Gogo (GOGO) Long-Term Capital Lease Obligation : $68.0 Mil (As of Sep. 2024)

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What is Gogo Long-Term Capital Lease Obligation?

Gogo's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $68.0 Mil.

Gogo's quarterly Long-Term Capital Lease Obligation declined from Mar. 2024 ($71.8 Mil) to Jun. 2024 ($69.5 Mil) and declined from Jun. 2024 ($69.5 Mil) to Sep. 2024 ($68.0 Mil).

Gogo's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($77.3 Mil) to Dec. 2022 ($79.2 Mil) but then declined from Dec. 2022 ($79.2 Mil) to Dec. 2023 ($73.0 Mil).

Gogo Long-Term Capital Lease Obligation Historical Data

The historical data trend for Gogo's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gogo Long-Term Capital Lease Obligation Chart

Gogo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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42.02

38.02

77.33

79.24

73.05

Gogo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															74.48	73.05	71.78	69.47	68.01

Gogo (NAS:GOGO) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Gogo Long-Term Capital Lease Obligation Related Terms

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Gogo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gogo Inc (NAS:GOGO) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

0IYQ:UK G0G:Germany

Address

105 Edgeview Drive, Suite 300, Broomfield, CO, USA, 80021

Website

https://www.gogoair.com

Gogo Inc is a broadband connectivity service for the business aviation market. It provides a customizable suite of smart cabin systems for integrated connectivity, inflight entertainment, and voice solutions. Its business segment includes Business Aviation. It generates two types of revenue: service revenue consists of monthly subscription and usage fees paid by aircraft owners and operators for telecommunication, data, and in-flight entertainment services. and equipment revenue consists of proceeds from the sale of ATG and narrowband satellite connectivity equipment and is recognized when control of the equipment is transferred to OEMs and dealers, which generally occurs when the equipment is shipped.

Executives

Charles C Townsend	director	1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
Harris N Williams	director	1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
Karen Jackson	officer: SVP, Human Resources	1250 N. ARLINGTON HEIGHTS ROAD, STE 500, ITASCA IL 60143
Crystal L Gordon	officer: EVP, Gen Counsel and Secy	945 BUNKER HILL, SUITE 650, HOUSTON TX 77024
Michael Abad-santos	director	C/O GOGO INC., 105 EDGEVIEW DR., SUITE 300, BROOMFIELD CO 80021
Leigh Goldfine	officer: VP, Controller and CAO	C/O GOGO INC., 105 EDGEVIEW DR., SUITE 300, BROOMFIELD CO 80021
Jessica Betjemann	officer: SVP, Finance, Treasurer & CAO	C/O GOGO INC., 111 N. CANAL ST, SUITE 1400, CHICAGO IL 60606
Marguerite M Elias	officer: Exec VP, Gen Counsel and Sec	1250 N ARLINGTON HEIGHTS RD, STE 500, ITASCA IL 60143
Michael P. Bayer	officer: SVP, Controller & CAO	1250 N. ARLINGTON HEIGHTS ROAD, STE 500, ITASCA IL 60143
Robert L Crandall	director	C/O AMR CORP/AMERICAN AIRLINES INC, 5215 NORTH O'CONNOR BLVD, IRVING TX 75039
Silver (xii) Holdings, Llc	director, 10 percent owner	300 NORTH LASALLE STREET, SUITE 5600, CHICAGO IL 60654
Mark M. Anderson	director	300 NORTH LASALLE STREET, SUITE 5600, CHICAGO IL 60654
Mudrick Distressed Opportunity Specialty Fund, L.p.	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Distressed Opportunity Fund Global, Lp	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022
Mudrick Gp, Llc	10 percent owner	527 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022