Annual report pursuant to Section 13 and 15(d)

Major Customers And Segment Information (Tables)

v3.8.0.1
Major Customers And Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
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.
 
Ocean
Services
$’000
 
Inland
Services
$’000
 
Witt
O’Brien’s
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
352,876

 
175,496

 
49,055

 
464

 

 
577,891

Intersegment

 

 
101

 

 
(101
)
 

 
352,876

 
175,496

 
49,156

 
464

 
(101
)
 
577,891

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
Operating
195,285

 
133,880

 
32,017

 

 
(301
)
 
360,881

Administrative and general
36,548

 
16,558

 
13,438

 
831

 
35,731

 
103,106

Depreciation and amortization
46,073

 
25,852

 
819

 

 
2,314

 
75,058

 
277,906

 
176,290

 
46,274

 
831

 
37,744

 
539,045

Gains (Losses) on Asset Dispositions and Impairments, Net
(323
)
 
11,960

 

 

 

 
11,637

Operating Income (Loss)
74,647

 
11,166

 
2,882

 
(367
)
 
(37,845
)
 
50,483

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
Derivative gains, net

 

 

 

 
19,727

 
19,727

Foreign currency gains (losses), net
(130
)
 
272

 
50

 
6

 
125

 
323

Other, net
327

 

 

 
(301
)
 
230

 
256

Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
7,664

 
(5,191
)
 
174

 
305

 

 
2,952

Segment Profit (Loss)
82,508

 
6,247

 
3,106

 
(357
)
 
 
 
 
Other Income (Expense) not included in Segment Profit
 
 
 
 
 
 
 
(35,584
)
Less Equity in Earnings included in Segment Profit
 
 
 
 
 
 
 
(2,952
)
Income Before Taxes and Equity Earnings
 
 
 
 
 
 
35,205

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
80,006

 
34,322

 
60

 

 
207

 
114,595

 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Property and Equipment:
 
 
 
 
 
 
 
 
 
 
 
Historical cost
875,090

 
445,293

 
1,227

 

 
30,131

 
1,351,741

Accumulated depreciation
(299,528
)
 
(181,573
)
 
(938
)
 

 
(20,505
)
 
(502,544
)
 
575,562

 
263,720

 
289

 

 
9,626

 
849,197

Construction in progress
25,986

 
2,742

 

 

 

 
28,728

 
601,548

 
266,462

 
289

 

 
9,626

 
877,925

Investments, at Equity, and Advances to 50% or Less Owned Companies
52,003

 
66,479

 
777

 
54,182

 

 
173,441

Inventories
2,352

 
1,934

 
91

 

 

 
4,377

Goodwill
1,852

 
2,403

 
28,506

 

 

 
32,761

Intangible Assets
10,293

 
10,486

 
7,327

 

 

 
28,106

Other current and long-term assets, excluding cash and near cash assets(1)
49,498

 
71,500

 
28,398

 
1,391

 
9,611

 
160,398

Segment Assets
717,546

 
419,264

 
65,388

 
55,573

 
 
 
 
Cash and near cash assets(1)
 
 
 
 
 
 
 
 
 
 
336,328

Total Assets
 
 
 
 
 
 
 
 
 
 
1,613,336

______________________
(1)
Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities and construction reserve funds
 
Ocean
Services
$’000
 
Inland
Services
$’000
 
Witt
O’Brien’s
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
229,643

 
167,543

 
42,797

 
482

 

 
440,465

Intersegment

 

 
119

 

 
(119
)
 

 
229,643

 
167,543

 
42,916

 
482

 
(119
)
 
440,465

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
Operating
122,631

 
124,460

 
28,561

 

 
(397
)
 
275,255

Administrative and general
27,825

 
14,616

 
16,214

 
1,001

 
26,706

 
86,362

Depreciation and amortization
31,162

 
26,327

 
1,539

 

 
3,537

 
62,565

 
181,618

 
165,403

 
46,314

 
1,001

 
29,846

 
424,182

Gains (Losses) on Asset Dispositions and Impairments, Net
411

 
3,193

 
(29,587
)
 

 

 
(25,983
)
Operating Income (Loss)
48,436

 
5,333

 
(32,985
)
 
(519
)
 
(29,965
)
 
(9,700
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
Derivative losses, net

 

 

 

 
(14,131
)
 
(14,131
)
Foreign currency gains (losses), net
(18
)
 
1,722

 
(181
)
 
(1
)
 
(78
)
 
1,444

Other, net
(6,224
)
 
(4
)
 

 
(12,608
)
 
120

 
(18,716
)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
(4,697
)
 
(15,944
)
 
305

 
(704
)
 

 
(21,040
)
Segment Profit (Loss)
37,497

 
(8,893
)
 
(32,861
)
 
(13,832
)
 
 
 
 
Other Income (Expense) not included in Segment Loss
 
 
 
 
 
 
 
(51,133
)
Less Equity Losses included in Segment Loss
 
 
 
 
 
 
 
21,040

Loss Before Taxes and Equity Earnings
 
 
 
 
 
 
(92,236
)
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
215,837

 
36,803

 
2

 

 
164

 
252,806

 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Property and Equipment:
 
 
 
 
 
 
 
 
 
 
 
Historical cost
727,602

 
419,714

 
1,559

 

 
29,681

 
1,178,556

Accumulated depreciation
(258,004
)
 
(167,127
)
 
(1,244
)
 

 
(18,184
)
 
(444,559
)
 
469,598

 
252,587

 
315

 

 
11,497

 
733,997

Construction in progress
233,214

 
13,003

 

 

 
(207
)
 
246,010

 
702,812

 
265,590

 
315

 

 
11,290

 
980,007

Investments, at Equity, and Advances to 50% or Less Owned Companies
51,620

 
69,181

 
566

 
54,094

 

 
175,461

Inventories
843

 
1,602

 
137

 

 

 
2,582

Goodwill
1,852

 
2,400

 
28,506

 

 

 
32,758

Intangible Assets

 
12,018

 
8,060

 

 

 
20,078

Other current and long-term assets, excluding cash and near cash assets(1)
29,801

 
88,165

 
14,284

 
11,193

 
21,576

 
165,019

Segment Assets
786,928

 
438,956

 
51,868

 
65,287

 
 
 
 
Cash and near cash assets(1)
 
 
 
 
 
 
 
 
 
 
410,777

Discontinued Operations
 
 
 
 
 
 
 
 
 
 
1,075,639

Total Assets
 
 
 
 
 
 
 
 
 
 
2,862,321

______________________
(1)
Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities and construction reserve funds
 
Ocean
Services
$’000
 
Inland
Services
$’000
 
Witt
O’Brien’s
$’000
 
Other
$’000
 
Corporate
and
Eliminations
$’000
 
Total
$’000
For the year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Operating Revenues:
 
 
 
 
 
 
 
 
 
 
 
External customers
227,142

 
230,482

 
49,857

 
14,506

 

 
521,987

Intersegment

 

 
127

 

 
(127
)
 

 
227,142

 
230,482

 
49,984

 
14,506

 
(127
)
 
521,987

Costs and Expenses:
 
 
 
 
 
 
 
 
 
 
 
Operating
129,039

 
168,015

 
21,899

 
13,054

 
(399
)
 
331,608

Administrative and general
26,215

 
15,567

 
24,096

 
2,546

 
32,919

 
101,343

Depreciation and amortization
26,296

 
28,632

 
1,711

 
5

 
3,712

 
60,356

 
181,550

 
212,214

 
47,706

 
15,605

 
36,232

 
493,307

Gains (Losses) on Asset Dispositions, Net

 
14,868

 
(27
)
 
(232
)
 

 
14,609

Operating Income (Loss)
45,592

 
33,136

 
2,251

 
(1,331
)
 
(36,359
)
 
43,289

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

 
294

 

 
(472
)
 
2,099

 
1,921

Foreign currency losses, net
(30
)
 
(3,726
)
 
(36
)
 
(11
)
 
(922
)
 
(4,725
)
Other, net
2,053

 

 
19

 
33

 
295

 
2,400

Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
(18,782
)
 
(31,200
)
 
135

 
676

 

 
(49,171
)
Segment Profit (Loss)
28,833

 
(1,496
)
 
2,369

 
(1,105
)
 
 
 
 
Other Income (Expense) not included in Segment Profit
 
 
 
 
 
 
 
(44,636
)
Less Equity Losses included in Segment Profit
 
 
 
 
 
 
 
49,171

Loss Before Taxes and Equity Earnings
 
 
 
 
 
 
(1,751
)
 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
134,581

 
69,736

 
409

 

 
(1,273
)
 
203,453

 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Property and Equipment
 
 
 
 
 
 
 
 
 
 
 
Historical cost
454,144

 
485,144

 
3,338

 

 
30,700

 
973,326

Accumulated depreciation
(239,076
)
 
(171,271
)
 
(2,834
)
 

 
(14,648
)
 
(427,829
)
 
215,068

 
313,873

 
504

 

 
16,052

 
545,497

Construction in progress
335,113

 
17,807

 

 

 
(1,645
)
 
351,275

 
550,181

 
331,680

 
504

 

 
14,407

 
896,772

Investments, at Equity, and Advances to 50% or Less Owned Companies
64,499

 
81,363

 
344

 
54,887

 

 
201,093

Inventories
701

 
1,493

 

 

 

 
2,194

Goodwill
1,852

 
2,364

 
48,124

 

 

 
52,340

Intangible Assets

 
5,961

 
19,382

 

 

 
25,343

Other current and long-term assets, excluding cash and near cash assets(1)
28,359

 
72,180

 
14,780

 
16,014

 
7,014

 
138,347

Segment Assets
645,592

 
495,041

 
83,134

 
70,901

 
 
 
 
Cash and near cash assets(1)
 
 
 
 
 
 
 
 
 
 
582,633

Discontinued operations
 
 
 
 
 
 
 
 
 
 
1,286,697

Total Assets
 
 
 
 
 
 
 
 
 
 
3,185,419

______________________
(1)
Cash and near cash assets includes cash, cash equivalents, marketable securities and construction reserve funds.