Annual report pursuant to Section 13 and 15(d)

Discontinued Operations Discontinued Operations

v3.8.0.1
Discontinued Operations Discontinued Operations
12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
18.
DISCONTINUED OPERATIONS
The Company’s discontinued operations consist of SEACOR Marine and ICP, as following the Spin-off and sale, respectively, the Company has no continuing involvement in either of these businesses (see Note 1). Summarized selected operating results of the Company’s discontinued operations for the years ended December 31 were as follows (in thousands):

 
2017
 
2016
 
2015
SEACOR Marine
 
 
 
 
 
Operating Revenues
$
62,291

 
$
215,636

 
$
368,868

Costs and Expenses:
 
 
 
 
 
Operating
65,888

 
166,925

 
275,972

Administrative and general
29,682

 
49,308

 
53,085

Depreciation and amortization
22,181

 
58,069

 
61,729

 
117,751

 
274,302

 
390,786

Gains (Losses) on Asset Dispositions and Impairments, Net
4,219

 
(116,222
)
 
(17,017
)
Operating Loss
(51,241
)
 
(174,888
)
 
(38,935
)
Other Income (Expense), Net
1,780

 
(15,417
)
 
(13,641
)
Income Tax Benefit
(12,931
)
 
(63,468
)
 
(16,973
)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
1,663

 
(6,314
)
 
8,757

Net Loss
$
(34,867
)
 
$
(133,151
)
 
$
(26,846
)
Net Income (Loss) Attributable to Noncontrolling Interests
$
(1,892
)
 
$
(1,103
)
 
$
403

 
 
 
 
 
 
ICP
 
 
 
 
 
Operating Revenues
$
78,061

 
$
177,401

 
$
166,905

Costs and Expenses:
 
 
 
 
 
Operating
76,306

 
158,495

 
143,967

Administrative and general
2,140

 
3,011

 
2,307

Depreciation and amortization
2,354

 
4,299

 
3,902

 
80,800

 
165,805

 
150,176

Operating Income (Loss)
(2,739
)
 
11,596

 
16,729

Other Income, Net (including gain on sale of business)
20,557

 
4,520

 
6,150

Income Tax Expense
7,818

 
4,901

 
5,133

Net Income
$
10,000

 
$
11,215

 
$
17,746

Net Income (Loss) Attributable to Noncontrolling Interests
$
(539
)
 
$
3,688

 
$
5,862

 
 
 
 
 
 
Eliminations
 
 
 
 
 
Operating Revenues
$
(1,176
)
 
$
(2,517
)
 
$
(3,024
)
Costs and Expenses:
 
 
 
 
 
Operating
(1,289
)
 
(2,862
)
 
(2,942
)
Administrative and general
(42
)
 
(100
)
 
(124
)
 
(1,331
)
 
(2,962
)
 
(3,066
)
Operating Income
155

 
445

 
42

Other Income, Net
1,738

 
3,732

 
608

Income Tax Expense
663

 
1,462

 
228

Net Income
$
1,230

 
$
2,715

 
$
422

 
 
 
 
 
 
Loss from Discontinued Operations, Net of Tax
$
(23,637
)
 
$
(119,221
)
 
$
(8,678
)