Gogo Inc. (GOGO) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments435170223409456367211
Cash and cash equivalents435170184196117367211
Short-term investments  39213338  
Restricted cash and investments112   0
Receivables40101134118746949
Inventory, net of allowances, customer advances and progress billings2811719346502122
Inventory2811719346502122
Prepaid expense 118   7
Contract with customer, asset21210
Other undisclosed current assets612152025116
Total current assets:512425586593605468295
Noncurrent Assets
Operating lease, right-of-use asset3463
Property, plant and equipment63560512656520434363
Intangible assets, net (including goodwill), including:53768387867979
Goodwill1111111
Intangible assets, net (excluding goodwill)52768387857978
Other undisclosed intangible assets, net (including goodwill)0000   
Restricted cash and investments    888
Other noncurrent assets11908467281511
Other undisclosed noncurrent assets      11
Total noncurrent assets:161790680810641536473
TOTAL ASSETS:6741,2151,2651,4031,2461,004768
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities94191236229164117107
Accounts payable11172427322841
Accrued liabilities831742122021328953
Employee-related liabilities      13
Deferred revenue335
Debt34111232110
Deferred revenue and credits43332424
Other undisclosed current liabilities 266342523510
Total current liabilities:438253300316251198151
Noncurrent Liabilities
Long-term debt and lease obligation8661,1791,0251,002803543306
Long-term debt, excluding current maturities8281,1011,0251,001801543302
Capital lease obligations012 4
Operating lease, liability3878
Liabilities, other than long-term debt114680135997655
Deferred revenue and credits   15
Accounts payable and accrued liabilities      1
Asset retirement obligations      6
Deferred tax liabilities, net  877
Other liabilities114680135916926
Other undisclosed noncurrent liabilities 13512914213412258
Total noncurrent liabilities:8771,3611,2341,2781,036741418
Total liabilities:1,3151,6141,5341,5951,287938570
Stockholders' equity
Stockholders' equity attributable to parent(641)(399)(269)(192)(40)66198
Common stock0000000
Treasury stock, value(99)      
Additional paid in capital1,089979963899879861884
Accumulated other comprehensive loss(1)(2)(4)(1)(2)(2)(1)
Accumulated deficit(1,630)(1,376)(1,229)(1,089)(917)(793)(685)
Total stockholders' equity:(641)(399)(269)(192)(40)66198
TOTAL LIABILITIES AND EQUITY:6741,2151,2651,4031,2461,004768

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues270836894699597501408
Revenue, net699597501408
Cost of revenue(124)(554)(654)(493)(404)(331)(287)
Gross profit:146282240206192170121
Operating expenses(70)(245)(267)(271)(219)(214)(172)
Operating income (loss):7637(27)(64)(27)(45)(51)
Nonoperating expense(125)(182)(138)(110)(97)(62)(33)
Interest and debt expense(126)(58)(20)(112)(15)(59)(33)
Loss from continuing operations before equity method investments, income taxes:(174)(203)(185)(286)(139)(165)(116)
Other undisclosed income from continuing operations before income taxes1265820112155933
Loss from continuing operations before income taxes:(49)(145)(165)(174)(123)(106)(83)
Income tax expense (benefit)0(1)32(1)(1)(1)
Loss from continuing operations:(49)(146)(162)(172)(125)(108)(85)
Loss from discontinued operations(201)      
Loss before gain (loss) on sale of properties:(250)(146)(162)(172)(125)(108)(85)
Other undisclosed net income201      
Net loss:(49)(146)(162)(172)(125)(108)(85)
Other undisclosed net loss attributable to parent(201)      
Net loss available to common stockholders, diluted:(250)(146)(162)(172)(125)(108)(85)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(49)(146)(162)(172)(125)(108)(85)
Comprehensive loss:(49)(146)(162)(172)(125)(108)(85)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(200)1(3)10(1)(1)
Comprehensive loss, net of tax, attributable to parent:(249)(145)(165)(171)(124)(109)(85)

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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