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Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 84,816,000 $ 90,719,000
Restricted cash 3,968,000 0
Accounts receivable, net of allowance for credit losses of $813 and $792, respectively 31,897,000 21,723,000
Prepaid expenses 7,438,000 8,171,000
Other current assets, net of allowance for credit losses of $3 and $0, respectively 2,564,000 2,235,000
Total current assets 130,683,000 122,848,000
Property and equipment, net 2,059,944,000 1,737,415,000
Long-term deposit 6,652,000 2,626,000
Deferred income taxes 236,079,000 203,201,000
Intangible assets, net 128,446,000 2,423,000
Goodwill 108,741,000 0
Other assets, net of allowance for credit losses of $95 and $87, respectively 56,207,000 45,943,000
TOTAL ASSETS 2,726,752,000 2,114,456,000
CURRENT LIABILITIES:    
Accounts payable 30,714,000 14,588,000
Accrued salaries and benefits 9,523,000 4,884,000
Accrued interest 8,661,000 7,132,000
Accrued expenses and other 18,991,000 9,686,000
Accrued construction payables 44,318,000 27,162,000
Deferred revenue, current portion 14,273,000 14,870,000
Customer deposits 15,744,000 12,348,000
Swap liability, current portion 11,504,000 9,418,000
Operating lease liability, current portion 4,330,000 3,512,000
Total current liabilities 158,058,000 103,600,000
Long-term debt, net 1,487,338,000 991,213,000
Operating lease liability 34,001,000 25,536,000
Finance lease liability 57,443,000 57,516,000
Deferred revenue 25,880,000 23,862,000
Liabilities under tax receivable agreement 326,315,000 278,865,000
Other long-term liabilities 15,391,000 22,897,000
TOTAL LIABILITIES 2,104,426,000 1,503,489,000
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value per share, 10,000 shares authorized, none issued and outstanding 0 0
Additional paid in capital 295,785,000 266,129,000
Retained earnings 2,733,000 9,000
Accumulated other comprehensive income 18,000 79,000
Total Switch, Inc. stockholders’ equity 298,778,000 266,458,000
Noncontrolling interest 323,548,000 344,509,000
TOTAL STOCKHOLDERS’ EQUITY 622,326,000 610,967,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 2,726,752,000 2,114,456,000
Class A Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 131,090 and 119,009 shares issued and outstanding, respectively 131,000 119,000
Class B Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 131,090 and 119,009 shares issued and outstanding, respectively 111,000 122,000
Class C Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 131,090 and 119,009 shares issued and outstanding, respectively $ 0 $ 0