Segment Reporting (Notes)

3 Months Ended

Mar. 31, 2020

11. Segment Reporting

ASGN provides IT and professional staffing services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. ASGN operates through its Apex, Oxford and ECS segments. The Apex Segment provides technology, digital, creative, scientific, engineering staffing and consulting services to Fortune 1000 and mid-market clients across the United States and Canada. The Oxford Segment provides hard-to-find technology, digital, engineering and life sciences staffing and consulting services in select skill and geographic markets in the United States and Europe. The ECS Segment delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, science and engineering.

The Company’s management evaluates the performance of each segment primarily based on revenues, gross profit and operating income. The information in the following tables is derived directly from the segments’ internal financial reporting used for corporate management purposes.

The following tables present revenues, gross profit, operating income and amortization by reportable segment (in millions):



	Three Months Ended
	March 31,
	2020			2019
Apex:
Revenues	$	629.1		$	606.1
Gross profit	184.5			175.4
Operating income	67.1			61.0
Amortization	5.3			6.0
Oxford:
Revenues	$	148.7		$	149.6
Gross profit	59.3			58.9
Operating income	11.1			11.7
Amortization	0.2			1.0
ECS:
Revenues	$	212.7		$	168.0
Gross profit	37.1			29.6
Operating income	11.3			6.9
Amortization	6.6			6.8
Corporate:
Operating Loss⁽¹⁾	$	(18.6	)	$	(16.9	)

Consolidated:
Revenues	$	990.5		$	923.7
Gross profit	280.9			263.9
Operating income	70.9			62.7
Amortization	12.1			13.8

____________


⁽¹⁾	Parent company operating expenses consisting of consolidated stock-based compensation expense, compensation for corporate employees, acquisition, integration and strategic planning expenses, public company expenses and depreciation expense for corporate assets.

The following table presents revenues disaggregated by type (in millions):



	Three Months Ended
	March 31,
	2020		2019
Apex:
Assignment	$	615.9	$	592.2
Permanent placement	13.2		13.9
	$	629.1	$	606.1
Oxford:
Assignment	$	128.1	$	129.4
Permanent placement	20.6		20.2
	$	148.7	$	149.6
ECS:
Firm-fixed-price	$	57.0	$	43.3
Time and materials	72.4		61.4
Cost-plus-fixed-fee	83.3		63.3
	$	212.7	$	168.0
Consolidated	$	990.5	$	923.7

The Company operates internationally, with operations mainly in the United States. The following table presents revenues within and outside of the United States (in millions):



	Three Months Ended
	March 31,
	2020		%		2019		%
Revenues:
Domestic	$	945.4	95.4	%	$	881.1	95.4	%
Foreign	45.1		4.6	%	42.6		4.6	%
	$	990.5	100.0	%	$	923.7	100.0	%

The following table presents the ECS segment revenues by customer type (in millions):



	Three Months Ended
	March 31,
	2020		2019
Department of Defense and Intelligence Agencies	$	114.9	$	96.0
Federal Civilian	84.6		60.2
Other	13.2		11.8
	$	212.7	$	168.0