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SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Revenues and Operating Earnings by Reportable Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

 

 

Commercial

 

Business

 

 

 

 

 

    

Aircraft

    

Jet

    

Consolidated

 

Revenues

 

$

2,098.3

 

$

631.3

    

$

2,729.6

 

Operating earnings(1)

 

 

367.5

 

 

84.8

 

 

452.3

 

Total assets(2)

 

 

2,120.5

 

 

1,020.4

 

 

3,140.9

 

Goodwill

 

 

372.6

 

 

440.6

 

 

813.2

 

Capital expenditures(3)

 

 

61.7

 

 

18.8

 

 

80.5

 

Depreciation and amortization(3)

 

 

63.1

 

 

22.2

 

 

85.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

 

Commercial

 

Business

 

 

 

 

    

Aircraft

    

Jet

    

Consolidated

Revenues

 

$

2,058.9

 

$

540.1

    

$

2,599.0

Operating earnings excluding KLX corporate allocations (1)

 

 

356.3

 

 

50.0

 

 

406.3

KLX corporate allocations

 

 

 

 

 

 

 

 

(22.3)

Operating earnings

 

 

 

 

 

 

 

 

384.0

Total assets(2)

 

 

2,129.5

 

 

1,043.6

 

 

3,173.1

Goodwill

 

 

379.8

 

 

460.6

 

 

840.4

Capital expenditures(3)

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

102.8

 

 

28.8

 

 

131.6

Discontinued operations

 

 

 

 

 

 

 

 

124.0

Total capital expenditures

 

 

 

 

 

 

 

 

255.6

Depreciation and amortization(3)

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

63.4

 

 

17.4

 

 

80.8

Discontinued operations

 

 

 

 

 

 

 

 

61.5

Total depreciation and amortization

 

 

 

 

 

 

 

 

142.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

 

Commercial

 

Business

 

 

 

 

    

Aircraft

    

Jet 

    

Consolidated

Revenues

 

$

1,784.7

 

$

418.6

    

$

2,203.3

Operating earnings excluding KLX corporate allocations (1)

 

 

320.3

 

 

69.0

 

 

389.3

KLX corporate allocations

 

 

 

 

 

 

 

 

(26.4)

Operating earnings

 

 

 

 

 

 

 

 

362.9

Total assets(2)

 

 

1,977.3

 

 

458.2

 

 

2,435.5

Goodwill

 

 

394.6

 

 

89.9

 

 

484.5

Capital expenditures(3)

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

96.5

 

 

17.8

 

 

114.3

Discontinued operations

 

 

 

 

 

 

 

 

40.6

Total capital expenditures

 

 

 

 

 

 

 

 

154.9

Depreciation and amortization(3)

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

50.4

 

 

9.4

 

 

59.8

Discontinued operations

 

 

 

 

 

 

 

 

29.8

Total depreciation and amortization

 

 

 

 

 

 

 

 

89.6

 


(1)

Operating earnings includes an allocation of corporate IT costs, employee benefits and general and administrative costs based on the proportion of each segment’s systems users, number of employees and sales, respectively.

 

(2)

Corporate assets (including cash and cash equivalents) of $322.2,  $324.9 and $674.5 at December 31, 2015, 2014 and 2013, respectively, have been allocated to the above segments in a manner consistent with our corporate expense allocations.

 

(3)

Corporate capital expenditures and depreciation and amortization have been allocated to the above segments in a manner consistent with our corporate expense allocations. 

 

Revenues and Operating Earnings Based on Originating Location

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

2015

    

2014

    

2013

 

Revenues:

    

 

    

    

 

    

    

 

    

 

Domestic

 

$

1,619.3

 

$

1,552.8

 

$

1,315.2

 

Foreign

 

 

1,110.3

 

 

1,046.2

 

 

888.1

 

 

 

$

2,729.6

 

$

2,599.0

 

$

2,203.3

 

 

 

 

 

 

 

 

 

 

 

 

Operating earnings:

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

177.6

 

$

147.2

 

$

169.0

 

Foreign

 

 

274.7

 

 

236.8

 

 

193.9

 

 

 

$

452.3

 

$

384.0

 

$

362.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

    

2015

    

2014

  

 

 

 

Identifiable assets:

 

 

 

 

 

 

 

 

 

 

Domestic

 

$

1,781.8

 

$

1,955.9

 

 

 

 

Foreign

 

 

1,359.1

 

 

1,217.2

 

 

 

 

 

 

$

3,140.9

 

$

3,173.1

 

 

 

 

 

Revenues by Geographic Area Based on Destination

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

% of

 

 

 

 

% of

 

 

 

 

% of

 

 

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

    

Revenues

 

U.S.

    

$

966.3

    

35.4

%  

$

859.1

    

33.1

%  

$

788.3

    

35.8

%  

Europe

 

 

663.5

 

24.3

%  

 

684.6

 

26.3

%  

 

549.3

 

24.9

%  

Asia, Pacific Rim, Middle East and other

 

 

1,099.8

 

40.3

%  

 

1,055.3

 

40.6

%  

 

865.7

 

39.3

%  

 

 

$

2,729.6

 

100.0

%  

$

2,599.0

 

100.0

%  

$

2,203.3

 

100.0

%