GEOKINETICS INC (GEOKQ) financial statements (2020 and earlier)

Company profile

Business Address 1500 CITYWEST BLVD., SUITE 800
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33
Cash and cash equivalents33
Restricted cash and investments8
Receivables142
Deferred costs9
Prepaid expense and other current assets16
Total current assets:210
Noncurrent Assets
Property, plant and equipment150
Deferred costs9
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets22
Total noncurrent assets:183
TOTAL ASSETS:393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188
Accounts payable34
Accrued liabilities88
Employee-related liabilities39
Taxes payable26
Debt354
Deferred revenue and credits21
Other undisclosed current liabilities(46)
Total current liabilities:516
Noncurrent Liabilities
Long-term debt and lease obligation, including:2
Other undisclosed long-term debt and lease obligation2
Liabilities, other than long-term debt13
Deferred tax liabilities, net13
Derivative instruments and hedges, liabilities0
Other undisclosed noncurrent liabilities63
Total noncurrent liabilities:78
Total liabilities:594
Temporary equity, carrying amount93
Stockholders' equity
Stockholders' equity attributable to parent(294)
Common stock0
Additional paid in capital220
Accumulated other comprehensive income0
Accumulated deficit(514)
Total stockholders' equity:(294)
TOTAL LIABILITIES AND EQUITY:393

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

12/31/2012
Revenues596
Cost of revenue(540)
Cost of goods and services sold(424)
Gross profit:56
Operating expenses(80)
Operating loss:(24)
Nonoperating expense(44)
Interest and debt expense(52)
Other undisclosed income from continuing operations before equity method investments, income taxes52
Loss from continuing operations before income taxes:(68)
Income tax expense(15)
Net loss attributable to parent:(83)
Preferred stock dividends and other adjustments(10)
Net loss available to common stockholders, diluted:(93)

Comprehensive Income ($ in millions)

12/31/2012
Net loss:(83)
Comprehensive loss, net of tax, attributable to parent:(83)

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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