Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet [Table Text Block]

CONSOLIDATING CONDENSED BALANCE SHEET

As of March 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	52,421		$	11,830		$	—		$	64,251
Receivables
Trade, net	—			14,975			9,171			—			24,146
Notes and other	—			38			53			—			91
Due from Seitel Holdings, Inc.	—			1,180			—			—			1,180
Intercompany receivables (payables)	(51,768		)	51,612			156			—			—
Investment in subsidiaries	412,923			420,031			870			(833,824		)	—
Net seismic data library	—			83,772			21,402			(12		)	105,162
Net property and equipment	—			579			1,080			—			1,659
Prepaid expenses, deferred charges and other	69			1,678			332			—			2,079
Intangible assets, net	900			—			—			—			900
Goodwill	—			107,688			74,911			—			182,599
Deferred income taxes	—			95			197			—			292
TOTAL ASSETS	$	362,124		$	734,069		$	120,002		$	(833,836	)	$	382,359
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	10,946		$	7,679		$	6,161		$	—		$	24,786
Income taxes payable	—			24			690			—			714
Senior Notes	247,167			—			—			—			247,167
Obligations under capital leases	—			—			1,469			—			1,469
Deferred revenue	—			15,576			2,502			—			18,078
Deferred income taxes	—			—			1,645			—			1,645
TOTAL LIABILITIES	258,113			23,279			12,467			—			293,859
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,580			—			—			—			400,580
Parent investment	—			764,105			156,643			(920,748		)	—
Retained deficit	(296,569		)	(53,315		)	(33,245		)	86,560			(296,569		)
Accumulated other comprehensive loss	—			—			(15,863		)	352			(15,511		)
TOTAL STOCKHOLDER’S EQUITY	104,011			710,790			107,535			(833,836		)	88,500
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	362,124		$	734,069		$	120,002		$	(833,836	)	$	382,359

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	47,971		$	8,026		$	—		$	55,997
Receivables
Trade, net	—			14,819			9,662			—			24,481
Notes and other	—			412			24			—			436
Due from Seitel Holdings, Inc.	—			1,177			—			—			1,177
Intercompany receivables (payables)	(51,982		)	51,262			720			—			—
Investment in subsidiaries	420,308			420,456			630			(841,394		)	—
Net seismic data library	—			94,039			21,907			(24		)	115,922
Net property and equipment	—			611			1,098			—			1,709
Prepaid expenses, deferred charges and other	30			1,413			319			—			1,762
Intangible assets, net	900			402			116			—			1,418
Goodwill	—			107,688			74,324			—			182,012
Deferred income taxes	—			92			165			—			257
TOTAL ASSETS	$	369,256		$	740,342		$	116,991		$	(841,418	)	$	385,171
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,007		$	8,559		$	3,441		$	—		$	17,007
Income taxes payable	—			24			596			—			620
Senior Notes	246,857			—			—			—			246,857
Obligations under capital leases	—			—			1,510			—			1,510
Deferred revenue	—			13,574			2,330			—			15,904
Deferred income taxes	—			—			2,214			—			2,214
TOTAL LIABILITIES	251,864			22,157			10,091			—			284,112
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,582			—			—			—			400,582
Parent investment	—			764,105			156,594			(920,699		)	—
Retained deficit	(283,190		)	(45,920		)	(33,120		)	79,040			(283,190		)
Accumulated other comprehensive loss	—			—			(16,574		)	241			(16,333		)
TOTAL STOCKHOLDER’S EQUITY	117,392			718,185			106,900			(841,418		)	101,059
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	369,256		$	740,342		$	116,991		$	(841,418	)	$	385,171

Schedule of Condensed Income Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended March 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	13,802		$	7,134		$	(341	)	$	20,595
EXPENSES:
Depreciation and amortization	—			16,116			6,160			(13		)	22,263
Cost of sales	—			10			14			(14		)	10
Selling, general and administrative	123			4,627			1,223			(327		)	5,646
	123			20,753			7,397			(354		)	27,919
LOSS FROM OPERATIONS	(123		)	(6,951		)	(263		)	13			(7,324		)
Interest expense, net	(5,874		)	(321		)	(15		)	—			(6,210		)
Foreign currency exchange losses	—			—			(51		)	—			(51		)
Loss before income taxes and equity in loss of subsidiaries	(5,997		)	(7,272		)	(329		)	13			(13,585		)
Benefit for income taxes	—			(2		)	(204		)	—			(206		)
Equity in loss of subsidiaries	(7,382		)	(125		)	—			7,507			—
NET LOSS	$	(13,379	)	$	(7,395	)	$	(125	)	$	7,520		$	(13,379	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(13,379	)	$	(7,395	)	$	(125	)	$	7,520	$	(13,379	)
Foreign currency translation adjustments	—			—			711			111		822
Comprehensive income (loss)	$	(13,379	)	$	(7,395	)	$	586		$	7,631	$	(12,557	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Three Months Ended March 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	10,474		$	1,819		$	(343	)	$	11,950
EXPENSES:
Depreciation and amortization	—			8,910			6,204			(13		)	15,101
Cost of sales	—			15			7			—			22
Selling, general and administrative	213			4,087			1,987			(328		)	5,959
	213			13,012			8,198			(341		)	21,082
LOSS FROM OPERATIONS	(213		)	(2,538		)	(6,379		)	(2		)	(9,132		)
Interest expense, net	(5,656		)	(607		)	(93		)	—			(6,356		)
Foreign currency exchange gains	—			—			173			—			173
Other income	—			6			—			—			6
Loss before income taxes and equity in loss of subsidiaries	(5,869		)	(3,139		)	(6,299		)	(2		)	(15,309		)
Benefit for income taxes	—			(27		)	(1,418		)	—			(1,445		)
Equity in loss of subsidiaries	(7,995		)	(4,881		)	—			12,876			—
NET LOSS	$	(13,864	)	$	(7,993	)	$	(4,881	)	$	12,874		$	(13,864	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations		Consolidated Total
Net loss	$	(13,864	)	$	(7,993	)	$	(4,881	)	$	12,874	$	(13,864	)
Foreign currency translation adjustments	—			—			6,661			83		6,744
Comprehensive income (loss)	$	(13,864	)	$	(7,993	)	$	1,780		$	12,957	$	(7,120	)

Schedule of Condensed Cash Flow Statement [Table Text Block]

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2017

(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	$	(215	)	$	8,513		$	5,836		$	—	$	14,134
Cash flows from investing activities:
Cash invested in seismic data	—			(3,747		)	(2,001		)	—		(5,748		)
Cash paid to acquire property and equipment	—			(98		)	(38		)	—		(136		)
Advances to Seitel Holdings, Inc.	—			(3		)	—			—		(3		)
Net cash used in investing activities	—			(3,848		)	(2,039		)	—		(5,887		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(53		)	—		(53		)
Intercompany transfers	215			(215		)	—			—		—
Net cash provided by (used in) financing activities	215			(215		)	(53		)	—		(53		)
Effect of exchange rate changes	—			—			60			—		60
Net increase in cash and cash equivalents	—			4,450			3,804			—		8,254
Cash and cash equivalents at beginning of period	—			47,971			8,026			—		55,997
Cash and cash equivalents at end of period	$	—		$	52,421		$	11,830		$	—	$	64,251

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2016

(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	$	(194	)	$	10,195		$	703		$	(15	)	$	10,689
Cash flows from investing activities:
Cash invested in seismic data	—			(5,915		)	(486		)	15			(6,386		)
Cash paid to acquire property and equipment	—			(75		)	—			—			(75		)
Cash from sale of property and equipment	—			14			—			—			14
Advances to Seitel Holdings, Inc.	—			(11		)	—			—			(11		)
Net cash used in investing activities	—			(5,987		)	(486		)	15			(6,458		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(48		)	—			(48		)
Intercompany transfers	194			(194		)	—			—			—
Net cash provided by (used in) financing activities	194			(194		)	(48		)	—			(48		)
Effect of exchange rate changes	—			—			177			—			177
Net increase in cash and cash equivalents	—			4,014			346			—			4,360
Cash and cash equivalents at beginning of period	—			51,192			1,483			—			52,675
Cash and cash equivalents at end of period	$	—		$	55,206		$	1,829		$	—		$	57,035