Ion geophysical corp (IO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

42,663

33,065

27,894

29,563

38,407

33,551

30,043

44,349

50,750

52,056

40,225

43,272

49,640

52,652

62,536

52,433

76,670

84,933

88,239

117,060

144,438

173,608

129,847

157,779

197,306

148,056

88,585

109,501

66,575

60,971

47,479

83,282

87,096

42,402

43,290

55,953

84,419

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

20,000

28,000

-

0

Accounts receivable, net

51,149

29,548

23,832

17,603

29,104

26,128

23,624

15,375

29,750

19,478

39,374

18,992

16,173

20,770

34,686

20,094

15,057

44,365

21,587

26,477

39,369

114,325

86,738

85,800

98,231

149,448

62,901

92,712

91,034

127,136

93,484

68,693

70,003

130,612

87,923

-

77,576

Unbilled receivables

8,356

11,815

30,990

22,524

14,442

-

25,724

15,046

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,000

-

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65,921

-

Unbilled receivables

-

-

-

-

-

44,032

-

-

16,349

37,304

25,833

18,883

17,423

13,415

23,680

22,011

17,730

19,937

32,387

13,381

24,098

22,599

57,477

63,769

68,452

49,468

82,894

98,944

77,846

89,784

66,526

57,928

48,644

25,628

45,378

45,306

70,590

Inventory, Net

12,820

12,187

12,934

13,393

14,094

14,130

15,129

14,925

14,728

14,508

14,264

14,623

15,220

15,241

33,308

34,377

33,071

32,721

34,683

35,947

42,976

51,162

55,376

55,322

54,709

57,173

61,404

79,495

68,083

70,675

72,145

69,502

69,333

70,145

94,240

86,160

66,882

Prepaid expenses and other current assets

5,681

6,012

6,626

7,754

7,486

7,782

5,854

5,961

5,754

7,643

4,259

5,866

7,262

9,559

9,910

17,461

13,724

14,807

10,124

13,333

13,007

13,662

26,453

34,526

25,605

24,772

25,698

20,294

23,527

25,605

21,523

19,655

12,218

13,460

13,021

15,373

13,165

Total current assets

120,669

92,627

102,276

90,837

103,533

125,623

100,374

95,656

117,331

130,989

123,955

101,636

105,718

111,637

164,120

146,376

156,252

196,763

187,020

206,198

263,888

375,356

355,891

397,196

444,303

428,917

321,482

400,946

327,065

374,171

301,157

299,060

287,294

302,247

311,852

307,713

312,632

Deferred income tax asset

-

-

-

-

-

-

-

-

1,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax asset, net

7,905

8,734

8,435

7,659

8,594

7,191

4,058

3,614

-

1,753

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,604

-

-

-

14,650

-

-

-

28,414

-

-

-

-

-

-

-

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,706

8,430

8,605

-

14,340

14,339

14,339

-

0

81,961

34,503

-

16,534

19,722

18,652

17,645

13,180

14,098

16,413

Property, plant and equipment, net

12,706

13,188

12,903

13,114

13,257

13,041

49,968

48,442

50,007

52,153

55,188

58,899

63,173

67,488

53,524

58,412

65,785

72,027

77,081

83,489

79,739

69,840

60,365

59,623

59,811

46,684

49,360

40,001

34,153

33,772

39,246

34,823

25,384

24,771

22,478

25,913

20,145

Multi-client data library, net

54,344

60,384

69,723

66,461

66,932

73,544

83,254

82,576

84,433

89,300

96,751

96,844

101,493

105,935

112,705

118,547

123,581

132,237

135,907

127,758

128,598

118,669

243,917

246,054

243,083

238,784

242,870

227,139

224,993

230,315

212,457

187,431

176,625

175,768

146,781

120,086

112,620

Equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,174

44,995

47,466

53,865

69,624

77,654

76,518

73,925

77,119

79,587

75,442

72,626

86,894

91,722

95,173

Goodwill

18,298

23,585

22,276

22,907

23,592

22,915

23,590

23,543

25,188

24,089

24,048

23,354

22,542

22,208

23,412

24,025

25,595

26,274

26,809

27,679

26,289

27,388

50,385

51,626

56,111

55,876

55,322

53,991

53,753

55,349

55,422

54,399

54,956

53,963

51,576

52,194

51,333

Right-of-use assets

42,166

32,546

37,155

39,926

44,979

47,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

-

-

-

-

-

-

-

1,082

1,374

-

2,026

2,386

2,745

3,103

3,526

3,947

4,381

4,810

5,306

5,811

6,276

6,788

9,191

9,932

10,566

11,247

11,986

12,992

13,817

14,841

15,791

16,795

17,790

17,716

16,674

17,654

20,317

Other assets

3,299

2,130

2,222

1,517

1,819

2,435

2,713

731

843

2,785

1,485

1,733

2,457

2,845

2,395

2,514

3,029

2,977

9,380

9,845

10,064

10,612

19,482

15,604

15,640

14,648

15,199

15,731

17,602

9,796

10,121

10,237

10,032

9,322

10,754

10,054

3,224

Total assets

259,387

233,194

254,990

242,421

262,706

292,552

263,957

255,644

281,053

301,069

303,453

284,852

298,128

313,216

359,682

353,821

378,623

435,088

447,209

469,210

523,459

617,257

793,745

839,369

891,319

864,671

765,843

910,415

782,404

820,583

727,847

702,054

666,175

674,058

660,189

639,434

631,857

LIABILITIES AND DEFICIT
Current liabilities:
Long-term Debt and Lease Obligation, Current

28,646

2,107

1,110

1,376

1,787

2,228

1,335

459

1,014

40,024

38,819

39,983

12,966

14,581

19,226

20,371

32,933

7,912

6,612

7,213

7,242

7,649

5,901

10,664

60,551

5,906

5,193

4,388

3,402

3,496

2,878

2,817

6,216

5,770

4,859

-

6,073

Notes payable and current maturities of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,119

-

Accounts payable

43,827

49,316

43,565

36,399

30,384

34,913

31,872

26,173

22,817

24,951

24,674

24,478

26,662

26,889

32,034

26,969

20,907

29,799

27,950

25,338

29,150

36,863

30,666

36,181

38,654

22,654

31,808

29,996

33,499

28,688

25,537

25,842

21,787

22,296

29,848

30,700

30,940

Accrued expenses

29,078

30,328

42,807

32,243

32,277

31,411

33,556

28,936

26,195

38,697

40,874

30,266

29,878

26,240

32,753

27,284

29,001

34,287

54,302

43,059

50,849

65,264

75,608

81,460

72,471

84,358

60,360

87,600

92,252

124,095

76,678

67,723

48,816

61,384

-

-

67,250

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,382

42,811

-

Accrued multi-client data library royalties

21,424

18,831

17,514

16,469

26,310

29,256

28,235

27,988

28,324

27,035

24,576

22,651

23,613

23,663

22,344

23,473

21,790

25,045

12,443

18,524

15,604

35,219

24,416

23,981

38,263

46,460

24,661

24,284

22,223

26,300

20,854

15,602

12,205

15,318

15,523

13,024

18,667

Deferred revenue

4,882

4,551

5,310

4,386

7,410

7,710

10,327

8,402

-

8,910

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of operating lease liabilities

9,873

11,055

11,648

11,820

11,964

12,214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

11,330

-

10,875

9,276

10,834

3,709

4,395

7,666

6,021

6,560

5,575

10,672

11,327

8,262

16,495

15,766

16,030

20,682

20,361

18,566

19,631

26,899

21,537

27,626

29,105

33,802

36,917

-

17,851

Deferred revenue and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,558

-

Total current liabilities

137,730

116,188

121,954

102,693

110,132

117,732

105,325

91,958

89,680

139,617

139,818

126,654

103,953

95,082

110,752

105,763

110,652

103,603

106,882

104,806

114,172

153,257

153,086

168,052

225,969

180,060

142,383

164,834

171,007

209,478

147,484

139,610

118,129

138,570

143,529

128,212

140,781

Long-term Debt and Lease Obligation

119,296

119,352

119,402

119,445

119,482

119,513

119,449

117,159

116,916

116,720

116,506

116,206

144,373

144,209

144,299

145,130

148,410

175,080

179,666

180,955

182,421

182,945

179,583

179,992

180,462

214,246

180,530

179,319

101,057

101,832

101,433

102,166

98,614

99,342

98,921

-

102,587

Operating lease liabilities, net of current maturities

40,531

30,833

35,214

38,063

42,721

45,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of current maturities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100,153

-

Other long-term liabilities

433

1,453

1,526

1,601

1,810

1,891

12,269

12,606

12,938

13,926

17,066

18,577

18,026

20,527

44,157

44,051

44,215

44,365

39,830

42,278

144,979

143,804

142,776

143,082

142,987

210,602

207,044

132,339

8,813

8,131

7,423

7,574

7,659

7,719

7,429

7,499

8,042

Total liabilities

297,990

267,826

278,096

261,802

274,145

284,728

237,043

221,723

219,534

270,263

273,390

261,437

266,352

259,818

299,208

294,944

303,277

323,048

326,378

328,039

441,572

480,006

475,445

491,126

549,418

604,908

529,957

476,492

280,877

319,441

256,340

249,350

224,402

245,631

249,879

235,864

251,410

Redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,200

1,080

1,325

1,539

2,086

6,846

5,552

1,878

1,881

2,229

2,151

2,123

2,155

2,204

2,504

2,615

-

-

0

Commitments and contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Deficit:
Cumulative convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

27,000

27,000

27,000

27,000

27,000

27,000

27,000

27,000

27,000

27,000

Common stock, $0.01 par value; authorized 26,666,667 shares; outstanding 14,240,126 and 14,224,787 shares at March 31, 2020 and December 31, 2019, respectively.

142

142

142

142

141

140

140

140

139

120

119

119

119

118

118

118

106

107

1,648

1,647

1,647

110

1,642

1,641

1,640

1,637

1,633

1,570

1,567

1,564

1,560

1,558

1,556

1,555

1,552

1,551

1,529

Additional paid-in capital

957,254

956,647

955,705

954,904

953,679

952,626

951,811

951,349

950,464

903,247

901,138

900,574

900,056

899,198

898,238

897,476

895,481

894,715

892,007

890,811

889,255

889,284

886,170

884,796

882,892

879,969

877,891

853,575

850,832

848,669

847,130

845,477

844,995

843,271

839,161

837,726

822,399

Accumulated deficit

-976,554

-974,291

-959,797

-956,074

-947,452

-926,092

-906,749

-899,213

-873,347

-854,921

-853,527

-858,462

-848,021

-824,679

-818,188

-819,887

-794,545

-759,531

-753,987

-733,604

-789,673

-734,409

-553,531

-528,990

-530,178

-606,157

-625,976

-429,218

-358,422

-360,297

-387,463

-402,660

-415,037

-423,612

-435,963

-445,015

-448,386

Accumulated other comprehensive loss

-21,099

-19,318

-21,440

-20,412

-19,472

-20,442

-19,591

-19,634

-17,054

-18,879

-18,999

-20,032

-21,231

-21,748

-20,063

-18,980

-16,243

-14,781

-13,564

-12,199

-14,152

-12,807

-11,720

-9,854

-11,799

-11,138

-13,300

-15,124

-15,542

-11,886

-12,869

-14,776

-13,109

-16,193

-15,064

-11,376

-15,530

Treasury stock, at cost, zero and 353,124 shares at December 31, 2016 and 2015 respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,515

8,551

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

6,565

Total stockholders’ deficit

-40,257

-36,820

-25,390

-21,440

-13,104

6,232

25,611

32,642

60,202

29,567

28,731

22,199

30,923

52,889

60,105

58,727

75,284

111,959

119,539

140,090

80,512

135,613

315,996

341,028

335,990

257,746

233,683

431,238

498,870

498,485

468,793

450,034

438,840

425,456

410,121

403,321

380,447

Noncontrolling interest

1,654

2,188

2,284

2,059

1,665

1,592

1,303

1,279

1,317

1,239

1,332

1,216

853

509

369

150

62

81

92

1

50

99

218

369

359

139

322

456

506

534

559

466

429

356

189

249

0

Total deficit

-38,603

-34,632

-23,106

-19,381

-11,439

7,824

26,914

33,921

61,519

30,806

30,063

23,415

31,776

53,398

60,474

58,877

75,346

112,040

119,631

140,091

80,562

135,712

316,214

341,397

336,349

257,885

234,005

431,694

499,376

499,019

469,352

450,500

439,269

425,812

410,310

403,570

380,447

Total liabilities and deficit

259,387

233,194

254,990

242,421

262,706

292,552

263,957

255,644

281,053

301,069

303,453

284,852

298,128

313,216

359,682

353,821

378,623

435,088

447,209

469,210

523,459

617,257

793,745

839,369

891,319

864,671

765,843

910,415

782,404

820,583

727,847

702,054

666,175

674,058

660,189

639,434

631,857