Switch Quarterly Income Statements Chart
Quarterly
|
Annual
Switch Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2022-09-30 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 174,467,000 | 168,185,000 | 164,609,000 | 161,385,000 | 158,104,000 | 141,690,000 | 130,866,000 | 127,749,000 | 128,785,000 | 126,917,000 | 128,096,000 | 126,133,000 | 117,558,000 | 111,587,000 | 107,032,000 | 103,214,000 | 102,768,000 | 102,161,000 | 97,717,000 | 99,328,000 | 97,689,000 |
| yoy | 10.35% | 18.70% | 25.78% | 26.33% | 22.77% | 11.64% | 2.16% | 1.28% | 9.55% | 13.74% | 19.68% | 22.21% | 14.39% | 9.23% | 9.53% | 3.91% | 5.20% | ||||
| qoq | 3.74% | 2.17% | 2.00% | 2.08% | 11.58% | 8.27% | 2.44% | -0.80% | 1.47% | -0.92% | 1.56% | 7.29% | 5.35% | 4.26% | 3.70% | 0.43% | 0.59% | 4.55% | -1.62% | 1.68% | |
| cost of revenue | 126,582,000 | 101,352,000 | 94,491,000 | 93,537,000 | 97,413,000 | 76,994,000 | 71,693,000 | 69,900,000 | 74,348,000 | 68,198,000 | 67,029,000 | 65,378,000 | 62,112,000 | 57,889,000 | 57,300,000 | 55,213,000 | 59,150,000 | 55,194,000 | 54,856,000 | 53,655,000 | 50,744,000 |
| gross profit | 47,885,000 | 66,833,000 | 70,118,000 | 67,848,000 | 60,691,000 | 64,696,000 | 59,173,000 | 57,849,000 | 54,437,000 | 58,719,000 | 61,067,000 | 60,755,000 | 55,446,000 | 53,698,000 | 49,732,000 | 48,001,000 | 43,618,000 | 46,967,000 | 42,861,000 | 45,673,000 | 46,945,000 |
| yoy | -21.10% | 3.30% | 18.50% | 17.28% | 11.49% | 10.18% | -3.10% | -4.78% | -1.82% | 9.35% | 22.79% | 26.57% | 27.12% | 14.33% | 16.03% | 5.10% | -7.09% | ||||
| qoq | -28.35% | -4.68% | 3.35% | 11.79% | -6.19% | 9.33% | 2.29% | 6.27% | -7.29% | -3.84% | 0.51% | 9.58% | 3.26% | 7.97% | 3.61% | 10.05% | -7.13% | 9.58% | -6.16% | -2.71% | |
| gross margin % | 27.45% | 39.74% | 42.60% | 42.04% | 38.39% | 45.66% | 45.22% | 45.28% | 42.27% | 46.27% | 47.67% | 48.17% | 47.16% | 48.12% | 46.46% | 46.51% | 42.44% | 45.97% | 43.86% | 45.98% | 48.06% |
| selling, general and administrative expense | 40,373,000 | 45,647,000 | 42,871,000 | 43,662,000 | 42,845,000 | 39,875,000 | 34,998,000 | 31,589,000 | 31,516,000 | 33,438,000 | 40,116,000 | 38,092,000 | 37,314,000 | 33,047,000 | 34,251,000 | 31,092,000 | 31,086,000 | 31,139,000 | 33,451,000 | 99,628,000 | 21,494,000 |
| income from operations | 7,512,000 | 21,186,000 | 27,247,000 | -10,814,000 | 17,846,000 | 24,821,000 | 24,175,000 | 26,260,000 | 22,921,000 | 25,281,000 | 20,951,000 | 22,663,000 | 18,132,000 | 20,651,000 | 15,481,000 | 16,909,000 | 12,532,000 | 15,828,000 | 9,410,000 | -54,604,000 | 25,451,000 |
| yoy | -57.91% | -14.64% | 12.71% | -141.18% | -22.14% | -1.82% | 15.39% | 15.87% | 26.41% | 22.42% | 35.33% | 34.03% | 44.69% | 30.47% | 64.52% | -130.97% | -50.76% | ||||
| qoq | -64.54% | -22.24% | -351.96% | -160.60% | -28.10% | 2.67% | -7.94% | 14.57% | -9.34% | 20.67% | -7.55% | 24.99% | -12.20% | 33.40% | -8.45% | 34.93% | -20.82% | 68.20% | -117.23% | -314.55% | |
| operating margin % | 4.31% | 12.60% | 16.55% | -6.70% | 11.29% | 17.52% | 18.47% | 20.56% | 17.80% | 19.92% | 16.36% | 17.97% | 15.42% | 18.51% | 14.46% | 16.38% | 12.19% | 15.49% | 9.63% | -54.97% | 26.05% |
| other income: | |||||||||||||||||||||
| interest expense, including 663, 689, 1,987, and 1,892, respectively, in amortization of debt issuance costs and original issue discount | -16,696,000 | ||||||||||||||||||||
| gain on swaps | 8,830,000 | 2,353,000 | 13,649,000 | -2,970,000 | |||||||||||||||||
| loss on extinguishment of debt | -146,000 | -245,000 | |||||||||||||||||||
| equity in net incomees of investments | -281,000 | -326,000 | -379,000 | -220,000 | -331,000 | -238,750 | -221,000 | ||||||||||||||
| gain on sale of equity method investment | 5,374,000 | ||||||||||||||||||||
| gain on termination of tax receivable agreement | 372,784,000 | ||||||||||||||||||||
| other | 531,000 | 406,000 | 475,000 | 324,000 | 500,000 | 321,000 | 3,271,000 | 267,000 | 185,000 | 271,000 | 277,000 | 217,000 | 245,000 | 516,000 | 503,000 | 680,000 | 752,000 | 822,000 | 1,029,000 | 689,000 | 112,000 |
| total other income | -7,335,000 | 361,357,000 | 927,000 | -9,275,000 | -18,991,000 | -13,226,000 | 2,873,000 | -9,057,000 | -8,173,000 | -10,565,000 | -24,713,000 | -5,032,000 | -10,424,000 | -15,603,000 | -11,613,000 | -5,864,000 | -6,657,000 | -5,322,000 | -5,575,000 | -6,723,000 | -8,965,000 |
| income before income taxes | 177,000 | 382,543,000 | 28,174,000 | -20,089,000 | -1,145,000 | 11,595,000 | 27,048,000 | 17,203,000 | 14,748,000 | 14,716,000 | -3,762,000 | 17,631,000 | 7,708,000 | 5,048,000 | 3,868,000 | 11,045,000 | 5,875,000 | 10,506,000 | 3,835,000 | ||
| income tax benefit | -409,000 | -1,071,750 | 278,000 | -2,654,000 | 273,000 | -197,000 | 115,000 | ||||||||||||||
| net income | -232,000 | 380,740,000 | 23,934,000 | -18,460,000 | -867,000 | 9,684,000 | 24,394,000 | 15,295,000 | 13,233,000 | 13,336,000 | -3,489,000 | 16,167,000 | 7,098,000 | 4,606,000 | 3,671,000 | 11,166,000 | 4,663,000 | 9,539,000 | 3,950,000 | -60,346,000 | 16,486,000 |
| yoy | -73.24% | 3831.64% | -1.89% | -220.69% | -106.55% | -27.38% | -799.17% | -5.39% | 86.43% | 189.54% | -195.04% | 44.79% | 52.22% | -51.71% | -7.06% | -118.50% | -71.72% | ||||
| qoq | -100.06% | 1490.79% | -229.65% | 2029.18% | -108.95% | -60.30% | 59.49% | 15.58% | -0.77% | -482.23% | -121.58% | 127.77% | 54.10% | 25.47% | -67.12% | 139.46% | -51.12% | 141.49% | -106.55% | -466.04% | |
| net income margin % | -0.13% | 226.38% | 14.54% | -11.44% | -0.55% | 6.83% | 18.64% | 11.97% | 10.28% | 10.51% | -2.72% | 12.82% | 6.04% | 4.13% | 3.43% | 10.82% | 4.54% | 9.34% | 4.04% | -60.75% | 16.88% |
| less: net income attributable to noncontrolling interest | 25,000 | 3,905,000 | 11,141,000 | -8,239,000 | -498,000 | 5,323,000 | 12,753,000 | 8,843,000 | 8,027,000 | 8,239,000 | -2,273,000 | 11,202,000 | 5,024,000 | 3,428,000 | 2,971,000 | ||||||
| net income attributable to switch, inc. | -257,000 | 376,835,000 | 12,793,000 | -10,221,000 | -369,000 | 4,361,000 | 11,641,000 | 6,452,000 | 5,206,000 | 5,097,000 | -1,216,000 | 4,965,000 | 2,074,000 | 1,178,000 | 700,000 | 2,554,000 | 6,000 | 821,000 | 671,000 | ||
| net income per share | |||||||||||||||||||||
| basic | 0 | 2.51 | 0.09 | -0.08 | 0 | 0.03 | 0.09 | 0.06 | 0.05 | 0.05 | -0.01 | 0.07 | 0.02 | 0.02 | 0.01 | 0.06 | 0 | 0.02 | 0.02 | -261.88 | 80 |
| diluted | 0 | 1.51 | 0.08 | -0.08 | 0 | 0.03 | 0.09 | 0.06 | 0.05 | 0.05 | -0.01 | 0.06 | 0.02 | 0.01 | 0.01 | 0.06 | 0 | 0.02 | 0.02 | -251.88 | 80 |
| weighted-average shares used for eps calculation | |||||||||||||||||||||
| basic | 154,778 | 150,036 | 147,745 | 134,091 | 136,292 | 130,163 | 126,641 | 105,822 | 108,690 | 104,987 | 94,366 | 76,501 | 84,135 | 77,714 | 55,536 | 45,682 | 50,669 | 42,358 | 36,003,087 | 8,073,908 | 200,746,690,000 |
| diluted | 154,778 | 251,089 | 153,265 | 138,699 | 136,292 | 245,527 | 129,110 | 243,501 | 111,565 | 243,916 | 94,366 | 246,329 | 86,261 | 79,021 | 247,364 | 45,753 | 50,710 | 42,463 | 252,552,205 | 8,073,908 | 208,972,744,000 |
| other comprehensive loss: | |||||||||||||||||||||
| foreign currency translation adjustment, net of reclassification adjustment and tax of 0 | -994 | -474 | |||||||||||||||||||
| comprehensive income | -232 | 380,740 | 23,934 | -19,454 | -867 | 9,684 | 23,920 | 15,295 | 13,233 | 13,336 | -3,489 | 16,167 | 7,098 | 4,606 | 3,671 | 11,166 | 4,663 | 9,539 | 4,281 | -52,559,672 | 16,707,000 |
| less: comprehensive income attributable to noncontrolling interest | 25 | 3,905 | 11,141 | -8,647 | -498 | 5,323 | 12,340 | 8,843 | 8,027 | 8,239 | -2,273 | 11,202 | 5,024 | 3,428 | 2,971 | ||||||
| comprehensive income attributable to switch, inc. | -257 | 376,835 | 12,793 | -10,807 | -369 | 4,361 | 11,580 | 6,452 | 5,206 | 5,097 | -1,216 | 4,965 | 2,074 | 1,178 | 700 | 2,554 | 6 | 821 | 719 | ||
| interest expense, including 662, 620, 1,324, and 1,203, respectively, in amortization of debt issuance costs and original issue discount | -14,186,000 | ||||||||||||||||||||
| income tax expense | -1,803,000 | -4,240,000 | -1,911,000 | -1,908,000 | -1,515,000 | -1,380,000 | -312,250 | -610,000 | -442,000 | -516,000 | -1,212,000 | -967,000 | |||||||||
| interest expense, including 662 and 583, respectively, in amortization of debt issuance costs and original issue discount | -13,197,000 | ||||||||||||||||||||
| interest expense, including 689, 439, 1,892, and 1,257, respectively, in amortization of debt issuance costs and original issue discounts | -8,530,250 | -15,166,000 | |||||||||||||||||||
| loss on swaps | -904,500 | -3,853,000 | |||||||||||||||||||
| other comprehensive income: | |||||||||||||||||||||
| interest expense, including 620, 409, 1,203, and 818, respectively, in amortization of debt issuance costs and original issue discount | -10,198,000 | ||||||||||||||||||||
| interest expense, including 583 and 409, respectively, in amortization of debt issuance costs and original issue discount | -8,757,000 | ||||||||||||||||||||
| gain on interest rate swaps | 3,205,000 | ||||||||||||||||||||
| interest expense, including 439, 409, 1,257, and 1,227, respectively, in amortization of debt issuance costs and original issue discount | -5,170,500 | -6,554,000 | |||||||||||||||||||
| loss on interest rate swaps | -232,000 | -1,559,000 | -4,143,000 | -17,555,000 | 2,775,000 | -3,926,000 | -8,781,000 | ||||||||||||||
| foreign currency translation adjustment, net of tax of 0 | |||||||||||||||||||||
| interest expense, including 409, 409, 818, and 818, respectively, in amortization of debt issuance costs | -6,693,000 | -7,338,000 | |||||||||||||||||||
| interest expense, including 409 and 409, respectively, in amortization of debt issuance costs | -7,435,000 | ||||||||||||||||||||
| interest expense, including 409, 409, 1,227, and 1,227, respectively, in amortization of debt issuance costs | -5,303,000 | -6,743,000 | |||||||||||||||||||
| foreign currency translation adjustment, before and after tax | |||||||||||||||||||||
| interest expense, including 409 in amortization of debt issuance costs | -7,131,000 | ||||||||||||||||||||
| unrealized loss on interest rate swaps | -4,985,000 | ||||||||||||||||||||
| interest expense, including 409, 403, 1,227, and 901, respectively, in amortization of debt issuance costs | -4,956,500 | -7,409,000 | |||||||||||||||||||
| less: net income attributable to non-controlling interest | 4,163,500 | 4,657,000 | 8,718,000 | 3,279,000 | |||||||||||||||||
| weighted-average shares/units used in computing net income per share/unit | |||||||||||||||||||||
| basic | 154,778 | 150,036 | 147,745 | 134,091 | 136,292 | 130,163 | 126,641 | 105,822 | 108,690 | 104,987 | 94,366 | 76,501 | 84,135 | 77,714 | 55,536 | 45,682 | 50,669 | 42,358 | 36,003,087 | 8,073,908 | 200,746,690,000 |
| diluted | 154,778 | 251,089 | 153,265 | 138,699 | 136,292 | 245,527 | 129,110 | 243,501 | 111,565 | 243,916 | 94,366 | 246,329 | 86,261 | 79,021 | 247,364 | 45,753 | 50,710 | 42,463 | 252,552,205 | 8,073,908 | 208,972,744,000 |
| dividends declared per common share | 0.01 | 0.01 | 0.03 | ||||||||||||||||||
| less: comprehensive income attributable to non-controlling interest | 4,234.25 | 4,657 | 8,718 | 3,562 | |||||||||||||||||
| interest expense, including 409, 245, 818, and 498, respectively, in amortization of debt issuance costs | -6,144,000 | ||||||||||||||||||||
| interest expense, including 409 and 253, respectively, in amortization of debt issuance costs | -6,273,000 | ||||||||||||||||||||
| foreign currency translation adjustments | 331 | -785,092 | 221,000 | ||||||||||||||||||
| interest expense, including 403, 266, 901 and 740, respectively, in amortization of debt issuance costs | -4,447,250 | -8,856,000 | |||||||||||||||||||
| gain on lease termination | |||||||||||||||||||||
| net income per unit: | |||||||||||||||||||||
| basic | 0 | 2.51 | 0.09 | -0.08 | 0 | 0.03 | 0.09 | 0.06 | 0.05 | 0.05 | -0.01 | 0.07 | 0.02 | 0.02 | 0.01 | 0.06 | 0 | 0.02 | 0.02 | -261.88 | 80 |
| diluted | 0 | 1.51 | 0.08 | -0.08 | 0 | 0.03 | 0.09 | 0.06 | 0.05 | 0.05 | -0.01 | 0.06 | 0.02 | 0.01 | 0.01 | 0.06 | 0 | 0.02 | 0.02 | -251.88 | 80 |
| weighted-average units used in computing net income per unit: | |||||||||||||||||||||
| basic | 154,778 | 150,036 | 147,745 | 134,091 | 136,292 | 130,163 | 126,641 | 105,822 | 108,690 | 104,987 | 94,366 | 76,501 | 84,135 | 77,714 | 55,536 | 45,682 | 50,669 | 42,358 | 36,003,087 | 8,073,908 | 200,746,690,000 |
| diluted | 154,778 | 251,089 | 153,265 | 138,699 | 136,292 | 245,527 | 129,110 | 243,501 | 111,565 | 243,916 | 94,366 | 246,329 | 86,261 | 79,021 | 247,364 | 45,753 | 50,710 | 42,463 | 252,552,205 | 8,073,908 | 208,972,744,000 |
We provide you with 20 years income statements for Switch stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Switch stock. Explore the full financial landscape of Switch stock with our expertly curated income statements.
The information provided in this report about Switch stock 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.