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Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 35,240,000 $ 90,719,000
Restricted cash 3,968,000 0
Accounts receivable, net of allowance for credit losses of $672 and $792, respectively 31,544,000 21,723,000
Prepaid expenses 8,809,000 8,171,000
Other current assets, net of allowance for credit losses of $3 and $0, respectively 2,831,000 2,235,000
Total current assets 82,392,000 122,848,000
Property and equipment, net 2,138,545,000 1,737,415,000
Long-term deposit 10,680,000 2,626,000
Deferred income taxes 263,933,000 203,201,000
Intangible assets, net 127,258,000 2,423,000
Goodwill 106,473,000 0
Other assets, net of allowance for credit losses of $92 and $87, respectively 58,609,000 45,943,000
TOTAL ASSETS 2,787,890,000 2,114,456,000
CURRENT LIABILITIES:    
Accounts payable 42,236,000 14,588,000
Accrued salaries and benefits 14,226,000 4,884,000
Accrued interest 8,203,000 7,132,000
Accrued expenses and other 23,489,000 9,686,000
Accrued construction payables 25,360,000 27,162,000
Deferred revenue, current portion 16,377,000 14,870,000
Customer deposits 16,231,000 12,348,000
Swap liability, current portion 9,334,000 9,418,000
Operating lease liability, current portion 3,780,000 3,512,000
Total current liabilities 159,236,000 103,600,000
Long-term debt, net 1,526,492,000 991,213,000
Operating lease liability 32,631,000 25,536,000
Finance lease liability 57,414,000 57,516,000
Deferred revenue 26,347,000 23,862,000
Liabilities under tax receivable agreement 359,009,000 278,865,000
Other long-term liabilities 13,103,000 22,897,000
TOTAL LIABILITIES 2,174,232,000 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 313,982,000 266,129,000
(Accumulated deficit) retained earnings (5,020,000) 9,000
Accumulated other comprehensive income 18,000 79,000
Total Switch, Inc. stockholders’ equity 309,222,000 266,458,000
Noncontrolling interest 304,436,000 344,509,000
TOTAL STOCKHOLDERS’ EQUITY 613,658,000 610,967,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 2,787,890,000 2,114,456,000
Class A Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively 137,000 119,000
Class B Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively 105,000 122,000
Class C Common Stock    
STOCKHOLDERS’ EQUITY:    
Class A common stock, $0.001 par value per share, 750,000 shares authorized, 137,489 and 119,009 shares issued and outstanding, respectively $ 0 $ 0