Geospace Technologies Corporation (GEOS) financial statements (2022 and earlier)

Company profile

Business Address 7007 PINEMONT DR.
HOUSTON, TX 77040
State of Incorp. TX
Fiscal Year End September 30
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,78823,56232,68618,92537,40551,22937,753
Cash and cash equivalents7,16314,06632,68618,92511,93415,09210,262
Short-term investments7,6259,496  25,47136,13727,491
Receivables20,29018,21013,77827,42618,58112,49016,925
Inventory, net of allowances, customer advances and progress billings19,91916,19616,93323,85518,81220,752104,540
Inventory19,91916,19616,93323,85518,81220,752104,540
Assets held-for-sale, not part of disposal group  587    
Other undisclosed current assets2,1182,0629531,0011,8561,89615,116
Total current assets:57,11560,03064,93771,20776,65486,367174,334
Noncurrent Assets
Inventory, Noncurrent13,32418,10316,93021,52431,65555,935 
Operating lease, right-of-use asset1,1331,191100 
Property, plant and equipment28,94229,98329,87431,47433,62437,39944,732
Long-term investments and receivables2,1062,938 1844,7408,1951,817
Accounts and financing receivable, after allowance for credit loss2,1062,938 1844,7408,1951,817
Intangible assets, net (including goodwill)11,87612,32212,66815,07112,349  
Goodwill5,0725,0724,3375,0084,343  
Intangible assets, net (excluding goodwill)6,8047,2508,33110,0638,006  
Prepaid expense   64544502,620
Other noncurrent assets222  17921362980
Other undisclosed noncurrent assets35,81539,36262,33662,29839,79116,72131,189
Total noncurrent assets:93,418103,899121,908130,794122,426119,32980,438
TOTAL ASSETS:150,533163,929186,845202,001199,080205,696254,772
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7676,3911,59310,43910,9838,93710,094
Accounts payable3,7676,3911,5934,0514,1062,5992,120
Accrued liabilities   6,3706,8266,3387,849
Taxes payable   1851 125
Deferred revenue   2,724
Business combination, contingent consideration, liability247      
Deferred revenue and credits1,568174
Other liabilities7,401      
Other undisclosed current liabilities1508,8318,753 3,752  
Total current liabilities:11,56515,22210,34613,16314,73510,50510,268
Noncurrent Liabilities
Long-term debt and lease obligation1,0251,009     
Operating lease, liability1,0251,009  
Liabilities, other than long-term debt2,5545,21010,9629,9407,7583737
Deferred tax liabilities, net453737
Other liabilities31      
Business combination, contingent consideration, liability2,5235,21010,9629,9407,713  
Other undisclosed noncurrent liabilities 314,56751   
Total noncurrent liabilities:3,5796,25015,5299,9917,7583737
Total liabilities:15,14421,47225,87523,15422,49310,54210,305
Stockholders' equity
Stockholders' equity attributable to parent135,389142,457160,970178,847176,587195,154244,467
Common stock138137137136136134133
Treasury stock, value(7,500)(6,805)     
Additional paid in capital93,47192,93590,96588,66086,11683,73377,967
Accumulated other comprehensive loss(16,462)(16,320)(16,698)(15,757)(15,619)(14,230)(15,941)
Retained earnings65,74272,51086,566105,808105,954125,517182,308
Total stockholders' equity:135,389142,457160,970178,847176,587195,154244,467
TOTAL LIABILITIES AND EQUITY:150,533163,929186,845202,001199,080205,696254,772

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues84,39594,86487,83595,80975,74873,72162,060
Sales-type lease, interest income37,00037,000  
Cost of revenue(73,124)(78,570)(64,403)(64,381)(64,776)(94,404)(81,423)
Cost of goods and services sold(53,404)(58,884)(39,970)(46,059) (300)(1,022)
Other cost of operating revenue(19,720)(19,686)(24,433)(18,322)   
Gross profit:11,27116,29423,43231,42810,972(20,683)(19,363)
Operating expenses(38,904)(36,765)(40,308)(32,510)(31,715)(33,640)(36,147)
Other undisclosed operating income (loss)5,3353,600(1,163)2,115   
Operating income (loss):(22,298)(16,871)(18,039)1,033(20,743)(54,323)(55,510)
Nonoperating income3,1213,3931,4461,238951215177
Investment income, nonoperating1,1571,4411,1021,3081,083653376
Foreign currency transaction gain (loss), before tax(67)(41)491241324(339)(113)
Other nonoperating income (expense)252 (109)(212)(120)(60)(60)
Interest and debt expense  (38)(99)(336)(39)(26)
Other undisclosed income from continuing operations before equity method investments, income taxes  38993363926
Income (loss) from continuing operations before income taxes:(19,177)(13,478)(16,593)2,271(19,792)(54,108)(55,333)
Income tax expense (benefit)(597)(578)(2,649)(2,417)580(2,683)9,363
Net loss available to common stockholders, diluted:(19,774)(14,056)(19,242)(146)(19,212)(56,791)(45,970)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net loss:(19,774)(14,056)(19,242)(146)(19,212)(56,791)(45,970)
Comprehensive loss:(19,774)(14,056)(19,242)(146)(19,212)(56,791)(45,970)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent39378(941)(138)(1,389)1,711(2,996)
Comprehensive loss, net of tax, attributable to parent:(19,735)(13,678)(20,183)(284)(20,601)(55,080)(48,966)

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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