MESA AIR GROUP INC
For the period ended Mar 31, 2024. Filed Jun 17, 2024.
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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 Jun 17, 2024
RJET$21.26+5.5%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(In thousands, except share amounts) (March 31, 2024 is unaudited)
| March 31, | September 30, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $18,529 | $32,940 |
| Restricted cash | 2,984 | 3,132 |
| Receivables, net ($1,026 and $4,016 from related party) | 4,650 | 8,253 |
| Expendable parts and supplies, net | 29,474 | 29,245 |
| Assets held for sale | 38,250 | 57,722 |
| Prepaid expenses and other current assets | 4,550 | 7,294 |
| Total current assets | 98,437 | 138,586 |
| Property and equipment, net | 529,479 | 698,022 |
| Lease and equipment deposits | 1,289 | 1,630 |
| Operating lease right-of-use assets | 8,074 | 9,709 |
| Deferred heavy maintenance, net | 6,466 | 7,974 |
| Assets held for sale | 41,970 | 12,000 |
| Other assets | 20,558 | 30,546 |
| Total assets | $706,273 | $898,467 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current portion of long-term debt and finance leases ($2,376 and $20,500 from related party) | $94,373 | $163,550 |
| Current portion of deferred revenue | 2,809 | 4,880 |
| Current maturities of operating leases | 2,334 | 3,510 |
| Accounts payable | 57,347 | 58,957 |
| Accrued compensation | 13,415 | 10,008 |
| Other accrued expenses | 26,525 | 27,001 |
| Total current liabilities | 196,803 | 267,906 |
| Noncurrent liabilities: | ||
| Long-term debt and finance leases, excluding current portion ($35,642 and $30,630 from related party) | 299,040 | 364,728 |
| Noncurrent operating lease liabilities | 7,309 | 8,077 |
| Deferred credits from related party | 3,720 | 4,617 |
| Deferred income taxes | 8,907 | 8,414 |
| Deferred revenue, net of current portion | 7,347 | 16,167 |
| Other noncurrent liabilities | 28,475 | 28,522 |
| Total noncurrent liabilities | 354,798 | 430,525 |
| Total liabilities | 551,601 | 698,431 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 41,172,218 (2024) and 40,940,326 (2023) shares issued and outstanding, 4,899,497 (2024) and 4,899,497 (2023) warrants issued and outstanding | 271,981 | 271,155 |
| Accumulated deficit | (117,309) | (71,119) |
| Total stockholders' equity | 154,672 | 200,036 |
| Total liabilities and stockholders' equity | $706,273 | $898,467 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.