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

Summarized financial information is shown in the following tables:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Revenues(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AEA

 

$

69,699

 

 

$

96,371

 

 

$

219,134

 

 

$

344,385

 

MEA

 

 

334,731

 

 

 

318,346

 

 

 

922,820

 

 

 

892,367

 

ASA

 

 

154,113

 

 

 

391,140

 

 

 

852,248

 

 

 

1,166,105

 

Total revenues

 

$

558,543

 

 

$

805,857

 

 

$

1,994,202

 

 

$

2,402,857

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)(2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AEA

 

$

(4,884

)

 

$

(15,753

)

 

$

(26,637

)

 

$

6,680

 

MEA

 

 

48,629

 

 

 

38,981

 

 

 

129,055

 

 

 

75,046

 

ASA

 

 

(575

)

 

 

16,336

 

 

 

36,832

 

 

 

26,067

 

Corporate and other

 

 

(115

)

 

 

(5,578

)

 

 

(3,214

)

 

 

(11,388

)

Total operating income

 

$

43,055

 

 

$

33,986

 

 

$

136,036

 

 

$

96,405

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures(3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

269

 

 

$

3,286

 

 

$

3,795

 

 

$

6,715

 

     MEA

 

 

8,318

 

 

 

2,735

 

 

 

13,021

 

 

 

17,677

 

     ASA

 

 

16,603

 

 

 

11,648

 

 

 

178,178

 

 

 

41,141

 

     Corporate and Other

 

 

1,529

 

 

 

464

 

 

 

2,399

 

 

 

585

 

Total capital expenditures

 

$

26,719

 

 

$

18,133

 

 

$

197,393

 

 

$

66,118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

6,744

 

 

$

9,832

 

 

$

21,059

 

 

$

33,119

 

     MEA

 

 

7,269

 

 

 

8,393

 

 

 

18,113

 

 

 

23,150

 

     ASA

 

 

8,742

 

 

 

4,191

 

 

 

21,191

 

 

 

11,969

 

     Corporate and Other

 

 

2,140

 

 

 

2,195

 

 

 

6,529

 

 

 

7,744

 

Total depreciation and amortization

 

$

24,895

 

 

$

24,611

 

 

$

66,892

 

 

$

75,982

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Drydock amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     AEA

 

$

2,248

 

 

$

3,133

 

 

$

7,658

 

 

$

9,377

 

     MEA

 

 

455

 

 

 

443

 

 

 

1,519

 

 

 

1,606

 

     ASA

 

 

228

 

 

 

676

 

 

 

686

 

 

 

2,927

 

Total drydock amortization

 

$

2,931

 

 

$

4,252

 

 

$

9,863

 

 

$

13,910

 

 

(1)

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

(2)

The operating results for the nine months ended September 30, 2016 include: (1) a $32 million impairment charge related to the Agile vessel in the AEA segment; and (2) a $12 million impairment charge for certain underutilized marine assets in the ASA segment. The ASA segment’s operating results for the nine months ended September 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 and nine months ended September 30, 2016 included $2 million and $0.1 million of cash payments for liabilities outstanding at the beginning of the respective periods. Capital expenditures for the three and nine months ended September 30, 2015 included $1 million and $10 million, respectively, of cash payments for accrued capital expenditures outstanding at the beginning of the respective periods.

 
Information about Segment Assets by Country

 

 

September 30, 2016

 

 

December 31, 2015

 

 

 

(In thousands)

 

Segment assets:

 

 

 

 

 

 

 

 

AEA

 

$

731,872

 

 

$

896,822

 

MEA

 

 

973,018

 

 

 

971,170

 

ASA

 

 

853,771

 

 

 

774,365

 

Corporate and Other

 

 

579,711

 

 

 

744,719

 

 

 

$

3,138,372

 

 

$

3,387,076