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Business Segments (Tables)
3 Months Ended
Mar. 31, 2012
Business Segments  
Schedule of revenue, gross profit and income from operations by segment

 

 

 

 

For the Three Months ended

 

 

 

March 31,

 

 

 

2012

 

2011

 

Revenue:

 

 

 

 

 

Aviation segment

 

$

3,411,547

 

$

2,646,592

 

Marine segment

 

3,904,191

 

2,999,419

 

Land segment

 

2,163,317

 

1,433,395

 

 

 

$

9,479,055

 

$

7,079,406

 

 

 

 

 

 

 

Gross profit:

 

 

 

 

 

Aviation segment

 

$

64,914

 

$

70,128

 

Marine segment

 

55,077

 

40,215

 

Land segment

 

37,244

 

26,425

 

 

 

$

157,235

 

$

136,768

 

 

 

 

 

 

 

Income from operations:

 

 

 

 

 

Aviation segment

 

$

26,833

 

$

38,170

 

Marine segment

 

27,445

 

17,355

 

Land segment

 

16,200

 

10,663

 

 

 

70,478

 

66,188

 

Corporate overhead – unallocated

 

11,222

 

10,663

 

 

 

$

59,256

 

$

55,525

Schedule of accounts receivable, net and total assets by segment

 

 

 

 

As of

 

 

 

March 31,

 

December 31,

 

 

 

2012

 

2011

 

Accounts receivable, net:

 

 

 

 

 

Aviation segment, net of allowance for bad debt of $8,419 and $8,441 as of March 31, 2012 and December 31, 2011, respectively

 

$

608,959

 

$

569,086

 

Marine segment, net of allowance for bad debt of $9,422 and $9,495 as of March 31, 2012 and December 31, 2011, respectively

 

1,260,189

 

1,261,340

 

Land segment, net of allowance for bad debt of $6,456 and $6,365 as of March 31, 2012 and December 31, 2011, respectively

 

420,937

 

330,135

 

 

 

$

2,290,085

 

$

2,160,561

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

Aviation segment

 

$

1,290,714

 

$

1,149,031

 

Marine segment

 

1,573,637

 

1,568,378

 

Land segment

 

932,108

 

816,595

 

Corporate

 

129,345

 

163,242

 

 

 

$

3,925,804

 

$

3,697,246