| Schedule of Disaggregation of Revenue |
A summary of revenues by customer for each of our operating segments is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended December 31, 2024 |
Aviation |
|
Fleet |
|
Total |
| Commercial |
$ |
779,008 |
|
|
$ |
178,509 |
|
|
$ |
957,517 |
|
|
|
|
|
|
|
| Other government |
7,248 |
|
|
115,367 |
|
|
122,615 |
|
| Total |
$ |
786,256 |
|
|
$ |
293,876 |
|
|
$ |
1,080,132 |
|
|
|
|
|
|
|
| Year Ended December 31, 2023 |
|
|
|
|
|
| Commercial |
$ |
539,592 |
|
|
$ |
150,835 |
|
|
$ |
690,427 |
|
| DoD |
— |
|
|
209 |
|
|
209 |
|
| Other government |
4,428 |
|
|
165,424 |
|
|
169,852 |
|
| Total |
$ |
544,020 |
|
|
$ |
316,468 |
|
|
$ |
860,488 |
|
|
|
|
|
|
|
| Year Ended December 31, 2022 |
|
|
|
|
|
| Commercial |
$ |
403,155 |
|
|
$ |
104,162 |
|
|
$ |
507,317 |
|
| DoD |
— |
|
|
3,286 |
|
|
3,286 |
|
| Other government |
4,957 |
|
|
153,888 |
|
|
158,845 |
|
| Total |
$ |
408,112 |
|
|
$ |
261,336 |
|
|
$ |
669,448 |
|
A summary of revenues by type for each of our operating segments is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended December 31, 2024 |
Aviation |
|
Fleet |
|
Total |
| Repair |
$ |
293,063 |
|
|
$ |
— |
|
|
$ |
293,063 |
|
| Distribution |
493,193 |
|
|
293,876 |
|
|
787,069 |
|
| Total |
$ |
786,256 |
|
|
$ |
293,876 |
|
|
$ |
1,080,132 |
|
|
|
|
|
|
|
| Year Ended December 31, 2023 |
|
|
|
|
|
| Repair |
$ |
157,154 |
|
|
$ |
— |
|
|
$ |
157,154 |
|
| Distribution |
386,866 |
|
|
316,468 |
|
|
703,334 |
|
| Total |
$ |
544,020 |
|
|
$ |
316,468 |
|
|
$ |
860,488 |
|
|
|
|
|
|
|
| Year Ended December 31, 2022 |
|
|
|
|
|
| Repair |
$ |
107,399 |
|
|
$ |
— |
|
|
$ |
107,399 |
|
| Distribution |
300,713 |
|
|
261,336 |
|
|
562,049 |
|
| Total |
$ |
408,112 |
|
|
$ |
261,336 |
|
|
$ |
669,448 |
|
Contract Balances
Contract balances were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
Financial Statement Classification |
|
2024 |
|
2023 |
Billed and billable receivables |
|
Receivables, net (a)
|
|
$ |
197,563 |
|
|
$ |
127,958 |
|
Contract assets - unbilled receivables |
|
Contract assets |
|
$ |
29,960 |
|
|
$ |
8,049 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
$ |
4,479 |
|
|
$ |
2,785 |
|
(a) Net of allowance of $6.5 million and $3.4 million as of December 31, 2024 and 2023, respectively.
|
|
|
|
|
|