Dawson Geophysical Company (DWSN) financial statements (2020 and earlier)
Company profile
| Business Address |
508 WEST WALL MIDLAND, TX 79701 |
| State of Incorp. | TX |
| 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22 | 39 | 39 | 15 | 37 | 11 | 16 | ||
| Cash and cash equivalents | 15 | 29 | 22 | 15 | 37 | 11 | 16 | ||
| Short-term investments | 7 | 11 | 17 | ||||||
| Restricted cash and investments | 5 | ||||||||
| Receivables | 36 | 25 | 34 | 16 | 36 | 20 | 11 | ||
| Prepaid expense | 4 | ||||||||
| Costs in excess of billings | ✕ | ✕ | 2 | 2 | |||||
| Other undisclosed current assets | 10 | 12 | 5 | 45 | 27 | 2 | 2 | ||
| Total current assets: | 73 | 77 | 77 | 76 | 100 | 35 | 35 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 58 | 72 | 87 | 111 | 148 | 49 | 63 | ||
| Long-term investments and receivables | 1 | 1 | 1 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 1 | 1 | 1 | ||||||
| Intangible assets, net (including goodwill) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Goodwill | 0 | 0 | |||||||
| Intangible assets, net (excluding goodwill) | 0 | 0 | 0 | 0 | 0 | ||||
| Other noncurrent assets | 0 | 0 | |||||||
| Deferred tax assets, net | ✕ | 0 | 0 | (5) | |||||
| Other undisclosed noncurrent assets | 7 | 1 | (49) | (59) | |||||
| Total noncurrent assets: | 67 | 74 | 88 | 112 | 148 | 0 | 0 | ||
| Other undisclosed assets | 50 | 63 | |||||||
| TOTAL ASSETS: | 140 | 151 | 165 | 188 | 248 | 85 | 98 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 13 | 10 | 11 | 9 | 14 | 11 | 8 | ||
| Accounts payable | 6 | 5 | 6 | 6 | 8 | 8 | 4 | ||
| Accrued liabilities | 4 | 4 | 4 | 3 | 5 | 2 | 3 | ||
| Employee-related liabilities | 3 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Taxes payable | 0 | 0 | |||||||
| Debt | 3 | 7 | 3 | 2 | 9 | 8 | 10 | ||
| Deferred revenue and credits | ✕ | ✕ | 4 | 3 | 6 | ||||
| Billings in excess of cost | ✕ | ✕ | 4 | 1 | |||||
| Contract with customer, liability | 8 | 11 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1 | (1) | (1) | ||||||
| Total current liabilities: | 25 | 27 | 18 | 15 | 29 | 22 | 17 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 0 | 6 | 5 | 2 | 6 | 7 | |||
| Long-term debt, excluding current maturities | 5 | 6 | |||||||
| Capital lease obligations | ✕ | 0 | 1 | ||||||
| Other undisclosed long-term debt and lease obligation | 0 | 6 | 5 | 2 | |||||
| Liabilities, other than long-term debt | 0 | 0 | 1 | 2 | 7 | 5 | |||
| Accounts payable and accrued liabilities | 0 | 0 | 0 | 2 | 2 | ||||
| Deferred tax liabilities, net | ✕ | 0 | 1 | 0 | 5 | 5 | |||
| Other undisclosed noncurrent liabilities | 6 | ||||||||
| Total noncurrent liabilities: | 6 | 6 | 6 | 2 | 9 | 6 | 12 | ||
| Total liabilities: | 32 | 34 | 24 | 17 | 38 | 28 | 29 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 109 | 117 | 141 | 171 | 210 | 57 | 69 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (1) | (1) | |||||||
| Additional paid in capital | 154 | 153 | 144 | 143 | 142 | 32 | 32 | ||
| Accumulated other comprehensive loss | (2) | (2) | (1) | (2) | (2) | (6) | (3) | ||
| Retained earnings (accumulated deficit) | (44) | (35) | (2) | 29 | 69 | 32 | 42 | ||
| Total stockholders' equity: | 109 | 117 | 141 | 171 | 210 | 57 | 69 | ||
| TOTAL LIABILITIES AND EQUITY: | 140 | 151 | 165 | 188 | 248 | 85 | 98 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 140 | 154 | 157 | 133 | 235 | 119 | 135 | |
| Revenue, net | ✕ | ✕ | 157 | 133 | 235 | 119 | 135 | |
| Cost of revenue | (102) | (108) | ||||||
| Cost of goods and services sold | (102) | (108) | ||||||
| Gross profit: | 140 | 154 | 157 | 133 | 235 | 17 | 26 | |
| Operating expenses | (162) | (179) | (195) | (183) | (275) | (31) | (34) | |
| Operating loss: | (22) | (25) | (37) | (49) | (41) | (14) | (7) | |
| Nonoperating income | 1 | 0 | 1 | 3 | 1 | |||
| Investment income, nonoperating | 1 | 0 | ||||||
| Other nonoperating income (expense) | 0 | (0) | 1 | 3 | 1 | |||
| Interest and debt expense | (1) | (0) | (0) | (0) | (1) | (1) | (1) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (22) | (25) | (37) | (46) | (40) | (14) | (8) | |
| Other undisclosed income from continuing operations before income taxes | 0 | |||||||
| Loss from continuing operations before income taxes: | (22) | (25) | (37) | (46) | (40) | (14) | (8) | |
| Income tax benefit | 1 | 1 | 5 | 6 | 14 | 5 | 2 | |
| Net loss available to common stockholders, diluted: | (21) | (24) | (31) | (40) | (26) | (10) | (6) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (21) | (24) | (31) | (40) | (26) | (10) | (6) | |
| Comprehensive loss: | (21) | (24) | (31) | (40) | (26) | (10) | (6) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | (1) | 1 | 0 | (1) | (3) | (4) | |
| Comprehensive loss, net of tax, attributable to parent: | (22) | (26) | (30) | (40) | (28) | (13) | (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.