Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Operating Revenue and Direct Contribution For Our Reportable Business Segments

The following table sets forth Operating Revenue and Direct Contribution for our reportable segments reconciled to Operating Income (loss) and Income (loss) before income taxes:


	2022			2021			2020
Operating Revenue:
Airline Operations	$	4,395,905		$	3,888,601		$	3,066,399
Dry Leasing		170,908			163,365			165,181
Customer incentive asset amortization		(39,764	)		(44,162	)		(39,090	)
Other		22,055			23,025			18,626
Total Operating Revenue	$	4,549,104		$	4,030,829		$	3,211,116

Direct Contribution:
Airline Operations	$	815,647		$	1,020,887		$	739,619
Dry Leasing		56,142			42,587			41,070
Total Direct Contribution for Reportable Segments		871,789			1,063,474			780,689

Unallocated income and (expenses), net		(380,405	)		(409,721	)		(201,016	)
Loss on early extinguishment of debt		(689	)		(6,042	)		(81	)
Unrealized loss on financial instruments		-			(113	)		(71,053	)
Special charge		(16,215	)		-			(16,265	)
Transaction-related expenses		(9,746	)		(1,001	)		(2,780	)
Gain (loss) on disposal of flight equipment		(3,098	)		794			7,248
Income before income taxes		461,636			647,391			496,742

Add back (subtract):
Interest income		(8,755	)		(723	)		(1,076	)
Interest expense		81,692			107,492			114,635
Capitalized interest		(12,683	)		(8,316	)		(925	)
Loss on early extinguishment of debt		689			6,042			81
Unrealized loss on financial instruments		-			113			71,053
Other (income) expense, net		(185	)		(40,705	)		(185,742	)
Operating Income	$	522,394		$	711,294		$	494,768

Schedule of Disaggregated Airline Operations Segment Revenue by Customer and Service Type

The following table disaggregates our Airline Operations segment revenue by customer and service type:


	For the Years Ended December 31,
	2022							2021						2020
		Cargo		Passenger		Total		Cargo		Passenger		Total		Cargo		Passenger		Total
Commercial customers		$	3,786,345	$	25,636	$	3,811,981	$	3,441,881	$	23,163	$	3,465,044	$	2,538,230	$	17,802	$	2,556,032
AMC			338,290		245,634		583,924		139,909		283,648		423,557		217,522		292,845		510,367
Airline Operations Revenue		$	4,124,635	$	271,270	$	4,395,905	$	3,581,790	$	306,811	$	3,888,601	$	2,755,752	$	310,647	$	3,066,399

Depreciation and Amortization by Reportable Business Segments


	2022		2021		2020
Depreciation and amortization expense:
Airline Operations		212,178		188,251		165,769
Dry Leasing		78,625		79,597		78,241
Unallocated		12,417		13,361		13,662
Total Depreciation and Amortization	$	303,220	$	281,209	$	257,672

ATLAS AIR WORLDWIDE HOLDINGS INC 10-K