Saexploration holdings, inc. (SAEX)
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'12
Cash flows from operating activities:
Net (loss) income attributable to the Corporation

-

-

-

-

-

-

-

-

-

-

-

-

6,845

-22,113

-17,412

255

14,240

-13,033

-109

2,096

1,171

-18,897

-23,408

-146

698

4,508

-30,102

-1,319

5,862

-5,323

2,482

13,007

-181

Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

1,982

0

15

622

2,384

305

295

1,059

2,774

-197

1,862

907

786

-

-

0

0

-

-

-

-

Net income

10,069

-8,082

-12,985

-5,268

3,722

-18,697

-22,631

-17,841

-391

-16,798

-13,845

-17,840

8,827

-22,113

-17,397

877

16,624

-12,728

186

3,155

3,945

-19,094

-21,546

761

1,484

-

-

-1,319

5,862

-

-

-

-

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Tax credits returned to State of Alaska

9,396

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

5,305

3,739

3,072

3,782

3,032

4,700

3,092

2,369

2,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Equity-based compensation cost

133

-2,411

-55

1,599

800

1,017

6,473

1,588

1,053

276

384

636

629

767

273

178

165

386

668

7

0

-

-

-

-

198

0

1,043

57

-

-

-

-

Provision for doubtful accounts

1,432

103

700

-22

941

401

0

135

0

-

-

-

-

-575

-66

13

640

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment

206

4,772

-13

188

473

-623

150

4

181

30

-12

87

-4

-4,580

-212

-92

342

-237

-84

-332

21

-347

-216

-266

-22

-12

-18

-42

-61

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

3,356

4,001

4,271

4,306

4,332

4,614

4,609

4,947

4,551

4,254

4,579

3,693

3,853

4,937

3,701

3,683

3,775

-

-

-

-

Amortization of loan issuance costs and debt discounts

1,033

997

970

944

921

1,450

2,214

672

1,229

1,716

4,363

5,262

5,261

5,261

4,424

387

383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on extinguishment of long-term debt

-

-

-

-

-

0

0

0

53

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan costs and debt discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

751

751

-

1,385

472

620

-

-

-

-

Payment in kind interest

-

-

-

-

-

-

-

-

-

0

379

2,265

2,204

2,146

1,473

0

0

0

-811

406

405

0

0

515

507

520

525

507

488

-

-

-

-

Unrealized loss (gain) on foreign currency transactions

-5,254

532

-1,217

352

255

-913

-289

-1,918

-213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

0

124

0

-1

2,024

67

86

61

1

-

-

-

-

-

-

-

-

-

-1,707

-4

39

-

520

-60

108

-

1,746

71

-5

-

-

-

-

Changes in operating assets and liabilities

11,267

-

5,101

-15,970

17,476

-

1,389

-2,174

7,705

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of notes payable to Former SAE stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

49

-

-

-

-

Unrealized loss (gain) on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

330

229

-396

1,063

1,652

816

-2,994

271

-2,230

3,903

0

-4,587

-507

-

-

0

0

-

-

-

-

Unrealized loss on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-

-

-

-

-

-

-

-

-

-1,990

1,019

-45,395

28,107

-7,570

-8,984

5,966

48,009

-558

16,048

-9,724

-7,570

2,151

5,595

-2,711

33,163

-5,082

8,286

-18,847

29,240

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-104

-3,299

-

-

-

6

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-391

-2,090

757

1,237

1,156

-2,999

-2,779

-1,140

-7,970

5,158

3,449

1,186

3,610

-

-

-215

-892

-

-

-

4

Deferred costs on contracts

-

-

-

-

-

-

-

-

-

1,898

-236

-615

-7,593

7,073

681

-3,377

-888

3,610

902

-2,369

-1,536

-4,199

-3,470

1,788

7,437

-2,185

3,771

-2,104

-2,203

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

1,727

-2,169

-19,971

15,547

-7,517

-10,461

-8,363

18,329

-14,239

6,217

-3,766

-3,492

1,662

-3,688

713

18,895

-14,858

22,691

-19,881

15,963

-21,448

-11,707

10,584

65

Accrued liabilities

-

-

-

-

-

-

-

-

-

-1,524

-2,176

-2,053

-180

-1,849

-425

2,902

1,525

6,689

-3,884

2,787

-6,396

-2,989

4,488

4,530

7,477

-

-

662

-2,031

-

-

-

-

Income and other taxes payable

-

-

-

-

-

-

-

-

-

-2,270

1,645

-4,584

-2,279

2,758

1,915

5,280

2,945

-672

-1,466

-1,794

-12,976

16,055

-319

-157

-1,069

-1,405

8,061

-7,113

1,634

-

-

-

-

Accrued payroll

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,880

3,507

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

1,479

0

-444

-7,531

4,975

-705

-3,538

3,340

3,788

115

-1,810

1,623

-1,234

-5,021

-11,726

10,240

-

-

-1,669

1,387

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

76

-76

30

-16

18

-4

0

-1

-150

-39

-7

-4

-13

-1,255

1,376

-29

-7,998

2,285

739

-49

-

-

-

-

Net cash provided by (used in) operating activities

21,149

-13,505

-12,169

17,558

-6,764

-7,564

-12,016

-7,228

-3,335

-6,898

-11,980

11,723

5,401

-6,548

-8,540

-2,755

-1,987

-12,061

-8,932

17,229

6,988

-3,956

-16,773

2,234

-1,406

10,096

-8,852

-6,851

8,570

-9,861

-12,437

21,074

-264

Cash flows from investing activities:
Purchases of property and equipment

283

2,668

560

271

327

218

341

569

134

322

130

66

2,152

2,587

109

480

176

841

706

586

4,310

12,375

11,422

2,281

2,125

7,204

1,218

939

1,749

-

-

-

-

Proceeds from sale of property and equipment

206

4,336

22

531

143

153

484

11

182

-55

3

111

1,851

0

13

41

434

-104

157

92

21

47

0

72

0

-

-

-

-

-

-

-

-

Accumulated interest released from restricted cash for operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-77

1,668

-538

260

-184

-65

-21,606

-558

48

-377

-127

45

-301

-2,587

-96

-439

258

-945

-549

-494

-4,289

-12,328

-11,422

-2,209

-2,125

-7,204

-1,218

-939

-1,749

-21,486

-1,692

-26,675

-6

Cash flows from financing activities:
Long-term debt and finance lease repayments

15,240

-

7,176

218

210

-

55,276

0

995

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt repayments

-

-

-

-

-

-

-

-

-

-865

1,344

33,822

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt borrowings

0

5,000

8,000

0

9,666

0

108,411

0

15,000

0

2,556

15,220

15,625

8,829

201

14,333

21,107

23,487

0

0

14,200

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from notes payable to shareholder and affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of advances from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

53

-

-

-

0

Credit facility repayments

-

-

-

-

-

-

-

-

-

-

-

-

16,952

14,612

3,220

10,222

18,471

15,588

0

0

14,200

0

0

0

0

-

-

-

-

-

-

-

-

Capital lease repayments

-

-

-

-

-

-

-

-

-

-

1

41

14

-

-54

30

24

216

85

72

102

97

97

76

223

160

204

220

213

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

426

417

423

388

0

99,259

200

200

147

253

200

200

-

-

-

-

Proceeds from issuance of common stock

0

0

0

0

100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock issuance costs

-

-

-

-

-

0

0

995

717

2,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payments on Former SAE preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,000

0

5,042

42

-

-

-

-

Proceeds from Public Offering, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from Warrant Offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of Underwriter Purchase Option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of treasury stock

-

-

-

-

-

0

1,578

0

175

0

113

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

0

0

0

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest

2,321

750

750

750

750

750

500

0

0

-

-

-

-

-

-

-

-

-

0

0

3,358

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-17,561

3,806

74

-1,334

8,806

-4,799

49,455

-995

13,113

-3,149

294

-1,982

-1,341

7,510

3,548

8,172

2,612

7,172

-543

-495

-3,848

-1,027

42,914

-276

-423

-1,610

-1,673

14,557

-508

33,954

18,200

9,867

0

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

-407

-89

74

-29

31

-115

-36

-106

-77

-99

533

-177

-12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

3,104

-8,120

-12,559

16,455

1,889

-12,543

15,797

-8,887

9,749

-10,523

-11,280

9,609

3,747

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-407

-89

74

-29

31

-115

-36

-106

-77

-99

533

-177

-12

1,582

-223

-525

196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

3,104

-8,120

-12,559

16,455

1,889

-12,543

15,797

-8,887

9,749

-10,523

-11,280

9,609

3,747

-43

-5,311

4,453

1,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-181

160

10

-244

1,253

298

211

6

-693

-16

348

-628

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,015

-9,864

16,250

-1,393

-16,058

15,017

-40

-3,948

589

-11,759

7,115

5,685

1,795

4,173

5,046

-271

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

930

677

542

169

7,074

315

7,701

10

8,199

85

6,466

2,354

2,265

2,385

1,887

2,287

2,697

-

-

-

-

Income taxes paid, net

-

-

-

-

-

-

-

-

-

-

-

-

910

5

0

408

-159

1,631

27

928

728

6,387

3,575

378

270

864

0

2,063

1,236

-

-

-

-

Dividends accrued but unpaid on Former SAE preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

983

89

-

-

-

-

Capital assets acquired under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

-81

91

40

0

0

0

98

-

-

-

-

Capital assets acquired included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-15

-141

157

-

-246

600

50

2,074

280

65

15

-

-

0

45

-

-

-

-

Stock issuance costs included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock and preferred stock shares issued to retire debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Senior secured notes exchanged for equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Warrants issued to retire debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock and warrants issued to convert Series B preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock issuance costs previously included in prepaid

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividend declared

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend for amortization of Series A Preferred Stock discount and adjustment to redemption value

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest exchanged for second lien notes

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of notes payable to related parties -- directors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

500

-

-

-

-

-

-

-

-

Warrant exchange for common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-