Ion Geophysical Corporation (IO) financial statements (2021 and earlier)

Company profile

Business Address 2105 CITYWEST BLVD
HOUSTON, TX 770422855
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37516343332830
Cash and cash equivalents37516343332830
Restricted cash and investments220 0  
Receivables8   30  
Inventory, net of allowances, customer advances and progress billings11121213121313
Inventory11121213121313
Contract with customer, asset1110138 3123
Other undisclosed current assets5121557183025
Total current assets:75871021219310291
Noncurrent Assets
Operating lease, right-of-use asset36384042333740
Property, plant and equipment 111213 1313
Intangible assets, net (including goodwill)20191818242223
Goodwill20191818242223
Deferred income tax assets 888988
Other noncurrent assets3243222
Other undisclosed noncurrent assets60535254747066
Total noncurrent assets:118131134139141153152
TOTAL ASSETS:194218236259233255242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50646373808669
Accounts payable33353744494436
Accrued liabilities16292629304332
Deferred revenue4245554
Debt144242429211
Other undisclosed current liabilities29273031302928
Total current liabilities:226117120138116122103
Noncurrent Liabilities
Long-term debt and lease obligation, including:38119119119119119119
Operating lease, liability38404041313538
Other undisclosed long-term debt and lease obligation 797979898481
Liabilities, other than long-term debt0000122
Other liabilities0000122
Other undisclosed noncurrent liabilities 404041313538
Total noncurrent liabilities:39160160160152156159
Total liabilities:265277280298268278262
Stockholders' equity
Stockholders' equity attributable to parent(73)(61)(46)(40)(37)(25)(21)
Common stock0000000
Additional paid in capital959958958957957956955
Accumulated other comprehensive loss(20)(21)(22)(21)(19)(21)(20)
Accumulated deficit(1,012)(998)(982)(977)(974)(960)(956)
Stockholders' equity attributable to noncontrolling interest2222222
Total stockholders' equity:(71)(60)(44)(39)(35)(23)(19)
TOTAL LIABILITIES AND EQUITY:194218236259233255242

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues27162356435342
Cost of revenue57(15)(18)(27)(37)(28)(22)
Cost of goods and services sold (15)(18)(27)(37)(28)(22)
Other undisclosed gross profit(77)  (1)   
Gross profit:7152852520
Operating expenses(12)(12)(10)(22)(15)(21)(22)
Operating income (loss):(4)(11)(5)6(10)4(3)
Nonoperating income (expense)0(1)70(1)(0)0
Income (loss) from continuing operations before equity method investments, income taxes:(4)(12)17(11)4(2)
Other undisclosed loss from continuing operations before income taxes(4)(4)(3)(3)(4)(3)(3)
Income (loss) from continuing operations before income taxes:(8)(15)(2)4(14)0(6)
Income tax expense(6)(1)(3)(6)(0)(4)(3)
Net loss:(13)(16)(5)(2)(14)(3)(8)
Net income (loss) attributable to noncontrolling interest0(0)(0)0(0)(0)(0)
Net loss available to common stockholders, diluted:(13)(17)(5)(2)(14)(4)(9)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(13)(16)(5)(2)(14)(3)(8)
Other comprehensive loss   (2)   
Other undisclosed comprehensive income (loss)11(1) 2(1)(1)
Comprehensive loss:(13)(16)(6)(4)(12)(4)(9)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(0)0(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(12)(16)(6)(4)(12)(5)(10)

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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