Business Segments, Geographic Information, and Major Customers (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of revenue, gross profit, income from operations, depreciation and amortization and capital expenditures by segment

Information concerning our revenue, gross profit and income from operations by segment is as follows (in millions):


	For the Year Ended December 31,
	2022		2021		2020
Revenue:
Aviation segment	$	26,799.9	$	12,824.3	$	8,179.6
Land segment	19,283.7		10,426.8		6,663.1
Marine segment	12,959.6		8,085.8		5,515.7
Total revenue	$	59,043.1	$	31,337.0	$	20,358.3
Income from operations:(1)
Aviation segment	$	99.5	$	163.4	$	84.5
Land segment	125.6		44.6		72.6
Marine segment	155.5		20.7		58.5
Corporate overhead - unallocated	(107.4)		(86.1)		(77.8)
Total income from operations	$	273.2	$	142.6	$	137.9
Depreciation and amortization:
Aviation segment	$	32.8	$	32.7	$	31.5
Land segment	65.1		39.0		45.3
Marine segment	3.3		3.5		3.8
Corporate segment	6.5		5.8		5.2
Total depreciation and amortization	$	107.8	$	81.0	$	85.8
Capital expenditures:
Aviation segment	$	25.9	$	18.8	$	17.6
Land segment	38.1		17.4		12.5
Marine segment	4.8		2.7		0.8
Corporate	9.9		0.1		20.4
Total capital expenditures	$	78.6	$	39.2	$	51.3

(1)Includes asset impairment and restructuring charges as discussed in Note 15. Restructuring.

Schedule of accounts receivable, net and total assets by segment

Information concerning our accounts receivable, net, and total assets by segment is as follows (in millions):


	As of December 31,
	2022		2021
Accounts receivable, net:
Aviation segment, net of allowance for credit losses of $4.9 and $18.4 as of December 31, 2022 and 2021, respectively	$	1,452.4	$	972.9
Land segment, net of allowance for credit losses of $5.8 and $3.8 as of December 31, 2022 and 2021, respectively	1,141.9		664.7
Marine segment, net of allowance for credit losses of $3.4 and $3.9 as of December 31, 2022 and 2021, respectively	699.8		717.7
Total accounts receivable, net	$	3,294.1	$	2,355.3
Total assets:
Aviation segment	$	3,036.2	$	2,305.6
Land segment	3,710.1		2,106.1
Marine segment	1,007.4		1,022.7
Corporate	410.8		507.9
Total assets	$	8,164.6	$	5,942.4

Schedule of revenue, income from operations, non-current assets and total assets by geographic segment

Information concerning our revenue and property and equipment, net, as segregated between the Americas, EMEA (Europe, Middle East and Africa) and the Asia Pacific regions, is presented as follows, based on the country of incorporation of the relevant subsidiary (in millions):


	For the Year Ended December 31,
	2022		2021		2020
Revenue:
United States	$	32,901.7	$	16,696.2	$	10,365.2
EMEA (1)	12,396.1		6,735.7		4,961.0
Asia Pacific (2)	7,076.6		4,620.0		3,035.6
Americas, excluding United States	6,668.6		3,285.1		1,996.6
Total (3)	$	59,043.1	$	31,337.0	$	20,358.3


	As of December 31,
	2022		2021
Property and equipment, net:
United States	$	323.7	$	183.9
EMEA	138.1		145.7
Asia Pacific	9.9		8.3
Americas, excluding United States	12.6		11.1
Total	$	484.2	$	348.9

(1)Includes revenue related to the U.K. of $6.7 billion, $4.2 billion and $3.1 billion for 2022, 2021 and 2020, respectively.

(2)Includes revenue related to Singapore of $7.2 billion, $4.6 billion and $3.0 billion for 2022, 2021 and 2020, respectively.

(3)Geographic revenue information in this table includes impacts from derivatives and hedging activities, which are excluded from that geographic revenue information presented at Note 9. Revenue from Contracts with Customers.