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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2582265
Cash and cash equivalents2582265
Receivables231816
Prepaid expense775
Other current assets422
Total current assets:59108288
Noncurrent Assets
Property, plant and equipment1,5511,3031,134
Contract with customer, asset, net3 
Deposits noncurrent assets334
Other noncurrent assets46179
Other undisclosed noncurrent assets11129 
Total noncurrent assets:1,7151,3521,147
TOTAL ASSETS:1,7741,4601,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities403631
Accounts payable192119
Accrued liabilities15106
Employee-related liabilities655
Debt668
Deferred revenue and credits11
Contract with customer, liability15 
Other undisclosed current liabilities533316
Total current liabilities:1147565
Noncurrent Liabilities
Long-term debt and lease obligation803600606
Long-term debt, excluding current maturities745581587
Capital lease obligations581919
Liabilities, other than long-term debt41219
Deferred revenue and credits19
Contract with customer, liability28 
Other liabilities132 
Other undisclosed noncurrent liabilities188752
Total noncurrent liabilities:1,032677627
Total liabilities:1,146752693
Stockholders' equity
Stockholders' equity attributable to parent, including:207143109
Additional paid in capital205140107
Accumulated other comprehensive income000
Retained earnings232
Other undisclosed stockholders' equity attributable to parent000
Stockholders' equity attributable to noncontrolling interest420565633
Total stockholders' equity:628708742
TOTAL LIABILITIES AND EQUITY:1,7741,4601,435

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

12/31/2019
12/31/2018
12/31/2017
Revenues462406378
Cost of revenue(243)(224)(198)
Gross profit:220181180
Operating expenses(143)(127)(161)
Other undisclosed operating loss  (1)
Operating income:775519
Nonoperating expense(43)(23)(28)
Interest and debt expense(29)(26)(4)
Income (loss) from continuing operations before equity method investments, income taxes:55(13)
Other undisclosed income from continuing operations before income taxes29264
Income (loss) from continuing operations before income taxes:3431(10)
Income tax expense (benefit)(3)(2)1
Net income (loss):3229(9)
Net loss attributable to noncontrolling interest(23)(25)(7)
Net income (loss) available to common stockholders, basic:94(15)
Dilutive securities, effect on basic earnings per share17  
Net income (loss) available to common stockholders, diluted:264(15)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income (loss):3229(9)
Other undisclosed comprehensive income 01
Comprehensive income (loss):3230(8)
Comprehensive loss, net of tax, attributable to noncontrolling interest(23)(26)(7)
Comprehensive income (loss), net of tax, attributable to parent:94(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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