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CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Tables)

12 Months Ended

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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