Switch, Inc. Cashflow Statement

Ask AI

Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019	FY2018 12 months to Dec 31, 2018	FY2017 12 months to Dec 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment
Amortization of customer relationships
Loss on disposal of property and equipment
Deferred income taxes
Amortization of debt issuance costs and original issue discount
Credit loss (benefit) expense
Unrealized (gain) loss on swaps
Loss on extinguishment of debt
Equity in net losses on investments
Gain on sale of asset
Gain on sale of equity method investment
Equity-based compensation
Amortization of Notes Receivable Discount (Premium)
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net
Amortization of notes receivable discount
Other income
Litigation settlement expense
Amortization of portfolio energy credits
Cost of revenue for sales-type leases
Changes in operating assets and liabilities:
Accounts receivable
Prepaid expenses
Other current assets
Other assets
Accounts payable
Accrued interest, capital lease obligations
Accrued salaries and benefits
Accrued interest
Accrued expenses and other
Accrued impact fee expense
Deferred revenue
Customer deposits
Operating lease liabilities
Other long-term liabilities
Net cash provided by operating activities

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of a business, net of cash acquired
Acquisition of property and equipment
Purchase of portfolio energy credits
Purchase of equity method investment
Proceeds from sale of equity method investment
Proceeds from notes receivable
Payments to Acquire Notes Receivable
Purchase of investments
Acquisition of intangible asset
Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Class A common stock, net of offering costs
Proceeds from borrowings, net of original issue discount
Repayment of borrowings, including finance lease liabilities
Debt issuance costs on new loan
Payment of debt issuance and extinguishment costs
Payment of debt issuance costs
Change in long-term deposit
Payment of tax withholdings upon settlement of restricted stock unit awards
Payments for Repurchase of Stock Options
Proceeds from exercise of stock options
Settlement of option loans
Repurchase of common units
Payments Related to Tax Withholding for Share-based Compensation, RSUs
Payments Related to Tax Withholding for Share-based Compensation, Options
Repurchase of member options
Dividends paid to Class A common stockholders
Distributions paid to noncontrolling interest
Net cash provided by financing activities

NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of year
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of year
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:
Liability incurred upon acquisition of capital lease asset
Liability incurred related to investment in Planet3
Increase (decrease) in liabilities incurred to acquire property and equipment
Increase (decrease) in accrued construction payables incurred related to long-term deposit
(Decrease) increase in accounts receivable due to refund of long-term deposit
Settlement of liability incurred upon acquisition of capital lease asset
Distributions used for payment of option loans and related interest
Distributions declared but not paid
Net settlement of recourse notes including interest issued to members
Noncash Net Settlement of Stock Options
Forgiveness of Note Receivable in Exchange for Capital Lease Asset
Increase in liabilities related to remaining purchase price for the acquisition of a business
Increase in liabilities related to purchase of portfolio energy credits
Decrease in noncontrolling interest as a result of exchanges for Class A common stock
Recognition of liabilities under tax receivable agreement
Increase in deferred tax asset resulting from changes in outside basis difference on investment in Switch, Ltd.
Right-of-use assets obtained in exchange for new operating lease liabilities
Right-of-use assets obtained in exchange for new finance lease liabilities
(Decrease) increase in distributions payable on unvested common units
Increase in dividends payable on unvested restricted stock units
Dividends payable settled with shares of Class A common stock
Increase in property and equipment related to transfer from long-term deposit
Decrease In Accounts Receivable Due To Refund Of Long-Term Deposit

RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents
Restricted cash

Comments