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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 90,719 $ 24,721
Accounts receivable, net of allowance for credit losses of $792 and $309, respectively 21,723 23,365
Prepaid expenses 8,171 7,137
Other current assets, net of allowance for credit losses of $0 2,235 3,817
Total current assets 122,848 59,040
Property and equipment, net 1,737,415 1,551,117
Long-term deposit 2,626 3,429
Deferred income taxes 203,201 114,372
Other assets, net of allowance for credit losses of $87 and $0, respectively 48,366 45,785
TOTAL ASSETS 2,114,456 1,773,743
CURRENT LIABILITIES:    
Long-term debt, current portion 0 6,000
Accounts payable 14,588 19,477
Accrued salaries and benefits 4,884 5,828
Accrued interest 7,132 467
Accrued expenses and other 9,686 10,799
Accrued construction payables 27,162 37,269
Deferred revenue, current portion 14,870 14,991
Customer deposits 12,348 10,830
Interest rate swap liability, current portion 9,418 3,464
Operating lease liability, current portion 3,512 4,805
Total current liabilities 103,600 113,930
Long-term debt, net 991,213 745,372
Operating lease liability 25,536 26,142
Finance lease liability 57,516 57,614
Deferred revenue 23,862 27,852
Liabilities under tax receivable agreement 278,865 162,076
Other long-term liabilities 22,897 13,112
TOTAL LIABILITIES 1,503,489 1,146,098
Commitments and contingencies (Note 7 and Note 9)
STOCKHOLDER’S EQUITY    
Preferred stock 0 0
Additional paid in capital 266,129 204,711
Retained earnings 9 2,420
Accumulated other comprehensive income 79 79
Total Switch, Inc. stockholders’ equity 266,458 207,451
Noncontrolling interest 344,509 420,194
TOTAL STOCKHOLDERS’ EQUITY 610,967 627,645
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 2,114,456 1,773,743
Class A Common Stock    
STOCKHOLDER’S EQUITY    
Common stock 119 90
Class B Common Stock    
STOCKHOLDER’S EQUITY    
Common stock 122 151
Class C Common Stock    
STOCKHOLDER’S EQUITY    
Common stock $ 0 $ 0