Saexploration holdings, inc. (SAEX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Revenue from services

255,234

98,670

127,022

-

-

-

-

-

-

Cost of services

197,651

87,601

-

-

-

-

-

-

-

Revenue from services

-

-

-

205,564

228,137

386,820

245,268

257,359

-

Cost of services

-

-

93,229

144,118

159,237

-

-

-

-

Depreciation and amortization

13,028

12,207

11,725

-

-

-

-

-

-

Depreciation and amortization expense included in cost of services

-

-

-

16,410

18,137

15,205

14,843

-

-

Depreciation and amortization expense included in cost of services

-

-

-

-

-

315,405

187,493

212,540

-

Gross profit

44,555

-1,138

22,068

45,036

50,763

56,210

42,932

44,819

-

Operating expenses:
Selling, general and administrative expenses

44,936

41,225

25,557

29,253

34,542

39,543

33,489

25,714

-

Misappropriation of funds

328

1,080

482

-

-

-

-

-

-

(Gain) loss on sale of property and equipment

5,420

-288

-

-4,542

-632

-

-

-

-

Total operating expenses

39,844

42,593

26,039

-

-

-

-

-

-

Merger costs

-

-

-

-

-

-

1,188

0

-

Depreciation and amortization

-

-

-

-

-

-

-

720

-

Loss on disposal/sale of assets

-

-

-

-

-

-

-

-148

-

General and administrative expenses

-

-

-

-

-

-

-

-

288

General and administrative expenses - related party

-

-

-

-

-

-

-

-

62

Operating income

4,711

-43,731

-3,971

11,241

15,589

16,667

8,255

18,237

-350

Other (expense) income, net:
Interest expense, net

-14,660

-13,858

-29,363

-

-

-

-

-

-

Costs incurred on debt restructuring

-

-

-

5,439

0

-

-

-

-

Loss on extinguishment of long-term debt

-6,976

53

-

-

3,014

-17,157

0

-

-

Change in fair value of note payable to related parties

-

-

-

-

-

5,094

-

-

-

Change in fair value of note payable to related parties  Former SAE stockholders

-

-

-

-

-

-

-631

0

-

Change in fair value of notes payable to Former SAE stockholders

-

-

-

-

-

-

-

0

-

Interest expense, net

-

-

-

23,697

16,739

16,778

15,256

3,786

-

Loan Prepayment Fee

-

-

-

-

-

-

-

2,209

-

Foreign exchange (loss) gain, net

-436

-3,417

-1,308

1,977

-4,393

-3,451

-1,755

320

-

Other income, net

2,935

1,326

-272

-

-

-

-

-

-

Total other expense, net

-19,137

-15,949

-30,943

-35

-220

294

-1,124

-1,133

-

Total other expense, net

-

-

-

27,194

18,338

42,186

18,766

6,808

-

Income before income taxes

-14,426

-59,680

-34,914

-15,953

-2,749

-25,519

-10,511

11,429

-

Income taxes

8,187

-120

4,742

6,056

2,693

12,876

10,495

1,444

-

Net income

-22,613

-59,560

-39,656

-22,009

-5,442

-38,395

-21,006

9,985

-

Less: net income attributable to noncontrolling interest

2,573

905

1,972

3,021

4,433

3,358

45

0

-

Interest Income

-

-

-

-

-

-

-

-

2

Net income attributable to SAExploration

-25,186

-60,465

-41,628

-25,030

-9,875

-41,753

-21,051

9,985

-347

Earnings per common share:

-3.17

-32.91

-88.76

-

-

-

-

0.00

-0.17

Basic

-

-

-

-6.13

-84.55

-2.84

-2.10

1.74

-

Diluted

-

-

-

-6.13

-84.55

-2.84

-2.10

1.73

-

Weighted average common shares outstanding:
Weighted average common shares outstanding (basic and diluted)

7

3

0

-

-

-

-

-

2,009

Basic

-

-

-

4,083

116

14,697

10,010

5,746

-

Diluted

-

-

-

4,083

116

14,697

10,010

5,755

-