Segment Information
6 Months Ended
Jun. 30, 2018
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION

NOTE 11: SEGMENT INFORMATION

The Company currently has two reportable segments from which it derives its revenues: Dry Bulk Vessel Operations and Logistics Business. The reportable segments reflect the internal organization of the Company and are strategic businesses that offer different products and services. The Dry Bulk Vessel Operations consists of the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight and FFAs. The Logistics Business consists of operating ports and transfer station terminals, handling of vessels, barges and pushboats as well as upriver transport facilities in the Hidrovia region.

The Company measures segment performance based on net loss attributable to Navios Holdings common stockholders. Inter-segment sales and transfers are not significant and have been eliminated and are not included in the following tables. Summarized financial information concerning each of the Company’s reportable segments is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Drybulk Vessel Operations

 

 

Logistics Business

 

 

Total

 

 

  

Three Month

Period Ended

June 30,

2018

 

 

Three Month

Period Ended

June 30,

2017

 

 

Three Month

Period Ended

June 30,

2018

 

 

Three Month

Period Ended

June 30,

2017

 

 

Three Month

Period Ended

June 30,

2018

 

 

Three Month

Period Ended

June 30,

2017

 

Revenue

  

$

71,988

 

 

$

59,237

 

 

$

60,063

 

 

$

59,381

 

 

$

132,051

 

 

$

118,618

 

Administrative fee revenue from affiliates

  

 

7,126

 

 

 

5,360

 

 

 

  

 

 

 

  

 

 

 

7,126

 

 

 

5,360

 

Interest expense and finance cost, net

  

 

(23,256)

 

 

 

(21,270

)

 

 

(9,997)

 

 

 

(6,295

)

 

 

(33,253)

 

 

 

(27,565

)

Depreciation and amortization

  

 

(17,385)

 

 

 

(19,713

)

 

 

(7,152)

 

 

 

(6,378

)

 

 

(24,537)

 

 

 

(26,091

)

Equity in net (losses)/earnings of affiliated companies

  

 

(3,025)

 

 

 

(3,775)

 

 

 

  

 

 

 

  

 

 

 

(3,025)

 

 

 

(3,775

 )

Net (loss)/income attributable to Navios Holdings common stockholders

  

 

(27,842)

 

 

 

(40,085

)

 

 

2,550

 

 

 

2,827

 

 

 

(25,292)

 

 

 

(37,258

)

Total assets

  

 

1,898,715

 

 

 

2,036,569

 

 

 

674,413

 

 

 

659,871

 

 

 

2,573,128

 

 

 

2,696,440

 

Goodwill

  

 

56,240

 

 

 

56,240

 

 

 

104,096

 

 

 

104,096

 

 

 

160,336

 

 

 

160,336

 

Capital expenditures

  

 

(1,527)

 

 

 

(63

)

 

 

(2,277)

 

 

 

(13,015

)

 

 

(3,804)

 

 

 

(13,078

)

Investments in affiliates

  

 

174,263

 

 

 

189,195

 

 

 

  

 

 

 

  

 

 

 

174,263

 

 

 

189,195

 

Cash and cash equivalents

  

 

48,051

 

 

 

67,309

 

 

 

70,403

 

 

 

62,899

 

 

 

118,454

 

 

 

130,208

 

Restricted cash

  

 

2,978

 

 

 

4,462

 

 

 

  

 

 

 

  

 

 

 

2,978

 

 

 

4,462

 

Long-term debt (including current and non-current portion)

  

$

1,137,924

 

 

$

1,205,392

 

 

$

528,696

 

 

$

440,878

 

 

$

1,666,620

 

 

$

1,646,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Drybulk Vessel Operations

 

 

Logistics Business

 

 

Total

 

 

  

Six Month

Period Ended

June 30,

2018

 

 

Six Month

Period Ended

June 30,

2017

 

 

Six Month

Period Ended

June 30,

2018

 

 

Six Month

Period Ended

June 30,

2017

 

 

Six Month

Period Ended

June 30,

2018

 

 

Six Month

Period Ended

June 30,

2017

 

Revenue

  

$

136,602

 

 

$

110,782

 

 

$

112,331

 

 

$

103,182

 

 

$

248,933

 

 

$

213,964

 

Administrative fee revenue from affiliates

  

 

14,131

 

 

 

10,658

 

 

 

  

 

 

 

  

 

 

 

14,131

 

 

 

10,658

 

Interest expense and finance cost, net

  

 

(45,821)

 

 

 

(42,911

) 

 

 

(19,242)

 

 

 

(12,076

) 

 

 

(65,063)

 

 

 

(54,987

) 

Depreciation and amortization

  

 

(36,223)

 

 

 

(39,246

) 

 

 

(14,380)

 

 

 

(12,468

) 

 

 

(50,603)

 

 

 

(51,714

) 

Equity in net (losses)/earnings of affiliated companies

  

 

(9,489)

 

 

 

1,307

 

 

 

  

 

 

 

  

 

 

 

(9,489)

 

 

 

1,307

 

Net (loss)/income attributable to Navios Holdings common stockholders

  

 

(68,030)

 

 

 

(86,885

) 

 

 

1,881

 

 

 

908

 

 

 

(66,149)

 

 

 

(85,977

) 

Total assets

  

 

1,898,715

 

 

 

2,036,569

 

 

 

674,413

 

 

 

659,871

 

 

 

2,573,128

 

 

 

2,696,440

 

Goodwill

  

 

56,240

 

 

 

56,240

 

 

 

104,096

 

 

 

104,096

 

 

 

160,336

 

 

 

160,336

 

Capital expenditures

  

 

(12,447)

 

 

 

(99

) 

 

 

(6,046)

 

 

 

(29,071

) 

 

 

(18,493)

 

 

 

(29,170

) 

Investments in affiliates

  

 

174,263

 

 

 

189,195

 

 

 

  

 

 

 

  

 

 

 

174,263

 

 

 

189,195

 

Cash and cash equivalents

  

 

48,051

 

 

 

67,309

 

 

 

70,403

 

 

 

62,899

 

 

 

118,454

 

 

 

130,208

 

Restricted cash

  

 

2,978

 

 

 

4,462

 

 

 

  

 

 

 

  

 

 

 

2,978

 

 

 

4,462

 

Long-term debt (including current and non-current portion)

  

$

1,137,924

 

 

$

1,205,392

 

 

$

528,696

 

 

$

440,878

 

 

$

1,666,620

 

 

$

1,646,270