asset-backed securities		240		947
Foreign government securities		—		5,283
Total marketable securities		168,925		797,522
Total cash, cash equivalents and short-term and long-term investments	$	823,021	$	1,076,345

Fair Value and Gross Unrealized Gains and Losses on Available-For-Sale Securities

The following table summarizes the fair value and gross unrealized gains and losses related to the Company’s short-term and long-term investments in marketable securities designated as available-for-sale securities as of (in thousands):

	June 30, 2012
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
U.S. government securities	$	82,225	$	12	$	(90	)	$	82,147
U.S. government agencies securities		54,585		43		(42	)		54,586
Corporate bonds		18,057		21		(3	)		18,075
Certificates of deposit		12,890		1		(9	)		12,882
Commercial paper		995		—		—			995
Asset-backed securities		233		7		—			240
Total	$	168,985	$	84	$	(144	)	$	168,925
	December 31, 2011
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value
U.S. government securities	$	573,232	$	91	$	(46	)	$	573,277
U.S. government agencies securities		129,159		104		(28	)		129,235
Corporate bonds		64,364		51		(107	)		64,308
Certificates of deposit		24,471		3		(2	)		24,472
Foreign government securities		5,295		—		(12	)		5,283
Asset-backed securities		890		57		—			947
Total	$	797,411	$	306	$	(195	)	$	797,522

Summary of Fair Value and Gross Unrealized Loss Position Related Available-For-Sale

The following table summarizes the fair value and gross unrealized losses related to 54 available-for-sale securities with an aggregate cost basis of $88,593,000 aggregated by type of investment and length of time that individual securities have been in a continuous unrealized loss position, as of June 30, 2012 (in thousands):

	Securities in a loss position for less than 12 months
	Fair value		Gross unrealized losses
U.S. government securities	$	66,677	$	(90	)
U.S. government agencies securities		15,929		(42	)
Corporate bonds		4,400		(3	)
Certificates of deposit		1,443		(9	)
	$	88,449	$	(144	)

Accounts Receivables, Net

Accounts receivables, net, consisted of the following as of (in thousands):

	June 30, 2012			December 31, 2011
Accounts receivable	$	287,450		$	250,211
Unearned revenue		(113,419	)		(106,519	)
Allowance for doubtful accounts		(4,219	)		(4,635	)
	$	169,812		$	139,057

Other Current Assets

Other current assets consisted of the following as of (in thousands):

	June 30, 2012		December 31, 2011
Deferred tax assets, net	$	28,026	$	42,743
Prepaid expenses		17,008		19,441
Restricted cash, current		10,812		88,279
Taxes receivable		9,055		24,313
Other receivables		1,061		2,999
Other current assets		4,257		4,381
	$	70,219	$	182,156

Property, Plant and Equipment, Net

Property, plant and equipment consisted of the following as of (in thousands):

	June 30, 2012			December 31, 2011
IBX plant and machinery	$	1,880,085		$	1,833,834
Leasehold improvements		976,761			958,391
Buildings		584,530			509,359
IBX equipment		381,106			368,530
Site improvements		307,599			305,169
Computer equipment and software		156,924			138,147
Land		94,728			91,314
Furniture and fixtures		18,386			18,144
Construction in progress		611,299			330,780
		5,011,418			4,553,668
Less accumulated depreciation		(1,485,579	)		(1,327,756	)
	$	3,525,839		$	3,225,912

Goodwill and Intangible Assets

Goodwill and intangible assets, net, consisted of the following as of (in thousands):

	June 30, 2012			December 31, 2011
Goodwill:
Americas	$	492,480		$	499,455
EMEA		350,216			347,018
Asia-Pacific		20,491			20,022
	$	863,187		$	866,495
Intangible assets:
Intangible asset – customer contracts	$	170,571		$	171,230
Intangible asset – favorable leases		18,339			18,315
Intangible asset – others		5,107			5,245
		194,017			194,790
Accumulated amortization		(55,818	)		(46,155	)
	$	138,199		$	148,635

Estimated Future Amortization Expense Related to Intangibles

The Company’s estimated future amortization expense related to these intangibles is as follows (in thousands):

Year ending:
2012 (six months remaining)	$	9,632
2013		19,217
2014		18,857
2015		18,392
2016		17,850
Thereafter		54,251
Total	$	138,199

Other Assets

Other assets consisted of the following (in thousands):

	June 30, 2012		December 31, 2011
Debt issuance costs, net	$	44,791	$	41,320
Prepaid expenses, non-current		41,196		54,118
Deposits		20,816		24,304
Deferred tax assets, net		16,579		16,980
Restricted cash, non-current		3,240		4,382
Other assets, non-current		7,789		5,620
	$	134,411	$	146,724

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following (in thousands):

	June 30, 2012		December 31, 2011
Accounts payable	$	27,517	$	23,268
Accrued compensation and benefits		60,998		66,330
Accrued interest		48,474		50,916
Accrued taxes		45,102		43,539
Accrued utilities and security		20,288		21,456
Accrued professional fees		5,293		4,783
Accrued repairs and maintenance		2,978		3,458
Accrued other		14,339		15,293
	$	224,989	$	229,043

Other Current Liabilities

Other current liabilities consisted of the following (in thousands):

	June 30, 2012		December 31, 2011
Deferred installation revenue	$	37,895	$	35,700
Customer deposits		12,930		13,669
Deferred recurring revenue		5,111		2,918
Accrued restructuring charges		2,382		2,565
Deferred rent		1,624		1,582
Deferred tax liabilities, net		394		394
Asset retirement obligations		92		344
Other current liabilities		270		518
	$	60,698	$	57,690

Other Liabilities

Other liabilities consisted of the following (in thousands):

	June 30, 2012		December 31, 2011
Deferred tax liabilities, net	$	117,459	$	117,995
Asset retirement obligations, non-current		60,376		56,243
Deferred rent, non-current		45,734		48,372
Deferred installation revenue, non-current		25,877		24,281
Accrued taxes, non-current		18,853		22,226
Accrued restructuring charges, non-current		4,294		5,255
Deferred recurring revenue, non-current		4,091		5,472
Customer deposits, non-current		3,171		4,209
Other liabilities		2,495		2,371
	$	282,350	$	286,424