Global Eagle Entertainment Inc. (ENT) Financial Statements (2025 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)Annual | Quarterly
| 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 54,193 | 23,964 | 9,728 | 10,853 | 20,813 | 39,154 | |||
| Cash and cash equivalents | 54,193 | 23,964 | 9,728 | 10,853 | 20,813 | 39,154 | |||
| Short-term investments | |||||||||
| Restricted cash and investments | 703 | 498 | 908 | 1,172 | 1,019 | 801 | |||
| Receivables | 82,796 | 88,219 | 99,132 | 91,801 | 106,797 | 97,623 | |||
| Inventory, net of allowances, customer advances and progress billings | 25,343 | 26,695 | 31,827 | 35,378 | 34,233 | 34,649 | |||
| Inventory | 25,343 | 26,695 | 31,827 | 35,378 | 34,233 | 34,649 | |||
| Prepaid expense | 4,698 | 6,753 | 3,307 | 5,042 | 7,164 | 9,104 | |||
| Other current assets | 12,121 | 12,839 | 11,605 | 10,473 | 13,882 | 10,498 | |||
| Total current assets: | 179,854 | 158,968 | 156,507 | 154,719 | 183,908 | 191,829 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 10,754 | 10,731 | ✕ | ||||||
| Operating lease, right-of-use asset | 24,167 | 23,820 | ✕ | ||||||
| Net investment in lease, before allowance for credit loss | 1,216 | 1,267 | ✕ | ||||||
| Property, plant and equipment | 132,769 | 145,295 | 158,931 | 170,046 | 180,555 | 176,577 | |||
| Long-term investments and receivables | 64,300 | 78,886 | 4,566 | 5,065 | 5,232 | 6,966 | |||
| Long-term investments | 64,300 | 78,886 | 4,566 | 5,065 | 5,232 | 6,966 | |||
| Intangible assets, net (including goodwill) | 186,634 | 215,090 | 221,345 | 228,147 | 235,922 | 243,698 | |||
| Goodwill | 137,359 | 159,607 | 159,591 | 159,613 | 159,587 | 159,562 | |||
| Intangible assets, net (excluding goodwill) | 49,275 | 55,483 | 61,754 | 68,534 | 76,335 | 84,136 | |||
| Contract with customer, asset, after allowance for credit loss | 10,440 | ||||||||
| Other noncurrent assets | 26,868 | 27,509 | 25,624 | 27,032 | 22,070 | 14,882 | |||
| Other undisclosed noncurrent assets | 29,611 | 42,832 | 80,298 | 82,102 | 107,169 | 83,135 | |||
| Total noncurrent assets: | 450,622 | 509,612 | 526,901 | 548,210 | 550,948 | 525,258 | |||
| TOTAL ASSETS: | 630,476 | 668,580 | 683,408 | 702,929 | 734,856 | 717,087 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 188,513 | 178,930 | 186,159 | 184,837 | 183,205 | 177,056 | |||
| Employee-related liabilities | 6,807 | 7,578 | |||||||
| Accounts payable | 94,679 | 96,105 | |||||||
| Accrued liabilities | 32,822 | 28,558 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 188,513 | 44,622 | 186,159 | 184,837 | 183,205 | 44,815 | |||
| Deferred revenue | 9,535 | 12,317 | 10,421 | 10,672 | ✕ | ||||
| Debt | 804,575 | 15,678 | 16,533 | 17,005 | 38,190 | 22,673 | |||
| Liability for uncertainty in income taxes | 7,700 | ||||||||
| Other liabilities | 10,090 | 7,081 | 8,533 | 7,560 | 10,322 | 5,032 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 9,018 | 7,430 | ||
| Other undisclosed current liabilities | 7,169 | 619 | 5,177 | 4,806 | |||||
| Total current liabilities: | 1,019,882 | 222,325 | 226,823 | 224,880 | 240,735 | 212,191 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 16,805 | 757,384 | 736,317 | 713,281 | 692,328 | 687,217 | |||
| Long-term debt, excluding current maturities | 16,805 | 757,384 | 736,317 | 713,281 | 692,328 | 686,938 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 279 | ||
| Finance lease, liability | 16,666 | 16,819 | 17,117 | ✕ | |||||
| Other undisclosed long-term debt and lease obligation | (21,739) | (40,302) | (39,077) | (39,394) | |||||
| Liabilities, other than long-term debt | 27,901 | 40,389 | 38,355 | 43,021 | 57,526 | 35,887 | |||
| Deferred revenue | 86 | 86 | 86 | 252 | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 255 | 1,116 | ||
| Deferred income tax liabilities | 4,019 | 5,894 | 7,334 | 7,702 | ✕ | ||||
| Other liabilities | 23,796 | 34,409 | 30,935 | 35,067 | 57,271 | 34,771 | |||
| Operating lease, liability | 21,739 | 23,636 | 22,258 | 22,277 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 21,739 | 23,636 | 22,258 | 22,277 | 8,394 | 8,127 | |||
| Total noncurrent liabilities: | 66,445 | 821,409 | 796,930 | 778,579 | 758,248 | 731,231 | |||
| Total liabilities: | 1,086,327 | 1,043,734 | 1,023,753 | 1,003,459 | 998,983 | 943,422 | |||
| Equity | |||||||||
| Equity, attributable to parent | (455,851) | (375,154) | (340,345) | (300,530) | (264,127) | (226,335) | |||
| Common stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Treasury stock, value | (30,659) | (30,659) | (30,659) | (30,659) | (30,659) | (30,659) | |||
| Additional paid in capital | 820,239 | 818,961 | 817,771 | 816,119 | 814,072 | 814,488 | |||
| Accumulated other comprehensive income (loss) | 269 | 32 | (69) | 124 | 114 | (119) | |||
| Accumulated deficit | (1,245,113) | (1,162,901) | (1,126,801) | (1,085,527) | (1,047,067) | (1,009,458) | |||
| Stockholders' equity note, subscriptions receivable | (597) | (597) | (597) | (597) | (597) | (597) | |||
| Total equity: | (455,851) | (375,154) | (340,345) | (300,530) | (264,127) | (226,335) | |||
| TOTAL LIABILITIES AND EQUITY: | 630,476 | 668,580 | 683,408 | 702,929 | 734,856 | 717,087 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 144,165 | 162,902 | 169,889 | 157,467 | 166,619 | 160,607 | ||
| Operating lease, lease income | 26,023 | 12,834 | 34,244 | 36,154 | ✕ | |||
| Cost of revenue (Cost of Goods and Services Sold) | (120,807) | (133,441) | (131,873) | (124,217) | (134,194) | (139,011) | ||
| Gross profit: | 23,358 | 29,461 | 38,016 | 33,250 | 32,425 | 21,596 | ||
| Operating expenses | (134,962) | 116,598 | (101,371) | (89,587) | (94,781) | 144,250 | ||
| Other undisclosed operating income (loss) | 64,811 | (160,484) | 47,348 | 41,111 | 43,266 | (203,382) | ||
| Operating loss: | (46,793) | (14,425) | (16,007) | (15,226) | (19,090) | (37,536) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 232 | (18) | (202) | (105) | (179) | (81) | ||
| Interest and debt expense | (383) | (348) | (1,900) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (46,944) | (14,791) | (18,109) | (15,331) | (19,269) | (37,617) | ||
| Income (loss) from equity method investments | (10,858) | 2,204 | 3,130 | 2,517 | 2,129 | (49,921) | ||
| Other undisclosed loss from continuing operations before income taxes | (21,997) | (21,742) | (21,987) | (22,329) | (20,339) | (20,435) | ||
| Loss from continuing operations before income taxes: | (79,799) | (34,329) | (36,966) | (35,143) | (37,479) | (107,973) | ||
| Income tax expense | (1,126) | (1,771) | (4,308) | (3,317) | (130) | (1,203) | ||
| Loss from continuing operations: | (80,925) | (36,100) | (41,274) | (38,460) | (37,609) | (109,176) | ||
| Loss before gain (loss) on sale of properties: | (80,925) | (36,100) | (41,274) | (38,460) | (37,609) | (109,176) | ||
| Net loss available to common stockholders, diluted: | (80,925) | (36,100) | (41,274) | (38,460) | (37,609) | (109,176) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (80,925) | (36,100) | (41,274) | (38,460) | (37,609) | (109,176) | ||
| Other comprehensive income (loss) | 101 | (193) | 10 | 233 | 181 | |||
| Comprehensive loss: | (80,925) | (35,999) | (41,467) | (38,450) | (37,376) | (108,995) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 237 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (80,688) | (35,999) | (41,467) | (38,450) | (37,376) | (108,995) | ||
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.