XML 50 R40.htm IDEA: XBRL DOCUMENT v3.20.2
BUSINESS SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Summarized financial information concerning the company's reportable segments Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2020 and 2019 is shown in the following tables. The “Other” column (i) represents amounts excluded from specific segments, such as business development operations, stock-based compensation expense and corporate expenses included in Selling, general, administrative and development expense; Other operating expenses; Interest income; Interest expense; Gain (loss) on retirement of long-term obligations; and Other income (expense), and (ii) reconciles segment operating profit to Income from continuing operations before income taxes.
PropertyTotal 
Property
Services		OtherTotal
Three Months Ended September 30, 2020U.S.AsiaAfricaEuropeLatin America
Segment revenues$1,122.3 $305.2 $220.0 $38.7 $301.4 $1,987.6 $25.3 $2,012.9 
Segment operating expenses (1)207.3 167.1 74.1 7.7 95.5 551.7 10.2 561.9 
Segment gross margin915.0 138.1 145.9 31.0 205.9 1,435.9 15.1 1,451.0 
Segment selling, general, administrative and development expense (1)38.3 24.1 18.5 5.3 20.9 107.1 4.2 111.3 
Segment operating profit$876.7 $114.0 $127.4 $25.7 $185.0 $1,328.8 $10.9 $1,339.7 
Stock-based compensation expense$24.1 24.1 
Other selling, general, administrative and development expense41.3 41.3 
Depreciation, amortization and accretion473.9 473.9 
Other expense (2)298.2 298.2 
Income from continuing operations before income taxes $502.2 
Total assets$22,610.8 $5,142.3 $4,645.3 $1,743.7 $6,855.4 $40,997.5 $35.1 $429.6 $41,462.2 
_______________
(1)Segment operating expenses and segment selling, general, administrative and development expenses exclude stock-based compensation expense of $0.7 million and $23.4 million, respectively.
(2)Primarily includes interest expense.
PropertyTotal 
Property
Services		OtherTotal
Three Months Ended September 30, 2019U.S.AsiaAfricaEuropeLatin America
Segment revenues$1,095.9 $312.5 $148.2 $33.3 $331.7 $1,921.6 $32.0 $1,953.6 
Segment operating expenses (1)207.5 177.9 51.7 6.9 103.6 547.6 11.7 559.3 
Segment gross margin888.4 134.6 96.5 26.4 228.1 1,374.0 20.3 1,394.3 
Segment selling, general, administrative and development expense (1)44.5 33.1 13.7 6.0 23.5 120.8 3.4 124.2 
Segment operating profit$843.9 $101.5 $82.8 $20.4 $204.6 $1,253.2 $16.9 $1,270.1 
Stock-based compensation expense$23.5 23.5 
Other selling, general, administrative and development expense40.8 40.8 
Depreciation, amortization and accretion442.8 442.8 
Other expense (2)221.0 221.0 
Income from continuing operations before income taxes $542.0 
Total assets$22,653.2 $5,324.9 $2,134.7 $1,491.9 $7,129.2 $38,733.9 $55.8 $517.5 $39,307.2 
_______________
(1)Segment operating expenses and segment selling, general, administrative and development expenses exclude stock-based compensation expense of $0.6 million and $22.9 million, respectively.
(2)Primarily includes interest expense.
PropertyTotal PropertyServicesOtherTotal
Nine Months Ended September 30, 2020U.S.AsiaAfricaEuropeLatin America
Segment revenues$3,299.7 $863.1 $651.5 $107.9 $931.8 $5,854.0 $65.0 $5,919.0 
Segment operating expenses (1)599.7 489.7 221.5 21.1 293.1 1,625.1 27.2 1,652.3 
Segment gross margin2,700.0 373.4 430.0 86.8 638.7 4,228.9 37.8 4,266.7 
Segment selling, general, administrative and development expense (1)117.6 90.2 56.4 15.6 67.8 347.6 9.8 357.4 
Segment operating profit$2,582.4 $283.2 $373.6 $71.2 $570.9 $3,881.3 $28.0 $3,909.3 
Stock-based compensation expense$99.0 99.0 
Other selling, general, administrative and development expense128.3 128.3 
Depreciation, amortization and accretion1,401.1 1,401.1 
Other expense (2)879.5 879.5 
Income from continuing operations before income taxes $1,401.4 
_______________
(1)Segment operating expenses and segment selling, general, administrative and development expenses exclude stock-based compensation expense of $2.3 million and $96.7 million, respectively.
(2)Primarily includes interest expense.
PropertyTotal PropertyServicesOtherTotal
Nine Months Ended September 30, 2019U.S.AsiaAfricaEuropeLatin America
Segment revenues$3,089.4 $922.5 $433.6 $100.4 $1,010.6 $5,556.5 $100.1 $5,656.6 
Segment operating expenses (1)595.4 544.2 158.6 20.3 310.5 1,629.0 35.5 1,664.5 
Segment gross margin2,494.0 378.3 275.0 80.1 700.1 3,927.5 64.6 3,992.1 
Segment selling, general, administrative and development expense (1)128.4 77.4 40.8 17.3 75.0 338.9 8.8 347.7 
Segment operating profit$2,365.6 $300.9 $234.2 $62.8 $625.1 $3,588.6 $55.8 $3,644.4 
Stock-based compensation expense$87.9 87.9 
Other selling, general, administrative and development expense117.3 117.3 
Depreciation, amortization and accretion1,328.6 1,328.6 
Other expense (2)663.1 663.1 
Income from continuing operations before income taxes$1,447.5 
_______________
(1)Segment operating expenses and segment selling, general, administrative and development expenses exclude stock-based compensation expense of $2.1 million and $85.8 million, respectively.
(2)Primarily includes interest expense.