Global Geophysical Services Inc (GGS) financial statements (2021 and earlier)

Company profile

Business Address 13927 SOUTH GESSNER
MISSOURI CITY, TX 77489
State of Incorp. DE
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)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1923
Cash and cash equivalents1923
Receivables8270
Inventory, net of allowances, customer advances and progress billings012
Inventory012
Prepaid expense3
Prepaid expense and other current assets13
Income taxes receivable 1
Deferred tax assets 13
Other undisclosed current assets(14)(20)
Total current assets:91112
Noncurrent Assets
Property, plant and equipment80100
Long-term investments and receivables 0
Long-term investments 0
Intangible assets, net (including goodwill)2125
Goodwill1112
Intangible assets, net (excluding goodwill)1013
Regulated entity, other noncurrent assets 6
Deferred costs9 
Other noncurrent assets0
Prepaid expense and other noncurrent assets6
Deferred tax assets, net (14)
Other undisclosed noncurrent assets192317
Total noncurrent assets:302441
TOTAL ASSETS:393553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4943
Taxes payable74
Other undisclosed accounts payable and accrued liabilities4239
Debt34229
Deferred revenue and credits2622
Other liabilities13
Other undisclosed current liabilities74
Total current liabilities:426100
Noncurrent Liabilities
Long-term debt and lease obligation337315
Long-term debt, excluding current maturities337311
Capital lease obligations 4
Liabilities, other than long-term debt02
Other liabilities02
Other undisclosed noncurrent liabilities(337)28
Total noncurrent liabilities:0345
Total liabilities:426445
Stockholders' equity
Stockholders' equity attributable to parent(33)108
Common stock00
Treasury stock, value(97)(97)
Additional paid in capital269253
Accumulated deficit(207)(50)
Other undisclosed stockholders' equity9797
Total stockholders' equity:63204
Other undisclosed liabilities and equity(97)(97)
TOTAL LIABILITIES AND EQUITY:393553

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

12/31/2013
12/31/2012
Revenues289339
Cost of revenue
(Cost of Goods and Services Sold)
(229) 
Other undisclosed gross profit (240)
Gross profit:6099
Operating expenses(262)(240)
Other operating income, net
(Other Expenses)
3736
Other undisclosed operating income45147
Operating income (loss):(120)42
Nonoperating expense(1)(4)
Foreign currency transaction loss, before tax(0)(2)
Other nonoperating expense(1)(2)
Interest and debt expense(36)(32)
Income (loss) from continuing operations before income taxes:(157)7
Income tax expense (benefit)3(20)
Net loss:(154)(14)
Net income attributable to noncontrolling interest00
Net loss available to common stockholders, diluted:(154)(13)

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net loss:(154)(14)
Comprehensive loss:(154)(14)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)
Comprehensive loss, net of tax, attributable to parent:(154)(14)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: