ION Geophysical Corp
NYSE:IO
Income Statement
Earnings Waterfall
ION Geophysical Corp
Revenue
|
105.4m
USD
|
Cost of Revenue
|
-71.2m
USD
|
Gross Profit
|
34.2m
USD
|
Operating Expenses
|
-49.3m
USD
|
Operating Income
|
-15.1m
USD
|
Other Expenses
|
-29.2m
USD
|
Net Income
|
-44.3m
USD
|
Income Statement
ION Geophysical Corp
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
455
N/A
|
476
+5%
|
493
+4%
|
513
+4%
|
526
+3%
|
544
+3%
|
560
+3%
|
504
-10%
|
549
+9%
|
564
+3%
|
565
+0%
|
591
+5%
|
510
-14%
|
405
-20%
|
321
-21%
|
281
-12%
|
222
-21%
|
204
-8%
|
203
0%
|
215
+6%
|
173
-20%
|
183
+6%
|
193
+5%
|
175
-9%
|
198
+13%
|
199
+0%
|
177
-11%
|
163
-8%
|
180
+10%
|
184
+2%
|
201
+9%
|
207
+3%
|
175
-15%
|
194
+11%
|
175
-10%
|
138
-21%
|
123
-11%
|
80
-35%
|
77
-4%
|
105
+37%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(281)
|
(292)
|
(297)
|
(306)
|
(311)
|
(335)
|
(360)
|
(374)
|
(390)
|
(383)
|
(382)
|
(364)
|
(347)
|
(316)
|
(279)
|
(258)
|
(213)
|
(188)
|
(173)
|
(164)
|
(137)
|
(132)
|
(131)
|
(115)
|
(122)
|
(122)
|
(118)
|
(118)
|
(121)
|
(121)
|
(117)
|
(114)
|
(106)
|
(106)
|
(101)
|
(88)
|
(80)
|
(66)
|
(64)
|
(71)
|
|
Gross Profit |
173
N/A
|
184
+6%
|
196
+7%
|
208
+6%
|
216
+4%
|
210
-3%
|
200
-4%
|
129
-35%
|
159
+23%
|
181
+14%
|
183
+1%
|
227
+24%
|
162
-29%
|
90
-45%
|
41
-54%
|
23
-44%
|
8
-64%
|
15
+82%
|
30
+98%
|
51
+68%
|
36
-29%
|
51
+42%
|
62
+21%
|
60
-3%
|
76
+26%
|
76
+1%
|
59
-22%
|
46
-23%
|
60
+31%
|
63
+5%
|
84
+34%
|
93
+11%
|
69
-25%
|
89
+28%
|
74
-17%
|
50
-33%
|
43
-14%
|
14
-67%
|
13
-7%
|
34
+158%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(107)
|
(112)
|
(121)
|
(126)
|
(141)
|
(145)
|
(142)
|
(152)
|
(143)
|
(147)
|
(152)
|
(145)
|
(157)
|
(151)
|
(147)
|
(136)
|
(109)
|
(99)
|
(90)
|
(86)
|
(79)
|
(78)
|
(76)
|
(76)
|
(84)
|
(84)
|
(86)
|
(84)
|
(77)
|
(120)
|
(122)
|
(124)
|
(84)
|
(76)
|
(64)
|
(56)
|
(52)
|
(45)
|
(46)
|
(49)
|
|
Selling, General & Administrative |
(82)
|
(85)
|
(88)
|
(93)
|
(107)
|
(109)
|
(107)
|
(115)
|
(105)
|
(110)
|
(113)
|
(105)
|
(116)
|
(111)
|
(110)
|
(104)
|
(82)
|
(75)
|
(68)
|
(66)
|
(61)
|
(62)
|
(61)
|
(61)
|
(68)
|
(67)
|
(68)
|
(66)
|
(59)
|
(64)
|
(65)
|
(67)
|
(66)
|
(59)
|
(49)
|
(42)
|
(39)
|
(33)
|
(34)
|
(37)
|
|
Research & Development |
(25)
|
(26)
|
(31)
|
(32)
|
(34)
|
(36)
|
(34)
|
(37)
|
(38)
|
(38)
|
(39)
|
(39)
|
(41)
|
(40)
|
(37)
|
(32)
|
(26)
|
(24)
|
(22)
|
(20)
|
(18)
|
(16)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(19)
|
(18)
|
(16)
|
(14)
|
(13)
|
(12)
|
(12)
|
(12)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(37)
|
(37)
|
(36)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
67
N/A
|
71
+6%
|
75
+6%
|
82
+9%
|
75
-9%
|
65
-13%
|
59
-10%
|
(23)
N/A
|
17
N/A
|
34
+107%
|
31
-9%
|
82
+164%
|
6
-93%
|
(61)
N/A
|
(105)
-73%
|
(113)
-7%
|
(100)
+11%
|
(84)
+17%
|
(60)
+29%
|
(35)
+42%
|
(43)
-24%
|
(27)
+38%
|
(14)
+48%
|
(16)
-14%
|
(9)
+45%
|
(8)
+15%
|
(26)
-252%
|
(39)
-47%
|
(18)
+54%
|
(58)
-225%
|
(38)
+35%
|
(31)
+17%
|
(15)
+51%
|
12
N/A
|
9
-24%
|
(6)
N/A
|
(9)
-62%
|
(31)
-232%
|
(33)
-6%
|
(15)
+54%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(29)
|
(25)
|
(17)
|
(14)
|
(5)
|
(6)
|
(14)
|
(20)
|
(51)
|
(58)
|
(59)
|
(60)
|
(63)
|
(62)
|
(59)
|
(54)
|
(19)
|
(19)
|
(19)
|
(22)
|
(22)
|
(21)
|
(21)
|
(17)
|
(15)
|
(14)
|
(13)
|
(12)
|
(13)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
|
Non-Reccuring Items |
(1)
|
0
|
0
|
0
|
0
|
0
|
(110)
|
(182)
|
(183)
|
(114)
|
(4)
|
68
|
(54)
|
(125)
|
(23)
|
(23)
|
100
|
102
|
(2)
|
(3)
|
(1)
|
(6)
|
(4)
|
(4)
|
(5)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(9)
|
(14)
|
(14)
|
(14)
|
(5)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
7
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(2)
|
0
|
1
|
(1)
|
17
|
19
|
17
|
16
|
(3)
|
(5)
|
(5)
|
(3)
|
(2)
|
4
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
2
|
5
|
5
|
5
|
5
|
(1)
|
(1)
|
(1)
|
(2)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(0)
|
6
|
6
|
7
|
6
|
(5)
|
(5)
|
|
Pre-Tax Income |
35
N/A
|
46
+33%
|
58
+27%
|
67
+15%
|
87
+29%
|
78
-10%
|
(48)
N/A
|
(209)
-337%
|
(221)
-5%
|
(142)
+36%
|
(30)
+79%
|
94
N/A
|
(107)
N/A
|
(243)
-127%
|
(190)
+22%
|
(192)
-1%
|
(21)
+89%
|
(1)
+94%
|
(81)
-6 100%
|
(57)
+29%
|
(60)
-5%
|
(49)
+19%
|
(34)
+31%
|
(32)
+4%
|
(29)
+9%
|
(23)
+21%
|
(41)
-76%
|
(53)
-30%
|
(68)
-28%
|
(70)
-4%
|
(51)
+28%
|
(45)
+12%
|
(39)
+12%
|
(16)
+60%
|
(12)
+22%
|
(28)
-129%
|
(22)
+23%
|
(39)
-81%
|
(52)
-32%
|
(33)
+36%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(13)
|
(17)
|
(19)
|
(24)
|
(22)
|
21
|
(30)
|
(26)
|
(30)
|
(69)
|
(21)
|
(21)
|
(16)
|
(16)
|
(10)
|
(4)
|
(3)
|
(5)
|
(6)
|
(5)
|
(4)
|
(4)
|
(2)
|
1
|
(0)
|
2
|
2
|
(3)
|
(3)
|
(6)
|
(7)
|
(8)
|
(13)
|
(13)
|
(10)
|
(16)
|
(3)
|
(9)
|
(11)
|
|
Income from Continuing Operations |
25
|
33
|
42
|
48
|
63
|
56
|
(27)
|
(239)
|
(247)
|
(172)
|
(99)
|
74
|
(128)
|
(259)
|
(206)
|
(201)
|
(25)
|
(5)
|
(86)
|
(64)
|
(65)
|
(53)
|
(37)
|
(34)
|
(28)
|
(23)
|
(39)
|
(51)
|
(70)
|
(73)
|
(56)
|
(52)
|
(47)
|
(28)
|
(25)
|
(38)
|
(37)
|
(42)
|
(60)
|
(44)
|
|
Income to Minority Interest |
0
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
(1)
|
(1)
|
(1)
|
0
|
2
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Net Income (Common) |
25
N/A
|
33
+33%
|
43
+29%
|
49
+14%
|
63
+30%
|
57
-11%
|
(27)
N/A
|
(239)
-800%
|
(246)
-3%
|
(172)
+30%
|
(100)
+42%
|
73
N/A
|
(128)
N/A
|
(260)
-102%
|
(205)
+21%
|
(201)
+2%
|
(25)
+87%
|
(5)
+81%
|
(86)
-1 696%
|
(64)
+26%
|
(65)
-2%
|
(53)
+18%
|
(39)
+28%
|
(35)
+8%
|
(30)
+14%
|
(25)
+16%
|
(41)
-61%
|
(53)
-30%
|
(71)
-34%
|
(74)
-4%
|
(57)
+23%
|
(53)
+7%
|
(48)
+9%
|
(29)
+40%
|
(26)
+12%
|
(39)
-50%
|
(37)
+4%
|
(42)
-13%
|
(60)
-44%
|
(44)
+27%
|
|
EPS (Diluted) |
2.31
N/A
|
3.17
+37%
|
3.94
+24%
|
4.46
+13%
|
5.61
+26%
|
5.4
-4%
|
-2.52
N/A
|
-22.71
-801%
|
-22.56
+1%
|
-15.76
+30%
|
-9.07
+42%
|
6.65
N/A
|
-11.65
N/A
|
-23.59
-102%
|
-18.6
+21%
|
-18.23
+2%
|
-2.3
+87%
|
-0.45
+80%
|
-7.56
-1 580%
|
-5.39
+29%
|
-5.52
-2%
|
-4.53
+18%
|
-3.24
+28%
|
-2.92
+10%
|
-2.54
+13%
|
-1.98
+22%
|
-2.94
-48%
|
-3.8
-29%
|
-5.08
-34%
|
-5.29
-4%
|
-4.03
+24%
|
-3.73
+7%
|
-3.39
+9%
|
-2.05
+40%
|
-1.81
+12%
|
-2.7
-49%
|
-2.6
+4%
|
-2.68
-3%
|
-2.31
+14%
|
-1.55
+33%
|