SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2017

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,
	2017			2016			2017			2016
	(In thousands)
Revenues (1):
AEA	$	61,002		$	69,699		$	130,697		$	219,134
MEA		736,291			334,731			1,602,955			922,820
ASA		161,238			154,113			532,983			852,248
Total revenues:	$	958,531		$	558,543		$	2,266,635		$	1,994,202
Income before provision for income taxes:
Operating income (loss):
AEA	$	(7,171	)	$	2,871		$	(18,290	)	$	32,831
MEA		163,626			60,365			345,483			159,701
ASA		23,682			27,381			86,351			109,082
Segment operating income		180,137			90,617			413,544			301,614
Corporate and Other(2)		(53,065	)		(47,562	)		(143,288	)		(165,578	)
Total operating income		127,072			43,055			270,256			136,036
Interest expense, net		(11,976	)		(17,431	)		(50,886	)		(41,324	)
Other non-operating income (expense), net		803			5,237			(1,074	)		(1,005	)
Income before provision for income taxes	$	115,899		$	30,861		$	218,296		$	93,707
Capital expenditures:
AEA	$	5,369		$	269		$	20,694		$	3,795
MEA		7,858			8,318			18,489			13,021
ASA		1,812			16,603			7,548			178,178
Corporate and Other(3)		1,145			1,529			50,375			2,399
Total capital expenditures:	$	16,184		$	26,719		$	97,106		$	197,393
Depreciation and amortization:
AEA	$	5,300		$	8,992		$	16,708		$	28,717
MEA		13,224			7,724			34,889			19,632
ASA		7,966			8,970			20,913			21,877
Corporate and Other		1,857			2,140			5,522			6,529
Total depreciation and amortization:	$	28,347		$	27,826		$	78,032		$	76,755

⁽¹⁾Intersegment transactions included in revenues were not significant for all the periods presented.
⁽²⁾Corporate and Other operating results:
              •    in 2017 include a $3 million gain on sale of assets.
              •    in 2016 include:
            o   $44 million of impairment charges, see Note 12, Fair Value Measurements, for further discussion; and
            o   $11 million of restructuring expenses, see Note 4, Restructuring, for further discussion.

⁽³⁾Corporate and Other capital expenditures in the first nine months of 2017 include the purchase of the Amazon, a pipelay and construction vessel. Following the purchase we sold this vessel to an unrelated third party and simultaneously entered into an 11-year bareboat charter agreement, see Note 8, Sale Leaseback.

Information about Segment Assets by Country

	September 30, 2017		December 31, 2016
	(In thousands)
Segment assets(1):
AEA	$	695,751	$	727,328
MEA		1,632,064		907,936
ASA		671,864		976,470
Corporate and Other		461,756		610,496
Total assets	$	3,461,435	$	3,222,230

⁽¹⁾ Our marine vessels are included in the area in which they were located as of reporting date.