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Cogent Communications Holdings, Inc. (CCOI) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Cogent Communications Holdings, Inc.

CIK: 1158324 Ticker: CCOI

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

 

Cogent Contacts:

 

 

For Public Relations:

 

For Investor Relations:

Nicole Sanders

 

John Chang

+ 1 (202) 295-4313

 

+ 1 (202) 295-4212

nsanders@cogentco.com

 

investor.relations@cogentco.com

 

Cogent Communications Reports Fourth Quarter and Full Year 2016 Results
and Increases Regular Quarterly Dividend on Common Stock

 

Financial and Business Highlights

 

·                  Cogent approves a 5.0% increase of $0.02 per share to its regular quarterly dividend to $0.42 per common share to be paid on March 24, 2017 to shareholders of record on March 10, 2017

 

·                  Service revenue for Q4 2016 increased by 2.2% from Q3 2016 to $115.6 million and on a constant currency basis increased from Q3 2016 by 2.9%

 

·                  Service revenue for Q4 2016 increased by 9.9% from Q4 2015 and on a constant currency basis increased from Q4 2015 by 10.2%

 

·                  Service revenue for 2016 increased by 10.6% from 2015 to $446.9 million and on a constant currency basis increased from 2015 by 10.8%

 

·                  Dividends in 2016 totaled $68.2 million, or $1.51 per share, with 78.7% treated as a return of capital and 21.3% treated as dividends for US federal income tax purposes

 

·                  Net cash provided by operating activities increased by 48.4% from Q3 2016 to $33.9 million and increased by 28.8% from 2015 to $108.0 million for 2016

 

[WASHINGTON, D.C. February 23, 2017] Cogent Communications Holdings, Inc. (NASDAQ: CCOI) today announced service revenue of $115.6 million for the three months ended December 31, 2016, an increase of 9.9% from $105.2 million for the three months ended December 31, 2015 and an increase of 2.2% from $113.1 million for the three months ended September 30, 2016.  Service revenue was $446.9 million for the year ended December 31, 2016, an increase of 10.6% from $404.2 million for the year ended December 31, 2015.  Foreign exchange negatively impacted service revenue from Q3 2016 to Q4 2016 by $0.7 million, negatively impacted service revenue growth from Q4 2015 to Q4 2016 by $0.3 million and negatively impacted service revenue growth from 2015 to 2016 by $0.9 million.  On a constant currency basis, service revenue grew by 10.2% from Q4 2015 to Q4 2016, grew by 2.9% from Q3 2016 to Q4 2016 and grew by 10.8% from 2015 to 2016.

 


The following information was filed by Cogent Communications Holdings, Inc. (CCOI) on Thursday, February 23, 2017 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.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Comprehensive Income (loss)
Condensed Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Changes In Stockholders' Equity (deficit)
Accrued And Other Liabilities:
Accrued And Other Liabilities: (details)
Accrued And Other Liabilities: (tables)
Commitments And Contingencies:
Commitments And Contingencies: (details)
Commitments And Contingencies: (tables)
Commitments And Contingencies: Current And Potential Litigation (details)
Commitments And Contingencies: Defined Contribution Plan (details)
Commitments And Contingencies: Future Minimum Annual Payments Under Operating Lease Arrangements (details)
Commitments And Contingencies: Future Minimum Payments Under Capital Lease Agreements (details)
Commitments And Contingencies: Gain On Capital Lease Termination (details)
Commitments And Contingencies: Unconditional Purchase Obligations (details)
Description Of The Business And Summary Of Significant Accounting Policies:
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)
Description Of The Business And Summary Of Significant Accounting Policies: Basic And Diluted Net (loss) Income Per Common Share (details)
Description Of The Business And Summary Of Significant Accounting Policies: Financial Instruments (details)
Description Of The Business And Summary Of Significant Accounting Policies: Property, Plant And Equipment (details)
Geographic Information:
Geographic Information: (details)
Geographic Information: (tables)
Income Taxes:
Income Taxes: (tables)
Income Taxes: Components Of (loss) Income Before Income Taxes (details)
Income Taxes: Effective Income Tax Rate Reconciliation (details)
Income Taxes: Net Operating Loss Carry-forwards (details)
Income Taxes: Reconciliation Of Unrecognized Tax Benefits (details)
Income Taxes: Temporary Differences Comprising Our Net Deferred Tax Assets (details)
Long-term Debt:
Long-term Debt: (tables)
Long-term Debt: Convertible Senior Notes (details)
Long-term Debt: Debt Extinguishment, Redemption And New Debt Issuance- (details)
Long-term Debt: Limitations Under The Indentures (details)
Long-term Debt: Long-term Debt Maturities (details)
Long-term Debt: Senior Secured Notes - 2018 Notes (details)
Long-term Debt: Senior Unsecured Notes (details)
Property And Equipment:
Property And Equipment: (tables)
Property And Equipment: Installment Payment Agreements (details)
Property And Equipment: Property And Equipment Additional Information (details)
Property And Equipment: Property And Equipment Exchange Agreement (details)
Property And Equipment: Property And Equipment, Table (details)
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: (tables)
Stock Option And Award Plan: Incentive Award Plan (details)
Stock Option And Award Plan: Incentive Award Plan, Additional Information (details)
Stock Option And Award Plan: Incentive Award Plan, Tables (details)
Stock Option And Award Plan: Non-vested Awards, Tables (details)
Stockholders' Equity:
Stockholders' Equity: (details)
Stockholders' Equity: Common Stock Buyback Program: (details)
Subsequent Events:
Subsequent Events: (details)
Ticker: CCOI
CIK: 1158324
Form Type: 10-K Annual Report
Accession Number: 0001047469-17-000932
Submitted to the SEC: Fri Feb 24 2017 10:12:47 AM EST
Accepted by the SEC: Fri Feb 24 2017
Period: Saturday, December 31, 2016
Industry: Communications Services

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