XML 54 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segments and Geographic Area Analysis (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Revenues from Contract Drilling Services by Equipment Type

Revenues from contract drilling services by equipment-type are listed below:

 

     Year Ended December 31,  
     2016      2015      2014  
     (In thousands)  

Floaters:

        

Ultra-Deepwater

   $ 989,158       $ 1,339,059       $ 987,565   

Deepwater

     256,997         548,667         494,247   

Mid-Water

     248,846         387,549         1,076,842   
  

 

 

    

 

 

    

 

 

 

Total Floaters

     1,495,001         2,275,275         2,558,654   

Jack-ups

     30,213         84,909         178,472   
  

 

 

    

 

 

    

 

 

 

Total contract drilling revenues

     1,525,214         2,360,184         2,737,126   

Revenues related to reimbursable expenses

     75,128         59,209         77,545   
  

 

 

    

 

 

    

 

 

 

Total revenues

   $ 1,600,342       $ 2,419,393       $ 2,814,671   
  

 

 

    

 

 

    

 

 

 
Revenues by Geographic Area Presented by Attributing Revenues to Individual Country

Revenues by geographic area are presented by attributing revenues to the individual country or areas where the services were performed.

 

     Year Ended December 31,  
     2016      2015      2014  
     (In thousands)  

United States

   $ 548,024       $ 513,605       $ 418,095   

International:

        

South America

     434,956         812,271         1,088,796   

Europe/Africa/Mediterranean

     344,964         532,824         558,367   

Australia/Asia

     234,182         415,033         503,814   

Mexico

     38,216         145,660         245,599   
  

 

 

    

 

 

    

 

 

 
     1,052,318         1,905,788         2,396,576   
  

 

 

    

 

 

    

 

 

 

Total revenues

   $ 1,600,342       $ 2,419,393       $ 2,814,671   
  

 

 

    

 

 

    

 

 

 
Individual Countries that Comprised 5% or More of Our Total Contract Drilling Revenues from Unaffiliated Customers

For the years ended December 31, 2016, 2015 and 2014, individual countries that comprised 5% or more of our total contract drilling revenues from unaffiliated customers are listed below.

 

     Year Ended December 31,  
       2016         2015         2014    

Brazil

     18.0     23.1     31.0

United Kingdom

     15.3     11.4     10.7

Australia

     12.8     7.0     6.4

Trinidad and Tobago

     9.2     9.8     4.0

Romania

     4.0     9.7     3.9

Mexico

     2.4     6.0     8.7

Malaysia

     1.7     6.8     5.5

Long-Lived Tangible Assets by Geographic Location

The following table presents our long-lived tangible assets by geographic location as of December 31, 2016, 2015 and 2014. A substantial portion of our assets is comprised of rigs that are mobile, and therefore asset locations at the end of the period are not necessarily indicative of the geographic distribution of the earnings generated by such assets during the periods and may vary from period to period due to the relocation of rigs. In circumstances where our drilling rigs were in transit at the end of a calendar year, they have been presented in the tables below within the geographic area in which they were expected to operate.

 

     December 31,  
     2016(1)      2015(1)      2014  
     (In thousands)  

Drilling and other property and equipment, net:

        

United States

   $ 2,753,511       $ 3,292,474       $ 2,637,621   

International:

        

Australia/Asia/Middle East

     1,429,563         1,224,089         1,460,841   

South America

     1,030,069         1,051,283         1,445,832   

Europe/Africa/Mediterranean

     380,462         664,520         1,128,857   

Mexico

     133,330         146,448         272,802   
  

 

 

    

 

 

    

 

 

 
     2,973,424         3,086,340         4,308,332   
  

 

 

    

 

 

    

 

 

 

Total

   $ 5,726,935       $ 6,378,814       $ 6,945,953   
  

 

 

    

 

 

    

 

 

 

 

(1) During 2016 and 2015, we recorded an aggregate impairment loss of $678.1 million and $860.4 million, respectively, to write down certain of our drilling rigs and related equipment with indicators of impairment to their estimated recoverable amounts.
Countries Where Parent Company had Material Concentration of Operating Assets

The following table presents the countries in which material concentrations of our long-lived tangible assets were located as of December 31, 2016, 2015 and 2014:

 

     December 31,  
         2016             2015             2014      

United States

     48.1     51.6     38.0

Brazil

Malaysia

    

 

16.8

13.6


   

 

15.3

10.4


   

 

20.3

6.6


South Korea

            4.2     6.3

Spain

            2.7     8.1

Vietnam

                   6.9
Revenues from Major Customers that Contributed More than 10% of Total Revenues

Revenues from our major customers for the years ended December 31, 2016, 2015 and 2014 that contributed more than 10% of our total revenues are as follows:

 

     Year Ended December 31,  

Customer

     2016         2015         2014    

Anadarko

     22.4     12.4     3.6

Petróleo Brasileiro S.A.

     17.9     24.1     31.9

ExxonMobil

     5.8     12.4     5.0