NOTE 14 – SEGMENT INFORMATION

For the period from April 28, 2017 up to August 29, 2017, the Company had two reportable segments from which it derived its revenues: Navios Partners Operations and Navios Containers Operations. The reportable segments reflect the internal organization of the Company whereby the Chief Operating Decision Maker (“CODM”) reviews the discrete financial information of the Navios Partners’ controlled fleet and the Navios Containers’ controlled fleet.

The Company measures segment performance based on net (loss)/income attributable to Navios Partners common unitholders. Summarized financial information concerning each of the Company’s reportable segments is as follows:

	Navios Partners Operations			Navios Containers Operations			Total
		Twelve Month	Twelve Month		Period from	Eliminations for the Period from		Twelve Month	Twelve Month
		Period Ended	Period Ended		April 28, 2017	April 28, 2017 to		Period Ended	Period Ended
		December 31,	December 31,		to August 29,	August 29,		December 31,	December 31,
		2018	2017		2017	2017		2018	2017
Revenue		$ 231,361	$ 199,297		$ 12,355	—		$ 231,361	$ 211,652
Management fees		(68,871)	(62,595)		(4,715)	—		(68,871)	(67,310)
Interest expense and finance cost, net		(42,766)	(37,647)		(767)	189		(42,766)	(38,225)
Depreciation and amortization		(58,334)	(67,885)		(4,875)	—		(58,334)	(72,760)
Net (loss)/ income		(13,081)	(15,089)		593	(355)		(13,081)	(14,851)
Total assets		1,314,133	1,305,302		—	—		1,314,133	1,305,302
Capital expenditures		(118,755)	(217,019)		(59,885)	—		(118,755)	(276,904)
Investment in affiliates		66,296	52,122		—	—		66,296	52,122
Cash and cash equivalents		58,590	24,047		—	—		58,590	24,047
Restricted cash		2,865	5,886		—	—		2,865	5,886
Long-term borrowings (including current and non-current portion), net		507,485	493,463		—	—		507,485	493,463

Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment.

The following table sets out operating revenue by geographic region for Navios Partners’ reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk and containerships operate worldwide. Revenues from specific geographic region, which contribute over 10% of total revenue, are disclosed separately.

Revenue by Geographic Region

Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries.

	Year Ended December 31, 2018	Year Ended December 31, 2017	Year Ended December 31, 2016

Asia	$ 120,660	$ 125,618	$ 112,019
Europe	86,633	47,308	54,006
North America	17,862	20,307	13,364
Australia	6,206	18,419	11,135
Total	$ 231,361	$ 211,652	$ 190,524