2024 Q3 Form 10-Q Financial Statement

#000095017024092730 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $100.5M $102.1M
YoY Change 2.63% -1.13%
Cost Of Revenue $34.22M $35.30M
YoY Change 12.55% 2.76%
Gross Profit $66.31M $66.76M
YoY Change -1.76% -3.06%
Gross Profit Margin 65.96% 65.41%
Selling, General & Admin $33.47M $30.88M
YoY Change 64.45% 46.68%
% of Gross Profit 50.47% 46.26%
Research & Development $9.800M $10.30M
YoY Change 6.52% 11.64%
% of Gross Profit 14.78% 15.43%
Depreciation & Amortization $4.015M $3.887M
YoY Change -14.43% -14.36%
% of Gross Profit 6.05% 5.82%
Operating Expenses $43.27M $41.18M
YoY Change 46.42% 18.28%
Operating Profit $19.07M $21.68M
YoY Change -42.76% -36.32%
Interest Expense $9.670M $8.113M
YoY Change 20.5% -239.04%
% of Operating Profit 50.71% 37.42%
Other Income/Expense, Net -$6.919M -$20.71M
YoY Change 21.92% -57627.78%
Pretax Income $12.15M $971.0K
YoY Change -56.04% -96.27%
Income Tax $1.522M $132.0K
% Of Pretax Income 12.52% 13.59%
Net Earnings $10.63M $839.0K
YoY Change -49.17% -99.07%
Net Earnings / Revenue 10.57% 0.82%
Basic Earnings Per Share $0.08 $0.01
Diluted Earnings Per Share $0.08 $0.01
COMMON SHARES
Basic Shares Outstanding 127.0M 127.1M
Diluted Shares Outstanding 130.4M 131.7M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.7M $161.6M
YoY Change 59.46% 66.2%
Cash & Equivalents $176.7M $161.6M
Short-Term Investments
Other Short-Term Assets $44.00M $54.47M
YoY Change -22.4% 337.03%
Inventory $74.85M $69.06M
Prepaid Expenses
Receivables $45.88M $53.65M
Other Receivables $0.00 $0.00
Total Short-Term Assets $347.4M $344.9M
YoY Change 21.12% 34.34%
LONG-TERM ASSETS
Property, Plant & Equipment $93.83M $94.69M
YoY Change -7.08% -46.26%
Goodwill $600.0K $600.0K
YoY Change 0.0% 0.0%
Intangibles $64.27M $60.43M
YoY Change 23.36% 19.66%
Long-Term Investments $3.761M $3.438M
YoY Change -35.16%
Other Assets $24.23M $23.55M
YoY Change -34.94% -90.53%
Total Long-Term Assets $463.3M $457.7M
YoY Change -3.57% -6.35%
TOTAL ASSETS
Total Short-Term Assets $347.4M $344.9M
Total Long-Term Assets $463.3M $457.7M
Total Assets $810.7M $802.7M
YoY Change 5.66% 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.45M $25.27M
YoY Change 72.53% 45.69%
Accrued Expenses $61.48M $52.98M
YoY Change 60.85% 80.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.250M $7.250M
YoY Change 0.0% -0.51%
Total Short-Term Liabilities $97.01M $87.37M
YoY Change 55.22% 39.98%
LONG-TERM LIABILITIES
Long-Term Debt $583.9M $585.1M
YoY Change -0.83% -0.85%
Other Long-Term Liabilities $9.130M $8.770M
YoY Change 13.68% -89.54%
Total Long-Term Liabilities $661.0M $663.3M
YoY Change -1.53% -1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.01M $87.37M
Total Long-Term Liabilities $661.0M $663.3M
Total Liabilities $758.0M $750.7M
YoY Change 3.31% 1.95%
SHAREHOLDERS EQUITY
Retained Earnings -$1.172B -$1.183B
YoY Change -4.59% -5.34%
Common Stock $1.414B $1.409B
YoY Change 1.25% 1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $194.2M $186.5M
YoY Change 22.59% 17.75%
Treasury Stock Shares
Shareholders Equity $52.72M $52.01M
YoY Change
Total Liabilities & Shareholders Equity $810.7M $802.7M
YoY Change 5.66% 7.67%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $10.63M $839.0K
YoY Change -49.17% -99.07%
Depreciation, Depletion And Amortization $4.015M $3.887M
YoY Change -14.43% -14.36%
Cash From Operating Activities $25.13M $24.95M
YoY Change 34.41% 59.65%
INVESTING ACTIVITIES
Capital Expenditures $8.196M $6.527M
YoY Change 54.64% -25.54%
Acquisitions
YoY Change
Other Investing Activities $7.656M $6.446M
YoY Change -134.8% -79.29%
Cash From Investing Activities -$540.0K -$81.00K
YoY Change -98.02% -100.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.449M -16.16M
YoY Change 293.71% -84.47%
NET CHANGE
Cash From Operating Activities 25.13M 24.95M
Cash From Investing Activities -540.0K -81.00K
Cash From Financing Activities -9.449M -16.16M
Net Change In Cash 15.14M 8.711M
YoY Change -237.68% -113.19%
FREE CASH FLOW
Cash From Operating Activities $25.13M $24.95M
Capital Expenditures $8.196M $6.527M
Free Cash Flow $16.94M $18.42M
YoY Change 26.4% 168.5%

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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132094000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133407000
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
three years
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
102059000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
103221000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
206381000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
201818000
CY2022Q3 gogo Reimbursements Cost
ReimbursementsCost
132000000
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
34107000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34692000
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
34951000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
28495000
CY2024Q2 us-gaap Inventory Net
InventoryNet
69058000
CY2023Q4 us-gaap Inventory Net
InventoryNet
63187000
CY2024Q2 gogo Interest Rate Cap Current
InterestRateCapCurrent
18920000
CY2023Q4 gogo Interest Rate Cap Current
InterestRateCapCurrent
23227000
CY2024Q2 gogo Fcc Reimbursement Receivable
FccReimbursementReceivable
17471000
CY2023Q4 gogo Fcc Reimbursement Receivable
FccReimbursementReceivable
18274000
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6205000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6939000
CY2024Q2 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2704000
CY2023Q4 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2606000
CY2024Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
15376000
CY2023Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
13092000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
60676000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
64138000
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
34107000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34692000
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
34951000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
28495000
CY2024Q2 us-gaap Inventory Net
InventoryNet
69058000
CY2023Q4 us-gaap Inventory Net
InventoryNet
63187000
CY2024Q2 gogo Fcc Reimbursement Receivable
FccReimbursementReceivable
17471000
CY2023Q4 gogo Fcc Reimbursement Receivable
FccReimbursementReceivable
18274000
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6205000
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
6939000
CY2024Q2 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2704000
CY2023Q4 gogo Prepaid Inventories Current
PrepaidInventoriesCurrent
2606000
CY2024Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
15376000
CY2023Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
13092000
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
60676000
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
222626000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
121332000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94686000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98129000
CY2024Q2 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
8440000
CY2023Q4 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
10295000
CY2024Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
664000
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
591000
CY2024Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
9501000
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
9625000
CY2024Q2 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
795000
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
222626000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
219461000
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
127940000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
121332000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
94686000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98129000
CY2024Q2 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
8440000
CY2023Q4 gogo Interest Rate Cap Noncurrent
InterestRateCapNoncurrent
10295000
CY2024Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
664000
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Noncurrent
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossNoncurrent
591000
CY2024Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
9501000
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
9625000
CY2024Q2 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
795000
CY2023Q4 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
1011000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23547000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
25979000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10560000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10284000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10025000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10386000
CY2024Q2 gogo Customer Credit Reserve
CustomerCreditReserve
6731000
CY2023Q4 gogo Customer Credit Reserve
CustomerCreditReserve
6027000
CY2024Q2 gogo Network Equipment Current
NetworkEquipmentCurrent
5412000
CY2023Q4 gogo Network Equipment Current
NetworkEquipmentCurrent
4533000
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3380000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3420000
CY2023Q4 gogo Deferred Financing Costs Noncurrent
DeferredFinancingCostsNoncurrent
1011000
CY2024Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4811000
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5048000
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23547000
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
25979000
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10560000
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10284000
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10025000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10386000
CY2024Q2 gogo Customer Credit Reserve
CustomerCreditReserve
6731000
CY2023Q4 gogo Customer Credit Reserve
CustomerCreditReserve
6027000
CY2023Q4 gogo Network Equipment Current
NetworkEquipmentCurrent
4533000
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3380000
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3420000
CY2024Q2 gogo Gogo Galileo Development Costs
GogoGalileoDevelopmentCosts
6749000
CY2023Q4 gogo Gogo Galileo Development Costs
GogoGalileoDevelopmentCosts
2432000
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
2571000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2170000
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
466000
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
469000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7088000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7928000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52982000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
47649000
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10300000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19500000
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9200000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17100000
CY2024Q2 us-gaap Goodwill
Goodwill
600000
CY2023Q4 us-gaap Goodwill
Goodwill
600000
CY2024Q2 gogo Gogo Galileo Development Costs
GogoGalileoDevelopmentCosts
6749000
CY2023Q4 gogo Gogo Galileo Development Costs
GogoGalileoDevelopmentCosts
2432000
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
2571000
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2170000
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
466000
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
469000
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7088000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7928000
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52982000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
47649000
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10300000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19500000
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9200000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17100000
CY2024Q2 us-gaap Goodwill
Goodwill
600000
CY2023Q4 us-gaap Goodwill
Goodwill
600000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
89204000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61055000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28149000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83459000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60715000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22744000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60715000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
55027000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
417000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3246000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4035000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3867000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3662000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
89204000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61055000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28149000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
83459000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60715000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
22744000
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
121487000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61055000
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
60432000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
115742000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60715000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
55027000
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
417000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3246000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4035000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3867000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3662000
CY2024Q2 gogo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
12922000
CY2024Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
9065000
CY2023Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
10046000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585060000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
587501000
CY2021Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-04-30
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Percentage
PrepaymentOfNetCashProceedsPercentage
1
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Reduced Percentage
PrepaymentOfNetCashProceedsReducedPercentage
0.50
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Maximum Reduction Percentage
PrepaymentOfNetCashProceedsMaximumReductionPercentage
0
CY2024Q2 gogo Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
12922000
CY2024Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
9065000
CY2023Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
10046000
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
7250000
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7250000
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585060000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
587501000
CY2021Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-04-30
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Percentage
PrepaymentOfNetCashProceedsPercentage
1
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Reduced Percentage
PrepaymentOfNetCashProceedsReducedPercentage
0.50
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Maximum Reduction Percentage
PrepaymentOfNetCashProceedsMaximumReductionPercentage
0
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Of Debt Offerings Percentage
PrepaymentOfNetCashProceedsOfDebtOfferingsPercentage
1
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
650000000
us-gaap Derivative Description Of Terms
DerivativeDescriptionOfTerms
We receive payments in the amount calculated pursuant to the caps for any period in which the daily compounded SOFR rate plus a credit spread adjustment recommended by the Alternative Reference Rate Committee of 0.26% increases beyond the applicable strike rate.
CY2024Q2 gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
900000
gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
1200000
CY2023Q2 gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
700000
gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
1700000
CY2021Q2 gogo Prepayment Of Net Cash Proceeds Of Debt Offerings Percentage
PrepaymentOfNetCashProceedsOfDebtOfferingsPercentage
1
CY2021Q2 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
650000000
us-gaap Derivative Description Of Terms
DerivativeDescriptionOfTerms
We receive payments in the amount calculated pursuant to the caps for any period in which the daily compounded SOFR rate plus a credit spread adjustment recommended by the Alternative Reference Rate Committee of 0.26% increases beyond the applicable strike rate.
CY2024Q2 gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
900000
gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
1200000
CY2023Q2 gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
700000
gogo Unrealized Gain Loss On Interest Rate Caps Net Of Tax
UnrealizedGainLossOnInterestRateCapsNetOfTax
1700000
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13260000
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
14212000
us-gaap Interest Expense Debt
InterestExpenseDebt
26600000
us-gaap Interest Expense Debt
InterestExpenseDebt
28709000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1197000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1275000
CY2024Q2 gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
611000
CY2023Q2 gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
278000
gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
1392000
gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
412000
CY2024Q2 gogo Interest Rate Cap Benefits
InterestRateCapBenefits
6464000
CY2023Q2 gogo Interest Rate Cap Benefits
InterestRateCapBenefits
7440000
gogo Interest Rate Cap Benefits
InterestRateCapBenefits
12869000
gogo Interest Rate Cap Benefits
InterestRateCapBenefits
13833000
CY2024Q2 us-gaap Accretion Expense
AccretionExpense
103000
CY2023Q2 us-gaap Accretion Expense
AccretionExpense
111000
CY2024Q2 us-gaap Interest Expense
InterestExpense
8113000
CY2023Q2 us-gaap Interest Expense
InterestExpense
7806000
us-gaap Interest Expense
InterestExpense
16523000
CY2024Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
13260000
CY2023Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
14212000
us-gaap Interest Expense Debt
InterestExpenseDebt
26600000
us-gaap Interest Expense Debt
InterestExpenseDebt
28709000
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
603000
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
645000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1197000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1275000
CY2024Q2 gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
611000
CY2023Q2 gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
278000
gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
1392000
gogo Amortization Of Interest Rate Cap Premium
AmortizationOfInterestRateCapPremium
412000
CY2024Q2 gogo Interest Rate Cap Benefits
InterestRateCapBenefits
6464000
CY2023Q2 gogo Interest Rate Cap Benefits
InterestRateCapBenefits
7440000
gogo Interest Rate Cap Benefits
InterestRateCapBenefits
12869000
gogo Interest Rate Cap Benefits
InterestRateCapBenefits
13833000
CY2024Q2 us-gaap Accretion Expense
AccretionExpense
103000
CY2023Q2 us-gaap Accretion Expense
AccretionExpense
111000
us-gaap Accretion Expense
AccretionExpense
203000
us-gaap Accretion Expense
AccretionExpense
219000
CY2024Q2 us-gaap Interest Expense
InterestExpense
8113000
CY2023Q2 us-gaap Interest Expense
InterestExpense
7806000
us-gaap Interest Expense
InterestExpense
16523000
us-gaap Interest Expense
InterestExpense
16782000
CY2024Q2 gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
8996000
CY2023Q2 gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
8485000
gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
18275000
gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
18115000
us-gaap Interest Expense
InterestExpense
16782000
CY2023Q2 gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
8485000
gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
18275000
gogo Interest Cost Including Capitalized Interest Cost
InterestCostIncludingCapitalizedInterestCost
18115000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
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