$CCOI
COGENT COMMUNICATIONS HOLDINGS, INC.

2024 Q2 Form 10-Q Financial Statement

#000141057824000677 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $260.4M $266.2M
YoY Change 8.61% 73.3%
Cost Of Revenue $156.2M $168.9M
YoY Change 13.57% 188.09%
Gross Profit $104.3M $97.24M
YoY Change 1.93% 2.41%
Gross Profit Margin 40.04% 36.53%
Selling, General & Admin $68.35M $76.70M
YoY Change -18.3% 70.14%
% of Gross Profit 65.54% 78.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $74.04M $70.89M
YoY Change 40.99% 181.31%
% of Gross Profit 71.0% 72.91%
Operating Expenses $68.35M $76.70M
YoY Change -18.3% 70.14%
Operating Profit -$47.14M -$59.39M
YoY Change 36.24% -344.28%
Interest Expense -$20.72M $23.01M
YoY Change -172.32% 21.07%
% of Operating Profit
Other Income/Expense, Net $2.484M $2.737M
YoY Change 1142.0% -21.76%
Pretax Income -$40.19M -$84.43M
YoY Change -103.66% -892.66%
Income Tax -$7.853M -$19.13M
% Of Pretax Income
Net Earnings -$32.34M -$65.31M
YoY Change -102.88% -1162.25%
Net Earnings / Revenue -12.42% -24.54%
Basic Earnings Per Share -$0.68 -$1.38
Diluted Earnings Per Share -$0.68 -$1.38
COMMON SHARES
Basic Shares Outstanding 49.02M 47.43M
Diluted Shares Outstanding 47.51M 47.42M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $384.4M $118.4M
YoY Change 99.84% -35.68%
Cash & Equivalents $384.4M $118.4M
Short-Term Investments
Other Short-Term Assets $109.5M $124.5M
YoY Change -17.93% 25.18%
Inventory
Prepaid Expenses
Receivables $111.7M $107.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $689.5M $473.2M
YoY Change -3.33% 43.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.581B $1.561B
YoY Change -1.67% 172.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.46M $26.33M
YoY Change 19.33% 45.05%
Total Long-Term Assets $2.655B $2.672B
YoY Change 8.38% 299.07%
TOTAL ASSETS
Total Short-Term Assets $689.5M $473.2M
Total Long-Term Assets $2.655B $2.672B
Total Assets $3.344B $3.145B
YoY Change 5.74% 215.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.51M $45.93M
YoY Change 27.19% 148.27%
Accrued Expenses $189.1M $187.5M
YoY Change 60.81% 144.23%
Deferred Revenue
YoY Change
Short-Term Debt $2.286M $10.80M
YoY Change -98.13%
Long-Term Debt Due $21.25M $64.04M
YoY Change 5.66% 223.74%
Total Short-Term Liabilities $313.0M $420.6M
YoY Change -24.74% 230.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.842B $1.399B
YoY Change 46.63% 12.38%
Other Long-Term Liabilities $58.13M $67.36M
YoY Change -18.32% -18.29%
Total Long-Term Liabilities $58.13M $67.36M
YoY Change -18.32% -18.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $313.0M $420.6M
Total Long-Term Liabilities $58.13M $67.36M
Total Liabilities $2.929B $2.645B
YoY Change 11.63% 70.97%
SHAREHOLDERS EQUITY
Retained Earnings -$174.3M -$94.52M
YoY Change 400.91% -91.51%
Common Stock $611.0M $614.6M
YoY Change 3.62% 5.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $415.5M $500.6M
YoY Change
Total Liabilities & Shareholders Equity $3.344B $3.145B
YoY Change 5.74% 215.04%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$32.34M -$65.31M
YoY Change -102.88% -1162.25%
Depreciation, Depletion And Amortization $74.04M $70.89M
YoY Change 40.99% 181.31%
Cash From Operating Activities -$22.17M $19.22M
YoY Change -126.82% -46.35%
INVESTING ACTIVITIES
Capital Expenditures $48.77M $40.88M
YoY Change 30.22% 76.19%
Acquisitions
YoY Change
Other Investing Activities $74.66M $91.83M
YoY Change 393.33%
Cash From Investing Activities $25.89M $50.95M
YoY Change -216.01% -319.58%
FINANCING ACTIVITIES
Cash Dividend Paid $478.0K
YoY Change -98.95%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 255.6M -23.55M
YoY Change -587.18% -56.88%
NET CHANGE
Cash From Operating Activities -22.17M 19.22M
Cash From Investing Activities 25.89M 50.95M
Cash From Financing Activities 255.6M -23.55M
Net Change In Cash 259.3M 49.49M
YoY Change 3193.29% -219.29%
FREE CASH FLOW
Cash From Operating Activities -$22.17M $19.22M
Capital Expenditures $48.77M $40.88M
Free Cash Flow -$70.94M -$21.66M
YoY Change -256.92% -271.7%

Facts In Submission

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DerivativeGainLossOnDerivativeNet
1847000
CY2024Q1 ccoi Increase Decrease In Business Combination Amount Due To Seller Under Ip Transit Services Agreement
IncreaseDecreaseInBusinessCombinationAmountDueToSellerUnderIpTransitServicesAgreement
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CY2024Q1 ccoi Increase Decrease In Due From Related Parties Current Transition Services
IncreaseDecreaseInDueFromRelatedPartiesCurrentTransitionServices
3052000
CY2024Q1 ccoi Increase Decrease In Unfavorable Lease Liabilities
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CY2024Q1 us-gaap Increase Decrease In Operating Liabilities
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75397000
CY2023Q1 us-gaap Increase Decrease In Operating Liabilities
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2923000
CY2024Q1 ccoi Increase Decrease In Contract With Customer Refund Liability
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CY2023Q1 ccoi Increase Decrease In Contract With Customer Refund Liability
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19219000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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35821000
CY2024Q1 ccoi Proceeds From Consideration Received Under Ip Transit Agreement Classified As Investing Activities
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87500000
CY2024Q1 ccoi Proceeds From Severance Cost Reimbursement Business Acquisition
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4334000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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40883000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Payments Of Dividends
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CY2023Q1 us-gaap Payments Of Dividends
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CY2024Q1 us-gaap Proceeds From Stock Options Exercised
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164000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
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FinanceLeasePrincipalPayments
23235000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23549000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-54616000
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2872000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
510000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
49493000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-41489000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113781000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
275912000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163274000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234423000
CY2023Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
171000
CY2024Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
54423000
CY2023Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
25871000
CY2024Q1 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
54
CY2023Q2 ccoi Business Combination Estimated Working Capital Payments Made To Seller
BusinessCombinationEstimatedWorkingCapitalPaymentsMadeToSeller
45531000
CY2023Q2 ccoi Business Combination Amount Due From Seller Under Purchase Agreement Net Of Discount Noncurrent
BusinessCombinationAmountDueFromSellerUnderPurchaseAgreementNetOfDiscountNoncurrent
19723000
CY2023Q2 ccoi Business Combination Amount Due From Seller Under Ip Transit Services Agreement Net Of Discount
BusinessCombinationAmountDueFromSellerUnderIpTransitServicesAgreementNetOfDiscount
620390000
CY2023Q2 ccoi Business Combination Amount To Be Received From Seller
BusinessCombinationAmountToBeReceivedFromSeller
640113000
CY2023Q2 ccoi Business Combination Total Net Consideration To Be Received From Seller
BusinessCombinationTotalNetConsiderationToBeReceivedFromSeller
594582000
CY2023Q2 ccoi Business Combination Estimated Payment Related To Acquired Short Term Lease Obligations
BusinessCombinationEstimatedPaymentRelatedToAcquiredShortTermLeaseObligations
157200000
CY2024Q1 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 US 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>
CY2024Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
20500000
CY2023Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
4200000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47416268
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47037091
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47416268
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47381226
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1602845
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1261342
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-518632000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7315000
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1788000
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
145000
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
45311000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6148000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-548547000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
609556000
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7616000
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5034000
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
164000
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
46351000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-65307000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
500644000
CY2024Q1 ccoi Revenue Recognition Billing Due Receipts Contract Lengths Maximum
RevenueRecognitionBillingDueReceiptsContractLengthsMaximum
P60M
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3085000
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1805000
CY2024Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4733000
CY2023Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
4823000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11564000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
8968000
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
10411000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6430000
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
24251000
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
4582000
CY2024Q1 us-gaap Lease Cost
LeaseCost
46226000
CY2023Q1 us-gaap Lease Cost
LeaseCost
19980000
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
10419000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5136000
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
24729000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
4957000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
23235000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9450000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
54423000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
25871000
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5151000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
363000
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M12D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y1M6D
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.077
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.088
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2024Q1 ccoi Finance Lease Liability Payments Due Additional
FinanceLeaseLiabilityPaymentsDueAdditional
267900000
CY2024Q1 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P20Y
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3677000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
2595000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
684000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5588000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2303000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1548000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1176000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
76442000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
102776000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
60457000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
95730000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
56365000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
81476000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
50945000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
43628000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
47567000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
41953000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
318997000
CY2024Q1 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
503234000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
610773000
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
868797000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
223322000
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
351281000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
387451000
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
517516000
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
66553000
CY2024Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
64043000
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
320898000
CY2024Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
453473000
CY2024Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
157200000
CY2024Q1 ccoi Amortization Of Off Market Lease Unfavorable
AmortizationOfOffMarketLeaseUnfavorable
2400000
CY2024Q1 ccoi Unfavorable Lease Liabilities Reduction To Depreciation Expense
UnfavorableLeaseLiabilitiesReductionToDepreciationExpense
8900000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2675000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2595000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1215000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
296000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
334000
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
70842000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
25153000
CY2024Q1 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
11697000
CY2023Q1 ccoi Property Plant And Equipment Compensation Costs Capitalized
PropertyPlantAndEquipmentCompensationCostsCapitalized
3678000
CY2024Q1 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
6.0
CY2024Q1 ccoi Ratio Of Additional Indebtedness To Net Capital
RatioOfAdditionalIndebtednessToNetCapital
4.0
CY2024Q1 ccoi Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
2.0
CY2024Q1 ccoi Debt Instrument Covenant Permitted Investments And Payments
DebtInstrumentCovenantPermittedInvestmentsAndPayments
460100000
CY2024Q1 us-gaap Loss Contingency Range Of Possible Loss Portion Not Accrued
LossContingencyRangeOfPossibleLossPortionNotAccrued
4100000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-79003000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
2978000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-5431000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7674000
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-84434000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10652000
CY2024Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
30400000
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.965
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
266168000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
153588000
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
2136884000
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2122738000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
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false

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