Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONSOLIDATING CONDENSED BALANCE SHEET

As of March 31, 2014

(In thousands)

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	26,253	$	6,893		$	—		$	33,146
Receivables
Trade, net	—			30,751		11,639			—			42,390
Notes and other, net	—			21		1,811			—			1,832
Due from Seitel Holdings, Inc.	—			1,133		—			—			1,133
Income tax refund	—			—		7,161			—			7,161
Intercompany receivables (payables)	16,531			14,219		(30,750		)	—			—
Investment in subsidiaries	480,640			432,437		615			(913,692		)	—
Net seismic data library	—			110,466		70,164			(192		)	180,438
Net property and equipment	—			2,040		2,204			—			4,244
Prepaid expenses, deferred charges and other	6,601			2,725		507			—			9,833
Intangible assets, net	900			9,235		3,247			—			13,382
Goodwill	—			107,688		90,303			—			197,991
Deferred income taxes	—			91,033		—			—			91,033
TOTAL ASSETS	$	504,672		$	828,001	$	163,794		$	(913,884	)	$	582,583
LIABILITIES AND STOCKHOLDER’S EQUITY
Accounts payable and accrued liabilities	$	10,945		$	18,323	$	8,891		$	—		$	38,159
Income taxes payable	470			891		745			—			2,106
Senior Notes	250,000			—		—			—			250,000
Obligations under capital leases	—			42		2,474			—			2,516
Deferred revenue	—			29,628		2,281			—			31,909
Deferred income taxes	—			—		6,398			—			6,398
TOTAL LIABILITIES	261,415			48,884		20,789			—			331,088
STOCKHOLDER’S EQUITY
Common stock	—			—		—			—			—
Additional paid-in capital	399,819			—		—			—			399,819
Parent investment	—			764,110		156,152			(920,262		)	—
Retained deficit	(156,562		)	15,007		(21,374		)	6,367			(156,562		)
Accumulated other comprehensive income	—			—		8,227			11			8,238
TOTAL STOCKHOLDER’S EQUITY	243,257			779,117		143,005			(913,884		)	251,495
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	504,672		$	828,001	$	163,794		$	(913,884	)	$	582,583

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2013

(In thousands)

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	24,859	$	6,494		$	—		$	31,353
Receivables
Trade, net	—			22,711		11,905			—			34,616
Notes and other, net	—			4		1,928			—			1,932
Due from Seitel Holdings, Inc.	—			1,130		—			—			1,130
Income tax refund	—			—		7,441			—			7,441
Intercompany receivables (payables)	15,416			14,719		(30,135		)	—			—
Investment in subsidiaries	473,191			433,709		1,335			(908,235		)	—
Net seismic data library	—			116,199		79,794			(215		)	195,778
Net property and equipment	—			2,244		2,367			—			4,611
Prepaid expenses, deferred charges and other	6,841			2,581		422			—			9,844
Intangible assets, net	900			10,038		3,824			—			14,762
Goodwill	—			107,688		93,847			—			201,535
Deferred income taxes	—			92,511		—			—			92,511
TOTAL ASSETS	$	496,348		$	828,393	$	179,222		$	(908,450	)	$	595,513
LIABILITIES AND STOCKHOLDER’S EQUITY
Accounts payable and accrued liabilities	$	5,008		$	16,636	$	16,133		$	—		$	37,777
Income taxes payable	153			634		—			—			787
Senior Notes	250,000			—		—			—			250,000
Obligations under capital leases	—			50		2,626			—			2,676
Deferred revenue	—			38,748		2,991			—			41,739
Deferred income taxes	—			—		7,578			—			7,578
TOTAL LIABILITIES	255,161			56,068		29,328			—			340,557
STOCKHOLDER’S EQUITY
Common stock	—			—		—			—			—
Additional paid-in capital	399,641			—		—			—			399,641
Parent investment	—			764,752		156,924			(921,676		)	—
Retained deficit	(158,454		)	7,573		(20,796		)	13,223			(158,454		)
Accumulated other comprehensive income	—			—		13,766			3			13,769
TOTAL STOCKHOLDER’S EQUITY	241,187			772,325		149,894			(908,450		)	254,956
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	496,348		$	828,393	$	179,222		$	(908,450	)	$	595,513

Schedule of Condensed Income Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF INCOME

For the Three Months Ended March 31, 2014

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	39,918		$	17,481		$	(346	)	$	57,053
EXPENSES:
Depreciation and amortization	—			24,137			13,736			(15		)	37,858
Cost of sales	—			114			12			—			126
Selling, general and administrative	311			4,771			2,689			(346		)	7,425
	311			29,022			16,437			(361		)	45,409
INCOME (LOSS) FROM OPERATIONS	(311		)	10,896			1,044			15			11,644
Interest expense, net	(5,232		)	(527		)	(448		)	—			(6,207		)
Foreign currency exchange gains (losses)	—			3			(1,277		)	—			(1,274		)
Other loss	(14		)	—			—			—			(14		)
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(5,557		)	10,372			(681		)	15			4,149
Provision (benefit) for income taxes	—			2,360			(103		)	—			2,257
Equity in income (loss) of subsidiaries	7,449			(578		)	—			(6,871		)	—
NET INCOME (LOSS)	$	1,892		$	7,434		$	(578	)	$	(6,856	)	$	1,892

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2014

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income (loss)	$	1,892	$	7,434	$	(578	)	$	(6,856	)	$	1,892
Foreign currency translation adjustments	—		—		(5,539		)	8			(5,531		)
Comprehensive income (loss)	$	1,892	$	7,434	$	(6,117	)	$	(6,848	)	$	(3,639	)

CONSOLIDATING CONDENSED STATEMENT OF INCOME

For the Three Months Ended March 31, 2013

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	33,120		$	18,575		$	(344	)	$	51,351
EXPENSES:
Depreciation and amortization	—			18,009			11,329			—			29,338
Cost of sales	—			38			1			—			39
Selling, general and administrative	285			4,463			2,983			(344		)	7,387
	285			22,510			14,313			(344		)	36,764
INCOME (LOSS) FROM OPERATIONS	(285		)	10,610			4,262			—			14,587
Interest expense, net	(7,831		)	(1,065		)	(419		)	—			(9,315		)
Foreign currency exchange losses	—			—			(647		)	—			(647		)
Loss on early extinguishment of debt	(1,504		)	—			—			—			(1,504		)
Other income	—			1			—			—			1
Income (loss) before income taxes and equity in income of subsidiaries	(9,620		)	9,546			3,196			—			3,122
Provision for income taxes	—			484			900			—			1,384
Equity in income of subsidiaries	11,358			2,296			—			(13,654		)	—
NET INCOME	$	1,738		$	11,358		$	2,296		$	(13,654	)	$	1,738

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2013

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income	$	1,738	$	11,358	$	2,296		$	(13,654	)	$	1,738
Foreign currency translation adjustments	—		—		(3,077		)	—			(3,077		)
Comprehensive income (loss)	$	1,738	$	11,358	$	(781	)	$	(13,654	)	$	(1,339	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2014

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(164	)	$	16,233		$	13,997		$	—	$	30,066
Cash flows from investing activities:
Cash invested in seismic data	—			(13,713		)	(13,358		)	—		(27,071		)
Cash paid to acquire property, equipment and other	—			(951		)	(32		)	—		(983		)
Advances to Seitel Holdings, Inc.	—			(3		)	—			—		(3		)
Net cash used in investing activities	—			(14,667		)	(13,390		)	—		(28,057		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			(8		)	(53		)	—		(61		)
Intercompany transfers	164			(164		)	—			—		—
Net cash provided by (used in) financing activities	164			(172		)	(53		)	—		(61		)
Effect of exchange rate changes	—			—			(155		)	—		(155		)
Net increase in cash and cash equivalents	—			1,394			399			—		1,793
Cash and cash equivalents at beginning of period	—			24,859			6,494			—		31,353
Cash and cash equivalents at end of period	$	—		$	26,253		$	6,893		$	—	$	33,146

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	(17,861	)	$	42,050		$	11,223		$	—	$	35,412
Cash flows from investing activities:
Cash invested in seismic data	—			(27,629		)	(12,503		)	—		(40,132		)
Cash paid to acquire property, equipment and other	—			(192		)	(144		)	—		(336		)
Advances to Seitel Holdings, Inc.	—			(246		)	—			—		(246		)
Net cash used in investing activities	—			(28,067		)	(12,647		)	—		(40,714		)
Cash flows from financing activities:
Issuance of 9½% Senior Notes	250,000			—			—			—		250,000
Repayment of 9.75% Senior Notes	(275,000		)	—			—			—		(275,000		)
Principal payments on notes payable	(17		)	—			—			—		(17		)
Principal payments on capital lease obligations	—			(8		)	(54		)	—		(62		)
Costs of debt transactions	(5,822		)	—			—			—		(5,822		)
Intercompany transfers	48,700			(49,200		)	500			—		—
Net cash provided by (used in) financing activities	17,861			(49,208		)	446			—		(30,901		)
Effect of exchange rate changes	—			—			(144		)	—		(144		)
Net decrease in cash and cash equivalents	—			(35,225		)	(1,122		)	—		(36,347		)
Cash and cash equivalents at beginning of period	—			60,533			1,358			—		61,891
Cash and cash equivalents at end of period	$	—		$	25,308		$	236		$	—	$	25,544