Business Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

We have three reportable business segments: Well Intervention, Robotics and Production Facilities. Our U.S., U.K. and Brazil well intervention operating segments are aggregated into the Well Intervention business segment for financial reporting purposes. Our Well Intervention segment includes our vessels and equipment used to perform well intervention services primarily in the U.S. Gulf of Mexico, North Sea and Brazil. Our Well Intervention segment also includes IRSs, some of which we rent out on a stand-alone basis, and SILs. Our well intervention vessels include the Q4000, the Q5000, the Seawell, the Well Enhancer and the chartered Siem Helix 1 and Siem Helix 2 vessels. We previously owned the Helix 534, which we sold in December 2016. We returned the Skandi Constructor to its owner in March 2017 upon the expiration of its charter. Our Robotics segment includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services, and currently operates three chartered ROV support vessels. Our Production Facilities segment includes the HP I, the HFRS and our investment in Independence Hub that is accounted for under the equity method, and previously included our former ownership interest in Deepwater Gateway that we sold in February 2016 (Note 5). All material intercompany transactions between the segments have been eliminated.

We evaluate our performance primarily based on operating income of each reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands): 

	Three Months Ended March 31,
	2017			2016
Net revenues —
Well Intervention	$	74,621		$	46,056
Robotics	21,968			31,994
Production Facilities	16,375			18,482
Intercompany elimination	(8,436		)	(5,493		)
Total	$	104,528		$	91,039
Income (loss) from operations —
Well Intervention	$	1,418		$	(16,688	)
Robotics	(16,306		)	(12,750		)
Production Facilities	6,924			7,183
Corporate and other	(9,962		)	(8,669		)
Intercompany elimination	221			168
Total	$	(17,705	)	$	(30,756	)

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 March 31,
	2017		2016
Well Intervention	$	1,373	$	641
Robotics	7,063		4,852
Total	$	8,436	$	5,493

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, most notably the majority of our cash and cash equivalents. The following table reflects total assets by reportable segment (in thousands): 

	March 31, 2017		December 31, 2016
Well Intervention	$	1,678,774	$	1,596,517
Robotics	167,949		186,901
Production Facilities	154,753		158,192
Corporate and other	430,814		305,331
Total	$	2,432,290	$	2,246,941