|
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Jun. 30, 2012
|
Jun. 30, 2011
|
| Reconciliation of net income (loss) to net cash provided by operating activities: |
|
|
| Net income (loss) |
$ 15,976 |
$ (4,515) |
| Depreciation and amortization |
69,221 |
65,660 |
| Deferred income tax provision |
760 |
429 |
| Amortization of deferred financing costs |
997 |
1,044 |
| Amortization of debt premium |
0 |
(56) |
| Amortization of stock-based compensation |
318 |
346 |
| Amortization of favorable facility lease |
142 |
147 |
| Increase (decrease) in allowance for doubtful accounts |
(313) |
6 |
| Non-cash other income |
0 |
(86) |
| Non-cash revenue |
(2,681) |
(4,416) |
| Gain on sale of marketable securities |
(230) |
(2,467) |
| Decrease (increase) in receivables |
13,804 |
(1,274) |
| Decrease in other assets |
236 |
184 |
| Increase (decrease) in deferred revenue |
2,100 |
(3,733) |
| Decrease in accounts payable and other liabilities |
(1,829) |
(7,183) |
| Net cash provided by operating activities |
98,501 |
44,086 |
| Cash flows from investing activities: |
|
|
| Cash invested in seismic data |
(113,136) |
(79,079) |
| Cash paid to acquire property, equipment and other |
(1,074) |
(739) |
| Net proceeds from sale of marketable securities |
230 |
2,467 |
| Cash from sale of property, equipment and other |
90 |
35 |
| Advances to Seitel Holdings, Inc. |
(9) |
(6) |
| Net cash used in investing activities |
(113,899) |
(77,322) |
| Cash flows from financing activities: |
|
|
| Principal payments on notes payable |
(32) |
(29) |
| Repayment of 11.75% Senior Notes |
0 |
(2,000) |
| Principal payments on capital lease obligations |
(91) |
(81) |
| Borrowings on line of credit |
0 |
737 |
| Payments on line of credit |
0 |
(737) |
| Contributed capital |
0 |
125,000 |
| Costs of debt and equity transactions |
0 |
(6,067) |
| Net cash provided by (used in) financing activities |
(123) |
116,823 |
| Effect of exchange rate changes |
202 |
(188) |
| Net increase (decrease) in cash and cash equivalents |
(15,319) |
83,399 |
| Cash and cash equivalents at beginning of period |
74,894 |
89,971 |
| Cash and cash equivalents at end of period |
59,575 |
173,370 |
| Supplemental disclosure of cash flow information: |
|
|
| Interest |
13,539 |
19,833 |
| Income taxes, net of refunds received |
1,894 |
7,772 |
| Supplemental schedule of non-cash investing and financing activities: |
|
|
| Additions to seismic data library |
2,389 |
5,006 |
| Capital lease obligations incurred |
$ 94 |
$ 0 |