Gogo Inc
NASDAQ:GOGO
Income Statement
Earnings Waterfall
Gogo Inc
Income Statement
Gogo Inc
| Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
1
|
5
|
9
|
9
|
18
|
22
|
26
|
33
|
30
|
31
|
33
|
36
|
44
|
51
|
59
|
65
|
67
|
75
|
84
|
94
|
104
|
107
|
112
|
116
|
119
|
122
|
123
|
125
|
130
|
130
|
130
|
129
|
124
|
125
|
126
|
124
|
109
|
89
|
67
|
49
|
42
|
40
|
39
|
37
|
35
|
34
|
33
|
32
|
33
|
34
|
38
|
47
|
55
|
63
|
0
|
|
| Revenue |
142
N/A
|
199
+41%
|
216
+9%
|
234
+8%
|
250
+7%
|
272
+9%
|
299
+10%
|
328
+10%
|
353
+8%
|
373
+6%
|
392
+5%
|
409
+4%
|
428
+5%
|
450
+5%
|
472
+5%
|
501
+6%
|
527
+5%
|
553
+5%
|
574
+4%
|
597
+4%
|
620
+4%
|
646
+4%
|
671
+4%
|
699
+4%
|
766
+9%
|
820
+7%
|
865
+5%
|
290
-66%
|
258
-11%
|
(27)
N/A
|
(163)
-496%
|
309
N/A
|
180
-42%
|
293
+62%
|
278
-5%
|
270
-3%
|
273
+1%
|
300
+10%
|
321
+7%
|
336
+5%
|
355
+6%
|
370
+4%
|
388
+5%
|
404
+4%
|
410
+1%
|
415
+1%
|
408
-2%
|
398
-3%
|
403
+1%
|
402
0%
|
405
+1%
|
445
+10%
|
571
+28%
|
695
+22%
|
818
+18%
|
910
+11%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(67)
|
(94)
|
(104)
|
(113)
|
(122)
|
(134)
|
(150)
|
(168)
|
(184)
|
(195)
|
(205)
|
(210)
|
(215)
|
(219)
|
(220)
|
(228)
|
(242)
|
(253)
|
(265)
|
(275)
|
(283)
|
(301)
|
(317)
|
(327)
|
(378)
|
(432)
|
(472)
|
(93)
|
(63)
|
130
|
228
|
(94)
|
(16)
|
(88)
|
(83)
|
(84)
|
(87)
|
(96)
|
(101)
|
(102)
|
(109)
|
(115)
|
(127)
|
(136)
|
(142)
|
(144)
|
(138)
|
(133)
|
(132)
|
(133)
|
(136)
|
(167)
|
(256)
|
(340)
|
(428)
|
(507)
|
|
| Gross Profit |
74
N/A
|
106
+42%
|
112
+6%
|
120
+7%
|
129
+7%
|
137
+7%
|
150
+9%
|
160
+7%
|
169
+6%
|
178
+5%
|
187
+5%
|
199
+6%
|
213
+7%
|
231
+8%
|
253
+9%
|
273
+8%
|
285
+5%
|
300
+5%
|
309
+3%
|
322
+4%
|
338
+5%
|
345
+2%
|
354
+3%
|
372
+5%
|
388
+4%
|
388
+0%
|
392
+1%
|
198
-50%
|
195
-1%
|
102
-47%
|
65
-37%
|
215
+231%
|
165
-23%
|
205
+25%
|
195
-5%
|
185
-5%
|
185
+0%
|
204
+10%
|
220
+8%
|
234
+6%
|
246
+5%
|
255
+4%
|
262
+3%
|
268
+2%
|
268
0%
|
272
+1%
|
271
0%
|
265
-2%
|
272
+3%
|
269
-1%
|
268
0%
|
278
+4%
|
314
+13%
|
355
+13%
|
389
+10%
|
403
+4%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(95)
|
(131)
|
(137)
|
(148)
|
(167)
|
(180)
|
(194)
|
(205)
|
(213)
|
(224)
|
(237)
|
(250)
|
(265)
|
(280)
|
(298)
|
(317)
|
(331)
|
(342)
|
(349)
|
(349)
|
(386)
|
(388)
|
(406)
|
(437)
|
(440)
|
(430)
|
(424)
|
(115)
|
(118)
|
(48)
|
24
|
(119)
|
(116)
|
(110)
|
(105)
|
(109)
|
(103)
|
(109)
|
(116)
|
(113)
|
(118)
|
(124)
|
(126)
|
(126)
|
(129)
|
(131)
|
(133)
|
(140)
|
(147)
|
(155)
|
(168)
|
(227)
|
(263)
|
(289)
|
(314)
|
(289)
|
|
| Selling, General & Administrative |
(51)
|
(70)
|
(73)
|
(76)
|
(79)
|
(83)
|
(91)
|
(100)
|
(104)
|
(110)
|
(115)
|
(120)
|
(129)
|
(137)
|
(144)
|
(143)
|
(144)
|
(146)
|
(144)
|
(146)
|
(147)
|
(148)
|
(152)
|
(158)
|
(162)
|
(158)
|
(157)
|
(82)
|
(76)
|
(45)
|
(24)
|
(76)
|
(60)
|
(66)
|
(65)
|
(70)
|
(65)
|
(70)
|
(74)
|
(73)
|
(78)
|
(83)
|
(84)
|
(84)
|
(85)
|
(85)
|
(83)
|
(87)
|
(89)
|
(99)
|
(112)
|
(163)
|
(184)
|
(196)
|
(204)
|
(173)
|
|
| Research & Development |
(19)
|
(27)
|
(29)
|
(35)
|
(40)
|
(45)
|
(47)
|
(50)
|
(51)
|
(55)
|
(60)
|
(65)
|
(68)
|
(70)
|
(75)
|
(87)
|
(92)
|
(99)
|
(104)
|
(97)
|
(111)
|
(122)
|
(128)
|
(133)
|
(127)
|
(120)
|
(118)
|
(19)
|
(13)
|
29
|
51
|
(26)
|
(9)
|
(28)
|
(25)
|
(25)
|
(23)
|
(24)
|
(26)
|
(25)
|
(25)
|
(26)
|
(28)
|
(30)
|
(32)
|
(33)
|
(35)
|
(37)
|
(38)
|
(39)
|
(40)
|
(45)
|
(49)
|
(52)
|
(58)
|
(56)
|
|
| Depreciation & Amortization |
(25)
|
(34)
|
(35)
|
(37)
|
(43)
|
(47)
|
(51)
|
(56)
|
(57)
|
(59)
|
(62)
|
(65)
|
(68)
|
(74)
|
(79)
|
(87)
|
(93)
|
(97)
|
(101)
|
(106)
|
(112)
|
(117)
|
(126)
|
(146)
|
(151)
|
(152)
|
(149)
|
(14)
|
(9)
|
46
|
74
|
(17)
|
10
|
(16)
|
(15)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(15)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(15)
|
(17)
|
(18)
|
(17)
|
(16)
|
(19)
|
(29)
|
(41)
|
(52)
|
(60)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
(78)
|
(77)
|
0
|
(58)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(20)
N/A
|
(25)
-24%
|
(25)
N/A
|
(27)
-9%
|
(38)
-40%
|
(43)
-11%
|
(45)
-5%
|
(45)
+0%
|
(44)
+2%
|
(46)
-4%
|
(50)
-10%
|
(51)
-2%
|
(51)
-1%
|
(49)
+4%
|
(45)
+8%
|
(45)
+1%
|
(46)
-3%
|
(42)
+8%
|
(39)
+7%
|
(27)
+32%
|
(48)
-81%
|
(43)
+11%
|
(52)
-21%
|
(64)
-24%
|
(52)
+20%
|
(42)
+19%
|
(32)
+24%
|
83
N/A
|
76
-7%
|
54
-29%
|
89
+64%
|
97
+8%
|
48
-50%
|
95
+96%
|
90
-5%
|
76
-15%
|
83
+8%
|
95
+15%
|
104
+9%
|
121
+16%
|
128
+6%
|
130
+2%
|
136
+4%
|
142
+5%
|
139
-2%
|
141
+1%
|
138
-2%
|
124
-10%
|
125
+0%
|
115
-8%
|
100
-12%
|
51
-49%
|
52
+1%
|
66
+28%
|
76
+15%
|
114
+51%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
26
|
34
|
34
|
1
|
(4)
|
(59)
|
(62)
|
(63)
|
(69)
|
(30)
|
(32)
|
(33)
|
(36)
|
(44)
|
(51)
|
(59)
|
(65)
|
(67)
|
(74)
|
(82)
|
(92)
|
(101)
|
(104)
|
(109)
|
(112)
|
(115)
|
(118)
|
(119)
|
(120)
|
(126)
|
(126)
|
(127)
|
(126)
|
(122)
|
(123)
|
(125)
|
(124)
|
(109)
|
(89)
|
(67)
|
(49)
|
(42)
|
(39)
|
(37)
|
(33)
|
(29)
|
(27)
|
(27)
|
(26)
|
(41)
|
(42)
|
(31)
|
(54)
|
(48)
|
(57)
|
(67)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(18)
|
(18)
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(58)
|
0
|
0
|
0
|
0
|
(4)
|
(84)
|
(84)
|
(84)
|
(80)
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
0
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
3
|
(0)
|
(0)
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
3
|
16
|
16
|
16
|
(2)
|
(2)
|
(6)
|
(20)
|
(20)
|
|
| Pre-Tax Income |
5
N/A
|
8
+61%
|
9
+6%
|
(32)
N/A
|
(43)
-34%
|
(101)
-138%
|
(107)
-6%
|
(110)
-3%
|
(113)
-2%
|
(75)
+33%
|
(81)
-8%
|
(83)
-2%
|
(87)
-4%
|
(93)
-7%
|
(97)
-4%
|
(106)
-10%
|
(110)
-4%
|
(126)
-14%
|
(130)
-3%
|
(123)
+5%
|
(141)
-14%
|
(144)
-3%
|
(156)
-8%
|
(174)
-11%
|
(164)
+6%
|
(157)
+4%
|
(150)
+5%
|
(56)
+63%
|
(41)
+26%
|
(72)
-74%
|
(37)
+48%
|
(88)
-138%
|
(81)
+8%
|
(27)
+67%
|
(33)
-23%
|
(49)
-47%
|
(45)
+7%
|
(97)
-115%
|
(68)
+30%
|
(31)
+55%
|
(1)
+98%
|
88
N/A
|
97
+9%
|
106
+10%
|
106
+1%
|
110
+3%
|
109
-1%
|
98
-11%
|
114
+17%
|
89
-22%
|
74
-17%
|
18
-75%
|
(4)
N/A
|
12
N/A
|
(1)
N/A
|
27
N/A
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
5
|
5
|
5
|
5
|
3
|
3
|
3
|
3
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
187
|
185
|
185
|
177
|
(14)
|
(16)
|
48
|
50
|
48
|
42
|
(22)
|
(17)
|
(4)
|
(0)
|
(4)
|
(4)
|
(14)
|
|
| Income from Continuing Operations |
4
|
7
|
8
|
(33)
|
(44)
|
(103)
|
(108)
|
(111)
|
(114)
|
(76)
|
(83)
|
(85)
|
(88)
|
(94)
|
(98)
|
(108)
|
(112)
|
(127)
|
(132)
|
(125)
|
(142)
|
(146)
|
(158)
|
(169)
|
(159)
|
(152)
|
(144)
|
(53)
|
(38)
|
(68)
|
(34)
|
(89)
|
(81)
|
(28)
|
(34)
|
(49)
|
(45)
|
(97)
|
(69)
|
157
|
185
|
273
|
274
|
92
|
90
|
158
|
159
|
146
|
156
|
67
|
56
|
14
|
(5)
|
7
|
(5)
|
13
|
|
| Net Income (Common) |
(34)
N/A
|
(48)
-38%
|
(52)
-9%
|
(96)
-85%
|
(111)
-16%
|
(170)
-54%
|
(160)
+6%
|
(146)
+9%
|
(130)
+11%
|
(76)
+41%
|
(83)
-8%
|
(85)
-2%
|
(88)
-4%
|
(94)
-7%
|
(98)
-4%
|
(108)
-10%
|
(112)
-4%
|
(127)
-14%
|
(132)
-3%
|
(125)
+5%
|
(142)
-14%
|
(146)
-3%
|
(158)
-8%
|
(172)
-9%
|
(158)
+8%
|
(151)
+4%
|
(143)
+5%
|
(162)
-13%
|
(151)
+7%
|
(198)
-31%
|
(183)
+7%
|
(146)
+20%
|
(214)
-47%
|
(216)
-1%
|
(273)
-26%
|
(250)
+9%
|
(173)
+31%
|
(156)
+10%
|
(65)
+58%
|
153
N/A
|
183
+20%
|
274
+50%
|
283
+3%
|
92
-67%
|
90
-2%
|
158
+75%
|
159
+0%
|
146
-8%
|
156
+7%
|
67
-57%
|
56
-15%
|
14
-76%
|
(5)
N/A
|
7
N/A
|
(5)
N/A
|
13
N/A
|
|
| EPS (Diluted) |
-0.41
N/A
|
-0.56
-37%
|
-0.62
-11%
|
-1.15
-85%
|
-1.28
-11%
|
-1.97
-54%
|
-1.85
+6%
|
-1.7
+8%
|
-1.52
+11%
|
-0.9
+41%
|
-0.97
-8%
|
-0.99
-2%
|
-1.05
-6%
|
-1.19
-13%
|
-1.24
-4%
|
-1.35
-9%
|
-1.43
-6%
|
-1.62
-13%
|
-1.67
-3%
|
-1.58
+5%
|
-1.79
-13%
|
-1.84
-3%
|
-1.99
-8%
|
-2.16
-9%
|
-2
+7%
|
-1.91
+5%
|
-1.78
+7%
|
-2.02
-13%
|
-1.88
+7%
|
-2.42
-29%
|
-2.26
+7%
|
-1.77
+22%
|
-2.63
-49%
|
-2.64
0%
|
-3.3
-25%
|
-3.03
+8%
|
-2.04
+33%
|
-1.43
+30%
|
-0.48
+66%
|
1.2
N/A
|
1.36
+13%
|
2.03
+49%
|
2.1
+3%
|
0.69
-67%
|
0.67
-3%
|
1.18
+76%
|
1.19
+1%
|
1.09
-8%
|
1.17
+7%
|
0.51
-56%
|
0.43
-16%
|
0.1
-77%
|
-0.04
N/A
|
0.04
N/A
|
-0.05
N/A
|
0.09
N/A
|
|