|
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
|
Jun. 30, 2012
|
Dec. 31, 2011
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 59,575 |
$ 74,894 |
| Receivables |
|
|
| Trade, net of allowance for doubtful accounts of $1,243 and $1,043, respectively |
37,405 |
51,306 |
| Notes and other, net of allowance for doubtful accounts of $988 and $1,501, respectively |
4,405 |
4,322 |
| Due from Seitel Holdings, Inc. |
870 |
861 |
| Seismic data library, net of accumulated amortization of $816,718 and $751,980, respectively |
148,859 |
120,694 |
| Property and equipment, net of accumulated depreciation and amortization of $12,725 and $11,882, respectively |
5,245 |
5,039 |
| Investment in marketable securities |
0 |
262 |
| Prepaid expenses, deferred charges and other |
14,369 |
10,244 |
| Intangible assets, net of accumulated amortization of $32,360 and $29,378, respectively |
23,785 |
26,814 |
| Goodwill |
205,636 |
205,838 |
| Deferred income taxes |
56 |
56 |
| TOTAL ASSETS |
500,205 |
500,330 |
| LIABILITIES AND STOCKHOLDER'S EQUITY |
|
|
| Accounts payable and accrued liabilities |
41,647 |
60,550 |
| Income taxes payable |
2,176 |
1,464 |
| Debt |
|
|
| Senior Notes |
275,000 |
275,000 |
| Notes payable |
63 |
95 |
| Obligations under capital leases |
3,160 |
3,161 |
| Deferred revenue |
50,605 |
48,845 |
| Deferred income taxes |
2,021 |
1,375 |
| TOTAL LIABILITIES |
374,672 |
390,490 |
| COMMITMENTS AND CONTINGENCIES |
|
|
| STOCKHOLDER'S EQUITY |
|
|
| Common stock, par value $.001 per share; 100 shares authorized, issued and outstanding at June 30, 2012 and December 31, 2011 |
0 |
0 |
| Additional paid-in capital |
398,329 |
398,011 |
| Retained deficit |
(293,209) |
(309,185) |
| Accumulated other comprehensive income |
20,413 |
21,014 |
| TOTAL STOCKHOLDER'S EQUITY |
125,533 |
109,840 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY |
$ 500,205 |
$ 500,330 |