Ion geophysical corp (IO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-47,214

-70,398

-29,377

-64,727

-25,154

-127,518

-246,518

62,826

24,566

-36,838

-110,059

Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depreciation and amortization (other than multi-client data library)

3,657

8,763

16,592

21,975

26,527

27,656

18,158

16,202

13,917

24,795

47,911

Amortization of multi-client data library

39,500

49,000

47,102

33,335

35,784

64,374

86,716

89,080

77,317

85,940

48,449

Stock-based compensation expense

4,701

3,337

2,552

3,267

-

-

-

-

-

-

-

Equity in losses of investments

-

-

-

-

-

-49,485

-42,320

297

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

3,528

Equity in losses of investments

-

-

-

-

-

-

-

-

-22,862

-23,724

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

6,732

Write-down of unamortized debt issuance costs and debt discount

-

-

-

-

-

-

-

-

-

18,777

-

Fair value adjustment of warrant

-

-

-

-

-

-

-

-

-

12,788

-29,401

Gain on sale of Source product line

-

-

-

-

-

6,522

0

0

-

-38,115

-

Gain on sale of cost method investments

-

-

-

-

-

5,463

3,591

0

-

-

-

Goodwill and Intangible Asset Impairment

0

36,553

0

0

-

23,284

0

0

-

-

-

Multi-Client Data Library Impairment Charges

9,100

0

2,304

0

399

100,100

5,461

0

-

-

-

Stock-based compensation expense

-

-

-

-

5,486

8,707

7,476

6,598

6,344

8,147

12,671

Gain on sale of cost method investment

-

-

-

-

-

-

-

-

0

-

-

Accrual of loss contingency related to legal proceedings

0

0

5,000

-1,168

-101,978

-69,557

183,327

10,000

0

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-2,182

0

0

-

-

-

-

-

Write-down of receivables from OceanGeo

-

-

-

-

-

-

-

-

0

-

-

Write-down of excess and obsolete inventory

517

700

400

429

151

6,952

21,197

1,326

567

-

-

Write-down of multi-client data library

-

-

-

-

-

-

-

-

0

-

-

Write-down of receivables from INOVA Geophysical

-

-

-

-

-

5,510

-

-

-

-

-

Write-down of marine equipment

-

-

-

-

-

-

-

5,928

0

0

-

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

38,044

Write-down of investments

-

-

-

-

-

-

-

-

1,312

7,650

4,454

Deferred income taxes

-1,940

-6,252

-5,420

-1,181

7,444

-437

4,844

3,686

-8,131

22,207

-38,150

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

3,294

0

-

Changes in operating assets and liabilities:
Accounts receivable

3,265

7,024

-1,692

-20,426

-69,491

-41,943

27,571

-4,006

52,955

-9,515

-41,936

Unbilled receivables

-32,055

5,245

23,947

-6,543

-1,630

-26,762

-40,211

64,156

-44,962

48,935

-14,817

Inventories

-1,067

353

-190

-2,312

-2,251

13,892

8,906

7,039

6,641

16,138

-18,582

Accounts payable, accrued expenses and accrued royalties

-2,492

-7,600

1,443

-5,085

-30,264

-4,771

8,482

61,873

-7,546

9,550

-72,140

Deferred revenue

-3,207

-1,112

5,131

-2,759

-1,571

-8,382

-6,253

-6,957

15,957

7,281

-4,188

Other assets and liabilities

-1,658

-6,776

-3,952

14,556

6,720

-11,549

-13,077

13,995

-747

7,634

-9,998

Net Cash Provided by (Used in) Operating Activities

34,150

7,098

27,612

993

-16,524

129,780

147,587

169,081

129,984

133,368

51,986

Cash flows from investing activities:
Investment in multi-client data library

28,804

28,276

23,710

14,884

45,558

67,785

114,582

145,627

143,782

64,426

89,635

Purchase of property, plant and equipment

2,411

1,514

1,063

1,458

19,241

8,264

16,914

16,650

11,060

7,372

2,966

Repayment of (net advances to) by INOVA Geophysical

-

-

-

-

-

1,000

-5,000

0

0

-

-

Net investment in and advances to OceanGeo B.V. prior to its consolidation

-

-

-

-

-

3,074

24,755

0

0

-

-

Proceeds from sale of fixed assets and rental assets

-

-

-

-

-

14,394

0

0

-

99,790

-

Proceeds from sale of cost method investments

-

-

-

2,698

0

14,051

4,150

0

-

-

-

Proceeds from sale of a cost method investment

-

-

-

-

-

-

-

-

0

-

-

Investment in seismic rental equipment

-

-

-

-

-

-

-

-

-

0

-

Maturity of short-term investments

-

-

-

-

-

-

-

20,000

-20,000

0

-

Investment in a convertible notes

-

-

-

-

-

-

2,000

2,000

6,500

0

-

Other investing activities

-

-

-

-

-1,263

-928

-128

0

280

500

-963

Net cash used in investing activities

-31,215

-29,790

-24,773

-13,644

-63,536

-48,750

-158,973

-144,277

-181,622

27,492

-91,638

Cash flows from financing activities:
Borrowings under revolving line of credit

40,000

0

0

15,000

0

15,000

35,000

148,250

0

104,000

77,000

Repayments under revolving line of credit

40,000

10,000

0

-

-

-

-

-

-

-

-

Repayments of Long-term Lines of Credit

-

-

-

5,000

0

50,000

97,250

51,000

0

193,429

25,000

Payments on notes payable and long-term debt

2,553

30,807

4,816

23,634

7,452

12,998

4,361

101,702

6,145

145,558

81,517

Payments of Debt Issuance Costs

0

1,247

53

6,744

145

2,194

6,773

0

0

-

-

Payments to repurchase bonds

-

-

-

-

0

0

-

-

-

-

-

Cost associated with debt amendment

-

-

-

-

-

-

-

-

-

-

4,630

Net proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

105,695

19,218

Net proceeds from issuance of stocks

0

46,999

0

0

-

-

-

-

-

38,039

38,220

Acquisition of non-controlling interest

-

-

-

-

-

6,000

0

0

-

-

-

Proceeds from issuance of notes

-

-

-

-

-

-

175,000

0

0

-

-

Repurchase of common stock

-

-

-

964

1,989

0

0

-

-

-

-

Payment of preferred dividends

-

-

-

-

-

-

1,014

1,352

-

-

-

Conversion payment of preferred stock

-

-

-

-

-

-

5,000

0

0

-

-

Proceeds from employee stock purchases and exercise of stock options

141

214

1,619

0

0

-

2,527

807

13,105

1,071

283

Dividend payment to noncontrolling interest

-

-

-

0

0

-

-

-

-

-

-

Payment of preferred dividends

-

-

-

-

-

-

-

-

1,352

1,936

3,500

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

3,294

0

-

Contribution from noncontrolling interests

-

-

-

-

-

-

-

-

961

0

-

Other financing activities

-1,134

-1,351

-343

-252

73

218

573

-1,457

-59

-612

-

Restricted stock cancelled for employee minimum income taxes

-

-

-

-

-

-

-

-

-

-

345

Net cash provided by (used in) financing activities

-3,546

3,808

-3,593

-21,594

-9,513

-55,974

98,702

-6,454

9,804

-92,730

19,729

Effect of Exchange Rate on Cash and Cash Equivalents

-

-

-

1,386

898

496

-231

219

-183

72

968

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

-125

319

-260

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

-736

-18,565

-1,014

-32,859

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-88,675

25,552

87,085

18,569

-42,017

68,202

-18,955