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Revenue
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Text Block [Abstract]    
Revenue
NOTE 12. REVENUE
 
 
  
Three months ended
June 30,
 
  
Six months ended
June 30,
 
 
  
2022
 
  
2021
 
  
2022
 
  
2021
 
Engineered Systems
  
$
196,346
 
  
$
64,998
 
  
$
370,777
 
  
$
137,230
 
Service
  
 
105,839
 
  
 
77,630
 
  
 
189,025
 
  
 
148,166
 
Energy Infrastructure
1
  
 
69,892
 
  
 
61,879
 
  
 
135,344
 
  
 
122,316
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total revenue
  
$
372,077
 
  
$
204,507
 
  
$
695,146
 
  
$
407,712
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
1
 
During the three and six months ended June 30, 2022, the Company recognized $14.6 million and $28.2 million of revenue related to operating leases in its Canada and ROW segments (June 30, 2021 - $16.7 million and $34.5 million). Additionally, the Company recognized $29.7 million and $57.3 million of revenue related to its USA contract compression fleet (June 30, 2021 - $23.4 million and $46.4 million).
Revenue by geographic location, which is attributed by destination of sale, was as follows:
 
 
  
Three months ended
June 30,
 
  
Six months ended
June 30,
 
 
  
2022
 
  
2021
 
  
2022
 
  
2021
 
United States
  
$
194,233
 
  
$
105,883
 
  
$
321,947
 
  
$
187,270
 
Canada
  
 
65,288
 
  
 
30,969
 
  
 
130,332
 
  
 
80,217
 
Oman
  
 
14,284
 
  
 
16,561
 
  
 
64,902
 
  
 
33,945
 
Mexico
  
 
28,869
 
  
 
5,935
 
  
 
35,831
 
  
 
12,229
 
Australia
  
 
13,562
 
  
 
15,125
 
  
 
26,630
 
  
 
32,173
 
Argentina
  
 
12,829
 
  
 
7,991
 
  
 
24,246
 
  
 
14,391
 
Bahrain
  
 
10,509
 
  
 
8,554
 
  
 
18,672
 
  
 
15,642
 
Brazil
  
 
11,128
 
  
 
3,532
 
  
 
17,604
 
  
 
7,019
 
Colombia
  
 
6,158
 
  
 
2,580
 
  
 
13,822
 
  
 
7,609
 
Nigeria
  
 
1,833
 
  
 
2,040
 
  
 
11,270
 
  
 
3,311
 
Other
  
 
13,384
 
  
 
5,337
 
  
 
29,890
 
  
 
13,906
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total revenue
  
$
372,077
 
  
$
204,507
 
  
$
695,146
 
  
$
407,712
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
The following table outlines the Company’s unsatisfied performance obligations, by product line, as at June 30, 2022:
 
 
  
Less than
one year
 
  
One to two
years
 
  
Greater than
two years
 
  
Total
 
Engineered Systems
  
$
736,742
 
  
$
210
 
  
$
—  
 
  
$
736,952
 
Service
  
 
42,877
 
  
 
20,317
 
  
 
53,903
 
  
 
117,097
 
Energy Infrastructure
  
 
227,612
 
  
 
138,540
 
  
 
674,651
 
  
 
1,040,803
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
  
$
1,007,231
 
  
$
159,067
 
  
$
728,554
 
  
$
1,894,852
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
NOTE 23. REVENUE
 
Years ended December 31,
  
2021
     2020      2019  
Engineered Systems
  
$
354,127
 
   $ 598,566      $ 1,448,503  
Service
1
  
 
327,376
 
     303,269        350,992  
Energy Infrastructure
1,2,3

  
 
278,653
 
     315,217        245,927  
    
 
 
    
 
 
    
 
 
 
Total revenue
  
$
960,156
 
   $ 1,217,052      $ 2,045,422  
    
 
 
    
 
 
    
 
 
 
 
1
 
During the second quarter of 2020, revenues from the operation and maintenance of BOOM contracts have been reclassified from the Service to
Energy
I
nfrast
ructure
product line, including $11,717 previously disclosed during the first quarter of 2020. For the year ended December 31, 2019, $43,594 of revenues have been reclassified from Service to
Energy
I
nfrastructure
.
 
This new classification creates better alignment with management’s internal metrics, as the operations and maintenance of these facilities are considered costs and revenue associated with the rental of the facilities.
2
 
Energy Infrastructure revenue for 2021 and 2020 includes the recognition of revenue from finance lease transactions in the fourth quarter of the same period. Upon commencement of the renegotiated leases, the Company recognized the sale of the related rental assets and a corresponding finance lease receivable. Refer to Note 11 for further details on finance leases.

3
 
During the year ended December 31, 2021, the Company recognized $68.2 million of revenue related to operating leases in its Canada and ROW segments (December 31, 2020 - $86.6 million
;
December 31, 2019 - $92.3 million). Additionally, the Company recognized $98.1 million of revenue related to its USA contract compression fleet (December 31, 2020 - $91.1 million
;
December 31, 2019 - $76.1 million).
Revenue by geographic location, which is attributed by destination of sale, is as follows:
 
Years ended December 31,
  
2021
     2020      2019  
United States
  
$
451,675
 
   $ 549,854      $ 954,350  
Canada
  
 
173,181
 
     206,508        484,251  
Oman
  
 
84,486
 
     53,664        105,721  
Australia
  
 
61,520
 
     65,683        71,592  
Bahrain
  
 
40,361
 
     108,358        42,864  
Argentina
  
 
34,321
 
     21,276        24,522  
Mexico
  
 
27,355
 
     32,945        46,300  
Colombia
  
 
17,795
 
     32,671        17,375  
Brazil
  
 
17,289
 
     11,130        10,953  
Nigeria
  
 
7,853
 
     92,334        256,177  
Bolivia
  
 
7,775
 
     6,264        4,037  
Other
  
 
36,545
 
     36,365        27,280  
    
 
 
    
 
 
    
 
 
 
Total revenue
  
$
960,156
 
   $ 1,217,052      $ 2,045,422  
    
 
 
    
 
 
    
 
 
 
The following table outlines the Company’s unsatisfied performance obligations, by product line, as at December 31, 2021:
 
     Less than
one year
     One to
two years
     Greater than
two years
     Total  
Engineered Systems
   $ 556,844      $ 705      $ —        $ 557,549  
Service
     33,192        13,437        44,665        91,294  
Energy Infrastructure
     158,616        141,366        709,555        1,009,537  
    
 
 
    
 
 
    
 
 
    
 
 
 
    
$
748,652
 
  
$
155,508
 
  
$
754,220
 
  
$
1,658,380