ION GEOPHYSICAL CORP IO Income Statement

Ion geophysical corp (IO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net revenues
174,679	180,045	197,554	172,808	-	-	-	-	-	-	-
Cost of Goods and Services Sold
114,657	120,425	121,915	136,776	-	-	-	-	-	-	-
Service revenues
-	-	-	-	160,480	384,938	391,317	354,583	265,586	279,120	182,117
Product revenues
-	-	-	-	61,033	124,620	157,850	171,734	189,035	165,202	237,664
Total net revenues
-	-	-	-	221,513	509,558	549,167	526,317	454,621	444,322	419,781
Cost of services
-	-	-	-	180,215	278,627	272,047	219,324	177,956	183,931	121,720
Cost of products
-	-	-	-	33,295	68,608	112,346	91,192	103,220	94,658	165,923
Multi-Client Data Library Impairment Charges
9,100	0	2,304	-	-	100,100	5,461	0	-	-	-
Gross profit
60,022	59,620	75,639	36,032	8,003	62,223	159,313	215,801	173,445	165,733	132,138
Operating expenses:
Research, development and engineering
19,025	18,182	16,431	17,833	26,445	41,009	37,742	34,080	24,569	25,227	44,855
Marketing and sales
23,207	21,793	20,778	17,371	30,493	39,682	38,583	35,240	31,269	30,405	34,945
General, administrative and other operating expenses
42,249	37,364	47,129	43,999	51,697	76,177	66,592	71,954	50,812	57,254	72,510
Goodwill and Intangible Asset Impairment
0	36,553	0	0	-	23,284	0	0	-	-	-
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	38,044
Operating Expenses
84,481	113,892	84,338	79,203	108,635	180,152	142,917	141,274	106,650	112,886	190,354
Income (loss) from operations
-24,459	-54,272	-8,699	-43,171	-100,632	-117,929	16,396	74,527	66,795	52,847	-58,216
Interest expense, net
-13,074	-12,972	-16,709	-18,485	-18,753	-19,382	-12,344	-5,265	-5,784	-30,770	-33,950
Equity in losses of investments
-	-	-	-	-	-49,485	-42,320	297	-	-	-
Equity in losses of investments
-	-	-	-	-	-	-	-	-22,862	-23,724	-
Fair value adjustment of warrant
-	-	-	-	-	-	-	-	-	-	-29,401
Impairment of cost method investments
-	-	-	-	-	-	-	-	-	-	4,454
Other income (expense)
-	-	-	-	98,275	79,860	-182,530	17,124	-3,447	-8,249	-4,023
Nonoperating Income (Expense)
-1,617	-436	-3,945	1,350	-	-	-	-	-	-	-
Income (loss) before income taxes
-39,150	-67,680	-29,353	-60,306	-21,110	-106,936	-220,798	86,683	34,702	-9,896	-130,044
Income Tax Expense (Benefit)
8,064	2,718	24	4,421	4,044	20,582	25,720	23,857	10,136	26,942	-19,985
Net loss
-47,214	-70,398	-29,377	-64,727	-25,154	-127,518	-246,518	62,826	24,566	-36,838	-110,059
Less: Net (income) loss attributable to noncontrolling interest
985	773	865	421	-32	734	-658	-489	-208	0	-
Net loss attributable to ION
-48,199	-71,171	-30,242	-65,148	-25,122	-128,252	-245,860	63,315	24,774	-36,838	-110,059
Preferred stock dividends
-	-	-	-	-	-	1,014	1,352	1,352	1,936	3,500
Conversion payment of preferred stock
-	-	-	-	-	-	5,000	0	0	-	-
Net loss applicable to common shares
-	-	-	-	-	-	-251,874	61,963	23,422	-38,774	-113,559
Earnings Per Share [Abstract]
Basic (usd per share)
-3.41	-5.20	-2.55	-5.71	-2.29	-11.72	-23.84	0.40	0.15	-0.27	-1.03
Diluted (usd per share)
-3.41	-5.20	-2.55	-5.71	-2.29	-11.72	-23.84	0.39	0.15	-0.27	-1.03
Weighted average number of common shares outstanding:
Basic (in shares)
14,131	13,692	11,876	11,400	10,957	10,939	10,567	155,801	154,811	144,278	110,516
Diluted (in shares)
14,131	13,692	11,876	11,400	10,957	10,939	10,567	162,765	156,090	144,278	110,516
Service
Net revenues
131,280	139,038	159,410	130,640	-	-	-	-	-	-	-
Cost of Goods and Services Sold
83,519	100,557	100,820	115,763	-	-	-	-	-	-	-
Product
Net revenues
43,399	41,007	38,144	42,168	-	-	-	-	-	-	-
Cost of Goods and Services Sold
22,066	19,868	18,791	21,013	-	-	-	-	-	-	-