Quarterly report pursuant to Section 13 or 15(d)

Segment Information Segment Information (Tables)

v3.5.0.2
Segment Information Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
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
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the three months ended
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
External customers
54,101

 
40,387

 
57,350

 
44,019

 
11,126

 

 
206,983

Intersegment
24

 
707

 

 

 
20

 
(751
)
 

 
54,125

 
41,094

 
57,350

 
44,019

 
11,146

 
(751
)
 
206,983

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating
41,159

 
31,496

 
28,542

 
39,879

 
6,618

 
(898
)
 
146,796

Administrative and general
10,588

 
3,982

 
6,675

 
750

 
3,833

 
6,417

 
32,245

Depreciation and amortization
14,213

 
6,308

 
8,216

 
1,055

 
432

 
908

 
31,132

 
65,960

 
41,786

 
43,433

 
41,684

 
10,883

 
6,427

 
210,173

Gains (Losses) on Asset Dispositions and Impairments, Net
(29,233
)
 
(597
)
 
3

 

 
1

 

 
(29,826
)
Operating Income (Loss)
(41,068
)
 
(1,289
)
 
13,920

 
2,335

 
264

 
(7,178
)
 
(33,016
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative gains (losses), net
16

 

 

 
(328
)
 

 
(862
)
 
(1,174
)
Foreign currency gains (losses), net
(1,084
)
 
410

 
(3
)
 

 
(25
)
 
36

 
(666
)
Other, net
1

 
(1
)
 
(5,534
)
 

 

 
74

 
(5,460
)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
790

 
(171
)
 
(551
)
 

 
(390
)
 

 
(322
)
Segment Profit (Loss)
(41,345
)
 
(1,051
)
 
7,832

 
2,007

 
(151
)
 
 
 
 
Other Income (Expense) not included in Segment Profit (Loss)
 
(14,535
)
Less Equity Losses included in Segment Profit (Loss)
 
322

Loss Before Taxes and Equity Losses
 
(54,851
)

 
Offshore
Marine
Services
$’000
 
Inland
River
Services
$’000
 
Shipping
Services
$’000
 
ICP(1)(2)
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the nine months ended
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
External customers
171,198

 
112,814

 
170,025

 
134,204

 
29,708

 

 
617,949

Intersegment
77

 
1,708

 

 

 
118

 
(1,903
)
 

 
171,275

 
114,522

 
170,025

 
134,204

 
29,826

 
(1,903
)
 
617,949

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating
134,254

 
89,060

 
86,045

 
122,321

 
18,850

 
(2,384
)
 
448,146

Administrative and general
34,915

 
11,671

 
20,930

 
2,318

 
11,705

 
20,585

 
102,124

Depreciation and amortization
44,305

 
19,699

 
22,193

 
3,172

 
1,335

 
2,778

 
93,482

 
213,474

 
120,430

 
129,168

 
127,811

 
31,890

 
20,979

 
643,752

Gains (Losses) on Asset Dispositions and Impairments, Net
(49,970
)
 
2,588

 
3

 

 
(1
)
 

 
(47,380
)
Operating Income (Loss)
(92,169
)
 
(3,320
)
 
40,860

 
6,393

 
(2,065
)
 
(22,882
)
 
(73,183
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative gains (losses), net
3,077

 

 

 
341

 

 
(3,527
)
 
(109
)
Foreign currency gains (losses), net
(3,463
)
 
2,865

 
(12
)
 

 
(125
)
 
84

 
(651
)
Other, net
266

 
(5
)
 
(6,461
)
 

 
(6,723
)
 
79

 
(12,844
)
Equity in Losses of 50% or Less Owned Companies, Net of Tax
(364
)
 
(4,626
)
 
(2,116
)
 

 
(427
)
 

 
(7,533
)
Segment Profit (Loss)
(92,653
)
 
(5,086
)
 
32,271

 
6,734

 
(9,340
)
 
 
 
 
Other Income (Expense) not included in Segment Profit (Loss)
 
 
 
 
 
 
 
 
 
(72,900
)
Less Equity Losses included in Segment Profit (Loss)
 
 
 
 
 
 
 
 
 
7,533

Loss Before Taxes and Equity Losses
 
 
 
 
 
 
 
(159,687
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
82,806

 
17,629

 
189,988

 
3,484

 

 
208

 
294,115

 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and Equipment:
 
 
 
 
 
 
 
 
 
 
 
 


Historical cost
1,058,048

 
392,698

 
592,132

 
51,592

 
2,829

 
30,711

 
2,128,010

Accumulated depreciation
(552,018
)
 
(161,023
)
 
(253,116
)
 
(22,562
)
 
(2,483
)
 
(17,427
)
 
(1,008,629
)
 
506,030

 
231,675

 
339,016

 
29,030

 
346

 
13,284

 
1,119,381

Construction in progress
122,633

 
9,948

 
328,692

 
4,578

 

 
(1,191
)
 
464,660

Net property and equipment
628,663

 
241,623

 
667,708

 
33,608

 
346

 
12,093

 
1,584,041

Investments, at Equity, and Advances to 50% or Less Owned Companies
133,011

 
80,004

 
57,366

 

 
60,682

 

 
331,063

Inventories
3,165

 
2,033

 
952

 
9,660

 
237

 

 
16,047

Goodwill

 
2,427

 
1,852

 

 
48,124

 

 
52,403

Intangible Assets

 
5,295

 

 

 
18,201

 

 
23,496

Other current and long-term assets, excluding cash and near cash assets(3)
103,698

 
55,710

 
27,508

 
11,949

 
28,708

 
4,384

 
231,957

Segment Assets
868,537

 
387,092

 
755,386

 
55,217

 
156,298

 
 
 
 
Cash and near cash assets(3)
 
 
 
 
 
 
 
 
 
 
 
 
715,126

Total Assets
 
 
 
 
 
 
 
 
 
 
 
 
2,954,133

______________________
(1)
Operating revenues includes $126.5 million of tangible product sales and operating expenses includes $114.6 million of costs of goods sold.
(2)
Inventories includes raw materials of $1.9 million and work in process of $1.4 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
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the three months ended
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
External customers
95,503

 
53,617

 
58,673

 
40,282

 
13,777

 

 
261,852

Intersegment
28

 
693

 

 

 
2

 
(723
)
 

 
95,531

 
54,310

 
58,673

 
40,282

 
13,779

 
(723
)
 
261,852

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating
70,221

 
39,487

 
27,666

 
33,514

 
5,854

 
(757
)
 
175,985

Administrative and general
12,753

 
3,907

 
6,236

 
543

 
6,658

 
7,795

 
37,892

Depreciation and amortization
15,252

 
7,268

 
6,476

 
979

 
152

 
891

 
31,018

 
98,226

 
50,662

 
40,378

 
35,036

 
12,664

 
7,929

 
244,895

Gains (Losses) on Asset Dispositions, Net
(246
)
 
11,510

 

 

 

 

 
11,264

Operating Income (Loss)
(2,941
)
 
15,158

 
18,295

 
5,246

 
1,115

 
(8,652
)
 
28,221

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative gains (losses), net
(10
)
 
50

 

 
(336
)
 

 
(429
)
 
(725
)
Foreign currency losses, net
(1,567
)
 
(2,173
)
 
(9
)
 

 
(64
)
 
(244
)
 
(4,057
)
Other, net
(9
)
 

 
1,836

 

 
(1
)
 
(53
)
 
1,773

Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
1,708

 
(2,117
)
 
5,292

 

 
240

 

 
5,123

Segment Profit (Loss)
(2,819
)
 
10,918

 
25,414

 
4,910

 
1,290

 
 
 
 
Other Income (Expense) not included in Segment Profit (Loss)
 
(10,867
)
Less Equity Earnings included in Segment Profit (Loss)
 
(5,123
)
Income Before Taxes and Equity Earnings (Losses)
 
14,345

 
Offshore
Marine
Services
$’000
 
Inland
River
Services
$’000
 
Shipping
Services
$’000
 
ICP(1)(2)
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the nine months ended
September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
External customers
285,613

 
169,996

 
165,754

 
128,251

 
54,491

 

 
804,105

Intersegment
89

 
2,071

 

 

 
77

 
(2,237
)
 

 
285,702

 
172,067

 
165,754

 
128,251

 
54,568

 
(2,237
)
 
804,105

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating
216,749

 
129,556

 
100,921

 
107,220

 
30,787

 
(2,357
)
 
582,876

Administrative and general
38,967

 
11,556

 
19,201

 
1,614

 
20,411

 
23,704

 
115,453

Depreciation and amortization
46,310

 
21,519

 
19,822

 
2,938

 
1,141

 
2,797

 
94,527

 
302,026

 
162,631

 
139,944

 
111,772

 
52,339

 
24,144

 
792,856

Gains (Losses) on Asset Dispositions and Impairments, Net
(3,440
)
 
14,479

 

 

 
(235
)
 

 
10,804

Operating Income (Loss)
(19,764
)
 
23,915

 
25,810

 
16,479

 
1,994

 
(26,381
)
 
22,053

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative gains (losses), net
(15
)
 
309

 

 
(1,114
)
 
(472
)
 
(1,003
)
 
(2,295
)
Foreign currency gains (losses), net
323

 
(3,086
)
 
(12
)
 

 
(68
)
 
(771
)
 
(3,614
)
Other, net
(112
)
 

 
2,052

 
4,112

 
47

 
63

 
6,162

Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
7,509

 
(6,108
)
 
8,796

 

 
(111
)
 

 
10,086

Segment Profit (Loss)
(12,059
)
 
15,030

 
36,646

 
19,477

 
1,390

 
 
 
 
Other Income (Expense) not included in Segment Profit (Loss)
 
 
 
 
 
 
 
 
 
(51,125
)
Less Equity Earnings included in Segment Profit (Loss)
 
 
 
 
 
 
 
 
 
(10,086
)
Loss Before Taxes and Equity Earnings (Losses)
 
 
 
 
 
 
 
(28,819
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
67,126

 
66,604

 
89,015

 
3,983

 
41

 
475

 
227,244

 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Property and Equipment:
 
 
 
 
 
 
 
 
 
 
 
 


Historical cost
1,087,471

 
477,163

 
454,095

 
47,256

 
3,111

 
30,387

 
2,099,483

Accumulated depreciation
(535,575
)
 
(164,485
)
 
(232,603
)
 
(18,426
)
 
(2,899
)
 
(13,733
)
 
(967,721
)
 
551,896

 
312,678

 
221,492

 
28,830

 
212

 
16,654

 
1,131,762

Construction in progress
95,556

 
23,208

 
289,714

 
4,701

 

 
393

 
413,572

Net property and equipment
647,452

 
335,886

 
511,206

 
33,531

 
212

 
17,047

 
1,545,334

Investments, at Equity, and Advances to 50% or Less Owned Companies
128,748

 
102,732

 
211,017

 

 
48,321

 

 
490,818

Inventories
4,837

 
2,165

 
719

 
15,553

 

 

 
23,274

Goodwill
13,367

 
2,382

 
1,852

 

 
48,124

 

 
65,725

Intangible Assets
1,081

 
6,191

 

 

 
19,907

 

 
27,179

Other current and long-term assets, excluding cash and near cash assets(3)
101,254

 
77,563

 
31,000

 
11,125

 
47,376

 
4,472

 
272,790

Segment Assets
896,739

 
526,919

 
755,794

 
60,209

 
163,940

 
 
 
 
Cash and near cash assets(3)
 
 
 
 
 
 
 
 
 
 
 
 
741,907

Total Assets
 
 
 
 
 
 
 
 
 
 
 
 
3,167,027


______________________
(1)
Operating revenues includes $119.3 million of tangible product sales and operating expenses includes $98.3 million of costs of goods sold.
(2)
Inventories includes raw materials of $1.7 million and work in process of $1.7 million.
(3)
Cash and near cash assets includes cash, cash equivalents, marketable securities and construction reserve funds.