XML 67 R56.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidating Financial Information - Condensed Balance Sheet (Details)
$ in Thousands, € in Millions
Jun. 30, 2016
EUR (€)
Jun. 30, 2016
USD ($)
Dec. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Current assets:          
Cash and cash equivalents   $ 52,433 $ 84,933 $ 117,060 $ 173,608
Accounts receivable, net   20,094 44,365    
Unbilled receivables   22,011 19,937    
Inventories   34,377 32,721    
Prepaid expenses and other current assets   17,461 14,807    
Total current assets   146,376 196,763    
Property, plant, equipment and seismic rental equipment, net   58,412 72,027    
Multi-client data library, net   118,547 132,237    
Investment in subsidiaries   0 0    
Goodwill € 15.7 24,025 26,274    
Intangible assets, net   3,947 4,810    
Intercompany receivables   0 0    
Other assets   2,514 2,977    
Total assets   353,821 435,088    
Current liabilities:          
Current maturities of long-term debt   20,371 7,912    
Accounts payable   26,969 29,799    
Accrued expenses   27,284 34,287    
Accrued multi-client data library royalties   23,473 25,045    
Deferred revenue   7,666 6,560    
Total current liabilities   105,763 103,603    
Long-term debt, net of current maturities   145,130 175,080    
Intercompany payables   0 0    
Other long-term liabilities   44,051 44,365    
Total liabilities   294,944 323,048    
Stockholders’ equity:          
Common stock   118 107    
Additional paid-in capital   897,476 894,715    
Accumulated earnings (deficit)   (819,887) (759,531)    
Accumulated other comprehensive income (loss)   (18,980) (14,781)    
Due from ION Geophysical Corporation   0 0    
Treasury stock   0 (8,551)    
Total stockholders' equity   58,727 111,959    
Noncontrolling interests   150 81    
Total equity   58,877 112,040    
Total liabilities and equity   353,821 435,088    
Reportable Legal Entities [Member] | ION Geophysical Corporation [Member]          
Current assets:          
Cash and cash equivalents   25,983 33,734 60,097 109,514
Accounts receivable, net   2,479 0    
Unbilled receivables   0 0    
Inventories   0 0    
Prepaid expenses and other current assets   3,699 5,435    
Total current assets   32,161 39,169    
Property, plant, equipment and seismic rental equipment, net   2,617 4,521    
Multi-client data library, net   0 0    
Investment in subsidiaries   648,831 680,508    
Goodwill   0 0    
Intangible assets, net   0 0    
Intercompany receivables   303,615 75,641    
Other assets   2,135 1,724    
Total assets   989,359 801,563    
Current liabilities:          
Current maturities of long-term debt   15,053 486    
Accounts payable   4,567 2,086    
Accrued expenses   9,092 11,199    
Accrued multi-client data library royalties   0 0    
Deferred revenue   0 0    
Total current liabilities   28,712 13,771    
Long-term debt, net of current maturities   143,748 171,672    
Intercompany payables   757,674 503,621    
Other long-term liabilities   498 540    
Total liabilities   930,632 689,604    
Stockholders’ equity:          
Common stock   118 107    
Additional paid-in capital   897,476 894,715    
Accumulated earnings (deficit)   (819,887) (759,531)    
Accumulated other comprehensive income (loss)   (18,980) (14,781)    
Due from ION Geophysical Corporation   0 0    
Treasury stock     (8,551)    
Total stockholders' equity   58,727 111,959    
Noncontrolling interests   0 0    
Total equity   58,727 111,959    
Total liabilities and equity   989,359 801,563    
Reportable Legal Entities [Member] | The Guarantors [Member]          
Current assets:          
Cash and cash equivalents   0 0 0 0
Accounts receivable, net   7,295 35,133    
Unbilled receivables   16,766 19,046    
Inventories   10,210 10,939    
Prepaid expenses and other current assets   994 1,458    
Total current assets   35,265 66,576    
Property, plant, equipment and seismic rental equipment, net   15,616 21,072    
Multi-client data library, net   107,922 120,550    
Investment in subsidiaries   241,166 243,319    
Goodwill   0 0    
Intangible assets, net   3,766 4,523    
Intercompany receivables   0 0    
Other assets   145 146    
Total assets   403,880 456,186    
Current liabilities:          
Current maturities of long-term debt   4,896 6,856    
Accounts payable   12,358 19,839    
Accrued expenses   10,223 16,200    
Accrued multi-client data library royalties   23,435 25,045    
Deferred revenue   6,026 5,071    
Total current liabilities   56,938 73,011    
Long-term debt, net of current maturities   1,382 3,408    
Intercompany payables   128,422 68,286    
Other long-term liabilities   33,639 33,305    
Total liabilities   220,381 178,010    
Stockholders’ equity:          
Common stock   290,460 290,460    
Additional paid-in capital   180,700 180,700    
Accumulated earnings (deficit)   202,061 231,208    
Accumulated other comprehensive income (loss)   4,420 4,420    
Due from ION Geophysical Corporation   (494,142) (428,612)    
Treasury stock     0    
Total stockholders' equity   183,499 278,176    
Noncontrolling interests   0 0    
Total equity   183,499 278,176    
Total liabilities and equity   403,880 456,186    
Reportable Legal Entities [Member] | All Other Subsidiaries [Member]          
Current assets:          
Cash and cash equivalents   26,450 51,199 $ 56,963 $ 64,094
Accounts receivable, net   10,320 9,232    
Unbilled receivables   5,245 891    
Inventories   24,167 21,782    
Prepaid expenses and other current assets   12,768 7,914    
Total current assets   78,950 91,018    
Property, plant, equipment and seismic rental equipment, net   40,179 46,434    
Multi-client data library, net   10,625 11,687    
Investment in subsidiaries   0 0    
Goodwill   24,025 26,274    
Intangible assets, net   181 287    
Intercompany receivables   0 0    
Other assets   234 1,107    
Total assets   154,194 176,807    
Current liabilities:          
Current maturities of long-term debt   422 570    
Accounts payable   10,044 7,874    
Accrued expenses   7,969 6,888    
Accrued multi-client data library royalties   38 0    
Deferred revenue   1,640 1,489    
Total current liabilities   20,113 16,821    
Long-term debt, net of current maturities   0 0    
Intercompany payables   175,193 7,355    
Other long-term liabilities   9,914 10,520    
Total liabilities   205,220 34,696    
Stockholders’ equity:          
Common stock   19,138 19,138    
Additional paid-in capital   232,590 234,234    
Accumulated earnings (deficit)   (20,569) (21,729)    
Accumulated other comprehensive income (loss)   (18,803) (14,604)    
Due from ION Geophysical Corporation   (263,532) (75,009)    
Treasury stock     0    
Total stockholders' equity   (51,176) 142,030    
Noncontrolling interests   150 81    
Total equity   (51,026) 142,111    
Total liabilities and equity   154,194 176,807    
Consolidation, Eliminations [Member]          
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    
Property, plant, equipment and seismic rental equipment, net   0 0    
Multi-client data library, net   0 0    
Investment in subsidiaries   (889,997) (923,827)    
Goodwill   0 0    
Intangible assets, net   0 0    
Intercompany receivables   (303,615) (75,641)    
Other assets   0 0    
Total assets   (1,193,612) (999,468)    
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   (1,061,289) (579,262)    
Other long-term liabilities   0 0    
Total liabilities   (1,061,289) (579,262)    
Stockholders’ equity:          
Common stock   (309,598) (309,598)    
Additional paid-in capital   (413,290) (414,934)    
Accumulated earnings (deficit)   (181,492) (209,479)    
Accumulated other comprehensive income (loss)   14,383 10,184    
Due from ION Geophysical Corporation   757,674 503,621    
Treasury stock     0    
Total stockholders' equity   (132,323) (420,206)    
Noncontrolling interests   0 0    
Total equity   (132,323) (420,206)    
Total liabilities and equity   $ (1,193,612) $ (999,468)