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 23,96439,15448,26050,686235,882207,218
Cash and cash equivalents 23,96439,15448,26050,686223,552197,648
Short-term investments     12,3309,570
Restricted cash and investments 4988013,60817,992  
Receivables 88,21997,623113,545120,49293,44985,517
Inventory, net of allowances, customer advances and progress billings 26,69534,64928,35225,98614,99813,626
Inventory 26,69534,64928,35225,98614,99813,626
Prepaid expense 6,7539,10413,48617,658  
Other current assets 12,83910,49820,92320,78627,20923,549
Total current assets: 158,968191,829228,174253,600371,538329,910
Noncurrent Assets
Property, plant and equipment 145,295176,577195,029166,04939,06623,651
Long-term investments and receivables 78,8866,9668,68621,470  
Long-term investments 78,8866,9668,68621,470  
Intangible assets, net (including goodwill) 215,090243,698282,278494,556215,233165,918
Goodwill 159,607159,562159,696327,83693,79653,014
Intangible assets, net (excluding goodwill) 55,48384,136122,582166,720121,437112,904
Advance royalties    8,600  
Other noncurrent assets 27,50914,8829,1187,23313,70214,116
Other undisclosed noncurrent assets 42,83283,135137,299147,927  
Total noncurrent assets: 509,612525,258632,410845,835268,001203,685
TOTAL ASSETS: 668,580717,087860,5841,099,435639,539533,595
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 178,930177,056205,036240,344118,53099,328
Employee-related liabilities 6,8077,5787,57712,2519,4925,438
Accounts payable 94,67996,105102,89367,56246,79054,878
Accrued liabilities 32,82228,55844,86768,849  
Other undisclosed accounts payable and accrued liabilities 44,62244,81549,69991,68262,24839,012
Deferred revenue 12,317
Debt 15,67822,67320,1062,069749752
Derivative instruments and hedges, liabilities    43324,07652,671
Liability for uncertainty in income taxes 7,700     
Deferred revenue and credits6,5086,97010,44913,401
Deferred tax liabilities    80
Contract with customer, liability7,430
Other liabilities 7,0815,0327,78511,32112,1118,080
Other undisclosed current liabilities 619     
Total current liabilities: 222,325212,191239,435261,137165,915174,312
Noncurrent Liabilities
Long-term debt and lease obligation, including: 757,384687,217598,958468,23171,4932,263
Long-term debt, excluding current maturities 757,384686,938598,958468,23171,4932,263
Capital lease obligations279    
Finance lease, liability 16,666
Other undisclosed long-term debt and lease obligation (40,302)     
Liabilities, other than long-term debt 40,38935,88747,66671,07048,37050,691
Deferred revenue and credits1,0791,5366,3456,748
Deferred revenue 86
Contract with customer, liability1,116
Deferred tax liabilities, net 16,24733,20522,32423,330
Deferred income tax liabilities 5,894
Liability for uncertainty in income taxes      6,300
Other liabilities 34,40934,77130,34036,32919,70114,313
Operating lease, liability 23,636
Other undisclosed noncurrent liabilities 23,6368,127   (6,300)
Total noncurrent liabilities: 821,409731,231646,624539,301119,86346,654
Total liabilities: 1,043,734943,422886,059800,438285,778220,966
Equity
Equity, attributable to parent, including: (375,154)(226,335)(25,475)298,997353,761312,629
Common stock 101010988
Treasury stock, value (30,659)(30,659)(30,659)(30,659)(30,659)(30,659)
Additional paid in capital 818,961814,488779,565747,005688,696645,110
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)298,997353,761312,629
TOTAL LIABILITIES AND EQUITY: 668,580717,087860,5841,099,435639,539533,595

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 656,877647,094619,469529,755426,030387,735
Revenue, net619,469529,755426,030387,735
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: 133,152134,701157,349164,285146,874105,862
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)4,88744,911(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.

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