Schedule of Company's Segment Results |
The Company’s segment results are as follows for the three and nine month periods ended September 30, 2023 and 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 20231 | | 2022 | | 20231 | | 2022 | Revenues, net: | | | | | | | | | Fleet | | $ | 365,502 | | | $ | 395,203 | | | $ | 1,120,823 | | | $ | 1,124,157 | | Corporate Payments | | 258,800 | | | 196,941 | | | 732,958 | | | 570,408 | | Lodging | | 141,389 | | | 125,961 | | | 400,287 | | | 337,438 | | Brazil | | 134,172 | | | 108,583 | | | 381,998 | | | 322,945 | | Other2 | | 71,029 | | | 66,312 | | | 184,333 | | | 188,571 | | | | $ | 970,892 | | | $ | 893,000 | | | $ | 2,820,399 | | | $ | 2,543,519 | | Operating income: | | | | | | | | | Fleet | | $ | 186,614 | | | $ | 192,598 | | | $ | 547,637 | | | $ | 547,233 | | Corporate Payments | | 102,143 | | | 69,669 | | | 265,100 | | | 193,735 | | Lodging | | 74,023 | | | 63,463 | | | 196,832 | | | 161,802 | | Brazil | | 61,054 | | | 44,646 | | | 168,673 | | | 123,591 | | Other2 | | 21,143 | | | 18,794 | | | 54,580 | | | 51,010 | | | | $ | 444,977 | | | $ | 389,170 | | | $ | 1,232,822 | | | $ | 1,077,371 | | Depreciation and amortization: | | | | | | | | | Fleet | | $ | 34,219 | | | $ | 34,897 | | | $ | 104,147 | | | $ | 104,531 | | Corporate Payments | | 21,114 | | | 15,864 | | | 61,458 | | | 48,936 | | Lodging | | 12,189 | | | 10,474 | | | 35,247 | | | 31,329 | | Brazil | | 14,989 | | | 13,756 | | | 45,065 | | | 41,164 | | Other2 | | 2,239 | | | 2,222 | | | 6,741 | | | 6,529 | | | | $ | 84,750 | | | $ | 77,213 | | | $ | 252,658 | | | $ | 232,489 | |
1Results from Global Reach Group acquired in the first quarter of 2023 are reported in the Corporate Payments segment from the date of acquisition. Results from Mina Digital Limited, Business Gateway AG and PayByPhone acquired during 2023 are reported in the Fleet segment, from the date of acquisition. 2Other includes Gift and Payroll Card operating segments.
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