| Segment Information |
Our segment information is as follows (in thousands):
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For the years ended December 31, |
| |
2023 |
|
2022 |
|
2021 |
| Revenues: |
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|
|
|
|
| Aviation |
$ |
544,020 |
|
|
$ |
408,112 |
|
|
$ |
247,852 |
|
| Fleet |
316,468 |
|
|
261,336 |
|
|
233,532 |
|
| Total revenues |
$ |
860,488 |
|
|
$ |
669,448 |
|
|
$ |
481,384 |
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|
|
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|
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| Operating income (loss): |
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|
|
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| Aviation |
$ |
71,168 |
|
|
$ |
36,416 |
|
|
$ |
(14,373) |
|
| Fleet |
31,257 |
|
|
23,911 |
|
|
20,426 |
|
Corporate/unallocated expenses (a)
|
(14,429) |
|
|
(6,723) |
|
|
(8,758) |
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Total operating income (loss) |
$ |
87,996 |
|
|
$ |
53,604 |
|
|
$ |
(2,705) |
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|
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| Depreciation and amortization expense: |
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|
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| Aviation |
$ |
16,080 |
|
|
$ |
13,174 |
|
|
$ |
11,374 |
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| Fleet |
5,300 |
|
|
8,783 |
|
|
9,679 |
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| Total depreciation and amortization |
$ |
21,380 |
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|
$ |
21,957 |
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|
$ |
21,053 |
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| Capital expenditures: |
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|
|
|
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| Aviation |
$ |
16,467 |
|
|
$ |
5,961 |
|
|
$ |
7,468 |
|
| Fleet |
2,198 |
|
|
5,502 |
|
|
1,669 |
|
| Corporate |
269 |
|
|
861 |
|
|
843 |
|
| Total capital expenditures |
$ |
18,934 |
|
|
$ |
12,324 |
|
|
$ |
9,980 |
|
| (a) Certain corporate costs previously allocated to the Federal and Defense business for segment reporting purposes did not qualify for classification within discontinued operations and have been reallocated to continuing operations. |
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December 31, |
| |
2023 |
|
2022 |
| Total assets: |
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| Aviation |
$ |
950,143 |
|
|
$ |
637,615 |
|
| Fleet |
274,382 |
|
|
218,138 |
|
| Corporate |
32,811 |
|
|
33,097 |
|
Assets held-for-sale |
93,002 |
|
|
110,939 |
|
| Total assets |
$ |
1,350,338 |
|
|
$ |
999,789 |
|
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| 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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|
Years ended December 31, |
| |
|
2023 |
|
2022 |
|
2021 |
| United States |
|
$ |
656,767 |
|
|
$ |
557,615 |
|
|
$ |
399,423 |
|
Other Countries (a)
|
|
203,721 |
|
|
111,833 |
|
|
81,961 |
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| Total revenue |
|
$ |
860,488 |
|
|
$ |
669,448 |
|
|
$ |
481,384 |
|
(a) No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented.
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