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CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Financial Data for Reportable Operating Segments | 2.Financial information relating to reportable operating segments:
|  | Year ended December 31, 2021 |
|  | Fixed Networks |  |  | Mobility Solutions |  |  | Terrestrial Infrastructure Projects |  |  | Unallocated |  | Total |
Revenues |  | $ | 114,398 |  |  | $ | 77,614 |  |  | $ | 22,958 |  |  | $ | - |  | $ | 214,970 |
Cost of revenues |  |  | 72,885 |  |  |  | 45,665 |  |  |  | 25,153 |  |  |  | - |  |  | 143,703 |
Gross profit (loss) |  |  | 41,513 |  |  |  | 31,949 |  |  |  | (2,195 | ) |  |  | - |  |  | 71,267 |
Research and development, net |  |  | 9,943 |  |  |  | 21,393 |  |  |  | - |  |  |  | - |  |  | 31,336 |
Selling and marketing |  |  | 15,305 |  |  |  | 6,169 |  |  |  | 38 |  |  |  | - |  |  | 21,512 |
General and administrative |  |  | 8,943 |  |  |  | 5,059 |  |  |  | 1,585 |  |  |  | - |  |  | 15,587 |
Impairment of held for sale asset |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 651 |  |  | 651 |
Operating income (loss) |  |  | 7,322 |  |  |  | (672 | ) |  |  | (3,818 | ) |  |  | (651 | ) |  | 2,181 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,722 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 459 |
Taxes on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,492 |
Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,033 | )
Depreciation and amortization expenses |  | $ | 5,740 |  |  | $ | 5,138 |  |  | $ | 113 |  |  | $ | - |  | $ | 10,991 |
F - 59 GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS U.S. dollars in thousands NOTE 15:- CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.)
|  | Year ended December 31, 2020 |
|  | Fixed Networks |  |  | Mobility Solutions |  |  | Terrestrial Infrastructure Projects |  |  | Unallocated |  |  | Total |
|  | As Restated (1) |  |  |  |  |  | As Restated (1) |  |  |  |  |  | As Restated (1) |
Revenues |  | $ | 92,496 |  |  | $ | 54,169 |  |  | $ | 19,470 |  |  | $ | - |  |  | $ | 166,135 |
Cost of revenues |  |  | 61,939 |  |  |  | 37,728 |  |  |  | 25,088 |  |  |  | - |  |  |  | 124,755 |
Gross profit (loss) |  |  | 30,557 |  |  |  | 16,441 |  |  |  | (5,618 | ) |  |  | - |  |  |  | 41,380 |
Research and development, net |  |  | 7,350 |  |  |  | 18,953 |  |  |  | - |  |  |  | - |  |  |  | 26,303 |
Selling and marketing |  |  | 12,388 |  |  |  | 4,448 |  |  |  | 35 |  |  |  | - |  |  |  | 16,871 |
General and administrative |  |  | 8,520 |  |  |  | 4,002 |  |  |  | 1,541 |  |  |  | - |  |  |  | 14,063 |
Merger, acquisition and related litigation income, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (53,633 | ) |  |  | (53,633 | )
Operating income (loss) |  |  | 2,299 |  |  |  | (10,962 | ) |  |  | (7,194 | ) |  |  | 53,633 |  |  |  | 37,776 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,907 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35,869 |
Taxes on income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 793 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 35,076 |
Depreciation and amortization expenses |  | $ | 5,953 |  |  | $ | 4,259 |  |  | $ | 79 |  |  | $ | - |  |  | $ | 10,291 |
|  | Year ended December 31, 2019 |
|  | Fixed Networks |  |  | Mobility Solutions |  |  | Terrestrial Infrastructure Projects |  |  |  | Unallocated |  | Total |
|  | As Restated (1) |  |  |  |  |  | As Restated (1) |  |  |  |  |  | As Restated (1) |
Revenues |  | $ | 127,142 |  |  | $ | 104,665 |  |  | $ | 25,527 |  |  | $ | - |  |  | $ | 257,334 |
Cost of revenues |  |  | 80,038 |  |  |  | 53,263 |  |  |  | 27,836 |  |  |  | - |  |  |  | 161,137 |
Gross profit (loss) |  |  | 47,104 |  |  |  | 51,402 |  |  |  | (2,309 | ) |  |  | - |  |  |  | 96,197 |
Research and development, net |  |  | 10,919 |  |  |  | 19,265 |  |  |  | - |  |  |  | - |  |  |  | 30,184 |
Selling and marketing |  |  | 14,955 |  |  |  | 6,485 |  |  |  | 48 |  |  |  | - |  |  |  | 21,488 |
General and administrative |  |  | 11,279 |  |  |  | 5,914 |  |  |  | 1,322 |  |  |  | - |  |  |  | 18,515 |
Merger, acquisition and related litigation expenses, net |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 118 |  |  |  | 118 |
Operating income (loss) |  |  | 9,951 |  |  |  | 19,738 |  |  |  | (3,679 | ) |  |  | (118 | ) |  |  | 25,892 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,617 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 23,275 |
Tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (13,583 | )
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 36,858 |
Depreciation and amortization expenses |  | $ | 7,032 |  |  | $ | 3,871 |  |  | $ | 75 |  |  | $ | - |  |  | $ | 10,978 |
(1) The Company restated previously issued consolidated financial statements. See Note 2 and Note 17 for additional information.
Schedule of Revenues by Geographic Area | Following is a summary of revenues by geographic areas. Revenues attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows:
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  |  | As Restated (1) |
Latin America *) |  | $ | 70,421 |  |  | $ | 58,872 |  |  | $ | 75,464 |
Asia Pacific |  |  | 45,512 |  |  |  | 25,265 |  |  |  | 44,181 |
United States and Canada |  |  | 71,468 |  |  |  | 59,819 |  |  |  | 107,520 |
Europe, the Middle East and Africa **) |  |  | 27,569 |  |  |  | 22,179 |  |  |  | 30,169 |
|  | $ | 214,970 |  |  | $ | 166,135 |  |  | $ | 257,334 |
Schedule of Long-Lived Assets by Geographic Area | c.The Company's long-lived assets (property and equipment, net and operating lease right-of-use assets) are located as follows:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Israel |  | $ | 58,435 |  |  | $ | 59,554 |
Latin America |  |  | 5,518 |  |  |  | 3,657 |
United States |  |  | 8,448 |  |  |  | 8,737 |
Europe |  |  | 3,179 |  |  |  | 8,593 |
Other |  |  | 1,289 |  |  |  | 1,510 |
|  | $ | 76,869 |  |  | $ | 82,051 |
Schedule of Revenues from Major Customers | d.The table below represents the revenues from major customers and their segments:
|  | Year ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  |  |  |  | As Restated (1) |
Customer A – Terrestrial and Fixed |  |  | 19 | % |  |  | 20 | % |  |  | 14 | %
Customer D – Mobility |  |  | 12 | % |  |  | * | ) |  |  | * | )
Customer B – Mobility |  |  | * | ) |  |  | 11 | % |  |  | 13 | %
Customer C – Mobility |  |  | * | ) |  |  | * | ) |  |  | 11 | %
*)Less than 10%

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