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REVENUE FROM SERVICES
6 Months Ended
Jun. 30, 2020
Revenue From Contract With Customer [Abstract]  
REVENUE FROM SERVICES

NOTE 6.  REVENUE FROM SERVICES

Deferred Costs on Contracts

In some instances, we incur third party costs that directly relate to the contract to fulfill the contract obligations.  These fulfillment costs are capitalized and amortized consistent with how the related revenue is recognized.  Changes in our deferred costs on contracts are as follows for the six months ended June 30:

 

 

 

2020

 

 

2019

 

Balance at beginning of year

 

$

14,966

 

 

$

3,746

 

Fulfillment costs incurred

 

 

9,149

 

 

 

5,821

 

Amortization of fulfillment costs

 

 

(23,723

)

 

 

(7,717

)

Balance at end of period

 

$

392

 

 

$

1,850

 

 


Deferred Revenue

Typically, our mobilization services are paid by the customer at the beginning of the contract while the revenue is recognized as control transfers to the customer, which can result in deferred revenue. Normally all other revenue is billed as work progresses, which generally will not result in significant deferred revenue except in those cases where a large mobilization is required for the contract. Changes in our deferred revenue are as follows for the six months ended June 30:

 

 

 

2020

 

 

2019

 

Balance at beginning of year

 

$

8,724

 

 

$

4,357

 

Cash received, excluding amounts recognized as revenue from services

 

 

12,889

 

 

 

8,181

 

Amounts recognized as revenue from services

 

 

(21,050

)

 

 

(8,098

)

Balance at end of period

 

$

563

 

 

$

4,440

 

Disaggregated Revenue

The following table disaggregates our revenue by major source:

 

 

 

2020

 

 

2019

 

 

 

Land

 

 

Marine

 

 

Total

 

 

Land

 

 

Marine

 

 

Total

 

Three Months Ended June 30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

29,326

 

 

$

 

 

$

29,326

 

 

$

28,875

 

 

$

 

 

$

28,875

 

South America

 

 

12

 

 

 

 

 

 

12

 

 

 

702

 

 

 

 

 

 

702

 

Asia Pacific

 

 

73

 

 

 

1

 

 

 

74

 

 

 

1,424

 

 

 

58,536

 

 

 

59,960

 

West Africa

 

 

 

 

 

6,402

 

 

 

6,402

 

 

 

 

 

 

 

 

 

 

Total

 

$

29,411

 

 

$

6,403

 

 

$

35,814

 

 

$

31,001

 

 

$

58,536

 

 

$

89,537

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

120,474

 

 

$

 

 

$

120,474

 

 

$

89,428

 

 

$

 

 

$

89,428

 

South America

 

 

1,415

 

 

 

7,843

 

 

 

9,258

 

 

 

752

 

 

 

 

 

 

752

 

Asia Pacific

 

 

182

 

 

 

24,883

 

 

 

25,065

 

 

 

1,961

 

 

 

90,451

 

 

 

92,412

 

West Africa

 

 

 

 

 

6,402

 

 

 

6,402

 

 

 

 

 

 

 

 

 

 

Total

 

$

122,071

 

 

$

39,128

 

 

$

161,199

 

 

$

92,141

 

 

$

90,451

 

 

$

182,592

 

Remaining Performance Obligations

As of June 30, 2020, we had $64.6 million of remaining performance obligations.  We expect to recognize revenue of approximately 3% of these performance obligations in 2020, approximately 38% in 2021 and the remaining approximately 59% in 2022.