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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION:
Quanta presents its operations under two reportable segments: (1) Electric Power Infrastructure Solutions and (2) Underground Utility and Infrastructure Solutions. This structure is generally based on the broad end-user markets for Quanta’s services. See Note 1 for additional information regarding Quanta’s reportable segments.
Quanta’s segment results are derived from the types of services provided across its operating units in each of its end user markets. Quanta’s entrepreneurial business model allows multiple operating units to serve the same or similar customers and to provide a range of services across end user markets. Quanta’s operating units are organized into one of two internal divisions: the Electric Power Infrastructure Solutions Division and the Underground Utility and Infrastructure Solutions Division. These
internal divisions are closely aligned with the reportable segments, and operating units are assigned to divisions based on the predominant type of work performed.
Reportable segment information, including revenues and operating income by type of work, is gathered from each operating unit for the purpose of evaluating segment performance in support of Quanta’s market strategies. Classification of operating unit revenues by type of work for segment reporting purposes can require judgment on the part of management. Quanta’s operating units may perform joint projects for customers in multiple industries, deliver multiple types of services under a single customer contract or provide service offerings to various industries. For example, Quanta performs joint trenching projects to install distribution lines for electric power and natural gas customers.
In addition, Quanta’s integrated operations and common administrative support for its operating units require that certain allocations be made to determine segment profitability, including allocations of shared and indirect costs (e.g., facility costs), indirect operating expenses (e.g., depreciation), and general and administrative costs. Certain corporate costs are not allocated and include payroll and benefits, employee travel expenses, facility costs, professional fees, acquisition costs and amortization related to intangible assets.
Summarized financial information for Quanta’s reportable segments is presented in the following table (in thousands):
 Year Ended December 31,
 202020192018
Revenues:   
Electric Power Infrastructure Solutions$7,773,343 $7,121,837 $6,415,562 
Underground Utility and Infrastructure Solutions3,429,329 4,990,316 4,755,861 
Consolidated revenues$11,202,672 $12,112,153 $11,171,423 
Operating income (loss):
   
Electric Power Infrastructure Solutions$826,325 $591,177 $628,286 
Underground Utility and Infrastructure Solutions170,074 332,011 204,178 
Corporate and non-allocated costs(385,028)(368,314)(292,195)
Consolidated operating income$611,371 $554,874 $540,269 
Depreciation:   
Electric Power Infrastructure Solutions$121,848 $108,295 $96,300 
Underground Utility and Infrastructure Solutions85,981 90,953 89,046 
Corporate and non-allocated costs17,427 18,859 17,173 
Consolidated depreciation$225,256 $218,107 $202,519 
Quanta decided to pursue an exit of its operations in Latin America. Electric Power Infrastructure Solutions revenues included $7.6 million, $63.2 million and $96.1 million related to Latin American operations for the years ended December 31, 2020, 2019 and 2018. Latin American revenues for the year ended December 31, 2019 reflect the reversal of $48.8 million of revenues in connection with the terminated telecommunications project in Peru, a portion of which related to prior periods. Electric Power Infrastructure Solutions operating income included $74.0 million, $85.7 million and $8.1 million of operating losses related to Latin American operations for the years ended December 31, 2020, 2019 and 2018. Included in the Latin American operating loss for the year ended December 31, 2019 was a $79.2 million charge associated with the termination of the large telecommunications project in Peru, which included the $48.8 million decrease in revenues described above and a $30.4 million increase in cost of services. See Legal Proceedings — Peru Project Dispute in Note 14 for additional information on this matter.
Separate measures of Quanta’s assets and cash flows by reportable segment, including capital expenditures, are not produced or utilized by management to evaluate segment performance. Quanta’s fixed assets, which are held at the operating unit level, include operating machinery, equipment and vehicles, office equipment, buildings and leasehold improvements, and are used on an interchangeable basis across its reportable segments. As such, for reporting purposes, total depreciation expense is allocated each quarter among Quanta’s reportable segments based on the ratio of each reportable segment’s revenue contribution to consolidated revenues.
Foreign Operations
During 2020, 2019, and 2018, Quanta derived $1.58 billion, $1.92 billion and $2.60 billion of its revenues from foreign operations. Of Quanta’s foreign revenues, 79%, 75% and 76% were earned in Canada during the years ended December 31,
2020, 2019 and 2018. In addition, Quanta held property and equipment of $336.4 million and $314.1 million in foreign countries, primarily Canada, as of December 31, 2020 and 2019.