XML 62 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Reportable Segments and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2011
Reportable Segments and Geographic Information [Abstract] |
Reportable Segments and Geographic Information | 22. Reportable Segments and Geographic Information We manage our business segments primarily based upon the type of product or service provided. We have four principal segments: North America contract operations, international contract operations, aftermarket services and fabrication. The North America and international contract operations segments primarily provide natural gas compression services, production and processing equipment services and maintenance services to meet specific customer requirements on Exterran-owned assets. The aftermarket services segment provides a full range of services to support the surface production, compression and processing needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets. The fabrication segment provides (i) design, engineering, fabrication, installation and sale of natural gas compression units and accessories and equipment used in the production, treating and processing of crude oil and natural gas and (ii) engineering, procurement and fabrication services primarily related to the manufacturing of critical process equipment for refinery and petrochemical facilities, the fabrication of tank farms and the fabrication of evaporators and brine heaters for desalination plants. We evaluate the performance of our segments based on gross margin for each segment. Revenues include only sales to external customers. We do not include intersegment sales when we evaluate the performance of our segments. No individual customer accounted for more than 10% of our consolidated revenues during any of the periods presented. The following table presents sales and other financial information by reportable segment for the years ended December 31, 2011, 2010 and 2009 (in thousands):
|  | North America Contract Operations |  |  | International Contract Operations |  |  | Aftermarket Services |  |  | Fabrication |  |  | Reportable Segments Total |  |  | Other(1) |  |  | Total(2) |
2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 603,529 |  |  | $ | 445,059 |  |  | $ | 409,423 |  |  | $ | 1,225,459 |  |  | $ | 2,683,470 |  |  | $ | — |  |  | $ | 2,683,470 |
Gross margin(3) |  |  | 293,460 |  |  |  | 260,654 |  |  |  | 60,761 |  |  |  | 123,222 |  |  |  | 738,097 |  |  |  | — |  |  |  | 738,097 |
Total assets |  |  | 2,052,170 |  |  |  | 887,046 |  |  |  | 111,890 |  |  |  | 384,099 |  |  |  | 3,435,205 |  |  |  | 921,444 |  |  |  | 4,356,649 |
Capital expenditures |  |  | 192,470 |  |  |  | 58,767 |  |  |  | 2,082 |  |  |  | 22,077 |  |  |  | 275,396 |  |  |  | 7,395 |  |  |  | 282,791 |
2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 608,065 |  |  | $ | 465,144 |  |  | $ | 322,097 |  |  | $ | 1,066,227 |  |  | $ | 2,461,533 |  |  | $ | — |  |  | $ | 2,461,533 |
Gross margin(3) |  |  | 307,379 |  |  |  | 289,787 |  |  |  | 45,790 |  |  |  | 161,505 |  |  |  | 804,461 |  |  |  | — |  |  |  | 804,461 |
Total assets |  |  | 2,061,755 |  |  |  | 976,700 |  |  |  | 160,864 |  |  |  | 580,255 |  |  |  | 3,779,574 |  |  |  | 946,872 |  |  |  | 4,726,446 |
Capital expenditures |  |  | 111,087 |  |  |  | 106,530 |  |  |  | 1,348 |  |  |  | 12,187 |  |  |  | 231,152 |  |  |  | 4,838 |  |  |  | 235,990 |
2009: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 695,315 |  |  | $ | 391,995 |  |  | $ | 308,873 |  |  | $ | 1,319,418 |  |  | $ | 2,715,601 |  |  | $ | — |  |  | $ | 2,715,601 |
Gross margin(3) |  |  | 396,601 |  |  |  | 242,742 |  |  |  | 62,987 |  |  |  | 213,252 |  |  |  | 915,582 |  |  |  | — |  |  |  | 915,582 |
Total assets |  |  | 2,357,751 |  |  |  | 988,257 |  |  |  | 148,548 |  |  |  | 720,482 |  |  |  | 4,215,038 |  |  |  | 1,019,372 |  |  |  | 5,234,410 |
Capital expenditures |  |  | 108,985 |  |  |  | 236,450 |  |  |  | 2,629 |  |  |  | 10,592 |  |  |  | 358,656 |  |  |  | 10,245 |  |  |  | 368,901 |
The following table presents assets from reportable segments to total assets as of December 31, 2011 and 2010 (in thousands):
|  | 2011 |  |  | 2010 |
Assets from reportable segments |  | $ | 3,435,205 |  |  | $ | 3,779,574 |
Other assets(1) |  |  | 921,444 |  |  |  | 946,872 |
Assets associated with discontinued operations |  |  | 4,013 |  |  |  | 15,090 |
Consolidated assets |  | $ | 4,360,662 |  |  | $ | 4,741,536 |
The following table presents geographic data as of and for the years ended December 31, 2011, 2010 and 2009 (in thousands):
|  | U.S. |  |  | International |  |  | Consolidated |
2011: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 1,453,758 |  |  | $ | 1,229,712 |  |  | $ | 2,683,470 |
Property, plant and equipment, net |  | $ | 1,993,082 |  |  | $ | 1,011,370 |  |  | $ | 3,004,452 |
2010: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 1,090,096 |  |  | $ | 1,371,437 |  |  | $ | 2,461,533 |
Property, plant and equipment, net |  | $ | 1,985,180 |  |  | $ | 1,107,472 |  |  | $ | 3,092,652 |
2009: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 1,332,641 |  |  | $ | 1,382,960 |  |  | $ | 2,715,601 |
Property, plant and equipment, net |  | $ | 2,278,172 |  |  | $ | 1,126,182 |  |  | $ | 3,404,354 |
(1) | Includes corporate related items.
(2) | Totals exclude assets, capital expenditures and the operating results of discontinued operations.
(3) | Gross margin, a non-GAAP financial measure, is reconciled to net loss below.
We define gross margin as total revenue less cost of sales (excluding depreciation and amortization expense). Gross margin is included as a supplemental disclosure because it is a primary measure used by our management as it represents the results of revenue and cost of sales (excluding depreciation and amortization expense), which are key components of our operations. As an indicator of our operating performance, gross margin should not be considered an alternative to, or more meaningful than, net income (loss) as determined in accordance with GAAP. Our gross margin may not be comparable to a similarly titled measure of another company because other entities may not calculate gross margin in the same manner. The following table reconciles net loss to gross margin (in thousands):
|  | Years Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Net loss |  | $ | (339,618 | ) |  | $ | (113,241 | ) |  | $ | (545,463 | )
Selling, general and administrative |  |  | 359,382 |  |  |  | 358,255 |  |  |  | 337,620 |
Depreciation and amortization |  |  | 365,870 |  |  |  | 401,478 |  |  |  | 352,785 |
Long-lived asset impairment |  |  | 7,012 |  |  |  | 146,903 |  |  |  | 96,988 |
Restructuring charges |  |  | 11,627 |  |  |  | — |  |  |  | 14,329 |
Goodwill impairment |  |  | 196,807 |  |  |  | — |  |  |  | 150,778 |
Interest expense |  |  | 149,473 |  |  |  | 136,149 |  |  |  | 122,845 |
Equity in loss of non-consolidated affiliates |  |  | 471 |  |  |  | 609 |  |  |  | 91,154 |
Other (income) expense, net |  |  | (5,425 | ) |  |  | (13,763 | ) |  |  | (53,360 | )
Provision for (benefit from) income taxes |  |  | (13,465 | ) |  |  | (66,606 | ) |  |  | 51,667 |
(Income) loss from discontinued operations, net of tax |  |  | 5,963 |  |  |  | (45,323 | ) |  |  | 296,239 |
Gross margin |  | $ | 738,097 |  |  | $ | 804,461 |  |  | $ | 915,582 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration