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Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information by Regions

Revenue, operating income (loss), general and administrative expenses, depreciation and amortization, and impairment of goodwill and intangible assets by operating segment during the years ended December 31, 2022, 2021 and 2020 were as follows:

 

 

 

Year Ended December 31,

(millions)

 

2022

 

 

 

 

2021

 

 

 

 

2020

 

 

 

Services revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

$

261.7

 

 

 

 

$

206.5

 

 

 

 

$

180.8

 

 

 

Management type contracts

 

 

276.8

 

 

 

 

 

232.5

 

 

 

 

 

218.1

 

 

 

Total Commercial

 

 

538.5

 

 

 

 

 

439.0

 

 

 

 

 

398.9

 

 

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

 

14.0

 

 

 

 

 

9.1

 

 

 

 

 

8.6

 

 

 

Management type contracts

 

 

241.9

 

 

 

 

 

153.4

 

 

 

 

 

141.5

 

 

 

Total Aviation

 

 

255.9

 

 

 

 

 

162.5

 

 

 

 

 

150.1

 

 

 

Reimbursed management type contract revenue

 

 

759.1

 

 

 

 

 

575.7

 

 

 

 

 

537.9

 

 

 

Total services revenue

 

$

1,553.5

 

 

 

 

$

1,177.2

 

 

 

 

$

1,086.9

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

122.0

 

 

 

 

$

101.3

 

 

 

 

$

(46.8

)

 

 

Aviation

 

 

33.5

 

 

 

 

 

21.8

 

 

 

 

 

(114.9

)

 

 

Other

 

 

(72.6

)

 

 

 

 

(56.6

)

 

 

 

 

(57.9

)

 

 

Total operating income (loss)

 

$

82.9

 

 

 

 

$

66.5

 

 

 

 

$

(219.6

)

 

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

29.3

 

 

 

 

$

23.0

 

 

 

 

$

18.6

 

 

 

Aviation

 

 

12.6

 

 

 

 

 

11.8

 

 

 

 

 

12.0

 

 

 

Other

 

 

67.2

 

 

 

 

 

53.4

 

 

 

 

 

54.8

 

 

 

Total general and administrative expenses

 

$

109.1

 

 

 

 

$

88.2

 

 

 

 

$

85.4

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial(1)

 

$

13.1

 

 

 

 

$

13.5

 

 

 

 

$

13.5

 

 

 

Aviation(2)

 

 

11.2

 

 

 

 

 

8.4

 

 

 

 

 

12.7

 

 

 

Other

 

 

5.4

 

 

 

 

 

3.2

 

 

 

 

 

3.1

 

 

 

Total depreciation and amortization

 

$

29.7

 

 

 

 

$

25.1

 

 

 

 

$

29.3

 

 

 

Impairment of goodwill and intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

135.3

 

 

 

Total impairment of goodwill and intangible assets

 

$

 

 

 

 

$

 

 

 

 

$

135.3

 

 

 

(1)
Included depreciation and amortization expenses related to cost of services activities of $7.9 million, $7.9 million and $7.6 million during the years ended December 31, 2022, 2021 and 2020, respectively.
(2)
Included depreciation and amortization expenses related to cost of services activities of $5.8 million, $4.6 million and $4.1 million during the years ended December 31, 2022, 2021 and 2020, respectively.