The minimum-cost flow (MCF) problem is a fundamental optimization problem with many applications and seems to be well understood. Over the last half century many algorithms have been developed to solve the MCF problem and these algorithms have varying worst-case bounds on their running time. However, these worst-case bounds are not always a good indication of the algorithms' performance in practice. The Network Simplex (NS) algorithm needs an exponential number of iterations for some instances, but it is considered the best algorithm in practice and performs best in experimental studies. On the other hand, the Minimum-Mean Cycle Canceling (MMCC) algorithm is strongly polynomial, but performs badly in experimental studies. To explain these differences in performance in practice we apply the framework of smoothed analysis. We show an upper bound of $O(mn^2\log(n)\log(φ))$ for the number of iterations of the MMCC algorithm. Here $n$ is the number of nodes, $m$ is the number of edges, and $φ$ is a parameter limiting the degree to which the edge costs are perturbed. We also show a lower bound of $Ω(m\log(φ))$ for the number of iterations of the MMCC algorithm, which can be strengthened to $Ω(mn)$ when $φ=Θ(n^2)$. For the number of iterations of the NS algorithm we show a smoothed lower bound of $Ω(m \cdot \min \{ n, φ\} \cdot φ)$.