Saexploration holdings, inc. (SAEX)
CashFlow / TTM
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

-

-

-

-

-

-

-

-

-

-

-

-

-32,425

-25,030

-15,950

1,353

3,194

-9,875

-15,739

-39,038

-41,280

-41,753

-18,348

-25,042

-26,215

-21,051

-30,882

1,702

16,028

9,985

0

0

0

Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

2,619

3,021

3,326

3,606

4,043

4,433

3,931

5,498

5,346

3,358

0

0

0

-

-

0

0

-

-

-

-

Net income

-16,266

-22,613

-33,228

-42,874

-55,447

-59,560

-57,661

-48,875

-48,874

-39,656

-44,971

-48,523

-29,806

-22,009

-12,624

4,959

7,237

-5,442

-11,808

-33,540

-35,934

-38,395

0

0

0

-

-

0

0

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

15,898

13,625

14,586

14,606

13,193

12,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Equity-based compensation cost

-734

-67

3,361

9,889

9,878

10,131

9,390

3,301

2,349

1,925

2,416

2,305

1,847

1,383

1,002

1,397

1,226

1,061

0

0

0

-

-

-

-

1,298

0

0

0

-

-

-

-

Provision for doubtful accounts

2,213

1,722

2,020

1,320

1,477

536

0

0

0

-

-

-

-

12

587

653

640

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment

5,153

5,420

25

188

4

-288

365

203

286

101

-4,509

-4,709

-4,888

-4,542

-199

-71

-311

-632

-742

-874

-808

-851

-516

-318

-94

-133

0

0

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

15,934

16,910

17,523

17,861

18,502

18,721

18,361

18,331

17,077

16,379

17,062

16,184

16,174

16,096

0

0

0

-

-

-

-

Amortization of loan issuance costs and debt discounts

3,944

3,832

4,285

5,529

5,257

5,565

5,831

7,980

12,570

16,602

20,147

20,208

15,333

10,455

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on extinguishment of long-term debt

-

-

-

-

-

53

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan costs and debt discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Payment in kind interest

-

-

-

-

-

-

-

-

-

4,848

6,994

8,088

5,823

3,619

1,473

-811

-405

0

0

811

920

1,022

1,542

2,067

2,059

2,040

0

0

0

-

-

-

-

Unrealized loss (gain) on foreign currency transactions

-5,587

-78

-1,523

-595

-2,865

-3,333

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

123

2,147

2,090

2,176

2,238

215

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Changes in operating assets and liabilities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of notes payable to Former SAE stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Unrealized loss (gain) on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

1,226

2,548

3,135

537

-255

-4,137

-1,050

1,944

-2,914

-1,191

0

0

0

-

-

0

0

-

-

-

-

Unrealized loss on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-

-

-

-

-

-

-

-

-

-18,259

-23,839

-33,842

17,519

37,421

44,433

69,465

53,775

-1,804

905

-9,548

-2,535

38,198

30,965

33,656

17,520

13,597

0

0

0

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-487

1,060

151

-3,385

-5,762

-14,888

-6,731

-503

1,823

13,403

0

0

0

-

-

0

0

-

-

-

0

Deferred costs on contracts

-

-

-

-

-

-

-

-

-

-6,546

-1,371

-454

-3,216

3,489

26

247

1,255

607

-7,202

-11,574

-7,417

1,556

3,570

10,811

6,919

-2,721

0

0

0

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-4,866

-14,110

-22,402

-10,794

-8,012

-14,734

1,944

6,541

-15,280

621

-9,284

-4,805

17,582

1,062

27,441

6,847

3,915

-2,675

-37,073

-6,607

-22,505

0

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-5,933

-6,258

-4,507

448

2,153

10,691

7,232

7,117

-804

-10,482

-2,110

-367

13,506

0

0

0

-

-

0

0

-

-

-

-

Income and other taxes payable

-

-

-

-

-

-

-

-

-

-7,488

-2,460

-2,190

7,674

12,898

9,468

6,087

-987

-16,908

-181

966

2,603

14,510

-2,950

5,430

-1,526

1,177

0

0

0

-

-

-

-

Accrued payroll

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-6,496

-3,000

-3,705

-6,799

4,072

2,885

3,705

5,433

3,716

-1,306

-6,442

-16,358

-7,741

0

0

0

-

-

0

0

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

14

-44

28

-2

13

-155

-190

-197

-200

-63

-1,279

104

79

-7,906

-4,366

-5,003

-5,023

0

0

0

-

-

-

-

Net cash provided by (used in) operating activities

13,033

-14,880

-8,939

-8,786

-33,572

-30,143

-29,477

-29,441

-10,490

-1,754

-1,404

2,036

-12,442

-19,830

-25,343

-25,735

-5,751

3,224

11,329

3,488

-11,507

-19,901

-5,849

2,072

-7,013

2,963

-16,994

-20,579

7,346

-1,488

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

3,782

3,826

1,376

1,157

1,455

1,262

1,366

1,155

652

2,670

4,935

4,914

5,328

3,352

1,606

2,203

2,309

6,443

17,977

28,693

30,388

28,203

23,032

12,828

11,486

11,110

0

0

0

-

-

-

-

Proceeds from sale of property and equipment

5,095

5,032

849

1,311

791

830

622

141

241

1,910

1,965

1,975

1,905

488

384

528

579

166

317

160

140

119

0

0

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

1,313

1,206

-527

-21,595

-22,413

-22,181

-22,493

-1,014

-411

-760

-2,970

-2,939

-3,423

-2,864

-1,222

-1,675

-1,730

-6,277

-17,660

-28,533

-30,248

-28,084

-22,960

-12,756

-11,486

-11,110

-25,392

-25,866

-51,602

-49,860

0

0

0

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

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt repayments

-

-

-

-

-

-

-

-

-

34,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt borrowings

13,000

22,666

17,666

118,077

118,077

123,411

123,411

17,556

32,776

33,401

42,230

39,875

38,988

44,470

59,128

58,927

44,594

37,687

14,200

14,200

14,200

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from notes payable to shareholder and affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of advances from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

Credit facility repayments

-

-

-

-

-

-

-

-

-

-

-

-

45,006

46,525

47,501

44,281

34,059

29,788

14,200

14,200

14,200

0

0

0

0

-

-

-

-

-

-

-

-

Capital lease repayments

-

-

-

-

-

-

-

-

-

-

0

0

0

-

216

355

397

475

356

368

372

493

556

663

807

797

0

0

0

-

-

-

-

Repayment of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,654

1,228

100,070

99,847

99,659

99,806

800

800

800

0

0

0

-

-

-

-

Proceeds from issuance of common stock

0

100

100

100

100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock issuance costs

-

-

-

-

-

1,712

4,616

4,616

3,621

2,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payments on Former SAE preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,084

0

0

0

-

-

-

-

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

-

-

-

-

-

1,753

1,753

288

288

113

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Distribution to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

0

0

0

-

-

-

-

-

-

-

-

Distribution to noncontrolling interest

4,571

3,000

3,000

2,750

2,000

1,250

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-15,015

11,352

2,747

52,128

52,467

56,774

58,424

9,263

8,276

-6,178

4,481

7,735

17,889

21,842

21,504

17,413

8,746

2,286

-5,913

37,544

37,763

41,188

40,605

-3,982

10,851

10,766

46,330

66,203

61,513

62,021

0

0

0

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

-451

-13

-39

-149

-226

-334

-318

251

180

245

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-1,120

-2,335

-6,758

21,598

-3,744

4,116

6,136

-20,941

-2,445

-8,447

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-451

-13

-39

-149

-226

-334

-318

251

180

245

1,926

1,170

822

1,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-1,120

-2,335

-6,758

21,598

-3,744

4,116

6,136

-20,941

-2,445

-8,447

2,033

8,002

2,846

178

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-255

1,179

1,317

1,518

1,768

-178

-492

-355

-989

0

0

0

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,022

-11,065

13,816

-2,474

-5,029

11,618

-15,158

-8,003

1,630

2,836

18,768

16,699

10,743

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

2,318

8,462

8,100

15,259

15,100

16,225

15,995

14,760

17,104

11,170

13,470

8,891

8,824

9,256

0

0

0

-

-

-

-

Income taxes paid, net

-

-

-

-

-

-

-

-

-

-

-

-

1,323

254

1,880

1,907

2,427

3,314

8,070

11,618

11,068

10,610

5,087

1,512

3,197

4,163

0

0

0

-

-

-

-

Dividends accrued but unpaid on Former SAE preferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,072

0

0

0

-

-

-

-

Capital assets acquired under capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

50

131

40

98

0

0

0

-

-

-

-

Capital assets acquired included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

2,478

3,004

2,469

2,434

0

0

0

-

-

0

0

-

-

-

-

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

0

-

-

-

-

-

-

-

-

Warrant exchange for common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-