| Industry Segment Information | (3) Industry Segment Information
Orbital’s products and services are grouped into three reportable business segments: launch vehicles, satellites and space systems and advanced space programs. Reportable segments are generally organized based upon product lines. Corporate office transactions that have not been attributed to a particular segment, as well as consolidating eliminations and adjustments, are reported in corporate and other. The primary products and services from which the company’s reportable segments derive revenues are:
| • | Launch Vehicles - Rockets that are used as small- and medium-class space launch vehicles that place satellites into Earth orbit and escape trajectories, interceptor and target vehicles for missile defense systems and suborbital launch vehicles that place payloads into a variety of high-altitude trajectories. |
| • | Satellites and Space Systems - Small- and medium-class satellites that are used to enable global and regional communications and broadcasting, conduct space-related scientific research, collect imagery and other remotely-sensed data about the Earth, carry out interplanetary and other deep-space exploration missions and demonstrate new space technologies. |
| • | Advanced Space Programs - Human-rated space systems for Earth-orbit and deep-space exploration, and small- and medium-class satellites primarily used for national security space programs and to demonstrate new space technologies. |
Intersegment sales are generally negotiated and accounted for under terms and conditions that are similar to other commercial and government contracts. Substantially all of the company’s assets and operations are located within the United States. The following table presents operating information and identifiable assets by reportable segment (in thousands):
| | Quarters Ended September 30, | | Nine Months Ended September 30, | | | | 2011 | | | 2010 | | 2011 | | | 2010 | | Launch Vehicles: | | | | | | | | | | | Revenues(1) | $116,538 | | | $105,828 | | $353,178 | | | $301,872 | | Operating income | 5,242 | | | 4,988 | | 7,063 | | | 12,988 | | Identifiable assets | 209,216 | | | 212,360 | (2) | 209,216 | | | 212,360 | (2) | Capital expenditures | 2,516 | | | 15,472 | | 23,212 | | | 37,897 | | Depreciation and amortization | 3,497 | | | 1,865 | | 10,769 | | | 5,479 | | Satellites and Space Systems: | | | | | | | | | | | Revenues(1) | $141,130 | | | $121,844 | | $431,963 | | | $361,788 | | Operating income | 11,460 | | | 7,441 | | 30,244 | | | 22,660 | | Identifiable assets | 293,394 | | | 268,804 | (2) | 293,394 | | | 268,804 | (2) | Capital expenditures | 3,531 | | | 4,210 | | 7,376 | | | 7,537 | | Depreciation and amortization | 1,651 | | | 1,670 | (3) | 5,102 | | | 4,226 | (3) | Advanced Space Programs: | | | | | | | | | | | Revenues(1) | $112,214 | | | $103,204 | | $308,112 | | | $331,673 | | Operating income | 7,966 | | | 7,835 | | 20,285 | | | 15,829 | | Identifiable assets | 259,345 | | | 188,184 | (2) | 259,345 | | | 188,184 | (2) | Capital expenditures | 3,098 | | | 4,867 | | 10,294 | | | 11,049 | | Depreciation and amortization | 1,276 | | | 1,088 | (3) | 3,576 | | | 3,431 | (3) | Corporate and Other: | | | | | | | | | | | Revenues(1) | $(27,712) | | | $(16,357) | | $(82,781) | | | $(46,898) | | Operating loss | — | | | (908) | (4) | — | | | (2,528) | (4) | Identifiable assets | 435,229 | | | 393,188 | (2) | 435,229 | | | 393,188 | (2) | Capital expenditures | 1,199 | | | 542 | | 2,236 | | | 2,199 | | Depreciation and amortization | 1,564 | | | 1,711 | | 5,017 | | | 4,591 | | Consolidated: | | | | | | | | | | | Revenues | $342,170 | | | $314,519 | | $1,010,472 | | | $948,435 | | Operating income | 24,668 | | | 19,356 | | 57,592 | | | 48,949 | | Identifiable assets | 1,197,184 | | | 1,062,536 | (2) | 1,197,184 | | | 1,062,536 | (2) | Capital expenditures | 10,344 | | | 25,091 | | 43,118 | | | 58,682 | | Depreciation and amortization | 7,988 | | | 6,334 | | 24,464 | | | 17,727 | |
(1) | Corporate and other revenues are comprised solely of the elimination of intersegment revenues summarized as follows (in millions): |
| | | Quarters Ended September 30, | | | Nine Months Ended September 30, | | | | | 2011 | | | 2010 | | | 2011 | | | 2010 | | Launch Vehicles | | $ | 26.1 | | | $ | 14.4 | | | $ | 77.8 | | | $ | 41.4 | | Satellites and Space Systems | | | 1.5 | | | | 1.7 | | | | 3.9 | | | | 4.5 | | Advanced Space Programs | | | 0.1 | | | | 0.3 | | | | 1.1 | | | | 1.0 | | Total intersegment revenues | | $ | 27.7 | | | $ | 16.4 | | | $ | 82.8 | | | $ | 46.9 | |
(2) As of December 31, 2010. (3) Prior period amounts have been reclassified to conform to the current period presentation. | (4) | The corporate and other operating loss in 2010 is comprised of unallocated corporate-level costs and includes $1.6 million of transaction expenses incurred in connection with a business acquisition. |
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