

17.	SEGMENT INFORMATION

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



	Ocean Services $’000		Inland Services $’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2017
Operating Revenues:
External customers	352,876		175,496		49,055		464		—		577,891
Intersegment	—		—		101		—		(101	)	—
	352,876		175,496		49,156		464		(101	)	577,891
Costs and Expenses:
Operating	195,285		133,880		32,017		—		(301	)	360,881
Administrative and general	36,548		16,558		13,438		831		35,731		103,106
Depreciation and amortization	46,073		25,852		819		—		2,314		75,058
	277,906		176,290		46,274		831		37,744		539,045
Gains (Losses) on Asset Dispositions and Impairments, Net	(323	)	11,960		—		—		—		11,637
Operating Income (Loss)	74,647		11,166		2,882		(367	)	(37,845	)	50,483
Other Income (Expense):
Derivative gains, net	—		—		—		—		19,727		19,727
Foreign currency gains (losses), net	(130	)	272		50		6		125		323
Other, net	327		—		—		(301	)	230		256
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	7,664		(5,191	)	174		305		—		2,952
Segment Profit (Loss)	82,508		6,247		3,106		(357	)
Other Income (Expense) not included in Segment Profit											(35,584	)
Less Equity in Earnings included in Segment Profit											(2,952	)
Income Before Taxes and Equity Earnings											35,205

Capital Expenditures	80,006		34,322		60		—		207		114,595

As of December 31, 2017
Property and Equipment:
Historical cost	875,090		445,293		1,227		—		30,131		1,351,741
Accumulated depreciation	(299,528	)	(181,573	)	(938	)	—		(20,505	)	(502,544	)
	575,562		263,720		289		—		9,626		849,197
Construction in progress	25,986		2,742		—		—		—		28,728
	601,548		266,462		289		—		9,626		877,925
Investments, at Equity, and Advances to 50% or Less Owned Companies	52,003		66,479		777		54,182		—		173,441
Inventories	2,352		1,934		91		—		—		4,377
Goodwill	1,852		2,403		28,506		—		—		32,761
Intangible Assets	10,293		10,486		7,327		—		—		28,106
Other current and long-term assets, excluding cash and near cash assets⁽¹⁾	49,498		71,500		28,398		1,391		9,611		160,398
Segment Assets	717,546		419,264		65,388		55,573
Cash and near cash assets⁽¹⁾											336,328
Total Assets											1,613,336

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



	Ocean Services $’000		Inland Services $’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2016
Operating Revenues:
External customers	229,643		167,543		42,797		482		—		440,465
Intersegment	—		—		119		—		(119	)	—
	229,643		167,543		42,916		482		(119	)	440,465
Costs and Expenses:
Operating	122,631		124,460		28,561		—		(397	)	275,255
Administrative and general	27,825		14,616		16,214		1,001		26,706		86,362
Depreciation and amortization	31,162		26,327		1,539		—		3,537		62,565
	181,618		165,403		46,314		1,001		29,846		424,182
Gains (Losses) on Asset Dispositions and Impairments, Net	411		3,193		(29,587	)	—		—		(25,983	)
Operating Income (Loss)	48,436		5,333		(32,985	)	(519	)	(29,965	)	(9,700	)
Other Income (Expense):
Derivative losses, net	—		—		—		—		(14,131	)	(14,131	)
Foreign currency gains (losses), net	(18	)	1,722		(181	)	(1	)	(78	)	1,444
Other, net	(6,224	)	(4	)	—		(12,608	)	120		(18,716	)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(4,697	)	(15,944	)	305		(704	)	—		(21,040	)
Segment Profit (Loss)	37,497		(8,893	)	(32,861	)	(13,832	)
Other Income (Expense) not included in Segment Loss											(51,133	)
Less Equity Losses included in Segment Loss											21,040
Loss Before Taxes and Equity Earnings											(92,236	)

Capital Expenditures	215,837		36,803		2		—		164		252,806

As of December 31, 2016
Property and Equipment:
Historical cost	727,602		419,714		1,559		—		29,681		1,178,556
Accumulated depreciation	(258,004	)	(167,127	)	(1,244	)	—		(18,184	)	(444,559	)
	469,598		252,587		315		—		11,497		733,997
Construction in progress	233,214		13,003		—		—		(207	)	246,010
	702,812		265,590		315		—		11,290		980,007
Investments, at Equity, and Advances to 50% or Less Owned Companies	51,620		69,181		566		54,094		—		175,461
Inventories	843		1,602		137		—		—		2,582
Goodwill	1,852		2,400		28,506		—		—		32,758
Intangible Assets	—		12,018		8,060		—		—		20,078
Other current and long-term assets, excluding cash and near cash assets⁽¹⁾	29,801		88,165		14,284		11,193		21,576		165,019
Segment Assets	786,928		438,956		51,868		65,287
Cash and near cash assets⁽¹⁾											410,777
Discontinued Operations											1,075,639
Total Assets											2,862,321

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



	Ocean Services $’000		Inland Services $’000		Witt O’Brien’s $’000		Other $’000		Corporate and Eliminations $’000		Total $’000
For the year ended December 31, 2015
Operating Revenues:
External customers	227,142		230,482		49,857		14,506		—		521,987
Intersegment	—		—		127		—		(127	)	—
	227,142		230,482		49,984		14,506		(127	)	521,987
Costs and Expenses:
Operating	129,039		168,015		21,899		13,054		(399	)	331,608
Administrative and general	26,215		15,567		24,096		2,546		32,919		101,343
Depreciation and amortization	26,296		28,632		1,711		5		3,712		60,356
	181,550		212,214		47,706		15,605		36,232		493,307
Gains (Losses) on Asset Dispositions, Net	—		14,868		(27	)	(232	)	—		14,609
Operating Income (Loss)	45,592		33,136		2,251		(1,331	)	(36,359	)	43,289
Other Income (Expense):
Derivative gains (losses), net	—		294		—		(472	)	2,099		1,921
Foreign currency losses, net	(30	)	(3,726	)	(36	)	(11	)	(922	)	(4,725	)
Other, net	2,053		—		19		33		295		2,400
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax	(18,782	)	(31,200	)	135		676		—		(49,171	)
Segment Profit (Loss)	28,833		(1,496	)	2,369		(1,105	)
Other Income (Expense) not included in Segment Profit											(44,636	)
Less Equity Losses included in Segment Profit											49,171
Loss Before Taxes and Equity Earnings											(1,751	)

Capital Expenditures	134,581		69,736		409		—		(1,273	)	203,453

As of December 31, 2015
Property and Equipment
Historical cost	454,144		485,144		3,338		—		30,700		973,326
Accumulated depreciation	(239,076	)	(171,271	)	(2,834	)	—		(14,648	)	(427,829	)
	215,068		313,873		504		—		16,052		545,497
Construction in progress	335,113		17,807		—		—		(1,645	)	351,275
	550,181		331,680		504		—		14,407		896,772
Investments, at Equity, and Advances to 50% or Less Owned Companies	64,499		81,363		344		54,887		—		201,093
Inventories	701		1,493		—		—		—		2,194
Goodwill	1,852		2,364		48,124		—		—		52,340
Intangible Assets	—		5,961		19,382		—		—		25,343
Other current and long-term assets, excluding cash and near cash assets⁽¹⁾	28,359		72,180		14,780		16,014		7,014		138,347
Segment Assets	645,592		495,041		83,134		70,901
Cash and near cash assets⁽¹⁾											582,633
Discontinued operations											1,286,697
Total Assets											3,185,419

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(1)	Cash and near cash assets includes cash, cash equivalents, marketable securities and construction reserve funds.