$CCOI
COGENT COMMUNICATIONS HOLDINGS, INC.

2022 Q3 Form 10-Q Financial Statement

#000110465922086522 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $150.0M $148.5M $149.2M
YoY Change 1.4% 0.39% 1.63%
Cost Of Revenue $57.22M $56.51M $57.45M
YoY Change 1.02% 0.59% 0.63%
Gross Profit $92.78M $91.94M $91.73M
YoY Change 1.64% 0.26% 2.28%
Gross Profit Margin 61.85% 61.93% 61.49%
Selling, General & Admin $39.11M $39.39M $40.63M
YoY Change -2.5% -4.85% -1.97%
% of Gross Profit 42.16% 42.84% 44.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.90M $23.10M $22.70M
YoY Change 1.33% 4.52% 3.18%
% of Gross Profit 24.68% 25.13% 24.75%
Operating Expenses $39.11M $39.39M $40.63M
YoY Change -2.5% -4.85% -1.97%
Operating Profit $28.10M $29.57M $28.78M
YoY Change -1.61% 4.8% 9.48%
Interest Expense $17.95M $13.48M $35.44M
YoY Change 3.45% -5.32% 123.79%
% of Operating Profit 63.88% 45.59% 123.12%
Other Income/Expense, Net -$262.0K -$522.0K $319.0K
YoY Change -140.43% -915.63%
Pretax Income -$7.038M $19.72M $1.678M
YoY Change -131.96% -1052.1% -93.6%
Income Tax $969.0K $8.554M $541.0K
% Of Pretax Income 43.38% 32.24%
Net Earnings -$8.007M $11.16M $1.137M
YoY Change -160.11% -547.81% -93.97%
Net Earnings / Revenue -5.34% 7.52% 0.76%
Basic Earnings Per Share -$0.17 $0.24 $0.02
Diluted Earnings Per Share -$0.17 $0.24 $0.02
COMMON SHARES
Basic Shares Outstanding 48.01M 46.69M 46.58M
Diluted Shares Outstanding 46.74M 47.03M 46.93M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $268.9M $312.1M $281.5M
YoY Change -23.57% -16.56% 18.27%
Cash & Equivalents $268.9M $312.1M $281.5M
Short-Term Investments
Other Short-Term Assets $101.1M $80.85M $72.04M
YoY Change 149.28% 119.46% 94.19%
Inventory
Prepaid Expenses
Receivables $43.43M $44.57M $41.66M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $413.5M $437.5M $395.2M
YoY Change -5.19% -3.76% 24.95%
LONG-TERM ASSETS
Property, Plant & Equipment $503.8M $461.4M $456.4M
YoY Change 10.79% 5.82% 7.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.39M $17.16M $17.25M
YoY Change 21.98% 13.45% 25.01%
Total Long-Term Assets $607.2M $577.1M $574.6M
YoY Change 6.04% 3.76% 7.06%
TOTAL ASSETS
Total Short-Term Assets $413.5M $437.5M $395.2M
Total Long-Term Assets $607.2M $577.1M $574.6M
Total Assets $1.021B $1.015B $969.8M
YoY Change 1.18% 0.38% 13.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.40M $14.82M $13.81M
YoY Change 58.07% 1.52% 13.27%
Accrued Expenses $67.29M $52.32M $48.31M
YoY Change 17.01% 8.97% -2.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.14M $17.56M $17.37M
YoY Change 30.21% -9.14% -95.04%
Total Short-Term Liabilities $121.6M $96.88M $91.61M
YoY Change 22.84% 3.36% -78.33%
LONG-TERM LIABILITIES
Long-Term Debt $1.208B $1.180B $1.112B
YoY Change 7.59% 5.58% 82.53%
Other Long-Term Liabilities $83.73M $66.87M $63.14M
YoY Change 188.83% 245.66% 228.51%
Total Long-Term Liabilities $83.73M $66.87M $63.14M
YoY Change 188.83% 245.66% 228.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $121.6M $96.88M $91.61M
Total Long-Term Liabilities $83.73M $66.87M $63.14M
Total Liabilities $1.512B $1.455B $1.378B
YoY Change 10.76% 8.01% 18.77%
SHAREHOLDERS EQUITY
Retained Earnings -$1.031B -$980.7M -$950.0M
YoY Change 16.05% 13.44% 15.16%
Common Stock $568.1M $561.2M $554.6M
YoY Change 5.08% 5.27% 5.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$491.8M -$440.2M -$408.6M
YoY Change
Total Liabilities & Shareholders Equity $1.021B $1.015B $969.8M
YoY Change 1.18% 0.38% 13.69%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$8.007M $11.16M $1.137M
YoY Change -160.11% -547.81% -93.97%
Depreciation, Depletion And Amortization $22.90M $23.10M $22.70M
YoY Change 1.33% 4.52% 3.18%
Cash From Operating Activities $53.57M $34.40M $49.41M
YoY Change 12.97% -13.46% 4.89%
INVESTING ACTIVITIES
Capital Expenditures -$23.97M -$17.29M $18.12M
YoY Change 9.16% 0.16% 17.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$23.97M -$17.29M -$18.12M
YoY Change 9.16% 0.16% 17.33%
FINANCING ACTIVITIES
Cash Dividend Paid $42.30M $41.30M
YoY Change 14.46%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $571.0K
YoY Change -75.99%
Cash From Financing Activities -52.50M 23.48M -47.53M
YoY Change 20.18% -79.19% -70.96%
NET CHANGE
Cash From Operating Activities 53.57M 34.40M 49.41M
Cash From Investing Activities -23.97M -17.29M -18.12M
Cash From Financing Activities -52.50M 23.48M -47.53M
Net Change In Cash -22.90M 40.59M -16.85M
YoY Change 25.66% -70.0% -87.36%
FREE CASH FLOW
Cash From Operating Activities $53.57M $34.40M $49.41M
Capital Expenditures -$23.97M -$17.29M $18.12M
Free Cash Flow $77.54M $51.69M $31.29M
YoY Change 11.77% -9.34% -1.17%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2662000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
13590000
us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Operating Liabilities
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us-gaap Increase Decrease In Operating Liabilities
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3804000
ccoi Increase Decrease In Contract With Customer Refund Liability
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ccoi Increase Decrease In Contract With Customer Refund Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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86855000
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Finance Lease Principal Payments
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11099000
us-gaap Finance Lease Principal Payments
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11936000
us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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875000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21223000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
328624000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
371301000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
349847000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
373963000
us-gaap Fair Value Of Assets Acquired
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us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
23685000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
16218000
CY2022Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
51
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46227528
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47029446
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46229603
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47050911
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13998000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
12724000
CY2022Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
3400000
CY2021Q2 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
4800000
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6378000
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><i style="font-style:italic;">Use of estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates.</p>
us-gaap Excise And Sales Taxes
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us-gaap Excise And Sales Taxes
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9300000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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46229603
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
16862000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
36162000
CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6479000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8476000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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1776000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q2 us-gaap Dividends Common Stock Cash
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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13093000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Stock Issued During Period Value Stock Options Exercised
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334000
us-gaap Dividends Common Stock Cash
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83153000
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022Q2 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16307000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Dividends Common Stock Cash
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us-gaap Net Income Loss Available To Common Stockholders Basic
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16358000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1900000
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1800000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3100000
CY2022Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4900000
CY2021Q2 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4600000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9700000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9200000
CY2022Q2 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P22Y
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1673000
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5116000
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4685000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10197000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
9911000
CY2022Q2 us-gaap Operating Lease Cost
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4628000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4671000
us-gaap Operating Lease Cost
OperatingLeaseCost
9401000
us-gaap Operating Lease Cost
OperatingLeaseCost
9088000
CY2022Q2 us-gaap Lease Cost
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16744000
CY2021Q2 us-gaap Lease Cost
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15734000
us-gaap Lease Cost
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33596000
us-gaap Lease Cost
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31723000
us-gaap Operating Lease Payments
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11083000
us-gaap Operating Lease Payments
OperatingLeasePayments
10111000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
9543000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10104000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11099000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11936000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
23685000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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16218000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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9429000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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12531000
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P12Y8M12D
CY2021Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P12Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P18Y1M6D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y4M24D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2021Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.098
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q2 ccoi Finance Lease Liability Payments Due Additional
FinanceLeaseLiabilityPaymentsDueAdditional
172500000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
18071000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
37002000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
18078000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
36498000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1187000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
971000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
14332000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
29062000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
400000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1600000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
12551000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
29013000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
107376000
CY2022Q2 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
259294000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
187270000
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
427031000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
64363000
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
172817000
CY2022Q2 us-gaap Operating Lease Liability
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122907000
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
254214000
CY2022Q2 us-gaap Operating Lease Liability Current
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CY2022Q2 us-gaap Finance Lease Liability Current
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17562000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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110735000
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
236652000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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1059000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
818000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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1717000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1457000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1510000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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2005000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1798000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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1717000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1921000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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3199000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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3447000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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1673000
CY2022Q2 us-gaap Provision For Doubtful Accounts
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700000
us-gaap Provision For Doubtful Accounts
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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400000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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1000000.0
CY2021Q2 us-gaap Provision For Doubtful Accounts
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800000
us-gaap Provision For Doubtful Accounts
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1600000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
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23100000
CY2021Q2 us-gaap Depreciation Depletion And Amortization
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22100000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45800000
us-gaap Depreciation Depletion And Amortization
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44100000
CY2022Q2 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
3100000
CY2021Q2 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
4200000
ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
6300000
ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
7400000
CY2022Q2 us-gaap Debt Instrument Face Amount
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350000000.0
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
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0.04375
us-gaap Foreign Currency Transaction Gain Before Tax
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31600000
us-gaap Foreign Currency Transaction Gain Before Tax
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13600000
CY2022Q2 us-gaap Debt Instrument Redemption Price Percentage
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1.01094
CY2021Q1 us-gaap Debt Instrument Redemption Price Percentage
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CY2022Q2 ccoi Ratio Of Additional Indebtedness To Net Capital
RatioOfAdditionalIndebtednessToNetCapital
4.0
CY2022Q2 ccoi Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
2.0
ccoi Debt Instrument Covenant Permitted Investments And Payments
DebtInstrumentCovenantPermittedInvestmentsAndPayments
286500000
CY2022Q2 us-gaap Margin Deposit Assets
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37800000
CY2022Q2 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
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3700000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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22984000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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828000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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26335000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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29330000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19718000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21396000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24131000
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
30400000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022Q3 us-gaap Payments Of Dividends
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42300000
us-gaap Number Of Operating Segments
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1
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
148450000
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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147879000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
297622000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
294656000
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
461390000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
457892000

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