Global Geophysical Services Inc (GGS) financial statements (2021 and earlier)

Company profile

Business Address 13927 SOUTH GESSNER
MISSOURI CITY, TX 77489
State of Incorp. DE
Fiscal Year End December 31
SIC 1382 - Oil and Gas Field Exploration Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21373119171132
Cash and cash equivalents21373119171132
Receivables75886682686974
Inventory, net of allowances, customer advances and progress billings0000511
Inventory0000 511
Prepaid expense654324 
Prepaid expense and other current assets1
Assets held-for-sale  4 
Income taxes receivable 011
Deferred tax assets     1313
Other undisclosed current assets(10)(20)(2)(14)(19)(17)(14)
Total current assets:91110100916890117
Noncurrent Assets
Property, plant and equipment67727680909294
Long-term investments and receivables    000
Long-term investments    000
Intangible assets, net (including goodwill)20212121222425
Goodwill11111111111212
Intangible assets, net (excluding goodwill)9101010111212
Regulated entity, other noncurrent assets    955
Deferred costs7899   
Other noncurrent assets0000106 
Prepaid expense and other noncurrent assets6
Other undisclosed noncurrent assets159170188192269285285
Total noncurrent assets:253271294302401413416
TOTAL ASSETS:344381394393469502534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:42444349443848
Taxes payable5887222
Other undisclosed accounts payable and accrued liabilities38363542413546
Debt405406112342149722
Deferred revenue and credits782426101320
Other liabilities1111122
Other undisclosed current liabilities(246)(242)87222
Total current liabilities:2102171894267215294
Noncurrent Liabilities
Long-term debt and lease obligation   337330248315
Long-term debt, excluding current maturities   337327244311
Capital lease obligations    333
Liabilities, other than long-term debt   0111
Other liabilities   0111
Other undisclosed noncurrent liabilities267268267(337)41825
Total noncurrent liabilities:2672682670335267341
Total liabilities:477484456426407419435
Stockholders' equity
Stockholders' equity attributable to parent(132)(103)(62)(33)618498
Common stock1110000
Treasury stock, value(97)(97)(97)(97)(97)(97)(97)
Additional paid in capital275273271269259257256
Accumulated deficit(312)(281)(237)(207)(101)(77)(61)
Other undisclosed stockholders' equity97979797979797
Total stockholders' equity:(36)(7)3563158180195
Other undisclosed liabilities and equity(97)(97)(97)(97)(97)(97)(97)
TOTAL LIABILITIES AND EQUITY:344381394393469502534

Income statement (P&L) ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues68886472706383
Cost of revenue
(Cost of Goods and Services Sold)
(49)(75)(43)(144)(39)  
Other undisclosed gross profit     (55)(72)
Gross profit:191322(72)31811
Operating expenses(57)(82)(63)(76)(68)(55)(72)
Other operating income (expense), net
(Other Expenses)
(17)(31)(13)11998
Other undisclosed operating income42884050122648
Operating loss:(13)(12)(15)(87)(15)(13)(5)
Nonoperating income (expense)(1)0(0)(1)(0)(0)0
Foreign currency transaction gain (loss), before tax   (0)(0)(0)0
Other nonoperating income (expense)(1)0(0)(0)(0)(0)(0)
Interest and debt expense(6)(19)(10)(10)(9)(8)(8)
Loss from continuing operations before equity method investments, income taxes:(20)(31)(25)(98)(25)(21)(13)
Other undisclosed loss from continuing operations before income taxes(10)(12)(3)    
Loss from continuing operations before income taxes:(30)(43)(28)(98)(25)(21)(13)
Income tax expense (benefit)(1)(1)(2)(4)152
Net loss:(31)(44)(30)(102)(24)(16)(12)
Net income (loss) attributable to noncontrolling interest   0(0)00
Net loss available to common stockholders, diluted:(31)(44)(30)(102)(24)(16)(12)

Comprehensive Income ($ in millions)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net loss:(31)(44)(30)(102)(24)(16)(12)
Comprehensive loss:(31)(44)(30)(102)(24)(16)(12)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)0(0)(0)
Comprehensive loss, net of tax, attributable to parent:(31)(44)(30)(102)(24)(16)(12)

Statements sources

The financial statements are based on the company's filings with the 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.

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