SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2013

Information about Operations in Different Segments

Information about Operations:


	Year Ended December 31,
	2013			2012			2011
Revenues:
Asia Pacific	$	953,838		$	1,575,682		$	1,898,033
Atlantic		534,431			474,061			267,019
Middle East		1,170,663			1,591,881			1,280,058

Total revenues⁽¹⁾	$	2,658,932		$	3,641,624		$	3,445,110

Operating income:
Asia Pacific	$	(75,513	)	$	242,148		$	202,969
Atlantic		(177,025	)		(66,883	)		(174,152	)
Middle East		(212,252	)		144,062			221,906

Total operating income	$	(464,790	)	$	319,327		$	250,723

Capital expenditures:
Asia Pacific	$	117,060		$	219,920		$	86,081
Atlantic		21,757			32,699			147,062
Middle East		127,918			29,736			35,762
Corporate and Other		17,227			3,955			13,716

Total capital expenditures	$	283,962		$	286,310		$	282,621

Depreciation and amortization:
Asia Pacific	$	18,693		$	23,797		$	25,698
Atlantic		26,674			24,589			15,348
Middle East		31,813			31,119			28,740
Corporate and Other		7,400			6,935			12,605

Total depreciation and amortization	$	84,580		$	86,440		$	82,391

Drydock amortization:
Asia Pacific	$	8,917		$	9,487		$	10,831
Atlantic		7,417			13,569			11,165
Middle East		2,133			2,489			2,571

Total drydock amortization	$	18,467		$	25,545		$	24,567

(1)

Intercompany transactions were not significant for the years ended December 31, 2013, 2012 and 2011.

(2)

Total capital expenditures represent expenditures for which cash payments were made during the period. These amounts exclude approximately $48.3 million in accrued capital expenditures for the year ended December 31, 2013. There were no accrued capital expenditures for the year ended December 31, 2012.

Significant Impact of Customers on Company Segments

Our customers, which significantly impacted our segments during the years ended December 31, 2013, 2012 and 2011 were as follows:


	% of Consolidated Revenues			Reportable Segment
Year Ended December 31, 2013:
Saudi Aramco		25	%	Middle East
Azerbaijan International Oil Company		13	%	Middle East
Year Ended December 31, 2012:
Exxon Mobil Corporation		24	%	Asia Pacific
Saudi Aramco		22	%	Middle East
BHP Billiton Petroleum Pty Ltd.		10	%	Asia Pacific
Year Ended December 31, 2011:
Exxon Mobil Corporation		36	%	Asia Pacific
Saudi Aramco		24	%	Middle East
Chevron Corporation		10	%	Asia Pacific

Information about Service Lines and Operations in Different Geographic Areas

Information about our Service Lines and Operations in Different Geographic Areas:


	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Service line revenues:
Installation Operations	$	1,155,516	$	1,885,143	$	1,907,512
Fabrication Operations		370,854		487,215		446,426
Project Services and Engineering Operations		341,084		337,774		343,357
Procurement Activities		791,478		931,492		747,815

	$	2,658,932	$	3,641,624	$	3,445,110

Geographic revenues:
Saudi Arabia	$	720,879	$	1,057,930	$	955,929
Australia		481,123		1,485,503		1,398,868
Azerbaijan		345,742		268,419		5,022
Malaysia		329,689		67,553		2,876
Brazil		176,475		87,597		53,263
Indonesia		144,538		—		—
United States		126,986		119,785		57,472
Mexico		117,813		55,974		52,350
India		73,867		98,305		94,503
Trinidad		65,917		63,367		24,863
Equatorial Guinea		22,561		146,912		80,196
United Arab Emirates		19,528		156,395		139,400
Qatar		6,798		9,910		83,028
Thailand		248		7,580		261,040
Vietnam		—		11,771		127,954
Other Countries		26,768		4,623		108,346

	$	2,658,932	$	3,641,624	$	3,445,110

Information about Segment Assets and Property, Plant and Equipment by Country

Information about our Segment Assets and Property, Plant and Equipment by Country:


	December 31,
	2013		2012		2011
	(In thousands)
Segment assets:
Asia Pacific	$	1,030,823	$	1,402,923	$	934,134
Atlantic		522,713		536,734		419,258
Middle East		1,129,529		1,006,284		1,065,478
Corporate and Other		124,306		387,686		515,176

Total continuing operations		2,807,371		3,333,627		2,934,046
Total assets attributable to discontinued operations		—		—		58,768

Total assets	$	2,807,371	$	3,333,627	$	2,992,814

Property, plant and equipment, net⁽¹⁾:
Singapore	$	306,948	$	324,106
Malaysia		240,042		—
Brazil		192,101		52,955
Saudi Arabia		191,400		102,334
Indonesia		154,630		144,322
United Arab Emirates		145,635		110,292
Mexico		96,830		61,390
Spain		94,917		15,159
United States		54,647		201,815
Australia		14		212,955
Other Countries		1,513		56,463

Total property, plant and equipment, net	$	1,478,677	$	1,281,791

(1)

Our marine vessels are included in the country in which they were located as of year-end.

Other Information about Segment

Information about our Unconsolidated Affiliates:


	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Equity in loss of unconsolidated affiliates:
Asia Pacific	$	(10,738	)	$	(10,123	)	$	(4,432	)
Atlantic		(4,275	)		(6,016	)		(23	)
Corporate and Other		(1,103	)		(580	)		(530	)

Total Equity in loss of unconsolidated affiliates	$	(16,116	)	$	(16,719	)	$	(4,985	)

Investments in unconsolidated affiliates:
Asia Pacific	$	49,423		$	31,377
Atlantic		120			3,909
Corporate and Other		993			2,149

Total Investments in unconsolidated affiliates	$	50,536		$	37,435

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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