Gogo inc. (GOGO)
Income statement / Quarterly
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'13Mar'13Sep'12Jun'12
Revenue:
Total revenue

184,475

221,310

201,182

213,685

199,549

217,224

217,257

227,458

231,825

-

172,874

172,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service revenue

-

-

-

-

-

-

-

-

-

-

-

-

146,495

-

129,099

127,587

118,720

115,931

107,243

101,395

95,406

89,705

81,586

79,165

72,291

69,656

63,790

62,000

54,935

41,934

40,249

Equipment revenue

-

-

-

-

-

-

-

-

-

-

-

-

18,911

-

18,168

19,952

23,026

21,848

19,164

19,796

20,105

19,528

22,449

20,364

23,403

22,898

21,589

17,437

15,819

15,906

17,630

Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

165,406

-

147,267

147,539

141,746

137,779

126,407

121,191

115,511

109,233

104,035

99,529

95,694

92,554

85,379

79,437

70,754

57,840

57,879

Operating expenses:
Cost of service revenue (exclusive of items shown below)

70,755

84,342

73,891

71,494

68,121

73,569

69,476

73,650

74,947

66,540

67,854

69,127

64,813

61,463

56,365

53,396

54,854

49,773

46,470

45,228

46,332

48,686

42,747

41,567

39,628

42,736

35,191

31,135

25,970

21,075

19,237

Cost of equipment revenue (exclusive of items shown below)

26,040

40,596

28,830

35,571

29,731

51,641

53,960

64,350

52,293

16,931

15,326

14,649

11,648

11,898

10,527

12,477

13,748

10,953

9,813

10,266

9,526

9,204

11,906

8,627

9,986

10,565

9,614

8,048

7,729

8,258

7,284

Engineering, design and development

22,863

28,093

28,877

26,912

24,728

31,886

30,018

28,409

29,777

30,024

31,313

35,685

36,264

24,512

25,835

24,718

21,648

26,630

23,375

18,816

18,616

23,438

16,193

15,789

14,099

17,807

11,322

12,333

12,285

9,129

7,738

Sales and marketing

9,652

11,510

12,334

12,994

12,318

13,532

13,963

15,427

15,901

16,764

16,294

16,564

14,395

14,811

14,874

16,750

14,742

16,465

14,601

13,263

11,814

14,024

10,354

9,687

8,042

13,207

7,608

7,060

6,630

6,848

6,950

General and administrative

27,166

19,568

20,740

27,081

22,454

23,117

24,860

21,133

25,159

23,509

24,064

23,549

22,549

19,889

21,661

22,388

20,989

23,657

21,487

21,373

20,236

12,203

21,102

19,855

17,572

8,355

18,878

16,214

14,595

11,896

12,383

Impairment of long-lived assets

46,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

32,670

28,809

29,292

29,967

30,749

33,170

32,590

31,938

35,919

48,669

35,824

30,562

30,435

29,600

26,779

24,906

24,357

25,222

22,224

20,813

18,777

16,866

17,016

14,882

15,687

14,291

13,664

13,709

13,845

9,266

9,162

Total operating expenses

235,535

212,918

193,964

204,019

188,101

226,915

224,867

234,907

233,996

202,437

190,675

190,136

180,104

162,173

156,041

154,635

150,338

152,700

137,970

129,759

125,301

124,421

119,318

110,407

105,014

106,961

96,277

88,499

81,054

66,472

62,754

Operating income (loss)

-51,060

8,392

7,218

9,666

11,448

-9,691

-7,610

-7,449

-2,171

-14,427

-17,801

-17,336

-14,698

-2,175

-8,774

-7,096

-8,592

-14,921

-11,563

-8,568

-9,790

-15,188

-15,283

-10,878

-9,320

-14,407

-10,898

-9,062

-10,300

-8,632

-4,875

Other (income) expense:
Interest income

606

844

987

1,230

1,149

985

903

1,328

1,076

965

683

771

545

571

852

166

46

116

49

11

5

26

11

9

15

17

14

14

19

37

15

Interest expense

31,174

31,128

30,740

36,150

32,554

30,871

30,743

30,641

30,554

30,190

27,585

27,226

26,943

24,946

24,848

17,557

16,296

16,259

16,734

15,801

10,095

8,739

9,370

7,381

7,248

7,492

7,490

10,370

3,920

4,206

530

Loss on extinguishment of debt

-

-

-

-57,962

-

-

-

-

-

-

-

-

-

-

-

-15,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

77

-869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value derivative adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,305

-

-

8,513

Other (income) expense

-2,993

-177

-143

-443

3,365

-292

-72

-374

505

-428

-228

-56

-38

-65

-34

-3

174

-

-377

8

-

19

35

-23

-40

-4

2

1

-1

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

-

-

-

-

-

-

-

-

21

-

Total other expense

-33,561

-30,461

-29,896

-93,325

-28,040

-49,831

-29,912

-29,687

-28,973

-29,653

-27,130

-26,511

-26,436

-24,440

-24,030

-32,877

-15,207

-18,681

-17,062

-15,782

-10,008

-8,694

-9,324

-7,395

-7,273

-7,479

-7,474

-46,660

-3,902

-4,190

7,998

Loss before income taxes

-84,621

-22,069

-22,678

-83,659

-16,592

-59,522

-37,522

-37,136

-31,144

-44,080

-44,931

-43,847

-41,134

-26,615

-32,804

-39,973

-23,799

-33,602

-28,625

-24,350

-19,798

-23,882

-24,607

-18,273

-16,593

-21,886

-18,372

-55,722

-14,202

-12,822

3,123

Income tax provision

157

282

213

304

207

166

195

71

-3,725

-2,942

350

362

233

317

469

221

307

277

245

422

294

229

292

389

273

219

346

267

275

222

223

Net loss

-84,778

-22,351

-22,891

-83,963

-16,799

-59,688

-37,717

-37,207

-27,419

-41,138

-45,281

-44,209

-41,367

-26,932

-33,273

-40,194

-24,106

-33,879

-28,870

-24,772

-20,092

-24,111

-24,899

-18,662

-16,866

-22,105

-18,718

-55,989

-14,477

-13,044

2,900

Class A and Class B senior convertible preferred stock return

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13,994

15,283

13,328

13,377

Accretion of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,595

2,690

2,638

2,612

Net loss attributable to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,105

-18,718

-72,578

-32,450

-29,010

-13,089

Net loss attributable to common stock per share—basic and diluted

-1.04

-0.28

-0.28

-1.04

-0.21

-0.74

-0.47

-0.47

-0.34

-0.52

-0.57

-0.56

-0.52

-0.34

-0.42

-0.51

-0.31

-0.42

-0.37

-0.32

-0.24

-0.28

-0.29

-0.22

-0.20

6.92

-0.22

-4.98

-4.77

-4.27

-1.93

Weighted average number of shares—basic and diluted

81,205

81,008

80,908

80,702

80,446

80,477

80,196

79,783

79,696

79,612

79,543

79,334

79,139

79,070

79,003

78,849

78,738

78,567

78,633

78,478

83,126

85,282

85,226

85,085

84,995

85,844

84,097

14,585

6,802

6,798

6,798

Service [Member]
Total revenue

150,782

167,211

158,399

173,731

165,012

160,037

160,376

159,056

150,678

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product [Member]
Total revenue

33,693

54,099

42,783

39,954

34,537

57,187

56,881

68,402

81,147

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-