XBRL Cloud: Business Report

Rendering

Component: (Network and Table)
Network	31903 - Disclosure - Segment Reporting (Tables) (http://www.aquaventure.com/role/DisclosureSegmentReportingTables)
Table	(Implied)

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]

0001422841 (http://www.sec.gov/CIK)

Segment Reporting

Period [Axis]

2016-01-01 - 2016-12-31

Segment Reporting

Schedule of information by reportable segment

The following table provides information by reportable segment for the year ended December 31, 2016 (in thousands):


	Year Ended December 31, 2016
	Seven Seas
	Water		Quench		Total
Revenues:
Bulk water	$	55,861	$	—	$	55,861
Rental		—		48,699		48,699
Other		—		9,540		9,540
Total revenues		55,861		58,239		114,100
Gross profit:
Bulk water		24,304		—		24,304
Rental		—		27,262		27,262
Other		—		4,398		4,398
Total gross profit		24,304		31,660		55,964
Selling, general and administrative expenses		23,825		44,334		68,159
Income (loss) from operations		479		(12,674)		(12,195)
Other expense, net		(3,677)		(4,145)		(7,822)
Loss before income tax expense		(3,198)		(16,819)		(20,017)
Income tax expense		455		—		455
Net loss	$	(3,653)	$	(16,819)	$	(20,472)
Other information:
Depreciation and amortization expense	$	16,543	$	13,573	$	30,116
Interest expense	$	7,071	$	4,153	$	11,224
Interest income	$	666	$	8	$	674
Gain on extinguishment of debt	$	1,610	$	—	$	1,610
Gain on bargain purchase, net of deferred taxes	$	1,429	$	—	$	1,429
Expenditures for long-lived assets	$	8,725	$	11,294	$	20,019
Amortization of deferred financing fees	$	599	$	217	$	816
As of December 31, 2016
Total assets	$	343,269	$	193,427	$	536,696

The following table provides information by reportable segment for the year ended December 31, 2015 (in thousands):


	Year Ended December 31, 2015
	Seven Seas
	Water		Quench		Total
Revenues:
Bulk water	$	47,444	$	—	$	47,444
Rental		—		44,654		44,654
Other		—		8,237		8,237
Total revenues		47,444		52,891		100,335
Gross profit:
Bulk water		18,354		—		18,354
Rental		—		24,444		24,444
Other		—		4,047		4,047
Total gross profit		18,354		28,491		46,845
Selling, general and administrative expenses		17,190		32,247		49,437
Goodwill impairment		—		27,353		27,353
Income (loss) from operations		1,164		(31,109)		(29,945)
Other expense, net		(4,749)		(4,122)		(8,871)
Loss before income tax expense		(3,585)		(35,231)		(38,816)
Income tax expense		2,973		—		2,973
Net loss	$	(6,558)	$	(35,231)	$	(41,789)
Other information:
Depreciation and amortization expense	$	13,499	$	10,643	$	24,142
Interest expense, net	$	4,390	$	4,122	$	8,512
Expenditures for long-lived assets	$	11,597	$	11,364	$	22,961
Amortization of deferred financing fees	$	558	$	116	$	674
As of December 31, 2015
Total assets	$	235,136	$	190,520	$	425,656

The following table provides information by reportable segment for the year ended December 31, 2014 (in thousands):



	Year Ended December 31, 2014
	Seven Seas
	Water		Quench		Total
Revenues:
Bulk water	$	38,989	$	—	$	38,989
Rental		—		23,995		23,995
Other		—		4,143		4,143
Total revenues		38,989		28,138		67,127
Gross profit:
Bulk water		17,952		—		17,952
Rental		—		13,011		13,011
Other		—		2,052		2,052
Total gross profit		17,952		15,063		33,015
Selling, general and administrative expenses		14,119		17,534		31,653
Income (loss) from operations		3,833		(2,471)		1,362
Other expense, net		(3,147)		(2,326)		(5,473)
Income (loss) before income tax		686		(4,797)		(4,111)
Income tax benefit		(1,984)		—		(1,984)
Net income (loss)	$	2,670	$	(4,797)	$	(2,127)
Other information:
Depreciation and amortization expense	$	9,624	$	5,207	$	14,831
Interest expense	$	2,829	$	2,326	$	5,155
Expenditures for long-lived assets	$	15,319	$	4,833	$	20,152
Amortization of deferred financing fees	$	542	$	67	$	609
As of December 31, 2014
Total assets	$	157,656	$	217,010	$	374,666

Schedule of revenues by major geographical region

Revenues earned by major geographical region were (in thousands):


	Year Ended December 31,
	2016		2015		2014
United States	$	58,239	$	52,891	$	28,138
Foreign:
Trinidad & Tobago		13,296		12,711		12,600
Curaçao		7,474		7,809		5,652
British Virgin Islands		13,449		5,813		—
Turks and Caicos		1,841		1,776		1,526
St. Maarten		8,423		7,827		7,778
US. Virgin Islands		9,641		10,133		10,605
All other countries		1,737		1,375		828
Total foreign		55,861		47,444		38,989
Total revenues	$	114,100	$	100,335	$	67,127

Schedule of revenue from major customers

Revenues earned from major customers, which are all included within the Seven Seas Water reportable segment, were (in thousands):


	Year Ended December 31,
	2016		2015		2014
Customer in Trinidad & Tobago	$	13,296	$	12,711	$	12,600
Percentage of total revenues		12%		13%		19%
Customer in US. Virgin Islands	$	8,202	$	8,175	$	7,868
Percentage of total revenues		7%		8%		12%
Customer in British Virgin Islands	$	13,449	$	5,813	$	—
Percentage of total revenues		12%		6%		0%
Customer in St. Maarten	$	8,233	$	7,575	$	7,539
Percentage of total revenues		7%		8%		11%

Schedule of revenues from external customers for each product and service by segment

The following table provides revenues from external customers for each product and service by segment (in thousands):


	Year Ended December 31,
	2016		2015		2014
Seven Seas Water revenues:
Bulk water	$	55,861	$	47,444	$	38,989
Quench revenues:
Rental		48,699		44,654		23,995
Equipment		6,532		5,577		2,892
Coffee and consumables		3,008		2,660		1,251
Total Quench revenues		58,239		52,891		28,138
Total revenues	$	114,100	$	100,335	$	67,127

Schedule of Long-lived assets by major geographic region

Long‑lived assets, which include property, plant and equipment, net, construction in process and long‑term contract costs, by major geographic region were (in thousands):


	December 31,
	2016		2015
United States	$	28,419	$	28,797
Foreign:
Trinidad & Tobago		47,003		45,205
Curaçao		8,140		10,023
British Virgin Islands		83,954		85,582
Turks and Caicos		3,182		3,270
St. Maarten		10,597		12,276
US. Virgin Islands		29,414		31,118
All other countries		2,293		922
Total foreign		184,583		188,396
	$	213,002	$	217,193