Switch Inc
F:821
Income Statement
Earnings Waterfall
Switch Inc
Income Statement
Switch Inc
| Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue |
318
N/A
|
334
+5%
|
345
+3%
|
361
+5%
|
378
+5%
|
387
+2%
|
397
+3%
|
402
+1%
|
406
+1%
|
416
+2%
|
425
+2%
|
445
+5%
|
462
+4%
|
483
+4%
|
498
+3%
|
504
+1%
|
512
+1%
|
514
+1%
|
529
+3%
|
558
+6%
|
592
+6%
|
626
+6%
|
652
+4%
|
669
+3%
|
|
| Gross Profit | |||||||||||||||||||||||||
| Cost of Revenue |
(169)
|
(177)
|
(184)
|
(188)
|
(198)
|
(208)
|
(215)
|
(223)
|
(225)
|
(227)
|
(230)
|
(234)
|
(243)
|
(252)
|
(262)
|
(273)
|
(279)
|
(284)
|
(293)
|
(316)
|
(340)
|
(362)
|
(387)
|
(416)
|
|
| Gross Profit |
149
N/A
|
157
+5%
|
160
+2%
|
173
+8%
|
180
+4%
|
179
-1%
|
183
+2%
|
179
-2%
|
182
+1%
|
189
+4%
|
195
+4%
|
211
+8%
|
220
+4%
|
231
+5%
|
236
+2%
|
231
-2%
|
232
+0%
|
230
-1%
|
236
+3%
|
242
+3%
|
252
+4%
|
263
+4%
|
265
+1%
|
253
-5%
|
|
| Operating Income | |||||||||||||||||||||||||
| Operating Expenses |
(99)
|
(101)
|
(104)
|
(107)
|
(161)
|
(179)
|
(186)
|
(196)
|
(127)
|
(128)
|
(129)
|
(135)
|
(143)
|
(149)
|
(149)
|
(144)
|
(137)
|
(132)
|
(134)
|
(140)
|
(148)
|
(153)
|
(158)
|
(159)
|
|
| Selling, General & Administrative |
(98)
|
(101)
|
(104)
|
(107)
|
(161)
|
(175)
|
(186)
|
(195)
|
(125)
|
(125)
|
(126)
|
(132)
|
(139)
|
(144)
|
(145)
|
(139)
|
(132)
|
(127)
|
(129)
|
(136)
|
(143)
|
(148)
|
(153)
|
(153)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
51
N/A
|
56
+9%
|
57
+2%
|
66
+16%
|
19
-71%
|
0
-98%
|
(4)
N/A
|
(17)
-333%
|
55
N/A
|
61
+12%
|
66
+8%
|
76
+14%
|
77
+2%
|
82
+7%
|
87
+5%
|
88
+1%
|
96
+9%
|
99
+3%
|
102
+4%
|
102
0%
|
104
+2%
|
110
+6%
|
107
-3%
|
94
-12%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||
| Interest Income Expense |
(21)
|
(22)
|
(24)
|
(29)
|
(26)
|
(27)
|
(27)
|
(25)
|
(24)
|
(30)
|
(41)
|
(45)
|
(44)
|
(57)
|
(51)
|
(48)
|
(53)
|
(29)
|
(31)
|
(43)
|
(43)
|
(42)
|
(40)
|
(29)
|
|
| Non-Reccuring Items |
(2)
|
(2)
|
(6)
|
(6)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(4)
|
(9)
|
(48)
|
(51)
|
(52)
|
(49)
|
|
| Gain/Loss on Disposition of Assets |
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
373
|
373
|
|
| Total Other Income |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
4
|
4
|
4
|
4
|
1
|
2
|
2
|
|
| Pre-Tax Income |
31
N/A
|
35
+12%
|
31
-10%
|
32
+2%
|
(10)
N/A
|
(26)
-174%
|
(31)
-17%
|
(41)
-35%
|
31
N/A
|
32
+1%
|
26
-17%
|
31
+19%
|
34
+10%
|
26
-23%
|
36
+37%
|
40
+11%
|
43
+8%
|
74
+72%
|
70
-4%
|
55
-22%
|
17
-68%
|
19
+7%
|
389
+2 001%
|
391
+0%
|
|
| Net Income | |||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(4)
|
(5)
|
(8)
|
(8)
|
(6)
|
(3)
|
(4)
|
(4)
|
(5)
|
|
| Income from Continuing Operations |
31
|
35
|
31
|
32
|
(9)
|
(26)
|
(31)
|
(43)
|
29
|
29
|
24
|
30
|
32
|
24
|
33
|
36
|
38
|
66
|
63
|
49
|
15
|
14
|
385
|
386
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(7)
|
(10)
|
(19)
|
(23)
|
(25)
|
(25)
|
(20)
|
(22)
|
(23)
|
(17)
|
(22)
|
(23)
|
(23)
|
(38)
|
(35)
|
(26)
|
(9)
|
(8)
|
(6)
|
(7)
|
|
| Net Income (Common) |
31
N/A
|
35
+12%
|
31
-10%
|
32
+2%
|
(15)
N/A
|
(35)
-129%
|
(49)
-41%
|
(66)
-34%
|
4
N/A
|
4
N/A
|
5
+10%
|
7
+64%
|
9
+19%
|
7
-22%
|
11
+57%
|
13
+21%
|
16
+19%
|
28
+82%
|
28
-3%
|
22
-20%
|
5
-76%
|
7
+22%
|
379
+5 674%
|
379
+0%
|
|
| EPS (Diluted) |
1
N/A
|
1.12
+12%
|
1
-11%
|
0.89
-11%
|
-0.42
N/A
|
-0.96
-129%
|
-1.15
-20%
|
-1.29
-12%
|
0.08
N/A
|
0.02
-75%
|
0.06
+200%
|
0.03
-50%
|
0.04
+33%
|
0.07
+75%
|
0.04
-43%
|
0.12
+200%
|
0.06
-50%
|
0.22
+267%
|
0.11
-50%
|
0.16
+45%
|
0.04
-75%
|
0.03
-25%
|
1.51
+4 933%
|
2.45
+62%
|
|