Segment Information

3 Months Ended

Mar. 31, 2014

Segment Information [Abstract]

Segment Information

(2) Segment Information

Orbital's products and services are grouped into three reportable business segments:  launch vehicles, satellites and space systems and advanced space programs.  Reportable segments are generally organized based upon product lines.  Corporate office transactions that have not been attributed to a particular segment, as well as consolidating eliminations and adjustments, are reported in corporate and other.  The primary products and services from which the company's reportable segments derive revenues are:

• Launch Vehicles - Rockets that are used as small- and medium-class space launch vehicles that place satellites into Earth orbit and escape trajectories, interceptor and target vehicles for missile defense systems and suborbital launch vehicles that place payloads into a variety of high-altitude trajectories.

• Satellites and Space Systems - Small- and medium-class satellites that are used to enable global and regional communications and broadcasting, conduct space-related scientific research, collect imagery and other remotely-sensed data about the Earth, carry out interplanetary and other deep-space exploration missions and demonstrate new space technologies.

• Advanced Space Programs - Human-rated space systems for Earth-orbit and deep-space exploration, and small- and medium-class satellites used for national security space programs and to demonstrate new space technologies, and advanced flight systems for atmospheric and space missions.

Intersegment sales are generally negotiated and accounted for under terms and conditions that are similar to other commercial and government contracts.  Substantially all of the company's assets and operations are located within the United States.

The following table presents operating information and identifiable assets by reportable segment (in thousands):

	Quarters Ended March 31,
	2014			2013
Launch Vehicles:
Revenues	$	137,241		$	134,292
Operating income		11,739			12,033
Identifiable assets		198,110			195,294	(2)
Capital expenditures		3,135			1,697
Depreciation and amortization		4,389			4,259
Satellites and Space Systems:
Revenues	$	82,790		$	100,783
Operating income		3,298			10,838
Identifiable assets		273,323			288,343	(2)
Capital expenditures		4,070			5,036
Depreciation and amortization		2,031			2,158
Advanced Space Programs:
Revenues	$	107,313		$	113,259
Operating income		7,946			8,236
Identifiable assets		324,531			448,015	(2)
Capital expenditures		578			1,451
Depreciation and amortization		2,461			1,856
Corporate and Other:
Revenues(1)	$	(4,059	)	$	(13,521	)
Operating loss		0			0
Identifiable assets		437,867			353,109	(2)
Capital expenditures		660			213
Depreciation and amortization		1,590			1,551
Consolidated:
Revenues	$	323,285		$	334,813
Operating income		22,983			31,107
Identifiable assets		1,233,831			1,284,761	(2)
Capital expenditures		8,443			8,397
Depreciation and amortization		10,471			9,824

(1) Corporate and other revenues are comprised solely of the elimination of intersegment revenues summarized as follows (in millions):

	Quarters Ended March 31,
	2014		2013
Launch Vehicles	$	3.0	$	11.7
Satellites and Space Systems		0.9		1.4
Advanced Space Programs		0.2		0.4
Total intersegment revenues	$	4.1	$	13.5

(2) As of December 31, 2013.