Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 87

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 87
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 expense, net66.4 Income before taxes$297.7 

37

Year Ended December 31, 2022CommercialFederal GovernmentTotalRevenuesConsulting$959.6 $1,145.4 $2,105.0 Assignment2,476.1 — 2,476.1 3,435.7 1,145.4 4,581.1 Costs of services2,309.5 902.0 3,211.5 Gross profit1,126.2 243.4 1,369.6 Segment depreciation and other amortization16.4 4.5 20.9 Other segment expenses667.4 116.0 783.4 Segment SG&A expenses683.8 120.5 804.3 Amortization of intangible assets31.3 33.8 65.1 Segment operating income411.1 89.1 500.2 Corporate SG&A expenses90.7 Operating income409.5 Interest expense, net45.9 Income before taxes$363.6 ______Costs of services include an immaterial amount of depreciation expense.Other segment expenses include compensation-related expenses, rent, marketing, and other general and administrative expenses.Corporate SG&A expenses include compensation-related expenses, stock-based compensation, depreciation, acquisition, integration and strategic planning expenses, and public company expenses.Virtually all of the revenues from the Commercial Segment are generated from T&M contracts. Federal Government Segment revenues by contract type are as follows (in millions): Year Ended December 31,202420232022FFP$367.7 $386.7 $331.6 T&M522.0 504.9 456.3 Cost reimbursable341.3 384.6 357.5 1,231.0 1,276.2 1,145.4 Federal Government Segment revenues by customer type are as follows (in millions):Year Ended December 31,202420232022Department of Defense and Intelligence Agencies$560.1 $614.6 $606.3 Federal Civilian627.4 621.6 503.4 Other43.5 40.0 35.7 $1,231.0 $1,276.2 $1,145.4 Approximately 24 percent of Federal Civilian revenues are