Gogo Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
GOGO$3.62-6.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in thousands, except per share amounts)
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue: | |||
| Service revenue | $318,015 | $296,329 | $259,583 |
| Equipment revenue | 79,562 | 107,738 | 76,133 |
| Total revenue | 397,577 | 404,067 | 335,716 |
| Operating expenses: | |||
| Cost of service revenue (exclusive of items shown below) | 69,568 | 64,427 | 56,103 |
| Cost of equipment revenue (exclusive of items shown below) | 63,383 | 71,473 | 46,092 |
| Engineering, design and development | 36,683 | 29,587 | 24,874 |
| Sales and marketing | 29,797 | 25,471 | 20,985 |
| General and administrative | 57,280 | 58,203 | 51,554 |
| Depreciation and amortization | 16,701 | 12,580 | 15,482 |
| Total operating expenses | 273,412 | 261,741 | 215,090 |
| Operating income | 124,165 | 142,326 | 120,626 |
| Other expense (income): | |||
| Interest income | (7,403) | (2,386) | (191) |
| Interest expense | 33,056 | 38,872 | 67,472 |
| Loss on extinguishment of debt and settlement of convertible notes | 2,224 | — | 83,961 |
| Other (income) expense, net | (1,315) | 123 | 25 |
| Total other expense | 26,562 | 36,609 | 151,267 |
| Income (loss) from continuing operations before income taxes | 97,603 | 105,717 | (30,641) |
| Income tax (benefit) provision | (48,075) | 13,658 | (187,230) |
| Net income from continuing operations | 145,678 | 92,059 | 156,589 |
| Net loss from discontinued operations, net of tax | — | — | (3,854) |
| Net income | $145,678 | $92,059 | $152,735 |
| Net income (loss) attributable to common stock per share—basic: | |||
| Continuing operations | $1.12 | $0.75 | $1.50 |
| Discontinued operations | — | — | (0.04) |
| Net income attributable to common stock per share—basic | $1.12 | $0.75 | $1.46 |
| Net income attributable to common stock per share—diluted: | |||
| Continuing operations | $1.09 | $0.71 | $1.28 |
| Discontinued operations | — | — | — |
| Net income attributable to common stock per share—diluted | $1.09 | $0.71 | $1.28 |
| Weighted average number of shares | |||
| Basic | 129,753 | 123,268 | 103,400 |
| Diluted | 133,283 | 133,923 | 127,205 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.