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Note 16 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
[2]
Jun. 30, 2016
[3]
Mar. 31, 2016
[4]
Dec. 31, 2015
Sep. 30, 2015
[2]
Jun. 30, 2015
[3]
Mar. 31, 2015
[4]
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Total Revenues $ 90,921 [1] $ 104,238 $ 107,035 $ 95,036 $ 97,285 [1] $ 106,544 $ 143,147 $ 170,987 $ 397,230 $ 517,963 $ 942,891
Depreciation and amortization                 131,302 152,990 174,970
Operating income (loss)                 (95,760) (145,003) (142,891)
Capital expenditures                 19,779 62,451 251,158
Total assets 910,446       1,066,529       910,446 1,066,529 1,829,161
Operating Segments [Member]                      
Total Revenues                 397,230 517,963  
Intersegment Eliminations [Member]                      
Total Revenues                  
Canadian Segment [Member]                      
Total Revenues                 278,464 344,249 661,416
Depreciation and amortization                 80,837 89,269 91,893
Operating income (loss)                 (59,351) (73,215) 106,580
Capital expenditures                 3,773 41,446 218,620
Total assets 548,786       579,816       548,786 579,816 1,024,990
Canadian Segment [Member] | Operating Segments [Member]                      
Total Revenues                 278,464 344,249 661,721
Canadian Segment [Member] | Intersegment Eliminations [Member]                      
Total Revenues                 (305)
Australian Segment [Member]                      
Total Revenues                 106,815 135,964 213,279
Depreciation and amortization                 45,883 51,392 62,924
Operating income (loss)                 (6,853) (24,817) (155,851)
Capital expenditures                 5,682 12,160 24,907
Total assets 376,008       424,731       376,008 424,731 669,789
Australian Segment [Member] | Operating Segments [Member]                      
Total Revenues                 106,815 135,964 213,279
Australian Segment [Member] | Intersegment Eliminations [Member]                      
Total Revenues                
US Segment [Member]                      
Total Revenues                 11,951 37,750 68,196
Depreciation and amortization                 5,433 11,833 20,281
Operating income (loss)                 (24,616) (40,083) (86,959)
Capital expenditures                 6 2,170 10,901
Total assets 29,799       71,710       29,799 71,710 135,681
US Segment [Member] | Operating Segments [Member]                      
Total Revenues                 11,951 40,146 123,328
US Segment [Member] | Intersegment Eliminations [Member]                      
Total Revenues                 (2,396) (55,132)
Corporate and Other [Member]                      
Depreciation and amortization                 (851) 496 (128)
Operating income (loss)                 (4,940) (6,888) (6,661)
Capital expenditures                 10,318 6,675 (3,270)
Total assets $ (44,147)       $ (9,728)       (44,147) (9,728) (1,299)
Corporate and Other [Member] | Operating Segments [Member]                      
Total Revenues                 (2,396) (55,437)
Corporate and Other [Member] | Intersegment Eliminations [Member]                      
Total Revenues                 $ 2,396 $ 55,437
[1] In the fourth quarter of 2015, we recognized the following items: ? Costs associated with our migration to Canada of $1.9 million ($1.2 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? A foreign currency gain of $3.6 million that should have been recorded in the third quarter of 2015. We determined that the error was not material to our financial statements for the period ended September 30, 2015 and therefore corrected the error in the fourth quarter of 2015. 126 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Amounts are calculated independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total calculated for the year.
[2] In the third quarter of 2016, we recognized the following items: ? A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. In the third quarter of 2015, we recognized the following items: ? Goodwill impairment losses of $43.2 million ($43.2 million after-tax, or $0.40 per diluted share), which are related to our Canadian segment, and are included in Impairment expense on the accompanying consolidated statements of operations. ? Fixed asset and intangible asset impairment losses of $67.5 million ($46.9 million after-tax, or $0.44 per diluted share), of which $20.5 million related to our U.S. segment, $24.0 million related to our Australian segment and $23.0 million related to our Canadian segment, and is included in Impairment expense on the accompanying consolidated statements of operations. The Canadian segment included $11.9 million related to assets that should have been impaired in the fourth quarter of 2014. We determined that the error was not material to our financial statements for the year ended December 31, 2014 and therefore corrected the error in the third quarter of 2015. ? Costs associated with our migration to Canada of $1.5 million ($1.0 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? $1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt.
[3] In the second quarter of 2016, we recognized the following items: ? Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. In the second quarter of 2015, we recognized the following items: ? A charge of $9.5 million ($6.6 million after-tax, or $0.06 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our Australia segment, is included in Impairment expense on the accompanying consolidated statements of operations. ? Costs associated with our migration to Canada of $2.4 million ($1.6 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations.
[4] In the first quarter of 2016, we recognized the following items: ? Costs associated with our planned migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? A charge of $8.4 million ($8.4 million after-tax, or $0.05 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations. 125 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) In the first quarter of 2015, we recognized the following items: ? Costs associated with our planned migration to Canada of $1.1 million ($0.8 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. ? A loss of $3.8 million ($2.4 million after-tax, or $0.02 per diluted share) of which $1.1 million is included in cost of sales and services and $2.7 million is included in impairment expense. This charge relates to the decision to close a manufacturing facility in the United States. As a result, the related assets were written down to their estimated sales proceeds, less costs to sell.