XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.22.2

Revenue Recognition and Related Balance Sheet Accounts (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Geographic Location and Contract Type | The following tables present Quanta’s revenue disaggregated by contract type and by geographic location, as determined by the job location (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
By contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unit-price contracts |  | $ | 1,451,905 |  |  | 34.3 | % |  | $ | 1,217,724 |  |  | 40.6 | % |  | 2,809,507 |  |  | 34.3 | % |  | $ | 2,194,286 |  |  | 38.5 | %
Cost-plus contracts |  | 974,942 |  |  | 23.0 | % |  | 759,485 |  |  | 25.3 | % |  | 1,893,230 |  |  | 23.1 | % |  | 1,422,257 |  |  | 24.9 | %
Fixed price contracts |  | 1,805,156 |  |  | 42.7 | % |  | 1,022,607 |  |  | 34.1 | % |  | 3,494,791 |  |  | 42.6 | % |  | 2,086,854 |  |  | 36.6 | %
Total revenues |  | $ | 4,232,003 |  |  | 100.0 | % |  | $ | 2,999,816 |  |  | 100.0 | % |  | $ | 8,197,528 |  |  | 100.0 | % |  | $ | 5,703,397 |  |  | 100.0 | %
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
By primary geographic location:
United States |  | $ | 3,667,337 |  |  | 86.7 | % |  | $ | 2,570,798 |  |  | 85.7 | % |  | $ | 6,991,306 |  |  | 85.2 | % |  | $ | 4,776,914 |  |  | 83.7 | %
Canada |  | 439,466 |  |  | 10.4 | % |  | 327,159 |  |  | 10.9 | % |  | 990,371 |  |  | 12.1 | % |  | 741,005 |  |  | 13.0 | %
Australia |  | 89,369 |  |  | 2.1 | % |  | 62,808 |  |  | 2.1 | % |  | 144,570 |  |  | 1.8 | % |  | 117,915 |  |  | 2.1 | %
Others |  | 35,831 |  |  | 0.8 | % |  | 39,051 |  |  | 1.3 | % |  | 71,281 |  |  | 0.9 | % |  | 67,563 |  |  | 1.2 | %
Total revenues |  | $ | 4,232,003 |  |  | 100.0 | % |  | $ | 2,999,816 |  |  | 100.0 | % |  | $ | 8,197,528 |  |  | 100.0 | % |  | $ | 5,703,397 |  |  | 100.0 | %
Contract Assets and Liabilities | Contract assets and liabilities consisted of the following (in thousands):
|  | June 30, 2022 |  | December 31, 2021
Contract assets |  | $ | 1,001,733 |  |  | $ | 803,453 |
Contract liabilities |  | $ | 751,326 |  |  | $ | 802,872 |
Composition of the Allowance for Credit Losses | Activity in Quanta’s allowance for credit losses consisted of the following (in thousands):
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Balance at beginning of period |  | $ | 49,916 |  |  | $ | 16,449 |  |  | $ | 49,749 |  |  | $ | 16,546 |
Increase (decrease) in provision for credit losses |  | (428) |  |  | 23,877 |  |  | (295) |  |  | 23,920 |
Recoveries of amounts previously written off (write-offs charged against the allowance), net |  | 219 |  |  | (613) |  |  | 253 |  |  | (753) |
Balance at end of period |  | $ | 49,707 |  |  | $ | 39,713 |  |  | $ | 49,707 |  |  | $ | 39,713 |

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration