XML 33 R22.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Information
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATIONOperating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our chief executive officer. Our chief executive officer reviews financial information presented on a consolidated basis, accompanied by information about revenue by geographic region for purposes of allocating resources and evaluating financial performance. We have one business activity, and there are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. Accordingly, we have determined that we have one operating segment, and therefore, one reportable segment.
Revenue by geographic region is based on the billing address of our customers. The following tables set forth revenue and property and equipment—net by geographic region (in millions):
Three Months Ended
RevenueMarch 31,
2023
March 31,
2022
Americas:
United States$384.1 $285.8 
Other Americas139.4 96.8 
Total Americas523.5 382.6 
Europe, Middle East and Africa (“EMEA”)478.2 346.0 
Asia Pacific (“APAC”)260.6 226.2 
Total revenue$1,262.3 $954.8 

Property and Equipmentnet
March 31,
2023
December 31,
2022
Americas:
United States$660.4 $638.1 
Canada203.0 204.4 
Latin America1.0 1.1 
Total Americas864.4 843.6 
EMEA35.4 35.9 
APAC17.6 19.0 
Total property and equipment—net$917.4 $898.5 

The following distributors accounted for 10% or more of our revenue:
 Three Months Ended
March 31,
2023
March 31,
2022
Distributor A28 %29 %
Distributor B14 %13 %
Distributor C14 %14 %


The following distributors accounted for 10% or more of net accounts receivable:
March 31,
2023
December 31,
2022
Distributor A28 %32 %
Distributor B14 %12 %
Distributor C12 %13 %