Mitcham industries inc (MIND)
Income statement / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Oct'10Jul'10
Revenues:
Sale of marine technology products

29,538

27,613

28,828

27,982

25,571

23,711

20,389

24,098

27,420

29,294

28,590

24,758

25,058

25,037

29,756

26,745

25,163

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing

-

-

11,797

12,053

-

-

8,459

7,806

-

8,107

8,613

9,270

10,161

11,563

13,257

16,139

23,710

29,592

39,606

43,316

48,298

50,993

44,608

42,824

46,756

46,075

49,237

53,677

54,592

66,631

72,980

74,370

70,137

54,532

43,614

0

0

0

Sale of lease pool and other equipment

1,931

3,197

5,109

5,151

5,944

7,712

6,122

5,552

13,030

13,060

12,671

13,673

5,780

3,293

4,504

3,524

2,946

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease pool equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

13,937

8,895

9,980

11,412

-5,943

-1,628

-4,506

-6,503

4,079

1,796

0

0

0

Seamap equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

25,290

24,248

24,552

31,169

29,626

31,329

30,601

28,406

25,330

26,332

0

0

0

Other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

15,306

12,780

9,136

7,512

0

0

0

-

-

-

-

-

-

Other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Revenues

42,675

41,746

45,734

45,186

42,942

40,977

34,970

37,456

48,276

50,461

49,874

47,701

40,999

39,893

47,517

46,408

51,819

55,340

62,565

74,556

83,146

91,830

89,199

90,549

92,108

96,862

95,160

97,345

104,685

113,318

122,765

120,963

112,834

95,773

82,908

0

0

0

Cost of sales:
Sale of marine technology products

16,481

16,727

16,903

16,232

14,863

13,917

12,145

14,797

16,686

16,484

16,296

13,525

13,571

13,635

15,763

14,050

13,376

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing (including lease pool depreciation of $4,959, $9,186 and $14,370 at January 31, 2020, 2019 and 2018, respectively)

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment leasing (including lease pool depreciation of $1,143 and $2,445 for the three months ended July 31, 2019 and 2018, respectively, and $2,589 and $5,099 for the six months ended July 31, 2019 and 2018 respectively)

-

-

10,989

12,351

-

-

15,173

16,221

-

40,576

36,915

33,410

29,037

32,803

33,239

33,505

34,120

5,582

6,750

6,830

6,689

6,360

5,482

5,470

5,517

5,512

5,710

6,531

7,963

8,019

8,721

8,607

8,059

7,243

5,724

0

0

0

Direct costslease pool depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

26,978

27,791

28,697

-

30,664

32,057

33,342

34,399

33,586

32,168

30,688

29,412

30,287

31,379

32,430

33,405

32,523

31,438

29,704

27,400

25,305

23,437

0

0

0

Equipment sales

590

1,408

2,584

2,367

2,817

3,291

2,275

2,303

7,742

11,333

11,205

11,493

5,805

1,705

2,092

1,891

1,654

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of lease pool equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,371

4,593

5,041

6,043

4,609

3,787

2,887

1,580

1,108

689

0

0

0

Cost of Seamap and other equipment sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

24,069

21,454

18,219

19,861

18,258

18,919

19,052

18,043

19,655

20,286

0

0

0

Total cost of sales

26,054

27,661

30,476

30,950

31,202

31,277

29,593

33,321

42,192

48,417

50,868

51,555

48,413

45,659

49,423

48,681

49,150

49,883

51,824

57,969

59,892

62,178

61,601

61,888

60,093

64,239

63,136

62,221

67,272

63,409

62,865

60,250

55,082

53,311

50,136

0

0

0

Gross Profit

16,621

14,085

15,258

14,236

11,740

9,700

5,377

4,135

6,084

2,044

-994

-3,854

-7,414

-5,766

-1,906

-2,273

2,669

5,457

10,741

16,587

23,254

29,652

27,598

28,661

32,015

32,623

32,024

35,124

37,413

49,909

59,900

60,713

57,752

42,462

32,772

0

0

0

Operating expenses:
Selling, general and administrative

-

-

-

-

-

-

-

-

-

-

-

0

-

20,525

19,845

19,383

-

20,226

22,026

23,735

24,958

24,447

24,374

23,749

23,669

23,820

23,588

23,259

22,539

22,843

21,950

22,025

21,354

19,340

18,541

0

0

0

Selling, general and administrative

19,716

19,684

19,798

20,507

20,905

20,832

20,838

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development

1,850

1,744

1,290

1,104

1,159

1,722

1,846

1,774

1,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

2,000

0

0

0

200

1,213

1,213

1,213

1,013

0

0

0

-

-

-

-

-

0

0

-

-

-

-

-

-

0

-

-

-

-

-

0

-

0

0

-

-

0

Contract settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

2,670

2,627

2,560

2,529

2,496

2,342

2,279

2,184

2,148

2,164

2,206

2,328

2,399

2,500

2,542

2,526

2,511

2,493

2,547

2,476

2,191

1,935

1,652

1,470

1,493

1,493

1,484

1,446

1,400

1,349

1,291

1,263

1,239

1,217

1,209

0

0

0

Total operating expenses

26,996

24,055

23,648

24,140

24,760

27,851

27,972

27,126

25,792

23,008

22,911

23,394

23,876

27,635

29,739

29,861

29,429

28,911

28,023

29,061

29,999

26,382

27,074

26,267

26,210

26,361

25,072

24,705

23,511

24,192

23,920

23,475

23,208

20,744

20,055

0

0

0

Operating Income (Loss)

-10,375

-9,970

-8,390

-9,904

-13,020

-18,151

-22,595

-22,991

-19,708

-20,964

-23,905

-27,248

-31,290

-33,401

-31,645

-32,134

-26,760

-23,454

-17,282

-12,474

-6,745

3,270

524

2,394

5,805

6,262

6,952

10,419

13,902

25,717

35,980

37,238

34,544

21,718

12,717

0

0

0

Other income (expense):
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Income (Expense), Net

-46

-9

15

43

72

71

111

111

47

-88

-304

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

Other, net

12

98

-73

-3

-24

-448

-204

-311

-498

361

602

42

594

-814

-1,546

-609

-274

-1,962

-1,904

-2,171

-2,768

-131

-261

681

231

797

919

-52

-389

-790

285

-80

182

-545

-788

0

0

0

Total other expense

-34

-1,622

-6,674

-6,576

-6,568

-5,282

-93

-200

-451

280

358

-383

-49

-1,555

-2,312

-1,377

-999

-2,811

-2,764

-2,950

-3,441

-608

-628

559

221

950

1,188

-39

-378

-913

58

-306

-214

-930

-1,266

0

0

0

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

-10,409

-11,560

-15,032

-16,448

-19,588

-23,465

-22,720

-23,223

-20,159

-20,684

-23,547

-27,631

-31,339

-34,956

-33,957

-33,511

-27,759

-15,936

-13,400

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

7,212

8,140

10,380

13,524

24,804

36,038

36,932

34,330

20,788

11,451

0

0

0

Income Tax Expense (Benefit)

878

142

-167

-130

252

11

846

1,118

910

2,480

1,666

1,744

1,814

15,181

14,663

11,431

10,977

-5,182

-4,379

-2,258

-994

887

352

755

1,258

811

333

-4,522

-3,527

1,003

4,252

10,248

10,009

5,905

3,477

0

0

0

Net Income (Loss) Attributable to Parent

-11,287

-11,734

-14,897

-16,350

-19,840

-23,444

-23,534

-24,309

-21,069

-23,164

-25,213

-29,375

-33,153

-50,137

-48,620

-44,942

-38,736

-21,083

-15,667

-13,166

-9,192

1,775

-456

2,198

4,768

6,401

7,807

14,902

17,051

23,801

31,786

26,684

24,321

14,883

7,974

0

0

0

Preferred stock dividends

2,050

1,955

1,882

1,794

1,708

1,520

1,300

1,096

905

810

695

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

-13,337

-13,689

-16,779

-18,144

-21,548

-24,964

-24,834

-25,405

-21,974

-23,986

-25,986

-30,055

-33,639

-29,406

-27,744

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share:
Earnings Per Share, Basic

-0.35

-0.21

-0.30

-0.24

-0.38

-0.47

-0.41

-0.52

-0.66

-0.46

-0.46

-0.24

-0.84

-0.62

-0.80

-0.53

-2.23

-0.48

-0.49

-0.02

-0.74

-0.03

-0.26

0.29

0.14

-0.21

-0.05

0.49

0.26

-0.10

0.51

0.67

0.85

0.55

0.12

0.61

0.07

-0.01

Earnings Per Share, Diluted

-0.35

-0.21

-0.30

-0.24

-0.38

-0.47

-0.41

-0.52

-0.66

-0.46

-0.46

-0.24

-0.84

-0.62

-0.80

-0.53

-2.23

-0.48

-0.49

-0.02

-0.74

-0.03

-0.26

0.29

0.14

-0.21

-0.05

0.48

0.28

-0.10

0.48

0.63

0.81

0.52

0.11

0.58

0.07

-0.01

Shares used in computing loss per common share:
Basic (in shares)

12,167

12,158

12,128

12,119

12,121

12,119

12,093

12,087

12,089

12,087

12,082

12,078

12,076

12,075

12,070

12,059

12,058

12,051

12,037

12,018

12,020

12,476

12,671

12,749

12,754

12,767

12,742

12,789

12,798

12,771

12,665

12,626

12,454

12,381

10,970

9,923

9,916

9,838

Diluted (in shares)

12,167

12,158

12,128

12,119

12,121

12,119

12,093

12,087

12,089

12,087

12,082

12,078

12,076

12,075

12,070

12,059

12,058

12,051

12,037

12,018

11,667

12,476

12,671

13,102

13,979

12,767

12,742

13,220

13,609

12,771

13,262

13,326

13,209

12,982

11,615

10,470

10,203

9,838