SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

Information about Operations in Different Segments

1. Information about Operations:

	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Revenues ⁽¹⁾:
AEA	$	478,800		$	567,608		$	537,290
MEA		1,134,555			795,666			1,167,804
ASA		1,456,920			937,615			953,838
Total revenues⁽¹⁾:	$	3,070,275		$	2,300,889		$	2,658,932

Operating income (loss):
AEA	$	(19,741	)	$	(49,337	)	$	(215,362	)
MEA		108,227			11,421			(169,224	)
ASA		15,563			55,412			(72,159	)
Corporate		(12,853	)		(8,942	)		-
Total operating income (loss)	$	91,196		$	8,554		$	(456,745	)

Capital expenditures⁽²⁾:
AEA	$	13,715		$	53,431		$	22,177
MEA		28,328			99,974			127,498
ASA		60,220			154,735			117,060
Corporate		588			13,047			17,227
Total capital expenditures:	$	102,851		$	321,187		$	283,962

Depreciation and amortization:
AEA	$	43,006		$	34,494		$	26,788
MEA		30,567			31,876			31,699
ASA		16,880			19,020			18,693
Corporate		9,881			7,795			7,400
Total depreciation and amortization:	$	100,334		$	93,185		$	84,580

Drydock amortization
AEA	$	12,554		$	11,453		$	7,417
MEA		2,089			2,011			2,133
ASA		3,304			6,255			8,917
Total drydock amortization	$	17,947		$	19,719		$	18,467

(1)	Intercompany transactions were not significant during 2015, 2014 and 2013.

(2)

Total capital expenditures represent expenditures for which cash payments were made during the period. Capital expenditures for 2015 and 2014 include $14 million and $27 million of cash payments for accrued capital expenditures outstanding at December 31, 2014 and 2013, respectively. Capital expenditures for 2013 exclude approximately $48 million in accrued capital expenditures.

Significant Impact of Customers on Company Segments

2. Information about our most significant Customers

Our significant customers by segments during 2015, 2014 and 2013, were as follows:

	% of
	Consolidated		Reportable
	Revenues		Segment
Year Ended December 31, 2015:
Inpex Operations Australia Pty Ltd		36%	ASA
Saudi Aramco		28%	MEA
Year Ended December 31, 2014:
Saudi Aramco		27%	MEA
Inpex Operations Australia Pty Ltd		25%	ASA
Year Ended December 31, 2013:
Saudi Aramco		25%	MEA
Azerbaijan International Oil Company		13%	MEA

Information about Service Lines and Operations in Different Geographic Areas

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

	Year Ended December 31,
	2015		2014		2013
	(In thousands)
Service line revenues:
Installation Operations	$	1,256,412	$	1,041,525	$	1,155,516
Fabrication Operations		273,628		266,854		370,854
Project Services and Engineering Operations		416,906		314,776		341,084
Procurement Activities		1,123,329		677,734		791,478
	$	3,070,275	$	2,300,889	$	2,658,932

Geographic revenues:
Australia	$	1,157,723	$	614,164	$	481,123
Saudi Arabia		900,483		616,659		720,879
Mexico		247,859		130,642		117,813
Brunei		237,337		-		-
United Arab Emirates		185,606		57,249		19,528
Brazil		183,656		290,561		176,475
Indonesia		54,288		150,205		144,538
Qatar		46,873		-		-
United States		32,858		148,606		126,986
Azerbaijan		-		111,382		345,742
Malaysia		-		98,004		329,689
Other countries		23,592		83,417		196,159
	$	3,070,275	$	2,300,889	$	2,658,932

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

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

	Year Ended December 31,
	2015		2014		2013
	(In thousands)
Segment assets:
AEA	$	896,822	$	976,179	$	531,649
MEA		971,170		990,671		1,116,916
ASA		774,365		601,394		1,030,823
Corporate and Other		744,719		848,635		124,306
Total assets	$	3,387,076	$	3,416,879	$	2,803,694

Property, plant and equipment, net⁽¹⁾:
United States	$	561,990	$	60,789	$	54,647
Indonesia		521,922		189,064		154,630
United Arab Emirates		341,502		306,320		145,635
Mexico		96,090		245,226		96,830
Malaysia		49,609		-		240,042
Brazil		31,765		458,199		192,101
Saudi Arabia		4,522		20,561		191,400
Singapore		638		219,570		306,948
Spain		-		154,078		94,917
Other countries		2,821		3,541		1,527
Total property, plant and equipment, net	$	1,610,859	$	1,657,348	$	1,478,677

⁽¹⁾	Our marine vessels are included in the country in which they were located as of year-end.

Other Information about Segment

5. Information about our Unconsolidated Affiliates:

	Year Ended December 31,
	2015			2014			2013
	(In thousands)
Equity in loss of unconsolidated affiliates:
AEA	$	(6,255	)	$	4,829		$	(4,275	)
MEA		(94	)		(2,668	)		(1,103	)
ASA		(15,137	)		(10,009	)		(10,738	)
Total equity in loss of unconsolidated affiliates:	$	(21,486	)	$	(7,848	)	$	(16,116	)

Investments in unconsolidated affiliates:
AEA	$	1,540		$	1,598
ASA		24,327			35,722
Corporate		684			866
Total Investments in unconsolidated affiliates	$	26,551		$	38,186