Mesa Air Group Inc. (MESA) Financial Statements (2025 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)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18,529 | 16,068 | 32,940 | 48,349 | 51,428 | 56,077 | |||
| Cash and cash equivalent | 18,529 | 16,068 | 32,940 | 48,349 | 51,428 | 56,077 | |||
| Restricted cash and investments | 2,984 | 3,134 | 3,132 | 3,146 | 3,144 | 3,343 | |||
| Receivables | 4,650 | 5,517 | 8,253 | 3,582 | 9,924 | 13,115 | |||
| Inventory, net of allowances, customer advances and progress billings | 40,968 | 40,215 | 39,630 | 38,123 | 35,048 | 32,013 | |||
| Inventory | 40,968 | 40,215 | 39,630 | 38,123 | 35,048 | 32,013 | |||
| Prepaid expense | 520 | 761 | 1,205 | 1,290 | 758 | 798 | |||
| Asset, held-for-sale, not part of disposal group | 38,250 | 92,260 | 57,722 | 90,954 | 19,530 | ||||
| Other undisclosed current assets | (7,464) | (7,670) | (4,296) | (4,318) | (2,711) | (3,349) | |||
| Total current assets: | 98,437 | 150,285 | 138,586 | 181,126 | 117,121 | 101,997 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,074 | 8,959 | 9,709 | 11,416 | 11,593 | 11,896 | |||
| Property, plant and equipment | 529,479 | 534,459 | 698,022 | 709,694 | 868,027 | 945,545 | |||
| Long-term investments and receivables | 11,397 | 23,021 | |||||||
| Long-term investments | 11,397 | 23,021 | |||||||
| Intangible assets, net (including goodwill) | (38,152) | ||||||||
| Intangible assets, net (excluding goodwill) | (38,152) | ||||||||
| Other noncurrent assets | 20,558 | 32,764 | 30,546 | 28,841 | 26,398 | 14,984 | |||
| Other undisclosed noncurrent assets | 38,328 | 26,145 | 21,604 | 30,925 | 32,218 | 123,244 | |||
| Total noncurrent assets: | 607,836 | 625,348 | 759,881 | 780,876 | 938,236 | 1,057,517 | |||
| TOTAL ASSETS: | 706,273 | 775,633 | 898,467 | 962,002 | 1,055,357 | 1,159,514 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 100,693 | 92,934 | 95,966 | 86,995 | 86,306 | 90,915 | |||
| Accounts payable | 57,347 | 54,451 | 58,957 | 51,916 | 48,480 | 51,257 | |||
| Accrued liabilities | 43,346 | 38,483 | 37,009 | 35,079 | 37,826 | 39,658 | |||
| Deferred revenue | 2,809 | 3,983 | 4,880 | 6,398 | 5,174 | 1,204 | |||
| Debt | 94,373 | 156,789 | 163,550 | 124,341 | 145,046 | 88,802 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 2,622 | ✕ | |||
| Other undisclosed current liabilities | (1,072) | 188 | 3,510 | 1,758 | 5,562 | 5,354 | |||
| Total current liabilities: | 196,803 | 253,894 | 267,906 | 222,114 | 242,088 | 186,275 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 299,040 | 315,464 | 364,728 | 441,941 | 463,646 | 597,816 | |||
| Long-term debt, excluding current maturities | 299,040 | 315,464 | 364,728 | 441,941 | 463,646 | 597,816 | |||
| Finance lease, liability | 9,900 | ||||||||
| Other undisclosed long-term debt and lease obligation | (9,900) | ||||||||
| Liabilities, other than long-term debt | 52,038 | 59,199 | 61,180 | 65,560 | 71,106 | 72,783 | |||
| Deferred revenue | 7,347 | 14,062 | 16,167 | 16,327 | 19,306 | 17,607 | |||
| Deferred income tax liabilities | 8,907 | 8,842 | 8,414 | 11,561 | 14,512 | 16,705 | |||
| Other liabilities | 28,475 | 28,589 | 28,522 | 28,706 | 28,829 | 28,938 | |||
| Operating lease, liability | 7,309 | 7,706 | 8,077 | 8,966 | 8,459 | 9,533 | |||
| Other undisclosed noncurrent liabilities | 3,720 | 4,464 | 4,617 | 4,489 | 3,300 | 2,869 | |||
| Total noncurrent liabilities: | 354,798 | 379,127 | 430,525 | 511,990 | 538,052 | 673,468 | |||
| Total liabilities: | 551,601 | 633,021 | 698,431 | 734,104 | 780,140 | 859,743 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 154,672 | 142,612 | 200,036 | 227,898 | 275,217 | 299,771 | |||
| Retained earnings (accumulated deficit) | (117,309) | (128,969) | (71,119) | (42,775) | 4,785 | 39,907 | |||
| Other undisclosed equity, attributable to parent | 271,981 | 271,581 | 271,155 | 270,673 | 270,432 | 259,864 | |||
| Total equity: | 154,672 | 142,612 | 200,036 | 227,898 | 275,217 | 299,771 | |||
| TOTAL LIABILITIES AND EQUITY: | 706,273 | 775,633 | 898,467 | 962,002 | 1,055,357 | 1,159,514 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 131,582 | 118,777 | 114,366 | 114,691 | 121,834 | 147,173 | ||
| Operating lease, lease income | 33,700 | 34,900 | ||||||
| Cost of revenue | (96,324) | (101,153) | (111,307) | (104,492) | (101,883) | (111,816) | ||
| Gross profit: | 35,258 | 17,624 | 3,059 | 10,199 | 19,951 | 35,357 | ||
| Operating expenses | (23,615) | (66,072) | (23,301) | (50,429) | (46,822) | (32,910) | ||
| Other operating expense, net | (1,315) | (2,458) | (1,152) | (999) | (233) | (1,126) | ||
| Other undisclosed operating income | 1,315 | 2,458 | 1,152 | 999 | 233 | 1,126 | ||
| Operating income (loss): | 11,643 | (48,448) | (20,242) | (40,230) | (26,871) | 2,447 | ||
| Nonoperating income (expense) | 89 | (8,538) | (11,057) | (10,094) | (10,348) | (12,467) | ||
| Investment income, nonoperating | 14 | 14 | (3,257) | 2,867 | 2,144 | (1,608) | ||
| Other nonoperating income (expense) | (516) | 157 | 392 | (946) | 538 | 417 | ||
| Interest and debt expense | (10,640) | (8,206) | 34,816 | (12,015) | (13,030) | (11,276) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,092 | (65,192) | 3,517 | (62,339) | (50,249) | (21,296) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 10,640 | 8,206 | (34,816) | 12,015 | 13,030 | 11,276 | ||
| Income (loss) from continuing operations before income taxes: | 11,732 | (56,986) | (31,299) | (50,324) | (37,219) | (10,020) | ||
| Income tax expense (benefit) | (72) | (864) | 2,954 | 2,764 | 2,097 | 930 | ||
| Net income (loss) available to common stockholders, diluted: | 11,660 | (57,850) | (28,345) | (47,560) | (35,122) | (9,090) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 11,660 | (57,850) | (28,345) | (47,560) | (35,122) | (9,090) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 11,660 | (57,850) | (28,345) | (47,560) | (35,122) | (9,090) | ||
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.