CCOI Stock Cash Flow Statements

Cogent Communications Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Cogent Communications Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30


cash flows from operating activities:
net income	-57,807,000	-52,042,000	-43,317,000	-63,112,000	-32,338,000	-65,307,000	200,153,000	-56,723,000	852,000	18,507,000	-6,620,000	7,466,000	9,217,000	8,231,000	6,552,000	6,784,000	3,650,000	4,317,000	4,136,000	4,224,000	3,354,000	3,160,000	841,000	-1,585,000	-184,000	1,208,000	125,000	1,607,000	361,000																				-16,106,000	-16,151,000	-14,973,000		-23,041,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	75,290,000	76,038,000	67,271,000	85,817,000	74,039,000	70,891,000	67,806,000	86,734,000	23,563,000	22,565,000	22,455,000	20,001,000	20,263,000	20,276,000	20,216,000	19,788,000	19,148,000	18,897,000	18,538,000	18,604,000	17,753,000	17,634,000	17,370,000	17,513,000	17,432,000	17,301,000	17,204,000	15,900,000	15,874,000																				12,432,000	12,796,000	13,680,000	14,991,000	13,369,000
amortization of debt costs and discounts	1,342,000	1,192,000		1,258,000
amortization of discounts, due from t-mobile, ip transit services & purchase agreements	-4,731,000	-5,111,000	-5,482,000	-5,847,000	-6,336,000	-6,850,000	-9,547,000	-10,963,000
equity-based compensation expense	4,664,000	8,013,000	7,348,000	7,874,000	3,566,000	6,950,000	6,683,000	7,411,000	6,265,000	6,053,000	5,846,000	4,940,000	3,434,000	4,821,000	4,695,000	3,784,000	3,734,000	3,225,000	2,647,000	2,687,000	2,181,000	2,704,000	3,099,000	3,141,000	2,692,000	1,872,000	2,006,000	2,137,000	2,514,000
loss on debt extinguishment and redemption – 2026 notes
gain on bargain purchase – sprint
gain on finance lease termination
deferred income taxes	-17,248,000	-18,554,000	15,279,000	-23,348,000	-10,485,000	-33,069,000	-6,073,000	-36,319,000	11,857,000	6,237,000	-1,818,000	2,873,000	2,572,000	2,712,000	2,192,000	2,623,000	3,209,000	3,397,000	3,229,000	3,310,000	2,323,000	2,355,000	653,000	822,000	1,139,000	-457,000	1,229,000	145,000	59,000
changes in operating assets and liabilities:
accounts receivable	-7,172,000	8,979,000	2,631,000	12,111,000	-4,507,000	28,306,000	-47,755,000	1,671,000	265,000	1,544,000	-1,600,000	1,110,000	2,264,000			1,355,000			43,000			-8,000	-997,000	2,123,000																													-2,653,000
prepaid expenses and other current assets	-8,483,000	2,261,000	-1,890,000	-16,849,000	12,010,000	890,000	-6,238,000	9,377,000	1,977,000	-1,751,000	482,000	1,132,000																																									1,030,000
due to t-mobile – transition services agreement	-209,000	-307,000	-1,045,000	-716,000	-3,530,000	-61,092,000	-2,721,000	-49,148,000
due from t-mobile – transition services agreement	-119,000	62,000	-62,000	16,185,000	-8,619,000	-3,052,000	12,317,000	-9,816,000
accounts payable, accrued liabilities and other long-term liabilities	-35,932,000	18,148,000	-29,933,000	-33,756,000	-8,856,000	75,397,000	19,330,000	6,536,000	-2,509,000	-1,886,000	-501,000	3,692,000								386,000	8,379,000	77,000	-1,399,000	2,088,000	-3,206,000			3,333,000	314,000
deposits and other assets	761,000	-2,328,000	2,408,000	-3,686,000	670,000	-3,358,000	-1,371,000	-310,000	-518,000	11,000	-245,000	599,000															78,000	183,000	24,000
net cash from operating activities	-44,038,000	36,351,000	14,532,000	-20,226,000	-22,170,000	19,219,000	-48,698,000	-52,432,000	36,323,000	35,984,000	37,571,000	46,097,000	28,637,000	31,745,000	31,271,000	30,179,000	28,783,000	28,045,000	23,514,000	23,698,000	27,557,000	23,403,000	20,035,000	18,372,000	16,074,000	28,395,000	10,636,000	22,703,000	14,962,000	15,489,000	19,471,000	12,686,000	15,899,000	19,154,000	13,468,000	15,201,000	15,309,000	14,751,000	13,031,000	12,816,000	17,828,000	14,223,000	11,492,000	10,286,000	13,627,000	460,000	1,498,000
capex	-56,200,000	-58,088,000	-46,104,000	-59,244,000	-48,767,000	-40,883,000	-43,609,000	-25,370,000	-19,591,000	-15,296,000	-15,860,000	-9,899,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	-100,238,000	-21,737,000	-31,572,000	-79,470,000	-70,937,000	-21,664,000	-92,307,000	-77,802,000	16,732,000	20,688,000	21,711,000	36,198,000	28,637,000	31,745,000	31,271,000	30,179,000	28,783,000	28,045,000	23,514,000	23,698,000	27,557,000	23,403,000	20,035,000	18,372,000	16,074,000	28,395,000	10,636,000	22,703,000	14,962,000	15,489,000	19,471,000	12,686,000	15,899,000	19,154,000	13,468,000	15,201,000	15,309,000	14,751,000	13,031,000	12,816,000	17,828,000	14,223,000	11,492,000	10,286,000	13,627,000	460,000	1,498,000
cash flows from investing activities:
cash receipts - ip transit services agreement – t-mobile	25,000,000	25,000,000				87,500,000
acquisition of sprint – severance reimbursement
purchases of property and equipment	-56,200,000	-58,088,000	-46,104,000	-59,244,000	-48,767,000	-40,883,000	-43,609,000	-25,370,000	-19,591,000	-15,296,000	-15,860,000	-9,899,000
net cash from investing activities	-31,200,000	-33,088,000	-21,104,000	-34,244,000	25,889,000	50,951,000	60,119,000	62,127,000	-19,591,000	-15,296,000	-15,860,000	-9,899,000																																									806,000
cash flows from financing activities:
dividends paid	-49,560,000	-49,133,000	-48,416,000	-47,210,000	-93,304,000	-478,000	-46,362,000	-45,136,000	-43,975,000	-39,552,000	-34,460,000	-29,776,000
purchases of common stock				0							-4,225,000
net proceeds from issuance of senior unsecured 2027 notes - net of discount of 6.8 million and debt costs of 1.4 million				0
net proceeds from issuance of secured ipv4 notes – net of debt costs of 4.0 million and 7.6 million, respectively
net proceeds from issuance of senior secured 2032 notes - net of debt costs of 2.2 million
debt extinguishment and redemption – 2026 notes
proceeds from exercises of stock options	30,000	121,000		748,000	40,000	164,000		402,000					173,000	518,000	705,000	297,000	433,000	186,000	300,000	424,000	206,000	69,000	89,000	130,000	137,000	146,000	155,000	522,000	215,000	172,000	64,000	94,000	216,000	88,000	67,000	63,000	14,000	327,000	11,000	8,000	21,000	47,000	53,000	244,000	191,000
settlement of finance lease – at a discount				0
principal payments of finance lease obligations	-8,520,000	-8,003,000	-27,979,000	-4,522,000	-18,896,000	-23,235,000	-18,813,000	-41,302,000	-24,514,000	-6,228,000	-4,598,000	-2,062,000
net cash from financing activities	193,754,000	-57,015,000	-75,143,000	-50,978,000	255,595,000	-23,549,000	-64,735,000	-86,036,000	-68,301,000	-46,271,000	-45,768,000	-34,124,000													-36,891,000								-8,735,000	-4,333,000	167,548,000											-3,478,000	-1,151,000	-840,000	-1,035,000	28,488,000	13,211,000
effect of exchange rates changes on cash	4,239,000	9,806,000		-4,701,000	3,653,000	2,872,000		-1,540,000								532,000	1,415,000	1,774,000	383,000	-545,000	1,454,000											541,000
net increase in cash, cash equivalents and restricted cash	122,755,000	-43,946,000		-110,149,000	262,967,000	49,493,000
cash, cash equivalents and restricted cash, beginning of period	0	227,916,000		0	0	113,781,000		0
cash, cash equivalents and restricted cash, end of period	122,755,000	183,970,000		-110,149,000	262,967,000	163,274,000		-77,881,000
supplemental disclosure of non-cash financing activities:
finance lease obligations incurred	79,076,000	38,961,000	69,555,000	75,032,000	42,183,000	54,423,000	14,686,000	175,143,000	33,242,000	12,420,000	10,118,000	2,965,000	3,630,000
reduction to gain on bargain purchase – sprint business						5,470,000
acquisition of sprint business – severance reimbursement						4,334,000
amortization of debt discounts and premium
gain on bargain purchase – sprint business			0	0			-254,049,000
foreign currency exchange gain on 2024 notes
loss on extinguishment & redemption of 2024 notes
gain – lease termination
gains—equipment transactions and other
acquisition of sprint business, net of 47.1 million of cash acquired in 2023			0	0
net proceeds from issuance of senior unsecured 2027 notes, net of debt costs of 1.6 million in 2024 and a discount of 6.8 million in 2024 and debt costs of 1.3 million in 2022
net proceeds from issuance of secured ipv4 notes – net of debt costs of 7.6 million			0	6,000
redemption and extinguishment of unsecured 2024 notes
purchases and retirement of common stock
settlement of a finance lease – at a discount
principal payments of installment payment agreement
proceeds from exercises of common stock options
effect of exchange rate changes on cash																																	-922,000	236,000	883,000			500,000				100,000	245,000	302,000	90,000		73,000
net increase in cash and cash equivalents & restricted cash
cash and cash equivalents & restricted cash, beginning of year
cash and cash equivalents & restricted cash, end of year
supplemental disclosures of cash flow information:
cash paid for interest
cash paid for income taxes
non-cash investing and financing activities:
fair value of equipment acquired in leases									0		0	0
gains – lease terminations and other				0
cash payments - ip transit services agreement – t-mobile				25,000,000
unfavorable lease liabilities					-1,392,000	-2,451,000	-10,337,000	-9,705,000
amortization of debt discounts						342,000
gains – lease transactions
change in valuation – interest rate swap agreement						6,152,000	-17,722,000	4,825,000	-2,590,000
loss on extinguishment & redemption of 2022 notes
acquisition of sprint business, net of 47.1 million of cash acquired							16,228,000
net proceeds from issuance of 2027 notes, net of debt costs of 1,290
net proceeds from issuance of 2026 notes, net of debt costs of 1,317
redemption and extinguishment of 2024 notes
redemption and extinguishment of 2022 notes
net decrease in cash and cash equivalents & restricted cash
amortization of debt discount and premium								334,000					414,000	375,000	381,000	370,000	332,000	287,000	280,000	480,000	216,000				-286,000	1,140,000	1,415,000
gains - equipment transactions and other								331,000
loss on debt extinguishment and redemption – 2024 euro notes
foreign currency exchange gain on 2024 euro notes
cash receipts - ip transit agreement – t-mobile
redemption and extinguishment – 2024 euro notes
net proceeds from issuance of senior unsecured 2027 notes - net of debt costs of 1,290
principal payments on installment payment agreement
net decrease in cash, cash equivalents and restricted cash
gain on bargain purchase – sprint wireline business
unrealized foreign currency exchange gain on 2024 euro notes												4,032,000
cash payments - ip transit agreement – t-mobile
acquisition of sprint wireline business, net of 47.1 million of cash acquired
foreign currency exchange (gain) loss on 2024 notes
realized foreign currency exchange gain on 2024 notes
loss on extinguishment & redemption of 2021 notes
net proceeds from issuance of 2024 notes, net of debt costs of 2,137
redemption and extinguishment of 2021 notes											0
pp&e obtained for installment payment agreement											0	2,310,000	3,434,000	2,666,000	3,377,000	2,566,000	1,703,000	1,567,000	3,307,000
non-cash component of network equipment obtained in exchange transactions											10,000	207,000	536,000	416,000	343,000	117,000	389,000	996,000	2,124,000	4,439,000	1,946,000	1,123,000	638,000	3,956,000	3,114,000	2,665,000	2,235,000
amortization of debt costs, discounts and premiums
loss on debt extinguishment and redemption – 2022 notes
gains on foreign exchange – 2024 euro notes
redemption and extinguishment – 2022 notes
net proceeds from issuance of senior secured 2026 notes - net of debt costs of 1,317
supplemental disclosure of non-cash investing and financing activities:
fair value of equipment acquired in lease
loss on debt extinguishment and repurchase of 2022 notes
repurchase and extinguishment of 2022 notes
realized foreign currency exchange gain on 2024 euro notes
net proceeds from issuance of 2024 euro notes, net of debt costs of 2,137 and 1,556, respectively
amortization of debt costs, discounts and premium
loss on debt extinguishment and redemption – 2021 notes
unrealized (gain) loss on foreign exchange – 2024 notes
realized foreign exchange gain on issuance of 2024 notes
extinguishment and redemption of 2021 notes
extinguishment and redemption of 2022 notes
net proceeds from issuance of senior unsecured 2024 euro notes - net of debt costs of 2,137
cash and cash equivalents & restricted cash, beginning of period
cash and cash equivalents & restricted cash, end of period
unrealized (gains) losses on foreign exchange – 2024 notes
net increase in cash and cash equivalents											-21,992,000	3,151,000													-38,056,000								-3,195,000	1,904,000	169,059,000									133,481,000	5,631,000	-6,372,000	-5,168,000		-3,037,000	21,280,000	3,468,000		-4,204,000
cash and cash equivalents, beginning of period													276,093,000	0	0	247,011,000	0	0	274,319,000	0	203,591,000	0	0	287,790,000	0	0	304,866,000	0	247,285,000	0	0	238,207,000	0	0	56,283,000	0	55,929,000	0	0	71,291,000	0	0	177,021,000	0	42,642,000		0		0	0	13,844,000		0
cash and cash equivalents, end of period													259,138,000	60,276,000	-11,744,000	236,026,000	-5,727,000	-6,704,000	263,196,000	-41,083,000	196,050,000	-17,204,000	-35,556,000	260,050,000	-38,056,000	86,088,000	263,747,000	2,375,000	234,960,000	-5,163,000	4,933,000	232,294,000	-3,195,000	1,904,000	225,342,000	-2,573,000	55,008,000	-8,958,000	-7,105,000	67,177,000	-19,958,000	-25,597,000	154,605,000	133,481,000	48,273,000		-5,168,000		-3,037,000	21,280,000	17,312,000		-4,204,000
loss on extinguishment of 2022 notes
net decrease in cash and cash equivalents
loss on extinguishment of 2021 notes
net proceeds from issuance of senior 2024 euro notes, net of debt costs of 2,137 and 1,556, respectively
net proceeds from issuance of 2022 notes, net of debt costs of 1,364
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
unrealized losses (gains) on foreign exchange
net proceeds from issuance of senior unsecured 2024 euro notes - net of debt costs of 2,137 and 1,556, respectively
net proceeds from issuance of senior unsecured 2024 euro notes — net of debt costs of 1,556
net proceeds from issuance of 2022 secured notes-net of debt costs of 1,364
amortization of debt costs and premium
net proceeds from issuance of 2022 secured notes – net of debt costs of 1,363
net proceeds from issuance of senior unsecured 2024 euro notes - net of debt costs of 1,556
gains — equipment transactions and other
net proceeds from issuance of 2022 secured notes — net of debt costs of 1,363
principal payments of capital lease obligations
capital lease obligations incurred														4,339,000	7,119,000	3,616,000	6,525,000	5,623,000	5,957,000	3,602,000	3,281,000	10,137,000	3,466,000	4,217,000	11,436,000	3,447,000	4,224,000	2,382,000	18,842,000	4,218,000	3,423,000	2,312,000	7,535,000	11,722,000	16,845,000
losses on debt purchases and installment loan repayment
purchases of senior secured 2021 notes
losses on debt extinguishment and redemption
gain on capital lease termination
loss on debt purchases and installment loan repayment
proceeds from disposition of assets
purchases of senior unsecured 2021 notes
net proceeds from issuance of senior secured 2022 notes
redemption of senior secured 2018 notes
supplemental disclosure of non-cash financing and investing activities:
loss on debt extinguishment and redemption																						0	0	10,144,000
gains on capital lease terminations
(gains) losses — equipment transactions and other
proceeds from dispositions of assets																						29,000			-1,000	65,000	27,000	0	2,000	-1,000	10,000	111,000	0	0	2,000	4,000	230,000	2,000			40,000	44,000	22,000	0	14,000		0		0	40,000	5,082,000
repayment of convertible senior notes
net proceeds from issuance of 2021 notes
net proceeds from issuance of 2022 notes
redemption of 2018 notes
pp&e obtained for note payable																						10,005,000	3,893,000	1,704,000
net proceeds from issuance of senior unsecured notes																									0
net proceeds from issuance of senior secured notes																							-60,000	248,659,000
redemption of senior secured notes
(gains) losses - dispositions of assets and other
gains—dispositions of assets and other																													135,000
amortization of debt discount—convertible notes																												1,613,000	1,580,000																				410,000	362,000	338,000		280,000
losses (gains) - dispositions of assets and other
changes in assets and liabilities:
proceeds from issuance of senior secured notes																																	0	-1,000	170,513,000
repayments of capital lease obligations
supplemental disclosure of cash flow information:
maturities of short term investments																																							0	62,000					80,000						154,000
purchase of other assets
maturities of short term investments - restricted
purchase of convertible notes
(purchases) maturities of short term investments																																									0					0	550,000
proceeds from issuance of senior convertible notes
senior convertible notes issuance costs
repayment and purchase of convertible notes, respectively
repayment of convertible notes
maturities (purchases) of short term investments
proceeds from issuance of common stock																																															-53,000
purchase of common stock
gains—cisco credit facility—related party
gains—capital lease obligation restructurings and dispositions of assets
other assets																																																					551,000
accounts payable and accrued liabilities
purchases of intangible assets
cash acquired—acquisitions
purchase of fiber optic network in germany
proceeds from asset sales
repayment of capital lease obligations
repayment of advance from lng holdings—related party
cash acquired—mergers
proceeds from sales of common stock
proceeds from issuance of subordinated note—related party
repayment of subordinated note—related party
repayment of cisco note
borrowings under credit facility																																																	0	0	10,000,000
repayments under credit facility
non-cash financing activities—
purchase of german network assets
restricted cash-collateral under credit facility
proceeds from exercise of stock options																																															62,000
proceeds from issuance of subordinated note — related party
repayment of subordinated note — related party
repayment of cisco note — related party
effect of exchange rates on cash
net increase in cash and cash equivalents during period
gains— dispositions of assets and debt
amortization of deferred compensation																																																	3,165,000	3,175,000	3,195,000		2,960,000
changes in assets and liabilities, net of acquisitions:
accounts payable, accrued and other liabilities
cash acquired – acquisitions
proceeds from other acquired assets
proceeds from sale of common stock																																																	0
cash acquired - mergers
proceeds from issuance of subordinated note – related party																																																	0	0	10,000,000
repayment of subordinated note – related party
repayment of cisco note – related party
repayment of advances from lng holdings—related party
gains—dispositions of assets and debt
cash acquired – cogent europe
gains—dispositions of assets
non-cash financing activities—capital lease obligations incurred																																																			384,000		346,000
consolidated statement of operations data:
net service revenue
operating expenses:
cost of network operations
amortization of deferred compensation—cost of network operations
selling, general, and administrative
amortization of deferred compensation—sg&a
gain on settlement of vendor litigation
terminated public offering costs
restructuring charge
total operating expenses
operating income
settlement of note holder litigation
interest income and other
gains—lease debt restructurings
gain—allied riser note settlement
gain—cisco credit facility—troubled debt restructuring
income before extraordinary gain
extraordinary gain—allied riser merger
beneficial conversion of preferred stock
net income applicable to common stock
net income applicable to common stock—basic
net income applicable common stock—diluted
weighted-average common shares—basic
weighted-average common shares—diluted
consolidated balance sheet data
cash and cash equivalents
total assets
long-term debt
preferred stock
stockholders’ equity
other operating data:
gain—cisco credit facility troubled debt restructuring
gain—allied riser note exchange
gain—sale of warrant
amortization of debt costs
loss on equipment sale																																																					0
accounts receivable—related party
accounts payable—related party																																																					58,000
proceeds from other assets acquired – firstmark acquisition																																																					6,000
cash acquired—global access acquisition
cash acquired—ufo acquisition
cash acquired—firstmark acquisition																																																					0
cash acquired—gamma acquisition																																																					0
cash acquired—omega acquisition																																																					0
proceeds from sale of equipment																																																					0
proceeds from sale of warrant																																																					-4,000
borrowings under cisco credit facility
exchange agreement payment—allied riser notes
exchange agreement payment—cisco credit facility restructuring
proceeds from issuance of series g preferred stock
borrowing under credit facility for payment of loan costs and interest
issuance of series i preferred stock for gamma common stock																																																					0
issuance of series j preferred stock for omega common stock																																																					0
issuance of series k preferred stock for ufo group common stock
issuance of series l preferred stock for global access assets
exchange agreement with cisco capital
global access acquisition
fair value of assets acquired																																																					-153,537,000
less: valuation of series l preferred stock issued
fair value of liabilities assumed																																																					-74,657,000
ufo group inc. merger—ufo acquisition
less: valuation of series k preferred stock issued
symposium gamma merger—firstmark acquisition
negative goodwill
less: valuation of series i preferred stock issued
sales of short term investments

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