Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Company's Segment Results

The Company’s segment results are as follows for the three and six month periods ended June 30 (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Revenues, net:
Fleet	$	377,361	$	333,091	$	728,954	$	628,064
Corporate Payments	189,699		140,388		373,467		256,782
Lodging	116,900		62,248		211,476		121,284
Brazil	111,825		85,669		214,362		167,593
Other	65,493		45,985		122,260		102,281
	$	861,278	$	667,381	$	1,650,519	$	1,276,004
Operating income:
Fleet	$	186,790	$	172,588	$	354,635	$	319,619
Corporate Payments	65,859		48,611		124,066		93,014
Lodging	58,559		29,901		98,339		54,774
Brazil	41,617		33,331		78,945		65,556
Other	17,655		13,181		32,216		30,614
	$	370,480	$	297,612	$	688,201	$	563,577
Depreciation and amortization:
Fleet	$	34,927	$	36,384	$	69,634	$	73,039
Corporate Payments	16,724		12,320		33,072		21,553
Lodging	10,321		5,229		20,855		10,384
Brazil	14,288		12,894		27,409		25,181
Other	2,214		2,391		4,306		4,790
	$	78,474	$	69,218	$	155,276	$	134,947

The Company’s segment results are as follows for the quarterly periods in 2021 and 2020, as well as the first quarter of 2022 (in thousands):

	Quarter Ended March 31, 2022		Fiscal Quarters Year Ended December 31, 2021
(in thousands)	First		First		Second		Third		Fourth
Revenues, net:
Fleet	$	351,592	$	294,973	$	333,091	$	343,194	$	348,883
Corporate Payments	183,769		116,394		140,388		168,684		174,525
Lodging	94,576		59,036		62,248		85,214		103,121
Brazil	102,538		81,923		85,669		94,888		105,600
Other	56,766		56,297		45,985		63,497		70,126
	$	789,241	$	608,623	$	667,381	$	755,477	$	802,255
Operating income:
Fleet	$	167,845	$	147,031	$	172,588	$	181,787	$	168,859
Corporate Payments	58,207		44,403		48,611		53,512		51,056
Lodging	39,779		24,873		29,901		44,027		50,172
Brazil	37,328		32,225		33,331		39,943		48,766
Other	14,562		17,433		13,181		19,418		21,439
	$	317,721	$	265,965	$	297,612	$	338,687	$	340,292
Depreciation and amortization:
Fleet	$	34,706	$	36,655	$	36,384	$	36,378	$	35,557
Corporate Payments	16,349		9,233		12,320		15,526		16,579
Lodging	10,534		5,155		5,229		7,301		8,793
Brazil	13,121		12,287		12,894		12,910		11,929
Other	2,092		2,399		2,391		2,122		2,155
	$	76,802	$	65,729	$	69,218	$	74,237	$	75,013

	Fiscal Quarters Year Ended December 31, 2020
(in thousands)	First		Second		Third		Fourth
Revenues, net:
Fleet	$	327,062	$	277,707	$	293,388	$	294,314
Corporate Payments	119,934		92,556		106,504		114,958
Lodging	56,995		40,618		52,857		56,567
Brazil	98,978		75,148		79,596		90,526
Other	58,124		39,117		52,938		60,968
	$	661,093	$	525,146	$	585,283	$	617,333
Operating income:
Fleet	$	155,288	$	134,794	$	145,670	$	158,989
Corporate Payments	(39,857)		28,247		40,892		46,995
Lodging	27,484		11,812		26,165		25,427
Brazil	39,438		29,420		35,600		43,593
Other	18,630		8,538		16,205		18,935
	$	200,983	$	212,811	$	264,532	$	293,939
Depreciation and amortization:
Fleet	$	35,559	$	35,600	$	35,683	$	35,389
Corporate Payments	8,626		8,583		8,723		8,966
Lodging	3,449		3,618		4,462		5,367
Brazil	14,589		12,169		12,260		12,345
Other	2,253		2,192		2,351		2,618
	$	64,476	$	62,162	$	63,479	$	64,685

The Company’s segment results are as follows for the years ended December 31, 2021, 2020 and 2019 (in thousands):

Year ended December 31, (in thousands)	2021		2020		2019
Revenues, net:
Fleet	$	1,320,141	$	1,192,471	$	1,311,922
Corporate Payments	599,991		433,952		509,723
Lodging	309,619		207,037		212,597
Brazil	368,080		344,248		427,921
Other	235,905		211,147		186,685
	$	2,833,736	$	2,388,855	$	2,648,848
Operating income:
Fleet	$	670,265	$	594,741	$	660,958
Corporate Payments	197,582		76,277		219,453
Lodging	148,973		90,888		121,899
Brazil	154,265		148,051		175,429
Other	71,471		62,308		53,691
	$	1,242,556	$	972,265	$	1,231,430
Depreciation and amortization:
Fleet	$	144,974	$	142,231	$	157,938
Corporate Payments	53,658		34,898		34,469
Lodging	26,478		16,896		11,356
Brazil	50,020		51,363		64,936
Other	9,067		9,414		5,511
	$	284,197	$	254,802	$	274,210
Capital expenditures:
Fleet	$	62,620	$	41,765	$	41,234
Corporate Payments	13,696		9,757		8,645
Lodging	4,604		3,586		1,909
Brazil	24,431		17,116		18,330
Other	6,179		6,201		5,052
	$	111,530	$	78,425	$	75,170

	Years Ended December 31,
	2021		2020
Long-lived assets (excluding goodwill, intangibles, investments and other)
Fleet	$	121,076	$	104,337
Corporate Payments	34,974		28,393
Lodging	12,592		11,885
Brazil	53,236		47,994
Other	14,416		9,900
	$	236,294	$	202,509