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Business Segment Information
6 Months Ended
Jun. 30, 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, Brazil, North Sea 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, which are designed to complement offshore construction and well intervention services, and 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
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Net revenues —
 
 
 
 
 
 
 
Well Intervention
$
161,759

 
$
113,076

 
$
291,328

 
$
187,697

Robotics
39,060

 
33,061

 
66,229

 
55,029

Production Facilities
16,343

 
15,210

 
32,664

 
31,585

Intercompany elimination
(12,537
)
 
(11,018
)
 
(21,334
)
 
(19,454
)
Total
$
204,625

 
$
150,329

 
$
368,887

 
$
254,857

 
 
 
 
 
 
 
 
Income (loss) from operations —
 
 
 
 
 
 
 
Well Intervention
$
34,470

 
$
19,032

 
$
48,347

 
$
20,450

Robotics
(4,102
)
 
(11,642
)
 
(18,419
)
 
(27,948
)
Production Facilities
6,866

 
6,140

 
14,225

 
13,064

Corporate and other
(12,684
)
 
(8,701
)
 
(20,940
)
 
(18,663
)
Intercompany elimination
222

 
221

 
443

 
442

Total
$
24,772

 
$
5,050

 
$
23,656

 
$
(12,655
)

 
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,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Well Intervention
$
4,215

 
$
2,895

 
$
6,167

 
$
4,268

Robotics
8,322

 
8,123

 
15,167

 
15,186

Total
$
12,537

 
$
11,018

 
$
21,334

 
$
19,454


 
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,
2018
 
December 31,
2017
 
 
 
 
Well Intervention
$
1,885,738

 
$
1,830,733

Robotics
152,876

 
179,853

Production Facilities
127,099

 
138,292

Corporate and other
201,131

 
213,959

Total
$
2,366,844

 
$
2,362,837