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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information by Regions

Revenue, operating income (loss), general and administrative expenses and depreciation and amortization by operating segment during the three and nine months ended September 30, 2023 and 2022 (unaudited) were as follows:

 

 

Three Months Ended

Nine Months Ended

 

(millions)

 

September 30, 2023

 

 

September 30, 2022

 

 

September 30, 2023

 

 

September 30, 2022

 

Services revenue

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

Management type contracts

 

$

75.6

 

 

$

68.2

 

 

$

230.6

 

 

$

206.0

 

Lease type contracts

 

 

70.9

 

 

 

68.6

 

 

 

207.9

 

 

 

194.9

 

Total Commercial

 

 

146.5

 

 

 

136.8

 

 

 

438.5

 

 

 

400.9

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

Management type contracts

 

 

77.9

 

 

 

66.7

 

 

 

216.0

 

 

 

176.6

 

Lease type contracts

 

 

4.0

 

 

 

3.6

 

 

 

11.5

 

 

 

10.5

 

Total Aviation

 

 

81.9

 

 

 

70.3

 

 

 

227.5

 

 

 

187.1

 

Reimbursed management type contract revenue

 

 

232.3

 

 

 

197.3

 

 

 

662.2

 

 

 

547.2

 

Total services revenue

 

$

460.7

 

 

$

404.4

 

 

$

1,328.2

 

 

$

1,135.2

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

35.7

 

 

$

32.4

 

 

$

103.0

 

 

$

95.7

 

Aviation

 

 

10.6

 

 

 

9.7

 

 

 

28.8

 

 

 

26.3

 

Other

 

 

(25.3

)

 

 

(18.3

)

 

 

(66.2

)

 

 

(52.5

)

Total operating income

 

$

21.0

 

 

$

23.8

 

 

$

65.6

 

 

$

69.5

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

9.8

 

 

$

7.2

 

 

$

27.3

 

 

$

21.1

 

Aviation

 

 

4.8

 

 

 

3.1

 

 

 

12.7

 

 

 

8.7

 

Other

 

 

23.0

 

 

 

16.9

 

 

 

60.0

 

 

 

48.6

 

Total general and administrative expenses

 

$

37.6

 

 

$

27.2

 

 

$

100.0

 

 

$

78.4

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Commercial(1)

 

$

3.8

 

 

$

3.4

 

 

$

11.2

 

 

$

9.2

 

Aviation(2)

 

 

2.9

 

 

 

2.4

 

 

 

8.8

 

 

 

7.4

 

Other

 

 

2.3

 

 

 

1.4

 

 

 

6.2

 

 

 

3.9

 

Total depreciation and amortization

 

$

9.0

 

 

$

7.2

 

 

$

26.2

 

 

$

20.5

 
(1)
Included depreciation and amortization expenses related to cost of services activities of $2.0 million and $2.1 million during the three months ended September 30, 2023 and 2022, respectively, and $6.1 million and $5.5 million during the nine months ended September 30, 2023 and 2022, respectively.
(2)
Included depreciation and amortization expenses related to cost of service activities of $1.4 million and $1.3 million during the three months ended September 30, 2023 and 2022, respectively, and $4.2 million and $3.5 million during the nine months ended September 30, 2023 and 2022, respectively.