XML 52 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of financial data by reportable segment
Certain financial data by reportable segment are summarized as follows (in thousands): 
 
Year Ended December 31,
 
2017
 
2016
 
2015
Net revenues —
 
 
 
 
 
Well Intervention
$
406,341

 
$
294,000

 
$
373,301

Robotics
152,755

 
160,580

 
301,026

Production Facilities
64,352

 
72,358

 
75,948

Intercompany elimination
(42,065
)
 
(39,356
)
 
(54,473
)
Total
$
581,383

 
$
487,582

 
$
695,802

Income (loss) from operations —
 
 
 
 
 
Well Intervention (1)
$
52,733

 
$
14,910

 
$
(194,381
)
Robotics (2)
(42,289
)
 
(72,250
)
 
27,832

Production Facilities (3)
28,172

 
33,861

 
(106,847
)
Corporate and other
(40,630
)
 
(39,384
)
 
(33,866
)
Intercompany elimination
884

 
(372
)
 
(98
)
Total
$
(1,130
)
 
$
(63,235
)
 
$
(307,360
)
Net interest expense —
 
 
 
 
 
Well Intervention
$
(156
)
 
$
(109
)
 
$
(102
)
Robotics
(30
)
 
(25
)
 
29

Production Facilities
—

 
—

 
385

Corporate and elimination
18,964

 
31,373

 
26,602

Total
$
18,778

 
$
31,239

 
$
26,914

Equity in losses of investments
$
(2,368
)
 
$
(2,166
)
 
$
(124,345
)
Income (loss) before income taxes —
 
 
 
 
 
Well Intervention (1)
$
48,948

 
$
18,813

 
$
(193,572
)
Robotics (2) (4)
(40,271
)
 
(73,533
)
 
2,454

Production Facilities (3)
25,804

 
31,695

 
(231,577
)
Corporate and other and eliminations
(54,853
)
 
(70,890
)
 
(55,475
)
Total
$
(20,372
)
 
$
(93,915
)
 
$
(478,170
)
Income tax provision (benefit) —
 
 
 
 
 
Well Intervention
$
(29,934
)
 
$
12,531

 
$
(1,230
)
Robotics
(11,972
)
 
(9,948
)
 
515

Production Facilities
9,032

 
11,093

 
(81,052
)
Corporate and other and eliminations
(17,550
)
 
(26,146
)
 
(19,423
)
Total
$
(50,424
)
 
$
(12,470
)
 
$
(101,190
)
 
Year Ended December 31,
 
2017
 
2016
 
2015
Capital expenditures —
 
 
 
 
 
Well Intervention
$
230,354

 
$
185,892

 
$
307,879

Robotics
648

 
720

 
10,700

Production Facilities
—

 
74

 
1,867

Corporate and other
125

 
(199
)
 
(135
)
Total
$
231,127

 
$
186,487

 
$
320,311

Depreciation and amortization —
 
 
 
 
 
Well Intervention
$
68,301

 
$
68,392

 
$
66,095

Robotics
23,626

 
25,848

 
26,724

Production Facilities
13,936

 
13,952

 
21,340

Corporate and eliminations
2,882

 
5,995

 
6,242

Total
$
108,745

 
$
114,187

 
$
120,401

(1)
Amount in 2016 included a $1.3 million gain on the sale of the Helix 534 in December 2016. Amount in 2015 included impairment charges of $205.2 million for the Helix 534 and $6.3 million for certain capitalized vessel project costs and a $16.4 million goodwill impairment charge related to our U.K. well intervention reporting unit.
(2)
Amount in 2016 included a $45.1 million goodwill impairment charge related to our robotics reporting unit.
(3)
Amount in 2015 included a $133.4 million impairment charge for the HP I.
(4)
Amount in 2015 included unrealized losses totaling $18.3 million on our foreign currency exchange contracts associated with the Grand Canyon, Grand Canyon II and Grand Canyon III chartered vessels.
Summary of intercompany segment revenues
Intercompany segment revenues are as follows (in thousands): 
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
 
 
 
 
 
Well Intervention
$
11,489

 
$
8,442

 
$
22,855

Robotics
30,576

 
30,914

 
31,618

Total
$
42,065

 
$
39,356

 
$
54,473
Schedule of revenue by individually significant region
Revenues by individually significant region are as follows (in thousands): 
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
 
 
 
 
 
United States
$
283,933

 
$
298,279

 
$
298,391

North Sea (1)
159,961

 
137,313

 
263,438

Brazil
70,710

 
2,543

 
28,487

Other
66,779

 
49,447

 
105,486

Total
$
581,383

 
$
487,582

 
$
695,802

(1)
Includes revenues of $156.0 million, $123.6 million and $187.7 million, respectively, which were from the U.K.
Schedule of property and equipment, net of accumulated depreciation, by individually significant region
The following table provides our property and equipment, net of accumulated depreciation, by individually significant geographic location of our assets (in thousands): 
 
December 31,
 
2017
 
2016
 
 
 
 
United States
$
894,680

 
$
956,458

United Kingdom
270,499

 
299,699

Brazil
334,454

 
123,461

Singapore (1)
295,798

 
194,649

Other
10,558

 
77,343

Total
$
1,805,989

 
$
1,651,610


(1)
Primarily includes the Q7000 vessel under construction.
Schedule of total assets by reportable segment
The following table reflects total assets by reportable segment (in thousands): 
 
December 31,
 
2017
 
2016
 
 
 
 
Well Intervention
$
1,830,733

 
$
1,596,517

Robotics
179,853

 
186,901

Production Facilities
138,292

 
158,192

Corporate and other
213,959

 
305,331

Total
$
2,362,837

 
$
2,246,941