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$3.60-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity (Deficit)
(in thousands, except share data)
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Additional · Other | ||||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Treasury Stock | ||||||||
| Shares | Par Value | Capital | Income (Loss) | Deficit | Shares | Amount | Total | |
| Balance at January 1, 2021 | 85,990,499 | $9 | $1,088,590 | $(1,013) | $(1,629,843) | 5,077,400 | $(98,857) | $(641,114) |
| Net income | — | — | — | — | 152,735 | — | — | 152,735 |
| Currency translation adjustments, net of tax | — | — | — | 53 | — | — | — | 53 |
| Fair value adjustments of cash flow hedge, net of tax | — | — | — | 2,749 | — | — | — | 2,749 |
| Stock-based compensation expense | — | — | 37,318 | — | — | — | — | 37,318 |
| Issuance of common stock upon exercise of stock options | 591,930 | — | 1,780 | — | — | — | — | 1,780 |
| Issuance of common stock upon vesting of restricted stock units and restricted stock awards | 1,346,008 | — | — | — | — | — | — | — |
| Tax withholding related to vesting of restricted stock units | — | — | (6,708) | — | — | — | — | (6,708) |
| Issuance of common stock in connection with employee stock purchase plan | 48,560 | — | 535 | — | — | — | — | 535 |
| Settlement of convertible notes | 24,353,006 | 2 | 154,439 | — | — | — | — | 154,441 |
| Settlement of prepaid forward shares | (1,538,049) | — | 29,946 | — | — | 1,538,049 | (29,946) | — |
| Impact of the adoption of ASU 2020-06 | — | — | (47,423) | — | 25,480 | — | — | (21,943) |
| Balance at December 31, 2021 | 110,791,954 | 11 | 1,258,477 | 1,789 | (1,451,628) | 6,615,449 | (128,803) | (320,154) |
| Net income | — | — | — | — | 92,059 | — | — | 92,059 |
| Currency translation adjustments, net of tax | — | — | — | (265) | — | — | — | (265) |
| Fair value adjustments of cash flow hedges, net of tax | — | — | — | 28,604 | — | — | — | 28,604 |
| Stock-based compensation expense | — | — | 19,065 | — | — | — | — | 19,065 |
| Issuance of common stock upon exercise of stock options | 758,681 | — | 2,023 | — | — | — | — | 2,023 |
| Issuance of common stock upon vesting of restricted stock units | 1,181,457 | 1 | — | — | — | — | — | 1 |
| Tax withholding related to vesting of restricted stock units | — | — | (8,257) | — | — | — | — | (8,257) |
| Issuance of common stock in connection with employee stock purchase plan | 52,489 | — | 642 | — | — | — | — | 642 |
| Settlement of convertible notes | 17,131,332 | 2 | 102,786 | — | — | — | — | 102,788 |
| Settlement of prepaid forward shares | (575,100) | — | 11,197 | — | — | 575,100 | (11,197) | — |
| Repurchase of common stock | (1,500,000) | — | — | — | — | 1,500,000 | (18,375) | (18,375) |
| Balance at December 31, 2022 | 127,840,813 | 14 | 1,385,933 | 30,128 | (1,359,569) | 8,690,549 | (158,375) | (101,869) |
| Net income | — | — | — | — | 145,678 | — | — | 145,678 |
| Currency translation adjustments, net of tax | — | — | — | 291 | — | — | — | 291 |
| Fair value adjustments of cash flow hedges, net of tax | — | — | — | (14,623) | — | — | — | (14,623) |
| Stock-based compensation expense | — | — | 21,288 | — | — | — | — | 21,288 |
| Issuance of common stock upon exercise of stock options | 218,585 | — | 565 | — | — | — | — | 565 |
| Issuance of common stock upon vesting of restricted stock units | 853,080 | — | — | — | — | — | — | — |
| Tax withholding related to vesting of restricted stock units | — | — | (6,188) | — | — | — | — | (6,188) |
| Issuance of common stock in connection with employee stock purchase plan | 29,257 | — | 405 | — | — | — | — | 405 |
| Repurchase of common stock | (479,392) | — | — | — | — | 479,392 | (4,822) | (4,822) |
| Balance at December 31, 2023 | 128,462,343 | $14 | $1,402,003 | $15,796 | $(1,213,891) | 9,169,941 | $(163,197) | $40,725 |
Notes to Consolidated Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.