Segment Information | 17. SEGMENT INFORMATION The following tables summarize the operating results, capital expenditures and assets of the Company’s reportable segments. Ocean Services $’000 Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 For the year ended December 31, 2018 Operating Revenues: External customers 414,844 285,688 131,629 3,589 — 835,750 Intersegment — — 80 — (80 ) — 414,844 285,688 131,709 3,589 (80 ) 835,750 Costs and Expenses: Operating 269,294 237,010 83,203 2,455 (114 ) 591,848 Administrative and general 40,179 13,139 24,772 1,841 22,976 102,907 Depreciation and amortization 46,270 24,164 1,944 501 1,700 74,579 355,743 274,313 109,919 4,797 24,562 769,334 Gains on Asset Dispositions 12,887 6,659 — 37 — 19,583 Operating Income (Loss) 71,988 18,034 21,790 (1,171 ) (24,642 ) 85,999 Other Income (Expense): Foreign currency losses, net (168 ) (2,002 ) (28 ) (3 ) (63 ) (2,264 ) Other, net 570 51 — 54,249 94 54,964 Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 3,632 (5,686 ) 203 1,779 — (72 ) Segment Profit 76,022 10,397 21,965 54,854 Other Income (Expense) not included in Segment Profit (47,010 ) Plus Equity in Losses included in Segment Profit 72 Income Before Taxes and Equity in Losses 91,689 Capital Expenditures 39,207 8,298 — 2,639 128 50,272 As of December 31, 2018 Property and Equipment: Historical cost 930,230 438,848 1,227 6,892 30,132 1,407,329 Accumulated depreciation (341,999 ) (195,094 ) (1,031 ) (490 ) (22,205 ) (560,819 ) Net property and equipment 588,231 243,754 196 6,402 7,927 846,510 Investments, at Equity, and Advances to 50% or Less Owned Companies 73,939 57,899 471 24,577 — 156,886 Inventories 2,196 1,997 179 158 — 4,530 Goodwill 1,852 2,350 28,506 — — 32,708 Intangible Assets 8,965 8,991 6,595 — — 24,551 Other current and long-term assets, excluding cash and near cash assets (1) 48,770 78,903 81,410 2,142 13,178 224,403 Segment Assets 723,953 393,894 117,357 33,279 Cash and near cash assets (1) 181,436 Total Assets 1,471,024 ______________________ (1) Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents, marketable securities and construction reserve funds. Ocean Services $’000 Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 For the year ended December 31, 2018 Revenues from Contracts with Customers: Voyage charters 73,979 — — — — 73,979 Contracts of affreightment 11,872 219,375 — — — 231,247 Tariff 74,157 — — — — 74,157 Unit freight 58,326 — — — — 58,326 Terminal operations — 21,501 — — — 21,501 Fleeting operations — 17,888 — — — 17,888 Logistics services — 14,309 — — — 14,309 Time and material contracts — — 119,196 — — 119,196 Retainer contracts — — 10,124 — — 10,124 Product sales (1) — — — 2,686 — 2,686 Other 3,268 5,223 2,389 425 (80 ) 11,225 Lease Revenues: Time charter, bareboat charter and rental income 193,242 7,392 — 478 — 201,112 414,844 285,688 131,709 3,589 (80 ) 835,750 ______________________ (1) Costs of goods sold related to product sales was $2.1 million . Ocean Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 As Adjusted As Adjusted For the year ended December 31, 2017 Operating Revenues: External customers 352,876 248,452 49,055 464 — 650,847 Intersegment — — 101 — (101 ) — 352,876 248,452 49,156 464 (101 ) 650,847 Costs and Expenses: Operating 195,285 206,836 32,017 — (301 ) 433,837 Administrative and general 36,548 16,558 13,438 831 35,731 103,106 Depreciation and amortization 46,073 25,852 819 — 2,314 75,058 277,906 249,246 46,274 831 37,744 612,001 Gains (Losses) on Asset Dispositions and Impairments, Net (323 ) 11,960 — — — 11,637 Operating Income (Loss) 74,647 11,166 2,882 (367 ) (37,845 ) 50,483 Other Income (Expense): Derivative gains, net — — — — 19,727 19,727 Foreign currency gains (losses), net (130 ) 272 50 6 125 323 Other, net 327 — — (301 ) 230 256 Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 7,664 (5,191 ) 174 305 — 2,952 Segment Profit (Loss) 82,508 6,247 3,106 (357 ) Other Income (Expense) not included in Segment Profit (Loss) (35,584 ) Less Equity in Earnings included in Segment Profit (Loss) (2,952 ) Income Before Taxes and Equity in Earnings 35,205 Capital Expenditures 80,006 34,322 60 — 207 114,595 As of December 31, 2017 Property and Equipment: Historical cost 901,076 448,035 1,227 — 30,131 1,380,469 Accumulated depreciation (299,528 ) (181,573 ) (938 ) — (20,505 ) (502,544 ) Net property and equipment 601,548 266,462 289 — 9,626 877,925 Investments, at Equity, and Advances to 50% or Less Owned Companies 52,003 66,479 777 54,182 — 173,441 Inventories 2,352 1,934 91 — — 4,377 Goodwill 1,852 2,403 28,506 — — 32,761 Intangible Assets 10,293 10,486 7,327 — — 28,106 Other current and long-term assets, excluding cash and near cash assets (1) 49,498 71,500 28,398 1,391 9,611 160,398 Segment Assets 717,546 419,264 65,388 55,573 Cash and near cash assets (1) 336,328 Total Assets 1,613,336 ______________________ (1) Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents, marketable securities and construction reserve funds. Ocean Services $’000 Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 As Adjusted As Adjusted For the year ended December 31, 2017 Revenues from Contracts with Customers: Voyage charters 33,623 — — — — 33,623 Contracts of affreightment 15,181 189,080 — — — 204,261 Tariff 68,266 — — — — 68,266 Unit freight 50,693 — — — — 50,693 Terminal operations — 21,488 — — — 21,488 Fleeting operations — 15,561 — — — 15,561 Logistics services — 8,868 — — — 8,868 Time and material contracts — — 33,352 — — 33,352 Retainer contracts — — 10,192 — — 10,192 Other 1,879 5,163 5,612 464 (101 ) 13,017 Lease Revenues: Time charter, bareboat charter and rental income 183,234 8,292 — — — 191,526 352,876 248,452 49,156 464 (101 ) 650,847 Ocean Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 As Adjusted As Adjusted For the year ended December 31, 2016 Operating Revenues: External customers 229,643 251,241 42,797 482 — 524,163 Intersegment — — 119 — (119 ) — 229,643 251,241 42,916 482 (119 ) 524,163 Costs and Expenses: Operating 122,631 208,158 28,561 — (397 ) 358,953 Administrative and general 27,825 14,616 16,214 1,001 26,706 86,362 Depreciation and amortization 31,162 26,327 1,539 — 3,537 62,565 181,618 249,101 46,314 1,001 29,846 507,880 Gains (Losses) on Asset Dispositions and Impairments, Net 411 3,193 (29,587 ) — — (25,983 ) Operating Income (Loss) 48,436 5,333 (32,985 ) (519 ) (29,965 ) (9,700 ) Other Income (Expense): Derivative losses, net — — — — (14,131 ) (14,131 ) Foreign currency gains (losses), net (18 ) 1,722 (181 ) (1 ) (78 ) 1,444 Other, net (6,224 ) (4 ) — (12,608 ) 120 (18,716 ) Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax (4,697 ) (15,944 ) 305 (704 ) — (21,040 ) Segment Profit (Loss) 37,497 (8,893 ) (32,861 ) (13,832 ) Other Income (Expense) not included in Segment Profit (Loss) (51,133 ) Plus Equity in Losses included in Segment Profit (Loss) 21,040 Loss Before Taxes and Equity in Losses (92,236 ) Capital Expenditures 215,837 36,803 2 — 164 252,806 As of December 31, 2016 Property and Equipment: Historical cost 960,816 432,717 1,559 — 29,474 1,424,566 Accumulated depreciation (258,004 ) (167,127 ) (1,244 ) — (18,184 ) (444,559 ) Net property and equipment 702,812 265,590 315 — 11,290 980,007 Investments, at Equity, and Advances to 50% or Less Owned Companies 51,620 69,181 566 54,094 — 175,461 Inventories 843 1,602 137 — — 2,582 Goodwill 1,852 2,400 28,506 — — 32,758 Intangible Assets — 12,018 8,060 — — 20,078 Other current and long-term assets, excluding cash and near cash assets (1) 29,801 88,165 14,284 11,193 21,576 165,019 Segment Assets 786,928 438,956 51,868 65,287 Cash and near cash assets (1) 410,777 Discontinued operations 1,075,639 Total Assets 2,862,321 ______________________ (1) Cash and near cash assets includes cash, cash equivalents, restricted cash, restricted cash equivalents, marketable securities and construction reserve funds. Ocean Services $’000 Inland Services $’000 Witt O’Brien’s $’000 Other $’000 Corporate and Eliminations $’000 Total $’000 As Adjusted As Adjusted For the year ended December 31, 2016 Revenues from Contracts with Customers: Contracts of affreightment — 192,633 — — — 192,633 Tariff 62,249 — — — 62,249 Unit freight 43,599 — — — 43,599 Terminal operations — 20,552 — — — 20,552 Fleeting operations — 12,443 — — — 12,443 Logistics services — 4,469 — — — 4,469 Time and material contracts — 25,898 — — 25,898 Retainer contracts — 11,654 — — 11,654 Other 1,451 13,912 5,364 482 (119 ) 21,090 Lease Revenues: Time charter, bareboat charter and rental income 122,344 7,232 — — — 129,576 229,643 251,241 42,916 482 (119 ) 524,163 |