Deferred tax liability

[Table of Contents](#i89c3c9328e454b30b2c14123b867f3f0_7)EQUINIX, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)  
  
$16.1 million of deferred tax liability in connection with this purchase. The transaction was accounted for as an asset acquisition since substantially all of the fair value of the acquired assets is for the identified at-the-money lease intangible asset. (2)  Accumulated amortization - other includes an insignificant amount of amortization of at-the-money lease contracts.Changes in the carrying amount of goodwill by geographic regions are as follows (in thousands):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Americas |  | EMEA |  | Asia-Pacific |  | Total |
| Balance as of December 31, 2019 | $ | 1,741,689  |  |  | $ | 2,426,306  |  |  | $ | 613,863  |  |  | $ | 4,781,858  |  |
| Purchase of Packet | 230,620  |  |  | —  |  |  | —  |  |  | 230,620  |  |
| Purchase of Bell | 170,548  |  |  | —  |  |  | —  |  |  | 170,548  |  |
| Purchase of Axtel | 78,902  |  |  | —  |  |  | —  |  |  | 78,902  |  |
| Sale of xScale data center facilities | —  |  |  | —  |  |  | (7,306) |  |  | (7,306) |  |
| Impact of foreign currency exchange | (8,977) |  |  | 184,860  |  |  | 42,048  |  |  | 217,931  |  |
| Balance as of December 31, 2020 | 2,212,782  |  |  | 2,611,166  |  |  | 648,605  |  |  | 5,472,553  |  |
| Purchase of GPX | —  |  |  | —  |  |  | 77,162  |  |  | 77,162  |  |
| Impact of foreign currency exchange | (2,773) |  |  | (138,580) |  |  | (36,291) |  |  | (177,644) |  |
| Balance as of December 31, 2021 | $ | 2,210,009  |  |  | $ | 2,472,586  |  |  | $ | 689,476  |  |  | $ | 5,372,071  |  |

Changes in the net book value of intangible assets by geographic regions are as follows (in thousands):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Americas |  | EMEA |  | Asia-Pacific |  | Total |
| Balance as of December 31, 2018 | $ | 1,578,971  |  |  | $ | 543,860  |  |  | $ | 210,465  |  |  | $ | 2,333,296  |  |
| ASC 842 adoption adjustment | (108) |  |  | (20,692) |  |  | (2,405) |  |  | (23,205) |  |
| Switch AMS1 data center acquisition | —  |  |  | 4,889  |  |  | —  |  |  | 4,889  |  |
| Asset sales - NY12 data center | (8,412) |  |  | —  |  |  | —  |  |  | (8,412) |  |
| Other | —  |  |  | 1,096  |  |  | 472  |  |  | 1,568  |  |
| Amortization of intangibles | (125,390) |  |  | (54,432) |  |  | (16,456) |  |  | (196,278) |  |
| Impact of foreign currency exchange | (1,769) |  |  | (8,157) |  |  | 457  |  |  | (9,469) |  |
| Balance as of December 31, 2019 | 1,443,292  |  |  | 466,564  |  |  | 192,533  |  |  | 2,102,389  |  |
| Axtel acquisition | 22,750  |  |  | —  |  |  | —  |  |  | 22,750  |  |
| Packet acquisition | 58,500  |  |  | —  |  |  | —  |  |  | 58,500  |  |
| Bell acquisition | 75,631  |  |  | —  |  |  | —  |  |  | 75,631  |  |
| Other asset acquisition(1) | —  |  |  | 64,905  |  |  | —  |  |  | 64,905  |  |
| Amortization of intangibles | (133,608) |  |  | (49,417) |  |  | (16,022) |  |  | (199,047) |  |
| Impact of foreign currency exchange | (3,476) |  |  | 35,975  |  |  | 13,318  |  |  | 45,817  |  |
| Balance as of December 31, 2020 | 1,463,089  |  |  | 518,027  |  |  | 189,829  |  |  | 2,170,945  |  |
| GPX acquisition | —  |  |  | —  |  |  | 15,472  |  |  | 15,472  |  |
| Amortization of intangibles | (133,289) |  |  | (55,807) |  |  | (16,388) |  |  | (205,484) |  |
| Impact of foreign currency exchange | (2,047) |  |  | (30,278) |  |  | (13,341) |  |  | (45,666) |  |
| Balance as of December 31, 2021 | $ | 1,327,753  |  |  | $ | 431,942  |  |  | $ | 175,572  |  |  | $ | 1,935,267  |  |



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(1) For further discussion, refer to footnote 1 of the table on the previous page.Goodwill and intangible assets which are denominated in currencies other than the U.S. Dollar are subject to foreign currency fluctuations. Our foreign currency translation gains and losses, including goodwill and intangibles, are a component of other comprehensive income and loss.F-33  

