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Business Segment Information
3 Months Ended
Mar. 31, 2018
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/or equipment used to perform well intervention services in the U.S. Gulf of Mexico, North Sea, Brazil and West Africa. Our Well Intervention segment also includes IRSs, some of which we provide 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. Our Robotics segment includes ROVs, trenchers and ROVDrills that are designed to complement offshore construction and well intervention services and currently operates three ROV support vessels under long-term charter: the Grand Canyon, the Grand Canyon II and the Grand Canyon III. Our Production Facilities segment includes the HP I, the HFRS and our investment in Independence Hub that is accounted for under the equity method. 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,
 
2018
 
2017
Net revenues —
 
 
 
Well Intervention
$
129,569

 
$
74,621

Robotics
27,169

 
21,968

Production Facilities
16,321

 
16,375

Intercompany elimination
(8,797
)
 
(8,436
)
Total
$
164,262

 
$
104,528

 
 
 
 
Income (loss) from operations —
 
 
 
Well Intervention
$
13,877

 
$
1,418

Robotics
(14,317
)
 
(16,306
)
Production Facilities
7,359

 
6,924

Corporate and other
(8,256
)
 
(9,962
)
Intercompany elimination
221

 
221

Total
$
(1,116
)
 
$
(17,705
)

 
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,
 
2018
 
2017
 
 
 
 
Well Intervention
$
1,952

 
$
1,373

Robotics
6,845

 
7,063

Total
$
8,797

 
$
8,436


 
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,
2018
 
December 31,
2017
 
 
 
 
Well Intervention
$
1,834,166

 
$
1,830,733

Robotics
155,297

 
179,853

Production Facilities
134,892

 
138,292

Corporate and other
214,793

 
213,959

Total
$
2,339,148

 
$
2,362,837