Saexploration holdings, inc. (SAEX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash flows from operating activities:
Net (loss) income attributable to the Corporation

-

-

-

-25,030

-9,875

-41,753

-21,051

9,985

-347

Net income attributable to noncontrolling interest

-

-

-

3,021

4,433

3,358

45

0

-

Net income

-22,613

-59,560

-39,656

-22,009

-5,442

-38,395

-21,006

9,985

-

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

13,625

12,660

12,099

-

-

-

-

-

-

Change in the fair value of notes payable to Former SAE stockholders

-

-

-

2,548

-

-

-

0

-

Equity-based compensation cost

-67

10,131

1,925

1,383

1,061

200

1,298

21

-

Tax credits used to offset production taxes

1,094

1,443

-

-

-

-

-

-

-

Reserve for potential tax credits monetization

0

1,700

-

-

-

-

-

-

-

Provision for doubtful accounts

1,722

536

-

12

0

-

254

0

-

Gain on sale of property and equipment

5,420

-288

101

-4,542

-632

-851

-133

-148

-

Depreciation and amortization

-

-

-

16,910

18,721

16,379

16,096

12,257

-

(Gain) loss on early extinguishment of debt

-

-

-

-

-

17,157

0

1,229

-

Amortization of loan issuance costs and debt discounts

3,832

5,565

16,602

10,455

1,592

2,298

2,860

-

-

Loss (gain) on extinguishment of long-term debt

-6,976

53

-

-

3,014

-

-

-

-

Amortization of loan costs and debt discounts

-

-

-

-

-

-

-

213

-

Payment in kind interest

-

-

4,848

3,619

0

1,022

2,040

0

-

Unrealized loss (gain) on foreign currency transactions

-78

-3,333

543

-

-

-

-

-

-

Deferred taxes

2,147

215

-

-

-

-

-

-1,566

-

Deferred income taxes

-

-

-959

1,322

1,472

1,145

-1,352

-

-

Payment of payroll taxes resulting from grantee election

-

-

-

-

-

0

-

-

-

Notes payable early repayment penalty and fees to advisors

-

-

-

-

-

9,174

-

-

-

Change in fair value of notes payable to Former SAE stockholders

-

-

-

-

-

5,094

0

-

-

Unrealized loss (gain) on foreign currency transactions

-

-

-

2,548

-4,137

-1,191

-631

0

-

Unrealized loss on foreign currency transactions

-

-

-

-

-

-

0

-

-

Changes in operating assets and liabilities:
Accounts receivable

25,800

12,761

-18,259

37,421

-1,804

38,198

13,597

-6,287

-

Restricted cash

-

-

-

-

-

-

-

3,593

69,211

Prepaid expenses

-

-

-

1,060

-14,888

13,403

-3,947

5,964

-38

Deferred costs on contracts

11,198

2,070

-6,546

3,489

607

1,556

-2,721

2,911

-

Prepaid expenses and other current assets

2,554

-868

1,511

-

-

-

-

-

-

Tax credits receivable

0

-2,748

-3,616

-

-

-

-

-

-

Accounts payable

20,820

5,817

-4,866

-8,012

-15,280

17,582

3,915

-22,505

32

Accrued liabilities

-4,024

4,270

-5,933

2,153

-804

13,506

-2,488

2,355

-

Income and other taxes payable

2,615

-5,018

-7,488

12,898

-16,908

14,510

1,177

1,932

-

Deferred revenue

4,346

83

-6,496

4,072

3,716

-7,741

-1,393

-865

-

Other, net

459

338

14

13

-200

79

-5,023

-1,489

-

Net cash provided by (used in) operating activities

-14,880

-30,143

-1,754

-19,830

3,224

-19,901

2,963

-1,488

-200

Cash flows from investing activities:
Asset purchase

0

21,749

-

-

-

-

-

-

-

Purchases of property and equipment

3,826

1,262

2,670

3,352

6,443

28,203

11,110

49,949

-

Business acquisition, net of cash acquired

-

-

-

-

-

-

-

760

-

Proceeds from sale of property and equipment

5,032

830

1,910

488

166

119

0

849

-

Accumulated interest released from restricted cash for operations

-

-

-

-

-

-

-

-

0

Amounts from restricted cash and cash equivalents used to repurchase ordinary shares

-

-

-

-

-

-

-

-

-7,539

Net cash used in investing activities

1,206

-22,181

-760

-2,864

-6,277

-28,084

-11,110

-49,860

-61,671

Cash flows from financing activities:
Long-term debt repayments

7,836

59,207

34,301

-

-

-

-

-

-

Long-term debt borrowings

22,666

123,411

33,401

44,470

37,687

0

-

-

-

Proceeds from notes payable to shareholder and affiliate

-

-

-

-

-

-

-

-

100

Repayments of advances from related parties

-

-

-

-

-

-

53

1,917

100

Debt issuance costs

212

2,715

1,166

2,002

41

7,543

2,750

8,657

-

Credit facility repayments

-

-

-

46,525

29,788

0

-

-

-

Merger costs

-

-

-

-

-

-

5,027

0

-

Capital lease repayments

-

-

-

-

475

493

797

1,122

-

Borrowings under senior loan facility

-

-

-

29,995

0

-

-

-

-

Proceeds from issuance of senior secured notes

-

-

-

-

-

150,000

0

118,247

-

Net proceeds from Merger

-

-

-

-

-

-

35,277

0

-

Repayment of notes payable

-

-

-

-

1,654

99,659

800

44,362

-

Proceeds from issuance of common stock

100

0

-

-

-

-

-

-

25

Stock issuance costs

0

1,712

2,904

131

0

-

-

-

-

Dividend payments on Former SAE preferred shares

-

-

-

-

-

1,072

15,084

168

-

Proceeds from Public Offering, net of offering costs

-

-

-

-

-

-

-

-

66,119

Proceeds from Warrant Offering

-

-

-

-

-

-

-

-

3,550

Proceeds from sale of Underwriter Purchase Option

-

-

-

-

-

-

-

-

0

Purchase of treasury stock

366

1,753

113

0

-

-

-

-

7,539

Distribution to noncontrolling interest

-

-

-

3,838

3,358

45

0

0

-

Distribution to noncontrolling interest

3,000

1,250

1,095

-

-

-

-

-

-

Other financing activities

-

-

-

127

85

-

-

-

-

Net cash (used in) provided by financing activities

11,352

56,774

-6,178

21,842

2,286

41,188

10,766

62,021

62,155

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-13

-334

245

1,030

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-2,335

4,116

-8,447

178

-

-

-

-

-

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-13

-334

245

1,030

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-2,335

4,116

-8,447

178

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-255

1,768

-989

70

-

Net change in cash and cash equivalents

-

-

-

-

-1,022

-5,029

1,630

10,743

282

Interest paid

-

-

-

8,462

16,225

11,170

9,256

5,813

-

Income taxes paid, net

-

-

-

254

3,314

10,610

4,163

2,503

-

Dividends accrued but unpaid on Former SAE preferred shares

-

-

-

-

-

-

1,072

525

-

Capital assets acquired under equipment note payable

-

-

-

-

-

1,654

0

-

-

Capital assets acquired under capital leases

-

-

-

-

-

92

98

410

-

Capital assets acquired included in accounts payable

-

-

-

-

-

2,434

287

-

-

Debt issuance costs included in accounts payable

-

-

-

0

6,602

-

-

-

-

Capital assets acquired included in accounts payable

-

-

-

559

0

-

-

-

-

Capital assets sold included in accounts receivable

-

-

-

1,850

0

-

-

-

-

Common stock and preferred stock shares issued to retire debt

-

-

-

28,425

0

-

-

-

-

Senior secured notes exchanged for equity

-

-

-

65,003

0

0

-

-

-

Warrants issued to retire debt

-

-

-

7,459

-

-

-

-

-

Fair value of warrants issued to stockholders

-

-

-

1,381

-

-

-

-

-

Accrued interest exchanged for second lien notes

-

-

-

7,459

0

-

-

-

-

Fair value of warrants issued to stockholders

-

-

-

1,381

0

-

-

-

-

Conversion of notes payable to related parties -- directors

-

-

-

-

-

500

0

0

-

Conversion of notes payable to related parties -- directors

-

-

-

-

-

-

0

-

-