Switch, Inc. SWCH Income Statement

Switch, inc. (SWCH)

Income statement / TTM

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
Revenue
482,964	462,310	439,801	425,011	415,585	405,860	401,974	396,895	386,835	378,275	0	0	0
Cost of revenue
252,183	242,679	232,739	229,777	227,082	224,413	222,855	214,449	207,711	198,230	0	0	0
Gross profit
230,781	219,631	207,062	195,234	188,503	181,447	179,119	182,446	179,124	180,045	0	0	0
Selling, general and administrative expense
148,569	142,704	135,704	129,476	127,568	126,768	195,304	185,712	174,677	160,569	0	0	0
Income from operations
82,212	76,927	71,358	65,758	60,935	54,679	-16,834	-3,915	3,798	18,827	0	0	0
Other income (expense):
Interest expense, including $409 and $409, respectively, in amortization of debt issuance costs
29,540	29,236	27,756	28,422	27,228	26,370	27,116	28,563	27,332	25,079	0	0	0
Income (Loss) from Equity Method Investments
-	-	0	0	-	-331	-453	-674	-967	-1,077	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	0	0	-
Loss on interest rate swaps
-27,487	-14,917	-17,692	-13,766	-4,985	0	0	0	0	-	-	-	-
Other
1,256	1,481	1,943	2,450	2,756	3,283	3,291	2,651	2,012	1,333	0	0	0
Total other expense
-55,771	-42,672	-43,505	-39,738	-29,457	-23,418	-24,278	-26,586	-29,852	-28,388	0	0	0
(Loss) income before income taxes
26,441	34,255	27,853	26,020	31,478	31,261	-41,112	-30,501	-26,054	-9,561	0	0	0
Income tax benefit (expense)
2,234	2,713	1,137	1,739	2,264	1,943	1,083	-129	-1,096	-981	0	0	0
Net (loss) income
24,207	31,542	26,716	24,281	29,214	29,318	-42,195	-30,372	-24,958	-8,580	0	0	0
Less: net (loss) income attributable to noncontrolling interest
17,239	22,625	20,177	19,810	25,100	25,266	23,282	18,625	9,907	6,628	0	0	0
Net (loss) income attributable to Switch, Inc.
6,968	8,917	6,539	4,471	4,114	4,052	-65,477	-48,997	-34,865	-15,208	0	0	0
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	331	453	674	967	908	0	0	0
Comprehensive (loss) income
24,207	31,542	26,716	24,281	29,214	29,649	-41,742	-29,698	-23,991	-7,672	0	0	0
Less: comprehensive (loss) income attributable to noncontrolling interest
17,239	22,625	20,177	19,810	25,100	25,549	23,669	19,012	10,294	6,732	0	0	0
Comprehensive (loss) income attributable to Switch, Inc.
6,968	8,917	6,539	4,471	4,114	4,100	-65,411	-48,710	-34,285	-14,404	0	0	0