Segment Information | (9) Segment Information Business Segments The Drilling Products and Services segment rents and sells bottom hole assemblies, premium drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, completion, production and workover activities. It also provides on-site accommodations and machining services. The Onshore Completion and Workover Services segment provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well servicing rigs that provide a variety of well completion, workover and maintenance services. The Production Services segment provides intervention services such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, production testing and optimization, and remedial pumping services. The Technical Solutions segment provides services typically requiring specialized engineering, manufacturing or project planning, including well containment systems, stimulation and sand control services and well plug and abandonment services. It also includes production handling arrangements and the production and sale of oil and gas. For 2015, 2014 and 2013 , operating results for the Company’s subsea construction and conventional decommissioning businesses are reported in discontinued operations (see note 4). Previously those operating results were reported within the Technical Solutions segment. The Company evaluates the performance of its reportable segments based on income or loss from operations. The segment measure is calculated as follows: segment revenues less segment operating expenses, depreciation, depletion, amortization and accretion expense, reduction in value of assets and allocated general and administrative expenses. General and administrative expenses are allocated to the segments based primarily on specific identification and, to the extent that such identification is not practical, other methods which the Company believes to be a reasonable reflection of the utilization of services provided. The Company believes this segment measure is useful in evaluating the performance of its reportable segments because it highlights operating trends and aids analytical comparisons. Summarized financial information for the Company’s segments is as follows (in thousands): 2015 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ 583,139 $ 934,274 $ 759,606 $ 497,546 $ - $ 2,774,565 Cost of services and rentals (exclusive of items shown separately below) 196,921 773,119 594,286 301,486 - 1,865,812 Depreciation, depletion, amortization and accretion 194,061 225,667 130,267 62,152 - 612,147 General and administrative expenses 127,525 121,289 139,304 122,590 - 510,708 Reduction in value of assets 40,237 783,229 790,517 124,904 - 1,738,887 Income (loss) from operations 24,395 (969,030) (894,768) (113,586) - (1,952,989) Interest expense, net - - (2,013) 1,707 (97,012) (97,318) Other expense - - - - (9,476) (9,476) Income (loss) from continuing operations before income taxes $ 24,395 $ (969,030) $ (896,781) $ (111,879) $ (106,488) $ (2,059,783) 2014 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ 904,358 $ 1,732,833 $ 1,350,956 $ 568,475 $ - $ 4,556,622 Cost of services and rentals (exclusive of items shown separately below) 282,023 1,205,443 941,030 306,337 - 2,734,833 Depreciation, depletion, amortization and accretion 186,642 233,430 164,672 66,070 - 650,814 General and administrative expenses 149,967 159,687 187,526 127,191 - 624,371 Income from operations 285,726 134,273 57,728 68,877 - 546,604 Interest expense, net - - - 1,577 (98,311) (96,734) Other expense - - - - (7,681) (7,681) Income (loss) from continuing operations before income taxes $ 285,726 $ 134,273 $ 57,728 $ 70,454 $ (105,992) $ 442,189 2013 Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total Revenues $ 820,538 $ 1,607,268 $ 1,434,990 $ 487,261 $ - $ 4,350,057 Cost of services and rentals (exclusive of items shown separately below) 268,127 1,091,956 1,002,628 270,879 - 2,633,590 Depreciation, depletion, amortization and accretion 168,391 216,152 177,532 42,366 - 604,441 General and administrative expenses 136,244 158,448 190,647 112,439 - 597,778 Reduction in value of assets 2,292 16,975 28,568 252,243 - 300,078 Income (loss) from operations 245,484 123,737 35,615 (190,666) - 214,170 Interest expense, net - - - 1,323 (109,225) (107,902) Other income (expense) - - - 836 (6,347) (5,511) Income (loss) from continuing operations before income taxes $ 245,484 $ 123,737 $ 35,615 $ (188,507) $ (115,572) $ 100,757 Identifiable Assets Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Unallocated Total December 31, 2015 $ 1,223,191 $ 1,929,185 $ 967,719 $ 794,149 $ - $ 4,914,244 December 31, 2014 $ 1,284,842 $ 2,993,824 $ 2,098,592 $ 940,524 $ - $ 7,317,782 December 31, 2013 $ 1,237,842 $ 2,961,390 $ 2,158,653 $ 1,009,058 $ - $ 7,366,943 As of December 31, 2015 and 2014 , the Technical Solutions segment included $95.2 million and $116.7 million, respectively, of identifiable assets of the subsea construction and conventional decommissioning businesses that were classified as assets held for sale on the consolidated balance sheets. Capital Expenditures Onshore Drilling Completion Products and and Workover Production Technical Consolidated Services Services Services Solutions Total December 31, 2015 $ 129,504 $ 103,001 $ 72,048 $ 53,673 $ 358,226 December 31, 2014 $ 274,752 $ 152,742 $ 88,870 $ 99,738 $ 616,102 December 31, 2013 $ 246,479 $ 101,854 $ 122,946 $ 137,681 $ 608,960 Geographic Segments The Company attributes revenue to various countries based on the location where services are performed or the destination of the drilling products or equipment sold or rented. Long-lived assets consist primarily of property, plant and equipment and are attributed to various countries based on the physical location of the asset at the end of a period. As of December 31, 2015 and 2014, the assets of the subsea construction and conventional decommissioning businesses were classified as assets held for sale on the consolidated balance sheets. The Company’s revenue attributed to the U.S. and to other countries and the value of its long-lived assets by those locations is as follows (in thousands): Revenues Years Ended December 31, 2015 2014 2013 United States $ 2,185,071 $ 3,848,929 $ 3,674,825 Other Countries 589,494 707,693 675,232 Total $ 2,774,565 $ 4,556,622 $ 4,350,057 Long-Lived Assets December 31, 2015 2014 United States $ 1,799,418 $ 2,416,306 Other Countries 323,873 317,533 Total, net $ 2,123,291 $ 2,733,839 |