Geographic Segments



	Year Ended December 31,
	2017			2016			2015
	(In thousands)
Revenues:
Western Hemisphere
Products	$	217,084		$	254,359		$	332,452
Services	65,050			63,350			88,376
Intercompany	27,554			43,856			53,429
Total	$	309,688		$	361,565		$	474,257
Eastern Hemisphere
Products	$	69,664		$	106,862		$	234,853
Services	28,048			34,818			52,963
Intercompany	772			337			5,799
Total	$	98,484		$	142,017		$	293,615
Asia Pacific
Products	$	64,383		$	71,791		$	118,059
Services	11,239			7,551			17,607
Intercompany	781			1,882			5,124
Total	$	76,404		$	81,224		$	140,790
Summary
Products	$	351,132		$	433,012		$	685,364
Services	104,337			105,719			158,946
Intercompany	29,107			46,075			64,352
Eliminations	(29,107		)	(46,075		)	(64,352		)
Total	$	455,469		$	538,731		$	844,310
Depreciation and amortization:
Western Hemisphere	$	30,441		$	21,395		$	20,093
Eastern Hemisphere	4,096			4,965			5,685
Asia Pacific	4,064			4,437			4,491
Corporate	2,374			1,060			208
Total	$	40,974		$	31,857		$	30,477
Income before income taxes:
Western Hemisphere	$	(18,099	)	$	91,221		$	155,763
Eastern Hemisphere	1,379			60,835			89,349
Asia Pacific	4,927			12,779			38,155
Corporate	(53,706		)	(50,941		)	(43,264		)
Eliminations	(146		)	1,974			9,768
Total	$	(65,644	)	$	115,868		$	249,771



	December 31,
	2017			2016
	(In thousands)
Total long-lived assets:
Western Hemisphere	$	482,636		$	317,875
Eastern Hemisphere	264,828			33,338
Asia Pacific	58,606			53,960
Eliminations	(414,814		)	(480		)
Total	$	391,256		$	404,693
Total assets:
Western Hemisphere	$	877,779		$	775,358
Eastern Hemisphere	752,967			318,529
Asia Pacific	185,229			370,043
Eliminations	(416,170		)	(2,526		)
Total	$	1,399,805		$	1,461,404

In 2017, Chevron and its affiliated companies accounted for approximately 14% of the Company’s total revenues. In 2016 and 2015, Chevron and its affiliated companies accounted for approximately 16% and 12%, respectively, of the Company’s total revenues. No other customer accounted for more than 10% of the Company’s total revenues in 2017, 2016 or 2015.

During the fourth quarter of 2017, the Company pursued a restructuring of its entities to prepare it for increased activity in the international markets. The main focus of the restructuring was to create an internal financing capability by taking advantage of excess cash held offshore. The excess foreign cash is now held in a treasury concentration center in the Eastern Hemisphere where it is invested for higher yields when not required to fund international operations. When required, these funds can be easily deployed to meet the working capital requirements of all foreign operations. This structure was put in place as the Company expects that when the market rebounds, future work will come from international markets, especially Europe and Asia Pacific.

The Company’s operations are organized into three geographic segments—Western Hemisphere (including North and South America; headquartered in Houston, Texas), Eastern Hemisphere (including Europe and Africa; headquartered in Aberdeen, Scotland) and Asia Pacific (including the Pacific Rim, Southeast Asia, Australia, India and the Middle East; headquartered in Singapore). Each of these segments sells similar products and services and the Company has major manufacturing facilities in all three of its regional headquarter locations as well as in Macae, Brazil.

Eliminations of operating profits are related to intercompany inventory transfers that are deferred until shipment is made to third party customers.