Gogo Inc. (GOGO) financial statements (2020 and earlier)

Company profile

Business Address 111 N. CANAL ST., SUITE 1500
CHICAGO, IL 60606
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)

12/31/2019
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 investments170223409456367211266
Cash and cash equivalents170184196117367211266
Short-term investments 39213338   
Restricted cash and investments12   0 
Receivables10113411874694926
Inventory, net of allowances, customer advances and progress billings1171934650212214
Inventory1171934650212214
Prepaid expense118   78
Contract with customer, asset1210
Other undisclosed current assets121520251169
Total current assets:425586593605468295322
Noncurrent Assets
Operating lease, right-of-use asset63
Property, plant and equipment560512656520434363266
Intangible assets, net (including goodwill), including:76838786797973
Goodwill1111111
Intangible assets, net (excluding goodwill)76838785797873
Other undisclosed intangible assets, net (including goodwill)000   
Restricted cash and investments   8885
Other noncurrent assets90846728151110
Other undisclosed noncurrent assets     1113
Total noncurrent assets:790680810641536473367
TOTAL ASSETS:1,2151,2651,4031,2461,004768689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19123622916411710789
Accounts payable17242732284122
Accrued liabilities174212202132895349
Employee-related liabilities     1317
Deferred revenue35
Debt112321108
Deferred revenue and credits4333242412
Other undisclosed current liabilities2663425235102
Total current liabilities:253300316251198151110
Noncurrent Liabilities
Long-term debt and lease obligation1,1791,0251,002803543306239
Long-term debt, excluding current maturities1,1011,0251,001801543302236
Capital lease obligations012 43
Operating lease, liability78
Liabilities, other than long-term debt468013599765530
Deferred revenue and credits   156
Accounts payable and accrued liabilities     1 
Asset retirement obligations     64
Deferred tax liabilities, net  8776
Other liabilities468013591692614
Other undisclosed noncurrent liabilities1351291421341225840
Total noncurrent liabilities:1,3611,2341,2781,036741418309
Total liabilities:1,6141,5341,5951,287938570419
Stockholders' equity
Stockholders' equity attributable to parent(399)(269)(192)(40)66198270
Common stock0000000
Additional paid in capital979963899879861884871
Accumulated other comprehensive loss(2)(4)(1)(2)(2)(1)(0)
Accumulated deficit(1,376)(1,229)(1,089)(917)(793)(685)(601)
Total stockholders' equity:(399)(269)(192)(40)66198270
TOTAL LIABILITIES AND EQUITY:1,2151,2651,4031,2461,004768689

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues836894699597501408328
Revenue, net699597501408328
Cost of revenue(554)(654)(493)(404)(331)(287)(230)
Gross profit:28224020619217012198
Operating expenses(245)(267)(271)(219)(214)(172)(143)
Operating income (loss):37(27)(64)(27)(45)(51)(45)
Nonoperating expense(182)(138)(110)(97)(62)(33)(66)
Investment income, nonoperating443200(36)
Interest and debt expense(58)(20)(112)(15)(59)(33)(29)
Loss from continuing operations before equity method investments, income taxes:(203)(185)(286)(139)(165)(116)(139)
Other undisclosed income from continuing operations before income taxes582011215593329
Loss from continuing operations before income taxes:(145)(165)(174)(123)(106)(83)(110)
Income tax expense (benefit)(1)32(1)(1)(1)(1)
Net loss attributable to parent:(146)(162)(172)(125)(108)(85)(111)
Preferred stock dividends and other adjustments      (35)
Net loss available to common stockholders, diluted:(146)(162)(172)(125)(108)(85)(146)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(146)(162)(172)(125)(108)(85)(111)
Comprehensive loss:(146)(162)(172)(125)(108)(85)(111)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(3)10(1)(1)(0)
Comprehensive loss, net of tax, attributable to parent:(145)(165)(171)(124)(109)(85)(112)

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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