SAExploration Holdings, Inc. (SAEX) financial statements (2022 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 thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4417,5793,61311,46011,30012,322
Cash and cash equivalents5,4417,5793,61311,46011,30012,322
Restricted cash and investments7427141   
Receivables51,58226,4636,10569,72167,88273,584
Prepaid expense  6,3951,97788717,037
Contract with customer, asset14,9663,746
Deferred tax assets    520
Other undisclosed current assets5,3242,8432,1079,1805,6535,354
Total current assets:77,38740,90218,26192,33885,722108,817
Noncurrent Assets
Finance lease, right-of-use asset324
Operating lease, right-of-use asset6,421
Property, plant and equipment37,28935,33432,94642,75961,82877,096
Long-term investments and receivables  78,10237,984  
Accounts and financing receivable, after allowance for credit loss  78,10237,984  
Intangible assets, net (including goodwill)5,5175,7532,5032,4322,4473,027
Goodwill1,7661,6871,8321,7111,6581,977
Intangible assets, net (excluding goodwill)3,7514,0666717217891,050
Deferred costs    4,8916,826
Other noncurrent assets778267182164150 
Deferred tax assets, net 4,5925,1223,7568,027
Other undisclosed noncurrent assets14,49920,0915,35220,856  
Total noncurrent assets:64,82861,445123,677109,31773,07294,976
TOTAL ASSETS:142,215102,347141,938201,655158,794203,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,90223,93218,74937,65636,97965,418
Accounts payable30,96610,1034,5519,30116,57534,255
Accrued liabilities6,03410,4986,31112,75017,8183,413
Taxes payable5,9023,3317,88715,6052,58620,261
Interest and dividends payable     7,489
Deferred revenue8,724
Debt114,9777,837 5,9008,0142,114
Deferred revenue and credits1,4777,9753,903374
Deferred tax liabilities    587
Contract with customer, liability4,357
Other undisclosed current liabilities  995  8,465
Total current liabilities:166,60336,12621,22151,53148,89676,958
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,14583,20585,05080,238140,055300,185
Long-term debt, excluding current maturities7,14583,20585,05080,238140,000300,000
Capital lease obligations   55185
Operating lease, liability3,980
Other undisclosed long-term debt and lease obligation(3,980)     
Liabilities, other than long-term debt4,280380608 555,731
Deferred tax liabilities, net   555,731
Other liabilities4,280380608   
Other undisclosed noncurrent liabilities  35,24831,825 (150,000)
Total noncurrent liabilities:11,42583,585120,906112,063140,110155,916
Total liabilities:178,028119,711142,127163,594189,006232,874
Stockholders' equity
Stockholders' equity attributable to parent, including:(39,611)(21,589)(4,759)34,445(34,645)(32,439)
Common stock  1122
Treasury stock, value(2,232)(1,866)(113)   
Additional paid in capital240,068232,661133,741131,81635,76328,185
Accumulated other comprehensive loss(2,912)(3,035)(5,082)(4,822)(4,271) 
Accumulated deficit(274,535)(249,349)(133,306)(92,550)(66,139)(56,264)
Other undisclosed stockholders' equity attributable to parent     (4,362)
Stockholders' equity attributable to noncontrolling interest3,7984,2254,5703,6164,4333,358
Total stockholders' equity:(35,813)(17,364)(189)38,061(30,212)(29,081)
TOTAL LIABILITIES AND EQUITY:142,215102,347141,938201,655158,794203,793

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues255,23498,670127,022205,564228,137386,820
Revenue, net127,022205,564228,137386,820
Cost of revenue(210,679)(12,207)(104,954)(160,528)(177,374)(330,610)
Cost of goods and services sold(210,679)(12,207)(11,725)(16,410)(177,374)(330,610)
Other undisclosed gross profit (87,601)    
Gross profit:44,555(1,138)22,06845,03650,76356,210
Operating expenses(39,844)(42,593)(25,596)(33,795)(35,174)(42,225)
Other operating income (expense), net  (30,943)(27,194)(18,338)294
Other expenses  (30,943)(27,194)(18,338)(42,186)
Other undisclosed operating income  30,94327,19418,3382,388
Operating income (loss):4,711(43,731)(3,528)11,24115,58916,667
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(436)(3,417)(1,308)1,977(4,393)(3,451)
Interest and debt expense(6,976)53(29,363)(23,697)(13,725)(33,935)
Loss from continuing operations before equity method investments, income taxes:(2,701)(47,095)(34,199)(10,479)(2,529)(20,719)
Other undisclosed loss from continuing operations before income taxes(11,725)(12,585)(272)(5,474)(220)(4,800)
Loss from continuing operations before income taxes:(14,426)(59,680)(34,471)(15,953)(2,749)(25,519)
Income tax expense (benefit)(8,187)120(4,313)(6,056)(2,693)(12,876)
Net loss:(22,613)(59,560)(38,784)(22,009)(5,442)(38,395)
Net loss attributable to noncontrolling interest(2,573)(905)(1,972)(3,021)(4,433)(3,358)
Net loss available to common stockholders, basic:(25,186)(60,465)(40,756)(25,030)(9,875)(41,753)
Other undisclosed net loss available to common stockholders, diluted (53,000)    
Net loss available to common stockholders, diluted:(25,186)(113,465)(40,756)(25,030)(9,875)(41,753)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(22,613)(59,560)(38,784)(22,009)(5,442)(38,395)
Other comprehensive loss  (39,044)(22,560)(5,351)(40,674)
Other undisclosed comprehensive income1232,04738,784   
Comprehensive loss:(22,490)(57,513)(39,044)(44,569)(10,793)(79,069)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,573)(905)(1,972)(3,021)(4,433)(3,358)
Comprehensive loss, net of tax, attributable to parent:(25,063)(58,418)(41,016)(47,590)(15,226)(82,427)

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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