Segment Information | NOTE 9 - SEGMENT INFORMATION The Company currently has two reportable segments from which it derives its revenues: Navios Partners Operations and Navios Containers Operations. The reportable segments reflect the internal organization of the Company whereby the Chief Operating Decision Maker (“CODM”) reviews the discrete financial information of the Navios Partners' controlled fleet and the Navios Containers' controlled fleet. The Company measures segment performance based on net (loss)/income attributable to Navios Partners common unitholders. Summarized financial information concerning each of the Company's reportable segments is as follows: Navios Partners Operations Navios Containers Operations Total Three Month Three Month Three Month Three Month Eliminations Three Month Three Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2017 2016 2017 2016 2017 2016 Revenue $ 46,916 $ 44,877 $ 3,102 $ — — $ 50,018 $ 44,877 Management fees (14,760 ) (14,719 ) (702 ) — — (15,462 ) (14,719 ) Interest expense and finance cost, net (8,138 ) (8,369 ) (80 ) — 73 (8,145 ) (8,369 ) Depreciation and amortization (17,360 ) (18,809 ) (1,320 ) — — (18,680 ) (18,809 ) Net income/ (loss) 7,987 (16,807 ) 881 — (4,423 ) 4,445 (16,807 ) Total assets 1,275,942 1,288,362 97,333 — (45,723 ) 1,327,552 1,288,362 Capital expenditures (95,247 ) — (44,567 ) — 30,000 (109,814 ) - Investment in affiliates 1,192 1,340 — — (30,000 ) 1,192 1,340 Cash and cash equivalents 44,813 25,327 34,936 — — 79,749 25,327 Restricted cash 6,299 1,572 — — — 6,299 1,572 Long-term debt (including current and non-current portion), net $ 441,347 $ 555,007 $ 33,670 $ — — $ 475,017 $ 555,007 Navios Partners Operations Navios Containers Operations Total Six Month Six Month Six Month Six Month Eliminations Six Month Six Month Period Ended Period Ended Period Ended Period Ended Period Ended Period Ended June 30, June 30, June 30, June 30, June 30, June 30, 2017 2016 2017 2016 2017 2016 Revenue $ 89,327 $ 90,518 $ 3,102 $ — — $ 92,429 $ 90,518 Management fees (29,103 ) (29,439 ) (702 ) — — (29,805 ) (29,439 ) Interest expense and finance cost, net (18,493 ) (16,033 ) (80 ) — 73 (18,500 ) (16,033 ) Depreciation and amortization (34,135 ) (37,614 ) (1,320 ) — — (35,455 ) (37,614 ) Net income/ (loss) 2,334 (16,598 ) 881 — (4,423) (1,208 ) (16,598 ) Total assets 1,275,942 1,288,362 97,333 — (45,723 ) 1,327,552 1,288,362 Capital expenditures 2,798 (450 ) (44,567 ) — 30,000 (11,769 ) (450 ) Investment in affiliates 31,192 1,340 — — (30,000 ) 1,192 1,340 Cash and cash equivalents 44,813 25,327 34,936 — — 79,749 25,327 Restricted cash 6,299 1,572 — — 6,299 1,572 Long-term debt (including current and non-current portion), net 441,347 555,007 33,670 — — 475,017 555,007 Navios Partners reports financial information and evaluates its operations by charter revenues. Navios Partners does not use discrete financial information to evaluate operating results for each type of charter or by sector. As a result, management reviews operating results solely by revenue per day and operating results of the fleet and thus Navios Partners has determined that it operates under one reportable segment. The following table sets out operating revenue by geographic region for Navios Partners' reportable segment. Revenue is allocated on the basis of the geographic region in which the customer is located. Drybulk and container vessels operate worldwide. Revenues from specific geographic region which contribute over 10% of total revenue are disclosed separately. Revenue by Geographic Region Vessels operate on a worldwide basis and are not restricted to specific locations. Accordingly, it is not possible to allocate the assets of these operations to specific countries. Three Month Three Month Six Month Six Month Asia $ 30,250 $ 29,289 $ 55,047 $ 56,520 Europe 10,217 9,561 19,683 22,588 North America 5,161 3,173 9,654 5,769 Australia 4,390 2,854 8,045 5,641 Total $ 50,018 $ 44,877 $ 92,429 $ 90,518 |