Below are the financial statements of Cogent Communications Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Current assets | — | — |
| Cash and cash equivalents | 198.49a | 75.09a |
| Restricted cash | 29.43a | 38.69a |
| Accounts receivable, net of allowance for credit losses | 96.93a | 135.48a |
| Due from T-Mobile, IP Transit Services Agreement, current portion, net of discount | 83.09a | 179.27a |
| Due from T-Mobile, Transition Services Agreement | 0.06a | 4.51a |
| Prepaid expenses and other current assets | 74.1a | 80.59a |
| Total current assets | 482.1a | 513.63a |
| Property and equipment | — | — |
| Property and equipment | 3,319.73a | 2,947.38a |
| Accumulated depreciation and amortization | -1,655.56a | -1,409.56a |
| Total property and equipment, net | 1,664.17a | 1,537.82a |
| Assets | — | — |
| Right-of-use leased assets | 324.32a | 361.59a |
| IPv4 intangible assets | 458a | 458a |
| Other intangible assets, net | 13.03a | 14.82a |
| Due from T-Mobile, IP Transit Services Agreement, net of discount | 179.53a | 263.75a |
| Due from T-Mobile, Purchase Agreement, net of discount | 22.36a | 38.59a |
| Deposits and other assets | 29.6a | 23.44a |
| Total assets | 3,173.1a | 3,211.62a |
| Current liabilities | — | — |
| Accounts payable | 39.81a | 48.36a |
| Accrued and other current liabilities | 134.61a | 120.52a |
| Due to T-Mobile - Transition Services Agreement | 0.53a | 66.91a |
| Due to T-Mobile - Purchase Agreement | 0a | 4.98a |
| Current maturities, operating lease liabilities | 57.17a | 67.96a |
| Finance lease obligations, current maturities | 21.23a | 64.59a |
| Total current liabilities | 253.34a | 373.32a |
| Liabilities and stockholders’ equity | — | — |
| Senior secured 2026 notes, net of unamortized debt costs and discount | 499.13a | 498.5a |
| Senior unsecured 2027 notes, net of unamortized debt costs and discounts | 740.93a | 447.09a |
| Secured IPv4 notes, net of debt costs | 199.3a | 0a |
| Operating lease liabilities, net of current maturities | 302a | 330.1a |
| Finance lease obligations, net of current maturities | 517.16a | 419.92a |
| Deferred income tax liabilities | 398.27a | 471.5a |
| Other long-term liabilities | 40.13a | 61.64a |
| Total liabilities | 2,950.25a | 2,602.06a |
| Stockholders’ equity | — | — |
| Common stock | 0.05a | 0.05a |
| Additional paid-in capital | 629.83a | 606.76a |
| Accumulated other comprehensive loss | -30.69a | -14.39a |
| Accumulated (deficit) earnings | -376.35a | 17.14a |
| Total stockholders’ equity | 222.85a | 609.56a |
| Total liabilities and stockholders’ equity | 3,173.1a | 3,211.62a |
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