Cogent communications holdings, inc. (CCOI)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets:
Cash and cash equivalents

375,116

399,422

396,271

409,279

259,138

276,093

284,558

224,282

236,026

247,011

250,765

256,492

263,196

274,319

148,151

154,967

196,050

203,591

207,290

224,494

260,050

287,790

311,779

349,835

263,747

304,866

304,775

237,335

234,960

247,285

232,064

237,227

232,294

238,207

224,051

227,246

56,283

Accounts receivable, net of allowance for credit losses of $1,976 and $1,771, respectively

42,964

40,484

41,292

40,684

39,258

41,709

40,993

39,482

38,015

39,096

39,118

34,754

33,698

33,598

33,487

32,379

31,528

30,718

30,991

30,972

29,761

33,089

31,770

33,505

33,126

30,628

28,703

27,179

26,831

23,990

27,980

25,652

24,915

25,029

24,774

26,352

23,702

Prepaid expenses and other current assets

38,482

35,822

36,810

36,030

35,454

32,535

32,956

32,972

33,508

20,011

20,427

21,906

20,944

19,706

20,642

20,701

19,815

17,030

21,755

21,061

22,158

14,758

20,705

22,481

23,781

18,777

12,843

14,428

12,411

9,978

11,025

11,852

12,318

10,051

9,863

11,135

8,654

Total current assets

456,562

475,728

474,373

485,993

333,850

350,337

358,507

296,736

307,549

306,118

310,310

313,152

317,838

327,623

202,280

208,047

247,393

251,339

260,036

276,527

311,969

335,637

364,254

405,821

320,654

354,271

346,321

278,942

274,202

281,253

271,069

274,731

269,527

273,287

258,688

264,733

88,639

Property and equipment:
Property and equipment, net

367,682

368,929

-

-

-

1,300,503

-

-

-

1,233,756

-

-

-

1,136,470

-

-

-

1,070,111

-

-

-

1,047,590

-

-

-

985,084

-

-

-

889,229

-

-

-

836,047

-

-

759,901

Accumulated depreciation and amortization

-

-

-

-

-

925,178

-

-

-

852,474

-

-

-

774,829

-

-

-

709,975

-

-

-

686,829

-

-

-

643,891

-

-

-

578,054

-

-

-

528,069

-

-

479,446

Total property and equipment, net

-

-

370,825

375,936

375,346

375,325

381,004

382,730

385,770

381,282

381,010

376,867

368,938

361,641

370,749

370,573

366,482

360,136

357,163

347,550

343,429

360,761

357,699

353,663

346,185

341,193

331,763

328,702

328,080

311,175

306,635

304,823

311,122

307,978

308,941

312,149

280,455

Right-of-use leased assets

75,724

73,460

72,591

72,255

73,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

275

335

613

-

159

2,733

6,326

9,038

11,241

17,616

32,668

35,661

38,914

42,241

36,716

39,548

42,858

45,142

45,037

47,448

48,085

52,967

49,175

50,122

49,710

50,861

-

-

-

5,546

-

-

-

-

-

-

-

Deposits and other assets

13,382

13,672

13,942

14,881

14,343

11,455

11,482

11,725

11,893

5,572

5,872

6,759

6,985

6,387

7,877

8,210

8,363

6,199

10,670

10,863

10,563

5,549

13,333

13,181

8,698

8,776

14,169

13,728

13,955

8,557

15,181

15,663

16,640

16,386

10,475

11,014

7,009

Total assets

913,625

932,124

932,344

949,065

797,003

739,850

757,319

700,229

716,453

710,588

729,860

732,439

732,675

737,892

617,622

626,378

665,096

662,816

672,906

682,388

714,046

754,914

784,461

822,787

725,247

755,101

692,253

621,372

616,237

606,531

592,885

595,217

597,289

597,651

578,104

587,896

376,103

Liabilities and stockholders' equity
Current liabilities:
Accounts payable

13,102

11,075

9,849

11,570

9,619

8,519

8,262

10,330

12,964

11,592

12,314

9,284

12,286

11,551

13,019

16,293

19,025

12,401

15,350

15,489

16,752

13,287

16,303

16,969

16,441

14,098

12,176

15,979

16,665

14,734

13,880

11,287

15,316

14,199

9,971

10,938

15,979

Accrued and other current liabilities

49,239

51,301

49,115

51,615

45,564

51,431

46,728

47,447

46,198

47,947

47,449

49,412

45,146

47,149

41,790

43,502

40,896

38,355

45,616

40,913

38,214

32,151

31,257

34,754

27,221

31,465

23,935

27,552

24,346

26,519

20,807

25,468

20,480

21,944

19,215

23,966

19,538

Installment payment agreement, current portion, net of discount of $313 and $350, respectively

9,122

9,063

9,078

8,693

8,686

8,283

8,617

8,746

8,309

7,816

7,090

6,004

4,602

2,587

1,028

-

13,406

11,901

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities, operating lease liabilities

10,409

10,101

10,299

10,639

10,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities, finance lease obligations

8,268

8,154

7,884

7,700

7,293

7,074

8,665

8,428

7,003

7,171

6,698

7,635

7,215

6,626

6,122

6,086

5,584

6,247

7,670

8,187

13,286

14,594

8,980

8,341

8,121

9,252

8,572

7,014

6,701

10,487

7,415

9,218

9,741

11,700

9,914

8,204

6,143

Convertible senior notes - current portion, net of discount of $3,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,564

88,879

87,228

85,613

-

-

-

-

-

-

-

-

-

Total current liabilities

90,140

89,694

86,225

90,217

81,551

75,307

72,272

74,951

74,474

74,526

73,551

72,335

69,249

67,913

61,959

65,881

78,911

68,904

68,636

64,589

68,252

60,032

56,540

60,064

142,347

143,694

131,911

136,158

47,712

51,740

42,102

45,973

45,537

47,843

39,100

43,108

41,660

Operating lease liabilities, net of current maturities

88,335

86,690

85,331

83,456

84,645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations, net of current maturities

159,678

161,635

160,178

160,487

157,541

156,706

152,954

151,439

150,939

150,333

147,623

142,155

137,917

135,335

134,229

129,933

131,371

129,763

123,207

120,485

118,684

151,944

153,495

155,899

154,233

152,527

148,822

144,848

143,195

127,461

123,919

122,350

123,357

122,996

124,089

127,444

105,562

Convertible senior notes, net of discount of $9,494

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84,031

82,484

80,968

79,485

78,032

76,612

75,220

73,858

71,220

Other long term liabilities

17,815

15,327

13,014

7,588

5,795

25,380

26,717

27,350

27,196

27,596

28,351

28,909

29,062

28,043

26,519

24,728

27,576

30,977

29,961

25,125

22,858

21,775

21,227

21,367

20,536

19,965

10,775

10,828

10,438

10,067

9,913

11,260

10,376

11,199

6,056

6,232

5,860

Total liabilities

1,135,850

1,135,803

1,122,845

1,125,655

961,234

888,852

883,163

814,865

813,508

813,132

809,983

803,640

796,287

791,146

658,108

655,767

683,478

675,087

671,804

660,199

659,794

671,120

675,797

682,165

562,247

561,609

537,218

466,834

460,376

446,752

431,902

434,068

432,302

433,650

419,465

425,642

224,302

Commitments and contingencies:

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Common stock, $0.001 par value; 75,000,000 shares authorized; 47,139,369 and 46,840,434 shares issued and outstanding, respectively

47

47

47

47

46

46

46

46

46

46

46

46

45

45

45

45

45

45

45

46

46

46

46

46

47

47

47

47

47

47

47

47

46

46

46

46

46

Additional paid-in capital

499,455

493,178

487,396

481,734

475,275

471,331

472,817

467,007

461,154

456,696

452,369

447,852

445,976

442,799

442,125

440,200

436,793

434,161

431,223

440,401

456,016

460,576

467,846

480,794

496,453

508,256

505,787

503,241

500,352

497,349

494,458

491,494

490,474

489,021

486,945

487,523

482,737

Accumulated other comprehensive income

-15,819

-12,326

-15,676

-10,967

-12,753

-10,928

-8,672

-8,187

-1,989

-4,600

-5,912

-9,702

-15,865

-17,193

-11,898

-12,586

-10,619

-14,693

-11,947

-12,175

-13,858

-6,462

-3,404

1,630

1,674

2,136

1,541

-800

-1,126

667

-526

-2,027

1,041

-582

1,556

4,874

1,044

Accumulated deficit

-705,908

-684,578

-662,268

-647,404

-626,799

-609,451

-590,035

-573,502

-556,266

-554,686

-526,626

-509,397

-493,768

-478,905

-470,758

-457,048

-444,601

-431,784

-418,219

-406,083

-387,952

-370,366

-355,824

-341,848

-335,174

-316,947

-352,340

-347,950

-343,412

-338,284

-332,996

-328,365

-326,574

-324,484

-329,908

-330,189

-332,026

Total stockholders' deficit

-222,225

-203,679

-190,501

-176,590

-164,231

-149,002

-125,844

-114,636

-97,055

-102,544

-80,123

-71,201

-63,612

-53,254

-40,486

-29,389

-18,382

-12,271

1,102

22,189

54,252

83,794

108,664

140,622

163,000

193,492

155,035

154,538

155,861

159,779

160,983

161,149

164,987

164,001

158,639

162,254

151,801

Total liabilities and stockholders' deficit

913,625

932,124

932,344

949,065

797,003

739,850

757,319

700,229

716,453

710,588

729,860

732,439

732,675

737,892

617,622

626,378

665,096

662,816

672,906

682,388

714,046

754,914

784,461

822,787

725,247

755,101

692,253

621,372

616,237

606,531

592,885

595,217

597,289

597,651

578,104

587,896

376,103

Senior unsecured 2024 notes
Senior unsecured notes

147,166

150,001

145,896

151,957

187,900

-

187,600

187,453

187,308

187,165

187,025

186,886

186,780

186,650

186,522

186,390

196,829

196,695

200,000

200,000

200,000

196,180

200,000

200,000

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior unsecured 2021 notes
Senior unsecured notes

188,529

188,368

188,210

188,054

-

187,749

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured 2022 notes
Senior secured notes

444,187

444,088

443,991

443,896

443,802

443,710

443,620

373,672

373,591

373,512

373,433

373,355

373,279

373,205

248,879

248,835

248,791

248,748

250,000

250,000

250,000

-

244,535

244,835

245,131

245,423

245,710

175,000

175,000

175,000

175,000

175,000

175,000

175,000

175,000

175,000

-