| Summary of selected financial information for each segment |
|
|
|
|
|
|
|
|
|
|
|
|
Year ended December 31, |
|
|
2021 |
|
2020 |
|
2019 |
Revenues |
|
|
|
|
|
|
|
|
|
Asset Management Solutions |
|
|
|
|
|
|
|
|
|
Aircraft |
|
$ |
87,461 |
|
$ |
53,639 |
|
$ |
98,736 |
Engine |
|
|
144,549 |
|
|
45,072 |
|
|
123,088 |
|
|
$ |
232,010 |
|
$ |
98,711 |
|
$ |
221,824 |
TechOps |
|
|
|
|
|
|
|
|
|
MRO services |
|
$ |
99,899 |
|
$ |
103,899 |
|
$ |
69,389 |
Product sales |
|
|
8,528 |
|
|
6,328 |
|
|
12,988 |
|
|
|
108,427 |
|
|
110,227 |
|
|
82,377 |
Total |
|
$ |
340,437 |
|
$ |
208,938 |
|
$ |
304,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2021 |
|
2020 |
|
2019 |
Gross profit |
|
|
|
|
|
|
|
|
|
Asset Management Solutions |
|
|
|
|
|
|
|
|
|
Aircraft |
|
$ |
30,157 |
|
$ |
11,914 |
|
$ |
27,592 |
Engine |
|
|
59,389 |
|
|
17,383 |
|
|
40,113 |
|
|
$ |
89,546 |
|
$ |
29,297 |
|
$ |
67,705 |
TechOps |
|
|
|
|
|
|
|
|
|
MRO services |
|
$ |
28,133 |
|
$ |
21,883 |
|
$ |
11,125 |
Product sales |
|
|
1,713 |
|
|
1,609 |
|
|
6,219 |
|
|
|
29,846 |
|
|
23,492 |
|
|
17,344 |
Total |
|
|
119,392 |
|
|
52,789 |
|
|
85,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
Total Assets |
|
|
|
|
|
|
Asset Management Solutions |
|
$ |
370,378 |
|
$ |
277,016 |
TechOps |
|
|
112,742 |
|
|
108,622 |
Corporate |
|
|
4,365 |
|
|
3,491 |
|
|
$ |
487,485 |
|
$ |
389,129 |
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
2019 |
|
|
|
|
|
|
|
|
|
|
Total Depreciation and Amortization Expense |
|
|
|
|
|
|
|
|
|
Asset Management Solutions |
|
$ |
10,163 |
|
$ |
21,210 |
|
$ |
28,579 |
TechOps |
|
|
2,506 |
|
|
2,600 |
|
|
1,301 |
Corporate |
|
|
329 |
|
|
413 |
|
|
201 |
|
|
$ |
12,998 |
|
$ |
24,223 |
|
$ |
30,081 |
Total Capital Expenditures |
|
|
|
|
|
|
|
|
|
Asset Management Solutions |
|
$ |
2,383 |
|
$ |
5,128 |
|
$ |
36,479 |
TechOps |
|
|
1,224 |
|
|
1,965 |
|
|
1,500 |
Corporate |
|
|
284 |
|
|
172 |
|
|
149 |
|
|
$ |
3,891 |
|
$ |
7,265 |
|
$ |
38,128 |
|
| Summary of reconciliation segment gross profit to net income, continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2021 |
|
2020 |
|
2019 |
Segment gross profit |
|
$ |
119,392 |
|
$ |
52,789 |
|
$ |
85,049 |
Selling, general and administrative expenses |
|
|
(77,498) |
|
|
(55,635) |
|
|
(59,814) |
Payroll support program proceeds |
|
|
14,768 |
|
|
12,693 |
|
|
- |
Transaction costs |
|
|
- |
|
|
1,436 |
|
|
(3,177) |
Interest expense, net |
|
|
(980) |
|
|
(1,645) |
|
|
(3,006) |
Other income, net |
|
|
458 |
|
|
494 |
|
|
611 |
Unrealized loss on investment |
|
|
(5,421) |
|
|
- |
|
|
- |
Change in fair value of warrant liability |
|
|
(2,945) |
|
|
(388) |
|
|
- |
Income tax expense |
|
|
(11,659) |
|
|
(1,650) |
|
|
(4,164) |
Net income |
|
$ |
36,115 |
|
$ |
8,094 |
|
$ |
15,499 |
|
| Summary of revenues and long-lived assets based on the customers' geographic location |
|
|
|
|
|
|
|
|
|
|
Revenues |
|
2021 |
|
2020 |
|
2019 |
Domestic |
|
$ |
133,911 |
|
$ |
92,837 |
|
$ |
105,083 |
Foreign |
|
|
206,526 |
|
|
116,101 |
|
|
199,118 |
Total revenues |
|
$ |
340,437 |
|
$ |
208,938 |
|
$ |
304,201 |
|
|
|
|
|
|
|
Long-lived assets |
|
2021 |
|
2020 |
Domestic |
|
$ |
102,452 |
|
$ |
108,796 |
Foreign |
|
|
24,360 |
|
|
34,111 |
Total long-lived assets |
|
$ |
126,812 |
|
$ |
142,907 |
|