Annual report pursuant to Section 13 and 15(d)

Business Segments and Customer Information (Tables)

v3.22.4
Business Segments and Customer Information (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Information
Our segment information is as follows (in thousands):
For the years ended December 31,
  2022 2021 2020
Revenues
Aviation $ 408,112  $ 247,852  $ 165,070 
Fleet 261,336  233,532  242,170 
Federal and Defense 280,314  269,469  254,419 
Total revenues $ 949,762  $ 750,853  $ 661,659 
Operating income (loss):      
Aviation $ 36,416  $ (14,373) $ (35,513)
Fleet 23,911  20,426  26,659 
Federal and Defense (805) 19,897  26,309 
Corporate expenses (4,391) (4,430) (3,532)
Operating income $ 55,131  $ 21,520  $ 13,923 
Depreciation and amortization expense:      
Aviation $ 13,174  $ 11,374  $ 10,874 
Fleet 8,783  9,679  10,260 
Federal and Defense 3,613  4,547  3,001 
Total depreciation and amortization $ 25,570  $ 25,600  $ 24,135 
Capital expenditures:      
Aviation $ 5,961  $ 7,468  $ 3,445 
Fleet 5,502  1,669  675 
Federal and Defense 26  124  148 
Corporate 1,162  1,259  159 
Total capital expenditures $ 12,651  $ 10,520  $ 4,427 

  December 31,
  2022 2021
Total assets:
Aviation $ 637,615  $ 580,156 
Fleet 218,138  182,089 
Federal and Defense 93,728  92,571 
Corporate 50,308  63,742 
Total assets $ 999,789  $ 918,558 
Revenue by Geographic Areas
Revenue by geography is based on the billing address of the customer. Our revenue by geographic area is as follows (in thousands):
  Years ended December 31,
  2022 2021 2020
United States $ 837,929  $ 668,892  $ 598,142 
Other Countries(1)
111,833  81,961  63,517 
Total revenue $ 949,762  $ 750,853  $ 661,659 
(1) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.