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
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57,683120,51799,39568,855123,232
Cash and cash equivalents57,683120,51799,39568,855103,311
Short-term investments     19,921
Restricted cash and investments3,3423,3503,4463,646 
Receivables3,9783,16713,71223,08014,290
Inventory, net of allowances, customer advances and progress billings31,91329,29727,43125,33618,907
Inventory31,91329,29727,43125,33618,907
Prepaid expense1,268  35,78630,267
Deferred costs   1,2612,0921,945
Asset, held-for-sale, not part of disposal group     
Other current assets 1,0684,71414,8063,0454,202
Other undisclosed current assets(918)(2,659)(4,460)(3,999)5,074
Total current assets:98,334158,386155,591157,841197,917
Noncurrent Assets
Operating lease, right-of-use asset43,09093,100123,251 
Property, plant and equipment865,2541,151,8911,212,4151,273,5851,250,829
Intangible assets, net (including goodwill) 3,8426,7928,0329,53211,341
Intangible assets, net (excluding goodwill) 3,8426,7928,0329,53211,341
Other noncurrent assets16,29036,1217428,7929,703
Other undisclosed noncurrent assets88,79210,3071,8992,1672,598
Total noncurrent assets:1,017,2681,298,2111,346,3391,294,0761,274,471
TOTAL ASSETS:1,115,6021,456,5971,501,9301,451,9171,472,388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities110,896107,532120,12690,80696,211
Employee-related liabilities11,25512,39912,03011,98812,208
Accounts payable59,38661,47653,22949,93054,307
Accrued liabilities40,25533,65754,86728,88829,696
Deferred revenue3856,298  
Debt97,218111,710189,268165,900155,170
Other undisclosed current liabilities5,97832,65243,932  
Total current liabilities:214,477258,192353,326256,706251,381
Noncurrent Liabilities
Long-term debt and lease obligation, including:502,517539,700542,456677,423760,177
Long-term debt, excluding current maturities502,517539,700542,456677,423760,177
Finance lease, liability15,300   
Other undisclosed long-term debt and lease obligation(32,032)(33,991)(62,531)  
Liabilities, other than long-term debt70,620132,73380,05336,61786,363
Deferred revenue23,68228,20214,36912,134
Contract with customer, liability15,393
Deferred tax liabilities, net39,797
Deferred income tax liabilities17,71969,94064,275 
Other liabilities29,21934,5911,40924,48331,173
Operating lease, liability16,73233,99162,531 
Other undisclosed noncurrent liabilities19,81437,92568,23655,303 
Total noncurrent liabilities:592,951710,358690,745769,343846,540
Total liabilities:807,428968,5501,044,0711,026,0491,097,921
Equity
Equity, attributable to parent, including:308,174488,047457,859425,868374,467
Retained earnings (accumulated deficit)48,997231,675215,087187,364139,784
Other undisclosed equity, attributable to parent259,177256,372242,772238,504234,683
Total equity:308,174488,047457,859425,868374,467
TOTAL LIABILITIES AND EQUITY:1,115,6021,456,5971,501,9301,451,9171,472,388

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

9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues531,001503,591545,070723,357681,595
Operating lease, lease income  170,200208,900219,000
Cost of revenue(595,252)(307,615)(329,960)(474,454)(489,962)
Gross profit:(64,251)195,976215,110248,903191,633
Operating expenses(125,474)(132,780)(134,943)(127,766)(118,985)
Other operating expense, net(7,238)    
Other undisclosed operating income7,238    
Operating income (loss):(189,725)63,19680,167121,13772,648
Nonoperating expense(44,943)(40,780)(43,172)(57,851)(56,819)
Investment income, nonoperating(13,576)(6,451)1051,501114
Interest and debt expense(397)950(44,120)(3,616)(56,867)
Income (loss) from continuing operations before equity method investments, income taxes:(235,065)23,366(7,125)59,670(41,038)
Other undisclosed income (loss) from continuing operations before income taxes397(950)44,1203,61656,867
Income (loss) from continuing operations before income taxes:(234,668)22,41636,99563,28615,829
Income tax expense (benefit)51,990(5,828)(9,531)(15,706)17,426
Income (loss) from continuing operations:(182,678)16,58827,46447,58033,255
Income (loss) before gain (loss) on sale of properties:(182,678)16,58827,46447,58033,255
Net income (loss) available to common stockholders, diluted:(182,678)16,58827,46447,58033,255

Comprehensive Income ($ in thousands)

9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(182,678)16,58827,46447,58033,255
Comprehensive income (loss), net of tax, attributable to parent:(182,678)16,58827,46447,58033,255

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.

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