Gogo Historical Income Statement

GOGO Stock  USD 7.56  0.15  2.02%   
Historical analysis of Gogo income statement accounts such as Selling General Administrative of 71.2 M or Selling And Marketing Expenses of 40.5 M can show how well Gogo Inc performed in making a profits. Evaluating Gogo income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gogo's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Gogo Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gogo Inc is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

About Gogo Income Statement Analysis

Gogo Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Gogo shareholders. The income statement also shows Gogo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Gogo Income Statement Chart

At this time, Gogo's EBIT is very stable compared to the past year. As of the 4th of December 2024, Research Development is likely to grow to about 64.4 M, while Depreciation And Amortization is likely to drop about 15.9 M.

Total Revenue

Total revenue comprises all receipts Gogo Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gogo Inc. It is also known as Gogo overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from Gogo's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gogo Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Gogo's EBIT is very stable compared to the past year. As of the 4th of December 2024, Research Development is likely to grow to about 64.4 M, while Depreciation And Amortization is likely to drop about 15.9 M.
 2021 2022 2023 2024 (projected)
Interest Expense67.5M38.9M33.1M64.1M
Depreciation And Amortization15.5M12.6M16.7M15.9M

Gogo income statement Correlations

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-0.50.12-0.11-0.390.040.27-0.240.97-0.320.73-0.15-0.340.76-0.50.83-0.550.87-0.73-0.5-0.50.520.87-0.950.86
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0.29-0.040.120.250.03-0.120.19-0.55-0.320.22-0.160.160.22-0.270.46-0.63-0.650.520.990.3-0.29-0.620.53-0.44
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0.33-0.010.20.280.1-0.030.25-0.5-0.270.26-0.080.210.27-0.250.45-0.610.99-0.650.540.26-0.31-0.620.52-0.41
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-0.63-0.62-0.34-0.3-0.37-0.22-0.470.520.52-0.460.15-0.47-0.450.810.290.79-0.290.8-0.69-0.310.230.8-0.50.19
-0.56-0.17-0.22-0.34-0.10.1-0.330.870.8-0.370.5-0.27-0.380.79-0.220.9-0.620.96-0.85-0.62-0.280.8-0.850.67
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-0.240.440.04-0.220.30.410.040.860.84-0.080.760.18-0.110.46-0.630.54-0.440.64-0.58-0.41-0.610.190.67-0.83
Click cells to compare fundamentals

Gogo Account Relationship Matchups

Gogo income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization125.6M14.2M15.5M12.6M16.7M15.9M
Interest Expense130.6M125.8M67.5M38.9M33.1M64.1M
Selling General Administrative89.8M54.5M51.6M58.2M57.3M71.2M
Selling And Marketing Expenses49.2M15.1M21.0M25.5M29.8M40.5M
Total Revenue835.7M269.7M335.7M404.1M397.6M454.3M
Gross Profit403.2M185.3M233.5M268.2M264.6M241.1M
Other Operating Expenses799.0M193.4M215.1M261.7M273.4M454.8M
Operating Income36.7M76.4M120.6M142.3M124.2M130.4M
Ebit36.7M76.4M36.8M144.6M124.2M130.4M
Research Development108.6M25.2M24.9M29.6M36.7M64.4M
Ebitda162.4M90.5M52.3M157.2M140.9M147.9M
Cost Of Revenue432.6M84.4M102.2M135.9M133.0M213.2M
Total Operating Expenses366.4M109.0M112.9M125.8M140.5M241.6M
Income Before Tax(145.0M)(48.7M)(30.6M)105.7M97.6M102.5M
Total Other Income Expense Net(181.7M)(125.1M)(151.3M)(36.6M)(26.6M)(27.9M)
Net Income(146.0M)(48.6M)152.7M92.1M145.7M153.0M
Income Tax Expense1.0M(146K)(187.2M)13.7M(48.1M)(45.7M)
Net Income Applicable To Common Shares(146.0M)(250.0M)152.7M91.9M105.7M111.0M
Net Income From Continuing Ops(146.0M)(48.6M)156.6M92.1M158.9M166.8M
Non Operating Income Net Other(15.6M)(51.2M)731K(83.8M)(75.4M)(71.6M)
Tax Provision1.0M(146K)(187.2M)13.7M(49.7M)(47.2M)
Interest Income5.2M722K191K2.4M32.6M34.2M
Net Interest Income(126.4M)(125.1M)(67.3M)(36.5M)(27.3M)(28.6M)
Reconciled Depreciation118.8M14.2M15.5M12.6M14.6M13.9M

Pair Trading with Gogo

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gogo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gogo will appreciate offsetting losses from the drop in the long position's value.

Moving against Gogo Stock

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The ability to find closely correlated positions to Gogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gogo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gogo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gogo Inc to buy it.
The correlation of Gogo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gogo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gogo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Gogo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gogo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gogo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gogo Inc Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gogo. If investors know Gogo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gogo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Earnings Share
0.43
Revenue Per Share
3.139
Quarterly Revenue Growth
0.026
Return On Assets
0.0847
The market value of Gogo Inc is measured differently than its book value, which is the value of Gogo that is recorded on the company's balance sheet. Investors also form their own opinion of Gogo's value that differs from its market value or its book value, called intrinsic value, which is Gogo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gogo's market value can be influenced by many factors that don't directly affect Gogo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gogo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.