Great Lakes Aviation LTD (GLUX) Financial Statements (2024 and earlier)

Company Profile

Business Address 1022 AIRPORT DRIVE
CHEYENNE, WY 82001
State of Incorp. IA
Fiscal Year End December 31
Industry (SIC) 4512 - Air Transportation, Scheduled (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5551,9182,2023,9263,1813,324
Cash and cash equivalents5551,9182,2023,9263,1813,324
Receivables4,0234,7385,3375,6545,3814,061
Inventory, net of allowances, customer advances and progress billings6,2297,0166,5787,1677,6357,846
Inventory6,2297,0166,5787,1677,6357,846
Other undisclosed current assets4,4803,2243,0354,2474,0034,029
Total current assets:15,28816,89617,15320,99520,20019,259
Noncurrent Assets
Property, plant and equipment42,45842,34943,82544,51245,93747,566
Other noncurrent assets1,3672,9183,2831,6821,8282,088
Total noncurrent assets:43,82545,26647,10946,19547,76449,655
TOTAL ASSETS:59,11362,16364,26267,18967,96568,914
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,9034,7374,3995,9336,5225,998
Interest and dividends payable30330889315  
Accounts payable1,5741,8592,1772,6363,1112,860
Accrued liabilities3,0262,5692,1322,9813,4113,138
Debt26,500  24,72124,22123,173
Other undisclosed current liabilities(303)(308)(89)(315)  
Total current liabilities:31,1014,4294,30930,33930,74329,171
Noncurrent Liabilities
Long-term debt and lease obligation  25,00025,000   
Long-term debt, excluding current maturities  25,00025,000   
Liabilities, other than long-term debt1,1802,9043,7054,3484,4835,415
Deferred tax liabilities, net1,1802,9043,7054,3484,4835,415
Total noncurrent liabilities:1,18027,90428,7054,3484,4835,415
Total liabilities:32,28032,33233,01434,68735,22734,586
Equity
Equity, attributable to parent26,83329,83031,24732,50332,73834,327
Common stock909090909090
Additional paid in capital31,49531,49531,49531,49531,49531,495
Retained earnings (accumulated deficit)(4,752)(1,754)(337)9181,1542,743
Total equity:26,83329,83031,24732,50332,73834,327
TOTAL LIABILITIES AND EQUITY:59,11362,16364,26267,18967,96568,914

Income Statement (P&L) ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Revenues
(Revenue, Net)
10,66312,49314,78716,37914,85913,130
Cost of revenue
(Cost of Goods and Services Sold)
(2,028)(2,239)(3,497)(4,455)(4,114)(4,369)
Gross profit:8,63410,25411,29111,92410,7458,760
Operating expenses(18,602)(18,601)(21,895)(20,287)(21,269)(24,918)
Other undisclosed operating income6,6777,19511,0229,2529,12610,393
Operating income (loss):(3,291)(1,152)417889(1,398)(5,765)
Nonoperating income (expense)00(5,551)000
Investment income, nonoperating00 000
Interest and debt expense(1,431)(1,066)(2,174)(1,259)(1,130)(987)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)(0)5,551(0)(0)(0)
Loss from continuing operations before income taxes:(4,722)(2,218)(1,757)(370)(2,528)(6,752)
Income tax expense (benefit)1,7248015011359392,461
Loss from continuing operations:(2,998)(1,417)(1,256)(235)(1,589)(4,291)
Loss before gain (loss) on sale of properties:(2,998)(1,417)(1,256)(235)(1,589)(4,291)
Net loss available to common stockholders, diluted:(2,998)(1,417)(1,256)(235)(1,589)(4,291)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net loss:(2,998)(1,417)(1,256)(235)(1,589)(4,291)
Comprehensive loss, net of tax, attributable to parent:(2,998)(1,417)(1,256)(235)(1,589)(4,291)

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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