Last10K.com

Cogent Communications Group Inc (CCOI) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Cogent Communications Holdings, Inc.

CIK: 1158324 Ticker: CCOI

Exhibit 99.1

 

GRAPHIC

 

FOR IMMEDIATE RELEASE

 

Cogent Contacts:

 

 

For Public Relations:

 

For Investor Relations:

Travis Wachter

 

John Chang

+ 1 (202) 295-4217

 

+ 1 (202) 295-4212

twachter@cogentco.com

 

investor.relations@cogentco.com

 

Cogent Communications Reports Fourth Quarter 2013 and Full Year 2013 Results
and Increases Quarterly Dividend on Common Stock

 

Financial and Business Highlights

 

·                  Cogent approves payment of its regular quarterly dividend of $0.16 per common share and a dividend of $10.5 million ($0.23 per share) under its return of capital program for a total dividend of $0.39 per share to be paid on March 27, 2014 to shareholders of record on March 7, 2014

 

·                  The first quarter 2014 per share dividend of $0.39 represents an increase of 5% from the fourth quarter 2013 dividend of $0.37 per share and a $0.27 or a 325% increase from the first quarter 2013 dividend of $0.12 per share

 

·                  Service revenue for Q4 2013 of $89.9 million — an increase of 2.4% from $87.8 million for Q3 2013 and an increase of 8.8% from $82.6 million for Q4 2012

 

·                  Service revenue for 2013 of $348.0 million — an increase of 9.8% from $317.0 million for  2012

 

·                  Traffic increased by 13% from Q3 2013 to Q4 2013,  increased by 72% from Q4 2012 and increased by 86% from full year 2012 to full year 2013

 

·                  Non-GAAP gross margin percentage expanded by 210 basis points from 54.9% for 2012 to 57.0% for 2013

 

·                  EBITDA, as adjusted, for Q4 2013 of $31.5 million — an increase of 2.8% from $30.7 million for Q3 2013 and an increase of 10.5% from $28.5 million for Q4 2012.

 

·                  EBITDA, as adjusted, increased by 17.1% for 2013 to $120.2 million

 

·                  EBITDA, as adjusted, margin increased by 210 basis points from 32.4% for 2012 to 34.5% for 2013

 

·                  Cash and cash equivalents totaled $304.9 million at Q4 2013

 

·                  Basic net income per share of $1.22 for 2013 and $1.14 for Q4 2013 including the impact of an income tax benefit of $49.3 million recorded in Q4 2013

 

·                  40,174 customer connections were on the Cogent network at the end of Q4 2013 — an increase of 4.0 % from 38,639 customer connections at the end of Q3 2013 and an increase of 15.4% from 34,811 customer connections at the end of Q4 2012

 

[WASHINGTON, D.C. February 20, 2014] Cogent Communications Group, Inc. (NASDAQ: CCOI) today announced  service revenue of $89.9 million for the three months ended December 31, 2013, an increase of 2.4% from $87.8 million for the three months ended September 30, 2013 and an increase of 8.8% from $82.6 million for the three months ended December 31,

 


The following information was filed by Cogent Communications Holdings, Inc. (CCOI) on Thursday, February 20, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Cogent Communications Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Cogent Communications Holdings, Inc..

Continue

Assess how Cogent Communications Holdings, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Cogent Communications Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Accrued And Other Liabilities:
Accrued And Other Liabilities: (details)
Accrued And Other Liabilities: (tables)
Commitments And Contingencies:
Commitments And Contingencies: (details 2)
Commitments And Contingencies: (details)
Commitments And Contingencies: (tables)
Description Of The Business And Summary Of Significant Accounting Policies:
Description Of The Business And Summary Of Significant Accounting Policies: (details 2)
Description Of The Business And Summary Of Significant Accounting Policies: (details 3)
Description Of The Business And Summary Of Significant Accounting Policies: (details)
Description Of The Business And Summary Of Significant Accounting Policies: (policies)
Description Of The Business And Summary Of Significant Accounting Policies: (tables)
Geographic Information:
Geographic Information: (details)
Geographic Information: (tables)
Income Taxes:
Income Taxes: (details)
Income Taxes: (tables)
Long-term Debt:
Long-term Debt: (details)
Long-term Debt: (tables)
Property And Equipment:
Property And Equipment: (details)
Property And Equipment: (tables)
Quarterly Financial Information (unaudited):
Quarterly Financial Information (unaudited): (details)
Quarterly Financial Information (unaudited): (tables)
Related Party Transactions:
Related Party Transactions: (details)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Stock Option And Award Plan:
Stock Option And Award Plan: (details 2)
Stock Option And Award Plan: (details)
Stock Option And Award Plan: (tables)
Stockholders' Equity:
Stockholders' Equity: (details)
Stockholders' Equity: (tables)
Ticker: CCOI
CIK: 1158324
Form Type: 10-K Annual Report
Accession Number: 0001047469-14-001543
Submitted to the SEC: Fri Feb 28 2014 10:22:11 AM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Communications Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ccoi/0001047469-14-001543.htm