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Business Segment Information
9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Net revenues —
 
 
 
 
 
 
 
Well Intervention
$
111,522

 
$
108,287

 
$
299,219

 
$
214,262

Robotics
47,049

 
48,897

 
102,078

 
119,805

Production Facilities
16,380

 
17,128

 
47,965

 
54,567

Intercompany elimination
(11,691
)
 
(13,067
)
 
(31,145
)
 
(29,083
)
Total
$
163,260

 
$
161,245

 
$
418,117

 
$
359,551

 
 
 
 
 
 
 
 
Income (loss) from operations —
 
 
 
 
 
 
 
Well Intervention
$
16,906

 
$
24,413

 
$
37,356

 
$
7,187

Robotics
(9,365
)
 
(94
)
 
(37,313
)
 
(21,667
)
Production Facilities
7,660

 
8,312

 
20,724

 
25,225

Corporate and other
(10,633
)
 
(10,288
)
 
(29,296
)
 
(28,784
)
Intercompany elimination
199

 
(873
)
 
641

 
(542
)
Total
$
4,767

 
$
21,470

 
$
(7,888
)
 
$
(18,581
)

 
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,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Well Intervention
$
3,765

 
$
2,898

 
$
8,033

 
$
5,740

Robotics
7,926

 
10,169

 
23,112

 
23,343

Total
$
11,691

 
$
13,067

 
$
31,145

 
$
29,083


 
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): 
 
September 30,
2017
 
December 31,
2016
 
 
 
 
Well Intervention
$
1,774,821

 
$
1,596,517

Robotics
179,777

 
186,901

Production Facilities
141,739

 
158,192

Corporate and other
270,153

 
305,331

Total
$
2,366,490

 
$
2,246,941