$CCOI
COGENT COMMUNICATIONS HOLDINGS, INC.

2022 Q4 Form 10-Q Financial Statement

#000110465922114768 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $152.0M $150.0M $147.9M
YoY Change 3.24% 1.4% 3.95%
Cost Of Revenue $56.97M $57.22M $56.65M
YoY Change 0.98% 1.02% 3.9%
Gross Profit $95.01M $92.78M $91.28M
YoY Change 4.64% 1.64% 3.99%
Gross Profit Margin 62.51% 61.85% 61.71%
Selling, General & Admin $43.89M $39.11M $40.12M
YoY Change 11.32% -2.5% 0.99%
% of Gross Profit 46.2% 42.16% 43.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.56M $22.90M $22.60M
YoY Change 4.42% 1.33% 4.63%
% of Gross Profit 24.8% 24.68% 24.76%
Operating Expenses $67.46M $39.11M $40.12M
YoY Change 8.81% -2.5% 0.99%
Operating Profit $27.55M $28.10M $28.56M
YoY Change -4.34% -1.61% 9.68%
Interest Expense -$15.50M $17.95M $17.35M
YoY Change 42.03% 3.45% 10.08%
% of Operating Profit -56.26% 63.88% 60.75%
Other Income/Expense, Net -$262.0K $648.0K
YoY Change -140.43%
Pretax Income $12.02M -$7.038M $22.02M
YoY Change -52.43% -131.96% -435.99%
Income Tax $11.17M $969.0K $8.704M
% Of Pretax Income 92.91% 39.52%
Net Earnings $852.0K -$8.007M $13.32M
YoY Change -95.4% -160.11% -366.4%
Net Earnings / Revenue 0.56% -5.34% 9.0%
Basic Earnings Per Share -$0.17 $0.29
Diluted Earnings Per Share $0.02 -$0.17 $0.28
COMMON SHARES
Basic Shares Outstanding 48.01M 48.01M 46.29M
Diluted Shares Outstanding 46.74M 46.87M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.8M $268.9M $351.9M
YoY Change -29.98% -23.57% -10.53%
Cash & Equivalents $223.8M $268.9M $351.9M
Short-Term Investments
Other Short-Term Assets $98.01M $101.1M $40.57M
YoY Change 104.05% 149.28% 1.42%
Inventory
Prepaid Expenses
Receivables $44.12M $43.43M $43.67M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $365.9M $413.5M $436.1M
YoY Change -10.66% -5.19% -8.25%
LONG-TERM ASSETS
Property, Plant & Equipment $544.4M $503.8M $454.7M
YoY Change 18.9% 10.79% -11.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.24M $17.39M $14.26M
YoY Change 18.33% 21.98% 2.55%
Total Long-Term Assets $644.3M $607.2M $572.6M
YoY Change 12.05% 6.04% 8.96%
TOTAL ASSETS
Total Short-Term Assets $365.9M $413.5M $436.1M
Total Long-Term Assets $644.3M $607.2M $572.6M
Total Assets $1.010B $1.021B $1.009B
YoY Change 2.6% 1.18% 0.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.21M $18.40M $11.64M
YoY Change 128.2% 58.07% -2.87%
Accrued Expenses $63.89M $67.29M $57.51M
YoY Change 63.58% 17.01% 20.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.18M $24.14M $18.54M
YoY Change -3.65% 30.21% -21.13%
Total Short-Term Liabilities $120.3M $121.6M $99.00M
YoY Change 48.48% 22.84% 3.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.231B $1.208B $1.122B
YoY Change 9.91% 7.59% 7.1%
Other Long-Term Liabilities $82.64M $83.73M $28.99M
YoY Change 85.25% 188.83% 72.55%
Total Long-Term Liabilities $82.64M $83.73M $28.99M
YoY Change 85.25% 188.83% 72.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $120.3M $121.6M $99.00M
Total Long-Term Liabilities $82.64M $83.73M $28.99M
Total Liabilities $1.529B $1.512B $1.366B
YoY Change 12.61% 10.76% 8.24%
SHAREHOLDERS EQUITY
Retained Earnings -$1.075B -$1.031B -$888.8M
YoY Change 18.1% 16.05% 15.93%
Common Stock $575.1M $568.1M $540.6M
YoY Change 4.99% 5.08% 5.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$518.6M -$491.8M -$356.8M
YoY Change
Total Liabilities & Shareholders Equity $1.010B $1.021B $1.009B
YoY Change 2.6% 1.18% 0.78%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $852.0K -$8.007M $13.32M
YoY Change -95.4% -160.11% -366.4%
Depreciation, Depletion And Amortization $23.56M $22.90M $22.60M
YoY Change 4.42% 1.33% 4.63%
Cash From Operating Activities $36.32M $53.57M $47.42M
YoY Change 0.94% 12.97% 44.13%
INVESTING ACTIVITIES
Capital Expenditures $19.59M -$23.97M -$21.96M
YoY Change -228.08% 9.16% 65.11%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$19.59M -$23.97M -$21.96M
YoY Change 28.08% 9.16% 65.11%
FINANCING ACTIVITIES
Cash Dividend Paid $42.80M $42.30M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.30M -52.50M -43.68M
YoY Change 47.61% 20.18% -2.72%
NET CHANGE
Cash From Operating Activities 36.32M 53.57M 47.42M
Cash From Investing Activities -19.59M -23.97M -21.96M
Cash From Financing Activities -68.30M -52.50M -43.68M
Net Change In Cash -51.57M -22.90M -18.22M
YoY Change 101.58% 25.66% -27.98%
FREE CASH FLOW
Cash From Operating Activities $36.32M $53.57M $47.42M
Capital Expenditures $19.59M -$23.97M -$21.96M
Free Cash Flow $16.73M $77.54M $69.38M
YoY Change -67.37% 11.77% 50.17%

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AmortizationOfDebtDiscountPremium
1333000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18174000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20769000
ccoi Loss On Debt Extinguishment And Redemption2024 Euro Notes
LossOnDebtExtinguishmentAndRedemption2024EuroNotes
11885000
ccoi Loss On Debt Extinguishment And Redemption2022 Notes
LossOnDebtExtinguishmentAndRedemption2022Notes
14698000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
31561000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
23759000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-3531000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
347000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4682000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11922000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3103000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
159000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9404000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1734000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-45703000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3076000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
23144000
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
8676000
ccoi Increase Decrease In Contract With Customer Refund Liability
IncreaseDecreaseInContractWithCustomerRefundLiability
236000
ccoi Increase Decrease In Contract With Customer Refund Liability
IncreaseDecreaseInContractWithCustomerRefundLiability
-23000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137384000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134273000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59380000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54620000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59380000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-54620000
us-gaap Payments Of Dividends
PaymentsOfDividends
125882000
us-gaap Payments Of Dividends
PaymentsOfDividends
110736000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
790000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5845000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
20958000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16826000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
426000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1237000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-76548000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-94554000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-6416000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1445000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4960000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16346000
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
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
323664000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
354955000
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1969000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
74633000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
38411000
CY2022Q3 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
51
us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6812000
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-7752000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46736742
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46866929
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
92000
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42729000
CY2022Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
4100000
CY2021Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
4800000
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
11300000
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
14200000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46736742
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46293524
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46759632
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46290452
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47097580
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46825948
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-440181000
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
7188000
CY2021Q3 us-gaap Lease Cost
LeaseCost
16396000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8007000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-491765000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-336141000
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7164000
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3818000
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
362000
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
37654000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13320000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-356767000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-373098000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19905000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-17410000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
426000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
125882000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4294000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-491765000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-293166000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23471000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-7252000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1237000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
110736000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29678000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
-356767000
CY2022Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1800000
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1900000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4400000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4100000
CY2022Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4900000
CY2021Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4600000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
14500000
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
13800000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
6847000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
21186000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
19571000
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5382000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4977000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
15579000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14888000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4547000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4572000
us-gaap Operating Lease Cost
OperatingLeaseCost
13948000
us-gaap Operating Lease Cost
OperatingLeaseCost
13660000
CY2022Q3 us-gaap Lease Cost
LeaseCost
17117000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
16738000
us-gaap Lease Cost
LeaseCost
50713000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
39425000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
14918000
us-gaap Lease Cost
LeaseCost
48119000
us-gaap Operating Lease Payments
OperatingLeasePayments
13478000
us-gaap Operating Lease Payments
OperatingLeasePayments
12694000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14165000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
14077000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
20958000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16826000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
74633000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
38411000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10498000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15732000
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y1M6D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P12Y7M6D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P17Y9M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P19Y2M12D
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.086
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.093
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q3 ccoi Finance Lease Liability Payments Due Additional
FinanceLeaseLiabilityPaymentsDueAdditional
120600000
CY2022Q3 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P22Y
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
17167000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
45540000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
36159000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
12821000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
31383000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
11179000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
31608000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
96176000
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
305053000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
168999000
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
489168000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
57777000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
201283000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1500000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
111222000
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
287885000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
500000
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11784000
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
24135000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99438000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
263750000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1717000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1054000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
805000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1966000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1673000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1340000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1600000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1413000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1510000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3059000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2603000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1966000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1921000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
4539000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5047000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1413000
CY2022Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
500000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1500000
CY2021Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000000.0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2600000
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
300000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
1900000
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22900000
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22600000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
68700000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
66700000
CY2022Q3 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
3000000.0
CY2021Q3 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
3100000
ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
9300000
ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
10400000
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
31600000
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
23800000
CY2022Q2 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.01094
CY2021Q1 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.032
CY2022Q3 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
6.0
CY2022Q3 ccoi Ratio Of Additional Indebtedness To Net Capital
RatioOfAdditionalIndebtednessToNetCapital
4.0
CY2022Q3 ccoi Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
2.0
ccoi Debt Instrument Covenant Permitted Investments And Payments
DebtInstrumentCovenantPermittedInvestmentsAndPayments
207400000
CY2022Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
54700000
CY2022Q3 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
3800000
CY2022Q3 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
400000
CY2022Q3 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
400000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3382000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
24849000
CY2022Q3 us-gaap Noncurrent Assets
NoncurrentAssets
503771000
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
457892000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
22953000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
54179000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-3656000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2825000
us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-8596000
us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-8024000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7038000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
22024000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14357000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46155000
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
30400000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.915
CY2022Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
42800000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
150000000
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
147927000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
447625000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
442584000

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ccoi-20220930.xsd Edgar Link pending
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ccoi-20220930_cal.xml Edgar Link unprocessable
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