0000000000-22-001711.txt : 20220425 0000000000-22-001711.hdr.sgml : 20220425 20220211143003 ACCESSION NUMBER: 0000000000-22-001711 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220211 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Gol Intelligent Airlines Inc. CENTRAL INDEX KEY: 0001291733 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 000000000 STATE OF INCORPORATION: D5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: PRACA COMANDANTE LINNEU GOMES STREET 2: PORTARIA 3, PREDIO 24 JARDIM AEROPORTO CITY: SAO PAULO STATE: D5 ZIP: 04630-000 BUSINESS PHONE: 55 11 5033-4226 MAIL ADDRESS: STREET 1: PRACA COMANDANTE LINNEU GOMES STREET 2: PORTARIA 3, PREDIO 24 JARDIM AEROPORTO CITY: SAO PAULO STATE: D5 ZIP: 04630-000 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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end TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo February 11, 2022 Richard F. Lark, Jr. Chief Financial Officer Gol Intelligent Airlines Inc. Pra a Comandante Linneu Gomes, S/N, Portaria 3 Jardim Aeroporto 04626-020 S o Paulo, S o Paulo Federative Republic of Brazil Re: Gol Intelligent Airlines Inc. Form 20-F for the Fiscal Year Ended December 31, 2020 Response dated January 24, 2022 File No. 001-32221 Dear Mr. Lark, Jr. : We have reviewed your January 24, 2022 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our October 26, 2021 letter. Form 20-F for the fiscal year ended December 31, 2020 Item 3. Key Information A. Selected Financial Data Reconciliation and Calculation of Certain Non-GAAP Measures, page 6 1. We note your response to prior comment 1, including your revisions to the calculations of EBITDA and Adjusted EBITDA. We also note you have provided a revised explanatory note on financial results. Please provide the following: Reconcile the revised explanatory note on financial results included in your response to the previous disclosure included in note 30 on page F-69 of the Form 20-F and Richard F. Lark, Jr. Gol Intelligent Airlines Inc. February 11, 2022 Page 2 explain the changes. In footnote 3 to the table included in your response, you have disclosed that the interest line item is comprised of interest on financial investments, interest and costs on loans and financing and interest on leases. Clarify the components and related amounts that comprise the line items Interest and costs on loans and financing and Interest on Financial Investments. Explain what these amounts represent and why you believe these expenses should be classified as interest for purposes of calculating EBITDA. Based on the financial results note 30 on page F-69 of the Form 20-F, it appears the interest on financial investments is comprised of the line item Gains from financial investments of $182,966 and the line item Losses from financial investments of $(65,403). If true, please explain to us the basis for classifying these gains and losses as interest in the line item Interest on Financial Investments. Please revise your disclosure to include a footnote that identifies and quantifies the components included in the line item Non-recurring results, net in your calculation of Adjusted EBITDA. You may contact Myra Moosariparambil at 202-552-2796 or Raj Rajan at 202-551-3388 with any questions. FirstName LastNameRichard F. Lark, Jr. Sincerely, Comapany NameGol Intelligent Airlines Inc. Division of Corporation Finance February 11, 2022 Page 2 Office of Energy & Transportation FirstName LastName