SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2012

Summarized Financial Information of Segments

Summarized financial information is shown in the following tables:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(Unaudited) (In thousands)
Revenues(1):
Asia Pacific	$	468,200		$	528,453		$	1,103,699		$	1,551,099
Atlantic		125,317			74,683			335,225			167,129
Middle East		435,228			276,758			1,206,747			910,707
Total revenues	$	1,028,745		$	879,894		$	2,645,671		$	2,628,935
Operating income (loss):
Asia Pacific	$	52,192		$	44,960		$	156,231		$	142,350
Atlantic		(10,714	)		(37,020	)		(36,749	)		(71,264	)
Middle East		41,003			27,276			122,557			148,207
Total operating income	$	82,481		$	35,216		$	242,039		$	219,293
Capital expenditures(2):
Asia Pacific	$	14,908		$	20,924		$	53,139		$	59,341
Atlantic		16,454			46,649			80,944			129,549
Middle East		15,286			17,522			41,997			31,014
Corporate and Other		975			5,095			3,204			11,968
Total capital expenditures	$	47,623		$	90,190		$	179,284		$	231,872
Depreciation and amortization:
Asia Pacific	$	5,375		$	6,621		$	15,467		$	18,973
Atlantic		3,554			3,494			16,849			10,735
Middle East		6,929			7,600			21,977			21,529
Corporate and Other		4,224			2,086			11,663			8,663
Total depreciation and amortization	$	20,082		$	19,801		$	65,956		$	59,900
Drydock amortization:
Asia Pacific	$	2,241		$	2,817		$	8,230		$	8,153
Atlantic		4,971			2,595			11,284			8,291
Middle East		787			625			2,092			1,892
Total drydock amortization	$	7,999		$	6,037		$	21,606		$	18,336

⁽¹⁾  Intersegment transactions included in revenues were not significant for the periods presented.

⁽²⁾  Total capital expenditures exclude accrued capital expenditures of approximately $1.2 million and $9.5 million for the nine months ended September 30, 2012 and 2011, respectively.

	September 30, 2012		December 31, 2011
	(Unaudited)
	(In thousands)
Segment assets:
Asia Pacific	$	1,303,595	$	934,134
Atlantic		545,897		419,258
Middle East		1,124,358		1,065,478
Corporate and Other		390,193		515,176
Total continuing operations		3,364,043		2,934,046
Total discontinued operations		—		58,768
Total assets	$	3,364,043	$	2,992,814