Global Geophysical Services Inc (GGS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
13927 SOUTH GESSNER MISSOURI CITY, TX 77489 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1382 - Oil and Gas Field Exploration Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 18,900 | 23,359 | |||
| Cash and cash equivalents | 18,900 | 23,359 | |||
| Receivables | 81,860 | 69,837 | |||
| Inventory, net of allowances, customer advances and progress billings | 107 | 11,864 | |||
| Inventory | 107 | 11,864 | |||
| Prepaid expense | 3,227 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | 12,673 | ||
| Income taxes receivable | ✕ | 1,472 | |||
| Deferred tax assets | 12,673 | ||||
| Other undisclosed current assets | (13,569) | (20,107) | |||
| Total current assets: | 90,525 | 111,771 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 79,693 | 100,172 | |||
| Long-term investments and receivables | 441 | ||||
| Long-term investments | 441 | ||||
| Intangible assets, net (including goodwill) | 21,258 | 25,464 | |||
| Goodwill | 10,967 | 12,381 | |||
| Intangible assets, net (excluding goodwill) | 10,291 | 13,083 | |||
| Regulated entity, other noncurrent assets | 5,689 | ||||
| Deferred costs | 8,801 | ||||
| Other noncurrent assets | 200 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 6,401 | ||
| Deferred tax assets, net | (14,400) | ||||
| Other undisclosed noncurrent assets | 192,430 | 317,337 | |||
| Total noncurrent assets: | 302,382 | 441,104 | |||
| TOTAL ASSETS: | 392,907 | 552,875 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 48,682 | 42,597 | |||
| Taxes payable | 7,144 | 3,563 | |||
| Other undisclosed accounts payable and accrued liabilities | 41,538 | 39,034 | |||
| Debt | 342,306 | 28,609 | |||
| Other liabilities | 1,489 | 3,059 | |||
| Deferred revenue and credits | 26,361 | 22,498 | |||
| Other undisclosed current liabilities | 7,144 | 3,563 | |||
| Total current liabilities: | 425,982 | 100,326 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 336,542 | 315,426 | |||
| Long-term debt, excluding current maturities | 336,542 | 311,250 | |||
| Capital lease obligations | 4,176 | ||||
| Liabilities, other than long-term debt | 254 | 1,505 | |||
| Other liabilities | 254 | 1,505 | |||
| Other undisclosed noncurrent liabilities | (336,542) | 28,070 | |||
| Total noncurrent liabilities: | 254 | 345,001 | |||
| Total liabilities: | 426,236 | 445,327 | |||
| Equity | |||||
| Equity, attributable to parent | (33,329) | 107,548 | |||
| Common stock | 485 | 476 | |||
| Treasury stock, value | (96,531) | (96,528) | |||
| Additional paid in capital | 269,421 | 253,415 | |||
| Accumulated deficit | (206,704) | (49,815) | |||
| Other undisclosed equity | 96,531 | 96,528 | |||
| Total equity: | 63,202 | 204,076 | |||
| Other undisclosed liabilities and equity | (96,531) | (96,528) | |||
| TOTAL LIABILITIES AND EQUITY: | 392,907 | 552,875 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 288,659 | 338,984 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (229,066) | |||
| Other undisclosed gross profit | (239,783) | |||
| Gross profit: | 59,593 | 99,201 | ||
| Operating expenses | (261,655) | (239,783) | ||
| Other operating income, net (Other Expenses) | 36,981 | 35,826 | ||
| Other undisclosed operating income | 44,878 | 147,207 | ||
| Operating income (loss): | (120,203) | 42,451 | ||
| Nonoperating expense | (1,136) | (4,160) | ||
| Loss, foreign currency transaction, before tax | (439) | (1,688) | ||
| Other nonoperating expense | (697) | (2,472) | ||
| Interest and debt expense | (35,845) | (31,666) | ||
| Income (loss) from continuing operations before income taxes: | (157,184) | 6,625 | ||
| Income tax expense (benefit) | 3,358 | (20,428) | ||
| Loss from continuing operations: | (153,826) | (13,803) | ||
| Loss before gain (loss) on sale of properties: | (153,826) | (13,803) | ||
| Net loss: | (153,826) | (13,803) | ||
| Net income attributable to noncontrolling interest | 312 | 472 | ||
| Net loss available to common stockholders, diluted: | (153,514) | (13,331) | ||
Comprehensive Income ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (153,826) | (13,803) | ||
| Comprehensive loss: | (153,826) | (13,803) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (312) | (472) | ||
| Comprehensive loss, net of tax, attributable to parent: | (154,138) | (14,275) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.