Annual report pursuant to Section 13 and 15(d)

Investments, At Equity, And Advances To 50% Or Less Owned Companies (Tables)

v3.8.0.1
Investments, At Equity, And Advances To 50% Or Less Owned Companies (Tables)
12 Months Ended
Dec. 31, 2017
Equity Method Investment, Summarized Financial Information [Abstract]  
Summarized Financial Information For The Company's Investments, At Equity
Summarized financial information for SCFCo as of and for the years ended December 31 was as follows (in thousands):
 
2017
 
2016
 
 
Current assets
$
7,924

 
$
8,549

 
 
Property and equipment, net
137,224

 
154,186

 
 
Current liabilities
14,263

 
14,825

 
 
Noncurrent liabilities
54,179

 
59,601

 
 
 
2017
 
2016
 
2015
Operating Revenues
$
44,177

 
$
43,711

 
$
82,835

Costs and Expenses:
 
 
 
 
 
Operating and administrative
40,106

 
38,980

 
73,587

Depreciation
17,803

 
17,560

 
17,751

 
57,909

 
56,540

 
91,338

Operating Loss
(13,732
)
 
(12,829
)
 
(8,503
)
Interest expense
(6,120
)
 
(6,565
)
 
(10,514
)
Other expense, net
(961
)
 
(657
)
 
(2,141
)
Net Loss
$
(20,813
)
 
$
(20,051
)
 
$
(21,158
)
Summarized financial information for Dorian for the year ended December 31 was as follows (in thousands):
 
2015(1)
Operating Revenues
$
239,206

Operating Income
126,820

Net Income
118,356

Investments, at equity, and advances to 50% or less owned companies as of December 31 were as follows (in thousands):
 
Ownership
 
2017
 
2016
Ocean Services:
 
 
 
 
 
Trailer Bridge(1)
55.3%
 
47,324

 
43,050

RF Vessel Holdings
50.0%
 
2,378

 

Golfo de Mexico
50.0%
 
2,500

 

KSM
50.0%
 
(199
)
 

SeaJon
50.0%
 

 
8,570

 
 
 
52,003

 
51,620

Inland Services:
 
 
 
 
 
SCFCo
50.0%
 
42,126

 
46,028

Bunge-SCF Grain
50.0%
 
16,166

 
16,176

SCF Bunge Marine(1)
57.0%
 
5,404

 
4,233

Other
50.0%
 
2,783

 
2,744

 
 
 
66,479

 
69,181

Witt O’Brien’s:
 
 
 
 
 
O’Brien’s do Brazil
50.0%
 
777

 
566

Other:
 
 
 
 
 
Hawker Pacific
34.2%
 
21,681

 
20,418

VA&E
41.3%
 
13,596

 
11,133

Avion
39.1%
 
11,400

 
14,783

Cleancor
50.0%
 
5,134

 
5,373

Other
34.0%
47.5
%
 
2,371

 
2,387

 
 
 
54,182

 
54,094

 
 
 
173,441

 
175,461


______________________
(1)
The Company’s ownership percentage represents its economic interest in the joint venture.
Combined Condensed Financial Information. Summarized financial information for the Company’s investments, at equity, excluding Dorian, SCFCo and Trailer Bridge, as of and for the years ended December 31 was as follows (in thousands):
 
2017
 
2016
 
 
Current assets
523,343

 
573,035

 
 
Noncurrent assets
124,733

 
141,549

 
 
Current liabilities
407,812

 
526,830

 
 
Noncurrent liabilities
81,899

 
27,461

 
 
 
2017
 
2016
 
2015
Operating Revenues
$
1,068,190

 
1,019,658

 
869,973

Costs and Expenses:
 
 
 
 
 
Operating and administrative
1,035,952

 
951,019

 
794,120

Depreciation
11,810

 
24,936

 
37,511

 
1,047,762

 
975,955

 
831,631

Gains (Losses) on Asset Dispositions and Impairments, Net
16,115

 
(6,339
)
 
27

Operating Income
$
36,543

 
37,364

 
38,369

Net Income
$
23,383

 
4,961

 
19,831