Q4 and Full Year 2022 Financial Highlights
- Cogent approved an increase of $0.01 per share to its regular quarterly dividend for a total of $0.925 per share for Q1 2023 as compared to $0.915 per share for Q4 2022 – Cogent’s forty-second consecutive quarterly dividend increase.
- The Q1 2023 $0.925 dividend per share represents an annual increase of 8.2% from the dividend per share of $0.855 for Q1 2022.
- Service revenue increased from Q3 2022 to Q4 2022 by 1.3% to $152.0 million, increased from Q4 2021 to Q4 2022 by 3.2%, and increased from full year 2021 to 2022 by 1.7% to $599.6 million.
- Net cash provided by operating activities increased by 2.0% from full year 2021 to full year 2022 to $173.7 million.
- Sprint (T-Mobile Wireline) acquisition costs were $0.2 million for Q4 2022 and $2.2 million for full year 2022.
- EBITDA margin, including the impact of $0.2 million of Sprint (T-Mobile Wireline) acquisition costs for Q4 2022 was 37.6%.
- EBITDA, including the impact of $2.2 million of Sprint (T-Mobile Wireline) acquisition costs for full year 2022 was 38.5%