Segment Information

6 Months Ended

Feb. 29, 2020

SEGMENT INFORMATION

Operating segments are defined as components of an enterprise that have the following characteristics: (i) it engages in business activities from which it may earn revenue and incur expense, (ii) its operating results are regularly reviewed by the company's chief operating decision maker ("CODM") for resource allocation decisions and performance assessment, and (iii) its discrete financial information is available. The Company's Chief Executive Officer functions as the CODM.

The Company’s operating segments are aligned with how the Company, including its CODM, manages the business and the geographic markets in which it serves, with a primary focus on providing integrated global financial and economic information. The Company’s internal financial reporting structure is based on three segments: the Americas, EMEA and Asia Pacific. The primary workflow solutions within the Americas, EMEA and Asia Pacific segments are Research, Analytics and Trading, Content and Technology Solutions and Wealth. These workflow solutions provide global financial and economic information to investment managers, investment banks and other financial services professionals.

The Americas segment serves our clients throughout North, Central, and South America. The EMEA segment serves our clients in countries in Europe and Africa. The Asia Pacific segment serves our clients in countries in Asia and Australia. Segment revenue reflects direct sales to clients based in these respective geographic locations. Each segment records compensation expense (including stock-based compensation), amortization of intangible assets, depreciation of furniture and fixtures, amortization of leasehold improvements, communication costs, professional fees, rent expense, travel, office and other direct expenses.

Expenditures associated with the Company’s data centers, third-party data costs and corporate headquarters charges are recorded by the Americas segment and are not allocated to the other segments. The content collection centers, located in India, the Philippines, and Latvia, benefit all the Company’s operating segments, and thus the expenses incurred at these locations are allocated to each segment based on a percentage of revenue.

The following tables reflect the results of operations of the Company's segments:


(in thousands)
For the three months ended February 29, 2020	Americas		EMEA		Asia Pacific		Total
Revenue	$	232,731	$	102,105	$	34,944	$	369,780
Operating income	$	41,310	$	42,664	$	22,283	$	106,257
Capital expenditures	$	15,050	$	349	$	9,720	$	25,119

(in thousands)
For the three months ended February 28, 2019	Americas		EMEA		Asia Pacific		Total
Revenue	$	223,315	$	98,933	$	32,647	$	354,895
Operating income	$	45,696	$	43,248	$	19,744	$	108,688
Capital expenditures	$	7,254	$	434	$	4,269	$	11,957



(in thousands)
For the six months ended February 29, 2020	Americas		EMEA		Asia Pacific		Total
Revenue	$	464,061	$	202,935	$	69,442	$	736,438
Operating income	$	90,933	$	83,882	$	44,628	$	219,443
Capital expenditures	$	39,074	$	1,517	$	11,308	$	51,899

(in thousands)
For the six months ended February 28, 2019	Americas		EMEA		Asia Pacific		Total
Revenue	$	445,518	$	196,698	$	64,319	$	706,535
Operating income	$	89,537	$	82,337	$	37,353	$	209,227
Capital expenditures	$	11,358	$	1,697	$	8,427	$	21,482

The following table reflects the total assets for the Company's segments:


(in thousands)
Segment Assets	February 29, 2020		August 31, 2019
Americas	$	959,283	$	851,014
EMEA	683,298		588,911
Asia Pacific	185,991		120,205
Total assets	$	1,828,572	$	1,560,130