Business Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information 

We have three reportable business segments: Well Intervention, Robotics and Production Facilities. Our Well Intervention segment includes our vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Our well intervention vessels include the Q4000, the Q5000, the Helix 534, the Seawell, the Well Enhancer and the Skandi Constructor, which is a chartered vessel. Our well intervention segment also includes certain intervention riser systems that are available on a rental basis. Our Robotics segment includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services, and currently operates five chartered ROV and trencher support vessels. The Production Facilities segment includes the HP I as well as our investments in Deepwater Gateway and Independence Hub that are accounted for under the equity method. The results of our previously reported Subsea Construction segment are immaterial and thus no longer meet the threshold to be separately reported as a business segment. These results are now aggregated within “Other” for all periods presented in this Quarterly Report on Form 10-Q. All material intercompany transactions between the segments have been eliminated.

We evaluate our performance primarily based on operating income of each reportable segment. Segment assets are comprised of all assets attributable to each reportable segment. Corporate and other includes all assets not directly identifiable with our business segments. Certain financial data by reportable segment are summarized as follows (in thousands): 

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net revenues —
Well Intervention	$	94,895		$	205,139		$	284,621		$	546,057
Robotics	83,310			131,707			238,582			339,301
Production Facilities	19,133			24,184			57,811			71,373
Other	—			—			—			358
Intercompany elimination	(14,876		)	(20,193		)	(42,895		)	(57,093		)
Total	$	182,462		$	340,837		$	538,119		$	899,996
Income (loss) from operations —
Well Intervention	$	6,233		$	80,789		$	25,162		$	194,297
Robotics	14,329			28,397			28,089			60,415
Production Facilities	6,938			11,284			19,960			33,127
Corporate and other	(8,965		)	(14,242		)	(24,581		)	(34,754		)
Intercompany elimination	(163		)	103			(256		)	(1,050		)
Total	$	18,372		$	106,331		$	48,374		$	252,035
Equity in earnings (losses) of investments	$	(251	)	$	508		$	(553	)	$	709

Intercompany segment amounts are derived primarily from equipment and services provided to other business segments at rates consistent with those charged to third parties. Intercompany segment revenues are as follows (in thousands): 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Well Intervention	$	7,324	$	8,635	$	18,687	$	22,052
Robotics	7,552		11,558		24,208		35,041
Total	$	14,876	$	20,193	$	42,895	$	57,093

The following table reflects total assets by reportable segment (in thousands): 

	September 30, 2015		December 31, 2014
Well Intervention	$	1,757,962	$	1,470,349
Robotics	295,617		299,701
Production Facilities	437,839		459,427
Corporate and other	416,582		471,221
Total	$	2,908,000	$	2,700,698