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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 86,958 $ 81,560
Accounts receivable, net of allowance of $403 and $426, respectively 9,994 17,654
Prepaid expenses 6,731 6,781
Other current assets 2,339 2,332
Total current assets 106,022 108,327
Property and equipment, net 1,309,514 1,302,770
Long-term deposit 3,333 3,333
Deferred income taxes 27,625 28,550
Other assets 17,363 17,050
TOTAL ASSETS 1,463,857 1,460,030
CURRENT LIABILITIES:    
Long-term debt, current portion 6,000 6,000
Accounts payable 15,810 20,501
Accrued salaries and benefits 5,507 5,258
Accrued expenses 11,832 9,778
Construction Payable, Current 4,658 12,729
Dividends and distributions payable 7,154 0
Deferred revenue, current portion 10,987 10,800
Customer deposits 10,191 9,962
Total current liabilities 72,139 75,028
Long-term debt, net 579,268 580,566
Capital lease obligations 19,466 19,466
Deferred revenue 23,155 22,260
Liabilities under tax receivable agreement 52,535 52,535
Other long-term liabilities 6,898 1,823
TOTAL LIABILITIES 753,461 751,678
Commitments and contingencies (Note 6)
STOCKHOLDER’S EQUITY    
Preferred stock 0 0
Additional paid in capital 141,607 140,191
Retained earnings 1,665 2,693
Accumulated other comprehensive income 79 79
Total Switch, Inc. stockholders’ equity 143,599 143,210
Noncontrolling interest 566,797 565,142
TOTAL STOCKHOLDERS’ EQUITY 710,396 708,352
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 1,463,857 1,460,030
Class A    
STOCKHOLDER’S EQUITY    
Common stock 56 55
Class B    
STOCKHOLDER’S EQUITY    
Common stock 149 149
Class C    
STOCKHOLDER’S EQUITY    
Common stock $ 43 $ 43