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 investments | 37 | 51 | 63 | 43 | 33 | 28 | 30 | ||
| Cash and cash equivalents | 37 | 51 | 63 | 43 | 33 | 28 | 30 | ||
| Restricted cash and investments | 2 | 2 | 0 | 0 | |||||
| Receivables | 8 | 30 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 11 | 12 | 12 | 13 | 12 | 13 | 13 | ||
| Inventory | 11 | 12 | 12 | 13 | 12 | 13 | 13 | ||
| Contract with customer, asset | 11 | 10 | 13 | 8 | 31 | 23 | |||
| Other undisclosed current assets | 5 | 12 | 15 | 57 | 18 | 30 | 25 | ||
| Total current assets: | 75 | 87 | 102 | 121 | 93 | 102 | 91 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 36 | 38 | 40 | 42 | 33 | 37 | 40 | ||
| Property, plant and equipment | 11 | 12 | 13 | 13 | 13 | ||||
| Intangible assets, net (including goodwill) | 20 | 19 | 18 | 18 | 24 | 22 | 23 | ||
| Goodwill | 20 | 19 | 18 | 18 | 24 | 22 | 23 | ||
| Deferred income tax assets | 8 | 8 | 8 | 9 | 8 | 8 | |||
| Other noncurrent assets | 3 | 2 | 4 | 3 | 2 | 2 | 2 | ||
| Other undisclosed noncurrent assets | 60 | 53 | 52 | 54 | 74 | 70 | 66 | ||
| Total noncurrent assets: | 118 | 131 | 134 | 139 | 141 | 153 | 152 | ||
| TOTAL ASSETS: | 194 | 218 | 236 | 259 | 233 | 255 | 242 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 50 | 64 | 63 | 73 | 80 | 86 | 69 | ||
| Accounts payable | 33 | 35 | 37 | 44 | 49 | 44 | 36 | ||
| Accrued liabilities | 16 | 29 | 26 | 29 | 30 | 43 | 32 | ||
| Deferred revenue | 4 | 2 | 4 | 5 | 5 | 5 | 4 | ||
| Debt | 144 | 24 | 24 | 29 | 2 | 1 | 1 | ||
| Other undisclosed current liabilities | 29 | 27 | 30 | 31 | 30 | 29 | 28 | ||
| Total current liabilities: | 226 | 117 | 120 | 138 | 116 | 122 | 103 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 38 | 119 | 119 | 119 | 119 | 119 | 119 | ||
| Operating lease, liability | 38 | 40 | 40 | 41 | 31 | 35 | 38 | ||
| Other undisclosed long-term debt and lease obligation | 79 | 79 | 79 | 89 | 84 | 81 | |||
| Liabilities, other than long-term debt | 0 | 0 | 0 | 0 | 1 | 2 | 2 | ||
| Other liabilities | 0 | 0 | 0 | 0 | 1 | 2 | 2 | ||
| Other undisclosed noncurrent liabilities | 40 | 40 | 41 | 31 | 35 | 38 | |||
| Total noncurrent liabilities: | 39 | 160 | 160 | 160 | 152 | 156 | 159 | ||
| Total liabilities: | 265 | 277 | 280 | 298 | 268 | 278 | 262 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (73) | (61) | (46) | (40) | (37) | (25) | (21) | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 959 | 958 | 958 | 957 | 957 | 956 | 955 | ||
| 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 interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Total stockholders' equity: | (71) | (60) | (44) | (39) | (35) | (23) | (19) | ||
| TOTAL LIABILITIES AND EQUITY: | 194 | 218 | 236 | 259 | 233 | 255 | 242 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27 | 16 | 23 | 56 | 43 | 53 | 42 | |
| Cost of revenue | 57 | (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: | 7 | 1 | 5 | 28 | 5 | 25 | 20 | |
| Operating expenses | (12) | (12) | (10) | (22) | (15) | (21) | (22) | |
| Operating income (loss): | (4) | (11) | (5) | 6 | (10) | 4 | (3) | |
| Nonoperating income (expense) | 0 | (1) | 7 | 0 | (1) | (0) | 0 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (4) | (12) | 1 | 7 | (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 interest | 0 | (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) | 1 | 1 | (1) | 2 | (1) | (1) | ||
| Comprehensive loss: | (13) | (16) | (6) | (4) | (12) | (4) | (9) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (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.