XML 41 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company conducts its operations through four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America and Latin America segments manufacture and distribute rod mill wire and cable products and the Europe segment engages in turn-key project services for both land and submarine cables.
Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. For the year ended December 31, 2017, intersegment sales were $16.2 million in North America, $6.4 million in Europe and $22.7 million in Latin America. For the year ended December 31, 2016, intersegment sales were $38.0 million in North America, $9.9 million in Europe, $22.9 million in Latin America and $0.2 million in Africa/Asia Pacific. For the year ended December 31, 2015, intersegment sales were $29.8 million in North America, $18.3 million in Europe and $19.5 million in Latin America.
The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Summarized financial information for the Company's reportable segments is as follows:
 
 
Year Ended
(in millions)
 
Dec 31, 2017
 
Dec 31, 2016
 
Dec 31, 2015
Net Sales:
 
 
 
 
 
 
North America
 
$
2,218.1

 
$
2,041.7

 
$
2,299.3

Europe
 
874.5

 
875.7

 
960.2

Latin America
 
677.9

 
655.2

 
726.8

Africa/Asia Pacific
 
66.7

 
285.8

 
528.2

Total
 
$
3,837.2

 
$
3,858.4

 
$
4,514.5

Segment Operating Income (Loss):
 
 
 
 
 
 
North America
 
$
68.6

 
$
62.4

 
$
84.5

Europe
 
(12.4
)
 
2.6

 
6.6

Latin America
 
17.6

 
(14.4
)
 
(22.8
)
Africa/Asia Pacific
 
(64.5
)
 
(68.9
)
 
(53.8
)
Total
 
$
9.3

 
$
(18.3
)
 
$
14.5

Capital Expenditures:
 
 
 
 
 
 
North America
 
$
49.7

 
$
51.3

 
$
20.9

Europe
 
28.6

 
19.8

 
20.7

Latin America
 
6.9

 
12.4

 
11.1

Africa/Asia Pacific
 
0.2

 
0.6

 
8.8

Total
 
$
85.4

 
$
84.1

 
$
61.5

Depreciation Expense:
 
 
 
 
 
 
North America
 
$
32.2

 
$
37.9

 
$
37.1

Europe
 
22.1

 
22.4

 
25.2

Latin America
 
10.7

 
10.7

 
12.6

Africa/Asia Pacific
 
1.0

 
4.8

 
9.2

Total
 
$
66.0

 
$
75.8

 
$
84.1

Total Assets:
 
 
 
 
 
 
North America
 
$
988.8

 
$
950.2

 
$
986.9

Europe
 
729.9

 
624.1

 
632.0

Latin America
 
487.2

 
466.4

 
480.8

Africa/Asia Pacific
 
29.4

 
200.9

 
354.9

Total
 
$
2,235.3

 
$
2,241.6

 
$
2,454.6


Revenues by Major Product Lines Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.
 
 
Year Ended
(in millions)
 
Dec 31, 2017
 
Dec 31, 2016
 
Dec 31, 2015
Electric Utility
 
$
1,336.2

 
$
1,357.1

 
$
1,550.2

Electrical Infrastructure
 
976.7

 
989.7

 
1,234.6

Construction
 
855.8

 
820.8

 
962.9

Communications
 
490.8

 
473.8

 
517.0

Rod Mill Products
 
177.7

 
217.0

 
249.8

Total
 
$
3,837.2

 
$
3,858.4

 
$
4,514.5


Geographic Information The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:
 
 
Net Sales
 
Non - Current Assets
 
 
Year Ended
 
Year Ended
(in millions)
 
Dec 31, 2017
 
Dec 31, 2016
 
Dec 31, 2015
 
Dec 31, 2017
 
Dec 31, 2016
United States
 
$
1,900.7

 
$
1,738.4

 
$
1,914.0

 
$
240.6

 
$
242.2

Canada
 
317.5

 
293.0

 
345.5

 
24.5

 
25.2

France
 
308.1

 
284.4

 
295.2

 
69.0

 
66.8

Brazil
 
251.1

 
222.6

 
247.4

 
74.2

 
61.4

Spain
 
173.5

 
149.2

 
153.5

 
53.9

 
48.1

Others
 
886.3

 
1,170.8

 
1,558.9

 
178.1

 
198.7

Total
 
$
3,837.2

 
$
3,858.4

 
$
4,514.5

 
$
640.3

 
$
642.4