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Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summarized Financial Information

The following table sets forth segment revenues, segment operating income (loss) and operating margins for the three and six months ended June 31, 2022 and 2021. Operating margins are calculated by dividing operating income by revenues. The following table shows dollars in thousands:

						Three Months Ended																								Six Months Ended
						June 30,																								June 30,
						2022												2021												2022												2021
Revenues:
Electric Power Infrastructure Solutions						$	2,199,430					52.0		%				$	1,815,762					60.5		%				$	4,338,127					52.9		%				$	3,491,808					61.2		%
Renewable Energy Infrastructure Solutions						924,236						21.8						332,013						11.1						1,799,868						22.0						716,087						12.6
Underground Utility and Infrastructure Solutions						1,108,337						26.2						852,041						28.4						2,059,533						25.1						1,495,502						26.2
Consolidated revenues						$	4,232,003					100.0		%				$	2,999,816					100.0		%				$	8,197,528					100.0		%				$	5,703,397					100.0		%
Operating income (loss):
Electric Power Infrastructure Solutions (1)						$	232,150					10.6		%				$	206,967					11.4		%				$	435,569					10.0		%				$	360,706					10.3		%
Renewable Energy Infrastructure Solutions						81,687						8.8		%				29,932						9.0		%				151,629						8.4		%				75,228						10.5		%
Underground Utility and Infrastructure Solutions						89,943						8.1		%				23,937						2.8		%				138,118						6.7		%				32,750						2.2		%
Corporate and Non-Allocated Costs (2)						(195,424)						(4.6)		%				(99,185)						(3.3)		%				(399,444)						(4.9)		%				(193,304)						(3.4)		%
Consolidated operating income						$	208,356					4.9		%				$	161,651					5.4		%				$	325,872					4.0		%				$	275,380					4.8		%

(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 June 30, 2022 and 2021 included amortization expense of $107.9 million and $21.3 million and non-cash stock-based compensation of $28.1 million and $23.9 million. Corporate and Non-Allocated Costs for the six months ended June 30, 2022 and 2021 included amortization expense of $223.7 million and $42.6 million and non-cash stock-based compensation of $51.1 million and $42.6 million.

The following table shows dollars in thousands:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2022						2021						2022						2021
Depreciation:
Electric Power Infrastructure Solutions						$	36,781					$	34,790					$	73,560					$	69,194
Renewable Energy Infrastructure Solutions						10,178						2,294						18,411						4,535
Underground Utility and Infrastructure Solutions						20,667						21,138						41,605						42,225
Corporate and Non-Allocated Costs						6,333						4,535						11,337						8,910
Consolidated depreciation						$	73,959					$	62,757					$	144,913					$	124,864

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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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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