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Cogent Communications Holdings, Inc. (CCOI) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Cogent Communications Holdings, Inc.

CIK: 1158324 Ticker: CCOI

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

 

Cogent Contacts:

 

 

For Public Relations:

For Investor Relations:

 

Jocelyn Johnson

John Chang

 

+ 1 (202) 295-4299

+ 1 (202) 295-4212

 

jajohnson@cogentco.com

investor.relations@cogentco.com

 

Cogent Communications Reports Fourth Quarter 2017 and Full Year 2017 Results
and Increases Regular Quarterly Dividend on Common Stock

 

Financial and Business Highlights

 

·                  Cogent approves a 4.2% increase of $0.02 per share to its regular quarterly dividend to $0.50 per common share to be paid on March 26, 2018 to shareholders of record on March 9, 2018

·                  Dividends for 2017 totaled $81.7 million, or $1.80 per share, with 50.2% treated as a return of capital and 49.8% treated as dividends for US federal income tax purposes

·                  Service revenue increased by 1.8% from Q3 2017 to Q4 2017 to $125.2 million, increased from Q4 2016 to Q4 2017 by 8.3% and increased from fully year 2016 to full year 2017 by 8.6% to $485.2 million

·                  Cash flow from operations for Q4 2017 increased by 9.0% from Q3 2017 to $31.4 million and increased from full year 2016 to full year 2017 by 3.5% to $111.7 million

·                  EBITDA increased by 7.6% from Q3 2017 to Q4 2017 to $43.2 million, increased from Q4 2016 to Q4 2017 by 16.6% and increased from full year 2016 to full year 2017 by 12.9% to $161.3 million

·                  EBITDA margin for Q4 2017 increased by 240 basis points to 34.5% from Q4 2016 and increased by 180 basis points from Q3 2017

·                  GAAP gross profit increased by 12.6% from full year 2016 to $200.0 million for full year 2017 and GAAP gross margin increased by 150 basis points to 41.2% from full year 2016 to full year 2017

 

[WASHINGTON, D.C. February 22, 2018] Cogent Communications Holdings, Inc. (NASDAQ: CCOI) today announced service revenue of $125.2 million for the three months ended December 31, 2017, an increase of 8.3% from the three months ended December 31, 2016 and an increase of 1.8% from the three months ended September 30, 2017. Service revenue was $485.2 million for the year ended December 31, 2017, an increase of 8.6% from the year ended December 31, 2016.   Foreign exchange had no impact on service revenue growth from the three months ended September 30, 2017 to the three months ended December 31, 2017.  Foreign exchange positively impacted service revenue growth from the three months ended December 31, 2016 to the three months ended December 31, 2017 by $2.1 million and positively impacted service revenue growth from the year ended December 31, 2016 to the year

 


The following information was filed by Cogent Communications Holdings, Inc. (CCOI) on Thursday, February 22, 2018 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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Inside Cogent Communications Holdings, Inc.'s 10-K Annual Report:

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 Cash Flows (parenthetical)
Consolidated Statements Of Changes In Stockholders' Equity (deficit)
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: (tables)
Commitments And Contingencies: Capital Leases - Fiber Lease Agreement (details)
Commitments And Contingencies: Capital Leases - Future Minimum Payments (details)
Commitments And Contingencies: Current And Potential Litigation (details)
Commitments And Contingencies: Defined Contribution Plan (details)
Commitments And Contingencies: Gains On Capital Lease Terminations (details)
Commitments And Contingencies: Operating Leases (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: (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 Income Per Common Share (details)
Description Of The Business And Summary Of Significant Accounting Policies: Description Of The Business (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 And Equipment (details)
Description Of The Business And Summary Of Significant Accounting Policies: Revenue Recognition - Allowance For Doubtful Accounts (details)
Description Of The Business And Summary Of Significant Accounting Policies: Revenue Recognition - Excise Taxes (details)
Geographic Information:
Geographic Information: (details)
Geographic Information: (tables)
Income Taxes:
Income Taxes: (tables)
Income Taxes: Components Of Income (loss) Before Income Taxes (details)
Income Taxes: Effective Income Tax Rate Reconciliation (details)
Income Taxes: Income Tax Expense (details)
Income Taxes: Loss Carry-forwards (details)
Income Taxes: Reconciliation Of Unrecognized Tax Benefits (details)
Income Taxes: Tax Cuts And Jobs Act (details)
Income Taxes: Temporary Differences (details)
Long-term Debt:
Long-term Debt: (tables)
Long-term Debt: Debt Extinguishment, Redemption And New Debt Issuances - $375 Million 2022 Notes- (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 - $189.2 Million 2021 Notes (details)
Property And Equipment:
Property And Equipment: (details)
Property And Equipment: (tables)
Property And Equipment: Exchange Agreement (details)
Property And Equipment: Installment Payment Agreement (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 - Activity (details)
Stock Option And Award Plan: Incentive Award Plan Fair Value Assumptions (details)
Stock Option And Award Plan: Incentive Award Plan, Additional Information (details)
Stock Option And Award Plan: Non-vested Restricted Stock (details)
Stockholders' Equity:
Stockholders' Equity: Authorized Shares (details)
Stockholders' Equity: Common Stock Buybacks (details)
Subsequent Events:
Subsequent Events: (details)
Ticker: CCOI
CIK: 1158324
Form Type: 10-K Annual Report
Accession Number: 0001047469-18-000988
Submitted to the SEC: Fri Feb 23 2018 8:53:51 AM EST
Accepted by the SEC: Fri Feb 23 2018
Period: Sunday, December 31, 2017
Industry: Communications Services

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