← Gogo Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($124.5m) |
($172.0m)
-38.14%
|
($162.0m)
+5.79%
|
($146.0m)
+9.89%
|
($250.0m)
-71.25%
|
$152.7m
+161.09%
|
$92.1m
-39.73%
|
$145.7m
+58.24%
|
$13.7m
-90.56%
|
$12.9m
-5.99%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($124.5m) | ($172.0m) | ($162.0m) | ($146.0m) | ($48.6m) | $156.6m | $92.1m | $145.7m | $13.7m | $12.9m | — | |
| Depreciation, Depletion and Amortization | $105.6m | $145.5m | $133.6m | $118.8m | $14.2m | $15.5m | $12.6m | $16.7m | $19.0m | $60.3m | $63.2m | |
| Amortization | — | — | — | — | $42.0m | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $3.8m | $3.7m | $4.3m | $5.3m | $5.9m | $4.7m | $3.1m | $2.4m | $2.5m | $3.5m | — | |
| Amortization of Intangible Assets | $21.6m | $24.9m | $26.5m | $19.6m | $6.3m | $7.5m | $4.7m | $2.0m | $3.9m | $39.9m | — | |
| Depreciation | $84.1m | $120.6m | $107.1m | $99.2m | $14.2m | $7.9m | $7.9m | $14.7m | $15.1m | $20.4m | $63.2m | |
| Deferred Income Tax Expense (Benefit) | $839k | ($2.3m) | ($3.8m) | $178k | ($232k) | ($187.3m) | $13.2m | ($49.2m) | $3.2m | $10.0m | $16.0m | |
| Share-based Payment Arrangement, Noncash Expense | $17.6m | $19.8m | $16.9m | $16.5m | $7.8m | $13.3m | $19.1m | $21.3m | $20.8m | $24.1m | $22.3m | |
| Share-based Payment Arrangement, Expense | $17.6m | $19.8m | $16.9m | $16.5m | $7.8m | $13.3m | $19.1m | $21.3m | $20.8m | $24.1m | $22.3m | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Nonoperating Income (Expense) | ($96.6m) | ($109.7m) | ($138.4m) | ($181.7m) | ($125.1m) | ($151.3m) | ($36.6m) | ($26.6m) | ($33.1m) | ($87.3m) | — | |
| Other Nonoperating Income (Expense) | $72k | ($750k) | ($233k) | $2.6m | $9k | ($25k) | ($123k) | $1.3m | ($3.0m) | ($11.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $4.3m | $43.8m | $17.1m | ($29.9m) | ($1.3m) | ($1.9m) | $17.5m | ($4.8m) | ($3.0m) | $5.0m | ($25.5m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | $10.7m | — | — | — | — | — | ($25.5m) | |
| Increase (Decrease) in Inventories | $29.3m | ($4.7m) | $50.8m | ($29.1m) | ($7.1m) | $5.9m | $15.5m | $13.7m | $16.2m | $1.1m | ($37.4m) | |
| Increase (Decrease) in Accounts Payable | ($3.1m) | $3.4m | ($3.9m) | ($4.1m) | $5.0m | $3.8m | ($2.5m) | $3.7m | ($11.3m) | $10.6m | $32.6m | |
| Net Cash Provided by (Used in) Operating Activities | $65.0m |
$60.3m
-7.28%
|
($82.3m)
-236.60%
|
$64.1m
+177.83%
|
($137.2m)
-314.17%
|
($1.2m)
+99.12%
|
$103.4m
+8638.81%
|
$79.0m
-23.63%
|
$41.4m
-47.55%
|
$124.5m
+200.55%
|
$80.4m
-35.44%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $148.3m | $252.4m | $108.6m | $100.1m | $1.8m | $4.3m | $43.9m | $16.3m | $13.5m | $59.4m | ($103.2m) | |
| Cash, Cash Equivalents, and Short-term Investments | $455.8m | $409.1m | $223.5m | $170.0m | — | — | $175.3m | $139.0m | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | $5.0m | — | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $332.7m | $1.6m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | $2.3m | — | ($2.4m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($295.8m) | ($157.4m) | $41.8m | ($73.7m) | $357.4m | ($7.8m) | $0 | $29.9m | ($337.2m) | ($39.9m) | ($55.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($15.4m) | — | ($19.7m) | ($58.0m) | — | ($84.0m) | $0 | ($2.2m) | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $18.4m | $4.8m | $33.2m | $0 | — | |
| Net Cash Provided by (Used in) Financing Activities | $201.1m |
$174.9m
-12.99%
|
$27.3m
-84.39%
|
($3.5m)
-112.97%
|
($54k)
+98.48%
|
$0
+100.00%
|
$0 | $0 | $198.7m |
($1.4m)
-100.68%
|
($63.7m)
-4616.58%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($30.3m) | $78.5m | ($12.6m) | ($13.4m) | $258.2m | ($289.6m) | $4.6m | ($11.5m) | ($97.1m) | $83.4m | $63.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($30.3m) | $78.5m | $191.1m | $177.7m | $435.9m | $146.3m | $150.9m | $139.4m | $42.3m | $125.7m | $63.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($522k) | $743k | $578k | ($250k) | ($1.9m) | $40k | $13k | $94k | $29k | $168k | ($326k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $27.5m | $86.4m | $101.5m | $140.8m | $106.1m | $71.1m | $41.2m | $68.1m | $56.1m | $77.8m | — | |
| Income Taxes Paid, Net | $305k | $103k | $401k | $490k | $401k | $376k | $377k | $1.0m | $3.1m | $3.4m | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | $17.5m | $19.5m | $21.1m | $15.7m | $13.9m | $419k | $456k | $403k | $510k | $1.8m | — | |
| Asset Retirement Obligation, Accretion Expense | $835k | $981k | $1.0m | $848k | $416k | $460k | $553k | $558k | $641k | $714k | — | |
| Derivative, Gain (Loss) on Derivative, Net | $0 | $0 | $0 | — | — | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | ($38.0m) | ($1.6m) | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($4.6m) | ($9.0m) | ($13.4m) | ($13.9m) | ($64k) | ($141k) | ($1.6m) | ($362k) | ($2.9m) | ($504k) | — | |
| General and Administrative Expense | $84.9m | $93.7m | $94.3m | $89.8m | $54.5m | $51.6m | $58.2m | $57.3m | $125.1m | $116.7m | — | |
| Goodwill | $620k | $600k | $600k | $600k | $600k | $600k | $600k | $600k | $184.8m | $193.2m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($48.6m) | $156.6m | $92.1m | $145.7m | $13.7m | $12.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($48.6m) | $156.6m | $92.1m | $145.7m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($201.5m) | ($3.9m) | $0 | $0 | — | — | — | |
| Income Tax Expense (Benefit) | $1.3m | ($2.0m) | ($3.3m) | $1.0m | ($146k) | ($187.2m) | $13.7m | ($48.1m) | $4.4m | $13.9m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $38.4m | $68.2m | — | |
| Investment Income, Interest | $1.6m | $3.0m | $4.3m | $4.2m | $722k | $191k | $2.4m | $7.4m | $8.3m | $4.7m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | $22.0m | $19.0m | $16.0m | $12.0m | — |