Global Eagle Entertainment Inc. (ENT) financial statements (2021 and earlier)
Company profile
Business Address |
6080 CENTER DRIVE LOS ANGELES, CA 90045 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
SIC | 4899 - Communications Services, Not Elsewhere Classified (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 39 | 48 | 51 | 236 | 207 | 265 | |||
Cash and cash equivalents | 39 | 48 | 51 | 224 | 198 | 259 | |||
Short-term investments | 12 | 10 | 7 | ||||||
Restricted cash and investments | 1 | 4 | 18 | ||||||
Receivables | 98 | 114 | 120 | 93 | 86 | 64 | |||
Inventory, net of allowances, customer advances and progress billings | 35 | 28 | 26 | 15 | 14 | 15 | |||
Inventory | 35 | 28 | 26 | 15 | 14 | 15 | |||
Prepaid expense | 9 | 13 | 18 | ||||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 14 | ||
Other current assets | 10 | 21 | 21 | 27 | 24 | ||||
Total current assets: | 192 | 228 | 254 | 372 | 330 | 359 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 177 | 195 | 166 | 39 | 24 | 21 | |||
Long-term investments and receivables | 7 | 9 | 21 | ||||||
Long-term investments | 7 | 9 | 21 | ||||||
Intangible assets, net (including goodwill) | 244 | 282 | 495 | 215 | 166 | 189 | |||
Goodwill | 160 | 160 | 328 | 94 | 53 | 52 | |||
Intangible assets, net (excluding goodwill) | 84 | 123 | 167 | 121 | 113 | 136 | |||
Advance royalties | 9 | ||||||||
Other noncurrent assets | 15 | 9 | 7 | 14 | 14 | ||||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10 | ||
Other undisclosed noncurrent assets | 83 | 137 | 148 | ||||||
Total noncurrent assets: | 525 | 632 | 846 | 268 | 204 | 220 | |||
TOTAL ASSETS: | 717 | 861 | 1,099 | 640 | 534 | 579 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 177 | 205 | 240 | 119 | 99 | 82 | |||
Accounts payable | 96 | 103 | 68 | 47 | 55 | 39 | |||
Accrued liabilities | 29 | 45 | 69 | ||||||
Employee-related liabilities | 8 | 8 | 12 | 9 | 5 | ||||
Other undisclosed accounts payable and accrued liabilities | 45 | 50 | 92 | 62 | 39 | 43 | |||
Debt | 23 | 20 | 2 | 1 | 1 | 10 | |||
Derivative instruments and hedges, liabilities | 0 | 24 | 53 | 72 | |||||
Deferred revenue and credits | ✕ | ✕ | 7 | 7 | 10 | 13 | 11 | ||
Deferred tax liabilities | ✕ | 0 | 1 | ||||||
Contract with customer, liability | ✕ | 7 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other liabilities | 5 | 8 | 11 | 12 | 8 | 8 | |||
Total current liabilities: | 212 | 239 | 261 | 166 | 174 | 183 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 687 | 599 | 468 | 71 | 2 | 1 | |||
Long-term debt, excluding current maturities | 687 | 599 | 468 | 71 | 2 | 1 | |||
Capital lease obligations | ✕ | 0 | |||||||
Liabilities, other than long-term debt | 36 | 48 | 71 | 48 | 51 | 42 | |||
Deferred revenue and credits | ✕ | ✕ | 1 | 2 | 6 | 7 | 6 | ||
Contract with customer, liability | ✕ | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Deferred tax liabilities, net | ✕ | 16 | 33 | 22 | 23 | 25 | |||
Liability for uncertainty in income taxes | 6 | 3 | |||||||
Other liabilities | 35 | 30 | 36 | 20 | 14 | 7 | |||
Other undisclosed noncurrent liabilities | 8 | (6) | (3) | ||||||
Total noncurrent liabilities: | 731 | 647 | 539 | 120 | 47 | 40 | |||
Total liabilities: | 943 | 886 | 800 | 286 | 221 | 223 | |||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | (226) | (25) | 299 | 354 | 313 | 346 | |||
Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
Treasury stock, value | (31) | (31) | (31) | (31) | (31) | (31) | |||
Additional paid in capital | 814 | 780 | 747 | 689 | 645 | 621 | |||
Accumulated other comprehensive income (loss) | (0) | (0) | (0) | (0) | 0 | ||||
Accumulated deficit | (1,009) | (774) | (416) | (303) | (301) | (244) | |||
Stockholders' equity note, subscriptions receivable | (1) | (1) | (1) | ✕ | ✕ | ✕ | |||
Other undisclosed stockholders' equity attributable to parent | (1) | (1) | (0) | ||||||
Stockholders' equity attributable to noncontrolling interest | 10 | ||||||||
Total stockholders' equity: | (226) | (25) | 299 | 354 | 313 | 356 | |||
TOTAL LIABILITIES AND EQUITY: | 717 | 861 | 1,099 | 640 | 534 | 579 |
Income statement (P&L) ($ in millions)
9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 647 | 619 | 530 | 426 | 388 | 260 | ||
Revenue, net | ✕ | ✕ | 619 | 530 | 426 | 388 | 260 | |
Cost of revenue | (512) | (462) | (429) | (279) | (282) | (198) | ||
Cost of goods and services sold | (512) | (462) | (365) | (279) | (282) | (198) | ||
Other undisclosed gross profit | 64 | |||||||
Gross profit: | 135 | 157 | 164 | 147 | 106 | 62 | ||
Operating expenses | (207) | (396) | (263) | (156) | (326) | (249) | ||
Other undisclosed operating income (loss) | (38) | (41) | (64) | 183 | 142 | |||
Operating loss: | (110) | (280) | (163) | (9) | (37) | (46) | ||
Nonoperating income (expense) | (1) | (0) | (6) | 8 | (10) | (67) | ||
Investment income, nonoperating | (2) | |||||||
Other nonoperating expense | (1) | (0) | (6) | (1) | (3) | (1) | ||
Interest and debt expense | (14) | |||||||
Loss from continuing operations before equity method investments, income taxes: | (111) | (295) | (169) | (1) | (47) | (113) | ||
Income (loss) from equity method investments | (46) | (12) | 4 | (2) | ||||
Other undisclosed income (loss) from continuing operations before income taxes | (76) | (55) | 7 | 2 | ||||
Loss from continuing operations before income taxes: | (234) | (362) | (158) | (1) | (47) | (113) | ||
Income tax expense (benefit) | (3) | 5 | 45 | (2) | (11) | (2) | ||
Net loss: | (237) | (357) | (113) | (2) | (57) | (115) | ||
Net loss attributable to noncontrolling interest | (0) | (0) | ||||||
Net loss available to common stockholders, basic: | (237) | (357) | (113) | (2) | (57) | (115) | ||
Other undisclosed net loss available to common stockholders, diluted | (12) | |||||||
Net loss available to common stockholders, diluted: | (237) | (357) | (113) | (14) | (57) | (115) |
Comprehensive Income ($ in millions)
9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net loss: | (237) | (357) | (113) | (2) | (57) | (115) | ||
Other comprehensive income (loss) | (0) | 0 | (0) | (0) | 0 | |||
Comprehensive loss: | (237) | (357) | (113) | (2) | (57) | (115) | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 0 | ||||||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | |||||||
Comprehensive loss, net of tax, attributable to parent: | (237) | (357) | (113) | (2) | (57) | (115) |
Statements sources
The financial statements are based on the company's filings with the 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.