| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Revenue | ||||||
462,310 | 405,860 | 378,275 | 318,352 | 265,870 | ||
Cost of revenue | ||||||
242,679 | 224,413 | 198,230 | 168,844 | 141,060 | ||
Gross profit | ||||||
219,631 | 181,447 | 180,045 | 149,508 | 124,810 | ||
Selling, general and administrative expense | ||||||
142,704 | 126,768 | 160,569 | 71,420 | 45,251 | ||
Impact fee expense | ||||||
- | - | 649 | 27,018 | 0 | ||
Income from operations | ||||||
76,927 | 54,679 | 18,827 | 51,070 | 79,559 | ||
Other income (expense): | ||||||
Interest expense, including $409 and $409, respectively, in amortization of debt issuance costs | ||||||
29,236 | 26,370 | 25,079 | 10,836 | 7,682 | ||
Income (Loss) from Equity Method Investments | ||||||
0 | -331 | -1,077 | -10,138 | 821 | ||
Gain (Loss) on Extinguishment of Debt | ||||||
- | - | -3,600 | 0 | -212 | ||
Loss on interest rate swaps | ||||||
-14,917 | 0 | 0 | - | - | ||
Gain on sale of asset | ||||||
- | - | - | - | 248 | ||
Impairment of notes receivable | ||||||
- | - | - | 2,371 | 0 | ||
Gain (Loss) on Termination of Lease | ||||||
- | - | - | 2,801 | 0 | ||
Other | ||||||
1,481 | 3,283 | 1,333 | 842 | 738 | ||
Total other expense | ||||||
-42,672 | -23,418 | -28,388 | -19,702 | -6,087 | ||
(Loss) income before income taxes | ||||||
34,255 | 31,261 | -9,561 | 31,368 | 73,472 | ||
Income tax benefit (expense) | ||||||
2,713 | 1,943 | -981 | 0 | 0 | ||
Net (loss) income | ||||||
31,542 | 29,318 | -8,580 | 31,368 | 73,472 | ||
Less: net (loss) income attributable to noncontrolling interest | ||||||
22,625 | 25,266 | 6,628 | 0 | 0 | ||
Net (loss) income attributable to Switch, Inc. | ||||||
8,917 | 4,052 | -15,208 | 31,368 | 73,472 | ||
Net (loss) income per share (Note 8): | ||||||
Earnings Per Share [Abstract] | ||||||
Basic (in dollars per share) | ||||||
0.12 | 0.09 | -1.88 | 0.16 | 0.37 | ||
Diluted (in dollars per share) | ||||||
0.11 | 0.09 | -1.88 | 0.15 | 0.37 | ||
Weighted average shares used in computing net (loss) income per share (Note 8): | ||||||
Weighted average shares used in computing net income (loss) per share (Note 14): | ||||||
Basic (in shares) | ||||||
76,501 | 45,682 | 8,074 | 199,047 | 196,773 | ||
Diluted (in shares) | ||||||
246,329 | 45,753 | 8,074 | 203,461 | 199,272 | ||
Other comprehensive income: | ||||||
Foreign currency translation adjustment, net of tax of $0 | ||||||
0 | 331 | 908 | -86 | -607 | ||
Comprehensive (loss) income | ||||||
31,542 | 29,649 | -7,672 | 31,282 | 72,865 | ||
Less: comprehensive (loss) income attributable to noncontrolling interest | ||||||
22,625 | 25,549 | 6,732 | 0 | 0 | ||
Comprehensive (loss) income attributable to Switch, Inc. | ||||||
8,917 | 4,100 | -14,404 | 31,282 | 72,865 | ||