Gogo Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $12.9M | $13.7M | $145.7M | $92.1M | $152.7M | $-250.0M | $-146.0M | $-162.0M |
| Depreciation & Amortization | $60.3M | $19.0M | $16.7M | $12.6M | $15.5M | $14.2M | $16.7M | $14.4M |
| Depreciation | $20.4M | $15.1M | $14.7M | $7.9M | $7.9M | $7.9M | $10.6M | $14.4M |
| Amortization | $39.9M | $3.9M | $2.0M | $4.7M | $7.5M | $6.3M | $6.1M | $4.5M |
| Stock-Based Compensation | $24.1M | $20.8M | $21.3M | $19.1M | $13.3M | $7.8M | $8.7M | $8.5M |
| Net Cash from Operating Activities | $124.5M | $41.4M | $79.0M | $103.4M | $66.7M | $4.5M | $64.1M | $-82.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $59.4M | $13.5M | $16.3M | $43.9M | $4.3M | $1.8M | $1.5M | $2.7M |
| Business Acquisitions | $1.6M | $332.7M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-39.9M | $-337.2M | $29.9M | $-70.4M | — | — | $-73.7M | $41.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $33.2M | $4.8M | $18.4M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-1.4M | $198.7M | $-120.4M | $-28.4M | — | — | $-3.5M | $27.3M |
| Net Change in Cash | $83.4M | $-97.1M | $-11.5M | $4.6M | $-289.6M | $258.2M | $-13.4M | $-12.6M |
| Free Cash Flow | $65.1M | $27.9M | $62.7M | $59.5M | $62.4M | $2.7M | $62.6M | $-85.0M |