2023 Q1 Form 10-K Financial Statement

#000095017023005065 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $98.60M $108.2M $404.1M
YoY Change 6.3% 17.19% 20.36%
Cost Of Revenue $34.92M $37.81M $135.9M
YoY Change 20.78% 33.33% 32.98%
Gross Profit $63.67M $70.36M $268.2M
YoY Change -0.25% 10.03% 14.84%
Gross Profit Margin 64.58% 65.05% 66.37%
Selling, General & Admin $21.08M $20.85M $83.67M
YoY Change 7.04% -1.1% 15.35%
% of Gross Profit 33.1% 29.63% 31.2%
Research & Development $7.900M $8.241M $29.60M
YoY Change 46.3% 19.75% 18.88%
% of Gross Profit 12.41% 11.71% 11.04%
Depreciation & Amortization $2.791M $2.574M $12.58M
YoY Change -26.38% -29.63% -18.74%
% of Gross Profit 4.38% 3.66% 4.69%
Operating Expenses $28.98M $31.66M $113.3M
YoY Change 15.49% 0.14% 16.25%
Operating Profit $31.93M $38.70M $142.3M
YoY Change -8.64% 19.7% 17.99%
Interest Expense $8.976M -$7.975M $38.87M
YoY Change -17.57% -26.49% -42.39%
% of Operating Profit 28.11% -20.61% 27.31%
Other Income/Expense, Net -$7.091M -$11.00K -$36.61M
YoY Change -34.44% -21.43% -75.8%
Pretax Income $24.84M $30.71M $105.7M
YoY Change 2.92% 43.07% -445.02%
Income Tax $4.388M $3.039M $13.66M
% Of Pretax Income 17.67% 9.9% 12.92%
Net Earnings $20.45M $27.67M $92.06M
YoY Change -7.87% -87.35% -39.73%
Net Earnings / Revenue 20.74% 25.58% 22.78%
Basic Earnings Per Share $0.16 $0.75
Diluted Earnings Per Share $0.15 $0.21 $0.71
COMMON SHARES
Basic Shares Outstanding 127.9M 127.3M 123.3K
Diluted Shares Outstanding 133.6K 133.9K

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $188.0M $175.3M $175.3M
YoY Change 23.01% 20.17% 20.17%
Cash & Equivalents $163.3M $150.6M $150.6M
Short-Term Investments $24.73M $24.80M $24.80M
Other Short-Term Assets $12.35M $10.11M $10.11M
YoY Change -21.9% 18.58% 18.58%
Inventory $54.50M $49.49M $49.49M
Prepaid Expenses
Receivables $46.70M $54.21M $89.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $335.4M $324.1M $324.1M
YoY Change 23.76% 29.7% 29.7%
LONG-TERM ASSETS
Property, Plant & Equipment $104.7M $104.6M $179.9M
YoY Change 46.22% 64.27% 33.56%
Goodwill $600.0K $600.0K
YoY Change 0.0% 0.0%
Intangibles $49.82M $48.89M
YoY Change 2.65% -0.09%
Long-Term Investments
YoY Change
Other Assets $34.48M $43.36M $192.6M
YoY Change -22.63% 52.52% -3.85%
Total Long-Term Assets $423.8M $435.4M $435.4M
YoY Change 2.31% 9.45% 9.45%
TOTAL ASSETS
Total Short-Term Assets $335.4M $324.1M $324.1M
Total Long-Term Assets $423.8M $435.4M $435.4M
Total Assets $759.2M $759.5M $759.5M
YoY Change 10.79% 17.27% 17.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.49M $13.65M $13.65M
YoY Change -20.05% -20.68% -20.68%
Accrued Expenses $49.30M $60.06M $48.89M
YoY Change -15.99% 0.31% -3.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.250M $7.250M $7.383M
YoY Change -93.4% -93.39% -93.69%
Total Short-Term Liabilities $73.39M $84.37M $84.37M
YoY Change -61.02% -55.25% -55.25%
LONG-TERM LIABILITIES
Long-Term Debt $689.0M $690.2M $690.2M
YoY Change -0.67% -0.66% -0.67%
Other Long-Term Liabilities $7.731M $7.611M $86.85M
YoY Change 5.53% 5.18% 2.8%
Total Long-Term Liabilities $774.0M $777.0M $777.0M
YoY Change -0.52% -0.3% -0.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.39M $84.37M $84.37M
Total Long-Term Liabilities $774.0M $777.0M $777.0M
Total Liabilities $847.4M $861.4M $861.4M
YoY Change -12.31% -11.0% -11.0%
SHAREHOLDERS EQUITY
Retained Earnings -$1.339B -$1.360B
YoY Change -6.32% -6.34%
Common Stock $1.386B $1.386B
YoY Change 10.09% 10.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $158.4M $158.4M
YoY Change 22.96% 22.96%
Treasury Stock Shares
Shareholders Equity -$88.14M -$101.9M -$101.9M
YoY Change
Total Liabilities & Shareholders Equity $759.2M $759.5M $759.5M
YoY Change 10.79% 17.27% 17.27%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $20.45M $27.67M $92.06M
YoY Change -7.87% -87.35% -39.73%
Depreciation, Depletion And Amortization $2.791M $2.574M $12.58M
YoY Change -26.38% -29.63% -18.74%
Cash From Operating Activities $18.51M $31.47M $103.4M
YoY Change 3.63% 42.14% 79.26%
INVESTING ACTIVITIES
Capital Expenditures $3.112M $9.982M $43.91M
YoY Change -59.04% -314.39% 929.88%
Acquisitions
YoY Change
Other Investing Activities $6.155M -$21.31M -$20.50M
YoY Change 168.76%
Cash From Investing Activities $1.559M -$31.29M -$70.42M
YoY Change -117.22% 572.01% 332.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.38M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.445M -1.736M -28.39M
YoY Change 296.22% -63.94% -91.42%
NET CHANGE
Cash From Operating Activities 18.51M 31.47M 103.4M
Cash From Investing Activities 1.559M -31.29M -70.42M
Cash From Financing Activities -7.445M -1.736M -28.39M
Net Change In Cash 12.72M -1.559M 4.612M
YoY Change 83.86% -112.31% -101.59%
FREE CASH FLOW
Cash From Operating Activities $18.51M $31.47M $103.4M
Capital Expenditures $3.112M $9.982M $43.91M
Free Cash Flow $15.40M $21.48M $59.49M
YoY Change 50.0% -19.82% 11.36%

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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021 gogo Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification
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CY2020 gogo Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification
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CY2022 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
642000
CY2022 gogo Settlement Of Convertible Notes Value
SettlementOfConvertibleNotesValue
102788000
CY2022 gogo Repurchase Of Common Stock Value
RepurchaseOfCommonStockValue
18375000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-101869000
CY2020Q4 gogo Company Purchase Price
CompanyPurchasePrice
400000000.0
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4881
CY2021 gogo Amount Of Dilutive Securities Stock Based Compensation
AmountOfDilutiveSecuritiesStockBasedCompensation
0
CY2021 gogo Dilutive Securities Effect On Stock Based Compensation From Discontinuing Operations
DilutiveSecuritiesEffectOnStockBasedCompensationFromDiscontinuingOperations
6674000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> - </span><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates the significant estimates and bases</span><span style="color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">such </span><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. However, actual results could differ materially from those estimates.</span></p>
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
300000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
400000
CY2022 gogo Amount Of Dilutive Securities Convertible Notes
AmountOfDilutiveSecuritiesConvertibleNotes
2770000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Concentrations of Credit Risk - </span><span style="background-color:rgba(0,0,0,0);color:rgba(34,30,31,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents. All cash and cash equivalents are invested with creditworthy financial institutions.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Our revenue from customers domiciled outside of the United States accounted for less than 10% of our total revenue for the years ended December 31, 2022, 2021 and 2020. Our long-lived assets outside of the United States were less than 10% of our consolidated long-lived assets as of December 31, 2022 and 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">.</span></p>
CY2022 us-gaap Depreciation
Depreciation
7900000
CY2021 us-gaap Depreciation
Depreciation
7900000
CY2020 us-gaap Depreciation
Depreciation
7900000
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2022 gogo Dilutive Securities Effect On Convertible Notes From Discontinuing Operations
DilutiveSecuritiesEffectOnConvertibleNotesFromDiscontinuingOperations
5774
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
29600000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24900000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25200000
CY2022 us-gaap Standard Product Warranty Description
StandardProductWarrantyDescription
Our warranty terms range from two to five years.
CY2022 gogo Income Loss From Continuing Operations Basic Shares
IncomeLossFromContinuingOperationsBasicShares
123268
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.75
CY2021 gogo Shares Purchased Under Forward Purchasing Transactions
SharesPurchasedUnderForwardPurchasingTransactions
600000
CY2020 gogo Shares Purchased Under Forward Purchasing Transactions
SharesPurchasedUnderForwardPurchasingTransactions
2100000
CY2022 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
500000
CY2021 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
5700000
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
92059000
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
156589000
CY2022 gogo Derivative Gain Loss On Derivative To Continuing Operations Net
DerivativeGainLossOnDerivativeToContinuingOperationsNet
171000
CY2021 gogo Derivative Gain Loss On Derivative To Continuing Operations Net
DerivativeGainLossOnDerivativeToContinuingOperationsNet
1484000
CY2022 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Basic
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersBasic
91888000
CY2021 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Basic
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersBasic
155105000
CY2021 gogo Income Loss From Continuing Operations Basic Shares
IncomeLossFromContinuingOperationsBasicShares
103400000
CY2022 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
94658000
CY2022 gogo Income Loss From Continuing Operations Diluted Shares
IncomeLossFromContinuingOperationsDilutedShares
133923
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.71
CY2021 us-gaap Undistributed Earnings Loss From Continuing Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
162326000
CY2021 gogo Income Loss From Continuing Operations Diluted Shares
IncomeLossFromContinuingOperationsDilutedShares
127205000
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.28
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-3854000
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2300000
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
2450000
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2282000
CY2022 gogo Derivative Gain Loss On Derivative To Discontinued Operations Net
DerivativeGainLossOnDerivativeToDiscontinuedOperationsNet
0
CY2021 gogo Derivative Gain Loss On Derivative To Discontinued Operations Net
DerivativeGainLossOnDerivativeToDiscontinuedOperationsNet
-36000
CY2022 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Basic
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
0
CY2022 gogo Income Loss From Discontinuing Operations Basic Shares
IncomeLossFromDiscontinuingOperationsBasicShares
123268
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2021 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Basic
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-3818000
CY2021 gogo Income Loss From Discontinuing Operations Basic Shares
IncomeLossFromDiscontinuingOperationsBasicShares
103400000
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2022 gogo Amount Of Dilutive Securities Stock Based Compensation
AmountOfDilutiveSecuritiesStockBasedCompensation
0
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4881
CY2021 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
3615000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
6674000
CY2022 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0
CY2022 gogo Dilutive Securities Effect On Convertible Notes From Discontinuing Operations
DilutiveSecuritiesEffectOnConvertibleNotesFromDiscontinuingOperations
5774
CY2022 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
0
CY2022 gogo Income Loss From Discontinuing Operations Diluted Shares
IncomeLossFromDiscontinuingOperationsDilutedShares
133923
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2021 us-gaap Undistributed Earnings Loss From Discontinued Operations Available To Common Shareholders Diluted
UndistributedEarningsLossFromDiscontinuedOperationsAvailableToCommonShareholdersDiluted
-203000
CY2021 gogo Income Loss From Discontinuing Operations Diluted Shares
IncomeLossFromDiscontinuingOperationsDilutedShares
127205000
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.46
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-48559000
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-201477000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-250036000
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-250036000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82266
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82266
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.59
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.59
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-2.45
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-2.45
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.04
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.04
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
102000000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
22000000
CY2022 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
two years
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
404067000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
335716000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
269718000
CY2021 gogo Number Of Customers Meeting Concentration Risk Threshold
NumberOfCustomersMeetingConcentrationRiskThreshold
0
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1997000
CY2020 gogo Number Of Customers Meeting Concentration Risk Threshold
NumberOfCustomersMeetingConcentrationRiskThreshold
0
CY2022 gogo Number Of Customers Meeting Concentration Risk Threshold
NumberOfCustomersMeetingConcentrationRiskThreshold
0
CY2022 gogo Number Of Customers Meeting Concentration Risk Threshold
NumberOfCustomersMeetingConcentrationRiskThreshold
0
CY2021 gogo Number Of Customers Meeting Concentration Risk Threshold
NumberOfCustomersMeetingConcentrationRiskThreshold
0
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
17300000
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OtherAccruedLiabilitiesCurrent
8519000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34840000
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21570000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14653000
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12406000
CY2022Q4 us-gaap Inventory Net
InventoryNet
49493000
CY2021Q4 us-gaap Inventory Net
InventoryNet
33976000
CY2022Q4 gogo Interest Rate Cap Current
InterestRateCapCurrent
28496000
CY2021Q4 gogo Interest Rate Cap Current
InterestRateCapCurrent
925000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6494000
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
4533000
CY2022Q4 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2901000
CY2021Q4 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2525000
CY2022Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
0
CY2021Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
17300000
CY2022Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
0
CY2021Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
1936000
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
7209000
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
5076000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45100000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
32295000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7444000
CY2022Q4 us-gaap Property Plant And Equipment Gross
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211962000
CY2021Q4 us-gaap Property Plant And Equipment Gross
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168905000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
107367000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
105233000
CY2022Q4 us-gaap Property Plant And Equipment Net
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104595000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
63672000
CY2022Q4 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
25578000
CY2021Q4 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
11359000
CY2022Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
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501000
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
455000
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
13376000
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
13217000
CY2022Q4 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
1445000
CY2021Q4 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
1879000
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OtherAssetsMiscellaneousNoncurrent
2956000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
1970000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
43355000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28425000
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19235000
CY2021Q4 us-gaap Employee Related Liabilities Current
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13791000
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9878000
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6231000
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OperatingLeaseLiabilityCurrent
9094000
CY2022Q4 gogo Network Equipment Current
NetworkEquipmentCurrent
8748000
CY2021Q4 gogo Network Equipment Current
NetworkEquipmentCurrent
3179000
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
13840000
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
16465000
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7476000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
60056000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
59868000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6032000
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
4861000
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1579000
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
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2375000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7611000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7236000
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
4401000
CY2021 gogo Asset Retirement Obligation Incurred Liabilities
AssetRetirementObligationIncurredLiabilities
0
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
460000
CY2021 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
0
CY2021Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
4861000
CY2022 gogo Asset Retirement Obligation Incurred Liabilities
AssetRetirementObligationIncurredLiabilities
682000
CY2022 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
43000
CY2022 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
553000
CY2022 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-21000
CY2022Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
6032000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1044000
CY2021 gogo Provision For Credit Loses Accounts Receivable
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204000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
371000
CY2021 gogo Allowance For Credit Losses Others
AllowanceForCreditLossesOthers
17000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
894000
CY2022 gogo Provision For Credit Loses Accounts Receivable
ProvisionForCreditLosesAccountsReceivable
1001000
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
326000
CY2022 gogo Allowance For Credit Losses Others
AllowanceForCreditLossesOthers
209000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1778000
CY2022Q4 us-gaap Long Term Debt Current
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7250000
CY2021Q4 us-gaap Long Term Debt Current
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109620000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
690173000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
694760000
CY2021Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-04-30
CY2021Q4 us-gaap Goodwill
Goodwill
600000
CY2022Q4 us-gaap Goodwill
Goodwill
600000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
75361000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
58755000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16606000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
70745000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54094000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16651000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
107644000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
58755000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
48889000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
103028000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54094000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2021 gogo Disposal Group Including Discontinued Operation Other Expense Income
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CY2022 gogo Disposal Group Including Discontinued Operation Other Income Expense
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CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
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CY2020 us-gaap Provision For Doubtful Accounts
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CY2020 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
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600000
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71200000
CY2020 us-gaap Interest Expense Junior Subordinated Debentures
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CY2020Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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CY2020 us-gaap Restructuring Charges
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47400000

Files In Submission

Name View Source Status
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gogo-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
gogo-20221231_lab.xml Edgar Link unprocessable
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0000950170-23-005065.txt Edgar Link pending
0000950170-23-005065-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gogo-20221231.htm Edgar Link pending
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