Supplemental Guarantors Consolidating Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Supplemental Guarantors Consolidating Condensed Financial Information [Abstract]

Schedule of Condensed Balance Sheet

CONSOLIDATING CONDENSED BALANCE SHEET

As of December 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
ASSETS
Cash and cash equivalents	$	—		$	43,380		$	27,201		$	—		$	70,581
Receivables
Trade, net	—			19,183			4,147			—			23,330
Notes and other	2,357			151			109			—			2,617
Due from Seitel Holdings, Inc.	—			1,191			—			—			1,191
Intercompany receivables (payables)	(75,641		)	73,244			2,397			—			—
Investment in subsidiaries	411,423			425,736			702			(837,861		)	—
Net seismic data library	—			57,703			16,839			—			74,542
Net property and equipment	—			593			1,006			—			1,599
Prepaid expenses, deferred charges and other	31			1,164			647			—			1,842
Intangible assets, net	900			—			—			—			900
Goodwill	—			107,688			79,555			—			187,243
Deferred income taxes	—			51			152			—			203
TOTAL ASSETS	$	339,070		$	730,084		$	132,755		$	(837,861	)	$	364,048
LIABILITIES AND STOCKHOLDER’S EQUITY
LIABILITIES
Accounts payable and accrued liabilities	$	5,007		$	9,421		$	5,770		$	—		$	20,198
Income taxes payable	—			12			2,765			—			2,777
Senior Notes	248,142			—			—			—			248,142
Obligations under capital leases	—			—			1,363			—			1,363
Deferred revenue	—			11,568			1,527			—			13,095
Deferred income taxes	—			—			1,359			—			1,359
TOTAL LIABILITIES	253,149			21,001			12,784			—			286,934
STOCKHOLDER’S EQUITY
Common stock	—			—			—			—			—
Additional paid-in capital	400,592			—			—			—			400,592
Parent investment	—			764,105			156,782			(920,887		)	—
Retained deficit	(314,671		)	(55,022		)	(27,652		)	82,674			(314,671		)
Accumulated other comprehensive loss	—			—			(9,159		)	352			(8,807		)
TOTAL STOCKHOLDER’S EQUITY	85,921			709,083			119,971			(837,861		)	77,114
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY	$	339,070		$	730,084		$	132,755		$	(837,861	)	$	364,048

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 Statement of Income

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Year Ended December 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	62,231		$	29,856	$	(1,837	)	$	90,250
EXPENSES:
Depreciation and amortization	—			59,263			18,244		(25		)	77,482
Cost of sales	—			639			6		(549		)	96
Selling, general and administrative	595			16,232			4,752		(1,288		)	20,291
	595			76,134			23,002		(1,862		)	97,869
INCOME (LOSS) FROM OPERATIONS	(595		)	(13,903		)	6,854		25			(7,619		)
Interest income (expense), net	(24,166		)	(599		)	113		—			(24,652		)
Foreign currency exchange gains (losses)	—			(1		)	9		—			8
Other income	—			—			97		—			97
Income (loss) before income taxes and equity in income (loss) of subsidiaries	(24,761		)	(14,503		)	7,073		25			(32,166		)
Provision (benefit) for income taxes	(2,357		)	67			1,605		—			(685		)
Equity in income (loss) of subsidiaries	(9,077		)	5,468			—		3,609			—
NET INCOME (LOSS)	$	(31,481	)	$	(9,102	)	$	5,468	$	3,634		$	(31,481	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Year Ended December 31, 2017

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations		Consolidated Total
Net income (loss)	$	(31,481	)	$	(9,102	)	$	5,468	$	3,634	$	(31,481	)
Foreign currency translation adjustments	—			—			7,415		111		7,526
Comprehensive income (loss)	$	(31,481	)	$	(9,102	)	$	12,883	$	3,745	$	(23,955	)

CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS

For the Year Ended December 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidating Eliminations			Consolidated Total
REVENUE	$	—		$	73,667		$	22,261		$	(1,382	)	$	94,546
EXPENSES:
Depreciation and amortization	—			55,934			19,194			(50		)	75,078
Cost of sales	—			112			14			(50		)	76
Selling, general and administrative	1,078			17,590			6,783			(1,332		)	24,119
	1,078			73,636			25,991			(1,432		)	99,273
INCOME (LOSS) FROM OPERATIONS	(1,078		)	31			(3,730		)	50			(4,727		)
Interest expense, net	(22,910		)	(2,043		)	(14		)	—			(24,967		)
Foreign currency exchange gains	—			—			109			—			109
Other income	—			587			1,178			—			1,765
Loss before income taxes and equity in income (loss) of subsidiaries	(23,988		)	(1,425		)	(2,457		)	50			(27,820		)
Provision (benefit) for income taxes	—			43			(3,439		)	—			(3,396		)
Equity in income (loss) of subsidiaries	(436		)	982			—			(546		)	—
NET INCOME (LOSS)	$	(24,424	)	$	(486	)	$	982		$	(496	)	$	(24,424	)

CONSOLIDATING CONDENSED STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For the Year Ended December 31, 2016

(In thousands)

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Consolidating Eliminations			Consolidated Total
Net income (loss)	$	(24,424	)	$	(486	)	$	982	$	(496	)	$	(24,424	)
Foreign currency translation adjustments	—			—			3,105		85			3,190
Comprehensive income (loss)	$	(24,424	)	$	(486	)	$	4,087	$	(411	)	$	(21,234	)

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	)

Schedule of Condensed Cash Flow Statement

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Year Ended December 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	$	(24,355	)	$	38,037		$	26,672		$	—	$	40,354
Cash flows from investing activities:
Cash invested in seismic data	—			(17,835		)	(8,335		)	—		(26,170		)
Cash paid to acquire property and equipment	—			(423		)	(111		)	—		(534		)
Cash from sale of seismic data and property and equipment	—			—			182			—		182
Advances to Seitel Holdings, Inc.	—			(14		)	—			—		(14		)
Net cash used in investing activities	—			(18,272		)	(8,264		)	—		(26,536		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(244		)	—		(244		)
Intercompany transfers	24,355			(24,355		)	—			—		—
Net cash provided by (used in) financing activities	24,355			(24,355		)	(244		)	—		(244		)
Effect of exchange rate changes	—			(1		)	1,011			—		1,010
Net increase (decrease) in cash and cash equivalents	—			(4,591		)	19,175			—		14,584
Cash and cash equivalents at beginning of period	—			47,971			8,026			—		55,997
Cash and cash equivalents at end of period	$	—		$	43,380		$	27,201		$	—	$	70,581

CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS

For the Year Ended December 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	$	(24,625	)	$	44,564		$	10,604		$	—	$	30,543
Cash flows from investing activities:
Cash invested in seismic data	—			(24,581		)	(2,081		)	—		(26,662		)
Cash paid to acquire property and equipment	—			(274		)	(30		)	—		(304		)
Cash from sale of property and equipment	—			17			1			—		18
Advances to Seitel Holdings, Inc.	—			(21		)	—			—		(21		)
Net cash used in investing activities	—			(24,859		)	(2,110		)	—		(26,969		)
Cash flows from financing activities:
Principal payments on capital lease obligations	—			—			(205		)	—		(205		)
Intercompany transfers	24,625			(22,926		)	(1,699		)	—		—
Net cash provided by (used in) financing activities	24,625			(22,926		)	(1,904		)	—		(205		)
Effect of exchange rate changes	—			—			(47		)	—		(47		)
Net increase (decrease) in cash and cash equivalents	—			(3,221		)	6,543			—		3,322
Cash and cash equivalents at beginning of period	—			51,192			1,483			—		52,675
Cash and cash equivalents at end of period	$	—		$	47,971		$	8,026		$	—	$	55,997

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 and equipment	—			(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