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Segments

12 Months Ended

Dec. 31, 2021

28. Segments

We manage our business segments primarily based on the type of product or service provided. We have two segments which we operate within the U.S.: contract operations and aftermarket services. The contract operations segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment provides a full range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets.

We evaluate the performance of our segments based on gross margin for each segment. Revenue includes only sales to external customers. No single customer accounted for 10% or more of our revenue during the years ended December 31, 2021, 2020 and 2019.


		Contract			Aftermarket
(in thousands)		Operations			Services			Other ⁽¹⁾			Total
2021
Revenue		$	648,311		$	133,150		$	—		$	781,461
Gross margin			403,825			18,719			—			422,544
Capital expenditures			94,863			2,675			347			97,885

2020
Revenue		$	738,918		$	136,052		$	—		$	874,970
Gross margin			477,831			19,946			—			497,777
Capital expenditures			133,492			5,308			1,502			140,302

2019
Revenue		$	771,539		$	193,946		$	—		$	965,485
Gross margin			474,279			34,968			—			509,247
Capital expenditures			374,650			8,714			1,834			385,198

(1)	Corporate-related items.

The following table presents assets by segment reconciled to total assets per the consolidated balance sheets:


		December 31,
(in thousands)		2021			2020
Contract operations assets		$	2,429,805		$	2,593,864
Aftermarket services assets			49,420			45,985
Segment assets			2,479,225			2,639,849
Other assets ⁽¹⁾			100,930			128,837
Assets associated with discontinued operations			9,811			11,036
Total assets		$	2,589,966		$	2,779,722

(1)	Corporate-related items.

The following table reconciles total gross margin to income (loss) before income taxes:


		Year Ended December 31,
(in thousands)		2021			2020			2019
Total gross margin		$	422,544		$	497,777		$	509,247
Less:
Selling, general and administrative			107,167			105,100			117,727
Depreciation and amortization			178,946			193,138			188,084
Long-lived and other asset impairment			21,397			79,556			44,663
Goodwill impairment			—			99,830			—
Restatement and other charges			—			—			445
Restructuring charges			2,903			8,450			—
Interest expense			108,135			105,716			104,681
Debt extinguishment loss			—			3,971			3,653
Transaction-related costs			—			—			8,213
Gain on sale of assets, net			(30,258)			(10,643)			(16,016)
Other income, net			(4,707)			(1,359)			(661)
Income (loss) before income taxes		$	38,961		$	(85,982)		$	58,458

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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