GOGO: Gogo Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Gogo Inc (GOGO).
$1.02B Market Cap.
GOGO Market Cap. (MRY)
GOGO Shares Outstanding (MRY)
GOGO Assets (MRY)
Total Assets
$1.23B
Total Liabilities
$1.16B
Total Investments
$4.21M
GOGO Income (MRY)
Revenue
$444.71M
Net Income
$13.75M
Operating Expense
$226.84M
GOGO Cash Flow (MRY)
CF Operations
$41.42M
CF Investing
-$337.20M
CF Financing
$198.69M
GOGO Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $1,229,231,000 (57.28%) | $781,539,000 (2.90%) | $759,526,000 (17.27%) | $647,687,000 (-3.85%) |
Assets Current | $323,093,000 (2.70%) | $314,594,000 (-2.95%) | $324,149,000 (29.70%) | $249,914,000 (-51.21%) |
Assets Non-Current | $906,138,000 (94.06%) | $466,945,000 (7.25%) | $435,377,000 (9.45%) | $397,773,000 (146.51%) |
Goodwill & Intangible Assets | $460,162,000 (726.93%) | $55,647,000 (12.40%) | $49,509,000 (-0.09%) | $49,554,000 (-5.96%) |
Shareholders Equity | $69,324,000 (70.22%) | $40,725,000 (139.98%) | -$101,869,000 (68.18%) | -$320,154,000 (50.06%) |
Property Plant & Equipment Net | $187,590,000 (11.21%) | $168,681,000 (-6.21%) | $179,856,000 (33.56%) | $134,661,000 (38.56%) |
Cash & Equivalents | $41,765,000 (-69.96%) | $139,036,000 (-20.71%) | $175,346,000 (20.17%) | $145,913,000 (-66.48%) |
Accumulated Other Comprehensive Income | $5,567,000 (-64.76%) | $15,796,000 (-47.57%) | $30,128,000 (1584.07%) | $1,789,000 (276.60%) |
Deferred Revenue | $30,408,000 (2931.70%) | $1,003,000 (-70.66%) | $3,418,000 (87.29%) | $1,825,000 (-41.37%) |
Total Investments | $4,207,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $4,207,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $97,934,000 (54.99%) | $63,187,000 (27.67%) | $49,493,000 (45.67%) | $33,976,000 (20.85%) |
Trade & Non-Trade Receivables | $111,513,000 (131.20%) | $48,233,000 (-11.03%) | $54,210,000 (43.68%) | $37,730,000 (-5.28%) |
Trade & Non-Trade Payables | $67,231,000 (317.74%) | $16,094,000 (17.94%) | $13,646,000 (-20.68%) | $17,203,000 (56.21%) |
Accumulated Retained Earnings (Deficit) | -$1,200,145,000 (1.13%) | -$1,213,891,000 (10.72%) | -$1,359,569,000 (6.34%) | -$1,451,628,000 (10.93%) |
Tax Assets | $217,309,000 (0.31%) | $216,638,000 (33.19%) | $162,657,000 (-12.14%) | $185,133,000 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $902,259,000 (35.11%) | $667,798,000 (-14.02%) | $776,664,000 (-11.91%) | $881,709,000 (-26.95%) |
Debt Current | $2,500,000 (-65.52%) | $7,250,000 (0.00%) | $7,250,000 (-93.39%) | $109,620,000 (-67.85%) |
Debt Non-Current | $899,759,000 (36.21%) | $660,548,000 (-14.15%) | $769,414,000 (-0.35%) | $772,089,000 (-10.84%) |
Total Liabilities | $1,159,907,000 (56.57%) | $740,814,000 (-14.00%) | $861,395,000 (-11.00%) | $967,841,000 (-26.38%) |
Liabilities Current | $182,028,000 (152.83%) | $71,996,000 (-14.67%) | $84,370,000 (-55.25%) | $188,516,000 (-56.97%) |
Liabilities Non-Current | $977,879,000 (46.21%) | $668,818,000 (-13.93%) | $777,025,000 (-0.30%) | $779,325,000 (-11.09%) |
GOGO Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $444,709,000 (11.85%) | $397,577,000 (-1.61%) | $404,067,000 (20.36%) | $335,716,000 (24.47%) |
Cost of Revenue | $166,603,000 (25.31%) | $132,951,000 (-2.17%) | $135,900,000 (32.98%) | $102,195,000 (21.12%) |
Selling General & Administrative Expense | $163,091,000 (87.30%) | $87,077,000 (4.07%) | $83,674,000 (15.35%) | $72,539,000 (4.22%) |
Research & Development Expense | $44,772,000 (22.05%) | $36,683,000 (23.98%) | $29,587,000 (18.95%) | $24,874,000 (-1.40%) |
Operating Expenses | $226,835,000 (61.49%) | $140,461,000 (11.62%) | $125,841,000 (11.47%) | $112,895,000 (3.58%) |
Interest Expense | $38,431,000 (16.26%) | $33,056,000 (-14.96%) | $38,872,000 (-42.39%) | $67,472,000 (-46.36%) |
Income Tax Expense | $4,388,000 (109.13%) | -$48,075,000 (-451.99%) | $13,658,000 (107.29%) | -$187,230,000 (-128139.73%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $3,854,000 (-98.09%) |
Consolidated Income | $13,746,000 (-90.56%) | $145,678,000 (58.24%) | $92,059,000 (-39.73%) | $152,735,000 (161.09%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $13,746,000 (-90.56%) | $145,678,000 (58.24%) | $92,059,000 (-39.73%) | $152,735,000 (161.09%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $13,746,000 (-90.56%) | $145,678,000 (58.24%) | $92,059,000 (-39.73%) | $152,735,000 (161.09%) |
Weighted Average Shares | $128,533,000 (-0.94%) | $129,753,000 (5.26%) | $123,268,000 (19.21%) | $103,400,000 (25.69%) |
Weighted Average Shares Diluted | $131,455,000 (-1.37%) | $133,283,000 (-0.48%) | $133,923,000 (5.28%) | $127,205,000 (54.63%) |
Earning Before Interest & Taxes (EBIT) | $56,565,000 (-56.71%) | $130,659,000 (-9.63%) | $144,589,000 (338.45%) | $32,977,000 (126.51%) |
Gross Profit | $278,106,000 (5.09%) | $264,626,000 (-1.32%) | $268,167,000 (14.84%) | $233,521,000 (25.99%) |
Operating Income | $51,271,000 (-58.71%) | $124,165,000 (-12.76%) | $142,326,000 (17.99%) | $120,626,000 (57.99%) |
GOGO Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$337,203,000 (-1229.43%) | $29,856,000 (142.40%) | -$70,418,000 (-192.30%) | -$24,091,000 (-106.91%) |
Net Cash Flow from Financing | $198,691,000 (264.98%) | -$120,434,000 (-324.24%) | -$28,388,000 (91.42%) | -$331,037,000 (-845.16%) |
Net Cash Flow from Operations | $41,421,000 (-47.55%) | $78,970,000 (-23.63%) | $103,405,000 (57.90%) | $65,486,000 (149.35%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$97,062,000 (-742.99%) | -$11,514,000 (-349.65%) | $4,612,000 (101.59%) | -$289,602,000 (-212.16%) |
Net Cash Flow - Business Acquisitions and Disposals | -$332,724,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$5,000,000 (-119.13%) | $26,139,000 (205.42%) | -$24,796,000 (0%) | $0 (0%) |
Capital Expenditure | -$22,660,000 (1.30%) | -$22,958,000 (54.00%) | -$49,914,000 (-551.62%) | -$7,660,000 (14.79%) |
Issuance (Repayment) of Debt Securities | $234,886,000 (318.74%) | -$107,382,000 (-1344.47%) | -$7,434,000 (97.72%) | -$326,644,000 (-770.64%) |
Issuance (Purchase) of Equity Shares | -$33,185,000 (-588.20%) | -$4,822,000 (73.76%) | -$18,375,000 (0%) | $0 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | $29,000 (-69.15%) | $94,000 (623.08%) | $13,000 (-67.50%) | $40,000 (102.06%) |
Share Based Compensation | $20,777,000 (-2.40%) | $21,288,000 (11.66%) | $19,065,000 (42.86%) | $13,345,000 (70.91%) |
Depreciation Amortization & Accretion | $18,972,000 (13.60%) | $16,701,000 (32.76%) | $12,580,000 (-18.74%) | $15,482,000 (9.29%) |
GOGO Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 62.50% (-6.16%) | 66.60% (0.30%) | 66.40% (-4.60%) | 69.60% (1.31%) |
Profit Margin | 3.10% (-91.53%) | 36.60% (60.53%) | 22.80% (-49.89%) | 45.50% (149.08%) |
EBITDA Margin | 17.00% (-54.18%) | 37.10% (-4.63%) | 38.90% (170.14%) | 14.40% (135.21%) |
Return on Average Equity (ROAE) | 23.20% (100.19%) | -12493.80% (-22170.59%) | -56.10% (-92.12%) | -29.20% (-168.38%) |
Return on Average Assets (ROAA) | 1.50% (-92.15%) | 19.10% (50.39%) | 12.70% (-55.75%) | 28.70% (212.11%) |
Return on Sales (ROS) | 12.70% (-61.40%) | 32.90% (-8.10%) | 35.80% (265.31%) | 9.80% (121.26%) |
Return on Invested Capital (ROIC) | 4.60% (-57.41%) | 10.80% (-10.00%) | 12.00% (287.10%) | 3.10% (137.80%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 73.55 (713.10%) | 9.04 (-54.04%) | 19.68 (112.37%) | 9.27 (392.52%) |
Price to Sales Ratio (P/S) | 2.34 (-29.28%) | 3.31 (-26.58%) | 4.5 (8.06%) | 4.17 (41.88%) |
Price to Book Ratio (P/B) | 14.68 (-54.20%) | 32.05 (273.80%) | -18.44 (-296.82%) | -4.65 (-262.76%) |
Debt to Equity Ratio (D/E) | 16.73 (-8.02%) | 18.19 (315.13%) | -8.46 (-179.72%) | -3.02 (-47.39%) |
Earnings Per Share (EPS) | 0.11 (-90.18%) | 1.12 (49.33%) | 0.75 (-48.63%) | 1.46 (148.03%) |
Sales Per Share (SPS) | 3.46 (12.92%) | 3.06 (-6.53%) | 3.28 (0.95%) | 3.25 (-0.98%) |
Free Cash Flow Per Share (FCFPS) | 0.15 (-66.20%) | 0.43 (-0.46%) | 0.43 (-22.36%) | 0.56 (132.46%) |
Book Value Per Share (BVPS) | 0.54 (71.66%) | 0.31 (138.01%) | -0.83 (73.32%) | -3.1 (60.27%) |
Tangible Assets Book Value Per Share (TABVPS) | 5.98 (6.95%) | 5.59 (-2.88%) | 5.76 (-0.43%) | 5.79 (-23.35%) |
Enterprise Value Over EBIT (EV/EBIT) | 27 (92.86%) | 14 (-17.65%) | 17 (-75.00%) | 68 (553.33%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 19.86 (56.92%) | 12.65 (-20.60%) | 15.94 (-65.48%) | 46.17 (372.40%) |
Asset Turnover | 0.49 (-6.53%) | 0.52 (-6.63%) | 0.56 (-11.43%) | 0.63 (128.26%) |
Current Ratio | 1.77 (-59.38%) | 4.37 (13.74%) | 3.84 (189.74%) | 1.33 (13.43%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $18,761,000 (-66.51%) | $56,012,000 (4.71%) | $53,491,000 (-7.50%) | $57,826,000 (140.82%) |
Enterprise Value (EV) | $1,499,995,044 (-19.56%) | $1,864,815,098 (-25.56%) | $2,505,058,008 (11.96%) | $2,237,459,064 (19.76%) |
Earnings Before Tax (EBT) | $18,134,000 (-81.42%) | $97,603,000 (-7.68%) | $105,717,000 (406.47%) | -$34,495,000 (86.21%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $75,537,000 (-48.74%) | $147,360,000 (-6.24%) | $157,169,000 (224.33%) | $48,459,000 (143.96%) |
Invested Capital | $1,447,535,000 (22.40%) | $1,182,658,000 (-3.61%) | $1,226,965,000 (7.12%) | $1,145,413,000 (20.01%) |
Working Capital | $141,065,000 (-41.85%) | $242,598,000 (1.18%) | $239,779,000 (290.53%) | $61,398,000 (-17.13%) |
Tangible Asset Value | $769,069,000 (5.95%) | $725,892,000 (2.24%) | $710,017,000 (18.71%) | $598,133,000 (-3.67%) |
Market Capitalization | $1,017,554,044 (-22.04%) | $1,305,163,098 (-30.52%) | $1,878,509,008 (26.27%) | $1,487,676,064 (81.21%) |
Average Equity | $59,124,500 (5170.71%) | -$1,166,000 (99.29%) | -$164,205,750 (68.56%) | -$522,294,000 (10.87%) |
Average Assets | $912,899,500 (19.58%) | $763,394,500 (5.40%) | $724,251,500 (35.97%) | $532,665,000 (-45.57%) |
Invested Capital Average | $1,229,251,750 (1.94%) | $1,205,833,500 (-0.06%) | $1,206,525,000 (15.23%) | $1,047,062,000 (-30.86%) |
Shares | 125,779,239 (-2.38%) | 128,841,372 (1.23%) | 127,270,258 (15.75%) | 109,953,885 (28.98%) |
