Major Customers And Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Operating Results, Capital Expenditures And Assets By Reporting Segment

The following tables summarize the operating results, capital expenditures and assets of the Company’s reportable segments.



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		ICP⁽¹⁾⁽²⁾$’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2016
Operating Revenues:
External customers	215,536		165,140		229,643		177,401		42,783		482		—		830,985
Intersegment	100		2,403		—		—		133		—		(2,636	)	—
	215,636		167,543		229,643		177,401		42,916		482		(2,636	)	830,985
Costs and Expenses:
Operating	166,925		124,460		122,631		158,495		28,561		—		(3,259	)	597,813
Administrative and general	49,308		14,616		27,825		3,011		16,214		1,001		26,606		138,581
Depreciation and amortization	58,069		26,327		31,162		4,299		1,539		—		3,537		124,933
	274,302		165,403		181,618		165,805		46,314		1,001		26,884		861,327
Gains (Losses) on Asset Dispositions and Impairments, Net	(116,222	)	3,193		411		—		(29,587	)	—		—		(142,205	)
Operating Income (Loss)	(174,888	)	5,333		48,436		11,596		(32,985	)	(519	)	(29,520	)	(172,547	)
Other Income (Expense):
Derivative gains (losses), net	2,995		—		—		911		—		—		(14,131	)	(10,225	)
Foreign currency gains (losses), net	(3,312	)	1,722		(18	)	—		(181	)	(1	)	(78	)	(1,868	)
Other, net	(1,490	)	(4	)	(6,224	)	—		—		(12,608	)	120		(20,206	)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(6,314	)	(15,944	)	(4,697	)	—		305		(704	)	—		(27,354	)
Segment Profit (Loss)	(183,009	)	(8,893	)	37,497		12,507		(32,861	)	(13,832	)
Other Income (Expense) not included in Segment Profit															(57,402	)
Less Equity in Losses included in Segment Profit															27,354
Loss Before Taxes and Equity Earnings															(262,248	)

Capital Expenditures	100,884		36,803		215,837		4,723		2		—		164		358,413

As of December 31, 2016
Property and Equipment:
Historical cost	958,759		419,714		727,602		56,708		1,559		—		29,681		2,194,023
Accumulated depreciation	(540,619	)	(167,127	)	(258,004	)	(23,689	)	(1,244	)	—		(18,184	)	(1,008,867	)
	418,140		252,587		469,598		33,019		315		—		11,497		1,185,156
Construction in progress	123,801		13,003		233,214		701		—		—		(207	)	370,512
	541,941		265,590		702,812		33,720		315		—		11,290		1,555,668
Investments, at Equity, and Advances to 50% or Less Owned Companies	138,311		69,181		51,620		—		566		54,094		—		313,772
Inventories	3,058		1,602		843		11,133		137		—		—		16,773
Goodwill	—		2,400		1,852		—		28,506		—		—		32,758
Intangible Assets	—		12,018		—		—		8,060		—		—		20,078
Other current and long-term assets, excluding cash and near cash assets⁽³⁾	72,810		88,165		29,801		11,850		14,284		11,193		21,576		249,679
Segment Assets	756,120		438,956		786,928		56,703		51,868		65,287
Cash and near cash assets ⁽³⁾															673,593
Total Assets															2,862,321

______________________


(1)	Operating revenues includes $167.0 million of tangible product sales and operating expenses includes $148.2 million of costs of goods sold.


(2)	Inventories include raw materials of $1.8 million and work in process of $1.5 million.


(3)	Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities and construction reserve funds



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		ICP⁽¹⁾⁽²⁾$’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2015
Operating Revenues:
External customers	368,744		227,601		227,142		166,905		49,838		14,506		—		1,054,736
Intersegment	124		2,881		—		—		146		—		(3,151	)	—
	368,868		230,482		227,142		166,905		49,984		14,506		(3,151	)	1,054,736
Costs and Expenses:
Operating	275,972		168,015		129,039		143,967		21,899		13,054		(3,341	)	748,605
Administrative and general	53,085		15,567		26,215		2,307		24,096		2,546		32,795		156,611
Depreciation and amortization	61,729		28,632		26,296		3,902		1,711		5		3,712		125,987
	390,786		212,214		181,550		150,176		47,706		15,605		33,166		1,031,203
Gains (Losses) on Asset Dispositions and Impairments, Net	(17,017	)	14,868		—		—		(27	)	(232	)	—		(2,408	)
Operating Income (Loss)	(38,935	)	33,136		45,592		16,729		2,251		(1,331	)	(36,317	)	21,125
Other Income (Expense):
Derivative gains (losses), net	(2,766	)	294		—		(1,251	)	—		(472	)	2,099		(2,096	)
Foreign currency losses, net	(27	)	(3,726	)	(30	)	—		(36	)	(11	)	(922	)	(4,752	)
Other, net	261		—		2,053		4,112		19		33		295		6,773
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	8,757		(31,200	)	(18,782	)	—		135		676		—		(40,414	)
Segment Profit (Loss)	(32,710	)	(1,496	)	28,833		19,590		2,369		(1,105	)
Other Income (Expense) not included in Segment Profit															(51,848	)
Less Equity Losses included in Segment Profit															40,414
Loss Before Taxes and Equity Earnings															(30,798	)

Capital Expenditures	87,765		69,736		134,581		4,712		409		—		(1,273	)	295,930

As of December 31, 2015
Property and Equipment:
Historical cost	1,102,619		485,144		454,144		47,256		3,338		—		30,700		2,123,201
Accumulated depreciation	(546,962	)	(171,271	)	(239,076	)	(19,390	)	(2,834	)	—		(14,648	)	(994,181	)
	555,657		313,873		215,068		27,866		504		—		16,052		1,129,020
Construction in progress	97,900		17,807		335,113		5,430		—		—		(1,645	)	454,605
	653,557		331,680		550,181		33,296		504		—		14,407		1,583,625
Investments, at Equity, and Advances to 50% or Less Owned Companies	130,010		81,363		64,499		—		344		54,887		—		331,103
Inventories	4,000		1,493		701		18,574		—		—		—		24,768
Goodwill	—		2,364		1,852		—		48,124		—		—		52,340
Intangible Assets	1,049		5,961		—		—		19,382		—		—		26,392
Other current and long-term assets, excluding cash and near cash assets⁽³⁾	97,488		72,180		28,359		7,739		14,780		16,014		7,014		243,574
Segment Assets	886,104		495,041		645,592		59,609		83,134		70,901
Cash and near cash assets⁽³⁾															923,617
Total Assets															3,185,419

______________________


(1)	Operating revenues includes $154.8 million of tangible product sales and operating expenses includes $131.9 million of costs of goods sold.


(2)	Inventories include raw materials of $2.1 million and work in process of $1.5 million.


(3)	Cash and near cash assets includes cash, cash equivalents, marketable securities and construction reserve funds



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		ICP⁽¹⁾⁽²⁾ $’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2014
Operating Revenues:
External customers	529,761		249,288		214,316		236,293		27,691		62,045		—		1,319,394
Intersegment	183		3,862		—		—		—		—		(4,045	)	—
	529,944		253,150		214,316		236,293		27,691		62,045		(4,045	)	1,319,394
Costs and Expenses:
Operating	365,092		174,918		112,771		187,849		12,978		59,666		(3,902	)	909,372
Administrative and general	58,353		15,937		24,518		2,177		19,180		5,957		38,816		164,938
Depreciation and amortization	64,615		29,435		28,420		4,119		1,045		284		3,901		131,819
	488,060		220,290		165,709		194,145		33,203		65,907		38,815		1,206,129
Gains (Losses) on Asset Dispositions and Impairments, Net	26,545		29,657		159		—		—		(1,077	)	(3,306	)	51,978
Operating Income (Loss)	68,429		62,517		48,766		42,148		(5,512	)	(4,939	)	(46,166	)	165,243
Other Income (Expense):
Derivative gains (losses), net	(171	)	—		—		(3,777	)	—		270		(224	)	(3,902	)
Foreign currency losses, net	(1,375	)	(3,335	)	(40	)	—		(53	)	(102	)	(1,430	)	(6,335	)
Other, net	14,671		(38	)	(3,630	)	660		(5,056	)	(3,097	)	(71	)	3,439
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	10,468		6,673		(661	)	—		(465	)	294		—		16,309
Segment Profit (Loss)	92,022		65,817		44,435		39,031		(11,086	)	(7,574	)
Other Income (Expense) not included in Segment Profit															4,790
Less Equity Earnings included in Segment Profit															(16,309	)
Income Before Taxes and Equity Earnings															163,235

Capital Expenditures	83,513		58,481		199,602		3,108		—		148		15,785		360,637

As of December 31, 2014
Property and Equipment
Historical cost	1,060,986		491,079		453,862		47,256		3,342		271		30,161		2,086,957
Accumulated depreciation	(500,007	)	(159,532	)	(213,072	)	(15,488	)	(3,002	)	(247	)	(10,936	)	(902,284	)
	560,979		331,547		240,790		31,768		340		24		19,225		1,184,673
Construction in progress	87,935		27,415		201,554		718		—		234		144		318,000
	648,914		358,962		442,344		32,486		340		258		19,369		1,502,673
Investments, at Equity, and Advances to 50% or Less Owned Companies	115,436		103,688		222,420		—		524		42,089		—		484,157
Inventories	5,570		2,536		1,030		11,170		—		2,477		—		22,783
Goodwill	13,367		2,573		1,852		—		44,967		—		—		62,759
Intangible Assets	1,917		6,483		292		—		24,035		—		—		32,727
Other current and long-term assets, excluding cash and near cash assets⁽³⁾	128,499		99,335		23,910		11,538		26,131		45,547		7,670		342,630
Segment Assets	913,703		573,577		691,848		55,194		95,997		90,371
Cash and near cash assets⁽³⁾															786,644
Total Assets															3,234,373

______________________


(1)	Operating revenues includes $224.4 million of tangible product sales and operating expenses includes $175.8 million of costs of goods sold.


(2)	Inventories include raw materials of $2.2 million and work in process of $1.7 million.


(3)	Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and title XI reserve funds.

Revenues Attributed By Geographical Region

The following represents the Company’s revenues attributed by geographical region in which services are provided to customers for the years ended December 31 (in thousands):



	2016		2015		2014
Operating Revenues:
United States	$	590,310	$	751,548	$	925,750
Africa, primarily West Africa	37,764		57,268		70,743
Europe, primarily North Sea	82,730		104,042		112,644
Middle East and Asia	54,950		65,045		69,598
Brazil, Mexico, Central and South America	64,837		76,404		140,460
Other	394		429		199
	$	830,985	$	1,054,736	$	1,319,394

Property And Equipment Based Upon The Assets' Physical Location

The following represents the Company’s property and equipment based upon the assets’ physical location as of December 31 (in thousands):



	2016		2015		2014
Property and Equipment:
United States	$	1,185,917	$	1,181,586	$	1,120,765
Africa, primarily West Africa	75,772		73,406		82,495
Europe, primarily North Sea	83,767		72,544		75,382
Middle East and Asia	99,974		129,476		84,598
Brazil, Mexico, Central and South America	110,238		126,613		139,433
	$	1,555,668	$	1,583,625	$	1,502,673