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)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,94048,34951,42856,07757,68354,448
Cash and cash equivalents32,94048,34951,42856,07757,68354,448
Restricted cash and investments3,1323,1463,1443,3433,3423,348
Receivables8,2533,5829,92413,1153,9784,050
Inventory, net of allowances, customer advances and progress billings39,63038,12335,04832,01331,91331,437
Inventory39,63038,12335,04832,01331,91331,437
Prepaid expense1,2051,2907587981,268 
Asset, held-for-sale, not part of disposal group57,72290,95419,530   
Other current assets     1,0683,004
Other undisclosed current assets(4,296)(4,318)(2,711)(3,349)(918)(866)
Total current assets:138,586181,126117,121101,99798,33495,421
Noncurrent Assets
Operating lease, right-of-use asset9,70911,41611,59311,89643,09065,878
Property, plant and equipment698,022709,694868,027945,545865,2541,072,826
Long-term investments and receivables      
Long-term investments      
Intangible assets, net (including goodwill)    (38,152)3,8426,026
Intangible assets, net (excluding goodwill)    (38,152)3,8426,026
Other noncurrent assets30,54628,84126,39814,98416,29029,686
Other undisclosed noncurrent assets21,60430,92532,218123,24488,79250,348
Total noncurrent assets:759,881780,876938,2361,057,5171,017,2681,224,764
TOTAL ASSETS:898,467962,0021,055,3571,159,5141,115,6021,320,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,96686,99586,30690,915110,896120,695
Employee-related liabilities11,25510,781
Accounts payable58,95751,91648,48051,25759,38666,811
Accrued liabilities37,00935,07937,82639,65840,25543,103
Deferred revenue4,8806,3985,1741,204385726
Debt163,550124,341145,04688,80297,218112,776
Due to related parties2,622   
Other undisclosed current liabilities3,5101,7585,5625,3545,9786,073
Total current liabilities:267,906222,114242,088186,275214,477240,270
Noncurrent Liabilities
Long-term debt and lease obligation, including:364,728441,941463,646597,816502,517523,231
Long-term debt, excluding current maturities364,728441,941463,646597,816502,517523,231
Finance lease, liability 9,900   15,300 
Other undisclosed long-term debt and lease obligation (9,900)   (32,032)(20,585)
Liabilities, other than long-term debt61,18065,56071,10672,78370,620109,768
Deferred revenue16,16716,32719,30617,60723,68221,994
Deferred income tax liabilities8,41411,56114,51216,70517,71950,803
Other liabilities28,52228,70628,82928,93829,21936,971
Operating lease, liability8,0778,9668,4599,53316,73220,585
Other undisclosed noncurrent liabilities4,6174,4893,3002,86919,81423,880
Total noncurrent liabilities:430,525511,990538,052673,468592,951656,879
Total liabilities:698,431734,104780,140859,743807,428897,149
Equity
Equity, attributable to parent, including:200,036227,898275,217299,771308,174423,036
Retained earnings (accumulated deficit)(71,119)(42,775)4,78539,90748,997164,633
Other undisclosed equity, attributable to parent271,155270,673270,432259,864259,177258,403
Total equity:200,036227,898275,217299,771308,174423,036
TOTAL LIABILITIES AND EQUITY:898,467962,0021,055,3571,159,5141,115,6021,320,185

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

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Revenues114,366114,691121,834147,173125,634134,397
Operating lease, lease income      
Cost of revenue(111,307)(104,492)(101,883)(111,816)(274,260)(102,969)
Gross profit:3,05910,19919,95135,357(148,626)31,428
Operating expenses(23,301)(50,429)(46,822)(32,910)7,429(31,215)
Other operating expense, net(1,152)(999)(233)(1,126)(3,859)(722)
Other undisclosed operating income1,1529992331,1263,859722
Operating income (loss):(20,242)(40,230)(26,871)2,447(141,197)213
Nonoperating expense(11,057)(10,094)(10,348)(12,467)(7,442)(12,691)
Investment income, nonoperating(3,257)2,8672,144(1,608)(1,044)(3,902)
Interest and debt expense34,816(12,015)(13,030)(11,276)24,369(8,716)
Income (loss) from continuing operations before equity method investments, income taxes:3,517(62,339)(50,249)(21,296)(124,270)(21,194)
Other undisclosed income (loss) from continuing operations before income taxes(34,816)12,01513,03011,276(24,369)8,716
Loss from continuing operations before income taxes:(31,299)(50,324)(37,219)(10,020)(148,639)(12,478)
Income tax expense (benefit)2,9542,7642,09793033,0032,493
Loss from continuing operations:(28,345)(47,560)(35,122)(9,090)(115,636)(9,985)
Loss before gain (loss) on sale of properties:(115,636)(9,985)
Net loss available to common stockholders, diluted:(28,345)(47,560)(35,122)(9,090)(115,636)(9,985)

Comprehensive Income ($ in thousands)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Net loss:(28,345)(47,560)(35,122)(9,090)(115,636)(9,985)
Comprehensive loss, net of tax, attributable to parent:(28,345)(47,560)(35,122)(9,090)(115,636)(9,985)

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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