Mitcham Industries, Inc. (MIND) financial statements (2021 and earlier)

Company profile

Business Address 2002 TIMBERLOCH PLACE, SUITE 400
THE WOODLANDS, TX 77380-1187
State of Incorp. DE
Fiscal Year End January 31
SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3910345
Cash and cash equivalents 3910345
Restricted cash and investments 0001  
Receivables      27
Inventory, net of allowances, customer advances and progress billings 131111121311
Inventory 131111121311
Prepaid expense    231
Contract with customer, asset 00
Disposal group, including discontinued operation  2    
Deferred tax assets    2
Other undisclosed current assets 14131218217
Total current assets: 313633354154
Noncurrent Assets
Operating lease, right-of-use asset 2
Nontrade receivables  02   
Property, plant and equipment 1414234474100
Long-term investments and receivables 01535 
Accounts and financing receivable, after allowance for credit loss 01535 
Intangible assets, net (including goodwill) 111311131516
Goodwill 333446
Intangible assets, net (excluding goodwill) 810891011
Disposal group, including discontinued operation, noncurrent assets  0    
Other noncurrent assets 011000
Other undisclosed noncurrent assets  0  19
Total noncurrent assets: 2829416094125
TOTAL ASSETS: 58657495135180
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 657696
Accounts payable 321242
Accrued liabilities 345554
Taxes payable 000   
Deferred revenue 1
Debt 1  633
Disposal group, including discontinued operation  1    
Deferred revenue and credits1101
Contract with customer, liability1
Total current liabilities: 878131210
Noncurrent Liabilities
Long-term debt and lease obligation 1   1723
Long-term debt, excluding current maturities     1723
Operating lease, liability 1
Liabilities, other than long-term debt 11 0  
Deferred tax liabilities, net  0  
Deferred income tax liabilities 0
Other liabilities 11    
Other undisclosed noncurrent liabilities   0   
Total noncurrent liabilities: 21001723
Total liabilities: 1198143033
Stockholders' equity
Stockholders' equity attributable to parent 48576681105146
Preferred stock 2218127  
Common stock 000000
Treasury stock, value (17)(17)(17)(17)(17)(17)
Additional paid in capital 124123122121121120
Accumulated other comprehensive loss (4)(4)(9)(11)(12)(9)
Retained earnings (accumulated deficit) (77)(64)(42)(20)1352
Total stockholders' equity: 48576681105146
TOTAL LIABILITIES AND EQUITY: 58657495135180

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

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues 434348415283
Revenue, net8102457
Operating lease, lease income 11
Operating leases, income statement, lease revenue11
Cost of revenue
(Cost of Goods and Services Sold)
 (26)(31)(42)(48)(49)(60)
Gross profit: 17126(7)323
Operating expenses (27)(25)(26)(24)(29)(30)
Operating loss: (10)(13)(20)(31)(27)(7)
Nonoperating expense (0)(7)(0)(0)(1)(3)
Investment income, nonoperating  (5) 000
Other nonoperating income (expense) 0(0)(0)1(0)(3)
Interest and debt expense    (1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes      1
Loss from continuing operations before equity method investments, income taxes: (10)(20)(20)(32)(28)(10)
Other undisclosed income from continuing operations before income taxes    11 
Loss from continuing operations before income taxes: (10)(20)(20)(31)(28)(10)
Income tax expense (benefit) (1)(0)(1)(2)(11)1
Net loss attributable to parent: (11)(20)(21)(33)(39)(9)
Preferred stock dividends and other adjustments (2)(2)(1)(0)  
Net loss available to common stockholders, diluted: (13)(22)(22)(34)(39)(9)

Comprehensive Income ($ in millions)

10/31/2020
TTM
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net loss: (11)(20)(21)(33)(39)(9)
Comprehensive loss: (11)(20)(21)(33)(39)(9)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)311(4)(7)
Comprehensive loss, net of tax, attributable to parent: (14)(17)(20)(32)(42)(16)

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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