Gogo inc. (GOGO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12
Assets
Current assets:
Cash and cash equivalents

214,229

170,016

217,662

181,867

188,690

184,155

102,664

140,420

117,039

196,356

222,378

96,416

105,929

117,302

146,830

508,601

312,671

147,342

387,955

392,117

400,056

211,236

243,206

196,163

219,572

266,342

284,691

312,154

112,576

Short-term investments

-

-

-

-

-

39,323

88,575

123,191

182,633

212,792

188,496

283,241

333,275

338,477

338,725

-

-

219,491

-

-

-

-

-

-

-

-

-

-

-

Total cash, cash equivalents and short-term investments

-

-

217,662

181,867

188,690

223,478

191,239

263,611

299,672

409,148

410,874

379,657

439,204

455,779

485,555

-

-

366,833

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145

193

-

Accounts receivable, net of allowances of $3,970 and $686, respectively

92,619

101,360

102,708

113,975

123,791

134,308

146,172

141,134

131,738

117,896

112,029

87,097

76,665

73,743

62,687

65,107

70,873

69,317

51,812

46,695

42,233

48,509

36,504

31,775

29,669

25,690

27,380

25,466

24,253

Inventories

123,179

117,144

133,413

151,533

147,354

193,045

209,734

178,506

168,782

45,543

48,621

52,041

51,235

50,266

35,590

25,092

21,970

20,937

21,911

22,736

24,124

21,913

17,246

12,606

11,693

13,646

14,888

16,443

12,149

Prepaid expenses and other current assets, net of allowances of $997 and $0, respectively

36,462

36,305

25,018

30,458

32,140

34,695

32,490

35,092

28,638

20,310

20,414

20,870

17,152

24,942

28,923

23,379

20,773

10,920

9,589

13,450

12,615

13,236

12,367

15,549

18,272

16,287

10,753

6,516

6,367

Total current assets

466,489

424,825

478,801

477,833

491,975

585,526

579,635

618,343

628,830

592,897

591,938

539,665

584,256

604,730

612,755

622,179

426,287

468,007

471,267

474,998

479,028

294,894

309,323

256,093

279,206

321,965

337,857

360,772

155,345

Non-current assets:
Property and equipment, net

505,584

560,318

553,040

549,908

565,485

511,867

506,703

532,148

530,687

656,038

614,311

583,245

542,438

519,810

493,225

467,105

449,791

434,490

419,399

406,597

396,001

363,108

327,707

304,693

283,494

265,634

251,010

238,053

197,674

Goodwill and intangible assets, net

75,083

76,499

80,381

81,161

82,888

83,491

84,130

83,078

84,498

87,133

-

-

-

85,795

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

58,085

63,386

84,483

68,702

70,129

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

90,661

90,296

87,192

-

84,170

82,535

80,787

78,823

78,200

78,775

79,222

78,464

78,122

76,637

74,369

72,848

68,652

67,080

58,147

Goodwill

-

-

-

-

-

-

-

-

-

-

620

620

620

-

620

620

620

620

620

620

620

620

620

620

620

620

4,319

3,669

620

Long-term restricted cash

-

-

-

-

-

-

-

-

-

-

6,873

6,873

7,273

-

7,535

7,535

7,535

7,535

7,535

7,874

7,874

7,874

7,899

7,899

7,899

5,418

1,390

1,390

640

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,662

16,903

18,008

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,017

11,272

12,133

12,969

13,808

14,630

8,826

Other non-current assets, net of allowances of $6,111 and $0, respectively

86,229

89,672

83,669

104,544

86,333

84,212

77,994

70,739

56,127

67,107

58,508

56,557

48,291

35,861

25,919

25,353

21,002

14,878

13,159

10,008

9,405

11,384

9,298

10,643

11,710

9,546

12,068

17,822

10,863

Total non-current assets

724,981

789,875

801,573

804,315

804,835

679,570

668,827

685,965

671,312

810,278

770,973

737,591

685,814

641,466

611,469

583,148

559,735

536,346

536,575

520,777

511,130

461,450

435,663

411,764

390,225

367,035

351,247

342,644

276,770

Total assets

1,191,470

1,214,700

1,280,374

1,282,148

1,296,810

1,265,096

1,248,462

1,304,308

1,300,142

1,403,175

1,362,911

1,277,256

1,270,070

1,246,196

1,224,224

1,205,327

986,022

1,004,353

1,007,842

995,775

990,158

756,344

744,986

667,857

669,431

689,000

689,104

703,416

432,115

Liabilities and Stockholders' deficit Current liabilities:
Current liabilities:
Accounts payable

35,995

17,160

25,521

29,617

27,861

23,860

31,911

37,257

42,149

27,130

23,845

29,471

37,890

31,689

30,952

22,882

26,108

28,189

27,154

19,888

21,856

41,026

28,425

21,382

16,428

22,251

15,210

17,609

16,691

Accrued liabilities

176,238

174,111

200,753

185,193

183,067

213,111

184,912

205,018

163,521

201,815

148,264

148,569

110,880

147,576

108,581

85,131

81,567

88,690

74,303

67,650

57,418

52,894

49,795

46,280

42,054

49,146

49,888

53,231

39,691

Accrued airline revenue share

-

-

-

-

-

-

-

-

-

-

16,714

15,504

14,606

-

15,236

14,717

13,894

13,708

13,240

12,476

13,227

13,273

11,571

10,630

9,969

9,958

-

-

6,261

Deferred revenue

28,472

34,789

32,499

30,551

37,602

38,571

34,815

37,275

36,227

43,448

39,062

36,817

36,052

32,722

28,913

26,521

24,913

24,055

27,536

32,477

29,895

20,181

19,064

13,702

13,094

11,718

12,043

8,577

6,663

Deferred airborne lease incentives

30,718

26,582

24,954

24,737

22,726

24,145

25,877

27,207

29,472

42,096

39,071

35,342

33,136

36,277

27,888

25,734

23,914

21,659

19,124

17,683

16,090

13,767

11,645

10,635

9,956

9,005

8,374

7,741

5,917

Current portion capital leases

-

-

-

-

-

-

1,233

1,442

1,468

1,789

2,149

2,613

-

2,799

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

2,961

-

2,775

2,752

9,101

21,277

9,873

8,922

9,799

10,345

9,399

8,447

8,315

7,887

7,608

6,926

4,091

Total current liabilities

271,423

252,642

283,727

270,098

271,256

299,687

278,748

308,199

272,837

316,278

269,105

268,316

235,525

251,063

214,345

177,737

179,497

197,578

171,230

159,096

148,285

151,486

129,899

111,076

99,816

109,965

93,123

94,084

79,314

Non-current liabilities:
Long-term debt

1,124,713

1,101,248

1,096,166

1,092,321

1,030,359

1,024,893

1,018,011

1,012,155

1,006,442

1,000,868

995,546

880,371

875,199

800,715

796,201

790,951

546,274

542,573

566,749

564,510

562,715

290,626

304,661

232,275

233,951

235,627

237,303

238,979

131,450

Deferred airborne lease incentives

145,172

135,399

133,328

137,231

131,743

129,086

129,865

128,279

124,653

142,938

121,588

117,459

114,115

135,879

135,719

135,425

131,908

121,732

107,610

100,591

91,720

83,794

66,995

61,544

58,122

53,012

51,134

48,504

40,043

Non-current operating lease liabilities

82,975

77,808

96,208

97,619

99,870

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,975

3,933

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

9,001

8,791

8,581

-

8,055

7,845

7,635

7,425

7,218

7,011

6,805

6,598

6,391

6,184

5,977

5,770

5,602

5,351

4,949

Asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,672

4,631

-

Other non-current liabilities

53,793

46,493

53,774

48,486

47,556

80,191

83,119

83,887

87,546

134,655

123,198

118,833

113,299

98,932

87,877

83,358

73,713

68,850

59,850

45,051

40,870

26,082

18,126

16,153

16,253

14,436

3,914

1,103

7,758

Total non-current liabilities

1,406,653

1,360,948

1,379,476

1,375,657

1,309,528

1,234,170

1,230,995

1,224,321

1,218,641

1,278,461

1,249,333

1,125,454

1,111,194

1,035,526

1,027,852

1,017,579

759,530

740,580

741,427

717,163

702,110

407,100

396,173

316,156

314,303

308,845

306,600

302,501

184,200

Total liabilities

1,678,076

1,613,590

1,663,203

1,645,755

1,580,784

1,533,857

1,509,743

1,532,520

1,491,478

1,594,739

1,518,438

1,393,770

1,346,719

1,286,589

1,242,197

1,195,316

939,027

938,158

912,657

876,259

850,395

558,586

526,072

427,232

414,119

418,810

399,723

396,585

263,514

Commitments and contingencies (Note 13)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

0

0

0

Redeemable preferred stock, value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

614,378

Stockholders' deficit
Common stock, par value $0.0001 per share; 500,000,000 shares authorized at March 31, 2020 and December 31, 2019; 83,825,592 and 88,292,821 shares issued at March 31, 2020 and December 31, 2019, respectively; and 83,773,648 and 88,240,877 shares outstanding at March 31, 2020 and December 31, 2019, respectively

8

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

8

8

8

-

Additional paid-in-capital

1,081,955

979,499

975,462

971,130

967,727

963,458

911,341

907,071

903,045

898,729

893,713

888,100

884,020

879,135

874,272

868,883

865,737

861,243

856,267

851,316

-

884,205

-

-

-

-

-

-

-

Additional paid-in-capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

846,950

-

880,828

877,167

873,554

871,325

868,147

866,960

9,110

Accumulated other comprehensive loss

-5,127

-2,256

-2,880

-2,217

-3,144

-3,554

-2,768

-3,146

-1,767

-933

-1,018

-1,673

-1,937

-2,163

-1,812

-1,712

-1,776

-2,188

-2,101

-1,689

-1,848

-1,200

-778

-305

-667

-425

-161

-242

-20

Treasury stock, at cost

98,857

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-1,464,585

-1,376,142

-1,355,420

-1,332,529

-1,248,566

-1,228,674

-1,169,863

-1,132,146

-1,092,623

-1,089,369

-1,048,231

-1,002,950

-958,741

-917,374

-890,442

-857,169

-816,975

-792,869

-758,990

-730,120

-705,348

-685,256

-661,145

-636,246

-617,584

-600,718

-578,613

-559,895

-454,867

Total stockholders' deficit

-486,606

-398,890

-382,829

-363,607

-283,974

-268,761

-261,281

-228,212

-191,336

-191,564

-155,527

-116,514

-76,649

-40,393

-17,973

10,011

46,995

66,195

95,185

119,516

139,763

197,758

218,914

240,625

255,312

270,190

289,381

306,831

-445,777

Total liabilities and stockholders' deficit

1,191,470

1,214,700

1,280,374

1,282,148

1,296,810

1,265,096

1,248,462

1,304,308

1,300,142

1,403,175

1,362,911

1,277,256

1,270,070

1,246,196

1,224,224

1,205,327

986,022

1,004,353

1,007,842

995,775

990,158

756,344

744,986

667,857

669,431

689,000

689,104

703,416

432,115