Segment and Geographic Information

12 Months Ended

Dec. 31, 2023

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 (“CODM”) in deciding how to allocate resources and in assessing performance. The CODM is the Chief Executive Officer of the Company. Based on the way the CODM allocates resources and assess performance, the Company has concluded that it has two operating and reporting 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,
	2023		2022		2021
Revenue:
Array Legacy Operations	$	1,172,827	$	1,267,883	$	853,318
STI Operations	403,724		369,663		—
Total	$	1,576,551	$	1,637,546	$	853,318
Gross Profit:
Array Legacy Operations	$	317,605	$	153,612	$	68,301
STI Operations	97,946		59,106		—
Total	$	415,551	$	212,718	$	68,301

The total assets of the Array Legacy Operations segment are $1,437.6 million or approximately 84% of total consolidated assets. The total assets of the STI Operations segment are $269.1 million or approximately 16% of total consolidated assets.

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

	Year Ended December 31,
	2023		2022		2021
U.S.	$	1,166,160	$	1,286,064	$	826,639
Spain	99,160		129,292		7,281
Brazil	257,872		144,464		—
Australia	20,842		9,429		5,509
Remainder	32,517		68,297		13,889
Total revenue	$	1,576,551	$	1,637,546	$	853,318

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

	December 31,
	2023		2022
U.S.	$	22,731	$	17,789
Spain	3,457		2,676
Brazil	3,549		1,676
Australia	554		1
Remainder	1,595		1,032
Total property, plant and equipment, net	$	31,886	$	23,174