7Baggers
Quarterly
Annual
    Unit: USD2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
      
    		                     
      assets
    		                     
      current assets:
    		                     
      cash and cash equivalents
    		41,251,000 31,226,000 27,493,000 48,325,000 35,240,000 84,816,000 38,882,000 90,719,000 156,081,000 31,730,000 64,711,000 24,721,000 52,478,000 60,169,000 86,958,000 81,560,000 104,511,000 184,004,000 238,561,000   
      restricted cash
    		  1,890,000 1,890,000 3,968,000 3,968,000                
      accounts receivable
    		30,536,000 20,597,000 24,774,000 18,368,000 31,544,000 31,897,000 21,134,000 21,723,000 16,480,000 16,573,000 15,371,000 23,365,000 18,741,000 14,259,000 9,994,000 17,654,000 14,196,000 10,670,000 18,511,000 16,386,000 13,725,000 
      prepaid expenses
    		11,122,000 8,470,000 11,457,000 10,265,000 8,809,000 7,438,000 8,685,000 8,171,000 5,449,000 4,082,000 6,683,000 7,137,000 6,962,000 4,500,000 6,731,000 6,781,000 3,932,000 3,975,000 5,162,000 5,037,000 4,087,000 
      swap asset, current portion
    		9,569,000                     
      other current assets, net of allowance for credit losses of 3
    		4,449,000 6,539,000 4,627,000                   
      total current assets
    		96,927,000 66,832,000 70,241,000 83,472,000 82,392,000 130,683,000 70,826,000 122,848,000 180,771,000 55,575,000 91,201,000 59,040,000 80,609,000 81,287,000 106,022,000 108,327,000 125,730,000 204,734,000 265,913,000 288,190,000 35,401,000 
      property and equipment
    		2,500,213,000 2,386,870,000 2,317,408,000 2,237,059,000 2,138,545,000 2,059,944,000 1,801,302,000 1,737,415,000 1,675,229,000 1,630,119,000 1,583,491,000 1,551,117,000 1,444,993,000 1,346,348,000 1,309,514,000 1,302,770,000 1,281,057,000 1,248,939,000 1,183,165,000 1,133,572,000 1,072,823,000 
      long-term deposit
    		39,056,000 38,741,000 15,222,000 13,504,000 10,680,000 6,652,000 2,789,000 2,626,000 3,754,000 3,217,000 3,163,000 3,429,000 5,047,000 4,085,000 3,333,000 3,333,000 4,288,000   3,842,000  
      deferred income taxes
    		375,036,000 328,389,000 306,753,000 295,699,000 263,933,000 236,079,000 227,299,000 203,201,000 177,669,000 174,269,000 131,255,000 114,372,000 90,115,000 75,054,000 27,625,000 28,550,000 20,854,000     
      intangible assets
    		121,952,000 123,342,000 124,354,000 125,758,000 127,258,000 128,446,000                
      goodwill
    		106,350,000 106,350,000 106,350,000 106,350,000 106,473,000 108,741,000                
      other assets, net of allowance for credit losses of 95 and 91, respectively
    		61,729,000                     
      total assets
    		3,301,263,000 3,110,107,000 2,999,425,000 2,918,618,000 2,787,890,000 2,726,752,000 2,157,645,000 2,114,456,000 2,085,388,000 1,907,450,000 1,854,539,000 1,773,743,000 1,639,113,000 1,524,877,000 1,463,857,000 1,460,030,000 1,446,800,000 1,487,252,000 1,462,469,000 1,434,759,000 1,124,380,000 
      liabilities and stockholders’ equity
    		                     
      current liabilities:
    		                     
      long-term debt, current portion
    		4,000,000 4,000,000 4,000,000 4,000,000     6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 6,000,000 5,194,000   5,194,000  
      accounts payable
    		41,224,000 35,691,000 21,813,000 55,262,000 42,236,000 30,714,000 22,627,000 14,588,000 18,134,000 18,696,000 16,400,000 19,477,000 17,476,000 23,842,000 15,810,000 20,501,000 22,158,000 18,090,000 18,717,000 18,934,000 19,516,000 
      accrued salaries and benefits
    		14,612,000 10,075,000 8,316,000 6,786,000 14,226,000 9,523,000 7,129,000 4,884,000 13,408,000 9,202,000 6,853,000 5,828,000 12,626,000 9,897,000 5,507,000 5,258,000 9,971,000 8,425,000 4,679,000 5,211,000  
      accrued interest
    		8,120,000 8,646,000 7,822,000 8,577,000 8,203,000 8,661,000 1,551,000 7,132,000              
      accrued expenses and other
    		29,910,000 18,878,000 16,580,000 18,285,000 23,489,000 18,991,000 10,651,000 9,686,000              
      accrued construction payables
    		40,865,000 28,946,000 32,580,000 31,093,000 25,360,000 44,318,000 22,768,000 27,162,000 25,788,000 21,621,000 28,476,000 37,269,000 30,981,000 11,620,000 4,658,000 12,729,000 17,060,000 12,180,000 19,656,000 7,052,000 16,669,000 
      deferred revenue, current portion
    		26,839,000 21,395,000 21,163,000 16,905,000 16,377,000 14,273,000 18,401,000 14,870,000 14,476,000 12,868,000 15,826,000 14,991,000 13,713,000 10,598,000 10,987,000 10,800,000 9,921,000 10,220,000 11,665,000 11,482,000 9,890,000 
      customer deposits
    		16,976,000 16,998,000 16,707,000 16,335,000 16,231,000 15,744,000 12,804,000 12,348,000 11,828,000 11,655,000 11,128,000 10,830,000 10,442,000 10,062,000 10,191,000 9,962,000 9,704,000 9,396,000 9,004,000 8,634,000 7,939,000 
      swap liability, current portion
    		 1,796,000 2,846,000 8,062,000 9,334,000 11,504,000                
      operating lease liability, current portion
    		3,983,000 3,138,000 2,705,000 3,281,000 3,780,000 4,330,000 3,867,000 3,512,000 3,819,000 4,011,000 4,549,000 4,805,000          
      liabilities under tax receivable agreement, current portion
    		75,108,000 75,108,000                    
      total current liabilities
    		261,637,000 224,671,000 134,532,000 168,586,000 159,236,000 158,058,000 109,112,000 103,600,000 115,185,000 103,233,000 108,912,000 113,930,000 105,113,000 84,068,000 72,139,000 75,028,000 83,681,000 73,695,000 79,007,000 65,285,000 103,047,000 
      long-term debt
    		1,890,375,000 1,780,904,000 1,711,433,000 1,611,962,000 1,526,492,000 1,487,338,000 991,608,000 991,213,000 984,821,000 832,775,000 814,074,000 745,372,000 646,671,000 577,969,000 579,268,000 580,566,000 582,671,000   586,566,000  
      operating lease liability
    		31,143,000 31,276,000 31,467,000 32,157,000 32,631,000 34,001,000 27,474,000 25,536,000 26,359,000 24,355,000 25,117,000 26,142,000          
      finance lease liability
    		57,080,000 57,316,000 57,346,000 57,376,000 57,414,000 57,443,000 57,471,000 57,516,000 57,543,000 57,570,000 57,588,000 57,614,000          
      deferred revenue
    		26,765,000 23,854,000 25,507,000 25,921,000 26,347,000 25,880,000 24,803,000 23,862,000 23,564,000 23,576,000 24,756,000 27,852,000 36,847,000 26,870,000 23,155,000 22,260,000 20,912,000 19,965,000 19,299,000 19,382,000 19,301,000 
      liabilities under tax receivable agreement
    		  412,456,000 395,615,000 359,009,000 326,315,000 311,342,000 278,865,000 243,690,000 234,085,000 181,274,000 162,076,000 132,516,000 112,011,000 52,535,000 52,535,000 45,430,000 39,534,000    
      other long-term liabilities
    		1,087,000 935,000 969,000 8,360,000 13,103,000 15,391,000 17,108,000 22,897,000 25,143,000 26,014,000 24,981,000 13,112,000 17,519,000 14,578,000 6,898,000 1,823,000 1,852,000     
      total liabilities
    		2,268,087,000 2,118,956,000 2,373,710,000 2,299,977,000 2,174,232,000 2,104,426,000 1,538,918,000 1,503,489,000 1,476,305,000 1,301,608,000 1,236,702,000 1,146,098,000 958,132,000 834,962,000 753,461,000 751,678,000 754,012,000 738,506,000 704,911,000 692,626,000 962,660,000 
      commitments and contingencies
    		                     
      stockholders’ equity:
    		                     
      preferred stock, 0.001 par value per share, 10,000 shares authorized, none issued and outstanding
    		                     
      class a common stock
    		157,000 151,000 149,000 145,000 137,000 131,000 128,000 119,000 109,000 107,000 95,000 90,000 84,000 78,000 56,000 55,000 52,000 50,000 36,000 36,000  
      class b common stock
    		88,000 94,000 96,000 98,000 105,000 111,000 114,000 122,000 132,000 134,000 146,000 151,000 118,000 125,000 149,000 149,000 152,000 160,000 174,000 174,000  
      class c common stock, 0.001 par value per share, 75,000 shares authorized, none issued and outstanding
    		                     
      additional paid in capital
    		428,481,000 392,972,000 357,286,000 352,984,000 313,982,000 295,785,000 283,505,000 266,129,000 242,955,000 238,471,000 217,124,000 204,711,000 210,349,000 198,231,000 141,607,000 140,191,000 128,468,000 131,845,000 111,073,000 107,008,000  
      retained earnings
    		341,904,000 350,567,000    2,733,000 5,088,000 9,000  98,000  2,420,000  454,000 1,665,000 2,693,000 981,000 1,774,000 2,273,000 1,602,000  
      accumulated other comprehensive loss
    		-568,000 -568,000 -568,000                   
      total switch, inc. stockholders’ equity
    		770,062,000 743,216,000 338,775,000 329,637,000 309,222,000 298,778,000 288,853,000 266,458,000 242,950,000 238,889,000 215,690,000 207,451,000 210,622,000 199,010,000 143,599,000 143,210,000 129,775,000 133,951,000 113,678,000   
      noncontrolling interest
    		263,114,000 247,935,000 286,940,000 289,004,000 304,436,000 323,548,000 329,874,000 344,509,000 366,133,000 366,953,000 402,147,000 420,194,000 470,359,000 490,905,000 566,797,000 565,142,000      
      total stockholders’ equity
    		1,033,176,000 991,151,000 625,715,000 618,641,000 613,658,000 622,326,000 618,727,000 610,967,000 609,083,000 605,842,000 617,837,000 627,645,000 680,981,000 689,915,000 710,396,000 708,352,000 692,788,000 748,746,000 757,558,000   
      total liabilities and stockholders’ equity
    		3,301,263,000 3,110,107,000 2,999,425,000 2,918,618,000 2,787,890,000 2,726,752,000 2,157,645,000 2,114,456,000 2,085,388,000 1,907,450,000 1,854,539,000 1,773,743,000 1,639,113,000 1,524,877,000 1,463,857,000 1,460,030,000 1,446,800,000 1,487,252,000 1,462,469,000   
      other assets, net of allowance for credit losses of 94 and 91, respectively
    		 59,583,000 59,097,000                   
      accumulated deficit
    		  -18,188,000                   
      other current assets, net of allowance for credit losses of 3 and 0, respectively
    		   4,624,000 2,831,000 2,564,000   2,761,000             
      other assets, net of allowance for credit losses of 91 and 87, respectively
    		   56,776,000   55,429,000               
      (accumulated deficit) retained earnings
    		   -23,022,000 -5,020,000    -325,000  -1,754,000  -51,000         
      accumulated other comprehensive income
    		   -568,000 18,000 18,000 18,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000 79,000   
      other assets, net of allowance for credit losses of 92 and 87, respectively
    		    58,609,000                 
      other assets, net of allowance for credit losses of 95 and 87, respectively
    		     56,207,000                
      other current assets, net of allowance for credit losses of 2 and 0, respectively
    		      2,125,000               
      interest rate swap liability, current portion
    		      9,314,000 9,418,000 9,332,000 9,225,000 8,297,000           
      other current assets, net of allowance for credit losses of 0
    		       2,235,000              
      other assets, net of allowance for credit losses of 87 and 0, respectively
    		       48,366,000              
      other assets, net of allowance for credit losses of 81 and 0, respectively
    		        47,965,000             
      accrued expenses
    		        12,396,000 9,951,000 11,371,000 14,718,000 13,875,000 12,049,000 11,832,000 9,778,000 9,340,000 7,881,000 7,783,000 6,469,000 17,750,000 
      finance lease liability, current portion
    		        4,000 4,000 12,000 12,000          
      other current assets, net of allowance for credit losses of 5 and 0, respectively
    		         3,190,000            
      other assets, net of allowance for credit losses of 77 and 0, respectively
    		         44,270,000            
      other current assets, net of allowance for credit losses of 6 and 0, respectively
    		          4,436,000           
      other assets, net of allowance for credit losses of 73 and 0, respectively
    		          45,429,000           
      other current assets
    		           3,817,000 2,428,000 2,359,000 2,339,000 2,332,000 3,091,000 6,085,000 3,679,000 2,101,000 9,597,000 
      other assets
    		           45,785,000 18,349,000 18,103,000 17,363,000 17,050,000 14,871,000 28,867,000 9,194,000 9,155,000 11,894,000 
      class c common stock, 0.001 par value per share, 75,000 shares authorized, zero and 42,945 shares issued and outstanding, respectively
    		                     
      capital lease obligations
    		            19,466,000 19,466,000 19,466,000 19,466,000 19,466,000 19,466,000 19,466,000 19,466,000 19,466,000 
      class c common stock, 0.001 par value per share, 75,000 shares authorized, 42,945 shares issued and outstanding
    		            43,000 43,000 43,000 43,000 43,000 43,000    
      dividends and distributions payable
    		              7,154,000       
      capital lease obligations, current portion
    		                333,000 2,309,000 2,309,000 2,309,000 3,500,000 
      non-controlling interest
    		                563,013,000 614,795,000 643,880,000 633,239,000  
      long term deposit
    		                 4,712,000 4,197,000  4,262,000 
      long term debt, current portion
    		                 5,194,000 5,194,000  5,194,000 
      long term debt
    		                 583,969,000 585,268,000  818,865,000 
      other long term liabilities
    		                 1,877,000    
      accrued interest, capital lease obligations
    		                  1,871,000 1,927,000 1,981,000 
      preferred stock, 0.001 par value per share, 10,000,000 shares authorized, none issued and outstanding
    		                     
      class c common stock, 0.001 par value per share, 75,000,000 shares authorized, 42,944,647 shares issued and outstanding, respectively
    		                  43,000   
      cash
    		                   264,666,000 7,992,000 
      investments
    		                     
      liabilities and stockholders'/members' equity
    		                     
      accrued michigan building and land purchase
    		                    22,589,000 
      accrued impact fee expense
    		                     
      stockholders'/members' equity:
    		                     
      members' equity
    		                     
      preferred stock, 0.001 par value per share, 10,000,000 shares authorized, none issued and outstanding as of december 31, 2017
    		                     
      class c common stock, 0.001 par value per share, 75,000,000 shares authorized, 42,944,647 shares issued and outstanding as of december 31, 2017
    		                   43,000  
      accumulated other comprehensive gain
    		                   31,000 93,000 
      total switch, inc. stockholders'/switch, ltd. members' equity
    		                   108,894,000  
      total stockholders'/members' equity
    		                   742,133,000  
      total liabilities and stockholders'/members' equity
    		                   1,434,759,000  
      liabilities and members' equity
    		                     
      members' equity:
    		                     
      members' equity, 225,000,000 units authorized; 200,750,505 and 198,866,680 units issued and outstanding, respectively
    		                    161,627,000 
      total members' equity
    		                    161,720,000 
      total liabilities and members' equity
    		                    1,124,380,000 
      revenue
    		                    97,689,000 
      cost of revenue
    		                    50,744,000 
      gross profit
    		                    46,945,000 
      selling, general and administrative expense
    		                    21,494,000 
      income from operations
    		                    25,451,000 
      other income:
    		                     
      interest expense, including 403, 266, 901 and 740, respectively, in amortization of debt issuance costs
    		                    -8,856,000 
      equity in net incomees of investments
    		                    -221,000 
      loss on extinguishment of debt
    		                     
      gain on lease termination
    		                     
      other
    		                    112,000 
      total other income
    		                    -8,965,000 
      net income
    		                    16,486,000 
      net income per unit:
    		                     
      basic
    		                    80 
      diluted
    		                    80 
      weighted-average units used in computing net income per unit:
    		                     
      other comprehensive income:
    		                     
      foreign currency translation adjustments
    		                    221,000 
      comprehensive income
    		                    16,707,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.