Cogent Communications Holdings Inc
NASDAQ:CCOI

  • LAST PRICE
    83.7500
  • TODAY'S CHANGE (%)
    -1.6000 (-1.8746%)
  • Bid / Lots
    83.5500/ 1
  • Ask / Lots
    83.9800/ 1
  • Open / Previous Close
    84.2300 / 85.3500
  • Day Range
    82.9570
    85.3738
  • 52 Week Range
    50.8000
    86.7600
  • Volume
    473,268

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  • Nov 7, 2024

      Show headlines and story abstract

    • 8:42AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: CCOI
      08:42 AM EST, 11/07/2024 (MT Newswires) -- Cogent Communications Holdings (CCOI) reported a Q3 net loss Thursday of $1.33 per diluted share, widening from a loss of $1.20 a year earlier. Analysts polled by Capital IQ expected a loss of $1.13 per sha...

    • 6:59AM ET on Thursday Nov 07, 2024 by MT Newswires
      Companies Mentioned: CCOI
      06:59 AM EST, 11/07/2024 (MT Newswires) -- ...

    • 6:58AM ET on Thursday Nov 07, 2024 by PR Newswire
      Companies Mentioned: CCOI

      Financial and Business Highlights

      -- Service revenue was $260.4 million for Q2 2024 and was $257.2 million for Q3 2024.

      -- Wavelength revenue increased by 45.8%, sequentially, and was $3.6 million for Q2 2024 and $5.3 million for Q3 2024.

    • 6:58AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: CCOI

    • 6:58AM ET on Thursday Nov 07, 2024 by Dow Jones
      Companies Mentioned: CCOI
      ----------------- --- ---------------- Net cash used in financing activities (50,978) (86,036) ----------------- --- ---------------- Effect of exchange rates changes on cash (4,701) (1,539) ----------------- --- ---------------- Net decrease in cash, cash equivalents and restricted cash (110,149) (77,881) Cash, cash equivalents and restricted cash, beginning of period 426,241 243,953 ----------------- --- ---------------- Cash, cash equivalents and restricted cash, end of period $ 316,092 $ 166,072 ================= === ================ COGENT COMMUNICATIONS HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 AND SEPTEMBER 30, 2023 (IN THOUSANDS) Nine Months Ended Nine Months Ended September 30, 2024 September 30, 2023 --------------------- --------------------- (Unaudited) (Unaudited) Cash flows from operating activities: Net (loss) income $ (160,757) $ 1,073,288 Adjustments to reconcile net (loss) income to net cash provided by operating activities: Depreciation and amortization 230,747 164,403 Amortization of debt costs and discounts 2,364 986 Amortization of discounts, due from T-Mobile,IP Transit Services & Purchase Agreements (19,033) (19,138) Equity-based compensation expense (net of amounts capitalized) 18,390 20,241 Gain on bargain purchase -- Sprint Business (22,202) (1,152,386) Gains -- lease terminations and other, net (3,332) (277) Deferred income taxes (66,902) (63,509) Changes in operating assets and liabilities: Accounts receivable 35,910 (3,247) Prepaid expenses and other current assets (3,949) (4,763) Due to T-Mobile -- Transition Services Agreement (65,338) 69,629 Due from T-Mobile -- Transition Services Agreement 4,514 (16,831) Accounts payable, accrued liabilities and other long-term liabilities 32,785 (2,176) Deposits and other assets (6,374) (177) ----------------- ----------------- Net cash (used in) provided by operating activities (23,177) 66,043 ----------------- ----------------- Cash flows from investing activities: Cash payments - IP Transit Services Agreement -- T-Mobile 179,167 116,667 Acquisition of Sprint Business, net of $47.1 million of cash acquired in 2023 12,323 (14,037) Purchases of property and equipment (148,894) (86,023) ----------------- ----------------- Net cash provided by investing activities 42,596 16,607 ----------------- ----------------- Cash flows from financing activities: Dividends paid (140,992) (135,354) Purchases of common stock (7,968) -- Net proceeds from issuance of senior unsecured 2027 Notes - net of discount of $6.8 million and debt costs of $1.4 million 291,879 -- Net proceeds from issuance of secured IPv4 notes -- net of debt costs of $7.6 million 198,426 -- Proceeds from exercises of stock options 952 787 Principal payments of finance lease obligations (46,653) (58,549) Settlement of finance lease -- at a discount (114,576) -- ----------------- ----------------- Net cash provided by (used in) financing activities 181,068 (193,116) ----------------- ----------------- Effect of exchange rates changes on cash 1,824 626 ----------------- ----------------- Net increase (decrease) in cash, cash equivalents and restricted cash 202,311 (109,840) Cash, cash equivalents and restricted cash, beginning of period 113,781 275,912 ----------------- ----------------- Cash, cash equivalents and restricted cash, end of period $ 316,092 $ 166,072 ================= =================

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