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)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,42856,07757,68354,44875,896102,332
Cash and cash equivalents51,42856,07757,68354,44875,896102,332
Restricted cash and investments3,1443,3433,3423,3483,3513,350
Receivables9,92413,1153,9784,0506,8492,919
Inventory, net of allowances, customer advances and progress billings35,04832,01331,91331,43731,81730,877
Inventory35,04832,01331,91331,43731,81730,877
Prepaid expense7587981,268   
Asset, held-for-sale, not part of disposal group19,530     
Other current assets   1,0683,0043,5802,633
Other undisclosed current assets(2,711)(3,349)(918)(866)(1,534)(3,816)
Total current assets:117,121101,99798,33495,421119,959138,295
Noncurrent Assets
Operating lease, right-of-use asset11,59311,89643,09065,87879,70688,469
Property, plant and equipment868,027945,545865,2541,072,8261,064,3491,157,922
Intangible assets, net (including goodwill)  (38,152)3,8426,0266,2816,537
Intangible assets, net (excluding goodwill)  (38,152)3,8426,0266,2816,537
Other noncurrent assets26,39814,98416,29029,68632,87331,752
Other undisclosed noncurrent assets32,218123,24488,79250,34850,18811,520
Total noncurrent assets:938,2361,057,5171,017,2681,224,7641,233,3971,296,200
TOTAL ASSETS:1,055,3571,159,5141,115,6021,320,1851,353,3561,434,495
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities86,30690,915110,896120,695118,424106,854
Employee-related liabilities11,25510,78110,2857,638
Accounts payable48,48051,25759,38666,81176,73362,933
Accrued liabilities37,82639,65840,25543,10331,40636,283
Deferred revenue5,1741,2043857262,6755,528
Debt145,04688,80297,218112,776111,671111,059
Due to related parties     
Other undisclosed current liabilities5,5625,3545,9786,07316,60126,935
Total current liabilities:242,088186,275214,477240,270249,371250,376
Noncurrent Liabilities
Long-term debt and lease obligation, including:463,646597,816502,517523,231521,457547,409
Long-term debt, excluding current maturities463,646597,816502,517523,231521,457547,409
Finance lease, liability   15,300   
Other undisclosed long-term debt and lease obligation   (32,032)(20,585)(29,936)(34,405)
Liabilities, other than long-term debt71,10672,78370,620109,768116,543124,110
Deferred revenue19,30617,60723,68221,99426,86824,788
Deferred income tax liabilities14,51216,70517,71950,80353,28165,716
Other liabilities28,82928,93829,21936,97136,39433,606
Operating lease, liability8,4599,53316,73220,58529,93634,405
Other undisclosed noncurrent liabilities3,3002,86919,81423,88033,44438,126
Total noncurrent liabilities:538,052673,468592,951656,879671,444709,645
Total liabilities:780,140859,743807,428897,149920,815960,021
Equity
Equity, attributable to parent, including:275,217299,771308,174423,036432,541474,474
Retained earnings (accumulated deficit)4,78539,90748,997164,633174,618217,401
Other undisclosed equity, attributable to parent270,432259,864259,177258,403257,923257,073
Total equity:275,217299,771308,174423,036432,541474,474
TOTAL LIABILITIES AND EQUITY:1,055,3571,159,5141,115,6021,320,1851,353,3561,434,495

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

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Revenues121,834147,173125,634134,397123,213147,757
Cost of revenue(101,883)(111,816)(274,260)(102,969)(99,886)(118,132)
Gross profit:19,95135,357(148,626)31,42823,32729,625
Operating expenses(46,822)(32,910)7,429(31,215)(68,082)(33,611)
Other operating expense, net(233)(1,126)(3,859)(722)(685) 
Other undisclosed operating income2331,1263,859722685 
Operating income (loss):(26,871)2,447(141,197)213(44,755)(3,986)
Nonoperating expense(10,348)(12,467)(7,442)(12,691)(10,410)(14,400)
Investment income, nonoperating2,144(1,608)(1,044)(3,902)(2,219)(6,411)
Interest and debt expense(13,030)(11,276)24,369(8,716)(8,120)(7,930)
Loss from continuing operations before equity method investments, income taxes:(50,249)(21,296)(124,270)(21,194)(63,285)(26,316)
Other undisclosed income (loss) from continuing operations before income taxes13,03011,276(24,369)8,7168,1207,930
Loss from continuing operations before income taxes:(37,219)(10,020)(148,639)(12,478)(55,165)(18,386)
Income tax benefit2,09793033,0032,49312,3824,112
Loss from continuing operations:(35,122)(9,090)(115,636)(9,985)(42,783)(14,274)
Loss before gain (loss) on sale of properties:(115,636)(9,985)(42,783)(14,274)
Net loss available to common stockholders, diluted:(35,122)(9,090)(115,636)(9,985)(42,783)(14,274)

Comprehensive Income ($ in thousands)

6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
Net loss:(35,122)(9,090)(115,636)(9,985)(42,783)(14,274)
Comprehensive loss, net of tax, attributable to parent:(35,122)(9,090)(115,636)(9,985)(42,783)(14,274)

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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