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Segment and Revenue Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Revenue Information SEGMENT AND REVENUE INFORMATION
The Company operates in two reportable segments. 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 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):
 Year Ended December 31
 202220212020
Total revenues:
CAM$434,686 $370,287 $308,661 
ACMI Services1,404,348 1,185,128 1,147,279 
All other430,326 375,571 334,300 
Eliminate inter-segment revenues(223,891)(196,704)(219,665)
Total$2,045,469 $1,734,282 $1,570,575 
Customer revenues:
CAM$317,167 $273,288 $205,047 
ACMI Services1,404,254 1,185,113 1,147,252 
All other324,048 275,881 218,276 
Total$2,045,469 $1,734,282 $1,570,575 
The Company's external customer revenues from other activities for the years ending December 31, 2022, 2021 and 2020 are presented below (in thousands):
Year Ended December 31,
202220212020
Aircraft maintenance, modifications and part sales$145,998 $127,378 $114,425 
Ground services107,080 99,133 73,949 
Other, including aviation fuel sales70,970 49,370 29,902 
Total customer revenues$324,048 $275,881 $218,276 
The Company recognized $4.7 million of non-lease revenue that was reported in deferred revenue at the beginning of the year, compared to $3.0 million in 2021. Current deferred revenue of $17.0 million and $8.3 million as of December 31, 2022 and 2021, respectively, for contracts with customers is derived from other activities as described above. 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 as of December 31, 2022 compared to $0.8 million as of December 31, 2021. Cash will be collected over the term of the multi-year agreement based on number cycles per period while revenue is recognized as parts are provided for engine maintenance services. This may result in a contract asset or liability based on the timing of engine maintenance services.
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 December 31, 2022, minimum future payments from external customers for leased aircraft and equipment were scheduled to be $276.1 million, $220.5 million, $197.5 million, $171.7 million and $139.5 million, respectively, for the next 5 years ending December 31, 2027 and $253.1 million thereafter. CAM's external customer revenues for non-lease activities were $35.1 million and $18.6 million during 2022 and 2021 respectively for engine services and the sale of spare engine parts. ACMI Services external
customer revenues included approximately $10.1 million, $13.2 million and $13.2 million for the years ended December 31, 2022, 2021 and 2020, respectively, for the rental income of specific aircraft included in the consideration paid by customers under certain contracts.
The Company had revenues of approximately $839.0 million, $701.9 million and $699.2 million for 2022, 2021 and 2020, respectively, derived primarily from aircraft leases in foreign countries, routes with flights departing from or arriving in foreign countries or aircraft maintenance and modification services performed in foreign countries. All revenues from the CMI agreement with DHL and the ATSA agreement with ASI are attributed to U.S. operations. As of December 31, 2022 and 2021, the Company had 25 and 21 aircraft, respectively, deployed outside of the United States.
The Company's other segment information from continuing operations is presented below (in thousands):
 Year Ended December 31,
 202220212020
Depreciation and amortization expense:
CAM$231,663 $203,675 $172,003 
ACMI Services96,996 101,541 101,748 
All other2,405 3,232 4,316 
Total$331,064 $308,448 $278,067 
Interest expense
CAM30,880 38,160 39,304 
ACMI Services13,818 18,066 20,542 
Segment earnings (loss):
CAM$143,008 $106,161 $77,424 
ACMI Services95,198 158,733 114,128 
     All other2,579 112 (5,933)
Net unallocated interest expense(1,748)(2,525)(2,825)
Impairment of aircraft and related assets— — (39,075)
Net gain (loss) on financial instruments9,022 29,979 (100,771)
Debt issuance costs— (6,505)— 
Other non-service components of retiree benefit costs, net20,046 17,827 12,032 
Loss from non-consolidated affiliate(7,607)(2,577)(13,587)
Pre-tax earnings from continuing operations$260,498 $301,205 $41,393 
The Company's assets are presented below by segment (in thousands). Cash and cash equivalents are reflected in Assets - All other.
December 31
 202220212020
Assets:
CAM$2,510,559 $2,218,012 $2,037,628 
ACMI Services921,522 872,311 811,516 
All other157,812 177,012 152,601 
Total$3,589,893 $3,267,335 $3,001,745 
During 2022, the Company had capital expenditures for property and equipment of $83.7 million and $514.3 million for the ACMI Services and CAM, respectively.