| Segment Information |
Our segment information is as follows (in thousands):
|
|
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|
|
|
|
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|
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For the years ended December 31, |
| |
2020 |
|
2019 |
|
2018 |
| Revenues |
|
|
|
|
|
| Aviation |
$ |
165,070 |
|
|
$ |
224,546 |
|
|
$ |
145,423 |
|
| Fleet |
242,170 |
|
|
214,520 |
|
|
214,809 |
|
| Federal and Defense |
254,419 |
|
|
313,561 |
|
|
336,986 |
|
| Total revenues |
$ |
661,659 |
|
|
$ |
752,627 |
|
|
$ |
697,218 |
|
|
|
|
|
|
|
| Operating income (loss): |
|
|
|
|
|
| Aviation |
$ |
(35,513) |
|
|
$ |
17,901 |
|
|
$ |
11,076 |
|
| Fleet |
26,659 |
|
|
29,819 |
|
|
30,626 |
|
| Federal and Defense |
26,309 |
|
|
18,144 |
|
|
15,797 |
|
| Corporate expenses |
(3,532) |
|
|
(5,607) |
|
|
(3,269) |
|
| Operating income |
$ |
13,923 |
|
|
$ |
60,257 |
|
|
$ |
54,230 |
|
|
|
|
|
|
|
| Depreciation and amortization expense: |
|
|
|
|
|
| Aviation |
$ |
10,874 |
|
|
$ |
12,546 |
|
|
$ |
5,123 |
|
| Fleet |
10,260 |
|
|
11,085 |
|
|
7,299 |
|
| Federal and Defense |
3,001 |
|
|
3,296 |
|
|
12,802 |
|
| Total depreciation and amortization |
$ |
24,135 |
|
|
$ |
26,927 |
|
|
$ |
25,224 |
|
|
|
|
|
|
|
| Capital expenditures: |
|
|
|
|
|
| Aviation |
$ |
3,445 |
|
|
$ |
8,396 |
|
|
$ |
1,772 |
|
| Fleet |
675 |
|
|
1,076 |
|
|
802 |
|
| Federal and Defense |
148 |
|
|
58 |
|
|
209 |
|
| Corporate |
159 |
|
|
130 |
|
|
334 |
|
| Total capital expenditures |
$ |
4,427 |
|
|
$ |
9,660 |
|
|
$ |
3,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
December 31, |
| |
2020 |
|
2019 |
| Total assets: |
|
|
|
| Aviation |
$ |
478,861 |
|
|
$ |
522,446 |
|
| Fleet |
161,088 |
|
|
170,142 |
|
| Federal and Defense |
66,808 |
|
|
88,966 |
|
| Corporate |
73,324 |
|
|
64,310 |
|
| Total assets |
$ |
780,081 |
|
|
$ |
845,864 |
|
|
| Revenue by Customer |
Our revenue by customer is as follows for the years ended December 31, (in thousands):
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|
|
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|
|
|
|
|
|
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Years ended December 31, |
| Source of Revenues |
|
2020 |
|
% |
|
2019 |
|
% |
|
2018 |
|
% |
| DoD |
|
$ |
236,397 |
|
|
36 |
|
|
$ |
304,334 |
|
|
41 |
|
|
$ |
334,494 |
|
|
48 |
|
| Other government |
|
216,957 |
|
|
33 |
|
|
205,775 |
|
|
27 |
|
|
212,118 |
|
|
30 |
|
| Commercial |
|
208,305 |
|
|
31 |
|
|
242,518 |
|
|
32 |
|
|
150,606 |
|
|
22 |
|
| Total Revenues |
|
$ |
661,659 |
|
|
100 |
|
|
$ |
752,627 |
|
|
100 |
|
|
$ |
697,218 |
|
|
100 |
|
|
| 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):
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|
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|
|
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|
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| |
|
Years ended December 31, |
| |
|
2020 |
|
2019 |
|
2018 |
| United States |
|
$ |
598,142 |
|
|
$ |
659,451 |
|
|
$ |
647,168 |
|
Other Countries (1)
|
|
63,517 |
|
|
93,176 |
|
|
50,050 |
|
| Total revenue |
|
$ |
661,659 |
|
|
$ |
752,627 |
|
|
$ |
697,218 |
|
(1) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.
|