SAExploration Holdings, Inc. (SAEX) financial statements (2021 and earlier)

Company profile

Business Address 1160 DAIRY ASHFORD RD.
HOUSTON, TX 77079
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1384111112
Cash and cash equivalents1384111112
Restricted cash and investments000   
Receivables27266706874
Prepaid expense  62117
Contract with customer, asset54
Deferred tax assets    1
Other undisclosed current assets432965
Total current assets:5041189286109
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset7
Property, plant and equipment283533436277
Long-term investments and receivables  7838  
Accounts and financing receivable, after allowance for credit loss  7838  
Intangible assets, net (including goodwill)663223
Goodwill222222
Intangible assets, net (excluding goodwill)441111
Deferred costs    57
Deferred income tax assets0
Other noncurrent assets00000 
Deferred tax assets, net 5548
Other undisclosed noncurrent assets1520521  
Total noncurrent assets:57611241097395
TOTAL ASSETS:107102142202159204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities212419383765
Accounts payable1110591734
Accrued liabilities810613183
Taxes payable33816320
Interest and dividends payable     7
Deferred revenue5
Debt18 682
Deferred revenue and credits1840
Deferred tax liabilities    1
Contract with customer, liability4
Other undisclosed current liabilities3 1  8
Total current liabilities:303621524977
Noncurrent Liabilities
Long-term debt and lease obligation103838580140300
Long-term debt, excluding current maturities 838580140300
Capital lease obligations   00
Operating lease, liability4
Other undisclosed long-term debt and lease obligation99     
Liabilities, other than long-term debt401 06
Deferred tax liabilities, net   06
Other liabilities401   
Other undisclosed noncurrent liabilities  3532 (150)
Total noncurrent liabilities:10884121112140156
Total liabilities:138120142164189233
Stockholders' equity
Stockholders' equity attributable to parent, including:(36)(22)(5)34(35)(32)
Common stock  0000
Treasury stock, value(2)(2)(0)   
Additional paid in capital2362331341323628
Accumulated other comprehensive loss(2)(3)(5)(5)(4) 
Accumulated deficit(266)(249)(133)(93)(66)(56)
Other undisclosed stockholders' equity attributable to parent     (4)
Stockholders' equity attributable to noncontrolling interest545443
Total stockholders' equity:(31)(17)(0)38(30)(29)
TOTAL LIABILITIES AND EQUITY:107102142202159204

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues29999127206228387
Revenue, net127206228387
Cost of revenue(99)(12)(105)(161)(177)(331)
Cost of goods and services sold(99)(12)(12)(16)(177)(331)
Other undisclosed gross profit(145)(88)    
Gross profit:55(1)22455156
Operating expenses(43)(43)(26)(34)(35)(42)
Other operating income (expense), net  (31)(27)(18)0
Other expenses  (31)(27)(18)(42)
Other undisclosed operating income  3127182
Operating income (loss):12(44)(4)111617
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(1)(3)(1)2(4)(3)
Interest and debt expense(0)0(29)(24)(14)(34)
Income (loss) from continuing operations before equity method investments, income taxes:11(47)(34)(10)(3)(21)
Other undisclosed loss from continuing operations before income taxes(11)(13)(0)(5)(0)(5)
Loss from continuing operations before income taxes:(0)(60)(34)(16)(3)(26)
Income tax expense (benefit)(9)0(4)(6)(3)(13)
Net loss:(9)(60)(39)(22)(5)(38)
Net loss attributable to noncontrolling interest(4)(1)(2)(3)(4)(3)
Net loss attributable to parent:(13)(60)(41)(25)(10)(42)
Undistributed earnings (loss) allocated to participating securities, basic(2)  
Other undisclosed net income available to common stockholders, basic2     
Net loss available to common stockholders, basic:(13)(60)(41)(25)(10)(42)
Other undisclosed net loss available to common stockholders, diluted (53)    
Net loss available to common stockholders, diluted:(13)(113)(41)(25)(10)(42)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(9)(60)(39)(22)(5)(38)
Other comprehensive loss  (39)(23)(5)(41)
Other undisclosed comprehensive income1239   
Comprehensive loss:(9)(58)(39)(45)(11)(79)
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(1)(2)(3)(4)(3)
Comprehensive loss, net of tax, attributable to parent:(13)(58)(41)(48)(15)(82)

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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