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Business Segment Information
 12 Months Ended
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,
202020192018
Net revenues —
Well Intervention$539,249 $593,300 $560,568 
Robotics178,018 171,672 158,989 
Production Facilities58,303 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 
Robotics13,755 7,261 (14,054)
Production Facilities15,975 17,160 27,263 
Segment operating income56,585 113,985 100,852 
Goodwill impairment (1)
(6,689)— — 
Corporate, eliminations and other(36,871)(45,988)(49,309)
Total13,025 67,997 51,543 
Net interest expense(28,531)(8,333)(13,751)
Other non-operating income (expense), net16,889 5,892 (6,794)
Income before income taxes$1,383 $65,556 $30,998 
Capital expenditures —
Well Intervention$19,523 $139,212 $136,164 
Robotics257 417 151 
Production Facilities— 123 325 
Corporate and other464 1,102 443 
Total$20,244 $140,854 $137,083 
Depreciation and amortization —
Well Intervention$101,756 $80,153 $76,943 
Robotics15,952 16,459 19,175 
Production Facilities15,652 15,658 14,070 
Corporate and eliminations349 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,
202020192018
Well Intervention (1)
$15,039 $43,484 $14,218 
Robotics26,976 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,
202020192018
U.S.$304,563 $297,162 $271,260 
U.K.133,005 193,903 194,434 
Brazil208,565 216,796 208,054 
Other87,422 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,
20202019
U.S.$750,986 $808,683 
U.K. (1)
764,070 782,246 
Brazil267,896 281,698 
Singapore12 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,
20202019
Well Intervention$2,134,081 $2,180,180 
Robotics132,550 151,478 
Production Facilities129,773 142,624 
Corporate and other101,874 122,449 
Total$2,498,278 $2,596,731