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Business Segment, Geographic Information, and Major Customers | 12 Months Ended
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Dec. 31, 2014
Business Segments, Geographic Information, and Major Customers |
Business Segments, Geographic Information, and Major Customers | 11. Business Segments, Geographic Information, and Major Customers Business Segments Based on the nature of operations and quantitative thresholds pursuant to the accounting guidance on segment reporting, we have three reportable operating business segments: aviation, marine and land. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Please refer to Note 1 for the dates that the results of operations and related assets and liabilities of our acquisitions have been included in our operating segments. The accounting policies of the reportable operating segments are the same as those described in the Summary of Significant Accounting Policies (see Note 1). Information concerning our revenue, gross profit, income from operations, depreciation and amortization and capital expenditures by segment is as follows (in thousands):
|  | For the Year ended December 31,
|  | 2014 |  | 2013 |  | 2012
Revenue: |  |  |  |  |  |  |  |  |
Aviation segment |  | $ | 17,268,834 |  | $ | 16,087,611 |  | $ | 14,692,042
Marine segment |  |  | 13,843,307 |  |  | 14,790,342 |  |  | 14,750,425
Land segment |  |  | 12,274,248 |  |  | 10,683,994 |  |  | 9,502,871
|  | $ | 43,386,389 |  | $ | 41,561,947 |  | $ | 38,945,338
Gross profit: |  |  |  |  |  |  |  |  |
Aviation segment |  | $ | 321,596 |  | $ | 327,178 |  | $ | 294,601
Marine segment |  |  | 205,612 |  |  | 177,052 |  |  | 208,028
Land segment |  |  | 286,414 |  |  | 248,528 |  |  | 170,818
|  | $ | 813,622 |  | $ | 752,758 |  | $ | 673,447
Income from operations: |  |  |  |  |  |  |  |  |
Aviation segment |  | $ | 142,303 |  | $ | 150,886 |  | $ | 128,153
Marine segment |  |  | 90,029 |  |  | 73,770 |  |  | 103,229
Land segment |  |  | 90,335 |  |  | 84,767 |  |  | 75,291
|  |  | 322,667 |  |  | 309,423 |  |  | 306,673
Corporate overhead – unallocated |  |  | 53,519 |  |  | 45,065 |  |  | 49,650
|  | $ | 269,148 |  | $ | 264,358 |  | $ | 257,023
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Aviation segment, includes allocation from corporate |  | $ | 15,419 |  | $ | 15,854 |  | $ | 17,381
Marine segment, includes allocation from corporate |  |  | 5,559 |  |  | 5,362 |  |  | 5,387
Land segment, includes allocation from corporate |  |  | 34,684 |  |  | 20,861 |  |  | 10,406
Corporate |  |  | 3,737 |  |  | 2,633 |  |  | 3,540
|  | $ | 59,399 |  | $ | 44,710 |  | $ | 36,714
Capital expenditures: |  |  |  |  |  |  |  |  |
Aviation segment |  | $ | 9,017 |  | $ | 5,737 |  | $ | 4,713
Marine segment |  |  | 13,854 |  |  | 17,326 |  |  | 8,981
Land segment |  |  | 15,962 |  |  | 54,360 |  |  | 7,243
Corporate |  |  | 12,948 |  |  | 5,293 |  |  | 7,517
|  | $ | 51,781 |  | $ | 82,716 |  | $ | 28,454
Information concerning our accounts receivable, net, goodwill, identifiable intangible assets, net and total assets by segment is as follows (in thousands):
|  | As of December 31,
|  | 2014 |  | 2013
Accounts receivable, net: |  |  |  |  |  |
Aviation segment, net of allowance for bad debt of $7,864 and $9,351 as of December 31, 2014 and 2013, respectively |  | $ | 686,496 |  | $ | 771,178
Marine segment, net of allowance for bad debt of $8,434 and $9,845 as of December 31, 2014 and 2013, respectively |  |  | 974,041 |  |  | 1,205,005
Land segment, net of allowance for bad debt of $9,394 and $9,992 as of December 31, 2014 and 2013, respectively |  |  | 647,315 |  |  | 562,459
|  | $ | 2,307,852 |  | $ | 2,538,642
Goodwill: |  |  |  |  |  |
Aviation segment |  | $ | 178,143 |  | $ | 115,507
Marine segment |  |  | 73,068 |  |  | 69,088
Land segment |  |  | 404,867 |  |  | 298,996
|  | $ | 656,078 |  | $ | 483,591
Identifiable intangible assets, net: |  |  |  |  |  |
Aviation segment |  | $ | 67,142 |  | $ | 31,632
Marine segment |  |  | 7,196 |  |  | 5,730
Land segment |  |  | 139,253 |  |  | 129,840
|  | $ | 213,591 |  | $ | 167,202
Total assets: |  |  |  |  |  |
Aviation segment |  | $ | 1,635,371 |  | $ | 1,686,437
Marine segment |  |  | 1,483,077 |  |  | 1,536,817
Land segment |  |  | 1,570,623 |  |  | 1,304,436
Corporate |  |  | 190,909 |  |  | 211,587
|  | $ | 4,879,980 |  | $ | 4,739,277
Geographic Information Information concerning our revenue, income from operations, non‑current assets and total assets, as segregated between the Americas, EMEA (Europe, Middle East and Africa) and the Asia/Pacific regions, is presented as follows, based on the country of incorporation of the relevant subsidiary (in thousands):
|  | For the Year ended December 31,
|  | 2014 |  | 2013 |  | 2012
Revenue: |  |  |  |  |  |  |  |  |
United States |  | $ | 21,514,304 |  | $ | 21,149,175 |  | $ | 20,216,891
EMEA (1) |  |  | 8,612,751 |  |  | 7,017,479 |  |  | 7,247,754
Asia/Pacific (2) |  |  | 9,844,682 |  |  | 10,215,412 |  |  | 8,404,324
Americas, excluding United States |  |  | 3,414,652 |  |  | 3,179,881 |  |  | 3,076,369
Total |  | $ | 43,386,389 |  | $ | 41,561,947 |  | $ | 38,945,338
Income from operations: |  |  |  |  |  |  |  |  |
United States |  | $ | 52,226 |  | $ | 49,874 |  | $ | 67,041
EMEA |  |  | 121,660 |  |  | 109,650 |  |  | 82,964
Asia/Pacific |  |  | 74,737 |  |  | 70,547 |  |  | 71,054
Americas, excluding United States |  |  | 20,525 |  |  | 34,287 |  |  | 35,964
Total |  | $ | 269,148 |  | $ | 264,358 |  | $ | 257,023
|  | As of December 31,
|  | 2014 |  | 2013
Non-current assets: |  |  |  |  |  |
United States |  | $ | 549,521 |  | $ | 560,623
EMEA |  |  | 591,481 |  |  | 319,339
Asia/Pacific |  |  | 12,351 |  |  | 2,050
Americas, excluding United States |  |  | 51,784 |  |  | 41,764
Total |  | $ | 1,205,137 |  | $ | 923,776
Total assets: |  |  |  |  |  |
United States |  | $ | 1,909,541 |  | $ | 2,239,479
EMEA |  |  | 1,695,200 |  |  | 1,347,020
Asia/Pacific |  |  | 922,705 |  |  | 817,887
Americas, excluding United States |  |  | 352,534 |  |  | 334,891
Total |  | $ | 4,879,980 |  | $ | 4,739,277
| (1) |  | Includes revenue related to the United Kingdom of $6.2 billion, $5.0 billion and $5.2 billion for 2014, 2013 and 2012, respectively.
| (2) |  | Includes revenue related to Singapore of $9.7 billion, $10.1 billion and $8.4 billion for 2014, 2013 and 2012, respectively.
Major Customers During each of the years presented on the consolidated statements of income and comprehensive income, none of our customers accounted for more than 10% of total consolidated revenue.

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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