| Summarized Segment Financial Information |
Summarized financial information for each of our divisions for the three and nine months ended September 30, 2018 and 2017, is as follows (in thousands):
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Three Months Ended September 30, 2018 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
2,311 |
|
$ |
24,492 |
|
$ |
22,617 |
|
$ |
1,071 |
|
$ |
— |
|
$ |
(779 |
) |
$ |
49,712 |
|
Gross profit (loss) |
(4,032 |
) |
(1,764 |
) |
3,191 |
|
(205 |
) |
(402 |
) |
— |
|
(3,212 |
) |
Operating income (loss) |
(7,708 |
) |
(2,460 |
) |
2,486 |
|
(708 |
) |
(2,494 |
) |
— |
|
(10,884 |
) |
Total assets (1)
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100,115 |
|
92,839 |
|
37,201 |
|
2,217 |
|
30,585 |
|
— |
|
262,957 |
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Depreciation and amortization expense |
1,023 |
|
1,050 |
|
365 |
|
— |
|
36 |
|
— |
|
2,474 |
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Capital expenditures |
— |
|
783 |
|
545 |
|
142 |
|
1 |
|
— |
|
1,471 |
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Three Months Ended September 30, 2017 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
18,318 |
|
$ |
15,074 |
|
$ |
17,651 |
|
— |
|
$ |
— |
|
$ |
(1,159 |
) |
$ |
49,884 |
|
Gross profit (loss) |
1,250 |
|
(3,504 |
) |
1,912 |
|
— |
|
(152 |
) |
— |
|
(494 |
) |
Operating income (loss) |
472 |
|
(4,392 |
) |
1,217 |
|
— |
|
(2,161 |
) |
— |
|
(4,864 |
) |
Total assets (1)
|
164,677 |
|
96,614 |
|
33,024 |
|
— |
|
9,065 |
|
— |
|
303,380 |
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Depreciation and amortization expense |
1,133 |
|
1,030 |
|
413 |
|
— |
|
95 |
|
— |
|
2,671 |
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Capital expenditures |
1,479 |
|
1,054 |
|
94 |
|
— |
|
25 |
|
— |
|
2,652 |
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Nine Months Ended September 30, 2018 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
28,171 |
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$ |
66,677 |
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$ |
66,692 |
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$ |
2,026 |
|
$ |
— |
|
$ |
(2,550 |
) |
$ |
161,016 |
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Gross profit (loss) |
(5,918 |
) |
(5,563 |
) |
9,390 |
|
30 |
|
(1,171 |
) |
— |
|
(3,232 |
) |
Operating income (loss) |
(12,529 |
) |
(7,652 |
) |
7,189 |
|
(1,375 |
) |
(7,698 |
) |
— |
|
(22,065 |
) |
Total assets (1)
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100,115 |
|
92,839 |
|
37,201 |
|
2,217 |
|
30,585 |
|
— |
|
262,957 |
|
Depreciation and amortization expense |
3,219 |
|
3,170 |
|
1,141 |
|
— |
|
304 |
|
— |
|
7,834 |
|
Capital expenditures |
— |
|
1,442 |
|
708 |
|
142 |
|
70 |
|
— |
|
2,362 |
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Nine Months Ended September 30, 2017 |
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Fabrication |
Shipyard |
Services |
EPC |
Corporate |
Eliminations |
Consolidated |
Revenue |
$ |
42,517 |
|
$ |
51,798 |
|
$ |
43,758 |
|
$ |
— |
|
$ |
— |
|
$ |
(4,328 |
) |
$ |
133,745 |
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Gross profit (loss) |
216 |
|
(19,061 |
) |
2,335 |
|
— |
|
(500 |
) |
— |
|
(17,010 |
) |
Operating income (loss) |
(2,216 |
) |
(22,285 |
) |
327 |
|
— |
|
(6,165 |
) |
— |
|
(30,339 |
) |
Total assets (1)
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164,677 |
|
96,614 |
|
33,024 |
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— |
|
9,065 |
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— |
|
303,380 |
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Depreciation and amortization expense |
5,420 |
|
3,034 |
|
1,266 |
|
— |
|
421 |
|
— |
|
10,141 |
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Capital expenditures |
2,327 |
|
1,872 |
|
199 |
|
— |
|
117 |
|
— |
|
4,515 |
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(1) Intercompany balances have been excluded.
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