Gogo (GOGO) Financials

$10.82 -0.29 (-2.61%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$10.96 +0.15 (+1.34%)

As of 09:07 AM Eastern

Annual Income Statements for Gogo

This table shows Gogo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	14	146	92	153	-250	-146	-162	-172	-125	-108	-85
Consolidated Net Income / (Loss)	14	146	92	153	-250	-146	-162	-172	-125	-108	-85
Net Income / (Loss) Continuing Operations	14	146	92	157	-49	-88	-52	-172	-125	-108	-85
Total Pre-Tax Income	18	98	106	-31	-49	-88	-56	-174	-123	-106	-83
Total Operating Income	51	124	142	121	76	97	82	-64	-27	-45	-51
Total Gross Profit	445	398	404	234	270	309	198	699	597	501	408
Total Revenue	445	398	404	336	270	309	290	699	597	501	408
Operating Revenue	445	398	404	336	270	309	290	699	597	501	408
Total Cost of Revenue	0.00	0.00	0.00	102	0.00	0.00	93	0.00	0.00	0.00	0.00
Total Operating Expenses	393	273	262	113	193	212	115	763	623	546	459
Selling, General & Admin Expense	125	57	58	52	54	55	58	94	85	87	71
Marketing Expense	38	30	25	21	15	21	24	64	61	56	42
Research & Development Expense	45	37	30	25	25	26	19	133	97	87	70
Depreciation Expense	19	17	13	15	14	17	14	145	106	87	64
Amortization Expense	167	133	136	-	84	94	-	327	275	228	212
Total Other Income / (Expense), net	-33	-27	-37	-151	-125	-184	-138	-110	-97	-62	-33
Interest Expense	38	35	39	151	126	188	142	112	99	59	33
Interest & Investment Income	8.34	7.40	2.39	0.19	0.72	4.00	4.12	2.96	1.64	0.18	0.06
Other Income / (Expense), net	-3.04	1.32	-0.12	-0.03	0.01	-0.03	-0.08	-0.75	0.86	-2.83	-0.01
Income Tax Expense	4.39	-48	14	-187	-0.15	0.56	-3.35	-2.00	1.31	1.24	1.18
Basic Earnings per Share	$0.11	$1.12	$0.75	$1.46	($3.04)	($1.81)	($2.02)	($2.17)	($1.58)	($1.35)	($0.99)
Weighted Average Basic Shares Outstanding	128.53M	129.75M	123.27M	103.40M	82.27M	80.77M	80.04M	79.41M	78.92M	79.70M	85.15M
Diluted Earnings per Share	$0.10	$1.09	$0.71	$1.28	($3.04)	($1.81)	($2.02)	($2.17)	($1.58)	($1.35)	($0.99)
Weighted Average Diluted Shares Outstanding	131.46M	133.28M	133.92M	127.21M	82.27M	80.77M	80.04M	79.41M	78.92M	79.70M	85.15M
Weighted Average Basic & Diluted Shares Outstanding	131.35M	128.07M	127.91M	110.88M	82.27M	80.77M	80.04M	79.41M	78.92M	79.70M	85.15M

This table shows Gogo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-28	11	0.84	30	14	21	90	20	86	20
Consolidated Net Income / (Loss)	-28	11	0.84	30	14	21	90	20	86	20
Net Income / (Loss) Continuing Operations	14	0.00	0.00	0.00	146	0.00	0.00	0.00	92	0.00
Total Pre-Tax Income	-36	12	0.97	41	19	28	26	25	89	28
Total Operating Income	-24	19	22	35	25	33	34	32	97	36
Total Gross Profit	171	101	102	71	98	98	103	99	234	105
Total Revenue	138	101	102	104	98	98	103	99	201	105
Operating Revenue	138	101	102	104	98	98	103	99	-	105
Total Cost of Revenue	-34	0.00	0.00	34	-	0.00	0.00	0.00	-33	0.00
Total Operating Expenses	196	81	80	36	73	65	69	67	136	69
Selling, General & Admin Expense	64	25	22	15	17	13	13	14	14	15
Marketing Expense	12	8.55	9.04	8.28	8.05	7.02	7.86	6.88	6.93	6.24
Research & Development Expense	15	9.76	10	9.22	10	9.15	9.23	7.88	-	7.99
Depreciation Expense	7.23	4.02	3.89	3.84	4.68	4.69	4.54	2.79	2.57	2.72
Total Other Income / (Expense), net	-12	-6.92	-21	6.74	-5.77	-5.68	-8.02	-7.09	-7.96	-8.19
Interest Expense	12	9.67	8.11	8.41	8.25	8.03	10	8.98	9.43	8.78
Interest & Investment Income	1.75	2.42	2.12	2.05	1.89	1.62	1.97	1.92	1.46	0.69
Other Income / (Expense), net	-1.76	0.33	-15	13	0.58	0.73	0.04	-0.03	-	-0.10
Income Tax Expense	-8.19	1.52	0.13	11	4.64	6.73	-64	4.39	3.04	7.98
Basic Earnings per Share	($0.22)	$0.08	$0.01	$0.24	$0.11	$0.16	$0.69	$0.16	$0.21	$0.16
Weighted Average Basic Shares Outstanding	128.53M	127.92M	128.30M	129.27M	129.75M	129.95M	129.81M	129.14M	123.27M	129.91M
Diluted Earnings per Share	($0.22)	$0.08	$0.01	$0.23	$0.11	$0.16	$0.67	$0.15	$0.21	$0.15
Weighted Average Diluted Shares Outstanding	131.46M	130.39M	131.73M	132.44M	133.28M	133.32M	133.23M	133.60M	133.92M	134.22M
Weighted Average Basic & Diluted Shares Outstanding	131.35M	125.78M	126.95M	127.10M	128.07M	128.84M	128.70M	128.59M	127.91M	127.27M

This table details how cash moves in and out of Gogo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-97	-12	4.61	-290	258	-129	-13	78	-30	16	-135
Net Cash From Operating Activities	41	79	103	67	4.51	-129	1.89	60	65	105	29
Net Cash From Continuing Operating Activities	41	79	103	67	4.51	-13	1.89	60	65	105	29
Net Income / (Loss) Continuing Operations	14	146	92	157	-49	-88	-52	-172	-125	-108	-85
Consolidated Net Income / (Loss)	14	146	92	157	-49	-88	-52	-172	-125	-108	-85
Depreciation Expense	19	17	13	15	14	17	14	145	106	87	64
Amortization Expense	5.66	4.30	3.67	5.08	20	20	23	22	21	17	3.17
Non-Cash Adjustments To Reconcile Net Income	23	18	23	83	0.29	-81	27	36	73	25	13
Changes in Operating Assets and Liabilities, net	-20	-105	-28	-194	19	4.05	-9.20	29	-11	84	33
Net Cash From Investing Activities	-337	30	-70	-16	-8.99	33	163	-157	-296	-293	-232
Net Cash From Continuing Investing Activities	-337	30	-70	-16	-8.99	33	163	-157	-296	-293	-232
Purchase of Property, Plant & Equipment	-14	-16	-44	-4.26	-1.82	-1.49	-2.73	-252	-148	-135	-132
Acquisitions	-346	-7.82	-6.00	-4.40	-7.17	-4.98	-7.92	-28	-29	-18	-17
Purchase of Investments	-5.00	-54	-25	0.00	0.00	-	-39	-317	-363	-369	-120
Sale and/or Maturity of Investments	0.00	81	0.00	0.00	0.00	39	213	443	244	230	40
Other Investing Activities, net	28	28	4.29	-8.63	0.00	0.00	-	-2.85	0.08	-0.12	-2.50
Net Cash From Financing Activities	199	-120	-28	-331	44	-2.83	30	175	201	203	68
Net Cash From Continuing Financing Activities	199	-120	-28	-331	44	-2.83	30	175	201	203	68
Repayment of Debt	-4.02	0.00	0.00	-1,044	-28	-924	-208	-6.59	-14	-15	-2.99
Repurchase of Common Equity	-33	-4.82	-18	0.00	0.00	-	-	-	-	-	-
Issuance of Debt	245	0.00	0.00	721	78	921	238	182	525	362	75
Other Financing Activities, net	-9.10	-116	-10	-8.16	-4.77	0.33	0.40	-0.23	-310	-144	-4.01
Effect of Exchange Rate Changes	0.03	0.09	0.01	0.04	-1.95	-0.25	-	-	-	0.79	-0.04
Cash Interest Paid	56	68	41	71	106	141	101	86	28	39	30
Cash Income Taxes Paid	3.10	1.00	0.38	0.38	0.40	0.49	0.40	0.10	0.31	0.45	0.41

This table details how cash moves in and out of Gogo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-135	15	8.73	14	53	-11	-66	13	-1.61	-12
Net Cash From Operating Activities	-38	25	25	30	26	19	16	19	31	28
Net Cash From Continuing Operating Activities	-38	25	25	30	26	19	16	19	31	28
Net Income / (Loss) Continuing Operations	-28	11	0.84	30	14	21	90	20	28	20
Consolidated Net Income / (Loss)	-28	11	0.84	30	14	21	90	20	28	20
Depreciation Expense	7.23	4.02	3.89	3.84	4.68	4.69	4.54	2.79	2.57	2.72
Amortization Expense	1.56	1.30	1.32	1.48	1.32	1.22	0.88	0.87	0.84	0.82
Non-Cash Adjustments To Reconcile Net Income	11	0.22	6.59	4.73	5.54	8.72	-2.61	5.93	9.17	6.90
Changes in Operating Assets and Liabilities, net	-30	8.97	12	-11	0.15	-17	-77	-12	-8.78	-2.91
Net Cash From Investing Activities	-334	-0.54	-0.08	-2.60	33	-27	22	1.56	-31	-19
Net Cash From Continuing Investing Activities	-334	-0.54	-0.08	-2.60	33	-27	22	1.56	-31	-19
Purchase of Property, Plant & Equipment	-4.25	-4.42	-3.39	-1.45	-2.26	-3.60	-7.29	-3.11	-8.73	-18
Acquisitions	-337	-3.78	-3.14	-2.72	-3.11	-1.76	-1.47	-1.48	-1.26	-2.28
Other Investing Activities, net	6.91	7.66	6.45	6.57	7.64	7.68	6.40	6.09	3.49	0.80
Net Cash From Financing Activities	238	-9.45	-16	-13	-6.55	-2.41	-104	-7.45	-1.74	-20
Net Cash From Continuing Financing Activities	238	-9.45	-16	-13	-6.55	-2.41	-104	-7.45	-1.74	-20
Repurchase of Common Equity	-2.42	-7.61	-13	-10	-4.82	-	-	0.00	-	-
Other Financing Activities, net	-0.97	-1.84	-3.14	-3.16	-1.73	-2.41	-104	-7.45	-1.74	-2.03
Cash Interest Paid	13	15	14	14	14	14	25	15	12	9.16
Cash Income Taxes Paid	0.83	1.12	1.14	0.01	0.58	0.06	0.36	0.01	0.09	0.18

This table presents Gogo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	1,229	782	760	648	674	1,215	1,265	985	1,246	1,004	756
Total Current Assets	323	315	324	250	512	425	586	262	605	468	295
Cash & Equivalents	42	139	151	146	435	170	184	196	117	147	211
Accounts Receivable	112	48	54	38	40	42	134	-	74	69	49
Inventories, net	98	63	49	34	28	35	193	46	50	21	22
Prepaid Expenses	55	64	45	32	8.93	6.81	35	20	25	11	13
Other Current Assets	17	-	-	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	119	98	105	64	63	69	512	656	520	434	363
Total Noncurrent Assets	787	369	331	334	98	721	168	67	122	102	98
Long-Term Investments	4.21	-	-	-	-	-	-	-	-	-	-
Goodwill	185	0.62	50	50	53	52	83	-	86	0.62	0.62
Intangible Assets	275	55	-	-	-	-	-	-	-	79	78
Noncurrent Deferred & Refundable Income Taxes	217	217	163	185	0.00	-	-	-	-	-	-
Other Noncurrent Operating Assets	105	97	119	99	45	48	84	67	36	15	11
Total Liabilities & Shareholders' Equity	1,229	782	760	648	674	1,215	1,265	-911	1,246	1,004	756
Total Liabilities	1,160	741	861	968	1,315	1,614	1,534	178	1,287	938	559
Total Current Liabilities	182	72	84	189	438	253	300	43	251	198	151
Short-Term Debt	2.50	7.25	7.25	110	341	0.00	-	-	2.80	21	10
Accounts Payable	67	16	14	17	11	5.50	24	-	32	28	41
Accrued Expenses	82	48	60	60	83	48	213	-	148	102	66
Current Deferred Revenue	30	1.00	3.42	1.83	3.11	2.23	63	43	69	46	34
Total Noncurrent Liabilities	978	669	777	779	877	1,361	1,234	135	1,036	741	407
Long-Term Debt	832	588	690	695	828	1,101	1,025	-	801	543	291
Capital Lease Obligations	68	-	-	-	38	-	129	-	136	122	84
Other Noncurrent Operating Liabilities	78	81	87	85	11	50	80	135	99	69	26
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	69	41	-102	-320	-641	-399	-269	-1,089	-40	66	198
Total Preferred & Common Equity	69	41	-102	-320	-641	-399	-269	-192	-40	66	198
Total Common Equity	69	41	-102	-320	-641	-399	-269	-1,089	-40	66	198
Common Stock	1,460	1,402	1,386	1,258	1,089	980	963	-	879	861	884
Retained Earnings	-1,200	-1,214	-1,360	-1,452	-1,630	-1,376	-1,229	-1,089	-917	-793	-685
Treasury Stock	-196	-163	-158	-129	-99	0.00	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	5.57	16	30	1.79	-1.01	-2.26	-3.55	-	-2.16	-2.19	-1.20

This table presents Gogo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	811	803	809	767	746	759	729
Total Current Assets	347	345	335	287	257	335	290
Cash & Equivalents	177	162	153	86	97	163	152
Accounts Receivable	46	54	49	49	51	47	49
Inventories, net	75	69	69	63	60	54	47
Prepaid Expenses	50	61	64	64	49	46	42
Plant, Property, & Equipment, net	94	95	96	101	104	105	99
Total Noncurrent Assets	369	363	378	379	385	319	340
Noncurrent Note & Lease Receivables	3.76	3.44	18	-	-	-	-
Goodwill	65	61	58	53	51	50	50
Noncurrent Deferred & Refundable Income Taxes	209	207	206	218	224	161	164
Other Noncurrent Operating Assets	91	91	95	109	110	108	125
Total Liabilities & Shareholders' Equity	811	803	809	767	746	759	729
Total Liabilities	758	751	747	734	736	847	857
Total Current Liabilities	97	87	80	63	62	73	78
Short-Term Debt	7.25	7.25	7.25	7.25	7.25	7.25	7.25
Accounts Payable	26	25	23	15	17	14	18
Accrued Expenses	61	53	48	38	36	49	51
Current Deferred Revenue	1.84	1.86	2.15	1.70	1.88	2.36	1.60
Total Noncurrent Liabilities	661	663	667	671	674	774	779
Long-Term Debt	584	585	586	589	590	689	691
Other Noncurrent Operating Liabilities	77	78	8.59	83	84	85	88
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	53	52	62	34	9.21	-88	-128
Total Preferred & Common Equity	53	52	62	34	9.21	-88	-128
Total Common Equity	53	52	62	34	9.21	-88	-128
Common Stock	1,414	1,409	1,404	1,396	1,392	1,386	1,384
Retained Earnings	-1,172	-1,183	-1,183	-1,228	-1,249	-1,339	-1,387
Treasury Stock	-194	-186	-173	-158	-158	-158	-158
Accumulated Other Comprehensive Income / (Loss)	4.96	12	15	24	25	23	33

This table displays calculated financial ratios and metrics derived from Gogo's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.85%	-1.61%	20.36%	24.47%	-12.71%	6.49%	-58.50%	17.19%	19.10%	22.62%	24.49%
EBITDA Growth	-50.26%	-7.56%	12.25%	27.95%	-17.15%	11.68%	16.32%	1.32%	80.36%	231.01%	174.87%
EBIT Growth	-61.56%	-11.76%	17.91%	57.94%	-20.87%	17.20%	226.65%	-152.25%	45.93%	5.94%	37.41%
NOPAT Growth	-79.03%	49.53%	46.78%	57.99%	-20.91%	17.13%	228.25%	-141.25%	40.60%	11.50%	-13.44%
Net Income Growth	-90.56%	58.24%	-39.73%	161.09%	-71.25%	9.89%	5.79%	-38.14%	-15.70%	-27.30%	24.04%
EPS Growth	-90.83%	53.52%	-44.53%	142.11%	-67.96%	10.40%	6.91%	-37.34%	-17.04%	-36.36%	67.54%
Operating Cash Flow Growth	-47.55%	-23.63%	55.04%	1,377.89%	103.50%	-6,907.40%	-96.86%	-7.28%	-38.02%	261.92%	62.86%
Free Cash Flow Firm Growth	-457.78%	159.47%	134.09%	-274.13%	-87.82%	8,391.37%	103.22%	-151.79%	-86.09%	56.33%	-9.10%
Invested Capital Growth	86.45%	18.14%	24.21%	159.19%	-11.76%	-77.65%	8.32%	37.83%	17.44%	3.85%	23.21%
Revenue Q/Q Growth	9.88%	-20.59%	36.76%	4.57%	4,052.70%	185.60%	-66.44%	4.17%	3.87%	6.04%	4.26%
EBITDA Q/Q Growth	-40.00%	-31.81%	66.65%	9.40%	-21.34%	37.06%	-14.63%	6.79%	12.53%	51.44%	11.14%
EBIT Q/Q Growth	-51.58%	-36.11%	83.42%	15.96%	-28.01%	-35.91%	357.09%	-24.08%	37.13%	-5.05%	-1.52%
NOPAT Q/Q Growth	-49.43%	-27.21%	-71.69%	15.99%	-29.97%	-34.69%	360.34%	-23.56%	32.36%	0.59%	-1.57%
Net Income Q/Q Growth	-75.64%	-32.97%	-59.02%	334.51%	8.49%	20.36%	-12.93%	-9.00%	5.28%	-9.98%	-2.43%
EPS Q/Q Growth	-76.74%	-8.40%	-69.66%	341.51%	8.98%	20.61%	-12.22%	-9.05%	4.82%	-11.57%	-115.94%
Operating Cash Flow Q/Q Growth	-60.88%	-6.30%	1.10%	224.51%	102.46%	-176.15%	106.90%	285.49%	3.70%	7.60%	-14.98%
Free Cash Flow Firm Q/Q Growth	-403.95%	-29.17%	-68.00%	-117.81%	1.00%	676.77%	103.96%	-33.93%	0.56%	7.33%	0.00%
Invested Capital Q/Q Growth	98.14%	-4.29%	0.50%	202.68%	-82.15%	-79.60%	-5.00%	11.88%	4.62%	3.04%	4.17%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	69.56%	100.00%	100.00%	68.10%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	16.38%	36.84%	39.21%	42.05%	40.90%	43.10%	41.09%	14.66%	16.96%	11.20%	4.15%
Operating Margin	11.53%	31.23%	35.22%	35.93%	28.31%	31.24%	28.40%	-9.19%	-4.47%	-8.95%	-12.40%
EBIT Margin	10.85%	31.56%	35.19%	35.92%	28.31%	31.23%	28.38%	-9.30%	-4.32%	-9.52%	-12.41%
Profit (Net Income) Margin	3.09%	36.64%	22.78%	45.50%	-92.70%	-47.25%	-55.84%	-24.60%	-20.87%	-21.48%	-20.70%
Tax Burden Percent	75.80%	149.26%	87.08%	-498.47%	513.37%	166.04%	290.31%	98.85%	101.07%	101.16%	101.42%
Interest Burden Percent	37.60%	77.78%	74.34%	-25.41%	-63.78%	-91.12%	-67.79%	267.63%	477.98%	223.16%	164.48%
Effective Tax Rate	24.20%	-49.26%	12.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.47%	40.44%	32.68%	36.02%	38.39%	16.69%	9.07%	-8.53%	-4.54%	-8.47%	-10.77%
ROIC Less NNEP Spread (ROIC-NNEP)	1.64%	32.33%	27.28%	45.57%	-7.65%	-12.22%	-7.64%	-20.17%	-31.18%	-40.44%	-62.31%
Return on Net Nonoperating Assets (RNNOA)	19.52%	-516.94%	-76.31%	-67.80%	9.69%	27.05%	14.79%	38.98%	-960.54%	-73.07%	-25.36%
Return on Equity (ROE)	24.98%	-476.51%	-43.63%	-31.78%	48.08%	43.74%	23.86%	30.45%	-965.08%	-81.54%	-36.13%
Cash Return on Invested Capital (CROIC)	-54.89%	23.80%	11.09%	-52.62%	50.88%	143.62%	1.08%	-40.35%	-20.58%	-12.25%	-31.57%
Operating Return on Assets (OROA)	4.80%	16.28%	20.21%	18.26%	8.09%	7.78%	7.32%	-5.83%	-2.29%	-5.41%	-7.01%
Return on Assets (ROA)	1.37%	18.91%	13.08%	23.12%	-26.48%	-11.78%	-14.40%	-15.41%	-11.06%	-12.22%	-11.70%
Return on Common Equity (ROCE)	24.98%	-476.51%	-43.63%	-31.78%	48.08%	43.74%	23.86%	30.45%	-965.08%	-81.54%	-36.13%
Return on Equity Simple (ROE_SIMPLE)	19.83%	357.71%	-90.37%	-47.71%	39.00%	36.60%	60.29%	89.78%	308.23%	-162.57%	-42.75%
Net Operating Profit after Tax (NOPAT)	39	185	124	84	53	68	58	-45	-19	-31	-35
NOPAT Margin	8.74%	46.61%	30.67%	25.15%	19.82%	21.87%	19.88%	-6.43%	-3.13%	-6.27%	-8.68%
Net Nonoperating Expense Percent (NNEP)	3.83%	8.11%	5.40%	-9.55%	46.04%	28.91%	16.70%	11.63%	26.64%	31.97%	51.54%
Return On Investment Capital (ROIC_SIMPLE)	4.00%	29.16%	20.81%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	30.44%	0.00%	0.00%	31.90%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	28.12%	14.41%	14.40%	15.36%	20.19%	17.68%	19.96%	13.40%	14.24%	17.32%	17.32%
R&D to Revenue	10.07%	9.23%	7.32%	7.41%	9.35%	8.42%	6.38%	19.07%	16.21%	17.46%	17.02%
Operating Expenses to Revenue	88.47%	68.77%	64.78%	33.63%	71.69%	68.76%	39.70%	109.19%	104.47%	108.95%	112.40%
Earnings before Interest and Taxes (EBIT)	48	125	142	121	76	97	82	-65	-26	-48	-51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	73	146	158	141	110	133	119	103	101	56	17
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.68	32.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.08	7.13
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.88
Price to Revenue (P/Rev)	2.29	3.28	4.65	4.43	3.04	1.83	0.90	1.40	1.33	3.05	3.45
Price to Earnings (P/E)	74.03	8.96	20.41	9.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.35%	11.16%	4.90%	10.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.02	3.55	5.71	6.34	12.20	10.11	1.80	1.28	2.89	4.89	4.36
Enterprise Value to Revenue (EV/Rev)	4.21	4.43	5.94	6.39	5.90	4.84	4.11	1.12	2.14	3.69	3.88
Enterprise Value to EBITDA (EV/EBITDA)	25.72	12.02	15.15	15.20	14.44	11.23	10.00	7.63	12.64	32.92	93.41
Enterprise Value to EBIT (EV/EBIT)	38.85	14.03	16.88	17.80	20.86	15.50	14.48	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	48.21	9.50	19.37	25.42	29.80	22.13	20.66	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	45.24	22.30	23.22	32.18	352.89	0.00	630.02	12.99	19.68	17.61	54.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.14	57.10	0.00	22.48	2.57	174.09	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	13.02	14.60	-6.85	-2.51	-1.88	-2.76	-4.29	0.00	-23.26	10.36	1.95
Long-Term Debt to Equity	12.98	14.43	-6.78	-2.17	-1.35	-2.76	-4.29	0.00	-23.19	10.04	1.89
Financial Leverage	11.92	-15.99	-2.80	-1.49	-1.27	-2.21	-1.94	-1.93	30.80	1.81	0.41
Leverage Ratio	18.27	-25.20	-3.33	-1.37	-1.82	-3.71	-1.66	-1.98	87.22	6.67	3.09
Compound Leverage Factor	6.87	-19.60	-2.48	0.35	1.16	3.38	1.12	-5.29	416.92	14.89	5.08
Debt to Total Capital	92.86%	93.59%	117.10%	166.12%	213.30%	156.79%	130.36%	0.00%	104.49%	91.19%	66.05%
Short-Term Debt to Total Capital	0.26%	1.14%	1.22%	22.64%	60.26%	0.00%	0.00%	0.00%	0.31%	2.83%	1.78%
Long-Term Debt to Total Capital	92.61%	92.45%	115.89%	143.48%	153.04%	156.79%	130.36%	0.00%	104.18%	88.36%	64.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	7.14%	6.41%	-17.10%	-66.12%	-113.30%	-56.79%	-30.36%	100.00%	-4.49%	8.81%	33.95%
Debt to EBITDA	12.38	4.06	4.40	5.70	10.94	8.27	9.68	0.00	9.29	12.22	22.71
Net Debt to EBITDA	11.75	3.11	3.29	4.66	6.99	6.99	7.80	0.00	4.78	5.68	10.24
Long-Term Debt to EBITDA	12.35	4.01	4.36	4.92	7.85	8.27	9.68	0.00	9.26	11.84	22.09
Debt to NOPAT	23.22	3.21	5.63	9.53	22.58	16.30	20.00	0.00	-50.38	-21.84	-10.85
Net Debt to NOPAT	22.03	2.46	4.21	7.80	14.44	13.78	16.13	0.00	-25.94	-10.15	-4.89
Long-Term Debt to NOPAT	23.15	3.17	5.57	8.23	16.20	16.30	20.00	0.00	-50.23	-21.16	-10.56
Altman Z-Score	-0.21	0.29	0.33	-0.97	-2.11	-0.69	-0.54	2.51	0.09	0.54	0.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	4.37	3.84	1.33	1.17	1.68	1.95	6.04	2.41	2.37	1.95
Quick Ratio	0.84	2.60	2.72	0.97	1.08	0.84	1.19	4.52	2.11	2.21	1.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-390	109	42	-123	71	581	6.85	-213	-84	-45	-104
Operating Cash Flow to CapEx	306.73%	485.46%	235.47%	2,043.41%	248.24%	-8,644.03%	69.33%	23.88%	43.82%	77.56%	21.94%
Free Cash Flow to Firm to Interest Expense	-10.16	3.09	1.08	-0.81	0.56	3.09	0.05	-1.90	-0.85	-0.77	-3.17
Operating Cash Flow to Interest Expense	1.08	2.24	2.66	0.44	0.04	-0.68	0.01	0.54	0.66	1.78	0.89
Operating Cash Flow Less CapEx to Interest Expense	0.73	1.78	1.53	0.42	0.02	-0.69	-0.01	-1.72	-0.84	-0.52	-3.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.52	0.57	0.51	0.29	0.25	0.26	0.63	0.53	0.57	0.57
Accounts Receivable Turnover	5.57	7.76	8.79	8.66	6.57	3.50	0.00	0.00	8.34	8.50	11.01
Inventory Turnover	0.00	0.00	0.00	3.29	0.00	0.00	0.78	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.09	3.92	4.80	5.28	4.07	1.06	0.50	1.19	1.25	1.26	1.30
Accounts Payable Turnover	0.00	0.00	0.00	7.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	65.56	47.02	41.53	42.16	55.59	104.33	0.00	0.00	43.77	42.93	33.15
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	110.88	0.00	0.00	470.45	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	50.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	65.56	47.02	41.53	102.66	55.59	104.33	470.45	0.00	43.77	42.93	33.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	926	496	420	338	131	148	662	611	443	377	363
Invested Capital Turnover	0.63	0.87	1.07	1.43	1.94	0.76	0.46	1.33	1.45	1.35	1.24
Increase / (Decrease) in Invested Capital	429	76	82	208	-17	-514	51	168	66	14	68
Enterprise Value (EV)	1,874	1,761	2,401	2,146	1,593	1,495	1,192	782	1,279	1,847	1,583
Market Capitalization	1,018	1,305	1,879	1,488	821	564	262	979	795	1,528	1,409
Book Value per Share	$0.55	$0.32	($0.80)	($3.10)	($7.52)	($4.52)	($3.07)	($12.55)	($0.47)	$0.77	$2.32
Tangible Book Value per Share	($3.11)	($0.12)	($1.19)	($3.58)	($8.14)	($5.11)	($4.03)	($12.55)	($1.46)	($0.15)	$1.39
Total Capital	972	635	596	484	566	702	885	-1,089	899	752	583
Total Debt	902	595	697	804	1,207	1,101	1,154	0.00	939	686	385
Total Long-Term Debt	900	588	690	695	866	1,101	1,154	0.00	937	664	374
Net Debt	856	456	522	658	772	931	931	-196	484	319	174
Capital Expenditures (CapEx)	14	16	44	3.26	1.82	1.49	2.73	252	148	135	132
Debt-free, Cash-free Net Working Capital (DFCFNWC)	102	111	72	25	-20	2.17	62	22	-99	-75	-57
Debt-free Net Working Capital (DFNWC)	144	250	247	171	415	172	286	219	356	292	154
Net Working Capital (NWC)	141	243	240	61	74	172	286	219	354	270	143
Net Nonoperating Expense (NNE)	25	40	32	-68	303	214	220	127	106	76	49
Net Nonoperating Obligations (NNO)	856	456	522	658	772	547	931	1,700	484	311	166
Total Depreciation and Amortization (D&A)	25	21	16	21	34	37	37	168	127	104	68
Debt-free, Cash-free Net Working Capital to Revenue	22.89%	27.87%	17.74%	7.48%	-7.51%	0.70%	21.49%	3.20%	-16.65%	-15.00%	-14.07%
Debt-free Net Working Capital to Revenue	32.28%	62.84%	61.14%	50.94%	153.90%	55.73%	98.51%	31.29%	59.75%	58.24%	37.64%
Net Working Capital to Revenue	31.72%	61.02%	59.34%	18.29%	27.47%	55.73%	98.51%	31.29%	59.29%	53.99%	35.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.11	$1.12	$0.75	$1.46	($3.04)	($1.81)	($2.02)	($2.17)	($1.58)	($1.35)	($0.99)
Adjusted Weighted Average Basic Shares Outstanding	128.53M	129.75M	123.27M	103.40M	86.40M	83.32M	87.56M	86.84M	86.30M	85.91M	85.31M
Adjusted Diluted Earnings per Share	$0.10	$1.09	$0.71	$1.28	($3.04)	($1.81)	($2.02)	($2.17)	($1.58)	($1.35)	($0.99)
Adjusted Weighted Average Diluted Shares Outstanding	131.46M	133.28M	133.92M	127.21M	86.40M	83.32M	87.56M	86.84M	86.30M	85.91M	85.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($3.04)	($1.81)	($2.02)	($2.17)	($1.58)	($1.35)	($0.99)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.35M	128.07M	127.91M	110.88M	82.27M	80.77M	80.04M	79.41M	78.92M	79.70M	85.15M
Normalized Net Operating Profit after Tax (NOPAT)	39	87	124	84	53	68	58	-45	-19	-31	-35
Normalized NOPAT Margin	8.74%	21.86%	30.67%	25.15%	19.82%	21.87%	19.88%	-6.43%	-3.13%	-6.27%	-8.68%
Pre Tax Income Margin	4.08%	24.55%	26.16%	-9.13%	-18.06%	-28.46%	-19.24%	-24.89%	-20.65%	-21.24%	-20.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.26	3.56	3.66	0.80	0.61	0.51	0.58	-0.58	-0.26	-0.81	-1.55
NOPAT to Interest Expense	1.01	5.25	3.19	0.56	0.42	0.36	0.41	-0.40	-0.19	-0.53	-1.08
EBIT Less CapEx to Interest Expense	0.90	3.10	2.53	0.77	0.59	0.50	0.56	-2.84	-1.76	-3.11	-5.58
NOPAT Less CapEx to Interest Expense	0.66	4.79	2.06	0.54	0.41	0.35	0.39	-2.66	-1.69	-2.83	-5.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	241.42%	3.31%	19.96%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Gogo's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	40.88%	2.63%	-1.13%	5.81%	-51.32%	-7.00%	5.50%	0.00%	117.67%	20.82%
EBITDA Growth	-154.42%	-38.14%	-69.19%	49.29%	-68.71%	0.43%	7.51%	290.91%	171.50%	10.57%
EBIT Growth	-201.78%	-43.01%	-79.57%	49.77%	-73.79%	-6.08%	5.52%	235.85%	200.57%	17.80%
NOPAT Growth	-189.75%	-33.82%	-84.06%	-2.88%	-79.92%	-3.21%	275.07%	259.94%	-70.16%	-15.76%
Net Income Growth	-295.02%	-49.17%	-99.07%	49.10%	-83.20%	3.65%	308.09%	156.40%	-60.62%	84.10%
EPS Growth	-300.00%	-50.00%	-98.51%	53.33%	-47.62%	6.67%	294.12%	-16.67%	-88.59%	-6.25%
Operating Cash Flow Growth	-246.52%	34.57%	59.65%	60.19%	-16.89%	-32.57%	-40.75%	3.63%	3.70%	3.53%
Free Cash Flow Firm Growth	-677.24%	190.54%	-40.50%	-344.40%	-581.54%	73.11%	124.02%	113.71%	-88.82%	-143.09%
Invested Capital Growth	86.45%	-9.94%	-5.21%	36.85%	18.14%	24.05%	8.86%	-5.96%	24.21%	274.10%
Revenue Q/Q Growth	37.07%	-1.50%	-2.17%	6.66%	-0.14%	-5.11%	4.69%	-50.93%	90.77%	7.65%
EBITDA Q/Q Growth	-169.25%	103.16%	-77.08%	68.76%	-21.27%	1.16%	11.08%	-64.63%	152.70%	8.28%
EBIT Q/Q Growth	-233.54%	178.62%	-85.42%	87.65%	-25.22%	-0.11%	6.85%	-67.16%	167.95%	12.23%
NOPAT Q/Q Growth	-201.36%	-10.95%	-26.62%	35.52%	-25.26%	-78.56%	347.18%	-71.98%	260.24%	-16.91%
Net Income Q/Q Growth	-365.41%	1,166.98%	-97.25%	110.76%	-30.82%	-76.72%	339.38%	-76.26%	326.87%	-8.36%
EPS Q/Q Growth	-375.00%	700.00%	-95.65%	109.09%	-31.25%	-76.12%	346.67%	-28.57%	40.00%	-11.76%
Operating Cash Flow Q/Q Growth	-252.46%	0.74%	-15.87%	13.40%	40.02%	19.52%	-15.59%	-41.16%	13.60%	5.02%
Free Cash Flow Firm Q/Q Growth	-753.74%	50.71%	135.02%	-125.28%	23.85%	-199.05%	43.84%	343.86%	104.25%	11.53%
Invested Capital Q/Q Growth	98.14%	-3.23%	-16.03%	15.81%	-4.29%	1.85%	21.24%	-0.02%	0.50%	-10.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	124.42%	100.00%	100.00%	67.74%	100.00%	100.00%	100.00%	100.00%	116.24%	100.00%
EBITDA Margin	-12.42%	24.59%	11.92%	50.89%	32.16%	40.80%	38.27%	36.07%	50.04%	37.78%
Operating Margin	-17.53%	18.97%	21.24%	33.24%	25.43%	34.01%	32.98%	32.38%	48.34%	34.51%
EBIT Margin	-18.80%	19.30%	6.82%	45.79%	26.03%	34.76%	33.02%	32.35%	48.34%	34.42%
Profit (Net Income) Margin	-20.47%	10.57%	0.82%	29.23%	14.79%	21.35%	87.05%	20.74%	42.87%	19.16%
Tax Burden Percent	77.51%	87.48%	86.41%	73.63%	75.73%	75.66%	345.28%	82.33%	96.59%	71.66%
Interest Burden Percent	140.48%	62.63%	13.94%	86.68%	75.04%	81.19%	76.35%	77.87%	91.80%	77.68%
Effective Tax Rate	0.00%	12.52%	13.59%	26.37%	24.27%	24.34%	-245.28%	17.67%	3.41%	28.34%
Return on Invested Capital (ROIC)	-7.67%	13.62%	14.88%	19.84%	16.71%	27.51%	118.42%	30.92%	49.75%	27.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.40%	12.28%	11.04%	20.81%	15.81%	26.67%	113.44%	29.98%	48.45%	26.61%
Return on Net Nonoperating Assets (RNNOA)	-112.04%	128.05%	167.80%	-826.38%	-252.89%	-290.43%	-926.08%	-100.36%	-135.52%	-47.09%
Return on Equity (ROE)	-119.71%	141.68%	182.68%	-806.54%	-236.18%	-262.92%	-807.66%	-69.44%	-85.77%	-19.52%
Cash Return on Invested Capital (CROIC)	-54.89%	26.05%	22.63%	3.67%	23.80%	32.88%	44.09%	47.31%	11.09%	49.59%
Operating Return on Assets (OROA)	-8.32%	9.90%	3.54%	23.55%	13.43%	23.27%	22.84%	22.52%	27.76%	17.35%
Return on Assets (ROA)	-9.06%	5.42%	0.43%	15.03%	7.63%	14.29%	60.21%	14.43%	24.62%	9.66%
Return on Common Equity (ROCE)	-119.71%	141.68%	182.68%	-806.54%	-236.18%	-262.92%	-807.66%	-69.44%	-85.77%	-19.52%
Return on Equity Simple (ROE_SIMPLE)	0.00%	107.02%	128.26%	249.39%	0.00%	647.95%	2,351.27%	-168.78%	0.00%	-175.11%
Net Operating Profit after Tax (NOPAT)	-17	17	19	26	19	25	118	26	94	26
NOPAT Margin	-12.27%	16.59%	18.36%	24.47%	19.26%	25.73%	113.88%	26.66%	46.69%	24.73%
Net Nonoperating Expense Percent (NNEP)	1.72%	1.35%	3.84%	-0.97%	0.89%	0.83%	4.98%	0.94%	1.30%	0.96%
Return On Investment Capital (ROIC_SIMPLE)	-1.74%	-	-	-	2.96%	-	-	-	15.75%	-
Cost of Revenue to Revenue	-24.42%	0.00%	0.00%	32.26%	0.00%	0.00%	0.00%	0.00%	-16.24%	0.00%
SG&A Expenses to Revenue	46.19%	24.79%	21.41%	14.04%	16.92%	13.62%	12.79%	14.40%	6.93%	14.69%
R&D to Revenue	11.24%	9.71%	10.10%	8.83%	10.66%	9.35%	8.94%	7.99%	0.00%	7.58%
Operating Expenses to Revenue	141.95%	81.03%	78.76%	34.50%	74.57%	65.99%	67.02%	67.62%	67.89%	65.49%
Earnings before Interest and Taxes (EBIT)	-26	19	6.96	48	25	34	34	32	97	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-17	25	12	53	31	40	40	36	101	40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	14.68	17.29	23.51	18.01	32.05	45.77	237.43	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	246.10	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.29	2.25	3.04	2.79	3.28	3.07	4.31	3.69	4.65	5.28
Price to Earnings (P/E)	74.03	16.15	18.33	7.22	8.96	7.06	10.10	12.47	20.41	6.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.35%	6.19%	5.46%	13.85%	11.16%	14.16%	9.90%	8.02%	4.90%	14.40%
Enterprise Value to Invested Capital (EV/IC)	2.02	2.84	3.43	2.85	3.55	3.90	5.28	5.62	5.71	5.04
Enterprise Value to Revenue (EV/Rev)	4.21	3.28	4.11	4.06	4.43	4.04	5.29	4.70	5.94	7.13
Enterprise Value to EBITDA (EV/EBITDA)	25.72	10.92	12.10	9.98	12.02	9.41	12.47	11.10	15.15	22.15
Enterprise Value to EBIT (EV/EBIT)	38.85	13.31	14.47	11.58	14.03	10.29	13.47	11.95	16.88	27.17
Enterprise Value to NOPAT (EV/NOPAT)	48.21	17.25	19.29	9.46	9.50	7.94	10.46	13.24	19.37	4.81
Enterprise Value to Operating Cash Flow (EV/OCF)	45.24	12.52	16.63	18.17	22.30	23.97	28.80	22.71	23.22	20.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.33	14.73	89.63	16.14	13.12	12.48	11.52	57.10	16.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	13.02	11.21	11.39	10.66	14.60	17.77	64.84	-7.90	-6.85	-5.45
Long-Term Debt to Equity	12.98	11.07	11.25	10.54	14.43	17.55	64.05	-7.82	-6.78	-5.39
Financial Leverage	11.92	10.43	15.20	-39.71	-15.99	-10.89	-8.16	-3.35	-2.80	-1.77
Leverage Ratio	18.27	18.29	25.29	-61.01	-25.20	-15.79	-10.77	-3.91	-3.33	-1.70
Compound Leverage Factor	25.67	11.46	3.53	-52.88	-18.91	-12.82	-8.22	-3.05	-3.06	-1.32
Debt to Total Capital	92.86%	91.81%	91.93%	91.42%	93.59%	94.67%	98.48%	114.49%	117.10%	122.49%
Short-Term Debt to Total Capital	0.26%	1.13%	1.13%	1.00%	1.14%	1.15%	1.20%	1.19%	1.22%	1.27%
Long-Term Debt to Total Capital	92.61%	90.68%	90.80%	90.42%	92.45%	93.52%	97.29%	113.30%	115.89%	121.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	7.14%	8.19%	8.07%	8.58%	6.41%	5.33%	1.52%	-14.49%	-17.10%	-22.49%
Debt to EBITDA	12.38	4.87	4.33	4.06	4.06	2.77	2.77	3.27	4.40	7.35
Net Debt to EBITDA	11.75	3.41	3.15	3.12	3.11	2.26	2.32	2.39	3.29	5.75
Long-Term Debt to EBITDA	12.35	4.81	4.28	4.01	4.01	2.74	2.74	3.24	4.36	7.27
Debt to NOPAT	23.22	7.69	6.91	3.84	3.21	2.34	2.33	3.90	5.63	1.60
Net Debt to NOPAT	22.03	5.39	5.02	2.96	2.46	1.91	1.95	2.85	4.21	1.25
Long-Term Debt to NOPAT	23.15	7.60	6.82	3.80	3.17	2.31	2.30	3.86	5.57	1.58
Altman Z-Score	-0.41	-0.35	-0.17	-0.07	-0.13	0.16	0.58	0.06	0.14	-0.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	3.58	3.95	4.20	4.37	4.59	4.11	4.57	3.84	3.73
Quick Ratio	0.84	2.29	2.46	2.53	2.60	2.56	2.37	3.20	2.72	2.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-446	68	45	-129	-57	-75	76	53	12	-280
Operating Cash Flow to CapEx	-901.62%	569.03%	736.83%	2,043.90%	1,156.66%	518.81%	214.24%	594.92%	360.56%	156.44%
Free Cash Flow to Firm to Interest Expense	-36.45	7.06	5.58	-15.37	-6.96	-9.39	7.59	5.89	1.26	-31.92
Operating Cash Flow to Interest Expense	-3.13	2.60	3.08	3.53	3.17	2.33	1.56	2.06	3.34	3.15
Operating Cash Flow Less CapEx to Interest Expense	-3.48	2.14	2.66	3.35	2.90	1.88	0.83	1.72	2.41	1.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.51	0.52	0.51	0.52	0.67	0.69	0.70	0.57	0.50
Accounts Receivable Turnover	5.57	8.50	7.72	8.39	7.76	10.16	10.68	11.32	8.79	6.60
Inventory Turnover	0.00	2.42	2.58	2.69	0.00	0.00	0.00	0.00	0.00	3.52
Fixed Asset Turnover	4.09	4.16	4.05	4.02	3.92	5.02	5.40	5.70	4.80	3.76
Accounts Payable Turnover	0.00	7.98	7.82	8.93	0.00	0.00	0.00	0.00	0.00	8.33
Days Sales Outstanding (DSO)	65.56	42.94	47.31	43.49	47.02	35.94	34.18	32.24	41.53	55.34
Days Inventory Outstanding (DIO)	0.00	150.77	141.64	135.60	0.00	0.00	0.00	0.00	0.00	103.64
Days Payable Outstanding (DPO)	0.00	45.76	46.68	40.87	0.00	0.00	0.00	0.00	0.00	43.84
Cash Conversion Cycle (CCC)	65.56	147.95	142.27	138.22	47.02	35.94	34.18	32.24	41.53	115.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	926	467	483	575	496	519	509	420	420	418
Invested Capital Turnover	0.63	0.82	0.81	0.81	0.87	1.07	1.04	1.16	1.07	1.12
Increase / (Decrease) in Invested Capital	429	-52	-27	155	76	101	41	-27	82	306
Enterprise Value (EV)	1,874	1,326	1,654	1,637	1,761	2,021	2,687	2,363	2,401	2,106
Market Capitalization	1,018	912	1,223	1,124	1,305	1,535	2,187	1,855	1,879	1,560
Book Value per Share	$0.55	$0.42	$0.41	$0.49	$0.32	$0.26	$0.07	($0.69)	($0.80)	($1.00)
Tangible Book Value per Share	($3.11)	($0.10)	($0.07)	$0.04	($0.12)	($0.15)	($0.33)	($1.08)	($1.19)	($1.39)
Total Capital	972	644	644	728	635	630	607	608	596	570
Total Debt	902	591	592	665	595	596	597	696	697	699
Total Long-Term Debt	900	584	585	658	588	589	590	689	690	691
Net Debt	856	414	431	512	456	485	500	508	522	546
Capital Expenditures (CapEx)	4.25	4.42	3.39	1.45	2.26	3.60	7.29	3.11	8.73	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	102	81	103	110	111	121	104	81	72	68
Debt-free Net Working Capital (DFNWC)	144	258	265	263	250	232	202	269	247	220
Net Working Capital (NWC)	141	250	258	255	243	224	194	262	240	212
Net Nonoperating Expense (NNE)	11	6.05	18	-4.96	4.37	4.29	28	5.84	7.69	5.87
Net Nonoperating Obligations (NNO)	856	414	431	512	456	485	500	508	522	546
Total Depreciation and Amortization (D&A)	8.79	5.32	5.20	5.32	6.00	5.92	5.42	3.66	3.41	3.54
Debt-free, Cash-free Net Working Capital to Revenue	22.89%	20.01%	25.68%	27.24%	27.87%	24.12%	20.55%	16.18%	17.74%	22.86%
Debt-free Net Working Capital to Revenue	32.28%	63.66%	65.85%	65.13%	62.84%	46.25%	39.68%	53.58%	61.14%	74.36%
Net Working Capital to Revenue	31.72%	61.87%	64.05%	63.34%	61.02%	44.81%	38.25%	52.13%	59.34%	71.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.22)	$0.08	$0.01	$0.24	$0.11	$0.16	$0.69	$0.16	$0.21	$0.16
Adjusted Weighted Average Basic Shares Outstanding	128.53M	127.92M	128.30M	129.27M	129.75M	129.95M	129.81M	129.14K	123.27M	129.91M
Adjusted Diluted Earnings per Share	($0.22)	$0.08	$0.01	$0.23	$0.11	$0.16	$0.67	$0.15	$0.21	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	131.46M	130.39M	131.73M	132.44M	133.28M	133.32M	133.23M	133.60K	133.92M	134.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.35M	125.78M	126.95M	127.10M	128.07M	128.84M	128.70M	128.59M	127.91M	127.27M
Normalized Net Operating Profit after Tax (NOPAT)	-17	17	19	26	19	25	24	26	94	26
Normalized NOPAT Margin	-12.27%	16.59%	18.36%	24.47%	19.26%	25.73%	23.09%	26.66%	46.69%	24.73%
Pre Tax Income Margin	-26.42%	12.09%	0.95%	39.70%	19.53%	28.22%	25.21%	25.19%	44.38%	26.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.12	2.01	0.86	5.68	3.09	4.24	3.40	3.55	10.30	4.13
NOPAT to Interest Expense	-1.38	1.73	2.31	3.04	2.28	3.14	11.72	2.93	9.95	2.97
EBIT Less CapEx to Interest Expense	-2.46	1.55	0.44	5.51	2.81	3.79	2.67	3.21	9.37	2.11
NOPAT Less CapEx to Interest Expense	-1.73	1.27	1.89	2.86	2.01	2.69	10.99	2.58	9.02	0.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	241.42%	63.06%	41.94%	9.61%	3.31%	0.00%	0.00%	0.00%	19.96%	8.18%

Frequently Asked Questions About Gogo's Financials

When does Gogo's financial year end?

According to the most recent income statement we have on file, Gogo's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Gogo's net income changed over the last 10 years?

Gogo's net income appears to be on a downward trend, with a most recent value of $13.75 million in 2024, falling from -$84.54 million in 2014. The previous period was $145.68 million in 2023. See where experts think Gogo is headed by visiting Gogo's forecast page.

What is Gogo's operating income?

Gogo's total operating income in 2024 was $51.27 million, based on the following breakdown:

Total Gross Profit: $444.71 million
Total Operating Expenses: $393.44 million

How has Gogo revenue changed over the last 10 years?

Over the last 10 years, Gogo's total revenue changed from $408.49 million in 2014 to $444.71 million in 2024, a change of 8.9%.

How much debt does Gogo have?

Gogo's total liabilities were at $1.16 billion at the end of 2024, a 56.6% increase from 2023, and a 107.7% increase since 2014.

How much cash does Gogo have?

In the past 10 years, Gogo's cash and equivalents has ranged from $41.77 million in 2024 to $435.35 million in 2020, and is currently $41.77 million as of their latest financial filing in 2024.

How has Gogo's book value per share changed over the last 10 years?

Over the last 10 years, Gogo's book value per share changed from 2.32 in 2014 to 0.55 in 2024, a change of -76.2%.

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This page (NASDAQ:GOGO) was last updated on 5/29/2025 by MarketBeat.com Staff

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Gogo (GOGO) Financials

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