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Segmented information (Tables)
6 Months Ended
Jun. 30, 2022
Segmented information  
Schedule of Revenue and Net income by Segment

Three months ended June 30, 2022

Six months ended June 30, 2022

    

A&M

    

Other

    

Consolidated

    

A&M

    

Other

    

Consolidated

Service revenue:

Commissions

$

136,403

$

$

136,403

$

252,778

$

$

252,778

Fees

98,588

51,511

150,099

183,217

95,368

278,585

Total service revenue

234,991

51,511

286,502

435,995

95,368

531,363

Inventory sales revenue

 

198,044

 

 

198,044

 

347,104

 

 

347,104

Total revenue

$

433,035

$

51,511

$

484,546

$

783,099

$

95,368

$

878,467

Costs of services

 

28,985

 

16,054

 

45,039

 

54,559

 

29,495

 

84,054

Cost of inventory sold

 

176,171

 

 

176,171

 

307,753

 

 

307,753

Selling, general and administrative

 

125,535

 

18,742

 

144,277

 

234,346

 

36,537

 

270,883

Segment profit

$

102,344

$

16,715

$

119,059

$

186,441

$

29,336

$

215,777

Acquisition-related costs

 

  

 

  

 

3,399

 

  

 

  

 

13,036

Depreciation and amortization

 

  

 

  

 

24,298

 

  

 

  

 

48,523

Foreign exchange gain

 

  

 

  

 

(158)

 

  

 

  

 

(322)

Total operating expenses

$

393,026

723,927

Gain on disposition of property, plant and equipment

 

  

 

  

 

347

 

  

 

  

 

170,167

Operating income

 

  

 

  

$

91,867

 

  

 

  

$

324,707

Interest expense

 

  

 

  

 

(18,463)

 

  

 

  

 

(39,149)

Change in fair value of derivatives

1,263

Other income, net

 

  

 

  

 

1,639

 

  

 

  

 

2,559

Income tax expense

 

  

 

  

 

(21,632)

 

  

 

  

 

(57,868)

Net income

 

  

 

  

$

53,411

 

  

 

  

$

231,512

Three months ended June 30, 2021

Six months ended June 30, 2021

    

A&M

    

Other

    

Consolidated

    

A&M

    

Other

    

Consolidated

Service revenue:

Commissions

$

129,334

$

$

129,334

$

233,309

$

$

233,309

Fees

83,334

40,080

123,414

151,430

74,039

225,469

Total service revenue

212,668

40,080

252,748

384,739

74,039

458,778

Inventory sales revenue

 

143,613

 

 

143,613

 

269,138

 

 

269,138

Total revenue

$

356,281

$

40,080

$

396,361

$

653,877

$

74,039

$

727,916

Costs of services

 

25,176

 

16,125

 

41,301

 

49,480

 

29,687

 

79,167

Cost of inventory sold

 

131,023

 

 

131,023

 

241,770

 

 

241,770

Selling, general and administrative

 

99,215

 

10,345

 

109,560

 

201,996

 

21,803

 

223,799

Segment profit

$

100,867

$

13,610

$

114,477

$

160,631

$

22,549

$

183,180

Acquisition-related costs

 

 

  

 

3,049

 

  

 

  

 

5,971

Depreciation and amortization

 

  

 

 

21,935

 

  

 

  

 

43,005

Foreign exchange loss

 

 

 

151

 

  

 

  

 

428

Total operating expenses

$

307,019

594,140

Gain on disposition of property, plant and equipment

 

 

 

175

 

  

 

  

 

243

Operating income

 

 

$

89,517

 

  

 

  

$

134,019

Interest expense

 

 

  

 

(8,867)

 

  

 

  

 

(17,813)

Other income, net

 

 

  

 

1,196

 

  

 

  

 

2,198

Income tax expense

 

  

 

  

 

(21,065)

 

  

 

  

 

(29,484)

Net income

 

  

 

  

$

60,781

 

  

 

  

$

88,920

6.    Segmented information (continued)

Geographic Information of Revenue

United 

  

Total revenue for the three months ended:

States

Canada

Australia

Europe

Other

Consolidated

June 30, 2022

$

215,466

$

143,466

$

71,734

$

36,989

$

16,891

$

484,546

June 30, 2021

183,391

 

98,690

44,514

 

55,467

 

14,299

 

396,361

Total revenue for the six months ended:

 

June 30, 2022

$

463,416

$

208,699

$

100,809

$

74,809

$

30,734

$

878,467

June 30, 2021

390,805

 

147,168

64,077

 

102,643

 

23,223

 

727,916