Mesa Air Group, Inc. (MESA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
410 NORTH 44TH STREET PHOENIX, AZ 85008 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 4512 - Air Transportation, Scheduled (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56,077 | 57,683 | 120,517 | 99,395 | 68,855 | 123,232 | |||
| Cash and cash equivalents | 56,077 | 57,683 | 120,517 | 99,395 | 68,855 | 103,311 | |||
| Short-term investments | 19,921 | ||||||||
| Restricted cash and investments | 3,343 | 3,342 | 3,350 | 3,446 | 3,646 | ||||
| Receivables | 13,115 | 3,978 | 3,167 | 13,712 | 23,080 | 14,290 | |||
| Inventory, net of allowances, customer advances and progress billings | 32,013 | 31,913 | 29,297 | 27,431 | 25,336 | 18,907 | |||
| Inventory | 32,013 | 31,913 | 29,297 | 27,431 | 25,336 | 18,907 | |||
| Prepaid expense | 798 | 1,268 | 35,786 | 30,267 | |||||
| Deferred costs | 1,261 | 2,092 | 1,945 | ||||||
| Asset, held-for-sale, not part of disposal group | |||||||||
| Other current assets | 1,068 | 4,714 | 14,806 | 3,045 | 4,202 | ||||
| Other undisclosed current assets | (3,349) | (918) | (2,659) | (4,460) | (3,999) | 5,074 | |||
| Total current assets: | 101,997 | 98,334 | 158,386 | 155,591 | 157,841 | 197,917 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11,896 | 43,090 | 93,100 | 123,251 | ✕ | ||||
| Property, plant and equipment | 945,545 | 865,254 | 1,151,891 | 1,212,415 | 1,273,585 | 1,250,829 | |||
| Intangible assets, net (including goodwill) | (38,152) | 3,842 | 6,792 | 8,032 | 9,532 | 11,341 | |||
| Intangible assets, net (excluding goodwill) | (38,152) | 3,842 | 6,792 | 8,032 | 9,532 | 11,341 | |||
| Other noncurrent assets | 14,984 | 16,290 | 36,121 | 742 | 8,792 | 9,703 | |||
| Other undisclosed noncurrent assets | 123,244 | 88,792 | 10,307 | 1,899 | 2,167 | 2,598 | |||
| Total noncurrent assets: | 1,057,517 | 1,017,268 | 1,298,211 | 1,346,339 | 1,294,076 | 1,274,471 | |||
| TOTAL ASSETS: | 1,159,514 | 1,115,602 | 1,456,597 | 1,501,930 | 1,451,917 | 1,472,388 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 90,915 | 110,896 | 107,532 | 120,126 | 90,806 | 96,211 | |||
| Employee-related liabilities | ✕ | ✕ | 11,255 | 12,399 | 12,030 | 11,988 | 12,208 | ||
| Accounts payable | 51,257 | 59,386 | 61,476 | 53,229 | 49,930 | 54,307 | |||
| Accrued liabilities | 39,658 | 40,255 | 33,657 | 54,867 | 28,888 | 29,696 | |||
| Deferred revenue | 1,204 | 385 | 6,298 | ✕ | |||||
| Debt | 88,802 | 97,218 | 111,710 | 189,268 | 165,900 | 155,170 | |||
| Other undisclosed current liabilities | 5,354 | 5,978 | 32,652 | 43,932 | |||||
| Total current liabilities: | 186,275 | 214,477 | 258,192 | 353,326 | 256,706 | 251,381 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 597,816 | 502,517 | 539,700 | 542,456 | 677,423 | 760,177 | |||
| Long-term debt, excluding current maturities | 597,816 | 502,517 | 539,700 | 542,456 | 677,423 | 760,177 | |||
| Finance lease, liability | 15,300 | ✕ | |||||||
| Other undisclosed long-term debt and lease obligation | (32,032) | (33,991) | (62,531) | ||||||
| Liabilities, other than long-term debt | 72,783 | 70,620 | 132,733 | 80,053 | 36,617 | 86,363 | |||
| Deferred revenue | 17,607 | 23,682 | 28,202 | 14,369 | 12,134 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 15,393 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 39,797 | ||
| Deferred income tax liabilities | 16,705 | 17,719 | 69,940 | 64,275 | ✕ | ||||
| Other liabilities | 28,938 | 29,219 | 34,591 | 1,409 | 24,483 | 31,173 | |||
| Operating lease, liability | 9,533 | 16,732 | 33,991 | 62,531 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 2,869 | 19,814 | 37,925 | 68,236 | 55,303 | ||||
| Total noncurrent liabilities: | 673,468 | 592,951 | 710,358 | 690,745 | 769,343 | 846,540 | |||
| Total liabilities: | 859,743 | 807,428 | 968,550 | 1,044,071 | 1,026,049 | 1,097,921 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 299,771 | 308,174 | 488,047 | 457,859 | 425,868 | 374,467 | |||
| Retained earnings (accumulated deficit) | 39,907 | 48,997 | 231,675 | 215,087 | 187,364 | 139,784 | |||
| Other undisclosed equity, attributable to parent | 259,864 | 259,177 | 256,372 | 242,772 | 238,504 | 234,683 | |||
| Total equity: | 299,771 | 308,174 | 488,047 | 457,859 | 425,868 | 374,467 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,159,514 | 1,115,602 | 1,456,597 | 1,501,930 | 1,451,917 | 1,472,388 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 530,417 | 531,001 | 503,591 | 545,070 | 723,357 | 681,595 | ||
| Operating lease, lease income | 170,200 | 208,900 | 219,000 | ✕ | ||||
| Cost of revenue | (588,931) | (595,252) | (307,615) | (329,960) | (474,454) | (489,962) | ||
| Gross profit: | (58,514) | (64,251) | 195,976 | 215,110 | 248,903 | 191,633 | ||
| Operating expenses | (124,778) | (125,474) | (132,780) | (134,943) | (127,766) | (118,985) | ||
| Other operating expense, net | (6,392) | (7,238) | ||||||
| Other undisclosed operating income | 6,392 | 7,238 | ||||||
| Operating income (loss): | (183,292) | (189,725) | 63,196 | 80,167 | 121,137 | 72,648 | ||
| Nonoperating expense | (43,010) | (44,943) | (40,780) | (43,172) | (57,851) | (56,819) | ||
| Investment income, nonoperating | (8,773) | (13,576) | (6,451) | 105 | 1,501 | 114 | ||
| Interest and debt expense | (3,743) | (397) | 950 | (44,120) | (3,616) | (56,867) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (230,045) | (235,065) | 23,366 | (7,125) | 59,670 | (41,038) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3,743 | 397 | (950) | 44,120 | 3,616 | 56,867 | ||
| Income (loss) from continuing operations before income taxes: | (226,302) | (234,668) | 22,416 | 36,995 | 63,286 | 15,829 | ||
| Income tax expense (benefit) | 48,808 | 51,990 | (5,828) | (9,531) | (15,706) | 17,426 | ||
| Income (loss) from continuing operations: | (177,494) | (182,678) | 16,588 | 27,464 | 47,580 | 33,255 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (168,404) | (182,678) | 16,588 | 27,464 | 47,580 | 33,255 | |
| Net income (loss) available to common stockholders, diluted: | (177,494) | (182,678) | 16,588 | 27,464 | 47,580 | 33,255 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (177,494) | (182,678) | 16,588 | 27,464 | 47,580 | 33,255 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (177,494) | (182,678) | 16,588 | 27,464 | 47,580 | 33,255 | ||
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.