Gogo Inc

For the period ended Mar 31, 2024. Filed May 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 7, 2024

GOGO$3.60-0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	March 31,	December 31,
	2024	2023
Assets
Current assets:
Cash and cash equivalents	$152,820	$139,036
Accounts receivable, net of allowances of $1,855 and $2,091, respectively	49,405	48,233
Inventories	69,298	63,187
Prepaid expenses and other current assets	63,782	64,138
Total current assets	335,305	314,594
Non-current assets:
Property and equipment, net	96,042	98,129
Intangible assets, net	57,870	55,647
Operating lease right-of-use assets	69,804	70,552
Investment in convertible note	18,132	—
Other non-current assets, net of allowances of $614 and $591, respectively	25,577	25,979
Deferred income taxes	206,223	216,638
Total non-current assets	473,648	466,945
Total assets	$808,953	$781,539
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$22,823	$16,094
Accrued liabilities	47,643	47,649
Deferred revenue	2,150	1,003
Current portion of long-term debt	7,250	7,250
Total current liabilities	79,866	71,996
Non-current liabilities:
Long-term debt	586,274	587,501
Non-current operating lease liabilities	71,784	73,047
Other non-current liabilities	8,590	8,270
Total non-current liabilities	666,648	668,818
Total liabilities	746,514	740,814
Commitments and contingencies (Note 15)
Stockholders’ equity
Common stock, par value $0.0001 per share; 500,000,000 shares authorized at March 31, 2024 and December 31, 2023; 138,253,311 and 137,632,284 shares issued at March 31, 2024 and December 31, 2023, respectively; and 128,227,127 and 128,462,343 shares outstanding at March 31, 2024 and December 31, 2023, respectively	14	14
Additional paid-in capital	1,404,217	1,402,003
Accumulated other comprehensive income	14,966	15,796
Treasury stock, at cost	(173,357)	(163,197)
Accumulated deficit	(1,183,401)	(1,213,891)
Total stockholders’ equity	62,439	40,725
Total liabilities and stockholders’ equity	$808,953	$781,539

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.