COGENT COMMUNICATIONS HOLDINGS, INC.
For the period ended May 8, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 8, 2025 · Filed May 8, 2025
Use the contents to explore the available documents and sections.
CCOI$3.98-15.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (IN THOUSANDS, EXCEPT SHARE DATA)
(IN THOUSANDS, EXCEPT SHARE DATA)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $153,805 | $198,486 |
| Restricted cash | 30,165 | 29,430 |
| Accounts receivable, net of allowance for credit losses of $9,193 and $9,762, respectively | 87,955 | 96,934 |
| Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount of $15,332 and $16,915, respectively | 84,668 | 83,085 |
| Due from T-Mobile, Transition Services Agreement | — | 62 |
| Prepaid expenses and other current assets | 66,088 | 74,104 |
| Total current assets | 422,681 | 482,101 |
| Property and equipment: | ||
| Property and equipment | 3,428,294 | 3,319,731 |
| Accumulated depreciation and amortization | (1,736,435) | (1,655,564) |
| Total property and equipment, net | 1,691,859 | 1,664,167 |
| Right-of-use leased assets | 324,533 | 324,315 |
| IPv4 intangible assets | 458,000 | 458,000 |
| Other intangible assets, net | 12,591 | 13,029 |
| Deposits and other assets | 30,636 | 29,596 |
| Due from T-Mobile, IP Transit Services Agreement, net of discount of $9,029 and $12,312, respectively | 157,637 | 179,534 |
| Due from T-Mobile, Purchase Agreement, net of discount of $5,330 and $5,755, respectively | 22,785 | 22,360 |
| Total assets | $3,120,722 | $3,173,102 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $55,850 | $39,805 |
| Accrued and other current liabilities | 146,698 | 134,609 |
| Due to T-Mobile – Transition Services Agreement | 218 | 525 |
| Current maturities, operating lease liabilities | 55,973 | 57,172 |
| Finance lease obligations, current maturities | 24,685 | 21,225 |
| Total current liabilities | 283,424 | 253,336 |
| Senior secured 2026 notes, net of unamortized debt costs of $306 and $375, respectively, and discounts of $408 and $499, respectively | 499,286 | 499,126 |
| Senior unsecured 2027 notes, net of unamortized debt costs of $1,824 and $2,013, respectively, and discounts of $6,395 and $7,053, respectively | 741,781 | 740,934 |
| Secured IPv4 notes, net of debt costs of $6,381 and $6,702, respectively | 199,619 | 199,298 |
| Operating lease liabilities, net of current maturities | 295,864 | 302,004 |
| Finance lease obligations, net of current maturities | 543,852 | 517,161 |
| Deferred income tax liabilities | 379,712 | 398,266 |
| Other long-term liabilities | 34,340 | 40,129 |
| Total liabilities | 2,977,878 | 2,950,254 |
| Commitments and contingencies: | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value; 75,000,000 shares authorized; 49,337,310 and 49,034,925 shares issued and outstanding, respectively | 49 | 49 |
| Additional paid-in capital | 639,248 | 629,829 |
| Accumulated other comprehensive loss | (18,933) | (30,685) |
| Accumulated deficit | (477,520) | (376,345) |
| Total stockholders’ equity | 142,844 | 222,848 |
| Total liabilities and stockholders’ equity | $3,120,722 | $3,173,102 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.