Switch, inc. (SWCH)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Revenue

128,096

125,723

117,558

111,587

107,442

103,214

102,768

102,161

97,717

99,328

97,689

92,101

89,157

Cost of revenue

67,029

65,153

62,112

57,889

57,525

55,213

59,150

55,194

54,856

53,655

50,744

48,456

45,375

Gross profit

61,067

60,570

55,446

53,698

49,917

48,001

43,618

46,967

42,861

45,673

46,945

43,645

43,782

Selling, general and administrative expense

40,116

38,092

37,314

33,047

34,251

31,092

31,086

31,139

33,451

99,628

21,494

20,104

19,343

Income from operations

20,951

22,478

18,132

20,651

15,666

16,909

12,532

15,828

9,410

-54,604

25,451

23,541

24,439

Other income (expense):
Interest expense, including $409 and $409, respectively, in amortization of debt issuance costs

7,435

8,024

6,743

7,338

7,131

6,544

7,409

6,144

6,273

7,290

8,856

4,913

4,020

Income (Loss) from Equity Method Investments

-

-

0

0

-

0

0

0

-331

-122

-221

-293

-441

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

0

-3,565

-

Loss on interest rate swaps

-17,555

2,775

-3,926

-8,781

-4,985

0

0

0

0

-

-

-

-

Other

277

218

245

516

502

680

752

822

1,029

688

112

183

350

Total other expense

-24,713

-5,031

-10,424

-15,603

-11,614

-5,864

-6,657

-5,322

-5,575

-6,724

-8,965

-8,588

-4,111

(Loss) income before income taxes

-3,762

17,447

7,708

5,048

4,052

11,045

5,875

10,506

3,835

-61,328

16,486

14,953

20,328

Income tax benefit (expense)

-273

1,455

610

442

206

-121

1,212

967

-115

-981

0

0

0

Net (loss) income

-3,489

15,992

7,098

4,606

3,846

11,166

4,663

9,539

3,950

-60,347

16,486

14,953

20,328

Less: net (loss) income attributable to noncontrolling interest

-2,273

11,060

5,024

3,428

3,113

8,612

4,657

8,718

3,279

6,628

0

0

0

Net (loss) income attributable to Switch, Inc.

-1,216

4,932

2,074

1,178

733

2,554

6

821

671

-66,975

16,486

14,953

20,328

Net (loss) income per share (Note 8):
Earnings Per Share [Abstract]
Basic (in dollars per share)

-0.01

0.07

0.02

0.02

0.01

0.05

0.00

0.02

0.02

-2.13

0.08

0.07

0.10

Diluted (in dollars per share)

-0.01

0.07

0.02

0.01

0.01

0.05

0.00

0.02

0.02

-2.13

0.08

0.07

0.10

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)

94,366

88,619

84,135

77,714

55,536

53,698

50,669

42,358

36,003

-568,871

200,747

200,644

199,776

Diluted (in shares)

94,366

572,670

86,261

79,021

247,364

-162,713

50,710

42,463

252,552

-589,812

208,973

207,642

205,493

Other comprehensive (loss) income:
Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.00

-

Other comprehensive income:
Foreign currency translation adjustment, net of tax of $0

0

0

0

0

0

0

0

0

331

122

221

293

272

Comprehensive (loss) income

-3,489

15,992

7,098

4,606

3,846

11,166

4,663

9,539

4,281

-60,225

16,707

15,246

20,600

Less: comprehensive (loss) income attributable to noncontrolling interest

-2,273

11,060

5,024

3,428

3,113

8,612

4,657

8,718

3,562

6,732

0

0

0

Comprehensive (loss) income attributable to Switch, Inc.

-1,216

4,932

2,074

1,178

733

2,554

6

821

719

-66,957

16,707

15,246

20,600