Gogo Inc
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 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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Unaudited Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $176,678 | $139,036 |
| Accounts receivable, net of allowances of $2,807 and $2,091, respectively | 45,875 | 48,233 |
| Inventories | 74,848 | 63,187 |
| Prepaid expenses and other current assets | 50,013 | 64,138 |
| Total current assets | 347,414 | 314,594 |
| Non-current assets: | ||
| Property and equipment, net | 93,830 | 98,129 |
| Intangible assets, net | 64,888 | 55,647 |
| Operating lease right-of-use assets | 67,171 | 70,552 |
| Investment in convertible note | 3,761 | — |
| Other non-current assets, net of allowances of $720 and $591, respectively | 24,229 | 25,979 |
| Deferred income taxes | 209,444 | 216,638 |
| Total non-current assets | 463,323 | 466,945 |
| Total assets | $810,737 | $781,539 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $26,445 | $16,094 |
| Accrued liabilities | 61,476 | 47,649 |
| Deferred revenue | 1,843 | 1,003 |
| Current portion of long-term debt | 7,250 | 7,250 |
| Total current liabilities | 97,014 | 71,996 |
| Non-current liabilities: | ||
| Long-term debt | 583,864 | 587,501 |
| Non-current operating lease liabilities | 68,005 | 73,047 |
| Other non-current liabilities | 9,130 | 8,270 |
| Total non-current liabilities | 660,999 | 668,818 |
| Total liabilities | 758,013 | 740,814 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ equity | ||
| Common stock, par value $0.0001 per share; 500,000,000 shares authorized at September 30, 2024 and December 31, 2023; 138,949,113 and 137,632,284 shares issued at September 30, 2024 and December 31, 2023, respectively; and 126,140,650 and 128,462,343 shares outstanding at September 30, 2024 and December 31, 2023, respectively | 14 | 14 |
| Additional paid-in capital | 1,413,842 | 1,402,003 |
| Accumulated other comprehensive income | 4,959 | 15,796 |
| Treasury stock, at cost | (194,159) | (163,197) |
| Accumulated deficit | (1,171,932) | (1,213,891) |
| Total stockholders’ equity | 52,724 | 40,725 |
| Total liabilities and stockholders’ equity | $810,737 | $781,539 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.