XML 51 R33.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2024
SEGMENT INFORMATION [ABSTRACT]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present certain financial data by segment (in thousands). The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

For the Year Ended December 31, 2024

TTEC Engage

TTEC Digital

Total

Revenue

$

1,748,569

$

459,018

$

2,207,587

Cost of services (exclusive of depreciation and amortization presented separately below) (1)

1,423,747

312,118

1,735,865

Selling, general and administrative

201,718

91,324

293,042

Depreciation and amortization

70,075

27,880

97,955

Other segment items(2)

250,240

4,005

254,245

Income from operations

(197,211)

23,691

(173,520)

Interest income

2,732

Interest expense

(84,315)

Other income (expense), net

18,586

Income before income taxes

(236,517)

For the year ended December 31, 2023

TTEC Engage

TTEC Digital

Total

Revenue

$

1,975,935

$

486,882

$

2,462,817

Cost of services (exclusive of depreciation and amortization presented separately below) (1)

1,598,907

333,970

1,932,877

Selling, general and administrative

201,634

89,239

290,873

Depreciation and amortization

74,040

27,232

101,272

Other segment items(2)

13,179

6,595

19,774

Income from operations

88,175

29,846

118,021

Interest income

5,150

Interest expense

(78,321)

Other income (expense), net

(4,126)

Income before income taxes

40,724

For the Year Ended December 31, 2022

TTEC Engage

TTEC Digital

Total

Revenue

$

1,980,037

$

463,670

$

2,443,707

Cost of services (exclusive of depreciation and amortization presented separately below) (1)

1,552,063

304,455

1,856,518

Selling, general and administrative

196,493

90,940

287,433

Depreciation and amortization

79,470

32,321

111,791

Other segment items(2)

18,363

1,059

19,422

Income from operations

133,648

34,895

168,543

Interest income

1,811

Interest expense

(36,067)

Other income (expense), net

10,161

Income before income taxes

144,448

(1) Cost of services primarily includes employee related and technology costs.

(2) Other segment items include impairment losses and restructuring charges.

For the Year Ended December 31,

 

 

    

2024

    

2023

    

2022

 

Capital Expenditures

TTEC Digital

$

8,245

$

8,232

$

9,155

TTEC Engage

 

36,928

 

59,607

 

74,857

Total

$

45,173

$

67,839

$

84,012

December 31,

2024

    

2023

2022

Total Assets

TTEC Digital

$

776,099

 

$

815,488

$

811,258

TTEC Engage

 

977,281

 

1,370,110

 

1,342,704

Total

$

1,753,380

 

$

2,185,598

$

2,153,962

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

The following tables present certain financial data based upon the geographic location where the services are provided (in thousands).

As of and for the

 

Year Ended December 31,

 

    

2024

    

2023

    

2022

 

Revenue

United States / Canada

$

1,497,887

$

1,710,716

$

1,738,053

Philippines / Asia Pacific / India

 

419,856

 

477,455

 

457,526

Europe / Middle East / Africa

 

174,155

 

142,665

 

131,575

Latin America

 

115,689

 

131,981

 

116,553

Total

$

2,207,587

$

2,462,817

$

2,443,707

Property, plant and equipment, gross

United States / Canada

$

427,631

$

506,092

$

631,459

Philippines / Asia Pacific / India

 

150,567

 

170,403

 

162,857

Europe / Middle East / Africa

 

39,952

 

30,290

 

21,435

Latin America

 

43,967

 

45,731

 

41,892

Total

$

662,117

$

752,516

$

857,643

Other long-term assets

United States / Canada

$

89,849

$

90,810

$

56,372

Philippines / Asia Pacific / India

 

9,298

 

7,752

 

8,826

Europe / Middle East / Africa

 

1,559

 

2,021

 

1,306

Latin America

 

780

 

990

 

1,230

Total

$

101,486

$

101,573

$

67,734