CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Financial Data for Reportable Operating Segments

2.Financial data relating to reportable operating segments:

	Year ended December 31, 2020
	Fixed Networks		Mobility Solutions			Terrestrial Infrastructure Projects			Unallocated			Total
Revenues	$	92,671	$	54,169		$	19,045		$	-		$	165,885
Cost of revenues		61,939		37,728			25,003			-			124,670
Gross profit (loss)		30,732		16,441			(5,958	)		-			41,215
Research and development, net		7,350		18,953			-			-			26,303
Selling and marketing		12,388		4,448			35			-			16,871
General and administrative		8,520		4,002			1,541			-			14,063
Merger, acquisition and related litigation income, net		-		-			-			(53,633	)		(53,633	)
Operating income (loss)		2,474		(10,962	)		(7,534	)		53,633			37,611
Financial expenses, net													1,907
Income before taxes													35,704
Taxes on income													793
Net income												$	34,911
Depreciation and amortization expenses	$	5,953	$	4,259		$	79		$	-		$	10,291

F - 53

GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

U.S. dollars in thousands

NOTE 15:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.)

	Year ended December 31, 2019
	Fixed Networks		Mobility Solutions		Terrestrial Infrastructure Projects				Unallocated		Total
Revenues	$	127,265	$	104,665	$	31,562		$	-		$	263,492
Cost of revenues		80,038		53,263		34,314			-			167,615
Gross profit (loss)		47,227		51,402		(2,752	)		-			95,877
Research and development, net		10,919		19,265		-			-			30,184
Selling and marketing		14,955		6,485		48			-			21,488
General and administrative		11,279		5,914		1,322			-			18,515
Merger, acquisition and related litigation expenses, net		-		-		-			118			118
Operating income (loss)		10,074		19,738		(4,122	)		(118	)		25,572
Financial expenses, net												2,617
Income before taxes												22,955
Taxes on income (benefit)												(13,583	)
Net income											$	36,538
Depreciation and amortization expenses	$	7,032	$	3,871	$	75		$	-		$	10,978

	Year ended December 31, 2018
	Fixed Networks		Mobility Solutions		Terrestrial Infrastructure Projects			Total
Revenues	$	144,208	$	97,180	$	25,003		$	266,391
Cost of revenues		93,745		47,995		30,614			172,354
Gross profit (loss)		50,463		49,185		(5,611	)		94,037
Research and development, net		11,764		21,259		-			33,023
Selling and marketing		16,106		6,421		179			22,706
General and administrative		11,302		4,436		1,286			17,024
Operating income (loss)		11,291		17,069		(7,076	)		21,284
Financial expenses, net									4,298
Income before taxes									16,986
Taxes on income (benefit)									(1,423	)
Net income								$	18,409
Depreciation and amortization expenses	$	6,811	$	6,128	$	210		$	13,149

Schedule of Revenues by Geographic Area

Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows:

	Year ended December 31,
	2020		2019		2018
Latin America	$	58,622	$	81,622	$	94,707
Asia Pacific		25,265		44,181		39,381
North America		59,819		107,520		97,122
Europe, the Middle East and Africa		22,179		30,169		35,181
	$	165,885	$	263,492	$	266,391

Schedule of Long-Lived Assets by Geographic Area

c.The Company's long-lived assets (property and equipment, net and operating lease right-of-use asset) are located as follows:

	December 31,
	2020		2019
Israel	$	59,554	$	62,897
Latin America		3,657		5,878
United States		8,737		7,820
Europe		8,593		9,500
Other		1,510		1,700
	$	82,051	$	87,795

Schedule of Revenues from Major Customers

d.The table below represents the revenues from major customers:

	Year ended December 31,
	2020			2019			2018
Customer A		20	%		16	%		10	%
Customer B		11	%		12	%		15	%
Customer C		*	)		11	%		*	)
Customer D		-			*	)		13	%

*)Less than 10%