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Business Segment Information
6 Months Ended
Jun. 30, 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. The Siem Helix 1 commenced its operations for Petrobras in mid-April 2017. Our Robotics segment includes ROVs, trenchers and ROVDrills designed to complement offshore construction and well intervention services, and currently operates four chartered ROV support vessels, including the Grand Canyon III that went into service for us in May 2017. 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
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Net revenues —
 
 
 
 
 
 
 
Well Intervention
$
113,076

 
$
59,919

 
$
187,697

 
$
105,975

Robotics
33,061

 
38,914

 
55,029

 
70,908

Production Facilities
15,210

 
18,957

 
31,585

 
37,439

Intercompany elimination
(11,018
)
 
(10,523
)
 
(19,454
)
 
(16,016
)
Total
$
150,329

 
$
107,267

 
$
254,857

 
$
198,306

 
 
 
 
 
 
 
 
Income (loss) from operations —
 
 
 
 
 
 
 
Well Intervention
$
19,032

 
$
(538
)
 
$
20,450

 
$
(17,226
)
Robotics
(11,642
)
 
(8,823
)
 
(27,948
)
 
(21,573
)
Production Facilities
6,140

 
9,730

 
13,064

 
16,913

Corporate and other
(8,701
)
 
(9,827
)
 
(18,663
)
 
(18,496
)
Intercompany elimination
221

 
163

 
442

 
331

Total
$
5,050

 
$
(9,295
)
 
$
(12,655
)
 
$
(40,051
)

 
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
June 30,
 
Six Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Well Intervention
$
2,895

 
$
2,201

 
$
4,268

 
$
2,842

Robotics
8,123

 
8,322

 
15,186

 
13,174

Total
$
11,018

 
$
10,523

 
$
19,454

 
$
16,016


 
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): 
 
June 30,
2017
 
December 31,
2016
 
 
 
 
Well Intervention
$
1,719,971

 
$
1,596,517

Robotics
168,734

 
186,901

Production Facilities
151,298

 
158,192

Corporate and other
321,559

 
305,331

Total
$
2,361,562

 
$
2,246,941