Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONSOLIDATING CONDENSED BALANCE SHEET

As of September 30, 2015

(In thousands)

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	62,085	$	1,889		$	—		$	63,974
Receivables
Trade, net	—			16,893		1,431			—			18,324
Notes and other	—			1		1,481			—			1,482
Due from Seitel Holdings, Inc.	—			1,153		—			—			1,153
Intercompany receivables (payables)	(2,003		)	4,306		(2,303		)	—			—
Investment in subsidiaries	494,773			423,130		662			(918,565		)	—
Net seismic data library	—			121,641		41,606			(86		)	163,161
Net property and equipment	—			1,481		1,467			—			2,948
Prepaid expenses, deferred charges and other	4,965			2,512		448			—			7,925
Intangible assets, net	900			4,416		1,282			—			6,598
Goodwill	—			107,688		74,508			—			182,196
Deferred income taxes	—			86,607		—			—			86,607
TOTAL ASSETS	$	498,635		$	831,913	$	122,471		$	(918,651	)	$	534,368
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	10,947		$	20,006	$	4,944		$	—		$	35,897
Income taxes payable	—			—		125			—			125
Senior Notes	250,000			—		—			—			250,000
Obligations under capital leases	—			—		1,765			—			1,765
Deferred revenue	—			18,808		2,442			—			21,250
Deferred income taxes	—			—		3,672			—			3,672
TOTAL LIABILITIES	260,947			38,814		12,948			—			312,709
STOCKHOLDER’S EQUITY
Common stock	—			—		—			—			—
Additional paid-in capital	400,441			—		—			—			400,441
Parent investment	—			764,105		156,259			(920,364		)	—
Retained earnings (deficit)	(162,753		)	28,994		(30,554		)	1,560			(162,753		)
Accumulated other comprehensive loss	—			—		(16,182		)	153			(16,029		)
TOTAL STOCKHOLDER’S EQUITY	237,688			793,099		109,523			(918,651		)	221,659
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	498,635		$	831,913	$	122,471		$	(918,651	)	$	534,368

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2014

(In thousands)

	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	48,525	$	10,650		$	—		$	59,175
Receivables
Trade, net	—			41,386		11,864			—			53,250
Notes and other	—			29		1,669			—			1,698
Due from Seitel Holdings, Inc.	—			1,143		—			—			1,143
Intercompany receivables (payables)	2,803			13,666		(16,469		)	—			—
Investment in subsidiaries	497,151			427,481		692			(925,324		)	—
Net seismic data library	—			113,930		51,290			(141		)	165,079
Net property and equipment	—			1,848		2,009			—			3,857
Prepaid expenses, deferred charges and other	5,751			3,994		330			—			10,075
Intangible assets, net	900			6,826		2,287			—			10,013
Goodwill	—			107,688		86,034			—			193,722
Deferred income taxes	—			81,744		—			—			81,744
TOTAL ASSETS	$	506,605		$	848,260	$	150,356		$	(925,465	)	$	579,756
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,007		$	22,841	$	6,552		$	—		$	34,400
Income taxes payable	197			—		—			—			197
Senior Notes	250,000			—		—			—			250,000
Obligations under capital leases	—			18		2,201			—			2,219
Deferred revenue	—			29,822		4,695			—			34,517
Deferred income taxes	—			—		5,334			—			5,334
TOTAL LIABILITIES	255,204			52,681		18,782			—			326,667
STOCKHOLDER’S EQUITY
Common stock	—			—		—			—			—
Additional paid-in capital	400,177			—		—			—			400,177
Parent investment	—			764,105		156,152			(920,257		)	—
Retained earnings (deficit)	(148,776		)	31,474		(26,248		)	(5,226		)	(148,776		)
Accumulated other comprehensive income	—			—		1,670			18			1,688
TOTAL STOCKHOLDER’S EQUITY	251,401			795,579		131,574			(925,465		)	253,089
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	506,605		$	848,260	$	150,356		$	(925,465	)	$	579,756

Schedule of Condensed Income Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	28,145		$	3,427		$	(330	)	$	31,242
EXPENSES:
Depreciation and amortization	—			18,754			5,885			(12		)	24,627
Cost of sales	—			22			15			—			37
Selling, general and administrative	232			3,833			1,558			(330		)	5,293
	232			22,609			7,458			(342		)	29,957
INCOME (LOSS) FROM OPERATIONS	(232		)	5,536			(4,031		)	12			1,285
Interest expense, net	(5,563		)	(714		)	(104		)	—			(6,381		)
Foreign currency exchange losses	—			—			(138		)	—			(138		)
Income (loss) before income taxes and equity in loss of subsidiaries	(5,795		)	4,822			(4,273		)	12			(5,234		)
Provision (benefit) for income taxes	(1,937		)	1,820			(1,062		)	—			(1,179		)
Equity in loss of subsidiaries	(197		)	(3,211		)	—			3,408			—
NET LOSS	$	(4,055	)	$	(209	)	$	(3,211	)	$	3,420		$	(4,055	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE LOSS

For the Three Months Ended September 30, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(4,055	)	$	(209	)	$	(3,211	)	$	3,420	$	(4,055	)
Foreign currency translation adjustments	—			—			(8,262		)	7		(8,255		)
Comprehensive loss	$	(4,055	)	$	(209	)	$	(11,473	)	$	3,427	$	(12,310	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2014

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	35,200		$	6,445		$	(346	)	$	41,299
EXPENSES:
Depreciation and amortization	—			12,076			6,248			(15		)	18,309
Cost of sales	—			26			3			—			29
Selling, general and administrative	284			4,942			2,301			(346		)	7,181
	284			17,044			8,552			(361		)	25,519
INCOME (LOSS) FROM OPERATIONS	(284		)	18,156			(2,107		)	15			15,780
Interest expense, net	(6,214		)	149			(241		)	—			(6,306		)
Foreign currency exchange losses	—			—			(901		)	—			(901		)
Other income	—			—			5			—			5
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(6,498		)	18,305			(3,244		)	15			8,578
Provision (benefit) for income taxes	(2,497		)	7,332			(743		)	—			4,092
Equity in income (loss) of subsidiaries	8,487			(2,501		)	—			(5,986		)	—
NET INCOME (LOSS)	$	4,486		$	8,472		$	(2,501	)	$	(5,971	)	$	4,486

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended September 30, 2014

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income (loss)	$	4,486	$	8,472	$	(2,501	)	$	(5,971	)	$	4,486
Foreign currency translation adjustments	—		—		(6,891		)	9			(6,882		)
Comprehensive income (loss)	$	4,486	$	8,472	$	(9,392	)	$	(5,962	)	$	(2,396	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	61,413		$	25,868		$	(991	)	$	86,290
EXPENSES:
Depreciation and amortization	—			44,180			23,972			(38		)	68,114
Cost of sales	—			109			55			—			164
Selling, general and administrative	807			11,933			5,401			(991		)	17,150
	807			56,222			29,428			(1,029		)	85,428
INCOME (LOSS) FROM OPERATIONS	(807		)	5,191			(3,560		)	38			862
Interest expense, net	(16,597		)	(2,125		)	(298		)	—			(19,020		)
Foreign currency exchange losses	—			(3		)	(1,556		)	—			(1,559		)
Other income	—			5			—			—			5
Income (loss) before income taxes and equity in loss of subsidiaries	(17,404		)	3,068			(5,414		)	38			(19,712		)
Provision (benefit) for income taxes	(5,869		)	1,242			(1,108		)	—			(5,735		)
Equity in loss of subsidiaries	(2,442		)	(4,306		)	—			6,748			—
NET LOSS	$	(13,977	)	$	(2,480	)	$	(4,306	)	$	6,786		$	(13,977	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE LOSS

For the Nine Months Ended September 30, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(13,977	)	$	(2,480	)	$	(4,306	)	$	6,786	$	(13,977	)
Foreign currency translation adjustments	—			—			(17,852		)	135		(17,717		)
Comprehensive loss	$	(13,977	)	$	(2,480	)	$	(22,158	)	$	6,921	$	(31,694	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2014

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	112,072		$	34,650		$	(1,036	)	$	145,686
EXPENSES:
Depreciation and amortization	—			55,636			30,347			(45		)	85,938
Cost of sales	—			266			16			—			282
Selling, general and administrative	891			14,231			7,413			(1,036		)	21,499
	891			70,133			37,776			(1,081		)	107,719
INCOME (LOSS) FROM OPERATIONS	(891		)	41,939			(3,126		)	45			37,967
Interest expense, net	(16,803		)	(891		)	(1,030		)	—			(18,724		)
Foreign currency exchange gains (losses)	—			3			(1,347		)	—			(1,344		)
Other income (loss)	(14		)	73			5			—			64
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(17,708		)	41,124			(5,498		)	45			17,963
Provision (benefit) for income taxes	(6,957		)	17,173			(1,206		)	—			9,010
Equity in income (loss) of subsidiaries	19,704			(4,292		)	—			(15,412		)	—
NET INCOME (LOSS)	$	8,953		$	19,659		$	(4,292	)	$	(15,367	)	$	8,953

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Nine Months Ended September 30, 2014

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income (loss)	$	8,953	$	19,659	$	(4,292	)	$	(15,367	)	$	8,953
Foreign currency translation adjustments	—		—		(7,468		)	10			(7,458		)
Comprehensive income (loss)	$	8,953	$	19,659	$	(11,760	)	$	(15,357	)	$	1,495

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2015

(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	$	(12,797	)	$	64,937		$	15,589		$	—	$	67,729
Cash flows from investing activities:
Cash invested in seismic data	—			(49,153		)	(12,065		)	—		(61,218		)
Cash paid to acquire property, equipment and other	—			(396		)	(10		)	—		(406		)
Advances to Seitel Holdings, Inc.	—			(10		)	—			—		(10		)
Net cash used in investing activities	—			(49,559		)	(12,075		)	—		(61,634		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			(18		)	(150		)	—		(168		)
Intercompany transfers	12,797			(1,797		)	(11,000		)	—		—
Net cash provided by (used in) financing activities	12,797			(1,815		)	(11,150		)	—		(168		)
Effect of exchange rate changes	—			(3		)	(1,125		)	—		(1,128		)
Net increase (decrease) in cash and cash equivalents	—			13,560			(8,761		)	—		4,799
Cash and cash equivalents at beginning of period	—			48,525			10,650			—		59,175
Cash and cash equivalents at end of period	$	—		$	62,085		$	1,889		$	—	$	63,974

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 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	$	(12,485	)	$	73,248		$	38,587		$	—	$	99,350
Cash flows from investing activities:
Cash invested in seismic data	—			(52,935		)	(19,337		)	—		(72,272		)
Cash paid to acquire property, equipment and other	—			(1,273		)	(131		)	—		(1,404		)
Advances to Seitel Holdings, Inc.	—			(10		)	—			—		(10		)
Net cash used in investing activities	—			(54,218		)	(19,468		)	—		(73,686		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			(24		)	(163		)	—		(187		)
Intercompany transfers	12,485			3,515			(16,000		)	—		—
Net cash provided by (used in) financing activities	12,485			3,491			(16,163		)	—		(187		)
Effect of exchange rate changes	—			3			(252		)	—		(249		)
Net increase in cash and cash equivalents	—			22,524			2,704			—		25,228
Cash and cash equivalents at beginning of period	—			24,859			6,494			—		31,353
Cash and cash equivalents at end of period	$	—		$	47,383		$	9,198		$	—	$	56,581