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Business Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Business Segment Information | Note 15 — 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 segment for financial reporting purposes. Our Well Intervention segment includes our vessels and/or equipment used to access offshore wells for the purpose of performing well enhancement or decommissioning operations primarily in the Gulf of Mexico, Brazil, the North Sea and West Africa. Our well intervention vessels include the Q4000, the Q5000, the Q7000, the Seawell, the Well Enhancer, and the Siem Helix 1 and Siem Helix 2 chartered vessels. Our well intervention equipment includes IRSs, SILs and the ROAM, some of which we provide on a stand-alone basis. Our Robotics segment includes ROVs, trenchers and a ROVDrill, which are designed to complement well intervention services and offshore construction to both the oil and gas and the renewable energy markets globally. Our Robotics segment also includes two robotics support vessels under long-term charter, the Grand Canyon II and the Grand Canyon III, as well as spot vessels as needed. Our Production Facilities segment includes the HP I, the HFRS and our ownership of oil and gas properties (Note 16). 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,
| 2020 |  | 2019 |  | 2018
Net revenues — |  |  |  |  |
Well Intervention | $ | 539,249 |  |  | $ | 593,300 |  |  | $ | 560,568 |
Robotics | 178,018 |  |  | 171,672 |  |  | 158,989 |
Production Facilities | 58,303 |  |  | 61,210 |  |  | 64,400 |
Intercompany eliminations | (42,015) |  |  | (74,273) |  |  | (44,139) |
Total | $ | 733,555 |  |  | $ | 751,909 |  |  | $ | 739,818 |
Income (loss) from operations — |  |  |  |  |
Well Intervention | $ | 26,855 |  |  | $ | 89,564 |  |  | $ | 87,643 |
Robotics | 13,755 |  |  | 7,261 |  |  | (14,054) |
Production Facilities | 15,975 |  |  | 17,160 |  |  | 27,263 |
Segment operating income | 56,585 |  |  | 113,985 |  |  | 100,852 |
Goodwill impairment (1) | (6,689) |  |  | — |  |  | — |
Corporate, eliminations and other | (36,871) |  |  | (45,988) |  |  | (49,309) |
Total | 13,025 |  |  | 67,997 |  |  | 51,543 |
Net interest expense | (28,531) |  |  | (8,333) |  |  | (13,751) |
Other non-operating income (expense), net | 16,889 |  |  | 5,892 |  |  | (6,794) |
Income before income taxes | $ | 1,383 |  |  | $ | 65,556 |  |  | $ | 30,998 |
Capital expenditures — |  |  |  |  |
Well Intervention | $ | 19,523 |  |  | $ | 139,212 |  |  | $ | 136,164 |
Robotics | 257 |  |  | 417 |  |  | 151 |
Production Facilities | — |  |  | 123 |  |  | 325 |
Corporate and other | 464 |  |  | 1,102 |  |  | 443 |
Total | $ | 20,244 |  |  | $ | 140,854 |  |  | $ | 137,083 |
Depreciation and amortization — |  |  |  |  |
Well Intervention | $ | 101,756 |  |  | $ | 80,153 |  |  | $ | 76,943 |
Robotics | 15,952 |  |  | 16,459 |  |  | 19,175 |
Production Facilities | 15,652 |  |  | 15,658 |  |  | 14,070 |
Corporate and eliminations | 349 |  |  | 450 |  |  | 334 |
Total | $ | 133,709 |  |  | $ | 112,720 |  |  | $ | 110,522 |
(1)Relates to the impairment of the entire STL goodwill balance (Note 7). Intercompany segment amounts are derived primarily from equipment and services provided to other business segments. Intercompany segment revenues are as follows (in thousands):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
Well Intervention (1) | $ | 15,039 |  |  | $ | 43,484 |  |  | $ | 14,218 |
Robotics | 26,976 |  |  | 30,789 |  |  | 29,921 |
Total | $ | 42,015 |  |  | $ | 74,273 |  |  | $ | 44,139 |
(1)Amount in the year ended December 31, 2019 included $27.5 million associated with the P&A work on our oil and gas properties in our Production Facilities segment (Note 16). Revenues by individually significant geographic location are as follows (in thousands):
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
U.S. | $ | 304,563 |  |  | $ | 297,162 |  |  | $ | 271,260 |
U.K. | 133,005 |  |  | 193,903 |  |  | 194,434 |
Brazil | 208,565 |  |  | 216,796 |  |  | 208,054 |
Other | 87,422 |  |  | 44,048 |  |  | 66,070 |
Total | $ | 733,555 |  |  | $ | 751,909 |  |  | $ | 739,818 |
Our operational assets work in various regions around the world such as the 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,
| 2020 |  | 2019
U.S. | $ | 750,986 |  |  | $ | 808,683 |
U.K. (1) | 764,070 |  |  | 782,246 |
Brazil | 267,896 |  |  | 281,698 |
Singapore | 12 |  |  | 10 |
Total | $ | 1,782,964 |  |  | $ | 1,872,637 |
(1)Includes certain assets that are based in the U.K. but may operate in the North Sea, West Africa and other regions, including the Q7000. 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,
| 2020 |  | 2019
Well Intervention | $ | 2,134,081 |  |  | $ | 2,180,180 |
Robotics | 132,550 |  |  | 151,478 |
Production Facilities | 129,773 |  |  | 142,624 |
Corporate and other | 101,874 |  |  | 122,449 |
Total | $ | 2,498,278 |  |  | $ | 2,596,731 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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