Switch, Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, 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
Revenue
Cost of revenue
Gross profit
Selling, general and administrative expense
Impact fee expense
Litigation settlement expense
Income from operations
Other income (expense):
Interest expense, including $2,553, $1,840, and $1,636, respectively, in amortization of debt issuance costs and original issue discount
Gain (Loss) on Derivative Instruments, Net, Pretax
Gain (Loss) on Extinguishment of Debt
Gain on sale of asset
Impairment of notes receivable
Gain (Loss) on Termination of Lease
Equity in net losses of investments
Gain on sale of equity method investment
Other
Total other expense

Income before income taxes
Income tax expense
Net income
Less: net income attributable to noncontrolling interest
Net income attributable to Switch, Inc.
Net income per share (Note 15):
Basic (in dollars per share)
Diluted (in dollars per share)
Weighted average shares used in computing net income per share (Note 15):
Basic (in shares)
Diluted (in shares)
Dividends declared per common share (in dollars per share)
Other comprehensive income:
Foreign currency translation adjustment, net of reclassification adjustment and tax of $0
Comprehensive income
Less: comprehensive income attributable to noncontrolling interest
Comprehensive income attributable to Switch, Inc.

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