XML 39 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Operations by Business Segment and Geographic Area (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting, Measurement Disclosures [Abstract]  
Financial Data By Business Segment
The table that follows presents Revenue, Income from Operations, Depreciation and Amortization Expense and Equity Earnings of Unconsolidated Affiliates by business segment:
 
 
 
Year Ended December 31,
(in thousands)
 
2015
 
2014
 
2013
Revenue
 
 
 
 
 
 
Oilfield
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
807,723

 
$
1,069,022

 
$
981,728

Subsea Products
 
959,714

 
1,238,746

 
1,027,792

Subsea Projects
 
604,484

 
588,572

 
509,440

Asset Integrity
 
372,957

 
500,237

 
481,919

Total Oilfield
 
2,744,878

 
3,396,577

 
3,000,879

Advanced Technologies
 
317,876

 
263,047

 
286,140

Total
 
$
3,062,754

 
$
3,659,624

 
$
3,287,019

Income from Operations
 
 
 
 
 
 
Oilfield
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
192,514

 
$
320,550

 
$
281,973

Subsea Products
 
175,585

 
281,239

 
231,050

Subsea Projects
 
92,034

 
107,852

 
93,865

Asset Integrity
 
18,235

 
55,469

 
55,243

Total Oilfield
 
478,368

 
765,110

 
662,131

Advanced Technologies
 
9,689

 
13,230

 
24,954

Unallocated Expenses
 
(114,247
)
 
(150,010
)
 
(141,969
)
Total
 
$
373,810

 
$
628,330

 
$
545,116

Depreciation and Amortization Expense
 
 
 
 
 
 
Oilfield
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
143,364

 
$
145,691

 
$
128,310

Subsea Products
 
49,792

 
46,085

 
39,964

Subsea Projects
 
29,863

 
18,561

 
15,331

Asset Integrity
 
10,713

 
12,775

 
12,401

Total Oilfield
 
233,732

 
223,112

 
196,006

Advanced Technologies
 
2,549

 
2,574

 
2,682

Unallocated Expenses
 
4,954

 
4,093

 
3,540

Total
 
$
241,235

 
$
229,779

 
$
202,228

 
 
 
 
 
 
 
Reconciliation of Assets from Segment to Consolidated
The following table presents Assets, Property and Equipment and Goodwill by business segment as of the dates indicated: 
 
 
December 31,
(in thousands)
 
2015
 
2014
Assets
 
 
 
 
Oilfield
 
 
 
 
Remotely Operated Vehicles
 
$
951,001

 
$
1,148,680

Subsea Products
 
890,041

 
904,935

Subsea Projects
 
671,019

 
448,378

Asset Integrity
 
295,955

 
347,411

Total Oilfield
 
2,808,016

 
2,849,404

Advanced Technologies
 
97,764

 
86,203

Corporate and Other
 
523,756

 
569,333

Total
 
$
3,429,536

 
$
3,504,940

Property and Equipment, net
 
 
 
 
Oilfield
 
 
 
 
Remotely Operated Vehicles
 
$
580,315

 
$
693,240

Subsea Products
 
348,042

 
336,125

Subsea Projects
 
277,695

 
214,478

Asset Integrity
 
35,359

 
41,624

Total Oilfield
 
1,241,411

 
1,285,467

Advanced Technologies
 
12,614

 
8,780

Corporate and Other
 
12,706

 
11,575

Total
 
$
1,266,731

 
$
1,305,822

Goodwill
 
 
 
 
Oilfield
 
 
 
 
Remotely Operated Vehicles
 
$
24,344

 
$
25,458

Subsea Products
 
88,279

 
99,656

Subsea Projects
 
149,389

 
19,712

Asset Integrity
 
143,018

 
164,806

Total Oilfield
 
405,030

 
309,632

Advanced Technologies
 
21,842

 
21,842

Total
 
$
426,872

 
$
331,474


All assets specifically identified with a particular business segment have been segregated. Cash and cash equivalents, certain other current assets, certain investments and certain other assets have not been allocated to particular business segments and are included in Corporate and Other.
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated
The following table presents Capital Expenditures, including business acquisitions, by business segment for the periods indicated:
 
 
 
Year Ended December 31,
(in thousands)
 
2015
 
2014
 
2013
Capital Expenditures
 
 
 
 
 
 
Oilfield
 
 
 
 
 
 
Remotely Operated Vehicles
 
$
57,558

 
$
188,848

 
$
225,885

Subsea Products
 
69,434

 
112,851

 
102,653

Subsea Projects
 
276,308

 
91,918

 
40,833

Asset Integrity
 
9,841

 
27,027

 
8,327

Total Oilfield
 
413,141

 
420,644

 
377,698

Advanced Technologies
 
5,015

 
2,352

 
13,175

Corporate and Other
 
5,832

 
3,675

 
2,717

Total
 
$
423,988

 
$
426,671

 
$
393,590

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table summarizes certain financial data by geographic area:
 
 
 
Year Ended December 31,
(in thousands)
 
2015
 
2014
 
2013
Revenue
 
 
 
 
 
 
Foreign:
 
 
 
 
 
 
Africa
 
$
659,038

 
$
795,229

 
$
696,202

United Kingdom
 
367,326

 
456,804

 
383,397

Norway
 
250,272

 
488,789

 
461,915

Asia and Australia
 
245,978

 
317,277

 
335,129

Brazil
 
118,056

 
185,299

 
213,282

Other
 
116,647

 
98,881

 
90,456

Total Foreign
 
1,757,317

 
2,342,279

 
2,180,381

United States
 
1,305,437

 
1,317,345

 
1,106,638

Total
 
$
3,062,754

 
$
3,659,624

 
$
3,287,019

Long-Lived Assets
 
 
 
 
 
 
Foreign:
 
 
 
 
 
 
Norway
 
$
274,868

 
$
332,503

 
$
429,603

Africa
 
205,440

 
215,122

 
186,865

United Kingdom
 
138,327

 
113,191

 
99,250

Asia and Australia
 
71,438

 
90,061

 
83,885

Brazil
 
57,896

 
99,269

 
112,840

Other
 
43,128

 
56,079

 
38,516

Total Foreign
 
791,097

 
906,225

 
950,959

United States
 
1,070,841

 
838,273

 
691,404

Total
 
$
1,861,938

 
$
1,744,498

 
$
1,642,363