XML 59 R45.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Information by Regions

Revenue, cost of services, general and administrative expenses, depreciation and amortization, impairment of goodwill and intangible assets and operating income (loss) by operating segment for the years ended December 31, 2021, 2020 and 2019 were as follows:

 

 

 

Year Ended December 31,

(millions)

 

2021

 

 

 

 

2020

 

 

 

 

2019

 

 

 

Services revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

$

206.5

 

 

 

 

$

180.8

 

 

 

 

$

378.2

 

 

 

Management type contracts

 

 

232.5

 

 

 

 

 

218.1

 

 

 

 

 

273.0

 

 

 

Total Commercial

 

 

439.0

 

 

 

 

 

398.9

 

 

 

 

 

651.2

 

 

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

 

9.1

 

 

 

 

 

8.6

 

 

 

 

 

30.7

 

 

 

Management type contracts

 

 

153.4

 

 

 

 

 

141.5

 

 

 

 

 

253.0

 

 

 

Total Aviation

 

 

162.5

 

 

 

 

 

150.1

 

 

 

 

 

283.7

 

 

 

Reimbursed management type contract revenue

 

 

575.7

 

 

 

 

 

537.9

 

 

 

 

 

728.8

 

 

 

Total services revenue

 

$

1,177.2

 

 

 

 

$

1,086.9

 

 

 

 

$

1,663.7

 

 

 

Cost of services (exclusive of depreciation and amortization)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

$

165.4

 

 

 

 

$

187.7

 

 

 

 

$

345.1

 

 

 

Management type contracts

 

 

132.3

 

 

 

 

 

128.8

 

 

 

 

 

159.6

 

 

 

Lease impairment

 

 

3.5

 

 

 

 

 

97.1

 

 

 

 

 

 

 

 

Total Commercial

 

 

301.2

 

 

 

 

 

413.6

 

 

 

 

 

504.7

 

 

 

Aviation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease type contracts

 

 

5.2

 

 

 

 

 

7.3

 

 

 

 

 

21.8

 

 

 

Management type contracts

 

 

115.2

 

 

 

 

 

97.7

 

 

 

 

 

180.3

 

 

 

Lease impairment

 

 

0.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Aviation

 

 

120.5

 

 

 

 

 

105.0

 

 

 

 

 

202.1

 

 

 

Reimbursed management type contract expense

 

 

575.7

 

 

 

 

 

537.9

 

 

 

 

 

728.8

 

 

 

Total cost of services (exclusive of depreciation and amortization)

 

$

997.4

 

 

 

 

$

1,056.5

 

 

 

 

$

1,435.6

 

 

 

General and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

21.4

 

 

 

 

$

18.6

 

 

 

 

$

31.9

 

 

 

Aviation

 

 

11.8

 

 

 

 

 

12.0

 

 

 

 

 

18.3

 

 

 

Other

 

 

55.0

 

 

 

 

 

54.8

 

 

 

 

 

58.8

 

 

 

Total general and administrative expenses

 

$

88.2

 

 

 

 

$

85.4

 

 

 

 

$

109.0

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial(1)

 

$

13.5

 

 

 

 

$

13.5

 

 

 

 

$

12.4

 

 

 

Aviation(2)

 

 

8.4

 

 

 

 

 

12.7

 

 

 

 

 

14.0

 

 

 

Other

 

 

3.2

 

 

 

 

 

3.1

 

 

 

 

 

3.0

 

 

 

Total depreciation and amortization

 

$

25.1

 

 

 

 

$

29.3

 

 

 

 

$

29.4

 

 

 

Impairment of goodwill and intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aviation

 

 

 

 

 

 

 

135.3

 

 

 

 

 

 

 

 

Total impairment of goodwill and intangible assets

 

$

 

 

 

 

$

135.3

 

 

 

 

$

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$

102.9

 

 

 

 

$

(46.8

)

 

 

 

$

102.2

 

 

 

Aviation

 

 

21.8

 

 

 

 

 

(114.9

)

 

 

 

 

49.3

 

 

 

Other

 

 

(58.2

)

 

 

 

 

(57.9

)

 

 

 

 

(61.8

)

 

 

Total operating income (loss)

 

$

66.5

 

 

 

 

$

(219.6

)

 

 

 

$

89.7

 

 

 

 

(1)

Includes depreciation and amortization expenses related to cost of services activities of $7.9 million, $7.6 million and $6.6 million during the years ended December 31, 2021, 2020 and 2019, respectively.

 

(2)

Includes depreciation and amortization expenses related to cost of services activities of $4.6 million, $4.1 million and $3.0 million during the years ended December 31, 2021, 2020, and 2019 respectively.