Cogent Communications Holdings, Inc. (CCOI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 14.83M | -5.99M | 3.1M | -44.04M | 36.35M | 14.53M | -20.23M | -22.17M | 19.22M | -48.7M | -52.43M | 82.65M | 35.82M | 36.32M | 53.57M | 34.4M | 49.41M | 35.98M | 47.42M | 39.75M |
| Operating CF Margin % | 6.2% | -2.49% | 1.39% | -17.88% | 14.71% | 5.76% | -7.86% | -8.51% | 7.22% | -17.9% | -19.04% | 36.12% | 23.32% | 23.9% | 35.71% | 23.17% | 33.12% | 24.44% | 32.05% | 26.88% |
| Operating CF Growth % | -59.19% | -141.23% | 115.33% | -98.64% | 89.14% | 129.84% | 61.42% | -126.82% | -46.35% | -234.07% | -197.88% | 140.25% | -27.5% | 0.94% | 12.97% | -13.45% | 4.89% | -4.22% | 43.78% | -3.78% |
| Net Income | -39.54M | -30.78M | -41.54M | -57.81M | -52.04M | -43.32M | -63.11M | -32.34M | -65.31M | 200.15M | -56.72M | 1.12B | 6.15M | 852K | -8.01M | 11.16M | 1.14M | 18.51M | 13.32M | -2.49M |
| Depreciation & Amortization | 54.05M | 58.42M | 60.43M | 75.29M | 76.04M | 67.27M | 85.82M | 74.04M | 70.89M | 67.81M | 86.73M | 52.51M | 25.16M | 23.56M | 22.9M | 23.49M | 22.69M | 22.57M | 22.61M | 22.09M |
| Stock-Based Compensation | 0 | 4.81M | 8.93M | 4.66M | 8.01M | 0 | 7.87M | 0 | 6.95M | 6.68M | 7.41M | 6.25M | 6.58M | 6.26M | 6.21M | 5.91M | 6.06M | 6.05M | 6.59M | 6.87M |
| Deferred Taxes | -11.57M | -18.25M | -10.92M | -17.25M | -18.55M | 15.28M | -23.35M | -10.48M | -33.07M | -6.07M | -36.32M | -28.08M | 890K | 11.86M | 1.54M | 0 | -58K | 6.24M | 8.36M | -939K |
| Other Non-Cash Items | 2.58M | -2.77M | -5.08M | 2.22M | -3.92M | 3.19M | -4.59M | -33.01M | -1.04M | -262.77M | -6.96M | -1.16B | -291K | -2.84M | 2.54M | -9.12M | -7.45M | -15.3M | -10.32M | 16.43M |
| Working Capital Changes | 9.31M | -17.43M | -8.72M | -51.15M | 26.82M | -27.89M | -22.87M | -20.38M | 40.79M | -54.5M | -46.57M | 91.67M | -2.67M | -3.38M | 28.39M | 2.97M | 27.03M | -2.08M | 6.86M | -2.22M |
| Change in Receivables | -3.05M | 8.25M | -1.18M | -7.29M | 9.04M | 2.57M | 28.3M | -13.13M | 25.25M | -35.44M | -8.14M | -11.07M | -860K | 265K | 426K | -3.6M | 76K | 1.54M | -249K | -2.33M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -337.97M | -361.57M |
| Change in Payables | 0 | 0 | -9.39M | -35.93M | 18.15M | 0 | -29.91M | 0 | 79.1M | 19.33M | -4.81M | -286K | 2.92M | -2.51M | 14.91M | 0 | 31.32M | -1.89M | 7.95M | 853K |
| Cash from Investing | -21.24M | -12.03M | -11.25M | -31.2M | -33.09M | -21.1M | -34.24M | 25.89M | 50.95M | 60.12M | 62.13M | -22.32M | -23.2M | -19.59M | -23.97M | -17.29M | -18.12M | -15.3M | -21.96M | -17.22M |
| Capital Expenditures | -46.24M | -37.03M | -36.25M | -56.2M | -58.09M | -46.1M | -59.24M | -48.77M | -40.88M | -43.61M | 62.13M | -37.45M | -23.2M | -19.59M | -23.97M | -17.29M | -18.12M | -15.3M | -21.96M | -17.22M |
| CapEx % of Revenue | 19.33% | 15.4% | 16.27% | 22.82% | 23.51% | 18.27% | 23.03% | 18.72% | 15.36% | 16.03% | 22.56% | 16.37% | 15.11% | 12.89% | 15.98% | 11.65% | 12.15% | 10.39% | 14.84% | 11.64% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 25M | 25M | 25M | 25M | 25M | 25M | 25M | 62.33M | 87.5M | 87.5M | 87.5M | 29.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -14.65M | -10.83M | -63M | 193.75M | -57.02M | -75.14M | -50.98M | 255.59M | -23.55M | -64.73M | -86.04M | -52.46M | -54.62M | -68.3M | -52.5M | 23.48M | -47.53M | -46.27M | -43.68M | 112.79M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | -5.17M | -11.49M | 0 | 1.25M | 0 | -7.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 204K | 0 | 362K | 660K |
| Dividends Paid | -1.3M | -2.3M | -49.07M | -49.56M | -49.13M | -48.42M | -47.21M | -93.3M | -478K | -46.36M | -45.14M | -44.91M | -45.31M | -43.98M | -42.73M | -41.85M | -41.3M | -39.55M | -37.65M | -37M |
| Share Repurchases | 0 | 0 | -5.17M | -11.52M | 0 | 0 | 0 | -7.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 1K | 24K | 0 | 121K | -114.58M | 748K | 0 | 164K | 440K | 402K | 240K | 145K | 188K | 375.45M | 446.14M | -571K | -491K | -1.5M | -1.97M |
| Net Change in Cash | -25.85M | -21.18M | -80.43M | 122.75M | -43.95M | -88.18M | -110.15M | 262.97M | 49.49M | -52.29M | -77.88M | 9.53M | -41.49M | -47.75M | -26.18M | 38.08M | -16.85M | -26.33M | -19.01M | 135.98M |
| Free Cash Flow | -31.41M | -43.02M | -33.15M | -100.24M | -21.74M | -31.57M | -79.47M | -70.94M | -21.66M | -92.31M | 9.7M | 45.2M | 12.62M | 16.73M | 29.6M | 17.11M | 31.29M | 20.69M | 25.46M | 22.53M |
| FCF Margin % | -13.13% | -17.89% | -14.88% | -40.71% | -8.8% | -12.51% | -30.9% | -27.24% | -8.14% | -33.92% | 3.52% | 19.76% | 8.21% | 11.01% | 19.73% | 11.53% | 20.98% | 14.05% | 17.21% | 15.24% |
| FCF Growth % | -44.48% | -36.27% | 58.29% | -41.31% | -0.34% | 65.8% | -919.7% | -256.92% | -271.7% | -651.68% | -67.25% | 164.13% | -59.68% | -19.12% | 16.26% | -24.04% | -1.17% | -4.71% | 29.34% | -17.71% |
| FCF per Share | -0.66 | -0.90 | -0.70 | -2.11 | -0.46 | -0.66 | -1.68 | -1.49 | -0.46 | -1.92 | 0.21 | 0.95 | 0.27 | 0.35 | 0.63 | 0.36 | 0.67 | 0.44 | 0.54 | 0.49 |
| FCF Conversion (FCF/Net Income) | -0.38x | 0.19x | -0.07x | 0.76x | -0.70x | -0.34x | 0.32x | 0.69x | -0.29x | -0.24x | 0.92x | 0.07x | 5.83x | 42.63x | -6.69x | 3.08x | 43.46x | 1.94x | 3.56x | -15.94x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |