Global Geophysical Services Inc (GGS) financial statements (2020 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)

9/30/2014
TTM
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1923
Cash and cash equivalents 1923
Receivables 8270
Inventory, net of allowances, customer advances and progress billings 012
Inventory 012
Prepaid expense 3
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 equipment 80100
Long-term investments and receivables  0
Long-term investments  0
Intangible assets, net (including goodwill) 2125
Goodwill 1112
Intangible assets, net (excluding goodwill) 1013
Regulated entity, other noncurrent assets  6
Deferred costs 9 
Other noncurrent assets 0
Prepaid expense and other noncurrent assets6
Deferred tax assets, net  (14)
Other undisclosed noncurrent assets 192317
Total noncurrent assets: 302441
TOTAL ASSETS: 393553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4943
Taxes payable 74
Other undisclosed accounts payable and accrued liabilities 4239
Debt 34229
Deferred revenue and credits 2622
Other liabilities 13
Other undisclosed current liabilities 74
Total current liabilities: 426100
Noncurrent Liabilities
Long-term debt and lease obligation 337315
Long-term debt, excluding current maturities 337311
Capital lease obligations  4
Liabilities, other than long-term debt 02
Other liabilities 02
Other undisclosed noncurrent liabilities (337)28
Total noncurrent liabilities: 0345
Total liabilities: 426445
Stockholders' equity
Stockholders' equity attributable to parent (33)108
Common stock 00
Treasury stock, value (97)(97)
Additional paid in capital 269253
Accumulated deficit (207)(50)
Other undisclosed stockholders' equity 9797
Total stockholders' equity: 63204
Other undisclosed liabilities and equity (97)(97)
TOTAL LIABILITIES AND EQUITY: 393553

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

9/30/2014
TTM
12/31/2013
12/31/2012
Revenues 289339
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 income 45147
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 interest 00
Net loss available to common stockholders, diluted: (154)(13)

Comprehensive Income ($ in millions)

9/30/2014
TTM
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.

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