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Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Business Segment Information [Abstract]  
Schedule Of Segment Reporting Information By Segment

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

Net revenues —

 

 

 

 

 

 

 

Well Intervention

$
667,849 

$
452,452 

$
378,546 

 

Robotics

 
420,224 

 
333,246 

 
328,726 

 

Production Facilities

 
93,175 

 
88,149 

 
80,091 

 

Subsea Construction

 
358 

 
71,321 

 
192,521 

 

Intercompany elimination

 
(74,450)

 
(68,607)

 
(133,775)

 

Total

$
1,107,156 

$
876,561 

$
846,109 

 

 

 

 

 

 

 

 

 

Income (loss) from operations —

 

 

 

 

 

 

 

Well Intervention

$
204,810 

$
131,840 

$
85,482 

 

Robotics

 
68,329 

 
44,132 

 
55,678 

 

Production Facilities

 
41,138 

 
49,778 

 
40,082 

 

Subsea Construction (1)

 
10,923 

 
33,685 

 
(148,862)

 

Corporate and other

 
(62,523)

 
(77,041)

 
(92,985)

 

Intercompany elimination

 
(921)

 
(3,360)

 
(7,878)

 

Total

$
261,756 

$
179,034 

$
(68,483)

 

 

 

 

 

 

 

 

 

Net interest expense and other —

 

 

 

 

 

 

 

Well Intervention

$
(6,915)

$
(217)

$
2,152 

 

Robotics

 
7,304 

 
(210)

 
(1,203)

 

Production Facilities

 
384 

 
380 

 
365 

 

Subsea Construction

 
(278)

 
480 

 
(247)

 

Corporate and eliminations (2)

 
(381)

 
37,978 

 
64,882 

 

Total

$
114 

$
38,411 

$
65,949 

 

 

 

 

 

 

 

 

 

Equity in earnings of equity investments

$
879 

$
2,965 

$
8,434 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before income taxes —

 

 

 

 

 

 

 

Well Intervention

$
211,725 

$
132,057 

$
83,205 

 

Robotics

 
61,025 

 
44,342 

 
56,881 

 

Production Facilities

 
41,633 

 
52,363 

 
48,276 

 

Subsea Construction

 
11,201 

 
33,205 

 
(148,615)

 

Corporate and eliminations

 
(63,063)

 
(118,379)

 
(165,745)

 

Total

$
262,521 

$
143,588 

$
(125,998)

 

 

 

 

 

 

 

 

 

Income tax provision (benefit) —

 

 

 

 

 

 

 

Well Intervention

$
50,102 

$
26,718 

$
15,400 

 

Robotics

 
21,612 

 
15,530 

 
20,222 

 

Production Facilities

 
14,395 

 
17,233 

 
15,784 

 

Subsea Construction

 
3,881 

 
11,655 

 
(51,329)

 

Corporate and eliminations

 
(23,019)

 
(39,524)

 
(59,235)

 

Total

$
66,971 

$
31,612 

$
(59,158)

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets —

 

 

 

 

 

 

 

Well Intervention

$
1,470,349 

$
1,245,229 

$
936,926 

 

Robotics

 
299,701 

 
282,373 

 
258,117 

 

Production Facilities

 
459,427 

 
495,829 

 
504,828 

 

Subsea Construction

 
27,547 

 
38,054 

 
303,479 

 

Corporate and other

 
443,674 

 
482,795 

 
483,003 

 

Discontinued operations

 

 -

 

 -

 
900,227 

 

Total

$
2,700,698 

$
2,544,280 

$
3,386,580 

 

 

 

 

 

 

 

 

 

Capital expenditures —

 

 

 

 

 

 

 

Well Intervention

$
283,635 

$
283,132 

$
274,451 

 

Robotics

 
51,348 

 
39,655 

 
44,500 

 

Production Facilities

 
869 

 
1,252 

 
823 

 

Corporate and other

 
1,060 

 
387 

 
3,265 

 

Total

$
336,912 

$
324,426 

$
323,039 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization —

 

 

 

 

 

 

 

Well Intervention

$
57,570 

$
44,619 

$
37,736 

 

Robotics

 
24,478 

 
22,263 

 
19,933 

 

Production Facilities

 
21,278 

 
17,193 

 
16,828 

 

Subsea Construction

 

 -

 
8,651 

 
19,773 

 

Corporate and eliminations

 
6,019 

 
5,809 

 
2,931 

 

Total

$
109,345 

$
98,535 

$
97,201 

 

 

(1) Amount in 2014 includes the $10.5 million gain on the sale of our Ingleside spoolbase in January 2014.  Amount in 2013 includes the $1.1 million loss on the sale of the Caesar in June 2013 and the $15.6 million gain on the sale of the Express in July 2013.  Amount in 2012 includes impairment charges of $157.8 million for the Caesar and $14.6 million for the Intrepid (Note 2).

 

(2) Amount in 2014 includes $16.9 million of income with $7.2 million from an insurance reimbursement related to asset retirement work previously performed and the remaining income associated with our overriding royalty interests in ERT’s Wang well, which commenced production in late April 2013.

Summary Of Intercompany Segment Revenues

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Well Intervention

$
29,875 

$
22,448 

$
36,781 

 

Robotics

 
44,575 

 
41,169 

 
46,465 

 

Production Facilities

 

 -

 
4,673 

 
46,057 

 

Subsea Construction

 

 -

 
317 

 
4,472 

 

Total

$
74,450 

$
68,607 

$
133,775 

 

 

Intercompany Segment Gross Profit (Losses)

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Well Intervention

$
(323)

$
(141)

$
6,203 

 

Robotics

 
1,419 

 
3,518 

 
180 

 

Production Facilities

 
(175)

 
(175)

 
(175)

 

Subsea Construction

 

 -

 
158 

 
1,670 

 

Total

$
921 

$
3,360 

$
7,878 

 

 

Schedule of Revenue from External Customers by Geographic Area

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

United States

$
403,994 

$
345,525 

$
281,308 

 

North Sea (1)

 
504,016 

 
403,816 

 
345,074 

 

Other

 
199,146 

 
127,220 

 
219,727 

 

Total

$
1,107,156 

$
876,561 

$
846,109 

 

 

(1) Includes revenues of $362.7 million, $327.1 million and $283.1 million, respectively, which were from the United Kingdom during years ended December 31, 2014, 2013 and 2012.

Schedule of Long-Lived Assets by Geographic Area

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

United States

$
913,422 

$
1,119,075 

$
1,180,586 

 

United Kingdom

 
355,996 

 
336,317 

 
304,062 

 

Luxembourg

 
465,875 

 
76,749 

 

 -

 

Other

 
91 

 
76 

 
1,227 

 

Total

$
1,735,384 

$
1,532,217 

$
1,485,875