Global Eagle Entertainment Inc. (ENT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6080 CENTER DRIVE LOS ANGELES, CA 90045 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 23,964 | 39,154 | 48,260 | 50,686 | 235,882 | 207,218 | |||
| Cash and cash equivalents | 23,964 | 39,154 | 48,260 | 50,686 | 223,552 | 197,648 | |||
| Short-term investments | 12,330 | 9,570 | |||||||
| Restricted cash and investments | 498 | 801 | 3,608 | 17,992 | |||||
| Receivables | 88,219 | 97,623 | 113,545 | 120,492 | 93,449 | 85,517 | |||
| Inventory, net of allowances, customer advances and progress billings | 26,695 | 34,649 | 28,352 | 25,986 | 14,998 | 13,626 | |||
| Inventory | 26,695 | 34,649 | 28,352 | 25,986 | 14,998 | 13,626 | |||
| Prepaid expense | 6,753 | 9,104 | 13,486 | 17,658 | |||||
| Other current assets | 12,839 | 10,498 | 20,923 | 20,786 | 27,209 | 23,549 | |||
| Total current assets: | 158,968 | 191,829 | 228,174 | 253,600 | 371,538 | 329,910 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 145,295 | 176,577 | 195,029 | 166,049 | 39,066 | 23,651 | |||
| Long-term investments and receivables | 78,886 | 6,966 | 8,686 | 21,470 | |||||
| Long-term investments | 78,886 | 6,966 | 8,686 | 21,470 | |||||
| Intangible assets, net (including goodwill) | 215,090 | 243,698 | 282,278 | 494,556 | 215,233 | 165,918 | |||
| Goodwill | 159,607 | 159,562 | 159,696 | 327,836 | 93,796 | 53,014 | |||
| Intangible assets, net (excluding goodwill) | 55,483 | 84,136 | 122,582 | 166,720 | 121,437 | 112,904 | |||
| Advance royalties | 8,600 | ||||||||
| Other noncurrent assets | 27,509 | 14,882 | 9,118 | 7,233 | 13,702 | 14,116 | |||
| Other undisclosed noncurrent assets | 42,832 | 83,135 | 137,299 | 147,927 | |||||
| Total noncurrent assets: | 509,612 | 525,258 | 632,410 | 845,835 | 268,001 | 203,685 | |||
| TOTAL ASSETS: | 668,580 | 717,087 | 860,584 | 1,099,435 | 639,539 | 533,595 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 178,930 | 177,056 | 205,036 | 240,344 | 118,530 | 99,328 | |||
| Employee-related liabilities | 6,807 | 7,578 | 7,577 | 12,251 | 9,492 | 5,438 | |||
| Accounts payable | 94,679 | 96,105 | 102,893 | 67,562 | 46,790 | 54,878 | |||
| Accrued liabilities | 32,822 | 28,558 | 44,867 | 68,849 | |||||
| Other undisclosed accounts payable and accrued liabilities | 44,622 | 44,815 | 49,699 | 91,682 | 62,248 | 39,012 | |||
| Deferred revenue | 12,317 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 15,678 | 22,673 | 20,106 | 2,069 | 749 | 752 | |||
| Derivative instruments and hedges, liabilities | 433 | 24,076 | 52,671 | ||||||
| Liability for uncertainty in income taxes | 7,700 | ||||||||
| Other liabilities | 7,081 | 5,032 | 7,785 | 11,321 | 12,111 | 8,080 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 6,508 | 6,970 | 10,449 | 13,401 | ||
| Deferred tax liabilities | ✕ | ✕ | 80 | ||||||
| Contract with customer, liability | ✕ | ✕ | 7,430 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 619 | ||||||||
| Total current liabilities: | 222,325 | 212,191 | 239,435 | 261,137 | 165,915 | 174,312 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 757,384 | 687,217 | 598,958 | 468,231 | 71,493 | 2,263 | |||
| Long-term debt, excluding current maturities | 757,384 | 686,938 | 598,958 | 468,231 | 71,493 | 2,263 | |||
| Capital lease obligations | ✕ | ✕ | 279 | ||||||
| Finance lease, liability | 16,666 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (40,302) | ||||||||
| Liabilities, other than long-term debt | 40,389 | 35,887 | 47,666 | 71,070 | 48,370 | 50,691 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1,079 | 1,536 | 6,345 | 6,748 | ||
| Deferred revenue | 86 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | 1,116 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | 16,247 | 33,205 | 22,324 | 23,330 | |||
| Deferred income tax liabilities | 5,894 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability for uncertainty in income taxes | 6,300 | ||||||||
| Other liabilities | 34,409 | 34,771 | 30,340 | 36,329 | 19,701 | 14,313 | |||
| Operating lease, liability | 23,636 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 23,636 | 8,127 | (6,300) | ||||||
| Total noncurrent liabilities: | 821,409 | 731,231 | 646,624 | 539,301 | 119,863 | 46,654 | |||
| Total liabilities: | 1,043,734 | 943,422 | 886,059 | 800,438 | 285,778 | 220,966 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (375,154) | (226,335) | (25,475) | 298,997 | 353,761 | 312,629 | |||
| Common stock | 10 | 10 | 10 | 9 | 8 | 8 | |||
| Treasury stock, value | (30,659) | (30,659) | (30,659) | (30,659) | (30,659) | (30,659) | |||
| Additional paid in capital | 818,961 | 814,488 | 779,565 | 747,005 | 688,696 | 645,110 | |||
| Accumulated other comprehensive income (loss) | 32 | (119) | (22) | (416) | (299) | 4 | |||
| Accumulated deficit | (1,162,901) | (1,009,458) | (773,791) | (416,389) | (303,457) | (301,331) | |||
| Stockholders' equity note, subscriptions receivable | (597) | (597) | (578) | (553) | ✕ | ✕ | |||
| Other undisclosed equity, attributable to parent | (528) | (503) | |||||||
| Total equity: | (375,154) | (226,335) | (25,475) | 298,997 | 353,761 | 312,629 | |||
| TOTAL LIABILITIES AND EQUITY: | 668,580 | 717,087 | 860,584 | 1,099,435 | 639,539 | 533,595 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 656,877 | 647,094 | 619,469 | 529,755 | 426,030 | 387,735 | ||
| Revenue, net | ✕ | ✕ | ✕ | 619,469 | 529,755 | 426,030 | 387,735 | |
| Operating lease, lease income | 117,339 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Cost of revenue | (523,725) | (512,393) | (462,120) | (429,470) | (279,156) | (281,873) | ||
| Cost of goods and services sold | (523,725) | (512,393) | (462,120) | (365,470) | (279,156) | (281,873) | ||
| Other undisclosed gross profit | 64,000 | |||||||
| Gross profit: | 133,152 | 134,701 | 157,349 | 164,285 | 146,874 | 105,862 | ||
| Operating expenses | (169,141) | (207,160) | (396,219) | (262,948) | (155,685) | (325,729) | ||
| Other undisclosed operating income (loss) | (28,759) | (37,624) | (40,938) | (64,000) | 182,884 | |||
| Operating loss: | (64,748) | (110,083) | (279,808) | (162,663) | (8,811) | (36,983) | ||
| Nonoperating income (expense) | (504) | (1,017) | (436) | (6,326) | 8,306 | (9,637) | ||
| Investment income, nonoperating | (1,500) | |||||||
| Other nonoperating expense | (504) | (1,017) | (436) | (6,326) | (1,140) | (2,770) | ||
| Interest and debt expense | (938) | (14,389) | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (66,190) | (111,100) | (294,633) | (168,989) | (505) | (46,620) | ||
| Income (loss) from equity method investments | 9,980 | (46,310) | (12,424) | 3,829 | (1,500) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (87,707) | (76,121) | (54,944) | 7,317 | 1,500 | |||
| Loss from continuing operations before income taxes: | (143,917) | (233,531) | (362,001) | (157,843) | (505) | (46,620) | ||
| Income tax expense (benefit) | (9,526) | (3,068) | 4,887 | 44,911 | (1,621) | (10,574) | ||
| Loss from continuing operations: | (153,443) | (236,599) | (357,114) | (112,932) | (2,126) | (57,194) | ||
| Loss before gain (loss) on sale of properties: | (153,443) | (236,599) | (357,114) | (112,932) | (2,126) | (57,194) | ||
| Net loss: | (153,443) | (236,599) | (357,114) | (112,932) | (2,126) | (57,194) | ||
| Net loss attributable to noncontrolling interest | (194) | |||||||
| Net loss available to common stockholders, basic: | (153,443) | (236,599) | (357,114) | (112,932) | (2,126) | (57,388) | ||
| Other undisclosed net loss available to common stockholders, diluted | (11,938) | |||||||
| Net loss available to common stockholders, diluted: | (153,443) | (236,599) | (357,114) | (112,932) | (14,064) | (57,388) | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (153,443) | (236,599) | (357,114) | (112,932) | (2,126) | (57,194) | ||
| Other comprehensive income (loss) | 151 | (97) | 394 | (117) | (303) | 4 | ||
| Comprehensive loss: | (153,292) | (236,696) | (356,720) | (113,049) | (2,429) | (57,190) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (194) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (153,292) | (236,696) | (356,720) | (113,049) | (2,429) | (57,384) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.