← Gogo Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($124.5m) ($172.0m) ($162.0m) ($146.0m) ($250.0m) $152.7m $92.1m $145.7m $13.7m $12.9m
Net Income (Loss) Available to Common Stockholders, Basic ($124.5m) ($172.0m) ($162.0m) ($146.0m) ($250.0m) $156.6m $92.1m $145.7m $13.7m $12.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — ($162.0m) ($146.0m) ($48.6m) $156.6m $92.1m $145.7m $13.7m $12.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — ($48.6m) $156.6m $92.1m $145.7m $13.7m $12.9m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — ($48.6m) $156.6m $92.1m $145.7m — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — ($201.5m) ($3.9m) $0 $0 — —
Depreciation, Depletion and Amortization $105.6m $145.5m $133.6m $118.8m $14.2m $15.5m $12.6m $16.7m $19.0m $60.3m
Amortization — — — — $42.0m — — — — —
Amortization of Debt Issuance Costs $3.8m $3.7m $4.3m $5.3m $5.9m $4.7m $3.1m $2.4m $2.5m $3.5m
Amortization of Intangible Assets $21.6m $24.9m $26.5m $19.6m $6.3m $7.5m $4.7m $2.0m $3.9m $39.9m
Depreciation $84.1m $120.6m $107.1m $99.2m $14.2m $7.9m $7.9m $14.7m $15.1m $20.4m
Deferred Income Tax Expense (Benefit) $839k ($2.3m) ($3.8m) $178k ($232k) ($187.3m) $13.2m ($49.2m) $3.2m $10.0m
Share-based Payment Arrangement, Noncash Expense $17.6m $19.8m $16.9m $16.5m $7.8m $13.3m $19.1m $21.3m $20.8m $24.1m
Share-based Payment Arrangement, Expense $17.6m $19.8m $16.9m $16.5m $7.8m $13.3m $19.1m $21.3m $20.8m $24.1m
Goodwill and Intangible Asset Impairment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Extinguishment of Debt ($15.4m) — ($19.7m) ($58.0m) — ($84.0m) $0 ($2.2m) $0 $0
Gain (Loss) on Disposition of Assets ($4.6m) ($9.0m) ($13.4m) ($13.9m) ($64k) ($141k) ($1.6m) ($362k) ($2.9m) ($504k)
Income Tax Expense (Benefit) $1.3m ($2.0m) ($3.3m) $1.0m ($146k) ($187.2m) $13.7m ($48.1m) $4.4m $13.9m
Interest Expense Nonoperating — — — — — — — — $38.4m $68.2m
Other Nonoperating Income (Expense) $72k ($750k) ($233k) $2.6m $9k ($25k) ($123k) $1.3m ($3.0m) ($11.9m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $4.3m $43.8m $17.1m ($29.9m) ($1.3m) ($1.9m) $17.5m ($4.8m) ($3.0m) $5.0m
Increase (Decrease) in Inventories $29.3m ($4.7m) $50.8m ($29.1m) ($7.1m) $5.9m $15.5m $13.7m $16.2m $1.1m
Increase (Decrease) in Accounts Payable ($3.1m) $3.4m ($3.9m) ($4.1m) $5.0m $3.8m ($2.5m) $3.7m ($11.3m) $10.6m
Accounts Receivable, Credit Loss Expense (Reversal) — — — — $10.7m — — — — —
Accretion Expense $17.5m $19.5m $21.1m $15.7m $13.9m $419k $456k $403k $510k $1.8m
Asset Retirement Obligation, Accretion Expense $835k $981k $1.0m $848k $416k $460k $553k $558k $641k $714k
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — ($38.0m) ($1.6m) $0 — — —
General and Administrative Expense $84.9m $93.7m $94.3m $89.8m $54.5m $51.6m $58.2m $57.3m $125.1m $116.7m
Goodwill $620k $600k $600k $600k $600k $600k $600k $600k $184.8m $193.2m
Investment Income, Interest $1.6m $3.0m $4.3m $4.2m $722k $191k $2.4m $7.4m $8.3m $4.7m
Nonoperating Income (Expense) ($96.6m) ($109.7m) ($138.4m) ($181.7m) ($125.1m) ($151.3m) ($36.6m) ($26.6m) ($33.1m) ($87.3m)
Revenue from Contract with Customer, Including Assessed Tax — — — — — — $22.0m $19.0m $16.0m $12.0m
Derivative, Gain (Loss) on Derivative, Net $0 $0 $0 — — — — — — —
Net Cash Provided by (Used in) Operating Activities $65.0m $60.3m ($82.3m) $64.1m ($137.2m) ($1.2m) $103.4m $79.0m $41.4m $124.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $148.3m $252.4m $108.6m $100.1m $1.8m $4.3m $43.9m $16.3m $13.5m $59.4m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — $332.7m $1.6m
Payments to Acquire Investments — — — — — — — — $5.0m —
Payments for (Proceeds from) Other Investing Activities — $2.3m — ($2.4m) — — — — — —
Net Cash Provided by (Used in) Investing Activities ($295.8m) ($157.4m) $41.8m ($73.7m) $357.4m ($7.8m) $0 $29.9m ($337.2m) ($39.9m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock — — — — — — $18.4m $4.8m $33.2m $0
Net Cash Provided by (Used in) Financing Activities $201.1m $174.9m $27.3m ($3.5m) ($54k) $0 $0 $0 $198.7m ($1.4m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($522k) $743k $578k ($250k) ($1.9m) $40k $13k $94k $29k $168k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($30.3m) $78.5m ($12.6m) ($13.4m) $258.2m ($289.6m) $4.6m ($11.5m) ($97.1m) $83.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($30.3m) $78.5m $191.1m $177.7m $435.9m $146.3m $150.9m $139.4m $42.3m $125.7m
Cash, Cash Equivalents, and Short-term Investments $455.8m $409.1m $223.5m $170.0m — — $175.3m $139.0m — —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $27.5m $86.4m $101.5m $140.8m $106.1m $71.1m $41.2m $68.1m $56.1m $77.8m
Income Taxes Paid, Net $305k $103k $401k $490k $401k $376k $377k $1.0m $3.1m $3.4m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.