SAExploration Holdings, Inc. SAEX Balance Sheet

Saexploration holdings, inc. (SAEX)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11
ASSETS
Current assets:
Cash and cash equivalents
8,543	5,441	13,378	25,938	9,482	7,579	20,341	4,525	13,395	3,693	13,537	20,238	11,514	11,460	11,503	16,841	12,388	11,300	17,315	27,179	10,929	12,322	13,363	13,403	17,351	16,762	28,521	27	15,721	100	5	11	282	339	511
Restricted cash
76	74	257	256	257	271	0	16	17	41	-	-	4,229	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	535	5,114	-	536	536	509	509	518	519	560	718	723	628	577	638	798	298	-	3,701	-	-	-	-	-	-
Accounts receivable, net
65,482	51,582	27,140	66,509	72,562	26,463	19,165	12,564	19,558	6,105	45,926	44,506	96,167	69,721	76,100	122,950	116,237	67,882	66,525	54,668	64,004	73,584	71,380	74,091	40,928	46,264	37,978	-	27,585	-	-	-	-	-	-
Deferred costs on contracts
4,387	14,966	5,360	1,850	5,382	3,746	448	489	-	1,780	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs on contracts
-	-	-	-	-	-	-	-	2,275	-	208	433	1,059	8,644	1,642	903	4,268	5,135	1,466	685	3,070	4,631	12,415	10,627	3,190	5,375	1,604	-	5,911	-	-	-	-	-	-
Accrued Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	1,977	-	-	-	887	-	-	-	17,037	9,415	8,229	4,619	8,401	7,459	13	8,553	20	32	18	18	18	18
Prepaid expenses and other current assets
6,423	5,324	4,102	4,535	2,203	2,843	3,164	4,542	3,414	3,853	4,106	2,523	1,603	-	3,828	3,029	1,743	-	3,877	7,373	8,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	555	-	6,859	10,324	15,590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	948	493	491	-	1,324	1,256	-	122	820	-	-	-	-	-	-	-	-
Deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,371	-	-	-	902	-	-	-	-	-	-
Total current assets
84,911	77,387	50,237	99,088	89,886	40,902	43,118	22,136	39,214	15,472	71,171	83,138	130,162	92,338	93,609	144,232	135,145	85,722	90,650	90,958	87,748	108,297	108,525	108,183	68,097	77,722	76,680	40	62,373	120	37	30	301	357	529
Property and equipment, net of accumulated depreciation and amortization of $91,899 and $92,204, respectively
34,826	37,289	27,881	30,177	32,913	35,334	38,080	28,783	30,638	32,946	35,597	38,044	41,206	42,759	50,161	54,528	58,232	61,828	65,977	69,543	73,751	77,096	61,233	62,355	64,572	61,637	63,970	-	70,456	-	-	-	-	-	-
Multiclient seismic data library, net
570	2,719	3,684	3,903	4,733	4,733	-	-	-	5,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
6,992	6,421	6,976	7,902	8,904	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
-	-	-	-	-	-	-	-	629	-	701	697	703	721	761	796	820	789	840	937	941	1,050	1,205	1,190	1,260	1,339	1,341	-	1,478	-	-	-	-	-	-
Goodwill
1,622	1,766	1,736	1,741	1,722	1,687	1,782	1,751	1,783	1,832	1,844	1,771	1,725	1,711	1,749	1,774	1,773	1,658	1,714	1,861	1,819	1,977	2,157	2,079	2,150	2,232	2,186	-	2,306	-	-	-	-	-	-
Intangible assets, net of accumulated amortization of $1,354 and $1,270, respectively
3,631	3,751	3,828	3,935	3,993	4,066	4,182	593	-	671	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax credits receivable, net
2,708	12,104	12,104	12,104	-	13,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax credits receivable, net
-	-	-	-	13,198	-	-	-	-	19,089	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan issuance costs, net
-	-	-	-	-	-	-	-	-	-	0	-	-	20,856	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred loan issuance costs, net
-	-	-	-	-	-	-	-	4,282	-	-	0	0	-	26,090	1,335	450	521	5,274	6,015	6,421	6,826	8,885	8,403	9,115	8,700	9,395	-	9,066	-	-	-	-	-	-
Long-term accounts receivable, net
-	-	-	-	-	-	59,117	59,117	78,102	-	43,961	43,961	37,984	37,984	37,984	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	56	154	163	2,160	4,914	4,949	5,123	2,338	5,165	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	5,083	5,193	5,122	3,914	3,886	3,830	3,756	9,527	8,275	7,949	2,229	745	720	743	590	1,585	-	1,622	-	-	-	-	-	-
Other assets
775	778	270	270	269	267	3,242	3,855	181	3,086	182	181	150	164	150	150	150	150	150	150	-	0	175	45	13	680	684	-	674	-	-	-	-	-	-
Cash and cash equivalents held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,676	-	61,685	61,685	61,678	61,671	62,221	69,210
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-	11	10	15	19	24	29
Total assets
136,035	142,215	106,772	159,274	155,781	102,347	154,435	121,184	159,952	81,263	158,621	172,875	217,123	201,655	214,418	206,701	200,400	154,424	174,132	177,739	178,629	197,475	182,925	182,975	145,950	152,900	155,841	61,719	147,975	61,817	61,733	61,723	61,993	62,604	69,768
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable
30,090	30,966	10,691	40,423	30,510	10,103	7,594	7,432	12,167	4,553	3,308	4,295	24,377	9,301	16,105	26,542	35,180	16,575	29,631	24,615	27,564	34,255	36,199	35,406	16,511	31,369	8,436	424	12,309	89	158	87	12	11	73
Accrued liabilities
8,762	6,034	7,724	14,627	20,347	10,498	6,891	7,444	8,778	6,311	8,492	10,532	12,641	12,750	14,687	22,531	19,510	17,818	11,426	15,662	12,678	19,554	9,524	6,831	2,438	3,787	4,674	-	5,435	-	-	-	-	-	-
Income and other taxes payable
2,395	5,902	2,600	7,527	5,398	3,331	5,581	5,268	7,706	8,434	10,430	8,707	13,388	15,605	13,032	11,157	5,825	2,586	3,430	5,149	6,917	20,261	5,847	6,004	7,073	8,478	417	-	5,896	-	-	-	-	-	-
Operating lease liabilities
2,029	2,576	3,056	3,193	3,488	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt and finance leases
98,998	112,401	582	7,759	7,866	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	-	7,837	6,954	-	-	995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under senior loan facility
-	-	-	-	-	-	-	-	0	-	-	-	-	5,844	11,627	14,646	10,535	7,899	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,267	4,497	2,800	2,874	-	3,247	-	-	-	-	-	-
Accrued interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	686	-	-	-	-	-	-	-	-	-	-
Equipment note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	426	843	1,266	1,654	-	-	0	-	-	-	-	-	-	-	-	-	-
Current portion of notes payable under 2012 credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	-	-	-	-	-	-	-	-	-	-
Accrued payroll liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,104	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable - current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	800	-	800	1,300	-	800	-	-	-	-	-	-
Current portion of notes payable to related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500	500	0	-	53	-	-	-	-	-	-
Current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	0	1	42	56	84	115	104	115	302	353	395	460	353	365	485	616	736	-	818	-	-	-	-	-	-
Deferred revenue
7,477	8,724	5,432	4,440	1,868	4,357	-	-	-	1,477	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	2,043	0	257	-	0	0	444	7,975	3,000	3,705	7,243	3,903	115	0	1,810	187	6,427	18,167	7,927	5,506	7,980	-	6,145	-	-	-	-	-	-
Deferred income tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	587	587	587	-	69	69	69	-	-	-	0	-	-	-	-	-	-
Accounts payable - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	20	10	-	-	2
Total current liabilities
149,751	166,603	30,085	77,969	69,477	36,126	29,063	20,144	28,908	21,770	56,432	56,397	85,404	51,531	58,535	78,696	78,397	48,896	45,917	47,209	51,217	76,371	69,323	75,909	40,986	53,856	26,417	1,068	34,703	469	278	98	186	11	75
Long-term debt and finance leases
6,341	7,145	103,358	94,387	93,553	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	83,205	87,349	57,425	-	114,946	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under credit facility
-	-	-	-	-	-	-	-	-	-	0	0	0	29,995	14,995	5,600	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Second lien notes, net
-	-	-	-	-	-	-	-	6,956	-	85,059	84,689	82,433	80,238	78,100	-	-	0	-	-	-	-	80,584	80,230	-	79,532	79,166	-	78,493	-	-	-	-	-	-
Senior secured notes, net
-	-	-	-	-	-	-	-	1,844	-	1,843	1,839	1,834	1,830	1,826	136,254	135,942	135,630	140,000	150,000	150,000	150,000	-	-	0	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
5,092	4,280	4,318	5,107	5,808	380	381	623	615	608	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term portion of notes payable under 2012 credit agreement, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79,888	-	-	-	-	-	-	-	-	-	-
Long-term portion of notes payable to related parties, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,500	12,913	12,406	12,267	11,775	-	0	-	-	-	-	-	-
Long-term portion of capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	42	55	84	118	148	185	491	543	618	717	801	-	1,054	-	-	-	-	-	-
Other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue - non-current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,058	-	3,175	-	-	-	-	-	-
Deferred income tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	55	55	55	5,987	5,987	5,663	0	1,117	1,084	1,114	241	188	-	241	-	-	-	-	-	-
Warrant liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,244	-	-	-	-	-	-
Total liabilities
-	-	-	-	-	-	-	-	86,883	-	143,334	142,925	169,671	163,594	153,511	220,606	214,436	184,636	191,988	203,314	207,028	226,556	169,029	170,679	135,012	146,613	119,405	-	118,910	-	-	-	-	-	-
Common Stock, subject to possible conversion, 5,620,923 shares at conversion value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,670	-	56,670	56,670	-	56,670	-	-
Common Stock, subject to possible conversion, 5,620,923 shares at conversion value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,670	-	57,221	64,191
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' deficit:
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares outstanding
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock
0	0	0	0	0	0	0	2	2	0	1	1	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	0	1	0	0	0	0	0	0
Additional paid-in capital
240,201	240,068	235,583	235,638	234,039	232,661	231,644	177,021	175,660	133,742	133,465	133,081	132,445	131,816	131,049	36,102	35,928	35,763	35,377	28,192	28,185	28,185	27,985	27,985	27,485	27,287	27,287	5,484	1,907	5,484	5,484	5,484	5,484	5,489	5,512
Accumulated deficit
-265,886	-274,535	-266,453	-253,468	-247,036	-249,349	-194,033	-168,726	-135,321	-189,178	-117,380	-103,610	-85,705	-92,550	-70,437	-51,644	-51,899	-66,139	-53,106	-52,997	-55,093	-56,264	-13,959	-13,813	-14,511	-19,021	11,081	-	21,801	-	-	-	-	-	-
Accumulated other comprehensive loss
-129	-2,912	-2,435	-3,425	-3,078	-3,035	-3,077	-3,269	-4,494	-5,082	-5,256	-4,894	-4,887	-4,822	-4,966	-5,255	-4,884	-4,271	-4,257	-	-	-4,362	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock
2,232	2,232	2,232	2,232	1,866	1,866	1,866	288	288	113	113	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,605	4,267	-	1,870	2,709	2,083	1,981	1,934	1,503	-356	806	700	529	347	118	11
SAExploration stockholders’ deficit
-28,046	-39,611	-35,537	-23,487	-17,941	-21,589	32,668	4,740	35,559	-60,631	10,717	24,578	41,854	34,445	55,647	-20,795	-20,853	-34,645	-21,984	-29,408	-31,173	-32,439	12,158	11,465	10,893	6,287	36,436	3,981	24,065	4,678	4,784	4,955	5,136	5,371	5,501
Noncontrolling interest
2,897	3,798	4,548	5,298	4,884	4,225	4,974	5,464	5,405	4,570	4,570	5,372	5,598	3,616	5,260	6,890	6,817	4,433	4,128	3,833	2,774	3,358	1,738	831	45	-	-	-	24,065	-	-	-	-	-	-
Total stockholders’ deficit
-25,149	-35,813	-30,989	-18,189	-13,057	-17,364	37,642	10,204	40,964	-56,061	15,287	29,950	47,452	38,061	60,907	-13,905	-14,036	-30,212	-17,856	-25,575	-28,399	-29,081	13,896	12,296	10,938	-	-	-	0	-	-	-	-	-	-
Total liabilities and stockholders’ deficit
136,035	142,215	106,772	159,274	155,781	102,347	154,435	121,184	159,952	81,263	158,621	172,875	217,123	201,655	214,418	206,701	200,400	154,424	174,132	177,739	178,629	197,475	182,925	182,975	145,950	152,900	155,841	61,719	147,975	61,817	61,733	61,723	61,993	62,604	69,768
Senior Loan Facility
Current portion of long-term debt
-	-	-	-	-	-	-	-	-	995	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-