Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	51,192		$	1,483		$	—		$	52,675
Receivables
Trade, net	—			12,459			2,371			—			14,830
Notes and other	—			3			1,315			—			1,318
Due from Seitel Holdings, Inc.	—			1,156			—			—			1,156
Intercompany receivables (payables)	(29,144		)	31,537			(2,393		)	—			—
Investment in subsidiaries	420,547			419,499			692			(840,738		)	—
Net seismic data library	—			125,253			36,180			(70		)	161,363
Net property and equipment	—			1,273			1,330			—			2,603
Prepaid expenses, deferred charges and other	4,443			1,737			307			—			6,487
Intangible assets, net	900			3,613			1,015			—			5,528
Goodwill	—			107,688			72,104			—			179,792
Deferred income taxes	—			39			—			—			39
TOTAL ASSETS	$	396,746		$	755,449		$	114,404		$	(840,808	)	$	425,791
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,007		$	13,253		$	5,390		$	—		$	23,650
Senior Notes	250,000			—			—			—			250,000
Obligations under capital leases	—			—			1,661			—			1,661
Deferred revenue	—			23,525			2,378			—			25,903
Deferred income taxes	—			—			2,361			—			2,361
TOTAL LIABILITIES	255,007			36,778			11,790			—			303,575
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,505			—			—			—			400,505
Parent investment	—			764,105			156,395			(920,500		)	—
Retained deficit	(258,766		)	(45,434		)	(34,102		)	79,536			(258,766		)
Accumulated other comprehensive loss	—			—			(19,679		)	156			(19,523		)
TOTAL STOCKHOLDER’S EQUITY	141,739			718,671			102,614			(840,808		)	122,216
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	396,746		$	755,449		$	114,404		$	(840,808	)	$	425,791

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 Statement of Income

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Year Ended December 31, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	72,593		$	28,978		$	(1,319	)	$	100,252
EXPENSES:
Depreciation and amortization	—			51,455			29,517			(49		)	80,923
Cost of sales	—			123			72			—			195
Selling, general and administrative	1,016			15,362			7,125			(1,319		)	22,184
	1,016			66,940			36,714			(1,368		)	103,302
INCOME (LOSS) FROM OPERATIONS	(1,016		)	5,653			(7,736		)	49			(3,050		)
Interest expense, net	(22,845		)	(2,146		)	(399		)	—			(25,390		)
Foreign currency exchange losses	—			(3		)	(1,647		)	—			(1,650		)
Other income	—			5			—			—			5
Income (loss) before income taxes and equity in loss of subsidiaries	(23,861		)	3,509			(9,782		)	49			(30,085		)
Provision (benefit) for income taxes	9,270			72,563			(1,928		)	—			79,905
Equity in loss of subsidiaries	(76,859		)	(7,854		)	—			84,713			—
NET LOSS	$	(109,990	)	$	(76,908	)	$	(7,854	)	$	84,762		$	(109,990	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE LOSS

For the Year Ended December 31, 2015

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(109,990	)	$	(76,908	)	$	(7,854	)	$	84,762	$	(109,990	)
Foreign currency translation adjustments	—			—			(21,349		)	138		(21,211		)
Comprehensive loss	$	(109,990	)	$	(76,908	)	$	(29,203	)	$	84,900	$	(131,201	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Year Ended December 31, 2014

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	153,125		$	46,287		$	(1,375	)	$	198,037
EXPENSES:
Depreciation and amortization	—			80,835			40,246			(58		)	121,023
Cost of sales	—			284			20			—			304
Selling, general and administrative	2,130			19,304			9,740			(1,375		)	29,799
	2,130			100,423			50,006			(1,433		)	151,126
INCOME (LOSS) FROM OPERATIONS	(2,130		)	52,702			(3,719		)	58			46,911
Interest expense, net	(21,407		)	(2,360		)	(1,262		)	—			(25,029		)
Foreign currency exchange gains (losses)	—			3			(1,977		)	—			(1,974		)
Other income (loss)	(14		)	71			6			—			63
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(23,551		)	50,416			(6,952		)	58			19,971
Provision (benefit) for income taxes	(9,270		)	21,063			(1,500		)	—			10,293
Equity in income (loss) of subsidiaries	23,959			(5,452		)	—			(18,507		)	—
NET INCOME (LOSS)	$	9,678		$	23,901		$	(5,452	)	$	(18,449	)	$	9,678

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Year Ended December 31, 2014

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income (loss)	$	9,678	$	23,901	$	(5,452	)	$	(18,449	)	$	9,678
Foreign currency translation adjustments	—		—		(12,096		)	15			(12,081		)
Comprehensive income (loss)	$	9,678	$	23,901	$	(17,548	)	$	(18,434	)	$	(2,403	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Year Ended December 31, 2013

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	154,686		$	49,488		$	(1,300	)	$	202,874
EXPENSES:
Depreciation and amortization	—			86,426			35,203			(31		)	121,598
Cost of sales	—			471			4			—			475
Selling, general and administrative	1,587			16,701			8,983			(1,300		)	25,971
	1,587			103,598			44,190			(1,331		)	148,044
INCOME (LOSS) FROM OPERATIONS	(1,587		)	51,088			5,298			31			54,830
Interest expense, net	(23,194		)	(2,945		)	(1,712		)	—			(27,851		)
Foreign currency exchange losses	—			—			(2,222		)	—			(2,222		)
Loss on early extinguishment of debt	(1,504		)	—			—			—			(1,504		)
Other income	—			737			—			(249		)	488
Income (loss) before income taxes and equity in income of subsidiaries	(26,285		)	48,880			1,364			(218		)	23,741
Provision (benefit) for income taxes	—			(90,320		)	380			—			(89,940		)
Equity in income of subsidiaries	139,966			984			—			(140,950		)	—
NET INCOME	$	113,681		$	140,184		$	984		$	(141,168	)	$	113,681

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Year Ended December 31, 2013

(In thousands)

	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
Net income	$	113,681	$	140,184	$	984		$	(141,168	)	$	113,681
Foreign currency translation adjustments	—		—		(9,955		)	3			(9,952		)
Comprehensive income (loss)	$	113,681	$	140,184	$	(8,971	)	$	(141,165	)	$	103,729

Schedule of Condensed Cash Flow Statement

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Year Ended December 31, 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	$	(24,717	)	$	80,698		$	16,655		$	—	$	72,636
Cash flows from investing activities:
Cash invested in seismic data	—			(63,858		)	(13,423		)	—		(77,281		)
Cash paid to acquire property, equipment and other	—			(422		)	(10		)	—		(432		)
Advances to Seitel Holdings, Inc.	—			(13		)	—			—		(13		)
Net cash used in investing activities	—			(64,293		)	(13,433		)	—		(77,726		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			(18		)	(200		)	—		(218		)
Intercompany transfers	24,717			(13,717		)	(11,000		)	—		—
Net cash provided by (used in) financing activities	24,717			(13,735		)	(11,200		)	—		(218		)
Effect of exchange rate changes	—			(3		)	(1,189		)	—		(1,192		)
Net increase (decrease) in cash and cash equivalents	—			2,667			(9,167		)	—		(6,500		)
Cash and cash equivalents at beginning of period	—			48,525			10,650			—		59,175
Cash and cash equivalents at end of period	$	—		$	51,192		$	1,483		$	—	$	52,675

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Year Ended December 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	$	(25,125	)	$	103,252		$	46,218		$	—	$	124,345
Cash flows from investing activities:
Cash invested in seismic data	—			(68,714		)	(24,968		)	—		(93,682		)
Cash paid to acquire property, equipment and other	—			(1,705		)	(256		)	—		(1,961		)
Advances to Seitel Holdings, Inc.	—			(13		)	—			—		(13		)
Net cash used in investing activities	—			(70,432		)	(25,224		)	—		(95,656		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			(32		)	(217		)	—		(249		)
Intercompany transfers	25,125			(9,125		)	(16,000		)	—		—
Net cash provided by (used in) financing activities	25,125			(9,157		)	(16,217		)	—		(249		)
Effect of exchange rate changes	—			3			(621		)	—		(618		)
Net increase in cash and cash equivalents	—			23,666			4,156			—		27,822
Cash and cash equivalents at beginning of period	—			24,859			6,494			—		31,353
Cash and cash equivalents at end of period	$	—		$	48,525		$	10,650		$	—	$	59,175

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Year Ended December 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	$	(32,730	)	$	145,121		$	35,539		$	—	$	147,930
Cash flows from investing activities:
Cash invested in seismic data	—			(114,327		)	(30,230		)	—		(144,557		)
Cash paid to acquire property, equipment and other	—			(583		)	(353		)	—		(936		)
Cash from sale of property, equipment and other	—			61			—			—		61
Advances to Seitel Holdings, Inc.	—			(256		)	—			—		(256		)
Net cash used in investing activities	—			(115,105		)	(30,583		)	—		(145,688		)
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	(29		)	—			—			—		(29		)
Principal payments on capital lease obligations	—			(31		)	(217		)	—		(248		)
Debt transaction costs	(7,050		)	—			—			—		(7,050		)
Intercompany transfers	64,809			(65,659		)	850			—		—
Net cash provided by (used in) financing activities	32,730			(65,690		)	633			—		(32,327		)
Effect of exchange rate changes	—			—			(453		)	—		(453		)
Net increase (decrease) in cash and cash equivalents	—			(35,674		)	5,136			—		(30,538		)
Cash and cash equivalents at beginning of period	—			60,533			1,358			—		61,891
Cash and cash equivalents at end of period	$	—		$	24,859		$	6,494		$	—	$	31,353