Global Eagle Entertainment Inc. (ENT) financial statements (2020 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 investments10394851236207265
Cash and cash equivalents10394851224198259
Short-term investments    12107
Restricted cash and investments11418   
Receivables9998114120938664
Inventory, net of allowances, customer advances and progress billings32352826151415
Inventory32352826151415
Prepaid expense391318   
Prepaid expense and other current assets14
Other current assets121021212724 
Total current assets:157192228254372330359
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset24
Net investment in lease1
Property, plant and equipment159177195166392421
Long-term investments and receivables57921   
Long-term investments57921   
Intangible assets, net (including goodwill)221244282495215166189
Goodwill160160160328945352
Intangible assets, net (excluding goodwill)6284123167121113136
Advance royalties   9   
Other noncurrent assets2615971414 
Prepaid expense and other noncurrent assets10
Other undisclosed noncurrent assets8083137148   
Total noncurrent assets:527525632846268204220
TOTAL ASSETS:6837178611,099640534579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1861772052401199982
Accounts payable 9610368475539
Accrued liabilities 294569   
Employee-related liabilities 881295 
Other undisclosed accounts payable and accrued liabilities186455092623943
Deferred revenue10
Debt17232021110
Derivative instruments and hedges, liabilities   0245372
Deferred revenue and credits77101311
Deferred tax liabilities    01
Contract with customer, liability7
Other liabilities958111288
Other undisclosed current liabilities5      
Total current liabilities:227212239261166174183
Noncurrent Liabilities
Long-term debt and lease obligation7366875994687121
Long-term debt, excluding current maturities7366875994687121
Finance lease, liability17
Capital lease obligations0     
Operating lease, liability22
Other undisclosed long-term debt and lease obligation(39)      
Liabilities, other than long-term debt38364871485142
Deferred revenue and credits12676
Deferred revenue0
Contract with customer, liability1
Deferred tax liabilities, net 1633222325
Deferred income tax liabilities7
Liability for uncertainty in income taxes     63
Other liabilities3135303620147
Other undisclosed noncurrent liabilities228   (6)(3)
Total noncurrent liabilities:7977316475391204740
Total liabilities:1,024943886800286221223
Stockholders' equity
Stockholders' equity attributable to parent, including:(340)(226)(25)299354313346
Common stock0000000
Treasury stock, value(31)(31)(31)(31)(31)(31)(31)
Additional paid in capital818814780747689645621
Accumulated other comprehensive income (loss)(0)(0)(0)(0)(0)0 
Accumulated deficit(1,127)(1,009)(774)(416)(303)(301)(244)
Stockholders' equity note, subscriptions receivable(1)(1)(1)(1)
Other undisclosed stockholders' equity attributable to parent    (1)(1)(0)
Stockholders' equity attributable to noncontrolling interest      10
Total stockholders' equity:(340)(226)(25)299354313356
TOTAL LIABILITIES AND EQUITY:6837178611,099640534579

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
Revenues655647619530426388260
Revenue, net619530426388260
Cost of revenue(529)(512)(462)(429)(279)(282)(198)
Cost of goods and services sold(529)(512)(462)(365)(279)(282)(198)
Other undisclosed gross profit   64   
Gross profit:12513515716414710662
Operating expenses(141)(207)(396)(263)(156)(326)(249)
Other undisclosed operating income (loss)(72)(38)(41)(64) 183142
Operating loss:(88)(110)(280)(163)(9)(37)(46)
Nonoperating income (expense)(1)(1)(0)(6)8(10)(67)
Investment income, nonoperating     (2) 
Other nonoperating expense(1)(1)(0)(6)(1)(3)(1)
Interest and debt expense(2) (14)    
Loss from continuing operations before equity method investments, income taxes:(90)(111)(295)(169)(1)(47)(113)
Income (loss) from equity method investments(42)(46)(12)4 (2) 
Other undisclosed income (loss) from continuing operations before income taxes(85)(76)(55)7 2 
Loss from continuing operations before income taxes:(218)(234)(362)(158)(1)(47)(113)
Income tax expense (benefit)(9)(3)545(2)(11)(2)
Net loss:(227)(237)(357)(113)(2)(57)(115)
Net loss attributable to noncontrolling interest     (0)(0)
Net loss available to common stockholders, basic:(227)(237)(357)(113)(2)(57)(115)
Other undisclosed net loss available to common stockholders, diluted    (12)  
Net loss available to common stockholders, diluted:(227)(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:(227)(237)(357)(113)(2)(57)(115)
Other comprehensive income (loss)0(0)0(0)(0)0 
Comprehensive loss:(226)(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:(226)(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.

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