XML 65 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Information - Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Current assets:      
Cash and cash equivalents $ 30,043 $ 52,056 $ 40,225
Accounts receivable, net 23,624 19,478  
Unbilled receivables 25,724 37,304  
Inventories 15,129 14,508  
Prepaid expenses and other current assets 5,854 7,643  
Total current assets 100,374 130,989  
Deferred income tax asset 4,058 1,753  
Property, plant, equipment and seismic rental equipment, net 49,968 52,153  
Multi-client data library, net 83,254 89,300  
Investment in subsidiaries 0 0  
Goodwill 23,590 24,089  
Intercompany receivables 0 0  
Other assets 2,713 2,785  
Total assets 263,957 301,069  
Current liabilities:      
Current maturities of long-term debt 1,335 40,024  
Accounts payable 31,872 24,951  
Accrued expenses 33,556 38,697  
Accrued multi-client data library royalties 28,235 27,035  
Deferred revenue 10,327 8,910  
Total current liabilities 105,325 139,617  
Long-term debt, net of current maturities 119,449 116,720  
Intercompany payables 0 0  
Other long-term liabilities 12,269 13,926  
Total liabilities 237,043 270,263  
Equity:      
Common stock 140 120  
Additional paid-in capital 951,811 903,247  
Accumulated earnings (deficit) (906,749) (854,921)  
Accumulated other comprehensive income (loss) (19,591) (18,879)  
Due from ION Geophysical Corporation 0 0  
Total stockholders’ equity 25,611 29,567  
Noncontrolling interest 1,303 1,239  
Total equity 26,914 30,806  
Total liabilities and equity 263,957 301,069  
ION Geophysical Corporation      
Current assets:      
Cash and cash equivalents 20,553   17,243
The Guarantors      
Current assets:      
Cash and cash equivalents 18   43
All Other Subsidiaries      
Current assets:      
Cash and cash equivalents 9,472   $ 22,939
Reportable Legal Entities | ION Geophysical Corporation      
Current assets:      
Cash and cash equivalents 20,553 39,344  
Accounts receivable, net 8 50  
Unbilled receivables 0 0  
Inventories 0 0  
Prepaid expenses and other current assets 2,107 2,427  
Total current assets 22,668 41,821  
Deferred income tax asset 1,264 1,264  
Property, plant, equipment and seismic rental equipment, net 375 511  
Multi-client data library, net 0 0  
Investment in subsidiaries 812,068 753,045  
Goodwill 0 0  
Intercompany receivables 0 0  
Other assets 1,708 686  
Total assets 838,083 797,327  
Current liabilities:      
Current maturities of long-term debt 0 39,774  
Accounts payable 3,166 1,774  
Accrued expenses 13,356 12,284  
Accrued multi-client data library royalties 0 0  
Deferred revenue 0 0  
Total current liabilities 16,522 53,832  
Long-term debt, net of current maturities 117,400 116,691  
Intercompany payables 678,114 596,783  
Other long-term liabilities 436 454  
Total liabilities 812,472 767,760  
Equity:      
Common stock 140 120  
Additional paid-in capital 951,811 903,247  
Accumulated earnings (deficit) (906,749) (854,921)  
Accumulated other comprehensive income (loss) (19,591) (18,879)  
Due from ION Geophysical Corporation 0 0  
Total stockholders’ equity 25,611 29,567  
Noncontrolling interest 0 0  
Total equity 25,611 29,567  
Total liabilities and equity 838,083 797,327  
Reportable Legal Entities | The Guarantors      
Current assets:      
Cash and cash equivalents 18 66  
Accounts receivable, net 15,101 12,496  
Unbilled receivables 14,326 34,484  
Inventories 9,421 8,686  
Prepaid expenses and other current assets 1,211 769  
Total current assets 40,077 56,501  
Deferred income tax asset 2,645 336  
Property, plant, equipment and seismic rental equipment, net 9,155 7,170  
Multi-client data library, net 75,631 81,442  
Investment in subsidiaries 261,875 321,934  
Goodwill 0 0  
Intercompany receivables 271,410 225,144  
Other assets 935 1,811  
Total assets 661,728 694,338  
Current liabilities:      
Current maturities of long-term debt 1,335 250  
Accounts payable 25,825 20,982  
Accrued expenses 11,088 16,957  
Accrued multi-client data library royalties 28,020 26,824  
Deferred revenue 7,507 7,231  
Total current liabilities 73,775 72,244  
Long-term debt, net of current maturities 2,049 29  
Intercompany payables 0 0  
Other long-term liabilities 5,815 6,084  
Total liabilities 81,639 78,357  
Equity:      
Common stock 290,460 290,460  
Additional paid-in capital 180,700 180,701  
Accumulated earnings (deficit) 365,725 376,690  
Accumulated other comprehensive income (loss) 4,324 4,372  
Due from ION Geophysical Corporation (261,120) (236,242)  
Total stockholders’ equity 580,089 615,981  
Noncontrolling interest 0 0  
Total equity 580,089 615,981  
Total liabilities and equity 661,728 694,338  
Reportable Legal Entities | All Other Subsidiaries      
Current assets:      
Cash and cash equivalents 9,472 12,646  
Accounts receivable, net 8,515 6,932  
Unbilled receivables 11,398 2,820  
Inventories 5,708 5,822  
Prepaid expenses and other current assets 2,536 4,447  
Total current assets 37,629 32,667  
Deferred income tax asset 149 153  
Property, plant, equipment and seismic rental equipment, net 40,438 44,472  
Multi-client data library, net 7,623 7,858  
Investment in subsidiaries 0 0  
Goodwill 23,590 24,089  
Intercompany receivables 66,287 56,633  
Other assets 70 288  
Total assets 175,786 166,160  
Current liabilities:      
Current maturities of long-term debt 0 0  
Accounts payable 2,881 2,195  
Accrued expenses 9,112 9,456  
Accrued multi-client data library royalties 215 211  
Deferred revenue 2,820 1,679  
Total current liabilities 15,028 13,541  
Long-term debt, net of current maturities 0 0  
Intercompany payables 0 0  
Other long-term liabilities 6,018 7,388  
Total liabilities 21,046 20,929  
Equity:      
Common stock 47,776 49,394  
Additional paid-in capital 203,907 202,290  
Accumulated earnings (deficit) 1,973 (9,247)  
Accumulated other comprehensive income (loss) (20,923) (19,681)  
Due from ION Geophysical Corporation (79,296) (78,764)  
Total stockholders’ equity 153,437 143,992  
Noncontrolling interest 1,303 1,239  
Total equity 154,740 145,231  
Total liabilities and equity 175,786 166,160  
Consolidating Adjustments      
Current assets:      
Cash and cash equivalents 0 0  
Accounts receivable, net 0 0  
Unbilled receivables 0 0  
Inventories 0 0  
Prepaid expenses and other current assets 0 0  
Total current assets 0 0  
Deferred income tax asset 0 0  
Property, plant, equipment and seismic rental equipment, net 0 0  
Multi-client data library, net 0 0  
Investment in subsidiaries (1,073,943) (1,074,979)  
Goodwill 0 0  
Intercompany receivables (337,697) (281,777)  
Other assets 0 0  
Total assets (1,411,640) (1,356,756)  
Current liabilities:      
Current maturities of long-term debt 0 0  
Accounts payable 0 0  
Accrued expenses 0 0  
Accrued multi-client data library royalties 0 0  
Deferred revenue 0 0  
Total current liabilities 0 0  
Long-term debt, net of current maturities 0 0  
Intercompany payables (678,114) (596,783)  
Other long-term liabilities 0 0  
Total liabilities (678,114) (596,783)  
Equity:      
Common stock (338,236) (339,854)  
Additional paid-in capital (384,607) (382,991)  
Accumulated earnings (deficit) (367,698) (367,443)  
Accumulated other comprehensive income (loss) 16,599 15,309  
Due from ION Geophysical Corporation 340,416 315,006  
Total stockholders’ equity (733,526) (759,973)  
Noncontrolling interest 0 0  
Total equity (733,526) (759,973)  
Total liabilities and equity $ (1,411,640) $ (1,356,756)