Ion geophysical corp (IO)
CashFlow / Quarterly
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'11Mar'11
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-2,340

-14,350

-3,329

-8,287

-21,248

-19,097

-7,462

-25,500

-18,339

-1,341

5,013

-10,023

-23,026

-6,342

1,914

-25,263

-35,036

-5,254

-20,156

55,772

-55,516

-181,528

-24,922

2,483

76,449

19,676

-197,256

-70,737

1,799

27,113

15,155

12,096

8,462

12,246

9,018

2,852

450

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

840

754

805

1,063

1,035

1,861

2,124

2,255

2,523

3,393

4,169

4,353

4,677

4,951

5,608

5,744

5,672

6,867

6,645

6,490

6,525

6,667

7,204

5,881

7,904

5,012

4,844

4,102

4,200

4,670

4,707

3,735

3,090

3,268

3,173

3,523

3,953

Amortization of multi-client data library

8,020

9,713

10,391

8,296

11,100

16,500

12,943

9,764

9,793

12,857

12,312

12,675

9,258

10,174

8,917

7,105

7,139

11,253

14,091

5,151

5,289

18,360

11,757

17,931

16,326

35,824

14,213

18,087

18,592

22,169

27,993

16,298

22,620

22,151

18,418

13,305

23,443

Stock-based compensation expense

600

965

936

1,507

1,293

829

465

1,243

800

858

525

535

634

755

902

867

743

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in losses of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,558

-1,781

-1,688

-

-5,192

-6,338

1,116

-

-1,684

3,777

2,468

-13,018

-4,811

-4,173

-860

Multi-Client Data Library Impairment Charges

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

4,200

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,312

1,127

1,567

1,480

1,649

2,025

2,256

2,777

1,769

1,876

1,820

2,011

2,125

1,481

1,508

1,484

2,167

1,043

1,161

1,973

Accrual of loss contingency related to legal proceedings

-

-

-

-

-

-

-

-

-

0

0

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-69,557

1,551

71,776

110,000

0

-

-

-

-

-

-

-

-

Accrual for loss contingency related to legal proceedings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

421

-692

-781

931

-1,398

-3,942

-444

-1,749

-117

-4,520

32

977

-1,909

-2,212

650

327

54

1,452

6,016

-12

-12

1,099

4,076

-4,728

-884

-2,924

56,395

-42,477

-6,150

2,891

3,020

-1,162

-1,063

-877

938

-5,338

-2,854

Changes in operating assets and liabilities:
Accounts receivable

21,868

5,380

6,619

-11,604

2,870

2,641

8,279

-13,980

10,084

-19,892

20,275

2,681

-4,756

-11,101

14,655

5,231

-29,211

22,933

-4,628

-13,408

-74,388

29,597

1,714

-12,608

-60,646

85,052

-23,222

1,048

-35,307

33,520

24,175

-683

-61,018

42,113

22,264

3,086

-14,508

Unbilled receivables

-2,666

-

-

-

-29,498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-

-

-

18,401

10,857

-3,094

-20,919

11,549

6,856

194

5,348

-10,254

1,669

4,254

-2,212

-11,467

19,035

-10,721

1,523

-34,798

-6,200

-4,709

18,945

-33,321

-16,050

21,098

-11,938

23,258

8,598

9,284

23,016

-19,750

72

4,309

-29,593

Inventories

772

-338

6

-654

-81

-293

201

281

164

641

-391

-714

274

62

-1,045

-979

-350

-1,787

-1,203

271

468

9,620

1,075

3,053

144

-4,251

4,164

10,374

-1,381

-1,501

3,093

6,412

-965

-23,898

8,488

8,647

13,404

Accounts payable, accrued expenses and accrued royalties

1,688

-4,020

7,582

-4,041

-2,013

1,967

1,062

-474

-10,155

432

7,070

-3,571

-2,488

-8,466

8,899

5,040

-10,558

13,412

-3,027

-1,505

-39,144

26,553

-517

-25,448

-5,359

14,661

5,212

1,982

-13,373

49,061

3,771

22,066

-13,025

-6,438

14,739

6,015

-21,862

Deferred revenue

355

-809

939

-3,004

-333

-2,591

1,924

-2,826

2,381

-1,961

1,571

-1,672

7,193

-656

-3,254

1,678

-527

1,005

-4,981

-732

3,137

-4,229

835

-310

-4,678

274

1,715

-1,089

-7,153

5,359

-6,140

-1,440

-4,736

-3,089

2,416

1,093

15,537

Other assets and liabilities

1,910

586

-3,955

1,964

-253

-2,482

-1,561

306

-3,039

2,204

-2,251

-537

-3,368

20,997

-7,214

3,992

-3,219

1,446

12

4,400

862

-7,811

-811

-6,468

3,541

-8,803

-248

-1,871

-2,155

11,693

390

421

1,491

-1,274

-1,600

1,756

371

Net Cash Provided by (Used in) Operating Activities

-6,966

14,846

5,039

-1,133

15,398

14,422

-7,120

-812

608

17,918

6,203

1,650

1,841

-2,239

15,571

-14,818

2,479

19,472

-13,501

-15,789

-6,706

42,804

10,238

14,056

62,682

-

-

-

-

57,749

25,602

33,890

51,840

43,840

25,332

8,986

51,826

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,138

-6,214

49,591

-

-

-

-

-

-

-

-

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

9,668

7,579

6,443

6,015

8,767

8,365

6,129

4,542

9,240

7,134

8,094

5,119

3,363

3,283

2,953

2,321

6,327

17,406

14,554

4,510

9,088

10,445

23,023

11,964

22,353

28,236

37,747

19,821

28,778

40,027

53,019

28,054

24,527

52,188

45,492

34,195

11,907

Purchase of property, plant and equipment

496

1,139

-140

605

807

1,201

-111

363

61

42

106

866

49

891

227

74

266

1,640

388

5,219

11,994

1,422

2,299

2,546

1,997

3,375

4,576

5,189

3,774

3,084

8,676

3,122

1,768

2,036

1,784

3,566

3,674

Repayment of (net advances to) by INOVA Geophysical

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,000

3,000

-8,000

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,074

15,255

0

0

9,500

0

0

0

0

-

-

-

-

Cash of OceanGeo B.V. upon acquiring a controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of a cost-method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20,000

-

-

-

-

Investment in a convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

1,000

0

1,000

1,000

0

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1,005

0

-257

0

-323

0

-605

-52

0

0

-76

0

0

0

0

-

-

-

-

Sales (purchases) of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,000

Net cash used in investing activities

-10,164

-8,718

-6,303

-6,620

-9,574

-9,566

-6,018

-4,905

-9,301

-7,176

-8,200

-5,985

-3,412

-1,476

-3,180

-2,395

-6,593

-19,045

-13,937

-9,729

-20,825

2,184

-24,999

-116

-25,819

-

-

-

-

-43,111

-61,311

-33,560

-6,295

-46,554

-36,276

-3,211

-95,581

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50,323

-21,860

-42,976

-

-

-

-

-

-

-

-

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

27,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,000

35,000

0

0

0

-

-

-

-

-

-

-

-

Repayments under revolving line of credit

-

-

-

-

-

0

0

0

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on notes payable and long-term debt

760

593

554

691

715

736

372

555

29,144

496

1,163

1,451

1,706

16,908

1,940

2,574

2,212

2,021

1,871

1,494

2,066

1,261

6,142

2,840

2,755

1,065

1,481

967

848

98,926

695

650

1,431

1,265

1,492

1,640

1,748

Payments of Debt Issuance Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

106

464

4,859

1,315

-1

146

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of stocks

-

-

-

-

-

0

-220

0

47,219

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

964

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

338

-

338

338

338

338

338

338

338

Proceeds from employee stock purchases and exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

395

1,256

716

-

246

68

249

-

116

1,138

11,793

Contribution from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

Other financing activities

-10

-479

-104

-312

-239

138

-608

-306

-575

-86

39

-10

-286

-265

0

0

13

-21

72

-9

31

-205

762

-505

166

-217

488

-48

350

-1,795

439

-554

453

-724

398

304

-37

Net cash provided by (used in) financing activities

26,230

-931

-658

-1,003

-954

-1,431

-1,200

-1,061

7,500

984

-1,124

-1,461

-1,992

-7,279

-2,404

-7,433

-4,478

-4,030

-1,945

-1,503

-2,035

-1,534

-13,506

-53,345

12,411

-

-

-

-

-1,252

-348

-3,787

-1,067

1,986

-1,316

-736

9,870

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,936

70,922

-120

-

-

-

-

-

-

-

-

Effect of Exchange Rate on Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

532

116

409

329

297

562

-357

396

307

335

-122

-24

377

205

78

-891

106

254

-357

216

-160

-403

80

300

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

470

-276

253

-183

81

23

32

377

-113

11

-102

-578

409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

9,570

4,921

-1,669

-8,939

4,951

3,448

-14,306

-6,401

-1,306

11,737

-3,223

-6,374

-3,154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,103

-24,237

-8,263

-3,306

-28,821

-27,378

-29,170

43,761

-27,932

-39,527

49,250

59,471

-20,916

42,926

5,604

13,492

-35,803

-3,814

44,694

-888

-12,663

5,119

-33,585