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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 24,721 $ 81,560
Accounts receivable, net of allowance of $309 and $426, respectively 23,365 17,654
Prepaid expenses 7,137 6,781
Other current assets 3,817 2,332
Total current assets 59,040 108,327
Property and equipment, net 1,551,117 1,302,770
Long-term deposit 3,429 3,333
Deferred income taxes 114,372 28,550
Other assets 45,785 17,050
TOTAL ASSETS 1,773,743 1,460,030
CURRENT LIABILITIES:    
Long-term debt, current portion 6,000 6,000
Accounts payable 19,477 20,501
Accrued salaries and benefits 5,828 5,258
Accrued expenses 14,718 9,778
Accrued construction payables 37,269 12,729
Deferred revenue, current portion 14,991 12,322
Deferred revenue, current portion   10,800
Customer deposits 10,830 9,962
Operating lease liability, current portion 4,805  
Finance lease liability, current portion 12  
Total current liabilities 113,930 75,028
Long-term debt, net 745,372 580,566
Operating lease liability 26,142  
Finance lease liability 57,614 19,466
Deferred revenue 27,852 22,260
Liabilities under tax receivable agreement 162,076 52,535
Other long-term liabilities 13,112 1,823
TOTAL LIABILITIES 1,146,098 751,678
Commitments and contingencies (Note 7 and Note 9)
STOCKHOLDER’S EQUITY    
Preferred stock 0 0
Additional paid in capital 204,711 140,191
Retained earnings 2,420 2,693
Accumulated other comprehensive income 79 79
Total Switch, Inc. stockholders’ equity 207,451 143,210
Noncontrolling interest 420,194 565,142
TOTAL STOCKHOLDERS’ EQUITY 627,645 708,352
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,773,743 1,460,030
Class A    
STOCKHOLDER’S EQUITY    
Common stock 90 55
Class B    
STOCKHOLDER’S EQUITY    
Common stock 151 149
Class C    
STOCKHOLDER’S EQUITY    
Common stock $ 0 $ 43