Cogent Communications Holdings was founded in 1999 and is headquartered in Washington, US

Cogent Communications Holdings has offices in Washington, Luxembourg, Budapest, Stockholm and in 6 other locations

Washington, US (HQ)

2450 N St NW

Toronto, CA

211 Yonge St

Halfweg, NL

135 Haarlemmerstraatweg

London, GB

20 Mastmaker Rd

Frankfurt am Main, DE

15 Lyoner Str.

La Garenne-Colombes, FR

77 Boulevard de la République

Cogent Communications Holdings's revenue was reported to be $446.9 m in FY, 2016

USD

## Net income (Q1, 2017) | 4.1 m |

## EBIT (Q1, 2017) | 18.7 m |

## Market capitalization (17-Aug-2017) | 1.9 b |

## Cash (31-Mar-2017) | 263.2 m |

Cogent Communications Holdings's current market capitalization is $1.9 b.

- Source: SEC Filings

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 348 m | 380 m | 404.2 m | 446.9 m | |||

## Revenue growth, % | 9% | 6% | 11% | ||||

## General and administrative expense | 87.2 m | 107.7 m | 113.1 m | 120.7 m | |||

## Operating expense total | 301.8 m | 326.1 m | 358.1 m | 390 m | |||

## Depreciation and amortization | 56.5 m | 59.9 m | 62.5 m | 64.4 m | |||

## EBIT | 46.2 m | 53.9 m | 53 m | 64 m | |||

## EBIT margin, % | 13% | 14% | 13% | 14% | |||

## Interest expense | 16.7 m | 34.5 m | 36.3 m | 41.8 m | 49.9 m | 41.3 m | 40.8 m |

## Interest income | 2.6 m | 536 k | 956 k | 1 m | |||

## Pre tax profit | 7 m | 4.5 m | 12.7 m | 24.3 m | |||

## Income tax expense | (1.2 m) | (2 m) | 751 k | 49.7 m | 3.7 m | 7.8 m | 9.3 m |

## Net Income | 56.7 m | 797 k | 4.9 m | 14.9 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cost of goods sold | 47.9 m | ||||||||

## EBIT | 14.3 m | 13.6 m | 10.5 m | 10.8 m | 15.5 m | 15.7 m | 17.5 m | 16.1 m | 18.7 m |

## Pre tax profit | 787 k | 1.1 m | (723 k) | 1.5 m | 5.6 m | 5.7 m | 7.6 m | 6.4 m | 7.6 m |

## Net Income | 1.2 m | (184 k) | (1.6 m) | 840 k | 3.2 m | 3.4 m | 4.2 m | 3.5 m | 4.1 m |

- Source: SEC Filings

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 55.9 m | 56.3 m | 238.2 m | 247.3 m | 304.9 m | 287.8 m | 203.6 m | 274.3 m |

## Accounts Receivable | 191.4 k | |||||||

## Inventories | 18.8 m | 18.8 m | 17 m | 19.7 m | ||||

## Current Assets | 354.3 m | 339.6 m | 251.3 m | 327.6 m | ||||

## Total Assets | 755.1 m | 761.8 m | 662.8 m | 737.9 m | ||||

## Accounts Payable | 14.1 m | 13.3 m | 12.4 m | 11.6 m | ||||

## Current Liabilities | 143.7 m | 60 m | 68.9 m | 67.9 m | ||||

## Total Liabilities | 791.1 m | |||||||

## Additional Paid-in Capital | 508.3 m | 460.6 m | 434.2 m | 442.8 m | ||||

## Retained Earnings | (316.9 m) | (370.4 m) | (431.8 m) | (478.9 m) | ||||

## Total Equity | 193.5 m | 83.8 m | (53.3 m) | |||||

## Financial Leverage | 3.9 x | 9.1 x | -13.9 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 349.8 m | 311.8 m | 260.1 m | 224.5 m | 207.3 m | 196.1 m | 155 m | 148.2 m | 263.2 m |

## Current Assets | 405.8 m | 364.3 m | 312 m | 276.5 m | 260 m | 247.4 m | 208 m | 202.3 m | 317.8 m |

## PP&E | 353.7 m | 357.7 m | 343.4 m | 347.6 m | 357.2 m | 366.5 m | 370.6 m | 370.7 m | 368.9 m |

## Total Assets | 822.8 m | 784.5 m | 714 m | 682.4 m | 672.9 m | 665.1 m | 626.4 m | 617.6 m | 732.7 m |

## Accounts Payable | 17 m | 16.3 m | 16.8 m | 15.5 m | 15.4 m | 19 m | 16.3 m | 13 m | 12.3 m |

## Current Liabilities | 60.1 m | 56.5 m | 68.3 m | 64.6 m | 68.6 m | 78.9 m | 65.9 m | 62 m | 69.2 m |

## Additional Paid-in Capital | 480.8 m | 467.8 m | 456 m | 440.4 m | 431.2 m | 436.8 m | 440.2 m | 442.1 m | 446 m |

## Retained Earnings | (341.8 m) | (355.8 m) | (388 m) | (406.1 m) | (418.2 m) | (444.6 m) | (457 m) | (470.8 m) | (493.8 m) |

## Total Equity | 140.6 m | 108.7 m | 54.3 m | 22.2 m | 1.1 m | (63.6 m) | |||

## Financial Leverage | 5.9 x | 7.2 x | 13.2 x | 30.8 x | 610.6 x | -11.5 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 56.7 m | 797 k | 4.9 m | 14.9 m |

## Depreciation and Amortization | 64.4 m | 69.5 m | 70.5 m | |

## Accounts Receivable | (6.3 m) | (3.9 m) | ||

## Inventories | (3.6 m) | (2.3 m) | 19.7 m | |

## Accounts Payable | 11.6 m | |||

## Cash From Operating Activities | 81.9 m | 73 m | (84.2 m) | |

## Purchases of PP&E | (49 m) | (60 m) | ||

## Cash From Investing Activities | (49 m) | (59.9 m) | ||

## Dividends Paid | (35.4 m) | (54.2 m) | ||

## Cash From Financing Activities | 24.6 m | (26.6 m) | ||

## Interest Paid | 34.5 m | 46.5 m | ||

## Income Taxes Paid | 822 k | 1.9 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 1.2 m | (184 k) | (1.6 m) | 840 k | 3.2 m | 3.4 m | 4.2 m | 3.5 m | 4.1 m |

## Depreciation and Amortization | 17.3 m | 17.4 m | 17.5 m | 17.4 m | 17.6 m | 17.8 m | 18.5 m | ||

## Accounts Payable | 17 m | 16.3 m | 16.8 m | 15.5 m | 15.4 m | 19 m | 16.3 m | 13 m | 12.3 m |

Y, 2017 | |
---|---|

## Financial Leverage | -11.5 x |

Source: 335 public H-1B filings from Cogent Communications Holdings