GOGO INC. (NASDAQ:GOGO) Files An 8-K Regulation FD DisclosureItem 7.01.
This Current Report amends the Current Report on Form 8-K filed on November17, 2017 (the “Original Filing”). Other than as set forth below, no other disclosure furnished with the Original Filing is amended by this Current Report.
On November17, 2017, Gogo Inc. (the “Company”) furnished an investor presentation as Exhibit 99.1 to the Original Filing (the “November Presentation”). The Company is furnishing the updated investor presentation set forth in Exhibit 99.1 to this Current Report to correct the calculation of Unlevered free cash flow before Cash CapEx as disclosed in slides 120 and 129 of the November Presentation as the calculation (i)did not exclude airborne equipment proceeds received from airlines from Net cash provided by (used in) operating activities and (ii)incorrectly adjusted for non-cash items related to the amortization of deferred financing costs and accretion and amortization of debt discount and premium.
Unlevered free cash flow before Cash CapEx is a Non-GAAP measure and is not a metric presented in the Company’s financial statements. The corrections to the November Presentation noted above do not affect the Company’s historical financial statements, which are prepared in accordance with accounting principles generally accepted in the United States.
The attached investor presentation hereby updates, supersedes and replaces the November Presentation in its entirety, as well as any other related Company disclosure or communication.
| Item 7.01. | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description |
| 99.1 | Updated Investor Presentation. |
Gogo Inc. ExhibitEX-99.1 2 d491861dex991.htm EX-99.1 EX-99.1 Gogo Investor & Analyst Day November 17,…To view the full exhibit click here
About GOGO INC. (NASDAQ:GOGO)
Gogo Inc. is a holding company. The Company is a provider of in-flight connectivity and wireless entertainment solutions for the aviation industry across the world. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). The Company provides services on approximately 9,600 aircrafts. Its commercial aviation business operates through the Company’s CA-NA and CA-ROW segments, and provides connectivity-based solutions. Its BA segment offers a suite of in-flight Internet connectivity and other voice and data communications products and services to the business aviation market. It offers global network solutions, which include global satellite solutions for CA, global satellite solutions for BA and North American solutions for CA-NA and BA; airborne equipment and related services; passenger services; airline/owner/operator services, and connected aircraft services.
