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SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Information about Operations in Different Segments

Summarized financial information is shown in the following tables:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Revenues(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AEA

 

$

86,810

 

 

$

104,701

 

 

$

149,435

 

 

$

248,014

 

MEA

 

 

317,834

 

 

 

420,221

 

 

 

588,089

 

 

 

574,021

 

ASA

 

 

301,983

 

 

 

521,615

 

 

 

698,135

 

 

 

774,965

 

Total revenues

 

$

706,627

 

 

$

1,046,537

 

 

$

1,435,659

 

 

$

1,597,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)(2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AEA

 

$

3,168

 

 

$

6,176

 

 

$

(21,753

)

 

$

22,433

 

MEA

 

 

41,959

 

 

 

30,823

 

 

 

80,426

 

 

 

36,065

 

ASA

 

 

12,274

 

 

 

17,157

 

 

 

37,407

 

 

 

9,731

 

Corporate

 

 

(413

)

 

 

(5,043

)

 

 

(3,099

)

 

 

(5,810

)

Total operating income

 

$

56,988

 

 

$

49,113

 

 

$

92,981

 

 

$

62,419

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures(3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

941

 

 

$

516

 

 

$

3,526

 

 

$

3,429

 

     MEA

 

 

2,469

 

 

 

4,828

 

 

 

4,703

 

 

 

14,942

 

     ASA

 

 

134,567

 

 

 

18,669

 

 

 

161,575

 

 

 

29,493

 

     Corporate and Other

 

 

797

 

 

 

-

 

 

 

870

 

 

 

121

 

Total capital expenditures

 

$

138,774

 

 

$

24,013

 

 

$

170,674

 

 

$

47,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

7,172

 

 

$

10,464

 

 

$

14,315

 

 

$

23,287

 

     MEA

 

 

6,033

 

 

 

9,019

 

 

 

10,844

 

 

 

14,757

 

     ASA

 

 

6,060

 

 

 

3,862

 

 

 

12,449

 

 

 

7,778

 

     Corporate and Other

 

 

2,130

 

 

 

2,699

 

 

 

4,389

 

 

 

5,549

 

Total depreciation and amortization

 

$

21,395

 

 

$

26,044

 

 

$

41,997

 

 

$

51,371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drydock amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

2,234

 

 

$

3,161

 

 

$

5,410

 

 

$

6,244

 

     MEA

 

 

529

 

 

 

550

 

 

 

1,064

 

 

 

1,163

 

     ASA

 

 

229

 

 

 

675

 

 

 

458

 

 

 

2,251

 

Total drydock amortization

 

$

2,992

 

 

$

4,386

 

 

$

6,932

 

 

$

9,658

 

(1)

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

(2)

The AEA segment’s operating results for the six months ended June 30, 2016 include an impairment charge of $32 million related to the Agile vessel. The ASA segment’s operating results in the six months ended June 30, 2015 included a $4 million impairment charge for the DB 101 and $3 million of loss on disposal of this asset.

(3)

Total capital expenditures represent expenditures for which cash payments were made during the period. Capital expenditures for the three months ended June 30, 2016 included $1 million of cash payments for liabilities outstanding as of March 31, 2016 and for the six months ended June 30, 2016 excluded $2 million in accrued liabilities outstanding at the end of the period. Capital expenditures for the three and six months ended June 30, 2015 included $8 million and $11 million, respectively, of cash payments for accrued capital expenditures outstanding at the end of the respective periods.

 
Information about Segment Assets by Country

 

 

June 30, 2016

 

 

December 31, 2015

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

AEA

 

$

751,607

 

 

$

896,822

 

MEA

 

 

942,281

 

 

 

971,170

 

ASA

 

 

915,546

 

 

 

774,365

 

Corporate and Other

 

 

564,494

 

 

 

744,719

 

 

 

$

3,173,928

 

 

$

3,387,076