COGENT COMMUNICATIONS HOLDINGS, INC. CCOI Income Statement

Cogent communications holdings, inc. (CCOI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Service revenue
140,915	140,291	136,942	134,789	134,137	132,049	130,139	129,296	128,706	125,226	122,969	119,777	117,203	115,597	113,057	109,955	108,291	105,176	103,017	98,799	97,242	96,752	95,691	94,623	92,937	89,862	87,761	85,803	84,553	82,612	79,656	77,817	76,888	79,093	77,367	75,580	73,460	66,783	64,395
Operating expenses:
Network operations (including $252 and $180 of equity-based compensation expense, respectively, exclusive of depreciation and amortization shown separately below)
55,921	55,991	55,253	54,407	54,150	55,660	54,615	54,379	54,875	53,917	53,584	51,115	50,662	50,090	48,827	47,872	47,277	45,837	45,182	42,412	41,079	41,045	40,407	39,605	38,836	38,399	37,441	37,076	37,309	37,651	36,541	35,112	34,338	33,519	33,619	33,249	31,773	30,639	29,224
Selling, general, and administrative (including $4,823 and $3,254 of equity-based compensation expense, respectively)
39,675	36,516	35,971	38,566	35,860	33,218	33,409	33,704	33,523	31,751	32,915	31,788	31,461	31,307	30,050	29,820	29,532	27,183	27,318	28,925	29,677	27,902	27,353	26,139	26,285	22,832	21,719	21,226	21,465	19,668	19,473	19,401	21,343	19,536	18,984	18,926	19,538	17,659	18,091
Depreciation and amortization
19,500	19,921	20,000	19,979	20,300	20,884	20,300	20,216	19,800	19,318	19,147	18,897	18,538	20,074	18,804	18,604	17,753	18,009	17,634	17,371	17,513	17,545	17,431	17,301	17,204	16,560	16,024	15,900	15,874	16,126	15,610	15,503	15,239	15,137	15,188	14,734	14,791	14,736	14,099
Total operating expenses
115,104	112,506	111,230	112,952	110,273	109,832	108,300	108,299	108,186	105,012	105,646	101,800	100,661	101,471	97,681	96,296	94,562	91,029	90,134	88,708	88,269	86,492	85,191	83,045	82,325	77,791	75,184	74,202	74,648	73,445	71,624	70,016	70,920	68,192	67,791	66,909	66,102	63,034	61,414
Gains on equipment transactions
39	251	87	185	536	92	416	357	117	318	397	1,023	2,124	667	687	4,439	1,946	2,024	1,152	719	1,548	2,810	3,114	2,731	2,295	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on capital lease terminations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	1,484	0	10,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses on debt extinguishment and redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-587	-	0	0	0	-10,144	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,739	-	-	-
Operating income
25,850	28,036	25,799	22,022	24,400	22,311	22,255	21,354	20,637	20,532	17,720	19,000	18,666	14,793	16,063	17,511	15,675	16,220	15,519	10,810	10,487	13,070	13,614	14,309	12,907	12,071	12,577	11,601	9,905	9,167	8,032	7,801	5,968	10,901	9,576	8,671	7,358	3,749	2,981
Interest income and other, net
2,205	-2,057	8,347	1,753	1,827	2,060	1,937	189	1,694	166	1,632	1,015	854	346	207	335	133	392	50	417	97	-9	140	268	137	1,091	292	589	658	931	397	148	375	239	81	298	230	-24	383
Interest expense
15,220	15,211	15,191	13,595	13,456	13,508	12,767	12,373	12,408	12,220	12,266	12,090	11,891	10,604	9,891	10,243	10,065	10,279	10,002	9,692	11,307	12,190	12,662	13,790	11,303	11,144	10,568	10,216	9,869	9,323	9,015	8,988	8,993	8,838	8,953	9,135	7,585	4,100	4,148
Total
12,835	10,768	18,955	10,180	12,771	10,864	11,425	9,170	9,923	8,478	7,086	7,925	7,629	4,535	6,379	7,603	5,743	6,333	5,567	1,535	-723	871	1,092	787	1,741	2,018	2,301	1,974	694	775	-586	-1,039	-2,650	2,302	704	2,573	3	-375	-784
Income tax provision
3,608	3,302	5,254	3,044	3,554	3,764	3,194	2,618	3,139	14,705	3,436	3,608	3,493	643	2,920	3,379	2,389	3,853	2,406	695	862	1,223	1,276	-421	1,616	-50,581	179	367	333	1,051	-492	752	-560	-3,122	423	458	281	87	99
Net income
9,227	7,466	13,701	7,136	9,217	7,100	8,231	6,552	6,784	-6,227	3,650	4,317	4,136	3,892	3,459	4,224	3,354	2,480	3,161	840	-1,585	-352	-184	1,208	125	52,599	2,122	1,607	361	-276	-94	-1,791	-2,090	5,424	281	2,115	-278	-462	-883
Comprehensive income:
Net income
9,227	7,466	13,701	7,136	9,217	7,100	8,231	6,552	6,784	-6,227	3,650	4,317	4,136	3,892	3,459	4,224	3,354	2,480	3,161	840	-1,585	-352	-184	1,208	125	52,599	2,122	1,607	361	-276	-94	-1,791	-2,090	5,424	281	2,115	-278	-462	-
Foreign currency translation adjustment
-3,493	3,350	-4,709	1,786	-1,825	-2,256	-485	-6,198	2,611	1,312	3,790	6,163	1,328	-5,295	688	-1,967	4,074	-2,746	228	1,683	-7,396	-3,058	-5,034	-44	-462	595	2,341	326	-1,793	1,193	1,501	-3,068	1,623	-	-	-	-	-	-
Comprehensive income
5,734	10,816	8,992	8,922	7,392	4,844	7,746	354	9,395	-4,915	7,440	10,480	5,464	-1,403	4,147	2,257	7,428	-266	3,389	2,523	-8,981	-3,410	-5,218	1,164	-337	53,194	4,463	1,933	-1,432	917	1,407	-4,859	-467	3,286	-3,037	2,960	2,707	-	-
Net income per common share:
Basic net income per common share (in dollars per share)
-	-	0.30	0.16	-	0.16	0.18	0.15	0.15	-	-	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02
Diluted net income per common share (in dollars per share)
-	-	0.30	0.16	-	0.16	0.18	0.14	-	-	-	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02
Basic and diluted net income per common share
0.20	-	-	-	0.20	-	-	-	-	-	0.08	-	0.09	-	0.08	0.09	0.08	-	0.07	0.02	-0.04	-	0.00	0.03	0.00	-	0.05	0.03	0.01	-	0.00	-0.04	-0.05	-	0.01	0.05	-0.01	-0.01	-
Dividends declared per common share (in dollars per share)
0.66	0.64	0.62	0.60	0.58	0.56	0.54	0.52	0.50	0.48	0.46	0.44	0.42	0.40	0.38	0.37	0.36	0.35	0.34	0.42	0.35	0.31	0.30	0.17	0.39	0.37	0.14	0.13	0.12	-	0.10	-	-	-	-	-	-	-	-
Weighted-average common shares - basic (in shares)
45,658	46,153	45,438	45,354	45,223	45,284	45,105	45,016	44,923	45,286	44,767	44,717	44,649	45,098	44,574	44,491	44,402	45,147	44,474	44,774	45,158	45,906	45,629	45,897	46,409	47,397	46,171	46,040	45,537	46,126	45,377	45,313	45,241	45,887	45,080	45,021	44,731	44,585	44,525
Weighted-average common shares - diluted (in shares)
46,391	46,745	46,019	45,912	45,644	45,803	45,699	45,536	45,294	45,712	45,118	44,988	44,917	45,324	44,816	44,757	44,593	45,723	44,702	45,054	45,158	46,567	45,629	46,294	46,907	47,959	46,823	46,769	46,435	46,126	45,377	45,313	45,241	46,975	45,559	45,548	44,731	44,585	44,525