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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information SEGMENT AND REVENUE INFORMATIONThe Company operates in two reportable segments - CAM and ACMI Services. The CAM segment consists of the Company's aircraft and engine leasing operations. The ACMI Services segment consists of the Company's airline operations, including CMI agreements as well as ACMI, charter service and passenger service agreements that the Company has with its customers. The Company's aircraft maintenance services, aircraft modification services, ground services and other support services, are not large enough to constitute separate reportable segments and are combined in "All other." Intersegment revenues are valued at arms-length market rates.
The Company's segment information from continuing operations is presented below (in thousands):
Three Months EndedSix Months Ended
 June 30,June 30,
 2022202120222021
Total revenues:
CAM$109,674 $88,594 $216,579 $171,871 
ACMI Services347,498 273,301 677,588 520,432 
All other107,879 97,236 210,414 190,934 
Eliminate inter-segment revenues(55,383)(49,259)(109,053)(97,277)
Total$509,668 $409,872 $995,528 $785,960 
Customer revenues:
CAM$80,800 $66,676 $157,491 $127,476 
ACMI Services347,477 273,295 677,562 520,422 
All other81,391 69,901 160,475 138,062 
Total$509,668 $409,872 $995,528 $785,960 
The Company's external customer revenues from other activities for the three and six month periods ending June 30, 2022 and 2021 are presented below (in thousands):
Three Months EndedSix Months Ended
June 30,June 30,
2022202120222022
Aircraft maintenance, modifications and part sales$34,622 $28,791 $72,161 $62,839 
Ground services26,970 29,022 52,071 52,482 
Other, including aviation fuel sales19,799 12,088 36,243 22,741 
Total customer revenues$81,391 $69,901 $160,475 $138,062 
During the three and six month periods ending June 30, 2022, the Company respectively recognized $3.3 million and $3.9 million of non lease revenue that was reported in deferred revenue at the beginning of the respective period, compared to $1.0 million and $2.7 million in the respective corresponding periods of 2021. Current deferred revenue of $11.1 million and $8.3 million as of June 30, 2022 and December 31, 2021, respectively, for contracts with customers is derived from other activities as described above and CAM non lease revenues. Revenue related to deferred revenue will be recognized based on percentage of completion. Customers are required to pay deposits and may be required to make milestone payments for these services resulting in deferred revenue. Long-term contract assets were $0.0 million and $0.8 million as of June 30, 2022 and December 31, 2021, respectively.
CAM's leases do not contain residual guarantees. Approximately 12% of CAM's leases to external customers contain purchase options at projected market values. As of June 30, 2022, minimum future payments from external customers for leased aircraft and equipment were scheduled to be $140.2 million for the remainder of 2022, $237.4 million, $187.4 million, $175.3 million and $157.2 million for the next 4 years ending December 31, 2026, respectively, and $361.9 million thereafter. CAM's external customer revenues for non-lease activities were $7.4 million and $17.3 million for the three and six month periods ending June 30, 2022, respectively, compared to $4.6 million and $7.0 million during the respective corresponding periods of 2021 for engine services and the sale of spare engine parts.
The Company's other segment information from continuing operations is presented below (in thousands):
Three Months EndedSix Months Ended
 June 30,June 30,
 2022202120222021
Depreciation and amortization expense:
CAM$56,421 $50,012 $112,712 $97,007 
ACMI Services24,248 24,768 49,438 47,749 
All other703 853 1,293 1,928 
Total$81,372 $75,633 $163,443 $146,684 
Interest expense
CAM6,224 9,669 13,929 18,895 
ACMI Services2,648 4,473 6,026 8,996 
Segment earnings (loss):
CAM$39,617 $22,554 $74,612 $44,016 
ACMI Services21,837 44,762 44,002 66,021 
     All other191 3,161 1,742 3,550 
Net unallocated interest expense(574)(870)(881)(1,624)
Net gain (loss) on financial instruments6,011 35,703 8,707 45,175 
Debt issuance costs— (6,505)— (6,505)
Other non-service components of retiree benefit costs, net5,388 4,456 10,776 8,913 
Loss from non-consolidated affiliate(3,220)965 (4,623)(218)
Pre-tax earnings from continuing operations$69,250 $104,226 $134,335 $159,328 
The Company's assets are presented below by segment (in thousands). Cash and cash equivalents are reflected in Assets - All other.
June 30,December 31,
 20222021
Assets:
CAM$2,365,718 $2,218,012 
ACMI Services967,950 872,311 
All other125,882 177,012 
Total$3,459,550 $3,267,335 
During the first six months of 2022, the Company had capital expenditures for property and equipment of $47.6 million and $246.9 million for ACMI Services and CAM, respectively.