SEGMENT INFORMATION

Accounting standards require public business enterprises to report information about each of their operating business segments that exceed certain quantitative thresholds or meet certain other reporting requirements. Operating business segments have been defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Certain reclassifications of prior period information have been made to conform to the current period's reportable segment presentation as a result of the Company's presentation of discontinued operations (see Notes 1 and 14). The Company’s basis of measurement of segment profit or loss is as previously described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

The following tables summarize the operating results, capital expenditures and assets of the Company's reportable segments.



	Offshore Marine Services $’000		Inland River Services $’000	Shipping Services $’000		Ethanol and Industrial Alcohol $’000	Other $’000		Corporate and Eliminations $’000		Total $’000
For the three months ended June 30, 2013
Operating Revenues:
External customers	138,650		46,780	48,103		61,378	20,652		—		315,563
Intersegment	28		577	—		—	—		(605	)	—
	138,678		47,357	48,103		61,378	20,652		(605	)	315,563
Costs and Expenses:
Operating	97,581		35,193	29,554		59,402	18,960		(577	)	240,113
Administrative and general	14,235		3,921	6,124		477	1,323		8,638		34,718
Depreciation and amortization	16,460		7,078	7,907		1,489	96		753		33,783
	128,276		46,192	43,585		61,368	20,379		8,814		308,614
Gains on Asset Dispositions, Net	7,895		4,296	114		—	—		—		12,305
Operating Income (Loss)	18,297		5,461	4,632		10	273		(9,419	)	19,254
Other Income (Expense):
Derivative gains (losses), net	175		—	—		473	(450	)	(1,023	)	(825	)
Foreign currency (gains) losses, net	(833	)	219	(8	)	—	(169	)	(125	)	(916	)
Other, net	11		—	188		—	—		(4	)	195
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	7,694		1	(403	)	—	418		—		7,710
Segment Profit	25,344		5,681	4,409		483	72
Other Income (Expense) not included in Segment Profit											1,853
Less Equity Earnings (Losses) included in Segment Profit											(7,710	)
Income Before Taxes, Equity Earnings and Discontinued Operations											19,561



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		Ethanol and Industrial Alcohol⁽¹⁾⁽²⁾ $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the six months ended June 30, 2013
Operating Revenues:
External customers	262,642		96,203		94,579		94,227		34,976		—		582,627
Intersegment	52		1,231		—		—		—		(1,283	)	—
	262,694		97,434		94,579		94,227		34,976		(1,283	)	582,627
Costs and Expenses:
Operating	187,612		71,582		56,168		93,447		33,448		(1,231	)	441,026
Administrative and general	29,062		7,945		11,301		1,138		2,979		17,938		70,363
Depreciation and amortization	32,747		14,162		15,704		2,978		195		1,545		67,331
	249,421		93,689		83,173		97,563		36,622		18,252		578,720
Gains (Losses) on Asset Dispositions and Impairments, Net	10,234		4,993		(2,955	)	—		1,907		141		14,320
Operating Income (Loss)	23,507		8,738		8,451		(3,336	)	261		(19,394	)	18,227
Other Income (Expense):
Derivative gains (losses), net	325		—		—		512		392		(4,161	)	(2,932	)
Foreign currency gains (losses), net	(4,097	)	82		(15	)	—		(336	)	(561	)	(4,927	)
Other, net	11		—		202		—		54		(69	)	198
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	9,007		(2,386	)	(1,908	)	—		2,128		—		6,841
Segment Profit (Loss)	28,753		6,434		6,730		(2,824	)	2,499
Other Income (Expense) not included in Segment Profit (Loss)													(3,825	)
Less Equity Earnings (Losses) included in Segment Profit (Loss)													(6,841	)
Income Before Taxes, Equity Earnings and Discontinued Operations													6,741

Capital Expenditures	49,764		9,238		27,048		217		357		1,307		87,931

As of June 30, 2013
Property and Equipment:
Historical cost	1,151,751		466,553		517,409		44,006		3,989		29,221		2,212,929
Accumulated depreciation	(439,211	)	(134,235	)	(214,372	)	(8,614	)	(531	)	(9,709	)	(806,672	)
	712,540		332,318		303,037		35,392		3,458		19,512		1,406,257
Construction in progress	90,847		17,700		22,037		—		2,087		1,314		133,985
	803,387		350,018		325,074		35,392		5,545		20,826		1,540,242
Investments, at Equity, and Advances to 50% or Less Owned Companies	84,418		55,875		66,786		—		86,714		—		293,793
Inventories	5,885		2,260		1,427		12,164		1,219		—		22,955
Goodwill	13,367		2,759		1,852		—		—		—		17,978
Intangible Assets	4,584		8,416		1,134		50		410		—		14,594
Other current and long-term assets, excluding cash and near cash assets⁽³⁾	146,551		37,260		16,021		10,925		56,591		22,225		289,573
Segment Assets	1,058,192		456,588		412,294		58,531		150,479
Cash and near cash assets⁽³⁾													589,198
Total Assets													2,768,333

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(1)	Operating revenues includes $92.7 million of tangible product sales and operating expenses includes $91.9 million of costs of goods sold.


(2)	Inventories includes raw materials of $2.8 million and work in process of $2.2 million.


(3)	Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds.



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		Ethanol and Industrial Alcohol $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the three months ended June 30, 2012
Operating Revenues:
External customers	123,359		53,302		42,716		58,938		30,910		—		309,225
Intersegment	(83	)	—		108		—		(17	)	(8	)	—
	123,276		53,302		42,824		58,938		30,893		(8	)	309,225
Costs and Expenses:
Operating	94,084		37,463		28,214		57,201		27,566		17		244,545
Administrative and general	13,146		3,773		5,505		434		5,899		7,544		36,301
Depreciation and amortization	15,859		7,244		7,362		1,578		711		466		33,220
	123,089		48,480		41,081		59,213		34,176		8,027		314,066
Gains on Asset Dispositions	624		858		1,860		—		—		—		3,342
Operating Income (Loss)	811		5,680		3,603		(275	)	(3,283	)	(8,035	)	(1,499	)
Other Income (Expense):
Derivative gains (losses), net	—		—		—		(236	)	2,516		274		2,554
Foreign currency losses, net	(354	)	(71	)	(4	)	—		(84	)	(511	)	(1,024	)
Other, net	11		—		257		—		—		175		443
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	1,001		439		(774	)	—		(371	)	—		295
Segment Profit (Loss)	1,469		6,048		3,082		(511	)	(1,222	)
Other Income (Expense) not included in Segment Profit (Loss)													8,976
Less Equity Earnings (Losses) included in Segment Profit (Loss)													(295	)
Income Before Taxes, Equity Earnings and Discontinued Operations													9,450



	Offshore Marine Services $’000		Inland River Services $’000		Shipping Services $’000		Ethanol and Industrial Alcohol⁽¹⁾⁽²⁾ $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the six months ended June 30, 2012
Operating Revenues:
External customers	244,310		106,792		88,449		98,557		68,966		—		607,074
Intersegment	52		—		108		—		35		(195	)	—
	244,362		106,792		88,557		98,557		69,001		(195	)	607,074
Costs and Expenses:
Operating	169,424		72,646		55,786		94,606		60,643		(141	)	452,964
Administrative and general	25,002		7,755		10,372		859		10,697		16,607		71,292
Depreciation and amortization	28,741		14,251		14,979		2,630		1,400		921		62,922
	223,167		94,652		81,137		98,095		72,740		17,387		587,178
Gains on Asset Dispositions	2,469		2,785		1,860		—		5		—		7,119
Operating Income (Loss)	23,664		14,925		9,280		462		(3,734	)	(17,582	)	27,015
Other Income (Expense):
Derivative gains (losses), net	—		—		—		(721	)	1,099		(782	)	(404	)
Foreign currency gains (losses), net	769		(93	)	9		—		15		(63	)	637
Other, net	11		—		287		—		—		61		359
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	2,830		689		(991	)	6,154		(726	)	—		7,956
Segment Profit (Loss)	27,274		15,521		8,585		5,895		(3,346	)
Other Income (Expense) not included in Segment Profit (Loss)													4,830
Less Equity Earnings (Losses) included in Segment Profit (Loss)													(7,956	)
Income Before Taxes, Equity Earnings and Discontinued Operations													32,437

Capital Expenditures	64,383		13,108		12,921		—		6,314		2,781		99,507

As of June 30, 2012
Property and Equipment:
Historical cost	1,075,935		481,045		518,258		43,693		22,704		26,471		2,168,106
Accumulated depreciation	(393,813	)	(116,509	)	(188,148	)	(2,595	)	(3,587	)	(10,078	)	(714,730	)
	682,122		364,536		330,110		41,098		19,117		16,393		1,453,376
Construction in progress	107,709		12,790		14,065		—		2,864		5,672		143,100
	789,831		377,326		344,175		41,098		21,981		22,065		1,596,476
Investments, at Equity, and Advances to 50% or Less Owned Companies	68,081		53,859		90,626		—		69,426		—		281,992
Inventories	5,738		2,038		1,288		12,822		5,362		—		27,248
Goodwill	13,367		4,345		1,852		—		37,138		—		56,702
Intangible Assets	5,029		8,377		1,677		135		5,898		—		21,116
Other current and long-term assets, excluding cash and near cash assets⁽³⁾	148,525		49,890		16,410		7,154		83,664		35,858		341,501
Segment Assets	1,030,571		495,835		456,028		61,209		223,469
Cash and near cash assets⁽³⁾													533,439
Discontinued operations													987,343
Total Assets													3,845,817

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(1)	Operating revenues includes $96.6 million of tangible product sales and operating expenses includes $92.7 million of costs of goods sold.


(2)	Inventories includes raw materials of $2.8 million and work in process of $2.4 million.


(3)	Cash and near cash assets includes cash, cash equivalents, restricted cash, marketable securities, construction reserve funds and Title XI reserve funds.