Global Geophysical Services Inc (GGS) financial statements (2022 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 thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,90023,359
Cash and cash equivalents18,90023,359
Receivables81,86069,837
Inventory, net of allowances, customer advances and progress billings10711,864
Inventory10711,864
Prepaid expense3,227
Prepaid expense and other current assets12,673
Income taxes receivable 1,472
Deferred tax assets 12,673
Other undisclosed current assets(13,569)(20,107)
Total current assets:90,525111,771
Noncurrent Assets
Property, plant and equipment79,693100,172
Long-term investments and receivables 441
Long-term investments 441
Intangible assets, net (including goodwill)21,25825,464
Goodwill10,96712,381
Intangible assets, net (excluding goodwill)10,29113,083
Regulated entity, other noncurrent assets 5,689
Deferred costs8,801 
Other noncurrent assets200
Prepaid expense and other noncurrent assets6,401
Deferred tax assets, net (14,400)
Other undisclosed noncurrent assets192,430317,337
Total noncurrent assets:302,382441,104
TOTAL ASSETS:392,907552,875
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:48,68242,597
Taxes payable7,1443,563
Other undisclosed accounts payable and accrued liabilities41,53839,034
Debt342,30628,609
Deferred revenue and credits26,36122,498
Other liabilities1,4893,059
Other undisclosed current liabilities7,1443,563
Total current liabilities:425,982100,326
Noncurrent Liabilities
Long-term debt and lease obligation336,542315,426
Long-term debt, excluding current maturities336,542311,250
Capital lease obligations 4,176
Liabilities, other than long-term debt2541,505
Other liabilities2541,505
Other undisclosed noncurrent liabilities(336,542)28,070
Total noncurrent liabilities:254345,001
Total liabilities:426,236445,327
Stockholders' equity
Stockholders' equity attributable to parent(33,329)107,548
Common stock485476
Treasury stock, value(96,531)(96,528)
Additional paid in capital269,421253,415
Accumulated deficit(206,704)(49,815)
Other undisclosed stockholders' equity96,53196,528
Total stockholders' equity:63,202204,076
Other undisclosed liabilities and equity(96,531)(96,528)
TOTAL LIABILITIES AND EQUITY:392,907552,875

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

12/31/2013
12/31/2012
Revenues288,659338,984
Cost of revenue
(Cost of Goods and Services Sold)
(229,066) 
Other undisclosed gross profit (239,783)
Gross profit:59,59399,201
Operating expenses(261,655)(239,783)
Other operating income, net
(Other Expenses)
36,98135,826
Other undisclosed operating income44,878147,207
Operating income (loss):(120,203)42,451
Nonoperating expense(1,136)(4,160)
Foreign currency transaction loss, before tax(439)(1,688)
Other nonoperating expense(697)(2,472)
Interest and debt expense(35,845)(31,666)
Income (loss) from continuing operations before income taxes:(157,184)6,625
Income tax expense (benefit)3,358(20,428)
Net loss:(153,826)(13,803)
Net income attributable to noncontrolling interest312472
Net loss available to common stockholders, diluted:(153,514)(13,331)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(153,826)(13,803)
Comprehensive loss:(153,826)(13,803)
Comprehensive loss, net of tax, attributable to noncontrolling interest(312)(472)
Comprehensive loss, net of tax, attributable to parent:(154,138)(14,275)

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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