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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2022
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 |  |
|  | March 31, |  |
|  | 2022 |  | 2021 |  |  |  |
Revenues: |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 2,138,697 |  |  | $ | 1,676,046 |  |  |  |  |
Renewable Energy Infrastructure Solutions |  | 875,632 |  |  | 384,074 |  |  |  |  |
Underground Utility and Infrastructure Solutions |  | 951,196 |  |  | 643,461 |  |  |  |  |
Consolidated revenues |  | $ | 3,965,525 |  |  | $ | 2,703,581 |  |  |  |  |
Operating income (loss): |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions (1) |  | $ | 203,419 |  |  | $ | 153,739 |  |  |  |  |
Renewable Energy Infrastructure Solutions |  | 69,942 |  |  | 45,296 |  |  |  |  |
Underground Utility and Infrastructure Solutions |  | 48,175 |  |  | 8,813 |  |  |  |  |
Corporate and Non-Allocated Costs (2) |  | (204,020) |  |  | (94,119) |  |  |  |  |
Consolidated operating income |  | $ | 117,516 |  |  | $ | 113,729 |  |  |  |  |
Depreciation: |  |  |  |  |  |  |  |
Electric Power Infrastructure Solutions |  | $ | 36,779 |  |  | $ | 34,404 |  |  |  |  |
Renewable Energy Infrastructure Solutions |  | 8,233 |  |  | 2,241 |  |  |  |  |
Underground Utility and Infrastructure Solutions |  | 20,938 |  |  | 21,087 |  |  |  |  |
Corporate and Non-Allocated Costs |  | 5,004 |  |  | 4,375 |  |  |  |  |
Consolidated depreciation |  | $ | 70,954 |  |  | $ | 62,107 |  |  |  |  |
(1) 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. (2) Corporate and Non-Allocated Costs for the three months ended March 31, 2022 and 2021 included amortization expense of $115.8 million and $21.4 million and non-cash stock-based compensation of $22.4 million and $18.7 million.

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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