Cogent Communications Holdings (CCOI) FY2017 results: revenue $485 million, up 8.6% on the year
Cogent Communications Holdings, Inc. (CCOI) reported revenue of $485 million for fiscal 2017, the year ended 31 December 2017, up 8.6% on the year before. Net income was $6 million, down 60.6%, and diluted earnings per share $0.13. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$485 million
+8.6% on the year
FY2013FY2017
Operating margin
15.6%
14.3% a year earlier
FY2013FY2017
Net income
$6 million
-60.6% on the year
FY2013FY2017
Diluted EPS
$0.13
-60.6% on the year
FY2013FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
485
447
404
+8.6%
Cost of revenue
209
194
175
+7.8%
Gross profit
276
253
230
+9.1%
Gross margin
56.9%
56.6%
56.8%
Selling, general and administrative
128
121
113
+6.0%
Operating income
75.9
64.0
53.0
+18.5%
Operating margin
15.6%
14.3%
13.1%
Interest expense
48.5
40.8
41.3
+18.8%
Pre-tax income
31.1
24.3
12.7
+28.3%
Income tax
25.2
9.3
7.8
+170.5%
Effective tax rate
81.1%
38.5%
61.5%
Net income
5.9
14.9
4.9
-60.6%
Net margin
1.2%
3.3%
1.2%
Diluted EPS
$0.13
$0.33
$0.11
-60.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
112
108
83.8
+3.5%
Capital expenditure
45.8
45.2
35.6
+1.3%
Free cash flow
65.9
62.7
48.2
+5.0%
Free cash flow margin
13.6%
14.0%
11.9%
Cash from investing
-45.8
-45.2
-35.5
Cash from financing
-97.3
8.3
-129
Depreciation and amortisation
75.9
75.2
70.5
+0.9%
Share-based compensation
13.3
10.7
11.5
+23.8%
Buybacks
1.8
4.5
39.4
-59.3%
Dividends paid
81.7
68.2
66.3
+19.7%
Dividend per share
$1.80
$1.51
$1.46
+19.2%
Diluted shares, weighted
45m
45m
45m
+0.7%
Shares outstanding at period end
46m
45m
45m
+1.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-103
-53.3
-12.3
Debt
575
570
471
+0.9%
Other liabilities
238
221
204
+7.6%
Total liabilities and equity
711
738
663
-3.7%
Fixed assets
381
362
360
+5.4%
Cash and equivalents
247
274
204
-10.0%
Receivables
39.1
33.6
30.7
+16.4%
Other assets
43.2
68.3
68.4
-36.8%
Total assets
711
738
663
-3.7%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.