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Business Segment Information | 12 Months Ended
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Dec. 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 equipment used to perform well intervention services primarily in the U.S. Gulf of Mexico, Brazil, the North Sea and West Africa. 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 well intervention operations for Petrobras offshore Brazil in April 2017 and the Siem Helix 2 commenced operations for Petrobras in December 2017. We returned the Skandi Constructor to its owner in March 2017 upon the expiration of the vessel charter. Our well intervention equipment includes IRSs, some of which we provide on a stand-alone basis, and SILs. 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. We returned the Deep Cygnus to its owner during the first quarter of 2018. 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 based on operating income of each reportable segment. Certain financial data by reportable segment are summarized as follows (in thousands):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Net revenues — |  |  |  |  |
Well Intervention | $ | 560,568 |  |  | $ | 406,341 |  |  | $ | 294,000 |
Robotics | 158,989 |  |  | 152,755 |  |  | 160,580 |
Production Facilities | 64,400 |  |  | 64,352 |  |  | 72,358 |
Intercompany eliminations | (44,139 | ) |  | (42,065 | ) |  | (39,356 | )
Total | $ | 739,818 |  |  | $ | 581,383 |  |  | $ | 487,582 |
Income (loss) from operations — |  |  |  |  |
Well Intervention (1) | $ | 87,643 |  |  | $ | 52,733 |  |  | $ | 14,910 |
Robotics (2) | (14,054 | ) |  | (42,289 | ) |  | (72,250 | )
Production Facilities | 27,263 |  |  | 28,172 |  |  | 33,861 |
Segment operating income | 100,852 |  |  | 38,616 |  |  | (23,479 | )
Corporate, eliminations and other | (49,309 | ) |  | (39,746 | ) |  | (39,756 | )
Total | 51,543 |  |  | (1,130 | ) |  | (63,235 | )
Net interest expense | (13,751 | ) |  | (18,778 | ) |  | (31,239 | )
Other non-operating income (expense), net | (6,794 | ) |  | (464 | ) |  | 559 |
Income (loss) before income taxes | $ | 30,998 |  |  | $ | (20,372 | ) |  | $ | (93,915 | )
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Capital expenditures — |  |  |  |  |
Well Intervention | $ | 136,164 |  |  | $ | 230,354 |  |  | $ | 185,892 |
Robotics | 151 |  |  | 648 |  |  | 720 |
Production Facilities | 325 |  |  | — |  |  | 74 |
Corporate and other | 443 |  |  | 125 |  |  | (199 | )
Total | $ | 137,083 |  |  | $ | 231,127 |  |  | $ | 186,487 |
Depreciation and amortization — |  |  |  |  |
Well Intervention | $ | 76,943 |  |  | $ | 68,301 |  |  | $ | 68,392 |
Robotics | 19,175 |  |  | 23,626 |  |  | 25,848 |
Production Facilities | 14,070 |  |  | 13,936 |  |  | 13,952 |
Corporate and eliminations | 334 |  |  | 2,882 |  |  | 5,995 |
Total | $ | 110,522 |  |  | $ | 108,745 |  |  | $ | 114,187 |
(1) | Amount in 2016 included a $1.3 million gain on the sale of the Helix 534 in December 2016.
(2) | Amount in 2016 included a $45.1 million goodwill impairment charge related to our robotics reporting unit.
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):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Well Intervention | $ | 14,218 |  |  | $ | 11,489 |  |  | $ | 8,442 |
Robotics | 29,921 |  |  | 30,576 |  |  | 30,914 |
Total | $ | 44,139 |  |  | $ | 42,065 |  |  | $ | 39,356 |
Revenues by individually significant geographic location are as follows (in thousands):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
United States | $ | 271,260 |  |  | $ | 283,933 |  |  | $ | 298,279 |
United Kingdom | 194,434 |  |  | 155,954 |  |  | 123,581 |
Brazil | 208,054 |  |  | 70,710 |  |  | 2,543 |
Other | 66,070 |  |  | 70,786 |  |  | 63,179 |
Total | $ | 739,818 |  |  | $ | 581,383 |  |  | $ | 487,582 |
Our operational assets, primarily our vessels, work throughout the year in various regions around the world such as the U.S. Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa. The following table provides our property and equipment, net of accumulated depreciation, by individually significant geographic location (in thousands):
| December 31,
| 2018 |  | 2017
United States | $ | 862,334 |  |  | $ | 894,680 |
United Kingdom (1) | 236,512 |  |  | 270,499 |
Brazil | 324,083 |  |  | 334,454 |
Singapore (2) | 403,816 |  |  | 295,798 |
Other | — |  |  | 10,558 |
Total | $ | 1,826,745 |  |  | $ | 1,805,989 |
(1) | Includes certain assets that are based in the United Kingdom but may operate in the North Sea and West Africa regions.
(2) | Primarily includes the Q7000 vessel currently under completion at the shipyard in Singapore. The vessel may be deployed globally once completed.
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):
| December 31,
| 2018 |  | 2017
Well Intervention | $ | 1,916,638 |  |  | $ | 1,830,733 |
Robotics | 147,602 |  |  | 179,853 |
Production Facilities | 120,845 |  |  | 138,292 |
Corporate and other | 162,645 |  |  | 213,959 |
Total | $ | 2,347,730 |  |  | $ | 2,362,837 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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