Global Eagle Entertainment Inc. (ENT) financial statements (2021 and earlier)

Company profile

Business Address 6080 CENTER DRIVE
LOS ANGELES, CA 90045
State of Incorp. DE
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments35542410112139
Cash and cash equivalents31542410112139
Short-term investments3      
Restricted cash and investments5101111
Receivables668388999210798
Inventory, net of allowances, customer advances and progress billings25252732353435
Inventory25252732353435
Prepaid expense6573579
Other current assets11121312101410
Total current assets:147180159157155184192
Noncurrent Assets
Finance lease, right-of-use asset   1111 
Operating lease, right-of-use asset   2424 
Net investment in lease   11 
Property, plant and equipment117133145159170181177
Long-term investments and receivables6264795557
Long-term investments6264795557
Intangible assets, net (including goodwill)180187215221228236244
Goodwill137137160160160160160
Intangible assets, net (excluding goodwill)43495562697684
Contract with customer, asset, net1110     
Other noncurrent assets26272826272215
Other undisclosed noncurrent assets253043808210783
Total noncurrent assets:421451510527548551525
TOTAL ASSETS:568630669683703735717
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:182189179186185183177
Accounts payable  95   96
Accrued liabilities  33   29
Employee-related liabilities  7   8
Other undisclosed accounts payable and accrued liabilities1821894518618518345
Deferred revenue810121011 
Debt8118051617173823
Liability for uncertainty in income taxes  8    
Contract with customer, liability97
Other liabilities1010798105
Other undisclosed current liabilities77155  
Total current liabilities:1,0181,020222227225241212
Noncurrent Liabilities
Long-term debt and lease obligation, including:1617757736713692687
Long-term debt, excluding current maturities1617757736713692687
Finance lease, liability  171717 
Capital lease obligations0
Operating lease, liability2122242222 
Other undisclosed long-term debt and lease obligation(21)(22)(40)(39)(39)  
Liabilities, other than long-term debt26284038435836
Deferred revenue00000 
Contract with customer, liability01
Deferred income tax liabilities24678 
Other liabilities23243431355735
Other undisclosed noncurrent liabilities212224222288
Total noncurrent liabilities:6366821797779758731
Total liabilities:1,0811,0861,0441,0241,003999943
Stockholders' equity
Stockholders' equity attributable to parent(513)(456)(375)(340)(301)(264)(226)
Common stock0000000
Treasury stock, value(31)(31)(31)(31)(31)(31)(31)
Additional paid in capital821820819818816814814
Accumulated other comprehensive income (loss)000(0)00(0)
Accumulated deficit(1,303)(1,245)(1,163)(1,127)(1,086)(1,047)(1,009)
Stockholders' equity note, subscriptions receivable(1)(1)(1)(1)(1)(1)(1)
Total stockholders' equity:(513)(456)(375)(340)(301)(264)(226)
TOTAL LIABILITIES AND EQUITY:568630669683703735717

Income statement (P&L) ($ in millions)

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
Revenues83144163170157167161
Operating lease, lease income2026133436 
Cost of revenue
(Cost of Goods and Services Sold)
(72)(121)(133)(132)(124)(134)(139)
Gross profit:11232938333222
Operating expenses(78)(135)117(101)(90)(95)144
Other undisclosed operating income (loss)3565(160)474143(203)
Operating loss:(31)(47)(14)(16)(15)(19)(38)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)0(0)(0)(0)(0)(0)
Interest and debt expense(0)(0)(0)(2)   
Loss from continuing operations before equity method investments, income taxes:(33)(47)(15)(18)(15)(19)(38)
Income (loss) from equity method investments(2)(11)2332(50)
Other undisclosed loss from continuing operations before income taxes(23)(22)(22)(22)(22)(20)(20)
Loss from continuing operations before income taxes:(58)(80)(34)(37)(35)(37)(108)
Income tax expense(0)(1)(2)(4)(3)(0)(1)
Net loss available to common stockholders, diluted:(58)(81)(36)(41)(38)(38)(109)

Comprehensive Income ($ in millions)

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:(58)(81)(36)(41)(38)(38)(109)
Other comprehensive income (loss)  0(0)000
Comprehensive loss:(58)(81)(36)(41)(38)(37)(109)
Other undisclosed comprehensive income, net of tax, attributable to parent00     
Comprehensive loss, net of tax, attributable to parent:(58)(81)(36)(41)(38)(37)(109)

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: