| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||||
Net (loss) income | ||||||||||||
24,207 | 31,542 | 26,541 | 24,106 | 29,214 | 29,318 | -42,194 | -30,372 | -24,958 | -8,580 | 0 | 0 | 0 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization of property and equipment | ||||||||||||
123,905 | 119,945 | 115,953 | 114,706 | 110,621 | 106,666 | 103,758 | 97,659 | 93,690 | 89,124 | 0 | 0 | 0 |
Loss on disposal of property and equipment | ||||||||||||
-603 | -586 | -545 | -686 | -1,035 | -1,206 | -1,354 | -1,159 | -763 | -569 | 0 | 0 | 0 |
Deferred income taxes | ||||||||||||
2,234 | 2,713 | 1,128 | 1,730 | 2,264 | 1,943 | 1,083 | -129 | -1,096 | -981 | 0 | 0 | 0 |
Amortization of debt issuance costs | ||||||||||||
1,636 | 1,636 | 1,636 | 1,636 | 1,636 | 1,636 | 1,629 | 1,623 | 1,459 | 1,303 | 0 | 0 | 0 |
Credit loss expense (benefit) | ||||||||||||
-59 | -100 | 17 | 43 | 101 | 207 | 311 | 487 | -24 | 400 | 0 | 0 | 0 |
Unrealized loss on interest rate swaps | ||||||||||||
-25,774 | -14,014 | -17,449 | -13,765 | -4,985 | 0 | 0 | 0 | 0 | - | - | - | - |
Equity in net losses of investments | ||||||||||||
- | - | - | - | - | -331 | -453 | -674 | -967 | -1,077 | 0 | 0 | 0 |
Equity-based compensation | ||||||||||||
28,903 | 29,524 | 30,437 | 30,755 | 31,521 | 35,733 | 108,105 | 101,792 | 94,897 | 84,790 | 0 | 0 | 0 |
Amortization of portfolio energy credits | ||||||||||||
1,752 | 1,844 | 1,704 | 3,085 | 2,794 | 2,467 | 0 | 0 | 0 | - | - | - | - |
Cost of revenue for sales-type leases | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
4,712 | 5,492 | 3,695 | 4,078 | -8,054 | 187 | 1,571 | -751 | 5,297 | 6,435 | 0 | 0 | 0 |
Prepaid expenses | ||||||||||||
379 | 775 | 3,030 | 525 | 1,561 | 1,744 | -155 | 1,210 | 1,368 | 1,116 | 0 | 0 | 0 |
Other current assets | ||||||||||||
1,109 | 545 | 137 | 158 | -237 | 231 | 327 | -427 | 358 | 261 | 0 | 0 | 0 |
Other assets | ||||||||||||
-2,965 | -3,447 | 4,307 | 6,109 | 4,331 | 5,353 | 3,581 | 1,651 | 1,258 | 1,221 | 0 | 0 | 0 |
Accounts payable | ||||||||||||
3,296 | -892 | 1,441 | -306 | -2,743 | -312 | 4,177 | 2,084 | 597 | 5,079 | 0 | 0 | 0 |
Accrued interest, capital lease obligations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Accrued salaries and benefits | ||||||||||||
1,346 | 570 | 2,655 | 1,472 | 828 | 47 | 1,008 | 1,080 | 754 | 991 | 0 | 0 | 0 |
Accrued expenses | ||||||||||||
665 | 2,198 | 1,228 | 1,659 | 3,645 | 3,309 | 557 | -371 | 4,791 | -2,435 | 0 | 0 | 0 |
Deferred revenue | ||||||||||||
9,503 | 12,437 | 19,727 | 7,283 | 2,769 | 2,196 | 1,642 | -3,506 | 759 | 6,006 | 0 | 0 | 0 |
Customer deposits | ||||||||||||
937 | 868 | 738 | 666 | 1,187 | 1,328 | 1,765 | 1,698 | 1,658 | 1,695 | 0 | 0 | 0 |
Increase (Decrease) in Operating Lease Liabilities | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Other long-term liabilities | ||||||||||||
-361 | -330 | 581 | 638 | -235 | -230 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by operating activities | ||||||||||||
220,049 | 209,413 | 210,611 | 191,054 | 190,823 | 178,330 | 181,727 | 173,763 | 142,601 | 146,601 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||
Acquisition of property and equipment | ||||||||||||
342,664 | 307,712 | 275,676 | 214,882 | 260,083 | 275,524 | 339,694 | 343,418 | 356,933 | 402,561 | 0 | 0 | 0 |
Acquisition of intangible asset | ||||||||||||
- | - | - | - | - | - | - | - | - | 32 | 0 | 0 | 0 |
Escrow deposit | ||||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | 0 | 0 | 0 |
Proceeds from sale of property and equipment | ||||||||||||
17 | 33 | 70 | 80 | 78 | 62 | 0 | 0 | 0 | - | - | - | - |
Proceeds from notes receivable | ||||||||||||
- | - | - | - | - | - | - | - | - | 211 | 0 | 0 | 0 |
Purchase of portfolio energy credits | ||||||||||||
2,005 | 1,703 | 1,704 | 3,085 | 2,875 | 2,608 | 2,104 | 172 | 171 | 169 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||
-344,652 | -309,382 | -277,310 | -214,379 | -261,858 | -278,095 | -334,166 | -346,928 | -356,516 | -402,451 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||
Proceeds from borrowings | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | 976,000 | 0 | 0 | 0 |
Repayment of borrowings, including finance lease liabilities | ||||||||||||
7,047 | 6,876 | 6,333 | 6,333 | 6,333 | 6,333 | 238,191 | 238,191 | 853,991 | 854,991 | 0 | 0 | 0 |
Change in long-term deposit | ||||||||||||
37 | 921 | 2,144 | 2,537 | 1,902 | -996 | -398 | -398 | 243 | 598 | 0 | 0 | 0 |
Payment of tax withholdings upon settlement of restricted stock unit awards | ||||||||||||
4,150 | 1,448 | 1,446 | 1,355 | 1,357 | 1,232 | 1,227 | 1,220 | 1,213 | 0 | 0 | 0 | 0 |
Dividends paid to Class A common stockholders | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Distributions paid to noncontrolling interest | ||||||||||||
23,592 | 19,370 | 0 | 0 | 0 | - | - | - | - | 185,265 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||
102,356 | 43,130 | 14,666 | -100,510 | -80,568 | -83,341 | 248,958 | 307,383 | 430,767 | 497,803 | 0 | 0 | 0 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | ||||||||||||
-22,247 | -56,839 | -52,033 | -123,835 | -151,603 | -183,106 | 96,519 | 134,218 | 216,852 | 241,953 | 0 | 0 | 0 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||||||||||
Cash paid for interest, net of amounts capitalized | ||||||||||||
26,756 | 26,238 | 26,360 | 26,778 | 26,163 | 24,841 | 25,174 | 26,704 | 24,466 | 23,494 | 0 | 0 | 0 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION: | ||||||||||||
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION: | ||||||||||||
Decrease in liabilities incurred to acquire property and equipment | ||||||||||||
21,291 | 24,238 | 6,430 | 5,944 | -14,801 | 8,807 | -21,147 | -31,887 | -28,205 | -53,455 | 0 | 0 | 0 |
Decrease in accrued construction payables incurred related to long-term deposit | ||||||||||||
111 | 993 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase in property and equipment related to transfer of long-term deposit | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Increase in dividends payable on unvested restricted stock units | ||||||||||||
369 | 363 | 314 | 249 | 216 | 126 | 0 | 0 | 0 | - | - | - | - |
Decrease in noncontrolling interest as a result of exchanges for Class A common stock | ||||||||||||
114,853 | 101,450 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Recognition of liabilities under tax receivable agreement | ||||||||||||
128,739 | 109,541 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase (decrease) in deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd. | ||||||||||||
105,926 | 88,588 | 70,389 | 56,306 | 28,784 | 29,512 | 0 | 0 | 0 | - | - | - | - |
Property and equipment obtained in exchange for new finance leases | ||||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - | - |
Increase in distributions payable on unvested common units | ||||||||||||
328 | 736 | 659 | 586 | 490 | 0 | 0 | 0 | 0 | - | - | - | - |
Dividends payable settled with shares of Class A common stock | ||||||||||||
131 | 30 | 30 | 28 | 28 | 0 | 0 | 0 | 0 | - | - | - | - |
Distributions used for payment of option loans and related interest | ||||||||||||
- | - | - | - | - | - | - | - | - | 173 | 0 | 0 | 0 |
Dividends and distributions declared but not paid | ||||||||||||
0 | - | - | - | 0 | - | - | - | 34 | 152 | 0 | 0 | 0 |