SAExploration Holdings, Inc. (SAEX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1160 DAIRY ASHFORD RD. HOUSTON, TX 77079 |
| 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)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,441 | 7,192 | 3,613 | 11,460 | 11,300 | 12,322 | |||
| Cash and cash equivalents | 5,441 | 7,192 | 3,613 | 11,460 | 11,300 | 12,322 | |||
| Restricted cash and investments | 74 | 271 | 41 | ||||||
| Receivables | 51,582 | 24,859 | 6,105 | 69,721 | 67,882 | 73,584 | |||
| Prepaid expense | 6,395 | 1,977 | 887 | 17,037 | |||||
| Contract with customer, asset, after allowance for credit loss | 14,966 | 3,717 | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets | ✕ | ✕ | 520 | ||||||
| Other undisclosed current assets | 5,324 | 2,813 | 2,107 | 9,180 | 5,653 | 5,354 | |||
| Total current assets: | 77,387 | 38,852 | 18,261 | 92,338 | 85,722 | 108,817 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 324 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 6,421 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 37,289 | 35,334 | 32,946 | 42,759 | 61,828 | 77,096 | |||
| Long-term investments and receivables | 52,804 | 78,102 | 37,984 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 52,804 | 78,102 | 37,984 | ||||||
| Intangible assets, net (including goodwill) | 5,517 | 5,753 | 2,503 | 2,432 | 2,447 | 3,027 | |||
| Goodwill | 1,766 | 1,687 | 1,832 | 1,711 | 1,658 | 1,977 | |||
| Intangible assets, net (excluding goodwill) | 3,751 | 4,066 | 671 | 721 | 789 | 1,050 | |||
| Deferred costs | 4,891 | 6,826 | |||||||
| Other noncurrent assets | 778 | 2,715 | 182 | 164 | 150 | ||||
| Deferred tax assets, net | ✕ | ✕ | 4,592 | 5,122 | 3,756 | 8,027 | |||
| Other undisclosed noncurrent assets | 14,499 | 2,015 | 5,352 | 20,856 | |||||
| Total noncurrent assets: | 64,828 | 98,621 | 123,677 | 109,317 | 73,072 | 94,976 | |||
| TOTAL ASSETS: | 142,215 | 137,473 | 141,938 | 201,655 | 158,794 | 203,793 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 42,902 | 23,932 | 18,749 | 37,656 | 36,979 | 65,418 | |||
| Interest and dividends payable | 7,489 | ||||||||
| Taxes payable | 5,902 | 3,331 | 7,887 | 15,605 | 2,586 | 20,261 | |||
| Accounts payable | 30,966 | 10,103 | 4,551 | 9,301 | 16,575 | 34,255 | |||
| Accrued liabilities | 6,034 | 10,498 | 6,311 | 12,750 | 17,818 | 3,413 | |||
| Deferred revenue | 8,724 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 114,977 | 7,837 | 5,900 | 8,014 | 2,114 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1,477 | 7,975 | 3,903 | 374 | ||
| Deferred tax liabilities | ✕ | ✕ | 587 | ||||||
| Contract with customer, liability | ✕ | ✕ | 4,298 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 995 | 8,465 | |||||||
| Total current liabilities: | 166,603 | 36,067 | 21,221 | 51,531 | 48,896 | 76,958 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,145 | 85,653 | 85,050 | 80,238 | 140,055 | 300,185 | |||
| Long-term debt, excluding current maturities | 7,145 | 85,653 | 85,050 | 80,238 | 140,000 | 300,000 | |||
| Capital lease obligations | ✕ | ✕ | 55 | 185 | |||||
| Other undisclosed long-term debt and lease obligation | (3,980) | ||||||||
| Liabilities, other than long-term debt | 4,280 | 380 | 608 | 55 | 5,731 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | 55 | 5,731 | |||||
| Other liabilities | 4,280 | 380 | 608 | ||||||
| Operating lease, liability | 3,980 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 35,248 | 31,825 | (150,000) | ||||||
| Total noncurrent liabilities: | 11,425 | 86,033 | 120,906 | 112,063 | 140,110 | 155,916 | |||
| Total liabilities: | 178,028 | 122,100 | 142,127 | 163,594 | 189,006 | 232,874 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (39,611) | 11,148 | (4,759) | 34,445 | (34,645) | (32,439) | |||
| Common stock | 1 | 1 | 2 | 2 | |||||
| Treasury stock, value | (2,232) | (1,866) | (113) | ||||||
| Additional paid in capital | 240,068 | 232,661 | 133,741 | 131,816 | 35,763 | 28,185 | |||
| Accumulated other comprehensive loss | (2,912) | (3,035) | (5,082) | (4,822) | (4,271) | ||||
| Accumulated deficit | (274,535) | (216,612) | (133,306) | (92,550) | (66,139) | (56,264) | |||
| Other undisclosed equity, attributable to parent | (4,362) | ||||||||
| Equity, attributable to noncontrolling interest | 3,798 | 4,225 | 4,570 | 3,616 | 4,433 | 3,358 | |||
| Total equity: | (35,813) | 15,373 | (189) | 38,061 | (30,212) | (29,081) | |||
| TOTAL LIABILITIES AND EQUITY: | 142,215 | 137,473 | 141,938 | 201,655 | 158,794 | 203,793 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 255,234 | 94,604 | 127,022 | 205,564 | 228,137 | 386,820 | ||
| Revenue, net | ✕ | ✕ | ✕ | 127,022 | 205,564 | 228,137 | 386,820 | |
| Cost of revenue | (210,679) | (11,111) | (104,954) | (160,528) | (177,374) | (330,610) | ||
| Cost of goods and services sold | (210,679) | (11,111) | (11,725) | (16,410) | (177,374) | (330,610) | ||
| Other undisclosed gross profit | (86,065) | |||||||
| Gross profit: | 44,555 | (2,572) | 22,068 | 45,036 | 50,763 | 56,210 | ||
| Operating expenses | (39,844) | (59,933) | (25,596) | (33,795) | (35,174) | (42,225) | ||
| Other operating income (expense), net | (30,943) | (27,194) | (18,338) | 294 | ||||
| Other expenses | (30,943) | (27,194) | (18,338) | (42,186) | ||||
| Other undisclosed operating income | 30,943 | 27,194 | 18,338 | 2,388 | ||||
| Operating income (loss): | 4,711 | (62,505) | (3,528) | 11,241 | 15,589 | 16,667 | ||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | (436) | (3,417) | (1,308) | 1,977 | (4,393) | (3,451) | ||
| Interest and debt expense | (6,976) | 53 | (29,363) | (23,697) | (13,725) | (33,935) | ||
| Loss from continuing operations before equity method investments, income taxes: | (2,701) | (65,869) | (34,199) | (10,479) | (2,529) | (20,719) | ||
| Other undisclosed loss from continuing operations before income taxes | (11,725) | (14,402) | (272) | (5,474) | (220) | (4,800) | ||
| Loss from continuing operations before income taxes: | (14,426) | (80,271) | (34,471) | (15,953) | (2,749) | (25,519) | ||
| Income tax expense | (8,187) | (2,424) | (4,313) | (6,056) | (2,693) | (12,876) | ||
| Loss from continuing operations: | (22,613) | (82,695) | (38,784) | (22,009) | (5,442) | (38,395) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (22,613) | (82,695) | (38,784) | (22,009) | (5,442) | (38,395) | |
| Net loss: | (22,613) | (82,695) | (38,784) | (22,009) | (5,442) | (38,395) | ||
| Net loss attributable to noncontrolling interest | (2,573) | (905) | (1,972) | (3,021) | (4,433) | (3,358) | ||
| Net loss available to common stockholders, basic: | (25,186) | (83,600) | (40,756) | (25,030) | (9,875) | (41,753) | ||
| Other undisclosed net loss available to common stockholders, diluted | (53,000) | |||||||
| Net loss available to common stockholders, diluted: | (25,186) | (136,600) | (40,756) | (25,030) | (9,875) | (41,753) | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (22,613) | (82,695) | (38,784) | (22,009) | (5,442) | (38,395) | ||
| Other comprehensive loss | (80,648) | (39,044) | (22,560) | (5,351) | (40,674) | |||
| Other undisclosed comprehensive income | 123 | 82,695 | 38,784 | |||||
| Comprehensive loss: | (22,490) | (80,648) | (39,044) | (44,569) | (10,793) | (79,069) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,573) | (905) | (1,972) | (3,021) | (4,433) | (3,358) | ||
| Comprehensive loss, net of tax, attributable to parent: | (25,063) | (81,553) | (41,016) | (47,590) | (15,226) | (82,427) | ||
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.