$214.6 M

ENT Mkt cap, 14-Dec-2018

$164 M

Global Eagle Entertainment Revenue Q3, 2018
Global Eagle Entertainment Gross profit (Q3, 2018)35.5 M
Global Eagle Entertainment Gross profit margin (Q3, 2018), %21.6%
Global Eagle Entertainment Net income (Q3, 2018)-43.2 M
Global Eagle Entertainment EBIT (Q3, 2018)-21.6 M
Global Eagle Entertainment Cash, 30-Sep-201831.7 M
Global Eagle Entertainment EV870.3 M

Global Eagle Entertainment Revenue

Global Eagle Entertainment revenue was $619.47 m in FY, 2017

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Global Eagle Entertainment Revenue Breakdown

Embed Graph

Global Eagle Entertainment revenue breakdown by business segment: 27.7% from Connectivity and 72.3% from Content

Global Eagle Entertainment Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

259.7m387.7m426.0m529.8m619.5m

Revenue growth, %

49%10%24%

Cost of goods sold

197.9m281.9m279.2m365.5m462.1m

Gross profit

61.8m105.9m146.9m164.3m157.3m

Gross profit Margin, %

24%27%34%31%25%

Sales and marketing expense

30.9m40.9m

R&D expense

37.7m35.6m

General and administrative expense

115.2m148.2m

Operating expense total

692.4m437.2m

Depreciation and amortization

35.6m44.0m

EBIT

(45.5m)(35.5m)(8.8m)(162.7m)(279.8m)

EBIT margin, %

(18%)(9%)(2%)(31%)(45%)

Interest expense

2.4m88.0k2.5m58.5m

Interest income

2.5m

Pre tax profit

(112.9m)(46.6m)(505.0k)(157.8m)(362.0m)

Income tax expense

(1.8m)10.6m1.6m(44.9m)(4.9m)

Net Income

(114.7m)(57.2m)(2.1m)(112.9m)(357.1m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

74.5m86.0m98.1m102.6m100.3m102.4m110.1m113.8m112.3m146.9m152.6m308.3m459.9m156.5m166.0m164.0m

Cost of goods sold

54.0m65.1m74.6m73.6m69.4m66.1m71.5m76.8m75.1m103.3m110.5m228.6m341.6m118.5m126.7m128.6m

Gross profit

20.5m20.9m23.5m29.0m30.9m36.3m38.7m37.0m37.2m43.6m42.1m79.7m118.3m38.0m39.2m35.5m

Gross profit Margin, %

28%24%24%28%31%35%35%33%33%30%28%26%26%24%24%22%

Sales and marketing expense

3.8m2.8m3.3m4.0m3.3m5.0m4.8m4.7m6.5m8.4m11.0m21.0m30.4m9.7m10.9m9.0m

R&D expense

2.3m3.9m4.5m7.2m7.2m6.5m7.8m8.7m8.4m7.9m7.6m15.6m26.9m8.4m9.9m7.5m

General and administrative expense

17.1m17.1m17.1m17.2m18.1m18.3m22.1m21.2m18.4m44.7m35.3m70.3m109.4m38.3m29.8m31.6m

Operating expense total

81.3m95.4m105.7m110.6m104.3m101.8m113.5m118.8m154.1m175.1m254.0m435.9m619.9m67.6m60.8m57.0m

Depreciation and amortization

11.0m21.9m32.8m10.7m10.4m9.4m

EBIT

(6.8m)(9.4m)(7.5m)(8.0m)(4.0m)547.0k(3.4m)(5.0m)(41.8m)(28.2m)(101.4m)(127.5m)(160.0m)(29.6m)(21.5m)(21.6m)

EBIT margin, %

(9%)(11%)(8%)(8%)(4%)1%(3%)(4%)(37%)(19%)(66%)(41%)(35%)(19%)(13%)(13%)

Interest expense

267.0k161.0k42.0k175.0k245.0k804.0k613.0k6.4m11.0m25.8m43.9m15.6m19.8m20.0m

Interest income

267.0k161.0k42.0k175.0k

Pre tax profit

(4.2m)(24.9m)12.8m(14.1m)(4.1m)14.3m(6.6m)748.0k(37.4m)(30.7m)(122.8m)(162.9m)(211.7m)(43.0m)(42.2m)(40.4m)

Income tax expense

(1.2m)1.3m843.0k1.5m(686.0k)1.3m235.0k3.2m736.0k50.1m2.8m6.8m11.0m(4.7m)3.7m2.9m

Net Income

(5.4m)(26.1m)12.0m(15.5m)(3.4m)13.0m(6.9m)(2.4m)(38.2m)19.4m(125.6m)(169.7m)(222.7m)(38.3m)(45.9m)(43.2m)

Global Eagle Entertainment Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

258.8m197.6m223.6m50.7m48.3m

Accounts Receivable

64.2m85.5m93.4m120.5m113.5m

Inventories

15.5m13.6m15.0m26.0m28.4m

Current Assets

359.2m329.9m371.5m253.6m

PP&E

39.1m166.0m195.0m

Goodwill

52.3m53.0m93.8m327.8m159.7m

Total Assets

578.9m533.6m639.5m1.1b860.6m

Accounts Payable

82.0m118.5m240.3m205.0m

Short-term debt

2.1m20.1m

Current Liabilities

183.1m174.3m165.9m261.1m

Long-term debt

468.2m599.0m

Total Debt

470.3m619.1m

Total Liabilities

222.7m285.8m800.4m886.1m

Additional Paid-in Capital

620.9m645.1m688.7m747.0m779.6m

Retained Earnings

(243.9m)(301.3m)(303.5m)(416.4m)(773.8m)

Total Equity

356.2m312.6m353.8m299.0m(25.5m)

Debt to Equity Ratio

1.6 x

Debt to Assets Ratio

0.4 x

Financial Leverage

1.6 x1.7 x1.8 x3.7 x-33.8 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

97.9m250.6m215.3m209.6m277.3m282.5m218.1m219.2m196.7m56.2m105.4m66.6m58.0m168.9m37.4m31.7m

Accounts Receivable

55.7m62.7m72.7m83.0m92.5m87.9m97.6m88.6m88.6m118.1m126.5m123.1m113.9m102.3m103.4m99.7m

Inventories

13.6m12.9m13.8m11.8m15.2m17.5m18.3m18.9m18.0m30.9m30.4m27.1m29.8m32.6m32.7m38.4m

Current Assets

188.9m354.4m329.6m334.6m415.3m416.5m372.4m370.5m333.0m255.5m

PP&E

44.4m49.4m149.6m192.9m201.2m200.9m190.0m190.7m182.8m

Goodwill

46.8m52.3m52.3m53.0m52.8m52.9m91.6m93.1m93.0m364.5m249.9m248.6m248.7m159.7m159.6m159.6m

Total Assets

385.1m571.1m545.9m544.1m617.9m610.8m648.6m639.7m615.5m1.1b1.1b1.0b992.3m955.0m824.5m794.1m

Accounts Payable

70.5m85.4m92.9m98.1m101.0m99.5m114.4m132.0m112.5m175.1m236.3m216.5m191.6m197.0m188.2m167.1m

Short-term debt

752.0k753.0k750.0k6.3m13.7m13.4m16.7m19.6m20.9m

Current Liabilities

129.1m200.1m179.9m170.1m179.6m161.9m167.5m173.0m188.2m221.0m

Long-term debt

752.0k753.0k750.0k590.9m576.7m601.7m719.4m633.5m666.5m

Total Debt

1.5m1.5m1.5m597.2m590.4m615.1m736.1m653.1m687.4m

Total Liabilities

179.8m238.5m221.5m208.7m288.3m266.4m296.5m287.1m304.1m751.7m915.1m886.9m887.1m990.0m903.6m914.1m

Additional Paid-in Capital

370.6m623.4m613.9m640.4m665.7m667.5m682.2m690.1m687.0m745.0m749.0m749.9m776.0m807.4m809.4m811.9m

Retained Earnings

(174.4m)(270.3m)(258.3m)(273.8m)(304.8m)(291.8m)(298.6m)(305.9m)(344.0m)(324.7m)(542.3m)(586.4m)(639.4m)(811.1m)(857.1m)(900.3m)

Total Equity

205.3m332.7m324.4m335.4m175.2m131.9m105.2m(35.0m)(79.1m)(119.9m)

Debt to Equity Ratio

4.5 x5.8 x-21 x-8.3 x-5.7 x

Debt to Assets Ratio

0 x0 x0.6 x0.6 x0.8 x0.8 x0.9 x

Financial Leverage

1.9 x1.7 x1.7 x1.6 x6.2 x7.7 x9.4 x-27.3 x-10.4 x-6.6 x

Global Eagle Entertainment Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(114.7m)(57.2m)(2.1m)(112.9m)(357.1m)

Depreciation and Amortization

30.9m24.6m36.6m35.6b89.9m

Accounts Receivable

(2.0m)(26.0m)(5.9m)(8.0m)4.2m

Inventories

(3.1m)(5.4m)(1.6m)2.1m(5.6m)

Accounts Payable

(22.5m)19.6m3.9m14.9m23.4m

Cash From Operating Activities

(54.1m)(23.4m)21.6m(36.6m)(53.7m)

Purchases of PP&E

(11.5m)(9.1m)(20.7m)(54.2m)(75.0m)

Cash From Investing Activities

129.8m(9.7m)(80.9m)(150.8m)(73.2m)

Long-term Borrowings

(5.6m)(9.7m)(851.0k)(3.8m)(10.6m)

Cash From Financing Activities

181.0m(28.0m)84.8m13.9m123.8m

Interest Paid

2.1m447.0k1.2m19.2m36.0m

Income Taxes Paid

6.2m4.2m5.4m12.6m7.9m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(5.4m)(26.1m)(14.2m)(29.7m)(3.4m)9.6m2.7m(2.4m)(40.6m)(21.2m)(125.6m)(169.7m)(222.7m)(38.3m)(84.2m)(127.4m)

Depreciation and Amortization

9.4m17.7m26.0m16.3m25.9m10.5m21.6m36.9m

Accounts Receivable

1.5m(8.5m)(18.7m)(2.5m)(6.1m)4.5m5.3m(634.0k)(6.6m)(5.0m)3.2m10.1m5.2m8.5m

Inventories

(4.6m)(8.5m)(2.8m)(6.1m)(4.4m)(7.8m)(5.2m)(7.3m)(14.1m)

Accounts Payable

4.5m8.8m20.3m1.4m671.0k3.9m37.9m686.0k(10.5m)(8.8m)2.2m1.3m(15.0m)(34.4m)

Cash From Operating Activities

(2.9m)(12.9m)(12.1m)4.5m12.0m1.6m666.0k(36.0m)(35.5m)(43.6m)(55.0m)(4.0m)(42.8m)(69.5m)

Purchases of PP&E

(2.0m)(4.0m)(6.2m)(5.0m)(14.7m)(3.3m)(17.6m)(29.5m)(20.2m)(42.9m)(62.7m)(15.2m)(24.5m)(33.5m)

Cash From Investing Activities

(2.0m)(3.5m)(6.1m)(5.0m)(76.7m)(5.8m)(21.9m)(125.5m)(20.2m)(41.1m)(60.9m)(15.2m)(24.5m)(33.5m)

Long-term Borrowings

(171.0k)(3.7m)(7.1m)(3.4m)(6.7m)

Cash From Financing Activities

(3.3m)(27.0m)(30.9m)85.0m84.8m(42.0k)(5.5m)(6.1m)110.1m100.2m122.9m139.6m58.3m83.8m

Global Eagle Entertainment Ratios

USDY, 2018

EV/EBIT

-40.4 x

EV/CFO

-12.5 x

Debt/Equity

-5.7 x

Debt/Assets

0.9 x

Financial Leverage

-6.6 x
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Global Eagle Entertainment Operating Metrics

FY, 2013FY, 2014FY, 2015

Aircraft Fleet

500 624 700

Airlines

120 150 150
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