Segment and Geographic Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

ASC 280 Segment Reporting establishes standards for reporting information about operating segments. Operating 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. Historically, the Company managed its business on the basis of one operating and reportable segment. During the year ended December 31, 2022, the Company changed its reportable segments as a result of the STI Acquisition; the Company now operates as two segments; Array Legacy Operations and STI Operations.

Segment revenue and gross profit were as follows during the periods presented (in thousands):

	Year Ended December 31,
	2022						2021		2020
	Array Legacy Operations		STI Operations		Total		Array Legacy Operations		Array Legacy Operations
Revenue	$	1,267,883	$	369,663	$	1,637,546	$	853,318	$	872,662
Gross Profit	$	168,170	$	59,106	$	227,276	$	82,859	$	202,801

The total assets of the Array Legacy segment are $843 million or approximately 49% of total consolidated assets. The total assets of the STI segment are $863 million or approximately 51% of total consolidated assets.

The following table presents revenues by geographic region, based on the customers project location (in thousands):        

	Year Ended December 31,
	2022		2021		2020
U.S.	$	1,286,064	$	826,639	$	805,070
Spain	129,292		7,281		181
Brazil	144,464		—		—
Australia	9,429		5,509		45,216
Rest of the world	68,297		13,889		22,195
Total revenue	$	1,637,546	$	853,318	$	872,662

The following table presents property, plant and equipment, net by geographic region at the end of the period (in thousands):

	December 31,
	2022		2021
U.S.	$	17,789	$	9,959
Spain	2,676		—
Brazil	1,676		—
Australia	1		—
Rest of the world	1,032		733
Total property, plant and equipment, net	$	23,174	$	10,692