Gogo Inc. (GOGO) financial statements (2022 and earlier)

Company profile

Business Address 105 EDGEVIEW DR., SUITE 300
BROOMFIELD, CO 80021
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments146435170223409456367
Cash and cash equivalents146435170184196117367
Short-term investments   39213338 
Restricted cash and investments0112   
Receivables40401011341187469
Inventory, net of allowances, customer advances and progress billings3428117193465021
Inventory3428117193465021
Prepaid expense  118   
Contract with customer, asset521210
Other undisclosed current assets2661215202511
Total current assets:250512425586593605468
Noncurrent Assets
Operating lease, right-of-use asset713463
Property, plant and equipment6463560512656520434
Intangible assets, net (including goodwill), including:50537683878679
Goodwill1111111
Intangible assets, net (excluding goodwill)49527683878579
Other undisclosed intangible assets, net (including goodwill)00000  
Restricted cash and investments     88
Deferred income tax assets185  
Other noncurrent assets28119084672815
Total noncurrent assets:398161790680810641536
TOTAL ASSETS:6486741,2151,2651,4031,2461,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7794191236229164117
Accounts payable17111724273228
Accrued liabilities608317421220213289
Deferred revenue2335
Debt110341112321
Deferred revenue and credits433324
Other undisclosed current liabilities  2663425235
Total current liabilities:189438253300316251198
Noncurrent Liabilities
Long-term debt and lease obligation7728661,1791,0251,002803543
Long-term debt, excluding current maturities6958281,1011,0251,001801543
Capital lease obligations012 
Operating lease, liability773878
Liabilities, other than long-term debt71146801359976
Deferred tax liabilities, net  87
Other liabilities71146801359169
Other undisclosed noncurrent liabilities  135129142134122
Total noncurrent liabilities:7798771,3611,2341,2781,036741
Total liabilities:9681,3151,6141,5341,5951,287938
Stockholders' equity
Stockholders' equity attributable to parent(320)(641)(399)(269)(192)(40)66
Common stock0000000
Treasury stock, value(129)(99)     
Additional paid in capital1,2581,089979963899879861
Accumulated other comprehensive income (loss)2(1)(2)(4)(1)(2)(2)
Accumulated deficit(1,452)(1,630)(1,376)(1,229)(1,089)(917)(793)
Total stockholders' equity:(320)(641)(399)(269)(192)(40)66
TOTAL LIABILITIES AND EQUITY:6486741,2151,2651,4031,2461,004

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues336270836894699597501
Revenue, net699597501
Cost of revenue(110)(124)(554)(654)(493)(404)(331)
Gross profit:226146282240206192170
Operating expenses(106)(70)(245)(267)(271)(219)(214)
Operating income (loss):1217637(27)(64)(27)(45)
Nonoperating expense(151)(125)(182)(138)(110)(97)(62)
Interest and debt expense(84)(126)(58)(20)(112)(15)(59)
Loss from continuing operations before equity method investments, income taxes:(115)(174)(203)(185)(286)(139)(165)
Other undisclosed income from continuing operations before income taxes8412658201121559
Loss from continuing operations before income taxes:(31)(49)(145)(165)(174)(123)(106)
Income tax expense (benefit)1870(1)32(1)(1)
Income (loss) from continuing operations:157(49)(146)(162)(172)(125)(108)
Loss from discontinued operations(4)(201)     
Income (loss) before gain (loss) on sale of properties:153(250)(146)(162)(172)(125)(108)
Other undisclosed net income4201     
Net income (loss):157(49)(146)(162)(172)(125)(108)
Other undisclosed net loss attributable to parent(4)(201)     
Net income (loss) available to common stockholders, diluted:153(250)(146)(162)(172)(125)(108)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):157(49)(146)(162)(172)(125)(108)
Comprehensive income (loss):157(49)(146)(162)(172)(125)(108)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(200)1(3)10(1)
Comprehensive income (loss), net of tax, attributable to parent:156(249)(145)(165)(171)(124)(109)

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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