Dawson Geophysical Company (DWSN) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,64141,53828,62139,31238,59614,62437,009
Cash and cash equivalents25,37640,95526,27128,72922,01314,62437,009
Short-term investments2655832,35010,58316,583  
Restricted cash and investments5,000 5,000    
Receivables8,9057,34324,42225,40233,83316,03135,700
Other undisclosed current assets3,3139,7097,57512,3114,67745,07227,150
Total current assets:42,85958,59065,61877,02577,10675,72799,859
Noncurrent Assets
Finance lease, right-of-use asset2,370  
Operating lease, right-of-use asset4,4355,494 
Property, plant and equipment 38,90053,54971,54186,573110,917147,567
Long-term investments and receivables  1,3941,447841  
Accounts and financing receivable, after allowance for credit loss  1,3941,447841  
Intangible assets, net (including goodwill)395393385379494487361
Intangible assets, net (excluding goodwill)395393385379494487361
Deferred tax assets, net293224  
Other undisclosed noncurrent assets23,979 6,662  535 
Total noncurrent assets:31,17944,78761,99073,66088,132111,939147,928
TOTAL ASSETS:74,038103,377127,608150,685165,238187,666247,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,9844,4599,51410,10411,3989,48514,079
Accounts payable2,5801,6033,9525,4275,9335,6178,401
Accrued liabilities1,3381,8113,5993,6434,3142,9834,604
Employee-related liabilities1,0661,0451,9631,0341,1518851,074
Deferred revenue1,3441,779 
Debt302944,0626,6832,7122,3578,585
Deferred revenue and credits3,6993,1556,146
Contract with customer, liability3,48110,501
Other undisclosed current liabilities9611,1091,200    
Total current liabilities:7,5917,44118,25727,28817,80914,99728,810
Noncurrent Liabilities
Long-term debt and lease obligation, including:844966,0975,153 2,106
Finance lease, liability844 
Operating lease, liability3,9424,899 
Other undisclosed long-term debt and lease obligation(3,942)(4,899)966,0975,153 2,106
Liabilities, other than long-term debt20191502841,0241,7857,153
Accounts payable and accrued liabilities  1501501501,6391,834
Deferred tax liabilities, net1348741465,319
Deferred income tax liabilities2019 
Other undisclosed noncurrent liabilities3,9424,8995,940    
Total noncurrent liabilities:3,9704,9626,1866,3816,1771,7859,259
Total liabilities:11,56112,40324,44333,66923,98616,78238,069
Stockholders' equity
Stockholders' equity attributable to parent62,47790,974103,165117,016141,252170,884209,718
Common stock237235233230218217216
Additional paid in capital155,268154,866154,235153,268143,835142,998142,269
Accumulated other comprehensive loss(1,010)(1,200)(1,572)(1,964)(780)(1,596)(1,824)
Retained earnings (accumulated deficit)(92,018)(62,927)(49,731)(34,518)(2,021)29,26569,057
Total stockholders' equity:62,47790,974103,165117,016141,252170,884209,718
TOTAL LIABILITIES AND EQUITY:74,038103,377127,608150,685165,238187,666247,787

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues24,69586,100145,773154,156157,148133,330234,685
Revenue, net157,148133,330234,685
Cost of revenue(29,016)(68,998)(123,024)    
Gross profit:(4,321)17,10222,749154,156157,148133,330234,685
Operating expenses(12,046)(13,920)(17,169)(179,183)(194,588)(182,766)(275,367)
Other undisclosed operating loss(12,863)(17,174)(21,826)    
Operating loss:(29,230)(13,992)(16,246)(25,027)(37,440)(49,436)(40,682)
Nonoperating income1349031,2292307123,1081,098
Investment income, nonoperating220402548400   
Other nonoperating income (expense)(86)501681(170)7123,1081,098
Interest and debt expense(21)(83)(435)(408)(158)(260)(609)
Other undisclosed income from continuing operations before equity method investments, income taxes     347159
Loss from continuing operations before equity method investments, income taxes:(29,117)(13,172)(15,452)(25,205)(36,886)(46,241)(40,034)
Other undisclosed income from continuing operations before income taxes    306  
Loss from continuing operations before income taxes:(29,117)(13,172)(15,452)(25,205)(36,580)(46,241)(40,034)
Income tax expense (benefit)26(24)2397985,3146,44913,755
Net loss available to common stockholders, diluted:(29,091)(13,196)(15,213)(24,407)(31,266)(39,792)(26,279)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(29,091)(13,196)(15,213)(24,407)(31,266)(39,792)(26,279)
Comprehensive loss:(29,091)(13,196)(15,213)(24,407)(31,266)(39,792)(26,279)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent190372392(1,141)816228(1,480)
Comprehensive loss, net of tax, attributable to parent:(28,901)(12,824)(14,821)(25,548)(30,450)(39,564)(27,759)

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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