SEGMENT AND GEOGRAPHIC INFORMATION |
SEGMENT AND GEOGRAPHIC INFORMATIONThe Company’s three reportable segments are Research Models and Services (RMS), Discovery and Safety Assessment (DSA), and Manufacturing Solutions (Manufacturing). Asset information on a reportable segment basis is not disclosed as this information is not separately identified and internally reported to the Company’s Chief Operating Decision Maker. The following table presents revenue and other financial information by reportable segment: | | | | | | | | | | | | | | | | | | | 2022 | | 2021 | | 2020 | | (in thousands) | RMS | | | | | | Revenue | $ | 739,175 | | | $ | 690,437 | | | $ | 571,152 | | Operating income | 160,410 | | | 166,814 | | | 102,706 | | Depreciation and amortization | 49,274 | | | 39,123 | | | 37,080 | | Capital expenditures | 44,136 | | | 61,188 | | | 29,487 | | DSA | | | | | | Revenue | $ | 2,447,316 | | | $ | 2,107,231 | | | $ | 1,837,428 | | Operating income | 532,889 | | | 406,978 | | | 325,959 | | Depreciation and amortization | 179,465 | | | 177,254 | | | 168,922 | | Capital expenditures | 189,563 | | | 101,477 | | | 105,653 | | Manufacturing | | | | | | Revenue | $ | 789,569 | | | $ | 742,492 | | | $ | 515,353 | | Operating income | 167,084 | | | 246,390 | | | 181,494 | | Depreciation and amortization | 72,950 | | | 46,195 | | | 25,904 | | Capital expenditures | 87,084 | | | 58,877 | | | 26,287 | | Unallocated corporate | | | | | | Operating income (1) | $ | (209,408) | | | $ | (230,320) | | | $ | (177,430) | | Depreciation and amortization | 2,181 | | | 2,968 | | | 3,018 | | Capital expenditures | 3,950 | | | 7,230 | | | 5,133 | | Consolidated | | | | | | Revenue | $ | 3,976,060 | | | $ | 3,540,160 | | | $ | 2,923,933 | | Operating income | 650,975 | | | 589,862 | | | 432,729 | | Depreciation and amortization | 303,870 | | | 265,540 | | | 234,924 | | Capital expenditures | 324,733 | | | 228,772 | | | 166,560 | | | | | | | | (1) Operating income for unallocated corporate consists of costs associated with departments such as senior executives, corporate accounting, legal, tax, human resources, treasury, and investor relations. |
Revenue and long-lived assets by geographic area are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. | | Europe | | Canada | | Asia Pacific | | Other | | Consolidated | | (in thousands) | 2022 | | | | | | | | | | | | Revenue | $ | 2,342,158 | | | $ | 1,032,125 | | | $ | 398,982 | | | $ | 192,837 | | | $ | 9,958 | | | $ | 3,976,060 | | Long-lived assets | 896,235 | | | 349,361 | | | 135,300 | | | 82,778 | | | 1,981 | | | 1,465,655 | | 2021 | | | | | | | | | | | | Revenue | $ | 1,934,404 | | | $ | 1,036,465 | | | $ | 339,098 | | | $ | 222,902 | | | $ | 7,291 | | | $ | 3,540,160 | | Long-lived assets | 755,400 | | | 323,405 | | | 145,274 | | | 64,864 | | | 2,125 | | | 1,291,068 | | 2020 | | | | | | | | | | | | Revenue | $ | 1,627,149 | | | $ | 829,312 | | | $ | 306,259 | | | $ | 155,086 | | | $ | 6,127 | | | $ | 2,923,933 | | Long-lived assets | 627,871 | | | 286,229 | | | 145,410 | | | 62,931 | | | 1,917 | | | 1,124,358 | |
Included in the Other category above are operations located in Brazil and Israel. Revenue represents sales originating in entities physically located in the identified geographic area. Long-lived assets consist of property, plant, and equipment, net.
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