Gogo Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
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 Statements of Cash Flows
| For the Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net income | $7,876 | $22,919 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation and amortization | 48,607 | 44,474 |
| Loss on asset disposals, abandonments and write-downs | 234 | 44 |
| Provision for expected credit losses | 3,977 | 494 |
| Deferred income taxes | 11,641 | 9,569 |
| Stock-based compensation expense | 15,095 | 18,520 |
| Amortization of deferred financing costs and interest rate caps | 3,897 | 4,196 |
| Accretion of debt discount | 1,412 | 1,293 |
| Change in fair value of Earnout Liability | 8,357 | 18,900 |
| Change in fair value of convertible note investment | (1,125) | (458) |
| Loss on extinguishment of debt | 394 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (2,707) | (5,678) |
| Inventories | (21,047) | 16,058 |
| Prepaid expenses and other current assets | (3,691) | (10,475) |
| Contract assets | (12,973) | (9,429) |
| Accounts payable | 8,947 | (930) |
| Accrued liabilities | (12,735) | 17,156 |
| Deferred revenue | (5,449) | (8,396) |
| Accrued interest | (32) | (2,046) |
| Other non-current assets and liabilities | 716 | (224) |
| Net cash provided by operating activities | 51,394 | 115,987 |
| Investing activities: | ||
| Proceeds from sale of property and equipment | 90 | — |
| Purchases of property and equipment | (38,880) | (25,473) |
| Acquisition of intangible assets—capitalized software | (6,612) | (9,259) |
| Acquisition of Satcom Direct, net of cash acquired | — | (1,612) |
| Proceeds from FCC Reimbursement Program for property, equipment and intangibles | 21,368 | 3,783 |
| Proceeds from interest rate caps | 3,277 | 9,088 |
| Net cash used in investing activities | (20,757) | (23,473) |
| Financing activities: | ||
| Payments on earnout liability | (39,957) | — |
| Payments on term loan | (22,964) | (1,875) |
| Payments on financing leases | (49) | (33) |
| Stock-based compensation activity | (2,184) | 800 |
| Net cash used in financing activities | (65,154) | (1,108) |
| Effect of exchange rate changes on cash | (3) | 328 |
| (Decrease) increase in cash, cash equivalents and restricted cash | (34,520) | 91,734 |
| Cash, cash equivalents and restricted cash at beginning of period | 125,690 | 42,304 |
| Cash, cash equivalents and restricted cash at end of period | $91,170 | $134,038 |
| Cash, cash equivalents and restricted cash at end of period | $91,170 | $134,038 |
| Less: current restricted cash | 85 | 72 |
| Less: non-current restricted cash | 391 | 394 |
| Cash and cash equivalents at end of period | $90,694 | $133,572 |
| Supplemental cash flow information: | ||
| Cash paid for interest | $51,852 | $59,260 |
| Cash paid for taxes | 2,176 | 1,962 |
| Non-cash investing activities: | ||
| Purchases of property, equipment and intangibles in liabilities | $3,007 | $12,741 |
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