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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summarized Financial Information

Summarized financial information for Quanta’s reportable segments is presented in the following table (in thousands):

						Three Months Ended												Nine Months Ended
						September 30,												September 30,
						2021						2020						2021						2020
Revenues:
Electric Power Infrastructure Solutions						$	2,328,468					$	2,107,621					$	6,536,363					$	5,667,566
Underground Utility and Infrastructure Solutions						1,024,810						912,540						2,520,312						2,622,921
Consolidated revenues						$	3,353,278					$	3,020,161					$	9,056,675					$	8,290,487
Operating income (loss):
Electric Power Infrastructure Solutions (1)(2)						$	288,283					$	268,376					$	724,217					$	581,030
Underground Utility and Infrastructure Solutions						68,167						76,220						100,917						128,747
Corporate and Non-Allocated Costs						(108,373)						(102,381)						(301,677)						(273,909)
Consolidated operating income						$	248,077					$	242,215					$	523,457					$	435,868
Depreciation:
Electric Power Infrastructure Solutions						$	37,196					$	30,637					$	110,925					$	88,337
Underground Utility and Infrastructure Solutions						20,958						21,313						63,183						64,280
Corporate and Non-Allocated Costs						3,462						4,294						12,372						12,563
Consolidated depreciation						$	61,616					$	56,244					$	186,480					$	165,180

(1)    As of December 31, 2020, Quanta had substantially completed the exit of its operations in Latin America. For the three and nine months ended September 30, 2020, operating income for the Electric Power Infrastructure Solutions segment included $15.4 million and $46.9 million of operating losses related to Latin American operations.

(2)    Operating income for the Electric Power Infrastructure Solutions segment includes equity in earnings of integral unconsolidated affiliates that are operationally integral to the operations of Quanta, which primarily consists of equity in earnings related to Quanta’s equity interest in LUMA.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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-Name Accounting Standards Codification
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