Cogent Communications Holdings (CCOI) FY2022 results: revenue $600 million, up 1.7% on the year
Cogent Communications Holdings, Inc. (CCOI) reported revenue of $600 million for fiscal 2022, the year ended 31 December 2022, up 1.7% on the year before. Net income was $5 million, down 89.3%, and diluted earnings per share $0.11. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$600 million
+1.7% on the year
FY2015FY2022
Operating margin
19.0%
20.2% a year earlier
FY2015FY2022
Net income
$5 million
-89.3% on the year
FY2015FY2022
Diluted EPS
$0.11
-89.3% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
174
170
140
+2.0%
Capital expenditure
79.0
69.9
56.0
+13.0%
Free cash flow
94.7
100
84.4
-5.6%
Free cash flow margin
15.8%
17.0%
14.9%
Cash from investing
-79.0
-69.9
-56.0
Cash from financing
-145
-141
-116
Depreciation and amortisation
92.2
89.2
83.5
+3.3%
Share-based compensation
24.4
26.8
23.5
-8.9%
Buybacks
n/a
n/a
4.5
Dividends paid
170
150
129
+13.0%
Dividend per share
$3.56
$3.17
$2.78
+12.1%
Diluted shares, weighted
47m
47m
47m
+0.5%
Shares outstanding at period end
48m
48m
47m
+0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-519
-373
-293
Debt
950
898
882
+5.8%
Operating lease liabilities
94.6
112
111
-15.4%
Finance lease liabilities
287
229
203
+25.4%
Other liabilities
197
119
96.9
+65.4%
Total liabilities and equity
1,010
985
1,000
+2.6%
Fixed assets
544
458
430
+18.9%
Cash and equivalents
224
320
371
-30.0%
Receivables
44.1
41.9
44.2
+5.2%
Other assets
198
165
155
+19.8%
Total assets
1,010
985
1,000
+2.6%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.