Switch, Inc. (SWCH) financial statements (2021 and earlier)

Company profile

Business Address 7135 SOUTH DECATUR BOULEVARD
LAS VEGAS, NV 89118
State of Incorp. NV
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments912582265
Cash and cash equivalents912582265
Receivables22231816
Prepaid expense8775
Other current assets2422
Total current assets:12359108288
Noncurrent Assets
Property, plant and equipment1,7371,5511,3031,134
Contract with customer, asset, net 3 
Deposits noncurrent assets3334
Deferred income tax assets203 
Other noncurrent assets4846179
Other undisclosed noncurrent assets 11129 
Total noncurrent assets:1,9921,7151,3521,147
TOTAL ASSETS:2,1141,7741,4601,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29403631
Accounts payable15192119
Accrued liabilities1015106
Employee-related liabilities5655
Deferred revenue15 
Debt4668
Derivative instruments and hedges, liabilities9   
Deferred revenue and credits11
Contract with customer, liability15 
Other undisclosed current liabilities47533316
Total current liabilities:1041147565
Noncurrent Liabilities
Long-term debt and lease obligation1,017803600606
Long-term debt, excluding current maturities991745581587
Capital lease obligations581919
Operating lease, liability26 
Liabilities, other than long-term debt4741219
Deferred revenue and credits19
Deferred revenue24 
Contract with customer, liability28 
Other liabilities23132 
Other undisclosed noncurrent liabilities336188752
Total noncurrent liabilities:1,4001,032677627
Total liabilities:1,5031,146752693
Stockholders' equity
Stockholders' equity attributable to parent, including:266207143109
Additional paid in capital266205140107
Accumulated other comprehensive income0000
Retained earnings0232
Other undisclosed stockholders' equity attributable to parent0000
Stockholders' equity attributable to noncontrolling interest345420565633
Total stockholders' equity:611628708742
TOTAL LIABILITIES AND EQUITY:2,1141,7741,4601,435

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues512462406378
Cost of revenue(279)(243)(224)(198)
Gross profit:232220181180
Operating expenses(137)(143)(127)(161)
Other undisclosed operating loss   (1)
Operating income:95775519
Nonoperating expense(53)(43)(23)(28)
Interest and debt expense(0)(29)(26)(4)
Income (loss) from continuing operations before equity method investments, income taxes:4355(13)
Other undisclosed income from continuing operations before income taxes029264
Income (loss) from continuing operations before income taxes:433431(10)
Income tax expense (benefit)(5)(3)(2)1
Net income (loss):383229(9)
Net loss attributable to noncontrolling interest(23)(23)(25)(7)
Net income (loss) available to common stockholders, basic:1694(15)
Dilutive securities, effect on basic earnings per share1817  
Net income (loss) available to common stockholders, diluted:33264(15)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):383229(9)
Other undisclosed comprehensive income  01
Comprehensive income (loss):383230(8)
Comprehensive loss, net of tax, attributable to noncontrolling interest(23)(23)(26)(7)
Comprehensive income (loss), net of tax, attributable to parent:1694(14)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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