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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2012
Summarized Financial Information of Segments

Summarized financial information is shown in the following tables:

 

     Three Months Ended
March 31,
 
     2012     2011  
    

(Unaudited)

(In thousands)

 

Revenues(1):

    

Asia Pacific

   $ 297,035      $ 474,813   

Atlantic

     99,604        39,894   

Middle East

     331,039        384,533   
  

 

 

   

 

 

 

Total revenues

   $ 727,678      $ 899,240   
  

 

 

   

 

 

 

Operating income:

    

Asia Pacific

   $ 57,434      $ 38,879   

Atlantic

     (11,993     (17,637

Middle East

     34,735        79,056   
  

 

 

   

 

 

 

Total operating income

   $ 80,176      $ 100,298   
  

 

 

   

 

 

 

Capital expenditures(2):

    

Asia Pacific

   $ 16,565      $ 26,986   

Atlantic

     11,875        28,752   

Middle East

     15,776        7,711   

Corporate and Other

     535        537   
  

 

 

   

 

 

 

Total capital expenditures

   $ 44,751      $ 63,986   
  

 

 

   

 

 

 

Depreciation and amortization:

    

Asia Pacific

   $ 4,857      $ 5,736   

Atlantic

     7,184        3,793   

Middle East

     7,494        7,363   

Corporate and Other

     3,741        3,633   
  

 

 

   

 

 

 

Total depreciation and amortization

   $ 23,276      $ 20,525   
  

 

 

   

 

 

 

 

(1)

Intersegment transactions included in revenues were not significant for either of the periods presented.

(2) 

Total capital expenditures exclude approximately $13 million and $4 million in accrued capital expenditures for the three months ended March 31, 2012 and 2011, respectively.

 

     March 31,
2012
     December 31,
2011
 
     (Unaudited)  
     (In thousands)  

Segment assets:

     

Asia Pacific

   $ 1,065,504       $ 934,134   

Atlantic

     326,337         419,258   

Middle East

     1,185,590         1,065,478   

Corporate and other

     487,963         515,176   
  

 

 

    

 

 

 

Total continuing operations

     3,065,394         2,934,046   

Total discontinued operations

     —           58,768   
  

 

 

    

 

 

 

Total assets

   $ 3,065,394       $ 2,992,814